Jefss

The Role of Shariah Board in Islamic Banks: Evidence from Pakistan, Bahrain, Qatar and Bangladesh

2023-01-17T02:32:30+00:00

This study theoretically explains Shari’ah role in supervising the Islamic banks in countries including Bahrain, Pakistan, Qatar and Bangladesh. This study will discuss the roles and responsibilities of the Islamic banks working under their central banks. The criteria of this study is appointment of the Shari’ah board, qualification of the Shari’ah board, role of the Shari’ah board and Shari’ah governance, legal structure and remuneration of the Shari’ah board members. This study is qualitative study and in this we have explained individually country wise their role and comparison between them. At the end it is suggested that Shari’ah board in Bangladesh is not strong enough, there should be more defined rules and responsibilities of Shari’ah board and also there should be proper defined criteria for hiring of Shari’ah board.

Maqāsid al-Shariʻah and Islamic Finance

2023-01-17T02:48:43+00:00

In this paper we have discussed the basic theme of the Religion and its role in Society. There are many scholars who are religious compliant and they have discussed the rationality of it. While there are many who are irrational about the religious belief. Everyone has their own belief and they have their own logical answers to it. It is not compulsory for everyone to believe in it. The irrational people demand logical and scientific results for any belief while rational people who have belief in religion have their own experiences which cannot be prove through scientific results. If someone have faith in religion and it’s not harmful for the society while it have good effect on society it should not be considered bad. And we have discussed the protection of wealth which is main objective of the Maqasid al Shari’ah and its complaint with the Islamic finance and application of Islamic finance with maqasid al shari’ah.

Liquidity Risk Management in Islamic Banking Institutions: A Comparative Study between Malaysia and Pakistan

2023-01-17T03:02:20+00:00

This study compares the liquidity risk management between IBI’s of Malaysia and Pakistan. An investigative approach was taken to know about the significance of ROA, ROE, CAR, SOB, and NWC with liquidity risk management of both countries. The data is collected for the period of 2010-2016 from secondary sources. The results are derived using descriptive, correlation and regression analysis. The results explained that there is a positive and insignificant relationship of ROE of IB’s of Malaysia and NWC of IB’s of Pakistan with liquidity risk. Also it shows that there is negative and insignificant relationship of CAR with liquidity risk in model1 but significant in model 2. SOB is negative but significant in IB’s of Malaysia but insignificant in IB’s of Pakistan. ROA of IB’s of Pakistan is positive and insignificant but negative and insignificant in IB’s of Malaysia. ROE of model 2 is negative but insignificant.

A Critical Study of Electioneering Strategies of Jamaat-e-Islami Pakistan and Its Impacts: 1970-2008

2023-02-12T16:16:04+00:00

The Jamaat-e-Islami Pakistan (JIP) is one of the leading political parties of Pakistan deeply rooted in an Islamic ideology and it exercises deep influence in the political system. The arrest of Jamaat's leaders in 1950 forced the party to participate in active politics. This study focuses on Jamaat's election strategies of alliance politics, solo flight and boycott of elections and overall impacts upon JIP electoral politics. Jamaat-e-Islami enjoys great popularity across the country due to its Islamic ideology and social services, yet the party failed to translate its popularity into power of ballot, despite taking strong political stances. The party’s policy to attract the voters on religious and sociological issues has been analyzed in the light of Sociological Theory. The voting behavior to support the parties that match their religious, cultural and social needs, as prescribed in Sociological Theory, has been exposed with the historical study of the Jamaat's electoral politics. The primary data is collected by conducting interviews of political activists, and secondary sources that discussed the electoral politics in Pakistan. Election results have been assessed to know the causes of failure or success of Jamaat. The study applies both qualitative and quantitative methods to a scholarly study of electoral politics of Jamaat.

The Mediatization of Sufism: A Content Analysis of Urdu Newspapers

2023-02-12T16:21:51+00:00

This research intends to examine and analyze the coverage of Sufism in Urdu newspapers of South Punjab, Pakistan. For this purpose, our study applied qualitative measures to investigate feature writings of national newspapers published from the city of saints, Multan. To provide a comprehensive picture of Sufi publications, this study analyzed special editions printed at the occasions of ‘Urs’ in three leading newspapers, Jang, Nawa-i-Waqt and Khabrain, to contribute to the contemporary studies of religion and news press. We randomly selected two years of new millennium to examine the content and presentation of Sufism in print media. In this period, 27 editions were published to cover prominent local and foreign Sufis. The study found that most of the publications focused on hagiographical writings, however, on some extent, we found features of Sufi poetry and its explanations as well. These writings presented Sufis’ religious, social and political achievements, and spiritual triumphs to disseminate Sufist ideology among the folks. Paying tribute to Sufis, these writings drew a holy picture of saints and presented them as successful men of mundane and eternal life. In this background, this research study, with its results, is an important addition for better understanding of the association of religion and media.