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محمد مجید زبیری

محمد مجید زبیری
افسوس ۲۳؍ مئی کو شبلی کالج کے سابق استاد جناب محمد مجید زبیری کا علی گڑھ میں انتقال ہوگیا، ریٹائر ہونے کے بعد وہ جناب سید صباح الدین عبدالرحمن مرحوم کے اصرار پر دارالمصنفین کے شعبۂ انصرام سے وابستہ ہوئے، اپنی نیکی، بھلمنساہت، صلح پسند طبیعت اور ایمانداری و دینداری کی وجہ سے ہر طبقہ میں مقبول و محترم تھے، صحافی و شاعر بھی تھے تقریباً دو سال قبل سخت بیمار ہوئے، علاج کے لیے اپنی صاحبزادی کے پاس علی گڑھ چلے گئے اور وہیں سے سفر آخرت اختیار کیا، اﷲ تعالیٰ بال بال مغفرت فرمائے اور پس ماندگان کو صبر و رضا کی توفیق دے، آمین۔ (ضیاء الدین اصلاحی، جون ۱۹۹۲ء)

غربت کے خاتمے میں قرض حسنہ کا کردار

Poverty is a global issue, particularly, related to the developing countries. The whole world is taking measures to eradicate it. People have different types of talent to earn money. Some are skilled, some have good entrepreneurship ideas and some others are good at manual work. We find that a great number of such skilled people are suffering from lack of resources in Pakistan and therefore not properly able to exert their skills to their utmost. Pakistan, being a developing country, is suffering from the issue of poverty. Many efforts were made for the alleviation of poverty during various regimes. Pakistan People’s Party introduced the Benazir Income Support Program. The same program has been maintained by the present Muslim League (Nawaz) government, due to its so-called utility. However, the fact is that its utility is not promising, as the meager amount given to the needy ones consumes in the daily expenditures and produces no lasting good. Contrary to this thesis of alms-giving, an anti-thesis is provided by the tradition of the Holy Prophet, Muhammad (S. A. W), which emphasizes the provision of interest-free loan. The loan without interest, can enable a person to run his or her business, according to his or her capacity and the person can become independent. The present paper explores the prospects that how interest-free loan is more effective in removing poverty than alms-giving on a regular basis by the government.

Measurement of the Performance of Islamic Financial Institutions: An Evaluation and Analysis

Performance of banking sector is critical for the functioning of the financial system of a country as it ultimately casts impacts on economic stability and growth. Islamic banking has become substantial component of financial structure of many Muslim and non‐Muslim countries. Islamic banking in Pakistan has won remarkable market share in just a few years. While failure of conventional banks in western world has caused economic crisis in those economies, Islamic banks have proved to be robust due to their profit and loss sharing mechanism. This study is an attempt to analyze performance of Islamic banks in comparison of their conventional counterparts. This study does not apply a single performance evaluation method. It rather addresses several dimensions of performance using multiple methods like Ratio Analysis, DEA, Malmquist Index and Regression. Performance of Islamic and conventional banks is compared using parametric and non‐parametric statistical tests of significance. This study conceptualizes performance as combination of efficiency and effectiveness. Total Factor Productivity change is further decomposed into subcomponents. Tobit regression is applied to estimate determinants of change in efficiency, effectiveness and performance. This study analyzes 2004 to 2009 financial data of all the Islamic and conventional banks working in Pakistan. However, to find out determinants of profitability this study analyzes the quarterly data of Meezan Bank, which is the pioneer full‐fledged Islamic bank of Pakistan. Islamic banks outperformed conventional banks in terms of financial ratios of capital adequacy, asset quality, liquidity, asset turn over and risk. However, performance of conventional banks has been higher in terms of DEA scores of efficiency and effectiveness. Although both the types experienced decline in TFP Malmquist index, yet no significant difference in performance pointed out. Bank specific factors cause variation in efficiency whereas market specific and macroeconomic indicators affect effectiveness significantly. Liabilities, capital, overhead expenses and earning assets have positive impact on profitability. Deposits, service income and financing are inversely related with profitability of Islamic banks.
Asian Research Index Whatsapp Chanel
Asian Research Index Whatsapp Chanel

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