Could 2024 mark Pakistan’s economic turnaround moment?
|JANUARY 09, 2024 This page in: After a commendable period of uninterrupted decline in poverty rates, Pakistan’s economy is now facing one of its worst crises . Poor policy choices combined […]
World’s five richest men double their money as poorest get poorer. ZAKAT IS THE ANSWER
Oxfam predicts first trillionaire within a decade, with gap between rich and poor likely to increase Rupert Neate Wealth correspondent @RupertNeateMon 15 Jan 2024 Demonstrators in Davos on Sunday. A wealth […]
The many faces and deprivations of poverty
EHTESHAM SHAHID January 13, 2024 The Asian Development Bank’s 2023 report, “Key Indicators for Asia and the Pacific,” explains the persistently relevant subject of poverty as one that “goes beyond […]
Pakistan economy: Price spikes, political woes hit millions
bbc.com By Anbarasan Ethirajan BBC News Daily-wage labourer Asif Maseeh wakes up each day wondering how he will feed his family of seven. “We just pray to God that we’ll […]
Gaza war a threat to fragile world economy, analysts warn
According to the World Bank’s latest Commodity Markets Outlook, the conflict’s effects on global commodity markets have been limited so far. Overall oil prices have risen about 6 percent since […]
Future of AI (Artificial Intelligence): What Lies Ahead?
By Nikita Duggal Last updated on Nov 6, 2023 Table of Contents Growth of AI What Did the Future of AI Look Like 10 Years Ago? Evolution of AI Future of Artificial […]
Nations where 3.3bn live spend more on debt than health, schools
Almost half of humanity lives in countries that spend more servicing interest on debt than health or education, UN says. Published On 13 Jul 2023 Approximately 3.3 billion people – […]
JP Morgan’s Jamie Dimon warns world facing ‘most dangerous time in decades’
By Tom Espiner & Natalie Sherman BBC News The world may be facing “the most dangerous time… in decades”, bank boss Jamie Dimon has warned. The chief executive of JP […]
A tragedy is unfolding in the poorest countries
Sep 25,2023 – JORDAN TIMES By Indermit Gill and M. Ayhan Kose WASHINGTON, DC — The poorest countries are in desperate straits, and the rest of the world is looking […]
Why Is the Pakistani Economy Imploding Now
PODCASTS As Pakistan’s inflation rate soars, retired US Treasury economist Nasir Khilji discusses the country’s dire economic crisis with editor-in-chief Atul Singh. The two dive deep into history and envisage […]
The Islamic Perspective on Debt and the Current Banking Crisis: Lessons and Cautionary Tales
Islam, Geld und Wohlstand Newsletter zum Buch – Deutsch/German ! Monthly newsletter The Islamic Perspective on Debt and the Current Banking Crisis: Lessons and Cautionary Tales Michael Gassner Head of Islamic […]
Natural disasters make people more religious
Epigraph When trouble befalls man he cries out to Us, whether lying on his side, sitting, or standing, but as soon as Werelieve him of his trouble he goes on […]
Standing on its own feet
Standing on its own feet Mansoor Hassan Khan Published May 11, 2023 LISTEN TO ARTICLE1x1.2×1.5x ACCORDING to the Economic Affairs Division (EAD), as of June 30, 2022, the total external public debt of […]
IMF warns of ‘doomsday cycle’ risk
BY KEREM ALKIN APR 20, 2023 – DAILY SABAH In most of the world’s leading economies, increasing problems in the banking system, the asset-liability balance of the balance sheets, and […]
Malaysia’s new dawn?
Jan 11,2023 – JORDAN TIMES / M. Niaz Asadullah and Andrew Kam Jia Yi KUALA LUMPUR — In 2007, on the 50th anniversary of Malaysia’s independence, Nobel laureate economist Joseph […]
Are economists to blame for economic crises?
ANGUS DEATON December 26, 2022 As 2023 approaches, it is clear that an ever-growing number of people hold democratic capitalism in disrepute, and economists along with it. But how much […]
Tackling the pandemic of debt
JOSE ANTONIO OCAMPO December 23, 2022 Short Url The COVID-19 pandemic increased low and middle-income countries’ debt levels to a 50-year high. With soaring inflation, rising interest rates and the […]
Pakistan in dire straits: Dawn
Editorial Notes The paper says mass layoffs seems almost inevitable, which will fuel even more social upheaval and public dissatisfaction. DEC 20, 2022 ISLAMABAD – With the government left with […]
Halal sector has bright future ahead: US-based economist
BY DAILY SABAH WITH AA ISTANBUL NOV 26, 2022 Halal products line a display at the 8th World Halal Summit and the 9th Organization of Islamic Cooperation (OIC) Halal Expo Fair […]
The content mind is a perpetual feast: Islamic teachings during economic crises
11th November 2022 Jazib Mehmood, Student, Jamia Ahmadiyya Ghana The Holy Prophetsa once stated: الْقَنَاعَةُ كَنْزٌ لَا يَفْنَى Meaning, “Contentment is a never-ending treasure.” (Az-Zuhd al-Kabir by Baihaqi, p. 88 [1996]; Mirqat-ul-Mafatih, hadith 5170, […]