Pakistan is experiencing a slow uptake of grid-tied residential PV generation Systems (GTRPVGS); despite of steep fall in PV module prices, higher solar irradiation and enactment of Net-metering by the Government. This slow uptake is attributed to the lack of awareness of four major...

The four decades old Islamic Banking Industry (IBI), despite of its double digit growth, efficiency and resilience, has attracted a lot of censure from scholars owing to its departure from the utopia of profit and loss sharing (PLS) and an equitable social-oriented institution, turning in to a...

This paper attempts to present a comprehensive framework to employ Close Ended Mutual Fund/Investment Company Model for shariah compliant financial Intermediation. Mutual Funds (MF) are an institutionalization of collective investments initiated in the U.S more than century ago. It was in the...

The expansive generalization on the assets of Islamic Banks (IB), being relatively riskier as compared to their conventional counterpart, stand justified owing to the contractual nature and the overall business model of IBs. These assets based or backed by trade (Murabaha, Salam, and Istisna) or...

Given the socioeconomic utility of a owning a house (being a consumption and investment asset at the same time), mortgage finance and markets has always remained a matter of interest for the policy maker. With the Global financial crisis claiming its roots in the subprime lending, wherein the...

The topic of Adjustable Rate Mortgage (ARM) in its first glimpse, takes us to the reader of terms like Global Financial Crisis, Meltdown, Subprime crisis and its horrors. Global Financial Crisis (GFC) – The greatest of all financial crisis after the great depression of 1930, emancipated from a...

Islam hinders Growth – the discriminately pervasive & inconsistently articulated, nevertheless frequently tested contention of Max Weber, a leading thinker in the western religious anthropology. A nonchalant review warrants contextualization of Weber's work, his claim in the backdrop of his...

The efficiency of a financial intermediation system is assessed by its ability to achieve allocative efficiency, asset transformation and the subsequent economic development. In case of an Islamic Banking and Finance as an alternate financial intermediation system adherence to the injunction of...