A new financial model
“The development of alternative Islamic financial institutions with a focus on societal improvement”, this is the bedrock of an Islamic financial system that should seek to enhance economic welfare through equitable human development. I like the idea of having unique Islamic Foundations. Great care should be taken in defining the investment parameters and objectives of these foundations and establishing an appropriate regulatory framework to govern their operations. And all of this requires the full commitment and will of SBP officials, sitting in AC rooms for policy making.
Mobasher Zein Kazmi
karachi
