IUB Journals (Islamia University of Bahawalpur)
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Strategies to Economic Stability in Pakistan: A Study in the Light of Seerah: پاکستان کے معاشی استحکام کی حکمت عملی: سیرت طیبہ کی روشنی میں ارتباطی مطالعہ
No full textAfter gracing the universe with beautiful creations, Allah extended his benevolence to mankind and sent prophets to refine their characters. Then he announced the completion of the divine message by sealing the chain of prophethood on the holy prophet Muhammad (peace be upon him) and declaring the life of the holy prophet a role model for humanity. Hence, individuals and communities can seek comprehensive guidance from the life of the Holy Prophet, seeking solutions not only for religious dilemmas but also for economic, social, and ethical challenges across every facet of life. In the pursuit of wisdom, scholars have crafted the realm of "Fiqh al-Sirah," a dedicated knowledge to navigate and resolve a spectrum of issues by drawing upon the noble life of the holy prophet (peace be upon him). Whether it is individual life or collective life, the economy has a great impact on them because it is an essential need for continuity of life. The Prophet Muhammad ﷺ not only illuminated the path for spiritual matters, but he intricately weaved rules and guidance for fostering the development of societies. This article delves into the economic facets illuminated by the Messenger of Allah, peace be upon him. These insights served as the bedrock for the ascent of Muslims as a formidable economic force. Throughout the annals of Muslim history, the resilience of Muslim states in the face of economic challenges stands as a testament, with not a single instance where a Muslim state succumbed to economic ruin
A Study to Compare Relationship between Situated Learning Model Methodology and Reflective Insight of Community Projects Carried Through Preservice Teachers from Public Sector Universities
Get PDFThis research explores the relationship between the Situated Learning Model Methodology (SLM) and Reflective Insight in community projects undertaken by preservice teachers from public sector universities. Adopting a sequential explanatory design, data was collected over a semester in two phases from 66 participants at a public sector university in Lahore, Punjab, Pakistan. Quantitative analysis, utilizing an independent sample t-test, preceded the integration of qualitative data. Pearson’s correlation identified a significant relationship between the multidimensional SLM and reflections, revealing variations in preservice teachers' reflections on knowledge, disposition, and attitude. The study advocates for the adoption of SLM methodology, aligning with Krathwohl's recommendation for realistic explanations in real-life settings
Interest-Based Banking Model: Historical Development and Inception of Islamic Banks
Get PDFBanking institutions have become integral to an economy by supplying credit and other financial services to existing markets. The concept of central banking emerged to regulate banking activities and control them through a sound supervisory framework. In recent days, a central bank has been responsible for regulating the monetary and credit systems of a country. Muslim society has been conducting its economic activities through money and dealing with some banking-type activities since its inception. Thus, it is worth exploring and reviewing the historical development of the interest-based banking model to understand the dynamics of conventional banking in depth and to propose alternate modes of Islamic finance. Islamic banking has experienced tremendous growth in recent decades, with diversified services for retail and corporate customers. Yet, until now, we knew less about the topic from a historical perspective. Therefore, this paper aims to review the literature about the interest-based banking model over time and the modern practices of Islamic banks all over the globe. Banking institutions are playing an important role in attaining economic growth and stable markets. Concerned central banks are recommended to provide a supportive environment to banking institutions and welcome Islamic banks for financial inclusion in Muslim-majority territories
مواخاتِ مدینہ کی تاریخی اہمیت اور معاصر اطلاقات: Historical Significance and Contemporary Applications of Medina’s
No full textIslam is the religion of unity. The spirit of unity and collectivity is found in its all teachings. It is an exclusive quality of Islam that the life of our holy prophet Muhammad Peace be upon him is a practical model of the teachings of Islam. The life of our Holy Prophet is an ideal model for us. In the life of our Holy Prophet Peace be upon him, where there are many more teachings for us, there are immense instructions in his biography about unity and collectivity. There are many manifestations of unity and togetherness in his biography. One of these phenomena is Medina’s Brotherhood. The central and pivotal philosophy of Medina’s Brotherhood is unity and solidarity. In present age in which the Muslin Ummah is divided in groups on the basis of ethnic, linguistic, cultural and geographical prejudices, the Medina’s Brotherhood is of great importance. Only on the basis of Islamic brotherhood can differences between Muslim Ummah be resolved. The Muslim Ummah has all the resources to defend its existence and its rights. The population of Muslim is also very large and their civilization is superior to all other civilization. But in spite of this, Muslims are suffering from weakness and inferiority. The main reason for this is their mutual division and dispersal. In order to avoid this Medina’s Brotherhood is a beacon. In article under review, the importance and efficacy of Medina’s Brotherhood regarding the unity and solidarity of the Muslim Ummah will be discussed
Quantifying Economic Uncertainty in Pakistan Using the MIMIC Model
Get PDFObjective: This study quantitatively explores Economic Uncertainty in Pakistan, utilizing the Multiple Indicator and Multiple Causes (MIMIC) model with indicators such as Foreign Market Instability, Political Stability, Inflation, GDP, Financial Crises, and Stock Market Volatility to provide a comprehensive assessment.
Research Gap: The research addresses the gap in understanding the complex nature of Economic Uncertainty within Pakistan's economic landscape, emphasizing the role of various indicators in quantifying it.
Design/Methodology/Approach: The study employs the MIMIC model and the Hodrick-Prescott (HP) filter to analyze Economic Uncertainty in Pakistan. The limitations of this methodology are acknowledged.
Main Findings: The study reveals that Economic Uncertainty significantly impacts various macroeconomic variables, providing insights into its multifaceted nature.
Theoretical/Practical Implications of the Findings: The research findings have vital implications for policymakers, aiding in the formulation of informed policies and investment strategies for economic stability and growth.
Originality/Value: This research contributes to the understanding of Economic Uncertainty in Pakistan by delving into its multifaceted aspects and influential factors. It provides a comprehensive foundation for informed decision-making in economic policy and investment strategies, ultimately promoting economic stability and growth
A مابعد جدیدیت میں مغربی فکر و تہذیب کا تنقیدی جائزہ: A Critical Analysis of Western Civilization and its thoughts in Postmodernism
No full textThis research is about the nature and scope of Western Civilization and its thoughts in Postmodernism. Western thinkers have divided their civilization into three periods. They saw this division in terms of the evolution of the human mind. The Postmodernism has its own characteristics. In this era, Modernism gained more criticism, but it was also criticized by some thinkers. During this period antiquated literature flourished, and social and moral values declined. In postmodernism Positivism, Evolution and Sex Revolution made a modern trinity. In Postmodernism, the trend of Globalization began to flourish. It helped in world trade. Some people are protesting due to its favor of Capitalism and developing countries. Some thinkers are criticizing the Globalization, as it is leading to annihilation and the End. Making of Suez and Panama canals and the revolution of Information Technology helped it. In the Postmodernism, the West held global power through international institutions. The United Nations and other international organizations have become the mouthpieces of the West. These are playing their role in making the world civilized as western will and its conditions.
Keywords: Capitalism, Evolution, Globalization, Positivism, Postmodernism, Sex Revolution, Western Civilization
Impact of Digital Marketing on the Tourism Industry Business Profitability of UAE through the role of Effectiveness
Get PDFThis Paper explores the influence of digital marketing impact and tourism attraction on business profitability through the mediating role of effectiveness. Researcher use a structured questionnaire as the primary instrument for collecting quantitative data and analyzing numerical data methodically, a researcher using a quantitative research design can better understand the connection between UAE businesses' success in the tourism industry and their use of digital marketing. Data were investigated through SPSS Version 26 and SEM (structural equation modeling) using Smart PLS Version 4 software. The results show that digital marketing impact has positive influence on digital marketing effectiveness and business profitability, Tourism attraction has impact on tourism industry effectiveness and business profitability, Perceived Digital Marketing Effectiveness has positive impact on business profitability. The results provide practical implications for organizations seeking to increase business profitability. Organizations can improve digital marketing effectiveness and business profitability by using digital marketing impact and tourism attraction
Assessment of Formality, Innovation and Productivity in Small and Medium Enterprises of Pakistan
Get PDFThis study aims to assess the dynamics of innovation and productivity of formally registered small and medium enterprises in Pakistan. It considers learning by doing and learning by schooling theories along with stylized facts about determinants of firms’ ability to practice innovation. This is the first detailed study that considers learning by doing and learning by schooling aspects of firms determining innovation practices. These are considered building blocks of sustainable economic growth and hence the growth processes of the firms. Realizing the state of these aspects provides valuable support to policymakers in developing effective policies for the manufacturing sector. For this purpose, a structural model is used to assess the factors affecting innovation followed by the effects of innovation on the productivity of the firms with reference to formality. The latest data by World Bank collected through Enterprise Survey between May 2013 to May 2015 is used to address the purpose. It is found that novel organizational and management practices promote the innovation of small and medium firms significantly. It is concluded that higher levels of productivity can be achieved through better organizational structure, employee training, the transformation of the internal structure of the production process, export growth, and the development of the business environment in various locations. These findings imply that export-oriented policies, research, and development for SMEs, training provisions for managers and employees, and changes in the hierarchal structure of the old established enterprises are the key elements for SMEs growth in Pakistan. Therefore, it is suggested to promote positive competition among SMEs as it works as a driving force to bring innovation and enhance the capacity utilization of the firms. It is observed that non-exporting firms are less concerned to adopt innovative practices that limit their productivity and growth. Thus, it is recommended to encourage these firms to grow at the par of their exporting counterparts by following their innovative strategies. These strategies bring direct benefits to the firms in terms of productivity and growth and have the potential to ultimately improve the livelihood and socio-economic status of the associated employees. Moreover, with higher levels of growth informal sector may also catch up with the formal sector through the effect of agglomeration economies of the formal firms located in the region
Analysing the Impact of Macroeconomics Variables on Poverty in Pakistan: A Fresh Insight using ARDL to Cointegration Analysis
Get PDFThe aim for this examines is to describe the effect of macro-economic aspects affecting reduction in poverty. This analyses approximately the concept that how can get rid of poverty by working on macroeconomic variables. The Data is taken from WDI for the duration of 1998 to 2022 of Pakistan. An econometric model ARDL is used to analyse short- and long-term results. Research has proven that poverty may be reduced with the aid of the selected macroeconomic variables. Furthermore, in line with the study's findings, the Education has great impact on economic by reducing poverty. Economy stability growth plays a vital role in eliminating poverty. Inflation presents insignificant impact in short & long duration as it increases poverty so inflation must be in control. This research reveals that all the determinants of the model are statistically great. Gross capital formation is negatively related to poverty and helps in lowering it while the opposite three determinants are positively associated. This study has a novel contribution to literature in the domain Economy growth and poverty knowledge. It is unique in a way to integrate the knowledge in academics and awareness about poverty elimination in Pakistan among students & scholar. Moreover, the observation recommends that the government overview its guidelines & possibility by lessen poverty using education, to control inflation and enhance GDP to boost economic growth
Dimensions and applications of the Prophet's generosity: غنائے نبوی صلی اللہ علیہ وسلم کی جہات اور اطلاقات
No full textThe moral system of Islam covers every aspect of our life, including the economic system. Immoralities are embedded in the current economic systems in such a way that the distinction between halal and haram has been erased. Humans do not realize their economic rights while living in their society. Islam integrates ethics with faith so that a person pays the rights of others with moral incentives and does not encroach on anyone's rights. Because there are countless desires in human life, but the resources to fulfill them are limited. As a result, people start encroaching on the rights of others to fulfill their own desires, which we can easily see in the present human societies. If a person adopts the Islamic economic and ethical principles and follows the Prophet's life, then he can live a peaceful life by organizing his various desires under a single principle which is called an Islamic Economic Policy