The work basically argues that the key objectives of fiscal policy of Islam are to defend the country and ensure the peaceful environment for the people. It is also the obligation of Islami state to fulfill basic needs of masses so that the people may prosper economically.
Highlights the historical development of Islamic Banking in Pakistan and additionally explains the contemporary tools of Islamic Banking. Criticizes the vast use of Murabaha, Ijara and Musharakah e Mutanaqisa, and call towards need of reverting back to tools which are actual basis of Islamic Finance
The writer analyzes the concentration of wealth in few hands and high inequalities in economic history of Pakistan and suggests how institution of zakat could provide strong foot to the economic development of the country