JADDAH: Dr. Muhammad Umer Chapra, a prominent Pakistani-Saudi economist and one of the founders of Islamic economics and banking, has passed away at the age of 93.
Dr. Muhammad Umer Chapra served as a senior economic advisor to the Saudi Arabian Monetary Agency (SAMA) and the Islamic Development Bank (IDB) for a long time.
In recognition of his services, he was also awarded the King Faisal International Award in 1990.
Dr. Muhammad Umer Chapra was a prominent thinker in Islamic economics and Islamic history. His famous books include Muslim Civilization – Why Its Decline and Why Its Reformation (this is the Urdu translation of his famous English book, Muslim Civilization).
Similarly, Islam and the Economic Challenge and The Future of Economics: An Islamic Perspective are also among his famous books.
TEHRAN: The funeral prayer of the martyred Supreme Leader of Iran, Ayatollah Ali Khamenei, has…
LAHORE: Pakistan's national Test team for the tour of the West Indies and England will…
KARACHI: The Iranian Rial continues to face significant challenges internationally due to sanctions and economic conditions. It…
KARACHI: Gold and silver prices recorded a decline in both international and local markets on…
ABBOTTABAD: PCB has signed an agreement to build a cricket ground in Abbottabad city. A…
LAHORE: Punjab Housing Minister Bilal Yasin says that under the “Apni Chhat Apna Ghar” program,…