An English scholarly summary of the Urdu juristic analysis of paper money, sarf, and the permissibility of currency salam in contemporary Islamic banking.
An English scholarly summary of the Urdu paper addressing misconceptions about Islamic banking, deposits, the difference from conventional banking, KIBOR benchmarking, AAOIFI, and the development of the industry.
An English scholarly summary of the Urdu juristic and financial analysis of running musharakah as practiced by Pakistani Islamic banks and its comparison with conventional running finance.
An English scholarly summary of the Urdu paper critically examining modern economic theories used to justify interest, including waiting, time preference, compensation, production, exploitation, and classical theories.
An English scholarly summary of the Urdu Shariah study on the preservation of historic minority worship places and the construction of new ones in an Islamic state, with particular reference to Pakistan.
An English scholarly summary of the Urdu study on combining contracts as a tool of Islamic financial engineering, its juristic limits, and guidance for product development.
An English scholarly summary of the Urdu study on the classical law, economic rationale, and contemporary applications of salam financing, including parallel salam, currency salam, and salam sukuk.
An English scholarly summary of the Urdu comparative study of Imam Abd al-Wahhab al-Sha‘rani and Shah Waliullah on juristic disagreement, ijtihad, taqlid, and reconciliation among schools of law.
An English scholarly summary of the Urdu juristic study on contractual contingency, interdependent contracts, and their application in Islamic financial product structuring.
An English scholarly summary of the Urdu research paper on the structure, Shariah issues, and governance implications of tawarruq-based Islamic credit cards.
Pakistan’s Debt Story: Past, Present, and the Hope for the Future (Path to an Interest-Free Economy and National Recovery) ۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔ For Urdu Version – Click Here ………………….. Dr. Muhammad Abubakar Siddique School of Islamic banking and Finance International Islamic University Islamabad …………………………………………………………………………………………. June 13, 2026 ………………………………………………………………………………………. Why Are We Suffering from This Disease? When a Read More
پاکستان کی قرض کہانی : ماضی ، حال اور مستقبل کی امید (سود سے پاک معیشت اور قومی بحالی کا راستہ) ۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔ FOR ENGLISH VERSION OF THIS ARTICLE – Click Here ۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔ JUNE 13, 2026 ۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔ ڈاکٹر محمد ابوبکر صدیق اسکول آف اسلامک بینکنگ اینڈ فنانس انٹرنیشنل اسلامک یونیورسٹی اسلام آباد ۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔۔ مرض اور اس Read More
Lecture -1 Part-1: Product Innovation: Islamic Banking Vs. Conventional Banking Lecture Sketch – Click Here ……………………………………… Part-2: Combination of Contracts: Juristic Theoretical aspect and principles Reading Material: Main Basic Reading: Combination of Contracts by Mohammed Burhan Arbouna Supportive reading Urdu article : Combination of Contracts in Islamic Finance by M. Abubakar Siddique Lecture -2 Read More
Lecture-1: Foundations of Islamic Economics-Shariah Law ? Reading Material: Click Here Video Lecture: Click Here Lecture-2 & 3: Elements of Contracts: Offer & Acceptance Reading Material: Chapter from book: Islamic law of business Transaction by Dr. M. Tahir Mansuri Video Lecture: Click Here
Rashid A., Siddique M.A. (2021) Circular Economy, Green Economy, and Sustainable Development: Establishing the Interconnections and Discoursing the Role of Islamic Finance. In: Ali S.N., Jumat Z.H. (eds) Islamic Finance and Circular Economy. Gulf Studies, vol 5. Springer, Singapore.
Financial Engineering Product Innovation: Islamic Banks Vs Conventional Banks Lecture Sketch Muhammad Abubakar Siddique February 10, 2022 …………………………………………………………. Islamic Banks are more innovative as compare to their convectional counterpart. Conventional Banks (CBs) have only one mode of Loan upon which they engineer their all products and services. In fact, CBs do nothing but manipulate LOAN. Read More
What is Money Market? The money market is where financial instruments with high liquidity and very short maturities are traded. It is used by participants as a means for borrowing and lending in the short term, with maturities that usually range from overnight to just under a year. Among the most common money market Read More
Lecture-1 Part-1: Introduction to Money Market. How does Money market Work in Conventional Economics? Part-2: Conventional Money market Instruments Lecture-2 An Introduction to Conventional and Islamic Financial Systems Reading Link: Chapter-1 of book “Fundamentals of Islamic Money and Capital Markets” published by Wilay Video lecture link Lecture-3 Roles, Functions, and Structure of Financial Read More
Lecture -1 Part-1: Product Innovation: Islamic Banking Vs. Conventional Banking Lecture Sketch – Click Here ……………………………………… Part-2: Combination of Contracts: Juristic Theoretical aspect and principles Reading Material: Main Basic Reading: Combination of Contracts by Mohammed Burhan Arbouna Supportive reading Urdu article : Combination of Contracts in Islamic Finance by M. Abubakar Siddique Lecture -2 Read More
What is Maal in Islamic Economics? Muhammad Abubakar Siddique, Lecturer, Int’l Institute of Islamic Economics (IIIE), Int’l Islamic University, Islamabad. Muhammad.abubakar@iiu.edu.pk Website: https://islamicfina.com/ November 15, 2021 …………………………………………………………………………. Video Lectures of This Reading …………………………………………………………… Definition of Māl According to Hanfi & Malki jurists, māl is Read More
Istijrar in Islamic Finance – استجرار Muhammad Abubakar Siddique, Lecturer, Int’l Institute of Islamic Economics (IIIE), Int’l Islamic University, Islamabad. Muhammad.abubakar@iiu.edu.pk Website: https://islamicfina.com/ November 15, 2021 …………………………………………………………………………. Video Lectures of This Reading …………………………………………………………………………. Concept of Istijrar and Sharia starting point Literal roots of Read More
Risk in Islamic Finance Muhammad Abubakar Siddique, Lecturer, Int’l Institute of Islamic Economics (IIIE), Int’l Islamic University, Islamabad. Muhammad.abubakar@iiu.edu.pk Website: https://islamicfina.com/ Oct. 28, 2021 …………………………………………………………………………. Video Lectures of This Reading …………………………………………………………………………. What is Risk? In finance and banking, risk is defined as the Read More
Economic Capital and Regulatory Capital Muhammad Abubakar Siddique, Lecturer, Int’l Institute of Islamic Economics (IIIE), Int’l Islamic University, Islamabad. Muhammad.abubakar@iiu.edu.pk Website: https://islamicfina.com/ Oct. 28, 2021 …………………………………………………………………………. Video Lecture of This Reading …………………………………………………………………………. Economic Capital The size of economic capital of a bank serves Read More
International Workshop on Business Models in Islamic Microfinance” Jointly Organized by jointly organized by International Institute of Islamic Economics (IIIE) of International Islamic University Islamabad (IIUI) and Islamic Research and Training Institute (IRTI)/ Islamic Development Bank, Jeddah. (6-7 May 2014) Program Schedule Invitation Card
Islamic banking & Finance: A Paradigm shift” in Seminar on Islamic banking & Finance held by Faculty of Management sciences (FMS) at May 23, 2013, International Islamic University Islamabad, Pakistan.
“A Distinguish Lecture on Difference between Islamic and Commercial Banks: A Reality or Illusion? – June 24, 2021” organized by Department of Islamic Economy and Banking, University of Azad Jammu and Kashmir, King Abdullah Campus, Muzaffar Abad, Kshmir. Some Snaps from the event
“Building an Islamic Case for Open Markets, November 14-15, 2018” organized by International Institute of Islamic Economics (IIIE) in collaboration with Iqbal International Institute for research & Development (IRD), HEC Pakistan, and Islam & Liberty Networks, Islamabad. Announcement Brochure Program Schedule
“Thematic Workshop on Enhancing Poor’s Capability and Financial Inclusion from Islamic Perspective” organized by International Institute of Islamic Economics (IIIE) in collaboration with Islamic Research and Training Institute; a member of Islamic Development Bank Group, on 11th and 12th December 2017 at Quaid-e-Azam Auditorium, Old Campus, International Islamic University, Islamabad Program Schedule Gallery
Tawarruq and Commodity Murabahah Muhammad Abubakar Siddique, Lecturer, Int’l Institute of Islamic Economics (IIIE), Int’l Islamic University, Islamabad. Muhammad.abubakar@iiu.edu.pk Website: https://islamicfina.com/ Oct. 28, 2021 …………………………………………………………………………. Video Lecture of This Reading …………………………………………………………………………. Note: Before understanding you must have the concept of Buy-Back (Bay’ Inah) Read More
Banks, Risk Management and Objectives Muhammad Abubakar Siddique, Lecturer, Int’l Institute of Islamic Economics (IIIE), Int’l Islamic University, Islamabad. Muhammad.abubakar@iiu.edu.pk Website: https://islamicfina.com/ Oct. 28, 2021 …………………………………………………………………………. Part -1: Video Lecture of This Reading Part – 2: Video Lecture of This Reading Read More
How Does Central Bank Deal with Islamic banks? Muhammad Abubakar Siddique, Lecturer, Int’l Institute of Islamic Economics (IIIE), Int’l Islamic University, Islamabad. Muhammad.abubakar@iiu.edu.pk Website: https://islamicfina.com/ Oct. 11, 2021 …………………………………………………………………………. Video Lecture of This Reading ……………………………………………………………………………….. Central Bank’s Requirements from Banks (Conventional and Read More
Islamic bank’s Deposit Structure Muhammad Abubakar Siddique, Lecturer, Int’l Institute of Islamic Economics (IIIE), Int’l Islamic University, Islamabad. Muhammad.abubakar@iiu.edu.pk Website: https://islamicfina.com/ Oct. 11, 2021 …………………………………………………………………………. Video Lecture of This Reading ……………………………………………………………………………….. The Structure is based on the principle of Mudarabah and is strictly Read More
Finding of ILLAHs of Riba Muhammad Abubakar Siddique, Lecturer, Int’l Institute of Islamic Economics (IIIE), Int’l Islamic University, Islamabad. Muhammad.abubakar@iiu.edu.pk Website: https://islamicfina.com/ Oct. 11, 2021 …………………………………………………………………………. Video Lecture of This Reading ……………………………………………………………………………….. Will the Rules of Riba al-Fadl be applied on the Read More
Islam Vs. West: Resources and Desire Muhammad Abubakar Siddique, Lecturer, Int’l Institute of Islamic Economics (IIIE), Int’l Islamic University, Islamabad. Muhammad.abubakar@iiu.edu.pk Website: https://islamicfina.com/ …………………………………………………………………………. Efficient Use of Resources – PPF Curve A production possibility frontier (PPF) shows the maximum possible output combinations of two goods or services an economy can achieve when all resources Read More
Explanation of Hadith of Riba Al-Fadl Muhammad Abubakar Siddique, Lecturer, Int’l Institute of Islamic Economics (IIIE), Int’l Islamic University, Islamabad. Muhammad.abubakar@iiu.edu.pk Website: https://islamicfina.com/ …………………………………………………………………………. Video Lecture of of This article It would be good if you read some important concept before understanding the Riba (interest) – Click here ……………………………………………………………………………………………………………………………….. Definition of Riba Al-Fadl: عَنْ Read More
Some Important Concepts to Understand the Riba Muhammad Abubakar Siddique, Lecturer, Int’l Institute of Islamic Economics (IIIE), Int’l Islamic University, Islamabad. Muhammad.abubakar@iiu.edu.pk Website: https://islamicfina.com/ …………………………………………………………………………. Video Lecture of This Reading ……………………………………………………………………………….. What is Riba: According to Islamic Jurists except Ibn al-Qayyim, all Read More
Lecture-1: Conventional and Islamic Ideology about Economics, Banking and Finance: Paradigm shift. Click for Readings 1 – 2 – 3 – 4 Link of Video Lecture-Play List Lecture-2: Part – 1 : What is Riba? Pre-Requisite Concepts Link of Video – Play List Link of Reading Part – 2 : Hadith of Riba Read More
Corporate Governance Compiled and Edited by Muhammad Abubakar Siddique, Lecturer, Int’l Institute of Islamic Economics (IIIE), Int’l Islamic University, Islamabad. Muhammad.abubakar@iiu.edu.pk Website: https://islamicfina.com/ …………………………………………………………………………. Corporate governance Capitalism is thus called because it is a system organized around the production and allocation of capital. The savings of individuals are the basis of all capital. Read More
Corporations Compiled and Edited by Muhammad Abubakar Siddique, Lecturer, Int’l Institute of Islamic Economics (IIIE), Int’l Islamic University, Islamabad. Muhammad.abubakar@iiu.edu.pk Website: https://islamicfina.com/ …………………………………………………………………………. Before, we explain the corporate governance and its various characteristics, it would be better to understand first what is corporation? Corporation Origin of the Corporation During the early Middle Age, corporations Read More
What is Governance? Compiled and Edited by Muhammad Abubakar Siddique, Lecturer, Int’l Institute of Islamic Economics (IIIE), Int’l Islamic University, Islamabad. Muhammad.abubakar@iiu.edu.pk Website: https://islamicfina.com/ …………………………………………………………………………. Governance We live in a heterogeneous society. Not all individuals are alike, nor do they think alike. Had all of us thought or behaved in a similar fashion, there would Read More
Lecture-1 & 2: Introduction to Governance, History of Governance, Definition of Governance, What is governance? The Need of Governance and Utilization of Resources. Link of video Lecture Link for Reading Material Lecture- 3 & 4: 1. What is Corporation? History of Corporations Link of Video Lecture Link for Reading Material 2. Corporate Governance, Characteristics of Read More
Lecture-1 & 2: Conventional and Islamic Ideology about Economics, Banking and Finance: Paradigm shift. Click for Readings 1 – 2 – 3 – 4 Link of Video Lecture-Play List Lecture 3 & 4: Islam Vs. West: Resources and Desire (PPF Curve) Reading links – Click Here Lecture 5 & 6: Part-1 Principle Read More
Factors of Production in Islamic Economics by Dr. Muhammad Uzair
Lecture 1 & 2: Western and Islamic Ideology about Economics: Risk and Reward (A Paradigm Shift) Click here for Lecture Slides Reading links 1 – 2 – 3 – 4 Link of Video Lecture – Play List Lecture 3 & 4: Islam Vs. West: Resources and Desire (PPF Curve) Reading links – Click Read More
Professor Dr. Abdul Rashid secures the honor of supervising the first Ph.D thesis in Islamic Banking & Finance in Pakistan-Dr. Muhammad Khaleequzzaman. Here are the links of Ph.D dissertations, he has supervised. 1. Dr. Muhammad Khaleequzzaman An Analysis of Shariah Legitimacy of Islamic Banking Practices in Pakistan 2. Dr. Syed Muhammad Abdul Rehman Read More
Professor Dr. Abdul Rashid is an icon of excellent research in Islamic banking and finance along with its conventional counterpart and got ranked among world best 2% researchers by Stanford University, USA. Currently, he is serving as Director General of esteemed International Institute of Islamic Economics (IIIE), International Islamic University Islamabad. He has completed his Read More
Bivariate analysis Bivariate analysis is one of the simplest forms of quantitative (statistical) analysis. It involves the analysis of two variables (often denoted as X, Y), for the purpose of determining the empirical relationship between them. Bivariate analysis can be helpful in testing simple hypotheses of association. Bivariate analysis can help determine to what extent Read More