sovereignty within the limits of Quran and Sunnah. Introduction This topic seemingly look very simple and the one which can have a straightforward answer. But actually it required a great insight into the historical and the political perspective of Islamic world at large. This proposition can be tackled at a number of levels. One scheme of addressing this question could be to go to the theological injunctions‚ that is‚ to argue from Quran and Hadith. The second approach could be of digging into the
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Moral Issues in Business Paper Assignment Crain Spring 2013 Discuss a current policy/practice‚ or recent event pertaining to an issue of Business Ethics. Your paper should proceed as follows: 1. Choose an issue pertaining to business and do some research on your topic. I recommend looking through the business sections of newspapers‚ or finding articles in magazines related to your issue. You may do all of your research on the internet‚ but be sure to assess the credibility of your sources
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Islamic Beliefs on the Soul According to few verses from the Qur’an‚ the creation of humans involves Allah "breathing" souls into them. This intangible part of an individual’s existence is "pure" at birth. It has the potential of growing and achieving nearness to God if the person leads a righteous life. At death‚ the person’s soul transitions to an eternal afterlife of bliss‚ peace and unending spiritual growth until the day of judgement where both the body and soul are reunited for judgement at
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Introduction to Philosophy Finals Reflection Output A. Summary KNOWLEDGE: Knowledge is formed and acquired in the course of our life though cognition and it is not inborn and develops from our own ignorance. John Locke compared it with tabula rasa or some sort of a blank sheet upon which nothing is written. These are Data or images of the object which stimulated our sense-organs-sight‚ hearing‚ touch‚ taste and smell are‚ in a manner of speaking‚ raw-materials
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trade. Trade between Islam and Africa has long been a factor in African culture‚ economy‚ and politics. While Bantu people organized societies on the basis of African tradition‚ merchants from North Africa and southwest Asia introduced their Islamic faith to Africa. Islam arrived though two routes: it went to west Africa overland by trans-Saharan camel caravans‚ and it traveled to coastal east Africa over the sea lanes of the Indian Ocean in the vessels of merchant mariners. Major trade between
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Socrates was a Greek philosopher‚ who is often considered to be the father of Western philosophy‚ and a key figure in the development of Western civilisation. "The unexamined life is not worth living for a human being." Socrates - Republic 38c He left no actual writing so impressions of Socrates have come primarily from the writings of his student‚ Plato. There are also other contributions from Xenophon and a contemporary playwright - Aristophanes. It is possible that Plato embellished the legacy
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DERIVATIVES IN ISLAMIC FINANCE ANDREAS A. JOBST (forthcoming in Islamic Economic Studies‚ Vol. 15‚ No. 1) Paper presented at the International Conference on Islamic Capital Markets held in Jakarta‚ Indonesia during August 27-29‚ 2007 jointly organized by Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IDB)‚ Jeddah‚ Saudi Arabia‚ and Muamalat Institute‚ Jakarta‚ Indonesia. DERIVATIVES IN ISLAMIC FINANCE ANDREAS A. JOBST# ABSTRACT Despite their importance for
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LAW 240 ISLAMIC BANKING PRODUCT 05/29/13 ISLAMIC BANKING PRODUCT 1 05/29/13 ISLAMIC BANKING PRODUCT 2 05/29/13 ISLAMIC BANKING PRODUCT 3 AL-WADIAH (CURRENT A/C) • Based on the Islamic principle of Al-Wadi’ah Yad-Dhamanah (Guaranteed Safe Custody) • Can withdraw all or part of money whenever want. • Free from Riba (Usury) and is the clear and pure way to bank. • Can be opened by an individual aged 18 years and above with the capacity to contract‚ or a company‚ organisation
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“There is a gap between all the money coming in to Islamic banks and the deployment of that money into real economic assets‚” says Sayd Farook‚ the global head of Islamic finance at Thomson Reuters. “A crazy amount of money has gone into their coffers and they need somewhere to invest it.” There was a need for a bank that followed the rules and bans of certain investments and money handling‚ and this began the establishment of Islamic Banks in the 1970’s. The establishment of these banks opened a
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ISLAMIC ECONOMIC SYSTEM Definition of Economics A. Ibnu Khaldun’s Definition Economics is the study of humankind’s civilization and human association. It also refers to activity related to humankind’s livehood‚ its development‚ progress and prosperity. The economic problem resides in efforts spent by people to obtain earnings that they used to satisfy their needs and necessities‚ for refinements and luxuries‚ and for acquisition and possession. Hence we can conclude that Economics is the study of
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