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Columns by Humayon Dar

Derivatives and shari’a

Are derivatives acceptable in Islamic finance? Of course the answer is yes, but one must appreciate the difference between Islamic derivatives and their conventional counterparts. Furthermore, while the use of...

Islamic banking and social reforms

Islamic banking is not just about conducting financial transactions in compliance with shari'a. Rather, it is fast becoming part of a new Islamic financial lifestyle, which in turn is giving...

Islamic Investment Funds

Is it about time that Islamic investment funds start screening out the companies doing business with the countries that are not friendly towards Islam and Muslims and other companies supporting...

Islamic banking windows

For Pakistan, it is recommended that no new conventional banks be allowed to start their Islamic operations through an Islamic Window model An Islamic window is a separate department within a...

Insurance and Shari’a

With the widespread availability of financing after the liberalisation of financial sector, insurance is fast becoming a necessity in Pakistan. Car financing, for example, by banks and other forms of...

Islamic interbank benchmark rate

On November 22, 2011, Thomson Reuters launched what it claims to be the world's first Islamic finance benchmark rate, designed to provide an objective and dedicated indicator for the average...

Debt, corruption and Islamic banking

In last week’s column, I suggested that a political party like Pakistan Tehrik-e-Insaf should adopt the promotion and implementation of Islamic banking as part of its election manifesto. While Imran...

Road to Islamic banking

With the success of almost full and successful conversion of National Commercial Bank (NCB) of Saudi Arabia, and relatively smaller but equally successful conversions of Middle East Bank into Emirates...

Leasing in Islam

The baseline rule in shari'a is that only those assets that have an inherent usufruct can be leased with the condition that the leased asset is used only for shari’a...

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