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A former director of Pakistan Institute of Development Economics and the head of Pakistan's Economic Affairs Division, Syed Nawab Haider Naqvi, [Note 5] also called for "comprehensive Islamic reform to establish an exploitation-free economic system" and not just "mechanical substitution of profit for interest."
Islamic "windows" – i.e. separate, sharia-compliant units [202] – in conventional financial institutions (for example: HSBC – HSBC Amanah, American Express Bank, ANZ Grindlays, BNP-Paribas, Chase Manhattan, UBS, Kleinwort Benson, Commercial Bank of Saudi Arabia, Ahli United Bank Kuwait, Riyad Bank); [201] (Scholars debate compliance of ...
Historical sharia(s): This includes the entire body of all principles, rules, cases and interpretations developed and transmitted throughout a history of more than one thousand years across the entire Muslim world, since the closing of the gate of free interpretation up to the present.
Neoclassical economics is an approach to economics in which the production, consumption, and valuation (pricing) of goods and services are observed as driven by the supply and demand model. [1]