Islamic Banking Analysis Haythem Joudeh February 22‚ 2013 Abstract This goal of this research is to find out if Islamic Banking is a better alternative to the Western‚ Conventional Banking. The information provided will reveal various Islamic Banking principles that would have prevented previous major economic crises and if applied globally today could prevent a major economic collapse. Islamic Banking is banking system based on Shari ’a (Islamic) Law on which it developed its unique
Premium Islamic banking Sharia
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
Premium Cairo Egypt Islam
Development of Accounting Theory Based on Islamic Principles and Accounting Standards Setting Mechanism Shaukat Amer Assistant Professor COMSAT Institute of Information Technology Attock Pakistan Shaukat_amer@comsats.edu.pk Abstract The purpose of this paper to explore the possibility to look for a new accounting theory and accounting standards setting mechanism under some of Islamic principles.The paper has discussed basic Islamic principles of “Amanah” (Custody)‚ “Shahadat” (Testimony)
Premium Hadith Muhammad Qur'an
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
Premium Islamic banking Bank Sharia
Islamic Economics Economics studies are devoted with the economical behavior of individuals and societies‚ for instance production‚ consumption‚ saving‚ good exchange and so on. Every nation is supposed to regulate the production of goods and services as demanded by the people‚ consumers‚ thus any economic system needs to answer four main questions: 1- What to produce of goods and services? 2- How to produce these goods and services? 3- Who to produce to these goods and services
Premium Economic system Economics Communism
The 12th International Conference of International Association for Computer Methods and Advances in Geomechanics (IACMAG) 1-6 October‚ 2008 Goa‚ India Earthquake Risk Mitigation Strategies in India C. Ghosh National Institute of Disaster Management‚ New Delhi‚ India Keywords: Disaster Management‚ earthquake‚ mitigation‚ building codes‚ ABSTRACT: About 59% of India’s land area is under the threat of moderate to severe earthquake shaking intensity VII and higher. In the last 20 years‚ 8 major
Premium India Earthquake Earthquake engineering
Architecture Ancient Egypt Architecture - is the architecture of ancient Egypt‚ one of the most influential civilizations throughout history‚ which developed a vast array of diverse structures and great architectural monuments along the Nile‚ among the largest and most famous of which are the Great Pyramid of Giza and the Great Sphinx of Giza. Egyptian Architectural Columns The Great Pyramid of Giza‚ which was probably completed c. 2580 BC‚ is the oldest and largest of the pyramids‚ and is the
Premium Roman Empire Hagia Sophia Ancient Rome
While some historians argue than Islamic science is simply an extension of Greco-Roman science‚ the scientific advancements made by medieval Arabs were unique compared to their Greco-Roman ancestors and quite substantial compared to their European counterparts. The idea that Islamic science is simply a continuation of Greco-Roman science may come from the extensive translation efforts made from Islamic ruler Abbasid caliph al-Mamum in the ninth century. It is important to note that while a greater
Premium Science Scientific method Isaac Newton
Differentiate between capitalism and socialism and indicate which of the two socio-economic systems is more appropriate for sustained growth and development INTRODUCTION 1. This essay shall bring out the difference between capitalism and socialism. In so doing‚ first‚ the terminologies used shall be defined and some quotes noted by early writers. The full differences between the two socio-economic systems will be discussed after which a more appropriate system will be selected and thereafter
Premium Capitalism
generally remained the same‚ with Catholicism remaining consistently more popular and Protestantism the minority. Nevertheless‚ there have been significant changes in attitudes towards Catholicism and Protestantism‚ including increased toleration between the two groups. Clearly‚ the general public had a positive attitude toward Catholicism during the religious wars. Catholic power still remained more widely acknowledged compared to Protestantism during the religious wars. For example‚ the Council
Premium Catholic Church Protestant Reformation Christianity