Scribd
Upload
4 views3 pages

Fall 2025 - FIN624 - 1

The assignment for the course Islamic Modes of Finance (FIN624) requires students to evaluate their understanding of Islamic finance in Pakistan, focusing on its historical development in the 1960s and 1980s. Students must address the initial steps taken towards establishing an Islamic financial system and identify challenges faced in implementing interest-free banking during that period. The assignment has specific formatting, submission guidelines, and a strict due date of November 4, 2025, with a grace period for emergencies.

Uploaded by

amirjobs45
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
4 views3 pages

Fall 2025 - FIN624 - 1

The assignment for the course Islamic Modes of Finance (FIN624) requires students to evaluate their understanding of Islamic finance in Pakistan, focusing on its historical development in the 1960s and 1980s. Students must address the initial steps taken towards establishing an Islamic financial system and identify challenges faced in implementing interest-free banking during that period. The assignment has specific formatting, submission guidelines, and a strict due date of November 4, 2025, with a grace period for emergencies.

Uploaded by

amirjobs45
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

SEMESTER FALL 2025

ISLAMIC MODES OF FINANCE (FIN624)


ASSIGNMENT NO.01
DUE DATE: NOVEMBER 04, 2025
MARKS: 10
ASSIGNMENT:
Learning Objectives:
The objective of this assignment is to evaluate your understanding about Islamic Finance in
Pakistan.

Case:
Islamic finance in Pakistan has a history shaped by the country's desire to align its economic
system with Islamic principles. Early attempts made to establish an Islamic financial system in
Pakistan, particularly during the 1960s and 1980s. These efforts reflect Pakistan's unique socio-
political environment and aspirations for an economic system that avoids Riba (interest), which
is prohibited in Islam.

Questions:
Explain the background and initial steps in the 1960s and 1980s period for Islamic finance ideas
in Pakistan. (5 Marks)

Identify and explain at least two challenges Pakistan faced in implementing interest-free banking
during the 1980s. (5 Marks)

Guidelines:

Word Count: Each answer should be around 150–200 words.


References: Cite relevant laws, historical events, and any literature from Islamic scholars that
have influenced Islamic finance development in Pakistan.
IMPORTANT:
24 hours extra / grace period after the due date is usually available to overcome
uploading difficulties. This extra time should only be used to meet the emergencies
and above mentioned due dates should always be treated as final to avoid any
inconvenience.
IMPORTANT INSTRUCTIONS/ SOLUTION GUIDELINES/ SPECIAL
INSTRUCTIONS

DO YOUR WORK CLEAN & COMPLETE


OTHER IMPORTANT INSTRUCTIONS:
DEADLINE:
• Make sure to upload the solution file before the due date on VULMS.
• Any submission made via email after the due date will not be accepted.
FORMATTING GUIDELINES:
• Use the font style “Times New Roman” or “Arial” and font size “12”.
• It is advised to compose your document in MS-Word format.
• You may also compose your assignment in Open Office format.
• Use black and blue font colors only.

REFERENCING GUIDELINES:
• Use APA style for referencing and citation. For guidance search “APA
reference style” in Google and read various websites containing information
for better understanding or visit
[Link]
RULES FOR MARKING
Please note that your assignment will not be graded or graded as Zero (0), if:
• It is submitted after the due date.
• The file you uploaded does not open or is corrupt.
• It is in any format other than MS-Word or Open Office; e.g. Excel,
PowerPoint, PDF etc.
• It is cheated or copied from other students, internet, books, journals etc.

Note related to load shedding: Please be proactive


Dear students!
As you know that Pre Mid-Term semester activities have started and load
shedding problem is also prevailing in our country. Keeping in view the
fact, you all are advised to post your activities as early as possible without
waiting for the due date. For your convenience; activity schedule has
already been uploaded on VULMS for the current semester, therefore no
excuse will be entertained after due date of assignments, quizzes or GDBs.

You might also like