‘Nature of Islamic Economics’ ‘’Islamic economy identifies and promotes an economic order that conforms to Islamic scripture and traditions". Economic problems started with the birth of men and become more complicated with the development in the wants of men as the men is surrounded by wants. According to western scholars economics is the study of wants and scarcity and the reaction towards the ends and wants of the people. Adam Smith is regarded as the Father of economics due to his famous book
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The navigational innovations during the Islamic Golden Age were not only the effect of the many scientific innovations of that time‚ but the increased connectivity among different societies allowed technology to advance even further. Whether it was improved maps or the widespread use of the compass‚ this time fostered many crucial inventions in navigational history. Additionally‚ many important historical navigators came from this time. One of these men was Piri Reis‚ the author of the Kitab-i-Bahriye
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DEVELOPMENT AND PERFORMANCE OF ISLAMIC BANKING IN PROSPECT OF BANGLADESH [2006 – 2008] ID: 1372 REPORT On DEVELOPMENT AND PERFORMANCE OF ISLAMIC BANKING PREPARED FOR: MR. ARAFAT RAHMAN Course instructor Institute of Business Administration Jahangirnagar University PREPARED BY: Md. Muntasir Billah ID: 1372 19th batch Institute of Business Administration Jahangirnagar University Letter of transmittal April 22‚ 2008 Mr. Arafat Rahman Assistant Professor Institute of
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1. Introduction Islamic View on Terrorism The events of September 11th‚ 2001 brought the issue of terrorism to the forefront of world affairs in an unprecedented manner. The attacks on the World Trade Center and the Pentagon forced a new and aggressive campaign to combat terrorism worldwide. The US declared a war on terrorism. On October 7th‚ a war against Afghanistan was launched by the US and Britain supported by many nations in the world. The US declared list of suspects
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Islamic Attitudes on Homosexuality The life of a homosexual Muslim is certainly an interesting and conflicted one. A gay Muslim must struggle with the oppression of the conservative Muslim community‚ while trying to keep their own identity intact at the very same time. Inglehart and Norris assert that overall‚ Muslim nations have remained the most traditional societies in the world (65). This is certainly evident in the 2000-2002 World Values Survey (WVS)‚ where only 12% of Muslims in Muslim society
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and in many cases adequate substitute for bank loans‚ and money market funds‚ cash management trusts and other non-bank financial institutions in many cases provide an adequate substitute to banks for lending savings too. 1.2 Products offered by Islamic Banking Corporations.
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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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The idea was supported by Indonesian President Megawati Sukarnoputri‚ who told that the Islamic world needed to reassess its priorities and embark on "concrete action." Malaysia’s outgoing Prime Minister added in the same meeting that Muslims built a great civilization but halfway through "came new interpreters of Islam who taught that acquisition of knowledge by the Muslims meant only the study of Islamic theology. The study of science‚ medicine etc. was discouraged. Intellectually the Muslims
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