Islamic Banking - IB has Halal floor & Tayyib ceiling which is Quadrant 1 vector 1,1. Right now IB is in Quadrant 3 Nash Equilibrium. A lot of course correction is needed on both substance and form dimensions & in the overall plane of business. Our formal model captures it all.
@MiftahIsmail Let’s take Islamic Banking as such Halal but for it to be Tayyib we need to move it to Quadrant 1 vector 1,1. Now Islamic Banking is in Quadrant 3 Nash Equilibrium trap. Your suggestion to increase risk sharing practices will move it to Quadrant 4. You have made good case.
Analyzing Islamic Economics Methodology with Dynamic Prescriptive Economics (DPE) is a new decision framework to solve 21st century complex problems. Access here: https://t.co/Sq1hMdCvnR
Check out the latest article in my newsletter: Beyond GDP: Normalized Balanced Coordinates (NBCs) for National Accounts https://t.co/FvfE6Blcdc via @LinkedIn
The ESG has spread like fire, and many believe that it also about to be extinguished like fire- especially when some cigarette and alcoholic beverages companies crossed firewalls and appeared in the ESG universe. In Islamic finance despite several ESG and…https://t.co/LGQ5nHqubU
Congratulations!
Revive the dying discipline of “Economics” -study of human selfish behavior in the face of scare means and unlimited wants to “Economycs” -study of problems of economy within the regenerative capacity of natural and ecological capital. https://t.co/JiFsqaoOeZ
Ahsan Iqbal Chaudhary congratulations for adopting the 5E framework to turn around the economy of Pakistan. Wishing you all the best! https://t.co/G9L2XJakCa
Question-1: Are the designs of Islamic financial contracts inherently sustainable? The challenge of sustainability is to give equal importance to the present time in comparison to the future in financial decision making. High discount rates imply that the…https://t.co/3xjnuH4UXy
The international trade theory says no problem if labor is not freely mobile, free trade can equalize factor prices globally. Now technology has reduced the relevance of mobility of labor in the gig economy what’s going to happen to the mobility of indust…https://t.co/ZJtd2YIoe0
Development of Sustainability Leadership shall be the pivot of educational programs at all levels. Join this #sustainability#leadership#development talk to understand the challenges and opportunities. INCEIF University https://t.co/5sW5LWnyVH
Integrating the Preservation of the Ecological Environment in Maqasid Al Shariah- which approach is the right approach?
The dominant approach is sadly to ignore the environment! Which I ignored in this summary. There are three approaches worth mentionin…https://t.co/OdBvGwFJpN
Dr Kinan Salim congratulations for the paper! If there’s a conflict between environmental performance (EP) of banks and stability of banks, then policy priority should be given to the EP. Banks short-term stability depends on capit…https://t.co/fvudOSWzSg https://t.co/OZ3gZJl2cy