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Riba Free Economy in Pakistan-Sectoral Analysis

Thesis Info

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Author

Muhammad Arif

Program

PhD

Institute

University of Education

City

Lahore

Province

Punjab

Country

Pakistan

Thesis Completing Year

2015

Thesis Completion Status

Completed

Subject

Bussiness & Management

Language

English

Link

http://prr.hec.gov.pk/jspui/bitstream/123456789/10025/1/Muhammad_Arif_Commerce_2015_Univ_of_Education_13.06.2016.pdf

Added

2021-02-17 19:49:13

Modified

2024-03-24 20:25:49

ARI ID

1676724989656

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The thesis describes historical background and steps taken by the Govt. of Pakistan for Islamization of economy. The purpose of this research is to develop A MODEL OF RIBA FREE ECONOMY IN PAKISTAN-SECTORAL ANALYSIS. This research is more inclined towards Islamic way of life needs to find out the principles, Qur‟anic and Hadith support. A brief review has been made about Riba to start with. To establish footing for the research, review of literature was made. The Islamic banking system in Pakistan has also been introduced. The concept of takaful (Islamic insurance) has been explained. As Riba free banking was introduced from 1999, therefore the data was taken from 1999 to 2012. To give empirical evidence two Stage Least Square (2SLS) techniques to estimate structural equations has been used. As the data was time series, so we checked for stationarity through unit root tests. The focus of our research and model has been on the possible impact of Riba free economy on savings, investments, growth rate and its pattern, allocative efficiency and the overall stability of the Islamic economic system. This research recommends that a Riba free economy in Pakistan will have positive effects on the economy. The results of the model show that consumption, investment and GDP are positively related and statistically significant in a Riba free economy in case of Pakistan.
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103. Al-Asr/The Time

103. Al-Asr/The Time

I/We begin by the Blessed Name of Allah

The Immensely Merciful to all, The Infinitely Compassionate to everyone.

103:01
a. By the Passage of Time.

103:02
a. Indeed, human being is in a constant danger of great
loss -

103:03
a. except for those who:
- believe, and
- practice righteousness, and
- motivate one another to the truth, and
- urge one another to steadfastness during the trials that befall.

کتاب التجرید میں امام قدوری کا منہج و اسلوب

Since the creation of this world, there have been disagreements in different matters among mankind. Technically, difference in opinion is of two kinds. One is Invalid or unpleasant disagreement; which has no valid reasoning and it bases on other evil objectives. While the other one is valid or pleasant disagreement; which bases on valid reasoning. The second one is also known as healthy disagreement. The disagreements among Islamic Scholars, ‘Ulamā and fuqahā relates to the second kind; valid disagreements, because they are established on valid reasons and evidences. They are also considered as a blessing for mankind. That is why these scholarly and fiqhī disagreements are always deeply admired. An important book scholarly written on the subject matter is ‘Kitāb al Tajrīd’ by Imām Qudūrī. This article is an introduction to his book ‘Kitāb al Tajrīd’ and its style. It is a distinct and excellent book of its kind. The features of the book motivate to discuss about it.

Measuring Students’ Satisfaction Level on Learning Facilities at the Universities in Pakistan

This research was designed to measure students’ satisfaction with learning facilities at universities level in Pakistan. The major objectives of the study were; i) to find out students’ satisfaction level on learning facilities in universities; ii) to find out the gaps between desired and available learning facilities for the students. The population of this work consisted of the students of the universities working in public sector. Multiple stage random sampling technique was used to select the sample. The students of eleven (11) general universities were randomly selected for this study; 4 from the Punjab, 2 from Sindh, 2 from Khyber Pakhtoon Khawa, 1 from Baluchistan and 2 federally administered universities. Total sample comprised of 1320 students from 6 disciplines of social sciences. Two research tools were used to collect the required information; one was survey questionnaire based on 3-point Likert-scale having two major options on satisfaction and importance, second tool was group interviews having questions on four learning facilities with leading questions. The group interview helped to find out information not accessed by the survey questions. This study focused only on four learning facilities; curriculum, teaching faculty, classrooms, and library. Before giving final shape to the questionnaire its reliability was assured with the help of internal consistency method and validity by getting expert opinions as well as construct validity by calculating correlation values among items and variables. It took three steps to bring the questionnaire into final shape. Levels of satisfaction and importance were measured by giving range to mean values. The study concluded that the respondents level of satisfaction was moderate on four learning facilities while have indicated high level of importance to three facilities. The study also concluded that the respondents were more satisfied on courses provided by the universities among the measured learning facilities while less satisfied to classroom facilities. With respect to importance the respondents have given more importance to teaching facility and less to the courses. It is recommended that government, administrations as well as teachers should adopt necessary measures to look into the matter to more satisfy students. The need to improve and appropriate training has also surfaced as a result of this investigation. Lack of students’ satisfaction with facilities could be a factor among youth decisions to avail the chance to study in other country and study elsewhere.