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Islam. Islamic banking, Islamic finance ( Arabic: مصرفية إسلامية masrifiyya 'islamia ), or Sharia-compliant finance [1] is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics.
Furthermore, the IBA-SBP Consumer Confidence Index recorded its highest-ever level of 174.9 points in January 2017, showing an increase of 17 points from July 2016. Separately, consumer financing recorded at Rs. 179 billion during FY 2022.
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- Medieval History
- Post-Independence History
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Indus Valley Civilization
The Indus Valley civilization, the first known permanent and predominantly urban settlement that flourished between 3500 BC to 1800 BC, featured a vibrant economic system. Its citizens practised agriculture, domesticated animals, made sharp tools and weapons from copper, bronze, and tin, and traded with other cities. Archaeological excavations have uncovered streets, drainage systems, and water supplies in the valley's major cities of Harappa, Lothal, Mohenjo-daro, and Rakhigarhi, revealing a...
Achaemenid Empire
In 518 BCE, The Achaemenid Empire conquered regions of modern day's Pakistan. The conquered area was the most fertile and populous region of the Achaemenid Empire. An amount of tribute was fixed according to the richness of each territory. The province of the Hindush ('Ινδοι, Indoi) was the Achaemenid district paying the largest tribute, and alone represented 32% of the total tribute revenues of the whole Achaemenid Empire. It also means that Indoswas the richest Achaemenid region in the subc...
Mauryan Empire
During the Maurya Empire(c. 321–185 BC), there were a number of important changes and developments in the economy of the region. For the first time, most of Indian subcontinent was unified under one ruler. With an empire in place, trade routes became more secure, thereby reducing the risks associated with the transportation of goods. The empire spent considerable resources building roads and maintaining them throughout the region. The improved infrastructure, combined with greater security, u...
Delhi Sultanate
Many historians argue that the Delhi Sultanate was responsible for making Indian subcontinent more multicultural and cosmopolitan. According to Angus Maddison, between the years 1000 and 1500, region's GDP, of which the sultanates represented a significant part, grew nearly 80% to $60.5 billion in 1500.
Mughal Empire
During the Mughalperiod (1526–1858) in the 16th century, the gross domestic product of the empire was estimated at about 25.1% of the world economy. An estimate of Indian subcontinent's pre-colonial economy puts the annual revenue of Emperor Akbar's treasury in 1600 at £17.5 million (in contrast to the entire treasury of Great Britaintwo hundred years later in 1800, which totaled £16 million). The gross domestic product of Mughal Empire in 1600 was estimated at about 24.3 percent of the world...
Silk route
scholars have suggested that trading from Indian subcontinent to West Asia and Eastern Europe was active between the 14th and 18th centuries. During this period,local traders settled in Surakhani, a suburb of greater Baku, Azerbaijan. Further north, the Gangetic plains and the Indus valley housed several centres of river-borne commerce. Most overland trade was carried out via the Khyber Pass connecting the Punjab regionwith Afghanistan and onward to the Middle East and Central Asia.
Pakistan's population has grown rapidly from around 30 million in 1947 to over 220 million in 2020. Despite this, Pakistan's average economic growth rate since independence has been higher than the average growth rate of the world economy during the same period. Average annual real GDP growth rateswere 6.8% in the 1960s, 4.8% in the 1970s, and 6.5%...
Works cited
1. Peers, Douglas M. (2006), India under Colonial Rule 1700–1885, Harlow and London: Pearson Longmans, ISBN 978-0582317383. 2. Raychaudhuri, Tapan; Habib, Irfan (2004). The Cambridge Economic History of India, Volume I : c. 1200 – c. 1750. New Delhi: Orient Longman. ISBN 978-81-250-2709-6. 3. Robb, Peter (2004), A History of India (Palgrave Essential Histories), Houndmills, Hampshire: Palgrave Macmillan, ISBN 978-0-333-69129-8.
Written by CFI Team. What is a Consumer Loan? A consumer loan is a loan given to consumers to finance specific types of expenditures. In other words, a consumer loan is any type of loan made to a consumer by a creditor. The loan can be secured (backed by the assets of the borrower) or unsecured (not backed by the assets of the borrower).
The amendments made in the Prudential Regulations for Consumer Financing during January 31, 2011 to June 30, 2016 have been incorporated in this updated version for ease of reference of the users.
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Oct 6, 2015 · Trend of Consumer Financing In Pakistan. October 2015. DOI: 10.13140/RG.2.1.2341.4481. Authors: Faran Rasheed. GoodCore Soft. References (3) Abstract. This research was a part of my Probability...
Title: KYRR Urdu Created Date: 10/27/2017 11:03:41 AM
