LAW 240 ISLAMIC BANKING PRODUCT 05/29/13 ISLAMIC BANKING PRODUCT 1 05/29/13 ISLAMIC BANKING PRODUCT 2 05/29/13 ISLAMIC BANKING PRODUCT 3 AL-WADIAH (CURRENT A/C) • Based on the Islamic principle of Al-Wadi’ah Yad-Dhamanah (Guaranteed Safe Custody) • Can withdraw all or part of money whenever want. • Free from Riba (Usury) and is the clear and pure way to bank. • Can be opened by an individual aged 18 years and above with the capacity to contract‚ or a company‚ organisation
Premium Islamic banking Profit Contract
‘Nature of Islamic Economics’ ‘’Islamic economy identifies and promotes an economic order that conforms to Islamic scripture and traditions". Economic problems started with the birth of men and become more complicated with the development in the wants of men as the men is surrounded by wants. According to western scholars economics is the study of wants and scarcity and the reaction towards the ends and wants of the people. Adam Smith is regarded as the Father of economics due to his famous book
Premium Economics Adam Smith Western world
The Americas and Cultural Exchange in Central and Southern Asia The Americas and Cultural Exchange in Central and Southern Asia Allied American University This paper was prepared for World Civilizations I‚ homework assignment 6‚ taught by Professor Harmon. PART I 1. How did early peoples in the Americas adapt to their environment as they created technologies of food production and economics systems? The environment shaped the history of human settlements
Free Mongol Empire Genghis Khan Mesoamerica
MANAGEMENT FROM ISLAMIC PERSPECTIVE DEFINITION ♛ Management from Islamic perspective defined as‚ the ability to utilize resources both material and human‚ optimally in order to achieve goals‚ be it short term or long-term goals. ♛ It has been practiced since the era of our prophet‚ Muhammad s.a.w. It based on the teachings generated from the holy Al’-Quran and the As’-Sunnah. It sources that provided guidance in making decisions. ♛ The leadership under our prophet Muhammad s.a.w through the Islamic way of
Premium Muhammad Management Muslim
It wasn ’t until 622 AD that the Islamic religion took its lead. It started with the creator‚ Prophet Muhammad and his followers fleeing to the town of Yathrib and starting the first Hijra movement. This movement began the popularity of the Islamic faith (Patel). Today the Islamic faith is one of the most practiced religions in the world. The Islamic faith goes back to the town of Mecca‚ which is considered for them the holiest place in the world. The Kaaba‚ which is located in Mecca‚ holds many
Premium Islam Muhammad Sharia
Early civilizations influence our culture in many different aspects. Ranging from religion to governmental structures‚ civilizations have blended their traditions and practices and make the people we are today. The influences early African and Mesoamerican civilizations had on history were as important as the influences of the large eurasian empire‚ Mesopotamia. Religion has come far through time. Mesopotamia practiced polytheistic religions and built ziggurats‚ temples used for worshiping the gods
Premium Civilization Sumer Cradle of civilization
Our updated Terms of Use will become effective on May 25‚ 2012. Find out more. ------------------------------------------------- Indus Valley Civilization From Wikipedia‚ the free encyclopedia Extent of the Indus Valley Civilization imposed over modern borders Bronze AgeThis box: * view * talk * edit | ↑ Chalcolithic | Near East (3300-1200 BCE)Caucasus‚ Anatolia‚ Levant‚ Egypt‚ Mesopotamia‚ Elam‚ JiroftBronze Age collapseEurope (3200-600 BCE)Aegean (Minoan)CaucasusBasarabi cultureCoțofeni
Premium Indus Valley Civilization
References: 1. Abdul‚ Ghafoor‚ A.L.M. Islamic Banking‚ Interest– free Commercial Banking‚ Geroningen: Apptec Publications‚ 1995. 4. A.H. Farooque‚ interest-free banking in Pakistan‚ Institute of bankers in Pakistan-Karachi‚ 1980 5 6. Ahmad‚ Ziauddin‚ et al.‚ eds.‚ (1983) Money and Banking in Islam‚ Islamabad: Institute of Policy Studies. 7. Ahmad‚ Ziauddin. (1984) "Concept and Models of Islamic Banking: An Assessment‚" paper presented at the Seminar on Islamization
Premium Islamic banking Islam Riba
Introduction Many developments highlighted world history between 1450 and 1750‚ which marked a major new period – the early modern – in the global experience. The balance of power among major civilizations shifted; Western Europe became the most dramatic force worldwide. Contacts among the civilizations intensified. The world became smaller as trade affected diverse societies and the speed and size of ships increased. The growth of commerce affected all continents but its greatest impact was in
Premium Europe Western Europe Russia
Theme 1 - Lesson 1: TEXT: Clash of civilization? Salman Rushdie: Fighting the forces of Invisibility. From: Washington Post‚ October 2‚ 2001. Phase of presentation Ethos: Rushdie starts out referring to a newspaper column that he wrote in January 2000‚ here he makes clear that his predictions came true and that the worst case scenario might be to surrender all liberty rights for security and temporary safety. The main point he presents is fear of an invisible democracy after the terror
Free Writing Rhetoric Karl Marx