November 2022

Islamic Banking Versus Conventional Banking – A Comparative Study

Financial System & Institutions /

Introduction to Islamic and Conventional banking: “Islamic banking is an Ethical and principled Banking System, and its practices are grounded on Islamic principles of Shariah laws. Interest in completely prohibited in Islamic banking. It is an asset based financing, in which trade of elements are prohibited by Islam and are not allowed. For example, you cannot […]

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Market Economy

Economic Policies /

Introduction to Market economy: A market economy is an economic system where two forces, known as supply and demand, direct the production of goods and services. Market economies are not controlled by a central authority like a government and are instead based on voluntary exchange.  In market economy the decisions regarding investment, production and distribution to

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Poverty Alleviation 2

Socio Economic /

In the previous article we read that Poverty reduction can be attained by stimulating economic growth to increase incomes and expand employment opportunities for the poor; undertaking economic and institutional reforms to enhance efficiency and improve the utilization of resources; prioritizing the basic needs of the poor in national development policies. While continuing to this subject

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Poverty Alleviation

Socio Economic /

Poverty Alleviation Programs aims to reduce the rate of poverty in the country by providing proper access to food, monetary help, and basic essentials to the households and families belonging to the below the poverty line. Eradicating poverty in all its forms and dimensions, including extreme poverty, is the greatest global challenge and an indispensable requirement

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Causes of Poverty

Socio Economic /

To understand root causes of poverty, it is easy to understand in a way for example, If you need to feed your family, travel to work and from work to home, and get your child school items. But you only have $1.90 in your pocket. It looks like an impossible situation. But it’s reality for

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Poverty and Types of Poverty

Socio Economic /

What is Poverty?: Poverty refers to a lack of wealth or income such that individuals and households do not have the means to subsist or acquire the basic necessities for a flourishing life. This means being so poor as to struggle to obtain food, clothing, shelter, and medicines. Also a poor person is not able to

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The History of Money

Financial System & Institutions /

The history of money is interesting and it goes back thousands of years. Long ago money was created, people were quite satisfied making, doing, and growing things for one another. In small communities, they could largely remember the payments and receipts of what was exchanged. Keeping tabs or tallies of these exchanges helped with the

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