1.0 INTRODUCTION Musharakah means partnership and Mutanaqisah means to diminish. So Musharakah Mutanaqisah means diminishing partnership. It is a joint partnership contract between the financial institution and its client. The client begins to purchase the share of the financial institution until he owns the whole property. In addition‚ at the same time the financial institution also leased his portion of share to the client. The client needs to promise that he will buy
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EEEE 2308 ISLAMIC BANKING AND FINANCE Tutorial 9: Islamic Debt Securities & Sukuk Prepared For: Prof. Madya Dr. Radiah Abdul Kader Prepared By: Group B (Thursday 11.00am – 12.00pm) TAN JING YING EEE120137 TAN MING FENG EEE120116 TEH VICTOR EEE110142 WONG KAR LENG EEE120125 Tutorial 9: 25/5/2014 Submission deadline (upload Spectrum) : 22/5/2014 (12.00/ 12.00 pm) Topic: Islamic Debts Securities & Sukuk Question 1. Define Sukuk and highlight 3 of its characteristics in
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Afro Eurasian Studies‚ Vol. 2‚ Issues 1&2‚ Spring & Fall 2013‚ 56-71 Measuring the Perceived Service Quality and Customer Satisfaction in Islamic Bank Windows in Libya Based on Structural Equation Modelling (SEM) Ali Joma Khafafa* Zurina Shafii** Abstract The growth of the banking sector is vital for a country’s economic development as it provides most of the financing sources for businesses. Customer satisfaction is one of the most important factors in determining the feasibility of a banking operation
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Practices (TK “Regulations shape the Industry”. The development of the Takaful (or Islamic insurance) industry is very much dependent on its regulations and related guidelines. In many parts of the world Takaful is hardly visible as there are still subject to the Insurance Law. Only Malaysia has its own set of regulations. The first Takaful Act was promulgated in 1984 and recently was replaced by the Islamic Financial Services Act 2013. Even that many of the provisions of the Act and related guidelines
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1.4 THE ISLAMIC PERSPECTIVE OF QUALITY In order to produce quality goods or services‚ every task at every level of the operation has to be performed in a manner that will ensure the achievement of a particular standard. The whole exercise entails the physical aspect of the whole process which can be achieved through the right habit that is accompanied by the proper intention of wanting to be a productivity or quality conscious person. In inculcating the right habit‚ a character development
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Takaful and Actuarial Practices (TK2002) 1000490 Ahmad Azhar Bin Mohd Juwaidi 1000490 International Center for Education in Islamic Finance This project paper is a partial fulfillment of Module TK2002 of Certified Islamic Finance Professional (CIFP) INCEIF September 2013 1|Page Takaful and Actuarial Practices (TK2002) 1000490 Question Whilst the development of the takaful industry has been rapid many takaful operators fail to distinguish themselves from their insurance
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Conclusion……………………………………………………10 This book has been made for the readers to better understand the importance of both the Islamic Festivals and the Rites of passage from the point of view of Islams. There are only two Muslim festivals set down in Islamic law: Eid-ul-Fitr and Eid-ul-Adha ("Eid" or "Id" which means festival).There are also several other special days which Muslims celebrate. Al-Hijra The Islamic New Year’s Day. This festival commemorates the Hijra (or Hegira) in 622 CE when the Prophet Mohammed
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REHMAN ID:111820142 && 111820229 Section : X ASSIGNMENT No : 3 INTRODUCTION TO BUSINESS The Islamic calendar‚ Muslim calendar or Hijri calendar AH is a lunar calendar consisting of 12 months in a year of 354 or 355 days. Being a purely lunar calendar‚ it is not synchronized with the seasons. With an annual drift of 10 or 11 days‚ the seasonal relation repeats about every 33 Islamic years every 32 solar years. It is used to date events in many Muslim countries concurrently with the Gregorian
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The Organization of the Islamic Conference (OIC) is the second largest inter-governmental organization after the United Nations which has membership of 57 states spread over four continents. The Organization is the collective voice of the Muslim world and ensuring to safeguard and protect the interests of the Muslim world in the spirit of promoting international peace and harmony among various people of the world. The Organization was established upon a decision of the historical summit which took
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about it as well as critique it based on what I have learned throughout this course so far. I looked at various works of Islamic Art‚ and I realized that I preferred the ones with Mosques; therefore‚ I chose to critique one. I had quite a variety to choose from‚ but Shekh Lutfallah’s Mosque was the one that caught my eye- specifically for its dome. We notice that in the Islamic art‚ they sometime took influences from other eras‚ modified them‚ and incorporated them into their own art; they adopted
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