BOF Y2S2 2 PFS 2253 ISLAMIC FINANCE Prohibition of Riba Prepared by: Nuradli Ridzuan Shah & Abdullaah Jalil Stages of Revelation • First stage: al-Rum‚ 39 • Second stage: al-Nisa’‚ 161 • Third stage: Ali cImran‚ 130 • Fourth stage: al-Baqarah‚ 275-281 Al-Riba: Its Definition • Riba: – Deferment in the time of exchange (riba al-nasiah) – Quantity of one of the counter values (riba al-fadhl) al-Riba Time Factor Ribawi items Quantity Factor Al-Riba: Its Definition • Nabil Salih’s:
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Religious Architecture: Comparative Study (Wells Cathedral and Friday Mosque‚ Isfahan) The purpose of this research is to compare and contrast two selected religious buildings‚ one of which Islamic‚ and another that is Christian. This will respectively exemplify and illustrate the development of Christian and Islamic styles of religious architecture before the end of the 14th century. The research will mainly focus on the importance of furniture design and interior decoration in each of the two buildings
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Research Report Prepared by: Safder Jaffer Farzana Ismail Jabran Noor Lindsay Unwin Reviewed by: Debo Ajayi November 2010 Takaful (Islamic Insurance): Concept‚ Challenges‚ and Opportunities Takaful (Islamic Insurance): Concept‚ Challenges‚ and Opportunities Safder Jaffer‚ Farzana Ismail‚ Jabran Noor‚ Lindsay Unwin November 2010 Takaful (Islamic Insurance): Concept‚ Challenges‚ and Opportunities Safder Jaffer‚ Farzana Ismail‚ Jabran Noor‚ Lindsay Unwin November 2010 Milliman
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CHAPTER-ONE INTRODUCTION 1.0 Background of the Study Islami Bank Bangladesh Limited (IBBL) is the first of its kind in the South East Asia which was established in 1983 with a view to provide banking services based on Islamic principles. The bank‚ which started its operation with only 3 branches in the first year of its inception‚ has now 207 branches in 26 years of operation. As a bank‚ Islami Bank Bangladesh Limited receives deposits from its customers from all over the country
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THE DOME OF THE ROCK The dome of the rock‚ Qubbat Al-Sakhra‚ known as the oldest Islamic Monument and the second holy shrines of Muslims‚ it represents the Islamic civilization and it is the first Muslim masterpiece. Building the dome of the rock took approximately 3 years between 688-691 A.C by an order from (caliph Abd al-Malik Bin Marwan)‚ half a century after Prophet Mohammed (Piece and blessings be upon him) Died. It is located in the area of (Al Haram Al Sharef or temple mount) in Jerusalem
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sovereignty within the limits of Quran and Sunnah. Introduction This topic seemingly look very simple and the one which can have a straightforward answer. But actually it required a great insight into the historical and the political perspective of Islamic world at large. This proposition can be tackled at a number of levels. One scheme of addressing this question could be to go to the theological injunctions‚ that is‚ to argue from Quran and Hadith. The second approach could be of digging into the
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borne by the customer. ISSUES ON MUDHARABAH Government Investment Certificates were introduced in 1983‚ with the establishment of the Islamic bank. The government issued for the first time non interest bearing Government Investment Certificate to meet the special needs of the bank and other corporations who are interested in these securities. The Islamic bank governed by Shariah law‚ is not allowed to hold interest bearing government securities. The Government Investment Act 1983 under
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3 BAY AL SARF: 12 3.5.4 SALAM CONTRACT: 13 3.5.5 ISTISNA 16 3.5.6 MURABAHAH 19 3.5.7 BAY’AL-MUAJJAL 22 4. CONCLUSION 25 4.1. INTRODUCTION TO ISLAMIC BANKING 25 4.2 ROLE OF ISLAMIC BANK IN DEVELOPMENT OF ECONOMY 27 4.3 ISLAMIC FINANCING & SALES CONTRACTS 28 4.4 UNIVERSAL ASPECT AND MODERN NOVELTIES OF ISLAMIC FINANCE 29 The Contract of Sale 1. BACKGROUND: Human being is a unit of society and they are social by nature. In their needs they are dependent on each
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and the development of Islamic capital market conduct research and study and make policy recommendations related to product and capital market activities. Second is review of conventional products and listed securities for compliance with Shariah principles and operate an introduction to the products of the new Islamic. For Straight A’s Portfolio Sdn. Bhd.‚ the type of the sukuk that was issue is Murabahah Underwritten Notes Issuance Facility (MUNIF). The MUNIF is an Islamic debt programme pursuant
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tiles on a stone paste body that was later set into mortar”. Madrasa Imami is a school‚ in which this piece in was created 1354‚ later it was sold to Arthur U. Pope in 1931. When arriving at the museum I noticed that the items on display in the Islamic Art section were very utilitarian in nature. They were well-crafted beautifully designed tools. Arabic inscription a common theme through out all of the objects. Seeing the art up close is definitely a more satisfying experience‚ your relation to
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