Defines waqƒ. Discusses the social role of awqãf, its legal characteristics, its management and rights. In the context of Pakistan, describes the legal provisions of waqƒ law. For jurists. Based on primary sources. Undocumented.
In a mudaraba-based system of banking the central bank would play its usual role of controlling the flow of madaraba funds, setting priorities for different sectors, disallowing banks to create money, indexing savings with inflation, announcing mudaraba guarantee schemes and regulating seasonality of demand for madaraba funds. Descriptive and based on ideal assumptions. Non-rigorous. For Muslim economists; Based on primary and secondary sources. Documented.
Monetary and Financial Theory and Institutions
Proceeding of a Seminar Organized by the National Bank of Pakistan