Contents contributed and discussions participated by Riffat Mughal - Halal Tamweel

Islamic Credit Cards: A Necessity or Luxury - 0 views

Riffat Mughal on 22 Oct 11

Islamic never encourages one to become indebted unless it is necessary. Following Ahadith show the viewpoint of Islam on debt creation, especially while it is beyond one's capacity to repay and to what extent it should be avoided and used to meet only one's necessary requirements.

<div class="cArrow"> </div><div class="cContentInner">Islamic never encourages one to become indebted unless it is necessary. Following Ahadith show the viewpoint of Islam on debt creation, especially while it is beyond one's capacity to repay and to what extent it should be avoided and used to meet only one's necessary requirements. </div>

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Shariah Finance: An Alternative In The Making - 0 views

Riffat Mughal on 22 Oct 11

While clinging to its present marginal position in the mainstream of global financial markets, Islamic banking and Islamic finance has a long way to go to transform itself into a major player, mainly through standardization, uniformity, governance, transparency and innovation, in addition to consolidation.

<div class="cArrow"> </div><div class="cContentInner">While clinging to its present marginal position in the mainstream of global financial markets, Islamic banking and Islamic finance has a long way to go to transform itself into a major player, mainly through standardization, uniformity, governance, transparency and innovation, in addition to consolidation.</div>

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Fish exports surge by 9.83pct in 1QFY11-12 - 0 views

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Fish exports surge by 9.83pct in 1QFY11-12

shared by Riffat Mughal on 20 Oct 11 - No Cached

Riffat Mughal on 20 Oct 11

ISLAMABAD: Exports of fish and fish preparations increased by 29.83 percent during the first quarter of financial year (2011-12) compared to the exports of the same period of last year.

<div class="cArrow"> </div><div class="cContentInner">ISLAMABAD: Exports of fish and fish preparations increased by 29.83 percent during the first quarter of financial year (2011-12) compared to the exports of the same period of last year.</div>

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Asian shares lower, euro capped ahead of Europe summit - 0 views

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Asian shares lower euro capped ahead of Europe summit

shared by Riffat Mughal on 20 Oct 11 - No Cached

Riffat Mughal on 20 Oct 11

TOKYO: Riskier assets across the board from stocks, metals and commodity currencies fell on Thursday as investors grew wary about taking risks ahead of a key European leaders' summit on Sunday.

<div class="cArrow"> </div><div class="cContentInner">TOKYO: Riskier assets across the board from stocks, metals and commodity currencies fell on Thursday as investors grew wary about taking risks ahead of a key European leaders' summit on Sunday.</div>

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APCNGA assures CNG supply to public transporters - 0 views

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APCNGA assures CNG supply to public transporters

shared by Riffat Mughal on 20 Oct 11 - No Cached

Riffat Mughal on 20 Oct 11

ISLAMABAD: The All Pakistan Compressed Natural Gas Association (APCNGA) has given assurance to the government to continue CNG supply to public transport during CNG gas holidays.

<div class="cArrow"> </div><div class="cContentInner">ISLAMABAD: The All Pakistan Compressed Natural Gas Association (APCNGA) has given assurance to the government to continue CNG supply to public transport during CNG gas holidays.</div>

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SSGC step up to ensure sufficient gas in winter - 0 views

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SSGC step up to ensure sufficient gas in winter

shared by Riffat Mughal on 20 Oct 11 - No Cached

Riffat Mughal on 20 Oct 11

ISLAMABAD: Sui Southern Gas Company (SSGC) is utilizing its all resources so that it can ensure adequate supply of gas in winter.

<div class="cArrow"> </div><div class="cContentInner">ISLAMABAD: Sui Southern Gas Company (SSGC) is utilizing its all resources so that it can ensure adequate supply of gas in winter.</div>

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Foreign Selling may pressurize KMI today - 0 views

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Foreign Selling may pressurize KMI today

shared by Riffat Mughal on 20 Oct 11 - No Cached

Riffat Mughal on 20 Oct 11

KARACHI: Result season is going to bring interest in refinery, exploration, banking and fertilizer stocks. Blue chips results might bring a positive momentum in the market. High dividend yielding stocks will remain in limelight. Market is expected to be range bound today as foreign institutional selling make investors cautious.

<div class="cArrow"> </div><div class="cContentInner">KARACHI: Result season is going to bring interest in refinery, exploration, banking and fertilizer stocks. Blue chips results might bring a positive momentum in the market. High dividend yielding stocks will remain in limelight. Market is expected to be range bound today as foreign institutional selling make investors cautious.</div>

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Pakistan cotton rates remain intact - 0 views

Riffat Mughal on 19 Oct 11

KARACHI: Cotton prices in Pakistan on Tuesday remained intact due to persistent phutti arrivals, dealers said.

<div class="cArrow"> </div><div class="cContentInner">KARACHI: Cotton prices in Pakistan on Tuesday remained intact due to persistent phutti arrivals, dealers said.</div>

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PM lays Foundation Stone of Bhasha Dam - 0 views

Riffat Mughal on 18 Oct 11

CHILAS: Prime Minister Syed Yusuf Raza Gilani Tuesday laid foundation stone of the US 12 billion dollar Diamir Bhasha dam that would generate 4500 MW electricity and store over 8 Million Acre Feet of water to meet country's growing power and irrigation needs.

<div class="cArrow"> </div><div class="cContentInner">CHILAS: Prime Minister Syed Yusuf Raza Gilani Tuesday laid foundation stone of the US 12 billion dollar Diamir Bhasha dam that would generate 4500 MW electricity and store over 8 Million Acre Feet of water to meet country's growing power and irrigation needs.</div>

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Pakistan Islamic Banking windows total assets surge by 27.28pct - 0 views

Riffat Mughal on 18 Oct 11

KARACHI: Pakistan's Islamic banking windows of conventional banks continued to grow during the first half of the calendar year 2011 (1HCY11) with improved asset base. Total assets grew by 27.28 percent during the first half as the Islamic banking windows total assets stood at Rs 189.990 billion.

<div class="cArrow"> </div><div class="cContentInner">KARACHI: Pakistan's Islamic banking windows of conventional banks continued to grow during the first half of the calendar year 2011 (1HCY11) with improved asset base. Total assets grew by 27.28 percent during the first half as the Islamic banking windows total assets stood at Rs 189.990 billion. </div>

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4 Ways to Earn - 0 views

Riffat Mughal on 18 Oct 11

During these hard economic times, meeting ends meet comfortably is no doubt a big deal. Everyone knows that we are going through a recessionary period and things are not as bright as they used to be.

<div class="cArrow"> </div><div class="cContentInner">During these hard economic times, meeting ends meet comfortably is no doubt a big deal. Everyone knows that we are going through a recessionary period and things are not as bright as they used to be. </div>

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Egalitarian Objectives & Present State of Islamic Finance - 0 views

Riffat Mughal on 18 Oct 11

There are 5 full-fledged Islamic banks operating in Pakistan and 15 conventional banks with Islamic banking branches. The growth in Islamic finance industry has been consistently in double digits. The share of the industry in the banking system has risen to over 7 percent from just 0.5 percent in 2002.

<div class="cArrow"> </div><div class="cContentInner">There are 5 full-fledged Islamic banks operating in Pakistan and 15 conventional banks with Islamic banking branches. The growth in Islamic finance industry has been consistently in double digits. The share of the industry in the banking system has risen to over 7 percent from just 0.5 percent in 2002. </div>

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Islamic Finance: Need for a Paradigm Shift - 0 views

Riffat Mughal on 18 Oct 11

The original concept of Islamic finance is undoubtedly in favor of equity participation rather than creation of debts because it is only equity participation that brings an equitable and balanced distribution of wealth in the society.

<div class="cArrow"> </div><div class="cContentInner">The original concept of Islamic finance is undoubtedly in favor of equity participation rather than creation of debts because it is only equity participation that brings an equitable and balanced distribution of wealth in the society.</div>

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Shariah Compliance: A Human Resource Perspective - 0 views

Riffat Mughal on 18 Oct 11

Investment in stocks is permissible in Islam. However, forwards, futures, options, swaps, short selling etc in stock trade cannot be used.

<div class="cArrow"> </div><div class="cContentInner">Investment in stocks is permissible in Islam. However, forwards, futures, options, swaps, short selling etc in stock trade cannot be used.</div>

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FDI falls 49pct in July-Sept - 0 views

Riffat Mughal on 18 Oct 11

KARACHI: The foreign investment plunged enormously by 49 per cent to $236 million in the first quarter (Jul-Sep) of the current fiscal 2012, according to the latest statistics released by State Bank of Pakistan (SBP).

<div class="cArrow"> </div><div class="cContentInner">KARACHI: The foreign investment plunged enormously by 49 per cent to $236 million in the first quarter (Jul-Sep) of the current fiscal 2012, according to the latest statistics released by State Bank of Pakistan (SBP).</div>

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Bhasha dam foundation stone to be laid today - 0 views

Riffat Mughal on 18 Oct 11

ISLAMABAD: Foundation laying stone of Diamir Bhasha dam will be held on Tuesday (today). President Asif Ali Zardari will be the chief guest of groundbreaking ceremony.

<div class="cArrow"> </div><div class="cContentInner">ISLAMABAD: Foundation laying stone of Diamir Bhasha dam will be held on Tuesday (today). President Asif Ali Zardari will be the chief guest of groundbreaking ceremony. </div>

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Dubai Islamic Bank launches Al Islami Emerging Cappuccino Certificate - 0 views

Riffat Mughal on 18 Oct 11

UAE: Dubai Islamic Bank (DIB) announced on Monday the launch of the Al Islami Emerging Cappuccino Certificate, a four-year Islamic certificate backed by Sharia-compliant assets.

<div class="cArrow"> </div><div class="cContentInner">UAE: Dubai Islamic Bank (DIB) announced on Monday the launch of the Al Islami Emerging Cappuccino Certificate, a four-year Islamic certificate backed by Sharia-compliant assets. </div>

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Persistent buying pushes cotton prices up - 0 views

Riffat Mughal on 18 Oct 11

KARACHI: Mills continuous buying at Pakistan cotton market push prices up on Monday. The Karachi Cotton Association (KCA) official spot rate increased by Rs 50 traded at Rs 6,300 while physical prices of fine lint were above Rs 6,600 and Rs 6,350 per maund, dealers said.

<div class="cArrow"> </div><div class="cContentInner">KARACHI: Mills continuous buying at Pakistan cotton market push prices up on Monday. The Karachi Cotton Association (KCA) official spot rate increased by Rs 50 traded at Rs 6,300 while physical prices of fine lint were above Rs 6,600 and Rs 6,350 per maund, dealers said. </div>

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Pakistan gold prices steady - 0 views

Riffat Mughal on 18 Oct 11

KARACHI: Gold rates remained steady on Monday in major bullion markets of the cities. Gold prices in Karachi recorded at Rs. 55,500 per tola (11.66 grams). The price of 10 grams gold was recorded at the level of Rs. 47,571.

<div class="cArrow"> </div><div class="cContentInner">KARACHI: Gold rates remained steady on Monday in major bullion markets of the cities. Gold prices in Karachi recorded at Rs. 55,500 per tola (11.66 grams). The price of 10 grams gold was recorded at the level of Rs. 47,571. </div>

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Govt to announce SBP governor name today - 0 views

Riffat Mughal on 18 Oct 11

KARACHI: Government is likely to announce the name of State Banks Governor today as the deadline for appointing a governor of central bank has been expired on Monday.

<div class="cArrow"> </div><div class="cContentInner">KARACHI: Government is likely to announce the name of State Banks Governor today as the deadline for appointing a governor of central bank has been expired on Monday.</div>

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