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
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YOUTH AND THE CHALLENGES OF THE MODERN WORLD INTRODUCTION For a discourse as this‚ it is pertinent to define who a youth is. There are several varying opinions concerning this matter as different definitions exist. In Africa‚ like developed countries‚ nations draw a line on youth at the age at which a person is given equal treatment under the law. This age is often eighteen years in many countries and once a person passes this age‚ they are considered to be an adult. However‚ the actual definition
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Even with her depressing past‚ Elizabeth grew into a great and loved Queen. She influenced her people and the modern world so much that the time period she ruled was even named as the Elizabethan Era. In spite of her unstable childhood and family troubles‚ Elizabeth was a great ruler who affected the modern world a great deal. Elizabeth grew into a great and modern queen‚ beloved by all her people‚ but her childhood was not nearly as glamorous. She watched as her father went through
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WWI World War I also known as “The First Modern War” was a time of tragedy and despair. The effects of this war changed the world as we knew it for the rest of the time. The war began in July 28‚ 1914 and had a duration of about four years‚ resulting in an end date of November 11‚ 1918. Although the atrocities began shortly after Archduke Franz Ferdinand was assassinated militarism‚ nationalism‚ and imperialism are the 3 root causes of World War I. Militarism is a mindset that a country’s government
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ultra-conservative expression of numerous faiths‚ namely Islam. It should be noted that Islamic fundamentalism is highly religious in nature‚ and a religion based on the salvation of all men. Islamic fundamentalism is for the most part a modern phenomenon‚ it is impossible to grasp without first understanding at least the roots of Islam . Fundamentalist Islam is based primarily on two pillars‚ the first being that Islamic law(shuria or Sharia‚ also known as the Law of Allah) is the only valid system
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opposition of the modern world. Marked with mass-producing factories‚ corrupt government and laws‚ and other radical institutions‚ the nineteenth century gave birth to a new age and a new belief that opposed these advancements‚ transcendentalism. Instead‚ this philosophical movement encourages the spiritual and intuitive outlook on the simple world. From the depths and issues of everyday society of about 200 years ago‚ this belief is still relevant in everyday life as the world continues to rapidly
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Research Report of Money and Banking Issues and Problems in Islamic Banking Abstract:- Three decades have passed since the first Islamic bank began its operations in MitGhamr‚ Egypt‚ and more than a decade has passed since the Islamic Republics ofIran and Pakistan adopted a non-interest-based financial system. Profit Loss Sharing (PLS) dominates the theoretical literature on Islamic finance. Broadly‚ PLS is a contractual arrangement between two or more transacting parties‚ which allows
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Islamic Extremists Nearly everyone has heard about Islam and the Arab world. In addition‚ many countries have already faced issues with the Muslim believers. Islam has caused problems‚ terrorist attacks‚ anti-democracy all over the world. They were also very successful in sending a message of who they truly are. People who are literally obedient to the Islamic faith are called Islamic Extremists. People‚ who are of the Islamic faith however desire to survive in peace without tribulations are not
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John Germick criticism on the modern world Huxley satirically comments on the state of the modern world—the world around him in the 1930’s and by extension‚ the future as well. One of the ways that he does this is through use of the caste system. Having a caste system is not unique to the world state. Ancient cultures it to separate the peasants and the wealthy‚ or the rich and the poor. In fact‚ even now society has customised a modern caste system‚ even though people are conditioned to think
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The Development of Individuality in the Modern World: Burckhardt’s View on the Renaissance in Italy Individuality and Cultural History In Reflections on History Jacob Burckhardt describes that “culture may be defined as the sum total of those mental developments which take place spontaneously and lay no claim to universal or compulsive authority” (55) and claims that culture is developed as a process of human mental activities‚ "The spearhead of all Culture is a miracle of mind – speech
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