through its wholly-owned subsidiary‚ Bursa Malaysia Islamic Services Sdn Bhd has officially launched Bursa Suq Al-Sila’ or commodities market in Arabic on 17 August 2009. It was previously known as Commodity Murabahah House. Bursa Suq Al-Sila’ is another effort to promote Malaysia as an international Islamic financial centre. It will serve the growing demand for Shariah-compliant financing needs and close the gap currently faced by international Islamic financial players. Bursa Suq Al-Sila is the world’s
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What is the difference between Islamic bonds and conventional bonds? Back to Top Islamic bonds are similar to conventional bonds in Malaysia. It always has fix term maturity‚ can bear a coupon‚ and trades on the normal yield price relationship (see attached appendix II on calculation method). For conventional investors‚ the structuring of the bonds by the issuer is immaterial. The difference lies only in the way the issuer structure the bonds. An Islamic bonds is structured such that the
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Overview There has been large scale growth into the Islamic banking in Muslim countries and around the world during the last twenty years as the performance growth is influenced by factors including the introduction of broad macroeconomic and structural reforms in financial systems‚ the liberalization of capital movements‚ privatization‚ the global integration of financial markets‚ and the introduction of innovative and new Islamic products. Islamic finance is now reaching new levels of sophistication
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Al-Qaeda’s origins and links Al-Qaeda‚ meaning "the base"‚ was created in 1989 as Soviet forces withdrew from Afghanistan and Osama Bin Laden and his colleagues began looking for new jihads. The organisation grew out of the network of Arab volunteers who had gone to Afghanistan in the 1980s to fight under the banner of Islam against Soviet Communism. During the anti-Soviet jihad Bin Laden and his fighters received American and Saudi funding. Some analysts believe Bin Laden himself had security
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the twin towers on September 11‚ many people fear Islamic terrorism‚ but Islamic terrorist organizations did not just begin with the 9/11 attacks. Different terrorist organizations‚ such as Al Qaeda and the Moslem Brothers have existed for many years‚ although some have died out‚ others still thrive‚ and some of the organizations spark the beginning of new terrorist regimes. Islamic terrorist organizations have formed
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attractive and investment worthy? Sukuk which plural of “Sakk” means legal instrument‚ deed or check. Sukuk is the Arabic name for a financial certificate but may also be considered as Shariah-compliant Bonds. Although Sukuk is generally referrred to as Islamic bonds‚ it is better described as an asset-based investment as the investor owns an undivided interest in an underlying tangible asset which is proportionate to his investment. The first characteristic of Sukuk is that the claim embodied in Sukuk
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sector. One of the financing methods that have growing potential is through Islamic financing principle that is in line with Muslim’s need and also complies with Shariah principle. In Islamic system‚ loss is shared when the borrowers suffer loss in business. Besides that‚ the terms of contract are transparency and clear. Despite its importance‚ limited attempt has been made to study the application of Islamic instrument in agriculture financing. This may be due to domination of existing
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Accounting & Supervisor of Dissertation Faculty of Business Studies Green University of Bangladesh Subject: Submission of the Dissertation report. Dear Madam‚ It is a great pleasure to permit to complete dissertation on “Introduction to Islamic Banking of Bangladesh”. That has been given Permit ion to doing research me for the partial fulfillment of the requirements of EMBA program. I will try my level best to prepare report a presentable shape and make appropriate and information to
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Adapting to Islamic finance practices ... . 1 Culture-specifics of Islamic finance .. . 1 Basic principles .. . . .. 2 Definition of terms ..... .. 3 The UAE setting .. 5 Regulatory restrictions in Union Law No. (10) of 1980 ... .. 8 Case study: BNP Paribas .. . 11 Conclusion: Islamic banking
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CHAPTER 1: INTRODUCTION 1.1 History of Islamic Banking in Malaysia Islamic banks today exist in all parts of the world and are looked upon as a viable alternative system which has many things to offer. While it was initially developed to fulfill the needs of Muslims‚ Islamic banking has now gained universal acceptance. In Malaysia‚ the first Islamic bank is Bank Islam Malaysia Berhad (BIMB). Operated as the only Islamic bank for 10 years since July 1983 before the government allowed
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