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
Premium Bond Islamic banking
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
Premium Sharia Finance Islamic banking
THE WAR ON RELIGION The decade long War on Terror and Islamic Extremism has given rise to an aggressive and activist Atheist movement here at home. Islamic terrorist groups like Al Qaeda‚ Taliban‚ Islamic Jihad‚ Hamas‚ and others have apparently reinforced the atheistic belief that the problem is not terrorism‚ or even Islamic extremism‚ it is the belief in God and religion as a whole. Although‚ it should be noted that Atheist groups rarely openly attack Islam‚ which on the one hand‚ would not
Premium Evolution Fossil Charles Darwin
WP/12/151 What’s in It for Me? A Primer on Differences between Islamic and Conventional Finance in Malaysia Olga Krasicka and Sylwia Nowak © 2012 International Monetary Fund WP/12/151 IMF Working Paper Asia and Pacific Department What’s in It for Me? A Primer on Differences between Islamic and Conventional Finance in Malaysia Prepared by Olga Krasicka and Sylwia Nowak1 Authorized for distribution by Sanjaya Panth June 2012 This Working Paper should not be reported as representing the
Premium Islamic banking Bank
International Research Journal of Finance and Economics ISSN 1450-2887 Issue 94 (2012) © EuroJournals Publishing‚ Inc. 2012 http://www.internationalresearchjournaloffinanceandeconomics.com Consumer Criteria for the Selection of an Islamic Bank: Evidence from Pakistan Muhammad Imtiaz Subhani Iqra University Research Centre-IURC‚ Iqra University- IU Defence View‚ Shaheed-e-Millat Road (Ext.) Karachi-75500‚ Pakistan E-mail: drsubhani@yahoo.co.uk Tel: (92-21) 111-264-264 (Ext. 2010); Fax:
Premium Islamic banking Bank Sharia
Interdisciplinary Journal of Research in Business Vol. 1‚ Issue. 1‚ January 2011(pp.35-44) Liquidity Risk Management: A comparative study between Conventional and Islamic Banks of Pakistan Muhammad Farhan Akhtar‚ Khizer Ali‚ Shama Sadaqat Hailey College of Commerce‚ University of the Punjab‚ Lahore‚ Pakistan. ABSTRACT The role of Bank is diversified into financial intermediaries‚ facilitator and supporter. Yet the banks place themselves as a trusted body for the depositors‚ business associates
Premium Risk Risk management Bank
Self-Interest‚ Homo Islamicus and Some Behavioral Assumptions in Islamic Economics and Finance Mohammad Omar Farooq Associate Professor of Economics and Finance Upper Iowa University September 2006 [Draft in progress: Feedback welcome] I. Introduction Homo economicus‚ the Economic Man‚ represents a rational human being formalized in certain social science models‚ especially in economics‚ who acts in self-interest to achieve in a goal-oriented manner. As John Kay puts it‚ "He is self interested
Premium Sharia Economics Islamic banking
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
Premium Islamic banking Bank Financial services
Question 1 | |Conventional economic |Islamic economic | |Definition |The study of how people make decisions about |Islamic economic studies man not only as an | | |how to spend their resources on needed goods |isolated individual but of a social individual | |
Premium Qur'an Goods
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
Premium Bond Islamic banking Debt