International Journal of Islamic Business, Administration and Social Sciences (JIBAS)

A-1: FOR THE GROWTH OF MODARABA AS A FINANCIAL INSTITUTION FLOATATION OF MEDIUM TERM AND LONG TERM TIME AND PROJECT BASE MODARABA

2022-12-27T05:30:14+00:00

The development of a nation's economy is virtually dependent on its financial sectors. For more than 40 years, Modaraba has been an established financial institution and the country's pioneer Islamic financial system. Although the Modaraba is regarded as a financing mode, it is more of a partnership in which one party contributes money and the other with labor, and the profit is shared according to a predetermined ratio. Modaraba is another legal financial institution in Pakistan and is governed by SECP rules and regulations. The Modaraba sector has been steadily declining rather than growing. Taking into account the past and present, the research aims to revitalize the Modaraba a tailor-made industry in Pakistan by introducing non-conventional mode and floatation modaraba. Through a questionnaire, a total of 90 respondents were evaluated. To the question of whether or not Modaraba institutions should be permitted to meet the needs for project financing and venture capital on a time-basis and for a specified purpose, 90% of respondents agreed or strongly agreed that the Modaraba Sectors in Pakistan should be revived. Until the Modaraba resource mobilization is made easy and convenient, the Modaraba should enjoy the tax benefit. The study concludes that further research is necessary to support the Modaraba sector's revival and emphasizes the necessity to look into the tax exemption of Modaraba. If the Modaraba sector is to revive, there is a need to amend the Modaraba laws by introducing of concept of unlisted modarabas along with the ease in floatation of time-based and project base modarabas.

A-1: ABSOLUTE INTEREST, ARGUMENTS AND REGULATION BETWEEN SCHOLARS

2023-10-11T15:04:56+00:00

The research entitled (Absolute Interest, Arguments and its Regulations Among Scholars) discusses the impact of Masalih Mursalah (Absolute interest) After mentioning what is meant by the term Masalih Mursalah and its types in terms of the area in which it is used its form and subject, generality and specificity. The research paper discusses the opinion of Islamic scholars on this matter in to three schools: The first is those who have the opinion of the permissibility. The second is those who are on the opinion of the prohibition and the third is those who differ between its types in terms of the legal ruling. Finally, the paper sums up the conclusion and the significant result of this research.

E-2: THE KHYBER RIFLES: PASHTUN GUARDIANS OF THE BRITISH RAJ

2024-09-01T09:40:55+00:00

The British Imperial Government established militias in the Tribal Belt, consisting of local tribesmen for military service during times of need. These militias were formed to purchase tribesmen's loyalty and ensure peace and tranquility in the unstable area. The Khyber Rifles, an irregular force made up of various Afridi tribes from Khyber, were formed in the 19th century to guard and secure the Khyber Pass. The Khyber Rifles was a model for other tribal militias and scouts in the Tribal Belt, supporting Viceroy Lord Curzon's Tribal Policy of satisfaction and pacification. The Khyber Rifles effectively used the warrior prowess of the tribesmen to further the British's interests. They served as a model for other tribal militias and scouts in the Tribal Belt.