Is Islamic banking Islamic?
In my column I examine if Islamic banking in Pak is just based on interest rates or is it close to Islamic ideals. https://t.co/2TjpM0k2UG
@AmerSharifOFCL Yield differential is too high between 1M/3M vs 12M. 12M is already come off from highs seems two weeks as war sentiments die down.
Optimal play 20% 1yr TbIll and 80% in financial sector mutual with any amc till MPS or clarity on inflation/oil prices outlook
Welcome to the most asymmetric trade in modern financial history.
The thread below lays out why. The opportunity exists because capital has chased the AI trade while ignoring the physical assets AI requires to run — assets that have quietly become the best-performing asset class of the decade. Since October 2020 when we first called for the commodity super cycle: QCI Total Return +217%, GSCI Total Return +205%, Gold +140%. NASDAQ trails at +130%. S&P 500 at +85%. The top three are all commodities. Yet oil cannot get out of its own way while copper and the broader atom complex prints fresh highs . That is the dislocation. That is the trade.
Get long. Buckle in. Hang on for the ride.
Forgive the longer posts in this thread — attempting to mimic my old 10-bullet commodity takes. On to it.
A Digital ID is legally equivalent to a physical ID card. However, some offices and service providers are still asking citizens to present a physical card or photocopy instead of accepting the Digital ID available through NADRA services.
@AmerSharifOFCL For individuals I don’t think this would be Final Tax. It would end up as profit on debt and become part of normal taxable income + 7B if crosses 5mn
- $4Bn reserves
- $30Bn repayments in next 2 years
- Dynamics of new IMF programme
- Political instability – elections/no elections??
- What will 🇵🇰🇵🇰 economy look like in FY24, can it continue like this?
- How to prepare yourself
🧵 Let’s build some scenarios 🧵
1/22
If there is one policy measure that completely screwed the country's financial system is tax on cash withdrawals. From the moment it was implemented, Currency in Circulation increased massively & informal economy expanded.
If we do the same again, it will be a complete disaster