Tag: Islamic Finance

By Grace Mubashir Development is the goal of all societies whereas the definition of development is relative. Development is the progress in the social and economic structure. Reduction in poverty, elimination of social isolation, increase in public facilities, and thereby relative change in the standard of living of the people – all these are generally included in the development dream. Economics answers the question of how to measure these by suggesting that per capita income growth indicator. In post-independence India, per capita income is used as an index of development...