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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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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[pic] ISLAMIC BANKING: IS IT REALLY “ISLAMIC”? By: Omar Mustafa Ansari & Faizan Ahmed Memon Is it really Islamic? …. In this era of development and growth in Islamic finance and banking‚ this is a question being raised at every forum by various quarters. All those who raise this question‚ are undoubtedly well-wishers of Islam‚ Islamic economic system and Muslim Ummah. Accordingly‚ while we celebrate the achievements of Islamic banking on one hand‚ we should not
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Islamic Banking in Pakistan 1 ISLAMIC BANKING IN PAKISTAN Islamic Banking in Pakistan: A Review of Conventional and Islamic Banking Prof. Dr. Khawaja Amjad Saeed Hailey College of Banking and Finance University of the Punjab‚ Lahore Proceedings of 2nd International Conference on Business Management (ISBN: 978-969-9368-06-6) Islamic Banking in Pakistan 2 Terminology IBIs ND NIB NPFs P PP PTC ROA ROE SBP SME TFC Islamic Banking Institutions. No Date Non – Interest Based Banking
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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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Cause and Effect Essay Topics A cause and effect essay aims at explaining the reasons and results of an event or situation. • It is one the most popular essay types in the academic world. • It is beneficial for a student to write a cause and effect essay because it propels him to think of the situation in depth to come up with the reasons for the birth of that situation and its eventual impact on everything it affects. • It encourages the mind to think analytically and investigate a situation
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While some historians argue than Islamic science is simply an extension of Greco-Roman science‚ the scientific advancements made by medieval Arabs were unique compared to their Greco-Roman ancestors and quite substantial compared to their European counterparts. The idea that Islamic science is simply a continuation of Greco-Roman science may come from the extensive translation efforts made from Islamic ruler Abbasid caliph al-Mamum in the ninth century. It is important to note that while a greater
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limited‚ if any‚ consideration of ecological processes (e.g.‚ hydrological process) Targets only specific resources of interest; typically those of commercial value Conflicting management policies Comparision Islamic management and conventional management 1.2 CONVENTIONAL AND ISLAMIC UNIT TRUSTS 1.2.1 CONVENTIONAL UNIT TRUSTS Based on the Guidelines on Unit Trust Funds issued by the Securities Commission in October 1991‚ a unit trust fund company can only invest in authorized Malaysian assets
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There are many presentation topics that college students can select. However‚ a successful presentation is determined by a number of factors‚ thus it is important for a student to understand that an interesting presentation topic will not be enough. To start with‚ students should be armed with the necessary skills to create a captivating presentation. Using images in your college presentation Balance of graphics in your presentation is very important. Although images and beautiful fonts cannot
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appreciation Lu mulder Fall 2012 Islamic calligraphy and arabesque. Islamic art is intellectual‚ refined and decorative; it contains no strong emotions and pathos but exhibits serene harmony. The term Islamic art covers a broad range of traditions‚ from metal work‚ carpet weaving‚ calligraphy and arabesque to architecture. It includes religious art as well as art made by and for Muslims and object made for Muslims by artists of other faiths. Islamic art can mean different things to different
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