Islamic Economics and Banking Title Fly Prepared For Kazi Md. Tariq Course Instructor School of Business Studies Course Code: MKT- Prepared By Sara Binte Shafi ID: 2007210000023 Najnin Aktar Nirjhar ID: 2007210000038 Alina Jaman ID: 2007210000065 Letter of Transmittal April 1‚ 2010 Kazi Md. Tariq Lecturer School of Business Studies Southeast University Dear Sir: Here is the assignment on “Islamic Economics and Bank”
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Islamic Contract Law TYPES OF COMMITMENTS 1. Wa‘d – • • • – وunilateral promise One party binds itself to perform a function for another Does not normally create legal obligation Legal obligation is created: • • Genuine need of the masses – (ر Contingent promise ا س )رد ا ز ن ز ا إذ ا 2. Muwaa‘ada – ا ة • • • • – bilateral promise Two parties performing two unilateral promises on the same subject Use of two unilateral promises can lead to a forward contract
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Life Cycle Costing Life-cycle cost (LCC) or also known as whole-life cost refers to the total cost of ownership over the life of a product. LCC commonly referred to as "cradle to grave" or "womb to tomb" costs. The costs considered include the financial cost which is relatively simple to calculate and also the environmental and social costs which are more difficult to quantify and assign numerical values. According to Business Dictionary‚ life cycle costing is a procurement and production costing
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100 Hadiths About Being the Best! Prophet Muhammad (sallallahu ‘alayhi wa sallam) told us: 1. “The best of the Muslims is he from whose hand and tongue the Muslims are safe.” (Muslim) 2. “The best of people are those with the most excellent character.” (Tabarani‚ Sahih) 3. “The best of people are those that bring most benefit to the rest of mankind.” (Daraqutni‚ Hasan) 4. “The best of people are those who are best in fulfilling (rights).” (Ibn Majah‚ Sahih) 5. “The best of people
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PROPHET ISA (A.S) THE BIRTH OF ISA (A.S.) Maryam (A.S) gave birth to Isa (A.S.)in Bethlem‚ six miles south of Jurusalem in a remote place away from people. Some historians say that Maryam was then fifteen years old. She prayed to Allah (SWT) for eas from her pain and the angel immediaty told her to shake the palm tree beside her. Dates dropped on her miraculously‚ as palm tree don not normally drop dates by the shaking of one person alone. Allah (SWT) also made a stream of fresh water run by her
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Sources of Islamic Law There are four sources of Islamic Law. Primary Sources: The Holy Quran The Sunnahs of the Holy Prophet (PBUH) Secondary Sources: Ijma (Consensus) Qiyas (Analogy) The Holy Quran (القرآن) Muslims believe the Quran to be the direct words of Allah‚ as revealed to and transmitted by the Prophet Muhammad صلى الله عليه وسلم. The Quran is the Most Fundamental Source of Islamic knowledge. All sources of Islamic law must be in essential agreement with the Qur’an. When the
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Example of Islamic Feminism (Optional) Woman’s Freedom During the Time of Prophet Mohamed . Since the beginning of time‚ the relation between the sexes has been subject to heated debates and exposed to a complex proliferation of religious‚ psychological‚ and philosophical controversy. From demands of equality to essentialist understanding of sexual difference‚ the question has always remained crucial to the form and content of human life on earth. Arab women were not in isolation of such a debate
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In the 8th century‚ the Muslim army was expanding into Europe from Africa across the strait of Gibraltar in 703 A.D. They conquered the Spanish kingdom and the region that is now called Portugal The army was finally defeated at the Battle of Tours in 732 A.D. The battlefield was located in north central France‚ between Tours and Poitiers. The Muslim defeat caused the spread of Islam to be temporarily halted. The victorious Franks were led by their king‚ Charles Martel. The Muslim army at this time
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The Islamic empire were undoubtedly affected by the gradual shift towards trade routes that bypassed their lands. For the most part the effects were negative that led to a decline in wealth as well as prestige of these Islamic empires. Conversely the new trade routes did allow agriculture to benefit because there was a spread of new crops. Similarly‚ merchants in the Islamic Empire contrived new was to take advantage of the new bustling European trade. Furthermore‚ two factors were instrumental
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Laughter is a malicious response to the ignorance of others‚ and a principled individual must avoid such a hateful response to the faults of others(Grunberg‚ 2011). The Traditional Theories of Laughter Three theories of laughter are common to the philosophy of laughter and humor. The superiority theory is unquestionably the oldest. All laughter is a response to the comical ignorance in others. The superiority theory makes a solid case by claiming that laughter is derision towards another’s misfortune
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