first model is more efficient than the others‚ particularly the third which is paradoxically largely adopted. The fourth is not recommended for its negative impact on trade. Keywords: Islamic banking‚ Islamic finance‚ musharakah‚ ijara‚ murabahah‚ riba. Sharia compliance‚ mudharabah‚ 1. Introduction Islamic finance covers the whole of the financial and legal techniques allowing the financing with goods or services in accordance with Shariah requirements. Islamic finance is provision
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The issue that will be discussed in this essay is the relationship between fiqh and economics. However‚ bear in mind‚ the type of economy that will be discussed in this issue is Islamic Economics. In order to understand the relationship between fiqh and economics‚ we must first define the two terms. Fiqh is technically defined as understanding of the practical rules of shariah which has been deducted from their detailed evidences (Quran and Sunnah). It explains the rules of shariah in facing any
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is an activity that involves making decisions on how well available resources are distributed and this is done to avoid conflicts and ultimately bring harmony in society. This is termed as politics that power centered. Both notions have merits and demerits and so by comparing them‚ one can make a distinct difference between the two. POLITICAL SCIENCE: STATE CENTERED. Since the 1980s much primacy has been placed in explaining the reality of politics. The old thinkers look at politics in terms of the
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Tibetan Culture and Art Tibetan culture and art possess a history of more than 5‚000 years‚ and the Tibetan Buddhism has had the greatest influence on this culture. The development of Tibetan culture and art proceeded through four stages: prehistoric civilization before the 7th century; cultural stability during the Tubo Kingdom; high development during the Yuan Dynasty; and the height of cultural achievement attained during the Qing Dynasty. The prehistoric stage includes all development from
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April 1992) Puri‚ Mali “Azad and Iqbal: a comparative study”. Islam and the Modern Age‚ New Delhi. 22:1 (1991 publ. 1992)‚ pp. 75-9O Qamar. M.H. “Iqbal’s Poetry”. Daily The Pakistan Times‚ LHR. (17th Jan. 1992) Shehab‚ Rafiullah. “Ijtihad‚ Iqbal‚ Riba”. Daily The Frontier Post‚ LHR. (13th Feb.‚ 1992) Shehab‚ Rafiullah. “Iqbal’s Concept of Man”.
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IGNOU MBA MS-03 Solved Assignment 2013 ------------------------------------------------- Course Code : MS-03 ------------------------------------------------- Course Title : Economic and Social Environment ------------------------------------------------- Assignment Code : MS-03/TMA/SEM-I/2013 ------------------------------------------------- Coverage : All Blocks Note : Attempt all the questions and submit this assignment on or before 30th April‚ 2013 to the coordinator
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List of Theory Topics = PAPER F9 CAPITAL INVESTMENT APPRAISAL 1) Why Companies spends money on Capital Investment? 2) Stages in Capital Investment Process 3) For Capital investment appraisals why cash flows are more appropriate than Accounting profits 4) Meaning of Relevant Cash flows and examples of Relevant Cash flows 5) Why Time Value of Money is Key Concept in investment Appraisal? 6) Assumptions of discounted cash flows 7) How inflation may complicate analysis of Decisions Difference
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UNGS 2050 Sections 40 / 41 “Ethics & Fiqh for Everyday Life” Time t-th 11.30 am 1.00pm 2.00-3.30 pm Venue LT 3 Consultation Hours: Mon. – Fr. 9. 00am – 12.00 pm References are any reliable and scientific books that deal with the topics discussed in the class. Final exam 50 % Participation‚ presentation‚ attendance 10 % Mid-term exam 20 %: to be determined 20 % Collective assignment: Collective article review (ANY of the following articles available on-line):
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the paper delivers suggestions for Shari[ah compliance of derivatives. Keywords: derivatives‚ securitization‚ structured finance‚ Islamic banking‚ Islamic finance‚ sovereign securitization‚ Shari[ah compliance‚ sukuk‚ mudarabah‚ ijarah‚ murabahah‚ riba‚ istisna[‚ gharar‚ maisir‚ maslahah. JEL Classification: D81‚ G15‚ M20. # International Monetary Fund (IMF)‚ Monetary and Capital Markets Department (MCM)‚ 700 19th Street‚ NW‚ Washington‚ D.C. 20431‚ USA; e-mail: ajobst@imf.org. The views expressed
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The number of Complementary and Alterative medicine (CAM) consumer is constantly increasing. According to the National Health Information survey in 2004‚ nearly 40% of American adults used some form of alternative therapies and spend around 30 billion dollars per year on unconventional medicine (Kayne 2008‚ p.93). The term “alternative medicine” refers to all the therapeutic practice that is not part of the conventional medicine such as: herbal medicine‚ acupuncture and yoga (Hirsch‚ 2009). Allopathic
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