Islamic banking and finance An alternative form of banking which challenges the western norms and addresses it limits. But it shouldn’t really be considered a norm just because it is developed in the West‚ based on capitalist ideas. Other forms of banking such as IBF have been around for many years’ especially Islamic countries but just ignored by economic geographers as they were in the global South. It is not an ‘emerging’ method; it has been successful in many Middle Eastern and Asian countries
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pay Zakah and undertake Hajj‚ so it teaches us how to run a state‚ from a government‚ elect councilors and members of parliament‚ make treaties and conduct business and commerce. Bear in mind that Islamic ruling system is not the same as the ruling system we have in the non-islamic countries. The Islamic Political System is based on the following main principles: Sovereignty of Allah‚ Khilafah of Mankind‚ Legislation by Shura‚ Accountibility of government‚ Independence of judiciary‚ and Equality before
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The navigational innovations during the Islamic Golden Age were not only the effect of the many scientific innovations of that time‚ but the increased connectivity among different societies allowed technology to advance even further. Whether it was improved maps or the widespread use of the compass‚ this time fostered many crucial inventions in navigational history. Additionally‚ many important historical navigators came from this time. One of these men was Piri Reis‚ the author of the Kitab-i-Bahriye
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three basic components of traditional Islamic art: calligraphy‚ geometric patterns‚ and floral and vegetal motifs. These three stylistic tools are beautifully rendered and masterfully integrated into complex works of art‚ but there is no question that artistic expression is severely limited under these categorizations. However‚ this limitation stems from Islamic theology and concept of art. The main reason for the limitation imposed on visual art is the Islamic theological prohibition of figural
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Janazah in Arabic) follow fairly specific rites‚ though they are subject to regional interpretation and variation in custom. In all cases‚ however‚ sharia (Islamic religious law) calls for burial of the body‚ preceded by a simple ritual involving bathing and shrouding the body‚ followed by salah (prayer). Cremation of the body is forbidden. Common islamic burial rituals include Bathing the dead body‚ except in extraordinary circumstances as in battle of Uhud. Enshrouding dead body in a white cotton or linen
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1. Introduction Islamic View on Terrorism The events of September 11th‚ 2001 brought the issue of terrorism to the forefront of world affairs in an unprecedented manner. The attacks on the World Trade Center and the Pentagon forced a new and aggressive campaign to combat terrorism worldwide. The US declared a war on terrorism. On October 7th‚ a war against Afghanistan was launched by the US and Britain supported by many nations in the world. The US declared list of suspects
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After reading and thoroughly analyzing both sides of the Taking Sides Issue‚ “Does the Modern University have Islamic Roots in the Islamic World?” I agree with the professor of history and philosophy of education Medhi Nakosteen; he touches the roots of the modern university to the Golden Age of Islamic Culture (750-1150 C.E). Medhi also states that Muslim scholars adapted the best of traditional scholarship and established both the experimental method and the university system‚ which they handed
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Islamic Contract Law TYPES OF COMMITMENTS 1. Wa‘d – • • • – وunilateral promise One party binds itself to perform a function for another Does not normally create legal obligation Legal obligation is created: • • Genuine need of the masses – (ر Contingent promise ا س )رد ا ز ن ز ا إذ ا 2. Muwaa‘ada – ا ة • • • • – bilateral promise Two parties performing two unilateral promises on the same subject Use of two unilateral promises can lead to a forward contract
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Life Cycle Costing Life-cycle cost (LCC) or also known as whole-life cost refers to the total cost of ownership over the life of a product. LCC commonly referred to as "cradle to grave" or "womb to tomb" costs. The costs considered include the financial cost which is relatively simple to calculate and also the environmental and social costs which are more difficult to quantify and assign numerical values. According to Business Dictionary‚ life cycle costing is a procurement and production costing
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100 Hadiths About Being the Best! Prophet Muhammad (sallallahu ‘alayhi wa sallam) told us: 1. “The best of the Muslims is he from whose hand and tongue the Muslims are safe.” (Muslim) 2. “The best of people are those with the most excellent character.” (Tabarani‚ Sahih) 3. “The best of people are those that bring most benefit to the rest of mankind.” (Daraqutni‚ Hasan) 4. “The best of people are those who are best in fulfilling (rights).” (Ibn Majah‚ Sahih) 5. “The best of people
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