Any worldview should be able to answer the ultimate questions not necessary correct answers but at least consistent. The Definition of Islamic worldview “Ru’yatal-Islam li al-wujud” “A metaphysical survey of the visible as well as the invisible worlds including the perspective of life as a whole”.Al-Attasin“IslamandtheChallengeofModernity‚p.27. Islamic worldview encompasses the issues of universe‚ creator‚ prophethood‚ society‚ man‚ and hereafter. It is not a worldview that is formed merely
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Islamic Women...Is There an End to their sufferings? The question proposed in the title is basically a direct response after going through Geraldine Brooks’ essay “Nine Parts of Desire; The Hidden World of Islamic Women” in its second chapter. Geraldine poses several ideas and personal experiences in which she tries to understand the mystery of the perpetuating repressive and barbaric practices (genital mutilation‚ infibulations‚ hysterectomy‚ and honor killings) that have nothing to
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The Number of Islamic Microfinance Institutions in Malaysia Should Be Increased. Table of Content Page 1.0 Abstract 2 2. Introduction 3 3. Argument 1 : Offer Syariah Compliant Finance 5 4. Argument 2: Increase the Performance of Islamic Banking and Finance 7 5. C. Argument: Risky and Costly to Implement Islamic Microfinance 9 6. Argument 3: Provide Financial Assistant for Low and Middle Income Groups. 11 7.0 Conclusion
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Introduction Islamic finance has come a far since its active re-introduction about 25 years ago. Presently‚ it is estimated that Islamic banks and financial institutions manage some US$200 billion of funds all over the world. Although small in terms of the total global assets managed by financial intermediaries‚ the growth rate is impressive by any standards. Based on the article review which is “Globalization of Islamic Finance: Myth or Reality?’” it had discussed on the question of whether the
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Islamic Banking Analysis Haythem Joudeh February 22‚ 2013 Abstract This goal of this research is to find out if Islamic Banking is a better alternative to the Western‚ Conventional Banking. The information provided will reveal various Islamic Banking principles that would have prevented previous major economic crises and if applied globally today could prevent a major economic collapse. Islamic Banking is banking system based on Shari ’a (Islamic) Law on which it developed its unique
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Christian and Islamic Art The difference between Islamic art and Christian art is that Christian art is of human objects and forms while Islamic art portrays the meaning and reflection of things. Unlike Christian art‚ people do not appear on Islamic art. Unlike Christian art‚ Islam art does not include pictures and statues of Prophets and Gods. Christian art however‚ brings religious forms and images to life. It represents spiritual beliefs through illustrated scenes from the life of Jesus. It gives
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democratic and non democratic societies. (Edwards M B‚ 2006) More Specifically‚ Islamic fundamentalism involves having diverse political as well as social movements in various Muslim countries that have the shared goal of creating more Islamic oriented states and societies‚ which are based on the fundamental principles and values of Islam. The Islamic fundamentalists have the aim of implementing the Sharia (Islamic Law) to public lives. Sharia could be to reffered to as in the court of law‚ palaces
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reference source for decision makers in the global Islamic finance industry‚ providing strategic insights from Ernst & Young Dear Banking & Finance Leader‚ It is with great pleasure that we present to you the 9th annual edition of the World Islamic Banking Competitiveness Report 2012/13‚ developed in collaboration with leading global professional services and advisory firm Ernst & Young‚ and exclusively launched onsite at the 19th Annual World Islamic Banking Conference (WIBC 2012) during a specially
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BASIS OF INCOME RECOGNITION FROM ISLAMIC PERSPECTIVE Yosita Nur Wirdayanti ABSTRACT This paper addresses the issue of basis of income recognition from Islamic perspective. In Islamic banks‚ income recognition is very important since it will determine amount of profit that will be distributed to depositors. Begin with accounting principles from Islamic perspective‚ this paper discusses the concept of accrual and cash basis and scholar opinion about this basis of accounting. Both accrual and cash
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and ethical nurturing in accordance with the will of God. Ta’dīb‚ from the root aduba (to be cultured‚ refined‚ well-mannered)‚ suggests a person’s development of sound social behavior. What is meant by sound requires a deeper understanding of the Islamic conception of the human being. 1) Importance of Education Education in the context of Islam is regarded as a process that involves the complete person‚ including the rational‚ spiritual‚ and social dimensions. As noted by Syed Muhammad al-Naquib
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