News Archives - Usmani & Co. Pvt. Ltd.

28 Jul 20

The Objectives of Distribution of Wealth in Islam

If we consider the injunctions of the Holy Quran, it would appear that the system for the distribution of wealth laid down by Islam envisages three objects. The Establishment of a Practicable System of Economy The first object of the distribution of wealth is that it would be the means of establishing in the world […]

24 Jul 20

Factors of Production in Islam

To better understand the factors of Production in Islam, we now compare the factors of production in other economic systems including Capitalism and Socialism. The Capitalist View In order to understand the Islamic point of view fully, it would be better to have a look at the system of the distribution of wealth that is […]

24 Jul 20

Globally Practiced Takaful Models

There are 45 conventional insurance companies and 28 of these have window takaful operations. There are only 5 full- fledged takaful operators in Pakistan.

13 Jun 20

Meezan Bank Reaches Rs. 1 Trillion In Deposits Amidst Global Pandemic

Meezan Bank has displayed exceptional financial performance as they cross the benchmark of 1 trillion Rupees in total assets. Meezan bank has also shown a profit after tax of an outstanding 7 billion Rupees which shows a growth of 70% from last year. This growth is immense and signifies the fortification of financial infrastructure in […]

30 Oct 19

Press Release: Islamic Finance and Food Security: Connecting Russia and Muslim Countries

Usmani & Co (UCO) is proud to be part of this project as Shariah advisors for the betterment of the greater good. On 3 November 2019, the HSE-Skolkovo Institute for Law and Development will hold the special session and present the Agrofinmost project at the 14th international AAOIFI-World Bank conference on Islamic banking. The […]

11 Dec 18

Islamic finance back on solid growth track

New territories, new & innovative capital markets, development & adoption of sector specific financial technology driven a growth of Islamic finance. Emerging Islamic finance markets shows improvements in financial & supporting ecosystems. Digital revolution transform the Islamic banking sector, Fast-growing startups focusing on a broad range of fin-tech solutions of Islamic banking. Digital banking channels, […]

10 Dec 18

Meezan Bank granted License for IPO Services

Securities & Exchange commission of Pakistan (SECP) granted a license to the 1st Islamic Bank in the country. To act as “Banker to the Issue” for Initial Public Offering of Shares. Customers will now be able to easily invest in new share issues by subscribing through the e-IPO facility. Link for details https://pakobserver.net/meezan-bank-granted-license-for-ipo-services/

10 Dec 18

SECP launches awareness drive about Modaraba

SECP launches awareness drive about Modaraba ALHAMDULILLAH, diversity of Shariah compliant framework is growing continuously. SECP is promoting Islamic financial system also highlighting the benefits of Islamic modes of financing . Modaraba Model potencial in exploring the current & forthcoming business opportunities in Economic development. Link for details https://pakobserver.net/secp-launches-awareness-drive-about-modaraba/

01 Dec 18

Strengthening regulatory system urged to optimize potential of Islamic finance

Strengthening regulatory system urged to optimize potential of Islamic finance Eradication of poverty, develop infrastructure, provide education, ensure access to clean water & fight climate change, proposes incentivizing risk sharing & asset backed finance. Potential of Islamic finance to help harness funds for long-term investment in development programs. Create the best regulatory system to enhance […]

28 Nov 18

ریاست مدینہ میں سود نہیں ہوگا، بلاسود بینکاری کوفروغ دیں گے: وزیرمذہبی امور

[vc_row][vc_column][vc_column_text] اسلام آباد: وفاقی وزیر مذہبی امور نورالحق قادری کا کہنا ہے کہ ریاست مدینہ میں سود نہیں ہوگا اور ہم پہلے بلاسود بینکاری کو فروغ دیں گے جس کے بعد سود کے خاتمے کی طرف بڑھیں گے۔ اسلامی نظریاتی کونسل کے اجلاس کے بعد میڈیا سے بات کرتے ہوئے وزیر مذہبی امور نے کہا […]