Professor: George Naufal The Main concept of Islamic banking vs. conventional banking systems Introduction Islamic finance is one of the fastest growing sectors of the global financial industry. It has become essential in some countries and very relevant in others. Many factors have influenced to the rapid growth of Islamic finance‚ including: (i) high demand in many Islamic countries; (ii) growing demand of foreign investors to invest in Islamic banks‚ along with introducing it to their own
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The Influences of Islamic Culture towards Architecture I. Introduction Islamic architecture encompasses a wide range of both secular and religions style from the foundation of Islam to present day. Most of the building is influenced by Islamic element with variety of style in which are Persian style‚ Indo-Islamic style and Indonesian-Malay style. II. Body A. The first style of Islamic culture that influences the architecture is Persian style. 1. Persian style can be identified
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The foundation of Islamic bank is based on the Islamic faith and must stay within the limits of Islamic Law or the Shariah in all of its actions and deeds. The original meaning of the Arabic word Shariah is ’the way to the source of life’ and is now used to refer to legal system in keeping with the code of behaviour called for by the Holly Qur’an (Koran). Amongst the governing principles of an Islamic bank are : * The absence of interest-based (riba) transactions; * The avoidance of economic
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The Maya civilization was developed by the Mayan people and was a Mesoamerican civilization. Maya Civilization resided in a large territory that included covering southeastern Mexico‚ northern Central America and all of the Yucatan Peninsula. Most of the area is covered in vast plains with few mountains and a low coastline. The Mayans were agriculture and worked on city construction‚ stone monuments‚ and building pyramids. They cultivated chili peppers‚ beans‚ sunflower sees‚ squashes‚ cacao‚ vanilla
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The Mayan Civilization was once an Ancient Native American civilization which eventually expanded to become one of the most “cutting-edge”‚ developed civilizations in the Americas. Those that were part of this civilization were called the “Maya”. The Maya people lived in the eastern and southern areas of what we know today such as Mexico. They lived in regions of Guatemala‚ sections of El Salvador‚ the Belize and western parts of Honduras. The Maya people had constructed tremendous‚ gigantic pyramids
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The Clash of Civilizations and the Remaking of World Order By Samuel Huntington Introduction to Sociology December 1‚ 2010 The Clash of Civilizations and the Remaking of World Order is a continuation of the 1993 article written by Samuel Huntington. The book gives a new post Cold War order; prior to the Cold War societies were divided by ideological differences. Huntington main thesis argues‚ “The most important distinctions among peoples are no longer ideological‚ political or economic
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The old civilizations of America were truly one of the most advanced and thriving civilizations the world has ever come to see. There is no wander that the Spanish colonizers were amazed at what they were seeing. They did not have technologies as advanced as the ones that had been develop in Europe. However they did have an intricate architecture‚ superior buildings‚ and great cultivation methods. Therefore the civilizations of the old America were magnificent and advanced civilizations. The Mayan
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of a civilization‚ but that’s not why. Inequality is simply caused by geography. Geography affects the way a civilization becomes more developed compared to others because‚ geography controls climate which affects the type of food a civilization can grow‚ and what type of animals it can domesticate. Domesticated animals and efficient crops give a civilization time to develop new ideas and invent tools that can help the dominate other cultures. Geographic location affects how a civilization can
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MesoAmerica had great civilizations that had marvelous accomplishments before the arrival of the Europeans. The greatest of these civilizations are the Maya‚ the Aztec‚ and the Inca. The Maya‚ known for their writing glyphs‚ and their trade network‚ made them great. Also the Aztec and Inca accomplishments consist of roads‚ trade systems‚ Quipus‚ and much more. The Maya were located in the Yucatan Peninsula in Mexico‚ and they were also located in parts of Guatemala and Belize. The Inca were located
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Micayla Starnes AP World History 21 Aug 2014 APWH Summer Assignment 2014 Chapter 1 1. The key factor that provoked civilizations to develop was agriculture. Once discovered‚ agriculture allowed humans to settle in one place for a long period of time and become less migrant‚ therefore creating bigger cities. Some of the key characteristics that were critical for civilizations to develop were advanced cities‚ specialized workers‚ complex institutions‚ record keeping and advanced technologies. Agriculture
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