for water. Millions of Muslims today drink from the well while performing their pilgrimage to Mecca 3. What is the Ka’bah? One of the most sacred sites in Islam‚ it is a large marble structure located in the middle of al Masjid al Haram (Sacred Mosque). It’s said to be built by Abraham and his son Ishmael to dedicate to Allah‚ and also houses the sacred Black Stone. No matter where you are‚ Muslims supposed to be facing the direction of Kaaba when in prayer. 4.
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International Islamic Financial Markets Conference‚ Bahrain ISLAMIC UNIT TRUSTS Shahrin Shaikh Mohd Securities Commission‚ Malaysia 19 June 2007 Malaysian Unit Trusts Industry - Where we are @ 31 March 2007 Total Number of Operators Total Number of Unit Trusts Total Net Asset Value Bursa Malaysia Market Capitalisation % of NAV to Bursa Malaysia Market Capitalisation No. of Unitholder Accounts 36 414 USD38.34 bn USD281.46 billion 13.62% 11.3 million Total Number of Islamic Unit Trusts
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Ghada AL Ghazali ID: 37506‚ Professor: George Naufal The Main concept of Islamic banking vs. conventional banking systems Introduction Islamic finance is one of the fastest growing sectors of the global financial industry. It has become essential in some countries and very relevant in others. Many factors have influenced to the rapid growth of Islamic finance‚ including: (i) high demand in many Islamic countries; (ii) growing demand of foreign investors to invest in Islamic banks‚ along
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The Islamic Republic of Pakistan is bordered in the north-west by Afghanistan‚ north by the former USSR and China‚ east by India and south by the Arabian Sea. The Muslim state that emerged from partition of British India on 14 August 1947 included an eastern wing comprising mainly the eastern half of Bengal province and parts of Assam. (The name Pakistan is coinage representing ’Punjab‚ the Afghan border states‚ Kashmir‚ Sing and Baluchistan’) For nine years Pakistan remained a dominion. It was
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SUMMARY DEVELOPMENT OF ISLAMIC FINANCIAL PRODUCTS - THE ABRAR EXPERIENCE – Introduction The reason that the Islamic Financial Institutions has yet to design a flexible instrument such as overdraft facilities of the conventional banks because products that are in nature short term‚ revolving and competitively priced are difficult to structure and design among the Islamic financial products. This has become a challenge to Islamic bankers where they want to develop financing structures that are
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3–2 Payroll Accounting Employer’s FICA (OASDI) TaxesSuccessor Employer A SELF-EMPLOYED PERSONSelf-Employment Income Self-Employment OASDI/HI TaxesTaxable Year Reporting Self-Employment Income EMPLOYER IDENTIFICATION NUMBEREMPLOYEE’S APPLICATION FOR SOCIAL SECURITY CARD (FORM SS-5)Verifying Social Security NumbersRETURNS REQUIRED FOR SOCIAL SECURITY PURPOSESDeposit Requirements (Nonagricultural Workers) Monthly Semiweekly One-Day Credit Against the Required DepositsThe Safe Harbor
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the verbal noun of Gharar. Legitimate definition: Ibn Hazm said‚ Gharar in sales occurs when the purchaser does not know what he has bought and the seller does not know what he has sold. Al-Sarkhasy: One of the most famous jurists of Hanafi school said:" Gharar occurs when consequences are concealed." Al-Zailii: A famous jurist of the same school said’ "Gharar occurs when consequences are unknown and when it is not certain whether something will take place or not." Ibn Abdinsaid‚" Gharar
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Mirriam Webster defines art as “the conscious use of skill and creative imagination especially in the production of aesthetic objects”. It is a broad definition‚ because nothing about art is specific. Art has many different meanings‚ takes many different forms‚ and achieves many different things. Culture‚ including religion‚ greatly influences art. The artistic works of a culture may reflect a lifestyle‚ language‚ religion‚ or belief of said culture. Some would consider the heart of art in our modern
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Seminar Discover Malaysia : Your Muslim Friendly Destination organized by Tourism Islamic Malaysia. The seminar attract me because there is many Muslims travelers looking a travel destination that can give them a halal food to eat and facility for them to pray such as mosque. This seminar promote Malaysia as a destination for a Muslim travelers and this is what attract me the most. ABOUT SEMINAR Islamic tourism in Southeast Asia is steadily increasing in popularity especially with
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l “Chainsaw Al Dunlap”: A New Breed of Manager? West Point graduate Albert J. Dunlap‚ former chairman and CEO of Scott Paper Company‚ claims that the U.S. Military Academy made him “tenacious and very organized”. Others say his experience gave him an “inyour-face attitude rare among executives” and made him a valuable hired gun for straightening out troubled companies. Dunlap is known to attack and challenge nearly every premise and person that gets in his sight. Those who interfere with his efforts
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