آنکھ سے دُور سہی، دل کے قریں رہنے دے
میری ہر سانس میں تو خود کو مکیں رہنے دے
میں کہ اک عکس ہوں گمنام سا پس منظر ہوں
کب کہاں کیسے کسی طور کہیں رہنے دے
اک نظر مجھ پہ مرے ماہِ منیر ایسی ہو
کب طلب میں نے کیا زر یا نگیں، رہنے دے
میں ہوں اس قافلۂ عشق سے بچھڑا راہی
میرا کب ٹھور ٹھکانہ ہے کہیں، رہنے دے
تجھ سے منسوب ہوئی، تجھ سے ہی منسوب رہوں
غیر کے آگے جھکے گی یہ جبیں، رہنے دے
دل میں یا آنکھ میں یا دستِ حنائی میں فضاؔ
تیری مرضی ہے جہاں چاہے، وہیں رہنے دے
Humanity is not immortal and suffers from accidents and disaster. These dangers may exist in the present or future and humans are compelled to face all kinds of dangers. So human beings have always been taking measures to overcome the dangers. Islam also allows for adopting different methods to overcome and indemnify all expected disasters but that methods should be in sharia limitations. Takaful is that kind of method that is practised in Muslim world. Takaful companies are offering takaful policies on the basis of Wakala, Waqf, Modharba and Hybrid models. This article makes awareness about a model of takaful, “Modharba model”. It explains the takaful Modharba model in the parameters of actual Introduction conditions and sharia bases of modharbat. It is resulted that this model has great contradiction with the concept of actual sharia modharbat. Many sharia concerns are found in this model that’s why this model is not suitable for Takaful. Takaful should be on the basis of pure Tabarrou. In which people help one another on the basis of mutual assistance and cooperation not because of just their own benefits.
The study is based upon examining and evaluating the performance of Singapore banking sector and its experience in terms of lesson to be learned for Pakistan banking sector. The major objective of this study is to assess structure conduct and performance of banking sector. In this regard, the theoretical framework was reviewed on historical background, which was further elaborated and synchronized in the shape of objectives as well as hypotheses. The study focused upon assessing Singapore banking structure, conduct and performance, which is further analyzed in (SCP) model known as structure conduct performance paradigm. This paradigm examines the relationship of Structure with Conduct as well as Performance.1 This research is mainly geared to critically analyze the performance of Pakistan banking sector with Singapore banking industry, which has been measured on the basis of six parameters of financial soundness indicators (FSI’s). The soundness of a country’s financial sector can be measured and monitored with the help of these statistical measures of FSI’s. The key indicators of FSI’s are:Capital Adequacy, Asset quality, Profitability, Liquidity of banks, and Sensitivity to market risk. Over 20 international financial crises arose between 1970- 1998. The Asian crises of 1997 are widely perceived as the triggers that prompted reorganization of need for a new financial stability data source. Consequently, the FSI project grew out of the need for better data and tool to monitor financial risk and vulnerabilities of national financial system. These indicators developed by International Monetary Fund (IMF), the World Bank and Bank for International settlement (BIS) to supporting macro-prudential analysis and evaluate the resilience and exposure of financial system. This study as a subjectivity pinpoints the financial soundness indicators of banking sector in Singapore and it also reflects as a mandatory part of research for banking sector of Pakistan.