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Bay Salam: A Proposed Model for Shariâ??ah Compliant Agriculture Financing

Author

Listed:
  • Asim Ehsan

    (International Islamic University, Islamabad)

  • Muhammad Asghar Shahzad

    (International Islamic University, Islamabad)

Abstract

This study focuses on the discussion of Salam financing and its prospects in agriculture sector of Pakistan economy. For this purpose, a model of Salam financing is proposed. This model can be used for a single-season crop financing as well as for multiple-seasons crop financing; though the multiple crop finance is relatively complex to execute. Primary objective of the model is the elimination of middleman involvement and specifically addressing problems faced by the small scale farmers. The study also discusses a brief comparative note on the Salam models proposed in the literature and their problems. Risks associated with the proposed model of this study are also mentioned in detail along with their mitigation procedures

Suggested Citation

  • Asim Ehsan & Muhammad Asghar Shahzad, 2015. "Bay Salam: A Proposed Model for Shariâ??ah Compliant Agriculture Financing," Business & Economic Review, Institute of Management Sciences, Peshawar, Pakistan, vol. 7(1), pages 67-80, April.
    • Handle: RePEc:bec:imsber:v:7:y:2015:i:1:p:67-80
    DOI: dx.doi.org/10.22547/BER/7.1.4
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    File URL: http://imsciences.edu.pk/files/journals/vol71/Paper%204-Bay%20Salam%20A%20Proposed%20Model%20B&ER%20Vol%207%20Issue%201.pdf
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    References listed on IDEAS

    as
    1. Mr. Aasim M. Husain & Chakriya Bowman, 2004. "Forecasting Commodity Prices: Futures Versus Judgment," IMF Working Papers 2004/041, International Monetary Fund.
    2. Zaidi, S.Akbar, 2005. "Issues in Pakistan's Economy," OUP Catalogue, Oxford University Press, edition 2, number 9780195979145.
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    Cited by:

    1. Bambang Waluyo & Sylvia Rozza, 2020. "A Model for Minimizing Problems in Salam Financing at Islamic Banks in Indonesia," International Review of Management and Marketing, Econjournals, vol. 10(2), pages 1-7.

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