The objective of this paper is to examine the role of Hawala as an Informal Value Transfer System (IVTS) used for money laundering and terrorist financing activities. The paper will provide a background to Hawala as a form of IVTS and highlight the state of global regulatory response to curbing the illicit use of this otherwise benign form of IVTS. The paper will argue for a market mechanism based solution rather than control through regulatory regimes. infrastructure; remittances and regulation of informal value transfer systems.Reference to this paper should be made as follows: Farooqi, M.N. (2010) 'Curbing the use of Hawala for money laundering and terrorist financing: global regulatory response and future challenges', Int.

On Monday morning November 20, 2005 Peter Seitz, President of Dominion Hardware Inc. (DHI) headquartered in Windsor Ontario, wanted to start planning for the meeting with his two partners scheduled for December 11, 2005. It had been two months since the trio had bought the company. The purpose of the meeting was to find ways of financing the expansion of DHI over the next five years.

Purpose — The study documents the performance of the Islamic banking services industry (IBSI) in light of the Islamic finance objectives, notably financial stability, equitable distribution of wealth, and social responsibility. Design/Methodology/Approach — After drawing the performance evaluation framework based on the objectives, the research conducts a balance sheet analysis of the IBSI in Pakistan for 32 quarters (2013Q4–2021Q3). The analysis examines sources and uses of funds by looking at the application of financial contracts and sectoral distribution of financing. Objectively classified data trends are reported through graphs.  Findings — Findings suggest that the domestic IBSI has shown progress in achieving primary and intermediate objectives, including commercial performance, contribution to equitable wealth distribution, and financial stability. However, the industry’s in-practice business models lack any significant contribution to the social sector, which represents a more advanced objective. Originality/Value — The contributions to the literature include development of a performance evaluation framework based on Islamic finance objectives, and documentation of findings on the IBSI’s achievements in Pakistan. Research Implications — The study recommends that regulators develop a legal framework for business models of the IBSI. It also recommends that managers of domestic Islamic banks include the social sector as well as agricultural and rural areas in financing and investment portfolios. Article Classification — Research paper

Conducting clinical research during a 2-year critical care fellowship is a challenging endeavor. Fellows are often met with multiple barriers when considering clinical research projects during fellowship, including time, mentorship, resources, and clinical support. This paper presents the perspective and experiences of a group of critical care fellows who conducted the DRIVE-SAFE (Driving Pressure in Assisted Ventilation as a Predictor for Successful Liberation from Invasive Mechanical Ventilation) feasibility study, which aimed to determine measurable physiological variables that could be associated with lung injury and affect duration of mechanical ventilation. This paper provides a guide for trainees on how to conduct prospective clinical research at the bedside. We describe three key steps, including formulating a research question, developing appropriate methodology, and establishing outcomes. We also present the challenges that trainees may encounter when conducting prospective studies and how to overcome these challenges with proper mentorship, training, and collaboration with key stakeholders. These perspectives may provide useful guidance for current and future trainees interested in conducting prospective clinical research at the bedside.

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