An Introduction to Takaful – An Alternative to Insurance By (Muhammad Ayub)∗ Islamic finance has developed mainly in two directions namely Islamic banking and Islamic insurance (Takaful). While information about Islamic banking is being increasingly disseminated‚ features‚ models and structures of Takaful are little known particularly in Pakistan. Purpose of this brief article is to describe main features and models of Takaful system operating in various parts of the world. All human beings
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Running Head: WEEK 5 INDIVIDUAL ASSESSMENT Introduction Exercise 1. Analyzing a current operations management technique. 1. What is the problem‚ opportunity‚ or challenge addressed in the article? The opportunity addressed in this paper state that business analytics (BA) is an important tool to improve businesses efficiency‚ competitiveness and profitability (Valadares de Oliveria‚ McCormick‚ & Trkman‚ 2012‚ p. 5488). An important area of BA use is in
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practices and philosophies. By Political thought is meant‚ broadly‚ the study and interpretation of Islamic political culture‚ ideas‚ beliefs‚ and institutions; the contribution of key political theorists and authorities to the understanding or practice of governance; what people and groups believed about political authority and institutions and their political convictions; and how politics in the Islamic world has related to and interacted with
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Islamic Financial Institution (IB 1004) Project Work “Islamic Finance development: the Moroccan experience” Student: FZ Habib Eddine CIFP online 2013 1. Islamic Banking in North Africa Compared to other Muslim regions North Africa is still undeveloped in terms of Islamic Finance Institutions. The largest Islamic Bank in the region is Faisal Islamic Bank of Egypt established in 1971 but it is still a small institution compared to other Banks in Middle East and Gulf Area‚ according
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the ordinary sense of the world‚ but also a complete code and system of life for any individual living in this world. While other religious preaching and practices provide general guidance only for the relationship between man and his Creator‚ Islamic teachings and methods guides man in his relations with ALLAH the Almighty and provide and guide them the norms which govern human beings temporary existence in this world. Islam take into account an individual’s political‚ social economic‚ moral
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Topic: Salient features of Islamic economics compared with capitalism and socialism Lahore College for Women University “Islamic Economics and its Features” System: System can be defined as: “System (from Latin systema‚ in turn from Greek systēma) is a set of interacting or interdependent entities‚ real or abstract‚ forming an integrated whole.” We can also define system as “A group of D that interact regularly to perform a task.” There are many systems regarding state and most
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controversial approaches of political science. Another argument is the question of contribution of Marxism to the world politics. Although Marxist ideas were influenced and accelerated the diversity between the Western the Eastern hemispheres in the past‚ especially during the Cold War‚ some notable political scientist like Martin Wight asserted “neither Marx‚ Lenin nor Stalin made any systematic contribution to international theory...[1]”. Due to these problems mentioned previously‚ it is
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’Humans have evolved to be fundamentally distinct from other animals’. Critically evaluate this claim drawing on evidence from Chapter 2 and 3 in Book 2. Communication is essential in both humans and other animals. It can take different forms‚ from birds using a song to attract mates‚ to humans using symbols to convey meaning‚ and from cats and dogs using certain postures to signal aggression to humans using gestures to convey a message (Cooper T. and Kaye H.‚ 2007). Ethology studies and case
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Islamic Finance is a financial system that doesn’t work like other conventional banking systems. It follows the Islamic law‚ Shariah‚ which doesn’t allow certain aspects of a normal banking system such as usury and speculation. There are some main principles to be followed in Islamic banking. First of all‚ it prohibits interest‚ or Riba. Riba is forbidden in Islam‚ and therefore Islamic banking system adopts the principle of profit and loss sharing. It also prohibits uncertainty‚ gambling‚ and prohibits
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CTU351 INDIVIDUAL ASSIGNMENT RHB Islamic Banking NAME : ATIQAH BT NORDIN SECTION : 12.6.21 COURSE : BM112 LECTURER’S NAME : USTAZAH ZURAIDAH ACKNOWLEDGEMENT I admit that this is the result of my own work or effort Date : 3 JULY 2013 ( _____________________) ATIQAH BT NORDIN
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