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
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After World War I‚ European countries were devastated. Europeans were disappointed in their old governments; they felt that they had failed them by causing the war and catapulting them into a depression. Destroyed‚ they turned away from democratic governments and supported communism and fascism simply to avoid democracy. Others were intellectually lost and desperate for leadership. The government encouraged the people’s support by instilling irrational fears amongst their citizens and promising to
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should be noted that Islamic fundamentalism is highly religious in nature‚ and a religion based on the salvation of all men. Islamic fundamentalism is for the most part a modern phenomenon‚ it is impossible to grasp without first understanding at least the roots of Islam . Fundamentalist Islam is based primarily on two pillars‚ the first being that Islamic law(shuria or Sharia‚ also known as the Law of Allah) is the only valid system for regulating the law and culture as a whole. This includes
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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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Islamic Accounting Methodology Compiled By Dr. Hussien Shehata Prof. of Accounting Al-Azhar University In The Name Of ALLAH The Most Beneficien The Most Merciful Read : In name of the LORD‚ who created‚ Created man from a clot‚ Read‚ and they LORD is Most Bountiful‚ Who teaches by
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LIBERTY UNIVERSITY ISLAMIC WORLDVIEW ANALYSIS A PAPER SUBMITTED TO JEFFREY ROBINSON IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE COURSE APOL 500 LIBERTY THEOLOGICAL SEMINARY BY JUSTIN HARTPENCE LYNCHBURG‚ VIRGINIA FRIDAY‚ FEBRUARY 24‚ 2012 Table of Contents Introduction .............................................................................................................................. 3 Islamic Worldview ..................................
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to express our deepest appreciation to Mr Zainal Azhar Bin Zainal Azim who is our lecturer for Islamic Finance on giving us the opportunity to work on the assignment and providing us with lots of support and guidance which has helped us to complete the assignment on time. This assignment has brought us in making lots of research and we came across to acquire new things about Islamic Finance and Islamic banking specifically. Nevertheless‚ we would also like to thank our fellow classmates who
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Islamic Extremists Nearly everyone has heard about Islam and the Arab world. In addition‚ many countries have already faced issues with the Muslim believers. Islam has caused problems‚ terrorist attacks‚ anti-democracy all over the world. They were also very successful in sending a message of who they truly are. People who are literally obedient to the Islamic faith are called Islamic Extremists. People‚ who are of the Islamic faith however desire to survive in peace without tribulations are not
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The printing press was transformed by Johann Gutenberg‚ a German goldsmith‚ and more than 8 million books were printed in Western Europe between 1456 and 1500. This invention had an effect with the Protestant Reformation. It not only furthered the knowledge of geography‚ but it also expanded knowledge throughout the countries and whether you were wealthy or poor‚ printing made books available to the general public. By 1560‚ many people were either Catholic‚ Protestant‚ or mixed (Doc. 5). Non-Catholic
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The Mongols: How Barbaric Were the “Barbarians”? The Mongols were a militaristic‚ nomadic group that conquered many lands and forged the Mongolian Empire. They were known for their brutality and laws‚ but they also had positive impacts on the territories which they conquered. The Mongols had some very barbaric practices but like other conquerors‚ it was likely to show dominance over the conquered. More importantly‚ they were strong leaders who aided in the growth of the economy as well as diffusion
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