BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//Maqasid Institute - ECPv6.15.11//NONSGML v1.0//EN
CALSCALE:GREGORIAN
METHOD:PUBLISH
X-ORIGINAL-URL:https://d3jtdqagmgmegi.cloudfront.net
X-WR-CALDESC:Events for Maqasid Institute
REFRESH-INTERVAL;VALUE=DURATION:PT1H
X-Robots-Tag:noindex
X-PUBLISHED-TTL:PT1H
BEGIN:VTIMEZONE
TZID:Asia/Riyadh
BEGIN:STANDARD
TZOFFSETFROM:+0300
TZOFFSETTO:+0300
TZNAME:+03
DTSTART:20230101T000000
END:STANDARD
END:VTIMEZONE
BEGIN:VEVENT
DTSTART;TZID=Asia/Riyadh:20240914T170000
DTEND;TZID=Asia/Riyadh:20240914T190000
DTSTAMP:20260404T165958
CREATED:20240910T165332Z
LAST-MODIFIED:20240910T213220Z
UID:9322-1726333200-1726340400@d3jtdqagmgmegi.cloudfront.net
SUMMARY:Full Reserve Banking aiming to eliminate High Inflation\, massive Government Debt\, Interest cost and Unemployment
DESCRIPTION:Pakistan is currently grappling with high inflation\, massive government debt\, and soaring interest costs. To address these issues\, a new proposal advocates for the implementation of full reserve banking. This approach aims to transform the financial landscape by completely separating money from credit\, potentially eliminating government debt and reducing interest costs. \nFull reserve banking\, endorsed by economists like Milton Friedman\, would enable the State Bank of Pakistan to control money creation more effectively. This system ensures banks act as true intermediaries and helps enhance financial stability by reallocating funds to productive investments. It aligns with Islamic finance principles of equity\, transparency\, and risk-sharing\, promoting ethical and sustainable economic growth. \nBy adopting full reserve banking\, Pakistan could achieve immediate relief from debt burdens and move towards a more inclusive and stable financial future. \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n  \nBy Mr. Qanit Khalilullah  \nA Highly Experienced Finance Expert\, Business Leader\, and Economist \nQanit is an accomplished finance and business leader with expertise in financial\, supply chain\, and tax management. His notable roles include Head of Internal Audit at Unilever Pakistan and Executive Vice President at Ufone. A Fellow of the Institute of Chartered Accountants of Pakistan and England & Wales\, and the Chartered Institute of Management Accountants (CIMA) UK\, he also completed a Senior Leadership program at Harvard Business School. Currently an Executive Director at a consulting firm\, he is also a member of the Accounting Standards Board and Chairman of the Audit Committee at the Character Education Foundation. His specializations include economics\, public policy\, financial planning\, and business advisory. \n\n\n\n\n\nTitle: Full Reserve Banking aiming to eliminate High Inflation\, massive Government Debt\, Interest cost and Unemployment \nDate: September 12\, 2024\nTime; 17.00 Makkah/Istanbul\nOnline via ZOOM\nTo get the link to the event\, please click the link below to register\nhttps://maqasid.org/?ff_landing=14
URL:https://d3jtdqagmgmegi.cloudfront.net/event/full-reserve-banking/
LOCATION:Online via ZOOM
CATEGORIES:Forum
ATTACH;FMTTYPE=image/jpeg:https://d3jtdqagmgmegi.cloudfront.net/wp-content/uploads/2024/09/WhatsApp-Image-2024-09-10-at-1.51.55-PM.jpeg
END:VEVENT
END:VCALENDAR