ISLAMIC EXPANDTION early Islamic Empire expanded due to conquest. As stated from Al-Biladuri‚ “The Battle of the Yarmuk (636)” “Muslim forces took control of Syria in 636 CE when they fought the Eastern Roman Empire (which included Greece)...” The Muslims were able to expand to/conquer Syria after the battle against the Eastern Roman Empire. Another way that the Islamic Empire expanded due to conquest is that many of conquered non-believers began to turn to the Islamic Religion. As stated from
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Interest Rate Risk in Islamic Banking Introduction Many countries‚ especially those with a substantial number of Muslim citizens operate a dual banking system. This system has both the Islamic and conventional banking systems which cater for the needs of both the Muslim bankers and the non-Muslim bankers. In a conventional and theoretical banking system‚ it would be expected that a change in the banking interest rates would yield a responsorial change for customers in the event that the customers
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Differences between Islamic and Conventional Financial Planning Financial planning is the process of creating strategies in managing financial affairs to meet life goals and the role of the professional financial planner is to analyse the financial circumstances of the client and to provide a plan to meet the client’s financial needs and goals. In carrying out his mission‚ the financial planner shall provide impartial assistance and act in the best interest of the client. For the Islamic financial planner
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GMGF5324 POLITICAL ECONOMY ASSIGNMENT: ISLAMIC POLITICAL ECONOMY IN NATIONAL DEVELOPMENT PREPARED FOR: DR. KAMARUDDIN ABDULSOMAD PREPARED BY: FATIN HANANI BINTI TARMIDZI 1. WHAT KIND OF NATIONAL DEVELOPMENT HE WAS MENTION? 2. WHAT APPROACH HE DISCUSS IN HIS TALK? 3. YOU COMMENTS? “The Economic Philosophy of National Development” is the title of what has been presented by Lt. Kol. Prof. Dr. Abdul Razak Chin. He had explained a lot of brilliant ideas on political‚ national
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Bahria University‚ Karachi Campus 13 Research Paper Islamic Banking in light of Quran and Sunnah and perception of people about Islamic Banking Wardah Nasir Hira Aziz TABLE OF CONTENTS Preface | 03 | Acknowledgement | 04 | Abstract | 05 | Introduction | 06 | Research Objective | 06 | Research Plan | 07 | Research Question | 07 | Literature Review | 08 | Theoretical Frame Work
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Opened in 1998‚ Charlotte Islamic Academy is Charlotte‚ North Carolina’s only official Islamic academy. Over the years it has moved from trailers‚ to a small building‚ to a larger more school-like structure. They are now facing the issue of moving again‚ and they do not know where to‚ or what may happen to the program. Charlotte Islamic Academy offers the same classes any elementary‚ middle or high school offers –from AP Calculus to intermediate English. The additions to the program are the electives
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adults by creating certain duties for each individual. There are many comparisons between the women of Islamic and Roman societies. The roles that are given to these two groups of women show what is expected of them as a wife‚ the mother of the family‚ and where they stand politically. Islamic women are allowed to make decisions on their own when it comes to marriage. According to Islamic Law‚ a woman is granted the right to choose her husband and cannot be forced to marry anyone without their
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Recently the whole globe faced financial depression mainly U.S and Europe‚ and we also saw that those countries based on interest-free economic system. This is the scope for Islamic banking or interest free banking in India. Recently the Jeddah chapter of IFIB (Indian Forum for Interest free Banking) has submitted a memorandum to Salman Khurshid (External Affairs Minister of India). They demands Interest-free banking in India because many Indians working in Saudi Arabia wishes to invest their money
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Distant regions of the world were at first isolated. However‚ these once distant regions slowly became interconnected through a number of factors‚ such as trade‚ urbanization‚ and technology. During the medieval period that spanned roughly from the fifth to the fifteenth century‚ Middle China and the Islamic Caliphate were two renowned civilizations. Middle China was located in eastern Asia and the Islamic Caliphate was located in the Middle East‚ so these civilizations were geographically far. However
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ISLAMIC BANKING’S ROLE IN CONTROLLING INFLATION ABSTRACT Inflation has become a fact of life in nearly all countries‚ but it is a very serious problem in the developing countries. As far as commercial banking is concerned‚ it erodes the value of the depositor’s savings as well as that of the bank’s loans. Yet the banking system does not seem to specifically address this problem. This paper makes an attempt at finding a way of compensating for the loss suffered by capital due to inflation
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