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
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Economic Impact: Dubai Dubai is the largest of the seven emirates in the United Arab Emirates. It is quickly growing into a huge tourist spot and prides itself on having some of the world’s greatest attractions. However‚ sometimes having the best comes with consequences. Despite the Middle East’s relatively low tourist rate‚ Dubai had been able to attract many “big spenders‚” which has enhanced its economy‚ but can also take a toll on the people. In her article‚ “Tourism in Dubai‚” Joan Henderson
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increase of pollution and a decrease in natural resources of the country. Dubai is good example to take in order to analyze the impacts of tourism on the short and long runs‚ taking into account its advantages and disadvantages on the economic and natural environment of the country. Dubai is a fast growing country which will welcome 15 million tourists by the year 2010 according to Salem bin Dasmal‚ Chief Executive Officer of Dubai Tourism Development Company (DTDC). (1) Hence‚ a huge number of investments
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Dubai Logistics City Introduction: Dubai Logistics City is part of Dubai government’s development program‚ in 1967 construction began in deep-water harbour‚ initially planned for four berths‚ but after completion it was able to harbour 35 berths. Later‚ a second port was developed in southern part of the city‚ which has become a world’s largest man made port. Dubai Logistics City (DLC) is the world’s first truly integrated logistics platform with all transport modes‚ logistics and value added
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buildings!!!! | HumeHickmanF&F | IDENTITY | Burg Khalifa – Famous icon – tallest building in the world! Make Dubai famous (very difficult to reach it from the airport (mobility)Immigation – only 10-20% nationalsProtect the sea and mountains – animals represent the country?Dubai famous for architectureSocial security problems – immigration (?) – Dubai more dangerousConnecting Dubai with the past and the futureLosing traditional economy Golf courses!!!! But
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Under Pressure‚ Dubai Company Drops Port Deal 1. Discuss the role of political factors-both in the united states and in Dubai- played in the reversal of the port deal. Solution: This case talks about the disparity of the American political parties against the ownership of port operation by the state owned Dubai company. The republicans and Democrats being the opposition party were disfavoring the sale of some terminal port operation to DP World an Arab state company. Even though
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INTRODUCTION TO ISLAMIC BANKING The term Islamic banking refers to a banking activity or a system of banking that is in consonance with the basic principles of Islamic Shariah (rules and values set by Islam). Islamic banking is also known as interest free banking system as the Shariah disallows the acceptance of “Riba” or interest rate for the accepting and lending of money. In Islamic banking system‚ a business that offers good interest rates or services is strictly prohibited and it
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Journal of Economic Behavior & Organization journal homepage: www.elsevier.com/locate/jebo How ‘Islamic’ is Islamic Banking? Feisal Khan ∗ Dept. of Economics‚ Hobart and William Smith Colleges‚ 300 Pulteney Street‚ Geneva‚ NY 14456‚ United States a r t i c l e i n f o a b s t r a c t Islamic Banks hold well over US $700 billion in assets and are growing at over 15% p.a. Islamic Banking and Finance (IBF) involves wider ethical and moral issues than simply ‘interest-free’ transactions
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largest banks in the world started its journey in 18th century. In March 1865 the bank opened its first branch in Hong Kong and after one month it opened its second branch in Shanghai. The individual who was inspiration behind the foundation of the bank was Thomas Sutherland (HSBC). HSBC started with a very simple concept which says that there is requirement of a local bank in order to meet the local needs. Currently it’s headquarter is located in London. It is really world’s local bank as there
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Malwa Gramin Bank is a Regional Rural Bank sponsored by State Bank of Patiala In order to provide excellent service to its customers‚ Malwa Gramin Bank became a 100% computerised Bank on 13.10.2005. To further improve its customer service‚ the Bank has migrated to CBS on 29.07.2010 against Govt of India dead line of Sept‚ 2011. Malwa Gramin Bank is one of few RRBs who have migrated to CBS during 2010-11 and have the privilege of accomplishing the glorious achievement. Our services stands at par
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