A DISSERTATION ON “ISLAMIC BANKING IN INDIA-WHAT IS THE FUTURE POTENTIAL?” Introduction: The basic principles on which the Islamic banks function are prohibition of Riba i.e. collection and payment of interest and prohibition of investment in organization involved in unethical and socially harmful activity. the profits earned by a bank from its activities and returns made by a bank to the depositors shall be (a) from sharing of risk in the project and (b) profit-share agreements
Premium Islamic banking Bank Fractional-reserve banking
History has given many points of view of civilized life and ideas of the past that teach lessons on our path to perfection. The conflicts and prejudices between the Muslim and Christian people are some key examples of points of view that were key to the development of our modern day civilized life. A key person of interest in our World’s most prominent literature is Dante. Famous for his beautifully crafted Divine Comedy‚ Dante has provided the basis for Italian literature even until this day
Premium Islam Christianity Muhammad
Educational Leadership: An Islamic Perspective Dr. Walid Ahmad Masa’dah‚ Department of Islamic Studies‚ College of Shari ’ah and Islamic Studies‚Yarmouk University‚ Irbid‚ Jordan And Dr. Ali Mohammad Jubran‚ Department of Islamic Studies‚ College of Shari ’ah and Islamic Studies‚Yarmouk University‚ Irbid‚ Jordan ABSTRACT This paper aimes to identify the main features of educational leadership from an Islamic perspective. It is an attempt to contribute to the development and understanding
Premium Leadership Islam Muhammad
2003 MVRS PUBLICATIONS‚ INC.‚ MARS C. LACONSAY‚ MYLA C. AGUJA and AGUSTINO G. BINEGAS‚ JR.‚ petitioners‚ vs. ISLAMIC DA’WAH COUNCIL OF THE PHILIPPINES‚ INC.‚ ABDULRAHMAN R.T. LINZAG‚ IBRAHIM F.P. ARCILLA‚ ABDUL RASHID DE GUZMAN‚ AL-FARED DA SILVA and IBRAHIM B.A. JUNIO‚ respondents. ISSUE: Whether or not there was an existence of the elements of libel in the Bulgar article. FACTS: 1. ISLAMIC DA’WAH COUNCIL OF THE PHILIPPINES‚ INC.‚ a local federation of more than seventy (70) Muslim religious organizations
Free Pleading Islam Tort
………………..33 Chapter 1 Introduction and History 1.1) Introduction Thirty years ago‚ Dubai Islamic Bank ( ’DIB ’) created history by becoming the world ’s first Islamic Bank. Today‚ Islamic banking has become one of the fastest growing economic sectors with over 300 financial institutions‚ with assets estimated at over US $300 billion providing Islamic financial services. Despite huge growth in the sector DIB continues to be the industry pioneer and undisputed market leader
Premium Bank Islamic banking
“Vegetal Pattern in Islamic Art†Vegetal pattern‚ one of the major types of ornament‚ is also can be called Arabesque which means “in the Arab fashion†in French. Arabesque is a repetition in Islamic art which is used in many places in Islamic art. Vegetal pattern is used very often in Islamic art‚ because people do not portray images of human. The reason that human portrayals cannot be found as many as vegetal patterns is that Muslims feared to depict the human form‚ since they thought
Premium Islam Pashmina Carpet
Islamic Da’wah and the Role of a Muslim Introduction Ever since man existed on this earth‚ he has been trying to know himself and in all cases in which he does not follow the divine revelations‚ he gets misguided and confused between two extremes; sometimes he thinks that he is the greatest in this universe and so he gets filled with selfishness‚ oppressiveness and arrogance that would drive him to disbelieve in Allah and to be oppressive and corruptive. Because of this confusion that man has
Premium Islam Muhammad Muslim
supporting documents by a professional‚ such as a Certified Public Accountant. According to AlBaraka‚ Islamic bank is an institution that mobilizes financial resources and invests that money in an attempt to achieve pre-determined islamically - acceptable social and financial objectives. Both mobilization and investment of money should be conducted in accordance with the principles of Islamic Sha’riah whereas according to Ustaz Hj Zaharuddin (2007) stated that conventional bank operates based on
Premium Audit Financial audit Auditing
An Introduction to Takaful – An Alternative to Insurance By (Muhammad Ayub)∗ Islamic finance has developed mainly in two directions namely Islamic banking and Islamic insurance (Takaful). While information about Islamic banking is being increasingly disseminated‚ features‚ models and structures of Takaful are little known particularly in Pakistan. Purpose of this brief article is to describe main features and models of Takaful system operating in various parts of the world. All human beings
Premium Islamic banking Insurance Sharia
Kalima. • Deen-e-Hanif is an old name of Islam. • First institution of Islam is Suffah. • Haq Mahar in Islam is fixed only 400 misqal. • Ijma means ageing upon any subject. • Qayas means reasoning by analogy. • There are four schools of thought of Islamic Law. • Janatul Baki is situated in Madina. • Masjid-e-Hanif is located in Mina. • JANAT UL MOALA is a graveyard in MECCA. • Qazaf: false accusation of
Premium Muhammad Ali Qur'an