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Understanding Islamic Finance
In Understanding Islamic Finance Muhammad Ayub introduces all the essential elements of this growing market by providing an in-depth background to the subject and clear descriptions of all the major products and processes associated with Islamic finance. Key features include: Discussion of the principles of Islamic finance; Introduction to the key products and procedures that International Financial Institutions are using or may adopt to fund a variety of clients ensuring Sharī´ah compliance; Discussion of the role Islamic finance can play in the development of the financial system and of economies; Practical and operational examples that cover deposit and fund management by banks involving financing of various sectors of the economy, risk management, accounting treatment, and working of Islamic financial markets and instruments. This book is not only an important text for all banks and financial institutions entering this particular market with a commitment to building Islamic financial solutions, but is also essential reading for undergraduate and postgraduate students of Islamic finance.
Pakistan
PAKISTAN Muhammad Anwar and Ebad Baig The creation of Pakistan on August 14, 1947, was a rare and unprecedented event in the study of politics that the world has ever seen. However, the Indian leadership never accepted the creation of Pakistan, and its security remained threatened even after a long period of existence because of the Kashmir dispute, which was left unresolved at the time of the partition of the subcontinent. The worst happened when Pakistans founding father passed away on September 11, 1948, followed by the assassination of the first prime minister of Pakistan, Liaquat Ali Khan, on October 16, 1951. The weak and shrewd political leadership eventually paved the way for the mil...
The Pakistan Paradox
The idea of Pakistan stands riddled with tensions. Initiated by a small group of select Urdu-speaking Muslims who envisioned a unified Islamic state, today Pakistan suffers the divisive forces of various separatist movements and religious fundamentalism. A small entrenched elite continue to dominate the country’s corridors of power, and democratic forces and legal institutions remain weak. But despite these seemingly insurmountable problems, the Islamic Republic of Pakistan continues to endure. The Pakistan Paradox is the definitive history of democracy in Pakistan, and its survival despite ethnic strife, Islamism and deepseated elitism. This edition focuses on three kinds of tensions that are as old as Pakistan itself. The tension between the unitary definition of the nation inherited from Jinnah and centrifugal ethnic forces; between civilians and army officers who are not always in favour of or against democracy; and between the Islamists and those who define Islam only as a cultural identity marker.
Friends Not Masters
None
The Political Ecology of Pakistan
Pakistan is about to play a pivotal role in global politics. Serving as a gateway to the Middle East and a conduit to Central and South Asia, it will be a crucial partner as the United States contends with China’s rise as an emerging global superpower and seeks to maintain its hegemony in the region. The problem is, for many people in the West, Pakistan is somewhat of a black box, with few Westerners understanding the country’s complex history and current political reality. The Political Ecology of Pakistan aims to change this by outlining the geopolitical history of Pakistan since the country gained independence in 1947, focusing in particular on the military’s ongoing role in state a...
The Rise of Islamic Capitalism
Leading authority on the Islamic world and influential advisor to the Obama administration Vali Nasr shows that the West’s best hope of winning the battle against Islamic extremists is to foster the growth of a vibrant new Muslim middle class. This flourishing of Muslim bourgeoisie is reshaping the mind-set, politics, and even the religious values of Muslims in much the same way the Western bourgeoisie lead the capitalist and democratic revolution in Europe. Whereas extremism has grown out of the dismal economic failures of the authoritarian Islamic regimes, Nasr explains, the wealth and aspirations of this Islamic “critical middle” put them squarely at odds with extremism. They have ushered in remarkable transformations already in Dubai, Turkey, and Indonesia, and they are the key to tipping the balance in both Iran and Pakistan. As he writes “the great battle for the soul of the Muslim world will be fought not over religion but over market capitalism.”
Pakistan's Birth & Allama Mashraqi
Allama Mashraqi (Inayatullah Khan), sage of the East, was among few courageous leaders who bravely fought for the independence of India that resulted in the creation of Pakistan and India. Mashraqi's role prior to and after the partition of India is vital to the history of the Indian sub-continent. He was founder of Khaksar Tehreek (Movement) (founded in 1930) and Islam League (founded after independence). Mashraqi devoted his life to the uplift of the common man. He was not only an outstanding leader of the 20th century but also one of the greatest revolutionaries, visionaries, scholars, and mathematicians that emerged in that part of the world. Mashraqi's genius was proven when early on wh...
Patterns of Conventional Warfighting under the Nuclear Umbrella
This book explores how nuclear weapons influence conventional warfighting, through three case studies of countries not party to the Non-Proliferation Treaty: Pakistan, India, and Israel. The author examines how decision makers choose a preferred pattern of war management, as well as how these choices affect conflicts, suggesting that nuclear weaponization constitutes a clear change in the relative power of countries. This distribution of power within the international system expands or reduces the selection of strategies or war management patterns available to members of the international community. However, historic traumatic events like military defeats, countries’ self-images, and images of enemies form the perceptions of decision makers regarding material power and change thereof, suggesting that choices of decision makers are not affected directly by changes in relative power relations, but rather through an intermediate level of strategic culture parameter.
Zulfikar Ghose
In 1963, Zulfikar Ghose received a special award from the E. C. Gregory Trust that was judged by T. S. Eliot, Henry Moore, Herbert Read and Bonamy Dobrée. A year earlier, in an issue devoted to the newly emerging Commonwealth literature, the Times Literary Supplement featured Zulfikar Ghose as the most prominent poet from the former British colonies by conspicuously printing three of his poems spread across half a page. By the time he was featured in The Review of Contemporary Fiction, Ghose had been accorded major status as a writer of international repute: the editors of The Review of Contemporary Fiction noted that “Zulfikar Ghose has both ranked with and outranked several of the best ...
