Pakistan

Islamic Banking booms globally – Pakistan & Gulf Economist

Islamic Banking booms globally – Pakistan & Gulf Economist

Shariah-compliant finance drives ethical investment, financial inclusion, and sustainable growth across global markets Islamic banking, rooted in Shariah principles that prohibit interest (riba) while promoting risk-sharing, ethical investments, and asset-backed financing, has transformed from a niche system into a global financial powerhouse. According to the LSEG Islamic Finance Development Report 2025, global Islamic finance assets reached US$5.985 trillion in 2024, …

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Islamic finance: from vision to transformation – Pakistan & Gulf Economist

Islamic finance: from vision to transformation – Pakistan & Gulf Economist

Federal Shariah Court declares interest-based practices incompatible as Islamic banking assets grown dramatically Islamic finance, founded on Shariah principles, began to take shape in the modern era roughly eight to nine decades ago. Its global prominence surged after the oil boom of the 1970s in the Middle East, when newly accumulated wealth sought financial systems aligned with Islamic values. One …

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Mobilink bank posts Pkr 3.62b profit, leading Pakistan’s

Mobilink bank posts Pkr 3.62b profit, leading Pakistan’s

Pakistan’s leading digital microfinance bank, Mobilink Bank has announced its financial results for the year ended December 31, 2025. The bank delivered strong growth across key financial and operational indicators while reinforcing its leadership position in Pakistan’s microfinance banking sector. Mobilink Bank delivered a strong financial turnaround in 2025, with Profit Before Tax reaching PKR 3.62 billion, reflecting a 217% …

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UAE solidifies global leadership in Islamic Banking and Finance – Pakistan & Gulf Economist

UAE solidifies global leadership in Islamic Banking and Finance – Pakistan & Gulf Economist

The UAE has established itself as the global leader in Islamic banking, fintech, Takaful, and capital markets, positioning the country at the forefront of Shariah-compliant finance. The UAE leadership in these sectors is a result of strategic foresight, regulatory excellence, and technological innovation, making the nation the global hub for Islamic financial solutions. As of 2026, UAE Islamic banking assets …

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Islamic Finance fuels modern dental clinics – Pakistan & Gulf Economist

Islamic Finance fuels modern dental clinics – Pakistan & Gulf Economist

Musharakah and Mudarabah empower dentists with ethical, risk-sharing clinic financing solutions in Pakistan In the evolving dental health care scenario of Pakistan, the establishment of multi-specialty dental clinics has become a need of the hour to meet the complex oral health needs of a growing population. However, the capital-intensive nature of such ventures, requiring advanced diagnostic tools, specialized surgical units …

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South Africa beat India by 76 runs in T20 World Cup

South Africa beat India by 76 runs in T20 World Cup

South Africa ended India’s 12-match winning streak in the T20 World Cup with a dominant 76-run victory in Ahmedabad on Sunday during the opening Group 1 Super Eights match. Batting first, South Africa posted 187 for 7. David Miller played an aggressive knock of 63 runs, while Tristan Stubbs added important runs towards the end to lift the total. In …

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No more tolerance for cross border terrorism, says Asif Zardari

No more tolerance for cross border terrorism, says Asif Zardari

Asif Ali Zardari has taken a firm stance against cross-border terrorism, stating that Pakistan’s limit of tolerance has been reached and those responsible for bloodshed inside the country will no longer remain beyond reach. The President made it clear that Pakistan’s recent actions were carried out under its right to self-defense in order to protect its citizens from cross-border terrorism. …

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WhatsApp to introduce ‘Scheduled Messages’ feature

WhatsApp to introduce ‘Scheduled Messages’ feature

WhatsApp is developing a native “Scheduled Messages” feature that will allow users to set a specific date and time for messages to be sent automatically within chats. The functionality has been spotted in the latest iOS beta version 26.7.10.72, released through Apple’s TestFlight programme, according to WABetaInfo. Once introduced, the feature will enable users to compose a message, select a …

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Pakistan records massive increase in sugar imports

Pakistan records massive increase in sugar imports

Pakistan has recorded a massive 7,906.15 percent increase in sugar imports during the first seven months of the current fiscal year, according to new data released by the Pakistan Bureau of Statistics. The report shows that from July to January, sugar imports crossed $17.46 million, compared to only $211,800 during the same period last year. In January 2026 alone, sugar …

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Fitness at home: No-gym workout routines

Fitness at home: No-gym workout routines

Staying fit does not always require a gym membership or expensive equipment. With the right approach, you can achieve excellent results from the comfort of your home. Home workouts are convenient, time-saving, and flexible, making them ideal for busy schedules. Whether your goal is weight loss, muscle building, or simply staying active, no-gym workout routines can help you maintain a …

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