Introduction Islamic banking is banking based on Islamic law (Shariah). It follows the Shariah‚ called fiqh muamalat (Islamic rules on transactions). The rules and practices of fiqh muamalat came from the Quran and the Sunnah‚ and other secondary sources of Islamic law such as opinions collectively agreed among Shariah scholars (ijma’)‚ analogy (qiyas) and personal reasoning (ijtihad). The credibility of the Islamic banking activities is highly dependent on the credibility of the Shariah advisers
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reference source for decision makers in the global Islamic finance industry‚ providing strategic insights from Ernst & Young Dear Banking & Finance Leader‚ It is with great pleasure that we present to you the 9th annual edition of the World Islamic Banking Competitiveness Report 2012/13‚ developed in collaboration with leading global professional services and advisory firm Ernst & Young‚ and exclusively launched onsite at the 19th Annual World Islamic Banking Conference (WIBC 2012) during a specially
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limited‚ if any‚ consideration of ecological processes (e.g.‚ hydrological process) Targets only specific resources of interest; typically those of commercial value Conflicting management policies Comparision Islamic management and conventional management 1.2 CONVENTIONAL AND ISLAMIC UNIT TRUSTS 1.2.1 CONVENTIONAL UNIT TRUSTS Based on the Guidelines on Unit Trust Funds issued by the Securities Commission in October 1991‚ a unit trust fund company can only invest in authorized Malaysian assets
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Islamic Banking Analysis Haythem Joudeh February 22‚ 2013 Abstract This goal of this research is to find out if Islamic Banking is a better alternative to the Western‚ Conventional Banking. The information provided will reveal various Islamic Banking principles that would have prevented previous major economic crises and if applied globally today could prevent a major economic collapse. Islamic Banking is banking system based on Shari ’a (Islamic) Law on which it developed its unique
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The Spread of Christianity promoted division because of all the killing and disagreement. if the spread of Christianity was more peaceful than it would definitely be unifying. But it most certainly was not. Many many christians were killed trying to spread christianity. After Jesus died‚ one of his disciples‚ Peter‚ gave the first Christian sermon. When peter gave his sermon‚ three thousand people joined Christianity. The religion reached all the way to Rome. Some Roman emperors were angry because
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AP World History Block 8 DBQ After reviewing these documents‚ it is clear that the Islamic civilization was able to besiege such an extensive empire by spreading the Islamic belief throughout various methods. Throughout these documents‚ Islam is shown to spread quickly because of the Muslim’s respect toward other people’s religion. Furthermore‚ Muslims also used war and battle to grow the Islamic empire and reach other lands. Finally‚ the Islamic civilization practiced a moral principle –
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BASIS OF INCOME RECOGNITION FROM ISLAMIC PERSPECTIVE Yosita Nur Wirdayanti ABSTRACT This paper addresses the issue of basis of income recognition from Islamic perspective. In Islamic banks‚ income recognition is very important since it will determine amount of profit that will be distributed to depositors. Begin with accounting principles from Islamic perspective‚ this paper discusses the concept of accrual and cash basis and scholar opinion about this basis of accounting. Both accrual and cash
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Causes and spread of infection Micro-organisms that cause infections are known as pathogens. They may be classified as follows: Bacteria: minute organisms about one-thousandth to five-thousandths of a millimetre in diameter. They are susceptible to a greater or lesser extent to antibiotics. Viruses: much smaller than bacteria and although they may survive outside the body for a time they can only grow inside cells of the body. Viruses are not susceptible to antibiotics‚ but there are a few
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Farooq Associate Professor of Economics and Finance Upper Iowa University June 2006 [Draft; Feedback welcome] [pic]The Readers are highly encouraged to read another of my essays "Islamic Law and the Use and Abuse of Hadith" before this one to better follow and appreciate this essay. NOTE for fellow Muslims: Because this topic involves what is haram (prohibited) and halal (permissible) in Islam‚ every Muslim MUST do
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ASSIGNMENT OF ISLAMIC ECONOMICS TOPIC ECONOMIC IMPLEMENTATION OF REDISTRIBUTIVE MEASURES OF ISLAMIC SOCIETY WITH REFERENCE TO PAKISTAN REDISTRIBUTION OF WEALTH Redistribution of wealth is
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