My opinion about Islamic finance is when all the transaction not only in banking but in business too‚ that occur must be in accordance with the law of Al-Quran‚ Hadith and Al-Sunnah. It also related with halal and non-halal transaction. In general‚ Islamic finance is defined as a banking system which uses the Syariah as a rule. This means that all operations of the Islamic bank transaction involving either deposit or financing‚ must be based on Syariah principle. These laws forbid to giving and receiving
Premium Islamic banking Bank Debt
Islamic architecture encompasses a wide range of both secular and religious styles from the foundation of Islam to the present day‚ influencing the design and construction of buildings and structures in Islamic culture. The principal Islamic architectural types are: the Mosque‚ the Tomb‚ the Palace and the Fort. From these four types‚ the vocabulary of Islamic architecture is derived and used for buildings of lesser importance such as public baths‚ fountains and domestic architecture. * 3.1 Persian
Premium Islamic architecture Iran Ottoman Empire
Islamic Banking is a banking system that is based on the principles of Islamic law (also known Shariah) and guided by Islamic economics. The Islamic banking today has become most popular and reliable financial system in the world. The history and evolution of Islamic Banking dates back over 14 centuries ago to the origins of Islam when the Holy Quran was first revealed to Prophet Mohammed (PBUH)‚ hence encompassing a complete set of rules and regulations for all aspects of life put forth in
Premium Sharia Muhammad Qur'an
TOPIC: Islamic Pottery Islamic Pottery Occupation Medieval Islamic pottery occupied a geographical position between Chinese ceramics and the pottery of the Byzantine Empire and Europe. For most of the period it can fairly be said to have been between the two in terms of aesthetic achievement and influence as well‚ borrowing from China and exporting to and influencing Byzantium and Europe. The use of drinking and eating vessels in gold and silver‚ the ideal in ancient Rome
Premium Islam Pottery China
Which is more valuable to civilization – written or spoken communication? Oral traditions are viewed as “the means by which knowledge is reproduced‚ preserved and conveyed from generation to generation…” – Renee Hulan‚ Renate Eigenbrod. It is clear that greater value has to be placed on our verbal communication skills because of how integral it is in our everyday lives as a civilization. Imagine a world without the ability to speak or communicate with each other in an oral fashion. For one
Free Communication Writing
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
Premium Islamic banking Bank Sharia
References: Annual reports of the Standard Chartered PLC for years ended 31st December 2006‚2007 and 2008 Annual reports of the Islamic Bank of Britain for years ended 31st December 2006‚2007 and 2008 http://www.imf.org/external/pubs/ft/survey/so/2010/res100410a.htm
Premium Bank Financial services
The Age of Democracy and the Age of Absolutism were two different periods of time. The age of Enlightenment had new ideas spreading throughout the world about government and human rights. The enlightenment was a great period of establishment of democracy .A democracy is when the common people are considered as the primary source of political power. Throughout the enlightenment there were philosophers who believed greatly in a democratic government. Some of the most familiar philosophers were Voltaire
Premium Age of Enlightenment Democracy Monarchy
In present-day times‚ the American political system is most frequently associated with the ongoing issues between political parties. Two major political parties that formed during the 1790s were The Democratic-Republicans (Anti Federalist party) led by Thomas Jefferson‚ and the Federalists‚ led by Alexander Hamilton. But several years ago these political parties did not exist and many of the leaders were pleased they didn’t. George Washington warned America’s people of the dangers of these separate
Premium John Adams Democratic-Republican Party James Madison
Islamic Women...Is There an End to their sufferings? The question proposed in the title is basically a direct response after going through Geraldine Brooks’ essay “Nine Parts of Desire; The Hidden World of Islamic Women” in its second chapter. Geraldine poses several ideas and personal experiences in which she tries to understand the mystery of the perpetuating repressive and barbaric practices (genital mutilation‚ infibulations‚ hysterectomy‚ and honor killings) that have nothing to
Premium Marriage Adultery Muhammad