Madaris education and human capital development with special reference to pakistan

Abstract EN

Sharah governance is the most unique building block in the architecture of an Islamic financial system and Sharah scholars play a fundamental role in its functioning.

Madaris (religious educational institutions) are the main source of supplying the Sharah scholars.

Madaris on their part also play important role in offering educational services to the poorest of the poor in several countries.

Reforming the curriculum of Madaris has been a policy challenge.

This paper argues that incorporation of Islamic finance courses in the Madaris curriculum will not only enhance the supply of Sharah scholars to the Islamic financial industry but will also make the educational services of the Madaris more effective in developing the technical capabilities of their students.

The paper also suggests a number of initiatives that stakeholders may implement in reforming the curriculum of Madaris through Islamic finance courses.