Youth Empowerment for the Development and Defense of Madina State

Youth Empowerment has always been an icon of progressive process where young people are encouraged to peep into their future. It is not limited to develop individuals rather to formulate a great community change which rely on the development of individual capacity. Having dazzling achievements on its dimensions, the evolution of Islam flourished due to the youth’s inspiring role for the cognitive development in every sphere of life. The Holy Prophet (ﷺ) explored his young companions’ access to their resources, then transformed their consciousness, intellect and ensured their empowerment to promote traditional, moral and theological values. Its aim has always been to improve one’s quality of life in social, economic, socio-political and even war fares as well. Enhance to companions young his empowered (صلى الله عليه وسلم) Prophet Holy The their belief in self-efficacy in various territories. They battled against their contemporary challenges to meet positive sense of self-control, decision making skills, moral system of beliefs and pro-social connectedness. All these have numerous instances for their substantiations. The present research paper will substantiate the young companions’ pivotal efforts in the early age of Madīnah city to promote Islamic norms, their key role in battles, compilation of Qur’ān and Ḥadīth and various other significant defensive roles performed by the youth of that era after given powers by that highlight also will paper research present The. (صلى الله عليه وسلم) Prophet Holy the how the youth of today can empower itself to utilize their perceptive. (صلى الله عليه وسلم) Prophet Holy of companions young by archives set the from app

Risk Management in Islamic Banking: Throwing Caution to the Wind or Playing It Safe.

Effective risk management is essential for the growth and safety of the banks, either Islamic or conventional, and its importance is increasing over time, particularly after the great recession. Although risk management in Islamic banking is one of the major concerns of the sector, it is still an under-researched area of study, especially in the local context. Effective risk management in Islamic banking deserves priority attention unless the sector establishes its own genuine risk management architecture. Therefore, the study of risk management issues of the Islamic banking sector is an important but complex area, in the age of black swans, difficulties and complications.This study reviews the relevant literature on Islamic banking risk management from diverse methodological strands and synthesizes its conclusions to make an addition to the available literature. This study adopts a mixed method sequential triangulation methodology in which qualitative research is followed by quantitative research, where both research designs carry equal weight. The sample of the study consists of five full-fledged Islamic banks and sixteen conventional banks with Islamic windows in Pakistan. The study collects and analyze primary data. It is conducted in two sequential phases to achieve the study goals. Firstly, this study develops a qualitative system dynamic model by using system thinking approach to sketch causal relationships among risk management policies and various types of Islamic banking risks. For this purpose, primary data is collected from the experts of the field through semi-structured interviews. This system dynamic model provides a detailed and comprehensive explanation of the risk management structure of Pakistani Islamic banking institutions. Quantitative research is conducted in the second phase of the study to evaluate and examine some vital facets of risk management policies that are in practice in the Pakistani Islamic banking institutions. To achieve this objective, the study utilizes survey method using self-administrated questionnaires for data collection and performs descriptive statistics, regression and correlation analysis to answer the research questions. According to the results, it is vital for Islamic Banking Institutions to develop an effective risk management framework for identifying, analyzing, measuring, monitoring and controlling various important conventional and non-conventional risks. Furthermore, by considering the principles and guidelines provided by the State Bank of Pakistan, development of a rigorous and comprehensive risk management structure in the Pakistani Islamic banking Institutions is not only useful for the fulfilment of regulatory requirements, but it is also vital for the success and survival of these institutions. It should also be noted that the findings of the study have policy-making implications which could benefit regulatory bodies, academia, policymakers, practitioners, Shariah scholars and institutional stakeholders.