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Islamic Economics In Pakistan
The economic policies proposed under the banner of "Islamisation" in Pakistan include executive decrees on ''Zakāt'' (poor-due), ''Ushr'' (tithe), judicial changes that helped to halt land redistribution to the poor, and perhaps most importantly, elimination of ''riba'' (defined by activists as interest charged on loans and securities). Perhaps the foremost exponent of Islamisation among Pakistan's rulers—General Muhammad Zia-ul-Haq—advanced a programme in 1978 to bring (according to Zia and his supporters) Pakistan law in line with the principles of Sharia law. Conceived in late 1977 and carried out during his reign, the programme came in response to an upsurge in Islamic activism, and the problems and controversies associated with the policies of Zia's predecessor, Prime Minister Zulfikar Ali Bhutto. Zia's stated intention was to "eradicate the scourge of interest" on loans and securities, and create an " interest-free economy". On January 1, 1980, approximately 7,000 int ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Night View Of Faisal Mosque In Islamabad
Night, or nighttime, is the period of darkness when the Sun is below the horizon. Sunlight illuminates one side of the Earth, leaving the other in darkness. The opposite of nighttime is daytime. Earth's rotation causes the appearance of sunrise and sunset. Moonlight, airglow, starlight, and light pollution dimly illuminate night. The duration of day, night, and twilight varies depending on the time of year and the latitude. Night on other celestial bodies is affected by their Rotation period (astronomy), rotation and orbital periods. The planets Mercury (planet), Mercury and Venus have much longer nights than Earth. On Venus, night lasts about 58 Earth days. The Moon's rotation is tidally locked, rotating so that near side of the Moon, one of the sides of the Moon always faces Earth. Nightfall across portions of the near side of the Moon results in lunar phases visible from Earth. Organisms respond to the changes brought by nightfall: darkness, increased humidity, and lower ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pervez Musharraf
Pervez Musharraf (11 August 1943 – 5 February 2023) was a Pakistani general and politician who served as the tenth president of Pakistan from 2001 to 2008. Prior to his career in politics, he was a four-star general and appointed as the chief of Army Staff and, later, the chairman of the Joint Chiefs of Staff by prime minister Nawaz Sharif in 1998. He was the leading war strategist in the Kargil infiltration that brought India and Pakistan to the brink of war in 1999. When prime minister Sharif unsuccessfully attempted to dismiss general Musharraf from his command assignments, the Army GHQ took over the control of the civilian government, which allowed him to control the military and the civilian government. In 2001, Musharraf seized the presidency through a legality and a referendum but was constitutionally confirmed in this capacity in 2004. With a new amendment to the Constitution of Pakistan, his presidency sponsored the premierships of Zafarullah Jama ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Land Reform
Land reform (also known as agrarian reform) involves the changing of laws, regulations, or customs regarding land ownership, land use, and land transfers. The reforms may be initiated by governments, by interested groups, or by revolution. Land reform is often considered a contentious process, as land is a key driver of a wide range of social, political and economic outcomes. The structure and distribution of land rights has been linked to state formation, economic growth, inequality, political violence, and identity politics, making land reform highly consequential for the long-term structures of society. Overview Land reform may consist of a government-initiated or government-backed property redistribution, generally of agricultural land. Land reform can, therefore, refer to transfer of ownership from the more powerful to the less powerful, such as from a relatively small number of wealthy or noble owners with extensive land holdings (e.g., plantations, large ranches, or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nationalization
Nationalization (nationalisation in British English) is the process of transforming privately owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization contrasts with privatization and with demutualization. When previously nationalized assets are privatized and subsequently returned to public ownership at a later stage, they are said to have undergone renationalization (or deprivatization). Industries often subject to nationalization include telecommunications, electric power, fossil fuels, railways, airlines, iron ore, media, postal services, banks, and water (sometimes called the commanding heights of the economy), and in many jurisdictions such entities have no history of private ownership. Nationalization may occur with or without financial compensation to the former owners. Nationalization is distinguished from property redistribution in that the government retains control of nationalized pro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stagflation
Stagflation is the combination of high inflation, stagnant economic growth, and elevated unemployment. The term ''stagflation'', a portmanteau of "stagnation" and "inflation," was popularized, and probably coined, by British politician Iain Macleod in the 1960s, during a period of economic distress in the United Kingdom. It gained broader recognition in the 1970s after a series of global economic shocks, particularly the 1973 oil crisis, which disrupted supply chains and led to rising prices and slowing growth. Stagflation challenges traditional economic theories, which suggest that inflation and unemployment are inversely related, as depicted by the Phillips Curve. Stagflation presents a policy dilemma, as measures to curb inflation—such as tightening monetary policy—can exacerbate unemployment, while policies aimed at reducing unemployment may fuel inflation. In economic theory, there are two main explanations for stagflation: supply shocks, such as a sharp increa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Council Of Islamic Ideology
Council of Islamic Ideology (CII; () is a constitutional body of Pakistan, responsible for giving legal advice on Islamic issues to the government and the Parliament. This body was founded in 1962 under the government of Ayub Khan. Functions The council has the following functions:Functions of the Council of Islamic Ideology Government of Pakistan website, Retrieved 10 September 2020 # To recommend laws conforming to the and the to the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abul A'la Maududi
Abul A'la al-Maududi (; – ) was an Islamic scholar, Islamist ideologue, Muslim philosopher, jurist, historian, journalist, activist, and scholar active in British India and later, following the partition, in Pakistan. Described by Wilfred Cantwell Smith as "the most systematic thinker of modern Islam", his numerous works, which "covered a range of disciplines such as Qur'anic exegesis, hadith, law, philosophy, and history", were written in Urdu, but then translated into English, Arabic, Hindi, Bengali, Telugu, Tamil, Kannada, Burmese, Malayalam and many other languages. He sought to revive Islam, and to propagate what he understood to be "true Islam". He believed that Islam was essential for politics and that it was necessary to institute ''sharia'' and preserve Islamic culture similarly as to that during the reign of the Rashidun Caliphs and abandon immorality, from what he viewed as the evils of secularism, nationalism and socialism, which he understood to be the influen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Medina
Medina, officially al-Madinah al-Munawwarah (, ), also known as Taybah () and known in pre-Islamic times as Yathrib (), is the capital of Medina Province (Saudi Arabia), Medina Province in the Hejaz region of western Kingdom of Saudi Arabia, Saudi Arabia. It is one of the oldest and most important places in Islamic history. The Holiest sites in Islam, second holiest city in Islam, the population as of 2022 is 1,411,599, making it the List of cities and towns in Saudi Arabia, fourth-most populous city in the country. Around 58.5% of the population are Saudi citizens and 41.5% are foreigners. Located at the core of the Medina Province in the western reaches of the country, the city is distributed over , of which constitutes the city's urban area, while the rest is occupied by the Hijaz Mountains, Hejaz Mountains, empty valleys, Agriculture in Saudi Arabia, agricultural spaces and older dormant volcanoes. Medina is generally considered to be the "cradle of Islamic culture and ci ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
All-India Muslim League
The All-India Muslim League (AIML) was a political party founded in 1906 in Dhaka, British India with the goal of securing Muslims, Muslim interests in South Asia. Although initially espousing a united India with interfaith unity, the Muslim League later led the Pakistan Movement, calling for a Two-nation theory, separate Muslim homeland after the British exit from India. The party arose out of the need for the political representation of Muslims in British Raj, British India, especially during the Indian National Congress-sponsored Swadeshi movement, massive Hindu opposition to the 1905 partition of Bengal. During the 1906 annual meeting of the All India Muslim Education Conference held in Ahsan Manzil, Israt Manzil Palace, Dhaka, the Nawab of Dhaka, Khwaja Salimullah, forwarded a proposal to create a political party which would protect the interests of Muslims in British India. He suggested the political party be named the 'All-India Muslim League'. The motion was unanimously ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Muhammad Iqbal
Muhammad Iqbal (9 November 187721 April 1938) was a South Asian Islamic philosopher, poet and politician. Quote: "In Persian, ... he published six volumes of mainly long poems between 1915 and 1936, ... more or less complete works on philosophical themes" (p. xiii)" His poetry in Urdu is considered to be among the greatest of the 20th century, Quote: "In Urdu, Iqbal is allowed to have been far the greatest poet of this century, and by most critics to be the only equal of Ghalib (1797–1869). ... the Urdu poems, addressed to a real and familiar audience close at hand, have the merit of being direct, spontaneous utterances on tangible subjects. (p. xiii)" and his vision of a cultural and political ideal for the Muslims of British Raj, British-ruled India is widely regarded as having animated the impulse for the Pakistan Movement. He is commonly referred to by the honorific ''Allama'' (, ) and widely considered one of the most important and influential Muslim thinkers and Islam ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Islamic Economics In Pakistan
The economic policies proposed under the banner of "Islamisation" in Pakistan include executive decrees on ''Zakāt'' (poor-due), ''Ushr'' (tithe), judicial changes that helped to halt land redistribution to the poor, and perhaps most importantly, elimination of ''riba'' (defined by activists as interest charged on loans and securities). Perhaps the foremost exponent of Islamisation among Pakistan's rulers—General Muhammad Zia-ul-Haq—advanced a programme in 1978 to bring (according to Zia and his supporters) Pakistan law in line with the principles of Sharia law. Conceived in late 1977 and carried out during his reign, the programme came in response to an upsurge in Islamic activism, and the problems and controversies associated with the policies of Zia's predecessor, Prime Minister Zulfikar Ali Bhutto. Zia's stated intention was to "eradicate the scourge of interest" on loans and securities, and create an " interest-free economy". On January 1, 1980, approximately 7,000 int ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
