ISLAMIC ECONOMIC SYSTEM Definition of Economics A. Ibnu Khaldun’s Definition Economics is the study of humankind’s civilization and human association. It also refers to activity related to humankind’s livehood‚ its development‚ progress and prosperity. The economic problem resides in efforts spent by people to obtain earnings that they used to satisfy their needs and necessities‚ for refinements and luxuries‚ and for acquisition and possession. Hence we can conclude that Economics is the study of
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DEVELOPMENT AND PERFORMANCE OF ISLAMIC BANKING IN PROSPECT OF BANGLADESH [2006 – 2008] ID: 1372 REPORT On DEVELOPMENT AND PERFORMANCE OF ISLAMIC BANKING PREPARED FOR: MR. ARAFAT RAHMAN Course instructor Institute of Business Administration Jahangirnagar University PREPARED BY: Md. Muntasir Billah ID: 1372 19th batch Institute of Business Administration Jahangirnagar University Letter of transmittal April 22‚ 2008 Mr. Arafat Rahman Assistant Professor Institute of
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Sources of Islamic Law There are four sources of Islamic Law. Primary Sources: The Holy Quran The Sunnahs of the Holy Prophet (PBUH) Secondary Sources: Ijma (Consensus) Qiyas (Analogy) The Holy Quran (القرآن) Muslims believe the Quran to be the direct words of Allah‚ as revealed to and transmitted by the Prophet Muhammad صلى الله عليه وسلم. The Quran is the Most Fundamental Source of Islamic knowledge. All sources of Islamic law must be in essential agreement with the Qur’an. When the
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The beginnings of Islamic art [edit] Before the dynasties It is quite difficult to distinguish the earliest Islamic objects from their predecessors in Sasanian and Byzantine art; in fact‚ they utilize the same techniques and the same motifs. There was‚ notably‚ a significant production of unglazed ceramics‚ witnessed by a famous small bowl preserved in the Louvre‚ whose inscription assures its attribution to the Islamic period. Vegetal motifs were the most important in these early productions
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been a part of business. The article of Islamic Business Ethics & Finance: An Exploratory Study of Islamic Banks in Malaysia written by Muhammad Adli Musa studied about how Islamic finance which claims to offer global financial stability and high ethical standards should reflect Islamic values in all facets of behaviour to bring about collective morality and spirituality‚ which when integrated with the production of goods and services advance the Islamic way of life. This paper also attempts to
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Muslim Achievements: Calligraphy Calligraphy is the art of writing letters and word with decorative strokes. It is a type of visual art. (buffaloah) It was used to decorate buildings‚ swords or armor. Most of the written decorations were verses from the Qur’an. Early Muslims looked at the artistry of calligraphy as a religious expression. It was a primary form of art for Islamic visual expression and creativity. Arabic calligraphy is a symbol of representing unity‚ beauty‚ and power. Calligraphers
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Islamic banking and finance An alternative form of banking which challenges the western norms and addresses it limits. But it shouldn’t really be considered a norm just because it is developed in the West‚ based on capitalist ideas. Other forms of banking such as IBF have been around for many years’ especially Islamic countries but just ignored by economic geographers as they were in the global South. It is not an ‘emerging’ method; it has been successful in many Middle Eastern and Asian countries
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: The role of Art‚ Architecture‚ and Women in the Islamic World In many countries‚ Islamic women are educated‚ socially active‚ and pursue careers of their choosing‚ whereas other Muslim women are oppressed and denied not only basic human rights‚ but also the rights accorded to them by their faith and holy teachings. Islam came into being in a world where the most basic needs of women were consistently subjugated. Prior to the introduction of Islam‚ women were subordinate to men‚ in almost every
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ACHIEVEMENTS OF THE AQUINO ADMINISTRATION HIGHLIGHTS Revolutionary Government Proclamation No. 3‚ which established a revolutionary government‚ was issued by President Aquino after assuming her presidency. Abolishment of 1973 Constitution led to the promulgation of the provisional 1986 Freedom Constitution. This allowed Aquino to exercise both executive and legislative powers. Landmark Legislation Aquino promulgated two landmark legal codes: Family Code of 1987. This reformed the civil law on family
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Kyle Whisman Government – B1 2/15/15 DBQ The definition of democracy is “a form of government where the supreme power is vested within the people and exercised by them or by their elected agents under a free electoral system.” The main principles of democracy include majority rule with minority rights‚ competing political parties‚ individual liberty‚ and free elections. These ideals have been the foundation of American democracy since the Declaration of Independence. However‚ other democracies value
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