تلخیص
The socio-economic conditions of a vast majority of small farmers in developing
and poor countries are miserable. There are various factors which hurt poor
farmers like the shortage of water, costly seeds and fertilizers, poor patronage
from the government, olden cultivation techniques, illiteracy and lack of training.
These problems no doubt hurt the farmers at large. The lack of credit is one of the
most serious issues which not only impedes the agricultural performance but also
the welfare of farmers. The existing credit schemes for farmers in Pakistan have
many demerits. Among them are exploitative conditions, interest-based, accessdifficult and cumbersome procedures. Islam, in the form of Bay’s Salam, provides
an alternative credit system that is not only much easier but also free from
exploitation and many ills of conventional forms of credit. With the exception of
the last century, Bay’ Slam had been practiced widely in many Muslim countries
and had served the poor farming communities effectively. This paper analyses the
potential and scope of Bay’ Salam as a substitute to the existing forms of
agricultural credit using secondary and primary data.
Naeem Ahmed, Dr. Muhammad Tahir Mansoori, Dr. Atiquzzafar Khan. (2018) Exploring the Scope and Socio-Economic Benefits of Bay’ Salam for the Agriculture Sector in Pakistan, Islamic Banking and Finance Review, Volume 5, Issue 1.
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