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This study aims to examine the determinants of poverty among microcredit beneficiaries in Pakistan Poverty Alleviation Fund.

The study is based on a nationwide survey of microcredit beneficiaries of Pakistan Poverty Alleviation Fund. Using the national poverty line, this study classified borrowers into the poor and the non-poor. A Tobit model was estimated to examine the determinants of poverty among the borrowers.

The model was found to fit the data well and six out of the ten specified independent variables are found to be statistically significant.

The results of the study can be helpful in fully characterizing poverty dynamics and in policy formulation in using microcredit to reduce poverty.

The paper is the first to examine the determinants of poverty among Pakistan Poverty Alleviation Fund recipients.

This paper aims to study the main trends of scientific research in Islamic finance’s social aspects to clarify place, role and functions, especially in the context of increasing social problems. To achieve this goal, this paper focuses on the social component of Islamic finance, analyzes publications on social Islamic finance in the Web of Science database, covering the period from 1979 to 2020, specify the geographical localization of research networks, determines the most cited authors and their scientific position.

The authors have applied several literature review techniques, a bibliometric citation and co-citation analysis, a co-authorship analysis and a review of the most cited papers. The analyzes’ results allow us to offer five future questions in Islamic social finance, zakat and waqf, which have not been investigated before and could influence Islamic social finance and Islamic finance research.

The authors also derive and summarize five leading future research questions.

This is a limitation of using only the Web of Science Core Collection database as the premier resource and the most trusted citation index for the world’s scientific and scholarly research. Further study might expand the types of analyzed units, include more keywords and include other databases, such as Scopus.

This paper can be considered as an inspirational one to future researchers and policymakers in Islamic social finance.

This paper aims to discuss the methodology of mainstream Islamic economics and also gives an alternative approach which is yet not very much taught in the different academic institutions, i.e. Tawhidi methodology. From the curriculum of the different academic institutions and also from the literature, it is observed that mainstream Islamic economics is the imitation of the conventional economics and mainly neoclassical economics. Maqasid-i-Shari’ah is not matching with the Tawhidi one.

It is based on the self-observations of the authors where they taught during their academic career.

This study found that the mainstream Islamic economics could not be able to solve the local and global issues because it is the replica of the conventional economics only there are some injunctions of Shari’ah.

This study gives the guideline to the student of Islamic economics that how they will be able to understand the methodology of Islamic economics and finance.

It provides the guidance to the academicians and policymakers, especially those belonging to the Muslim countries.

It also provides the glimpses to the social scientist about the solutions of the social and economic issues at the local and global levels.

It is an original effort.

The main purpose of this study is to evaluate the performance of local governments in Pakistan through citizen’s satisfaction with local public service delivery in the context of the 2001 devolution plan.

Multiple-choice models are used to identify various determinants of citizen satisfaction from local governments. Demographic and socio-economic characteristics of the citizens such as age, gender, profession, education level, social status, geographical location and devolution policy (absence or presence of local government) are possible determinants of the model. While, the dependent variable is a satisfaction index constructed through exploratory factor analysis, using information obtained through a questionnaire.

The devolution policy variable is found to be statistically significant, indicating that people’s satisfaction level declined significantly when the devolution plan was rolled back. The impact of demographic and socio-economic variables on citizen satisfaction with local government is also found to be statistically significant in a majority of cases. Results indicate that people living in urban city districts are comparatively more satisfied than inhabitants of rural areas. Heterogeneity in satisfaction is found across different provinces, suggesting the need for institutional and political reforms. Moreover, people from a lower social status are more satisfied, indicating that the devolution process is in the right direction as far as reduction of income disparities is concerned.

The results suggest that there should be more provincial autonomy and national cohesion that will result in better understanding of the needs of federating units keeping the regional affiliation aside. Financial autonomy will give more resources, generate confidence and make the federating unit accountable. A decentralized set up will reduce the dependence of provinces on the center, which will allow the center to concentrate more on the national issues. However, the problem is how to materialize this and execute an efficient decentralization process in Pakistan.

This research is based on primary data collected by UNDP to conduct a social audit of local governments in Pakistan. No other research has been conducted in Pakistan to evaluate the performance of local governments using citizen satisfaction.

The purpose of this paper is to conduct a systematic literature review of research conducted in the economic Islamicity (EI) index field, in terms of non-Islamic countries.

This study thoroughly assessed the literature on the EI index by conducting extensive systematic literature reviews.

The critical analysis of these indices shows the need for amendments, which can be achieved by improving the Islamicity index seen in non-Islamic countries. This step will help validate the Islamicity index assessment and help Islamic countries develop and strengthen Islamic economic values.

As the first comprehensive literature review in the Islamicity indices domain to the best of the authors’ knowledge, this research may contribute for Islamic country to increase the Islamicity index in terms of economic issue for future research themes.