Vivek S. Kanojiya (78) 1 INTRODUCTION TO ISLAMIC BANKING Islamic Banking refers to a system of banking or banking activity that is consistent with the principles of Islamic law (Shariah) .Shariah prohibits Riba. . i.e. interest free business. It is based on the Islamic economic system. It is not restricted to Muslims only. 2 EVOLUTION OF ISLAMIC BANKING Islamic banks are seen to involve themselves as financial intermediaries and investment oriented institutions in bringing
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What are the impacts of the global financial crisis on Islamic banking system and how Islamic bank spared from the crisis? Accounting Master ’s thesis Salad Addawe 2012 Department of Accounting Aalto University School of Economics i What are the impacts of the global financial crisis on Islamic banking system and how Islamic bank spared from the crisis? Master’s Thesis Salad Araye Addawe Winter 2012 Accounting Approved in the Department of
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thoughtful ideas and bound us in the boundaries of ethics. Islamic Education is one of the best systems of education‚ which makes an ethical groomed person with all the qualities‚ which he/she should have as a human being. The Western world has created the wrong image of Islam in the world. They don’t know that our teachings are directly given to us from Allah‚ who is the creator of this world‚ through our Prophets. The students of an islamic school are well groomed‚ ethical‚ educated and best citizens
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Judeo-Christian line adhering to the same prophets • Two major branches with several sub-sects each • • • • Islamic Populations • With 1.6 Billion people‚ Islam is the worlds 2nd largest religion • Sizeable minorities in almost every country around the world History of Islam • Islam founded by Prophet Muhammad in 610 C.E. • Rapid growth through the Umayyad Caliphate 750 C.E. Islamic Schism With Muhammad’s death in 632 C.E. a dispute between his followers occurred. Most followed his Father
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A Comparative Study of Islamic Banking in Pakistan: Proposing and Testing a Model BY Ashfaq Ahmad PhD Scholar 117/FUIMCS/Ph.D(MS)-2006 FACULTY OF MANAGEMENT SCIENCES 2009 A Comparative Study of Islamic Banking in Pakistan: Proposing and Testing a Model A thesis submitted to the FUIEMS Foundation University‚ Islamabad In partial fulfillment of the requirements for the degree of DOCTOR OF PHILOSOPHY In MANAGEMENT SCIENCES BY Ashfaq Ahmad PhD Scholar FACULTY OF MANAGEMENT SCIENCES 2009 APPROVAL
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Over the course of history‚ there have been many religious conflicts and wars‚ specifically the era of Islamic Spain (711-1492). Islamic Spain was a multi-cultural mix between the three great religions at that time‚ which consisted of Muslims‚ Christians‚ and Jews. For over 700 years‚ the era in which Islamic rulers governed was broken into five different successions which consisted of the Dependant Emirate (711-756)‚ the Independent Emirate (756-929)‚ the Caliphate (929-1031)‚ the Almoravid Era
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these characteristics come together. The Islamic discourse is therefore the most genuine and truthful expression and translations of the characteristics of the Islamic society‚ and the civilizational identity of the Islamic world. A discourse cannot be Islamic unless it reflected the Islamic Ummah’s identity‚ defended its interests upheld its causes and mirrored its thought. The discourse must be genuine‚ truthful‚ honest‚ serving first and foremost the Islamic interests‚ moderate‚ fair‚ equitable
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The Formation of Islamic Law In pre-Islamic time law lacked a formal structure as there was no set of laws that united the Arabic world. Towns‚ cities and rural areas all held different laws that were based on tribal tradition. With the revelations of the Prophet‚ a new religion was born: Islam. The Prophet began to introduce the word of Allah to the people and with that came basic laws that provided an introduction to law. The formation of Islamic law was based on three things‚ the Qur’an‚ the
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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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Islamic Economics Institution Of Bait-ul-Maal By Muhammad Adeel Mian Sajjad Naqwi Sec-H Presented to: Miss Tahseen Lahore School of Economics BAIT-UL-MAAL Introduction The bait-ul-maal is a unique institute which was established for the economic prosperity of the people. As we all know in the Islamic system of life sovereignty belongs to Allah and man is His vicegerent on earth. Similarly the same concept applies to Bait-ul-maal‚ where Allah is sole master of this treasury while the
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