INTRODUCTION Islamic finance system has its basis in great Islamic value. It is Riba-free system ( Riba means interest) which ensures the abolition of profit-sharing from the whole financial system. Islamic Finance System (IFS) can be categorized with absence of ‚ Interest based transactions Interest based financial institution Unethical and doubtful transactions Companies’ stocks involved in unlawful activities Market manipulation And so on and so forth. Islamic Financial System is opposite of Conventional
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A DISSERTATION ON “ISLAMIC BANKING IN INDIA-WHAT IS THE FUTURE POTENTIAL?” Introduction: The basic principles on which the Islamic banks function are prohibition of Riba i.e. collection and payment of interest and prohibition of investment in organization involved in unethical and socially harmful activity. the profits earned by a bank from its activities and returns made by a bank to the depositors shall be (a) from sharing of risk in the project and (b) profit-share agreements
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Educational Leadership: An Islamic Perspective Dr. Walid Ahmad Masa’dah‚ Department of Islamic Studies‚ College of Shari ’ah and Islamic Studies‚Yarmouk University‚ Irbid‚ Jordan And Dr. Ali Mohammad Jubran‚ Department of Islamic Studies‚ College of Shari ’ah and Islamic Studies‚Yarmouk University‚ Irbid‚ Jordan ABSTRACT This paper aimes to identify the main features of educational leadership from an Islamic perspective. It is an attempt to contribute to the development and understanding
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Perennial Values in Islamic Art |نويسنده : تيتوس بوركهارت | | |منبع : Studies in Comparative Religion‚ Vol. 1‚ No. 3. | | |زبان : انگليسي |نسخه قابل چاپ | |تاريخ درج مقاله : چهارشنبه 28 آذر 1386
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2003 MVRS PUBLICATIONS‚ INC.‚ MARS C. LACONSAY‚ MYLA C. AGUJA and AGUSTINO G. BINEGAS‚ JR.‚ petitioners‚ vs. ISLAMIC DA’WAH COUNCIL OF THE PHILIPPINES‚ INC.‚ ABDULRAHMAN R.T. LINZAG‚ IBRAHIM F.P. ARCILLA‚ ABDUL RASHID DE GUZMAN‚ AL-FARED DA SILVA and IBRAHIM B.A. JUNIO‚ respondents. ISSUE: Whether or not there was an existence of the elements of libel in the Bulgar article. FACTS: 1. ISLAMIC DA’WAH COUNCIL OF THE PHILIPPINES‚ INC.‚ a local federation of more than seventy (70) Muslim religious organizations
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supporting documents by a professional‚ such as a Certified Public Accountant. According to AlBaraka‚ Islamic bank is an institution that mobilizes financial resources and invests that money in an attempt to achieve pre-determined islamically - acceptable social and financial objectives. Both mobilization and investment of money should be conducted in accordance with the principles of Islamic Sha’riah whereas according to Ustaz Hj Zaharuddin (2007) stated that conventional bank operates based on
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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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“Studying Islamic Architecture: Challenges and Perspectives” deals with a basic question that ‘why is western architecture always given more importance in practical and theory as compare d to that of Islamic architecture’? The article very well talks about the issue of western architecture being more important than the Islamic architecture. The article talks about both the pros and cons of the argument discussed above. The article also analyses why the two that is western architecture and Islamic architecture
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Flat and Lean Organization * The Holy Prophet (PBUH) used * easily accessible to the Muslim society of the time who would come with a lot of issues and affairs to be resolved by the Prophet (PBUH). * always lead from the front and never shied away from doing his personal chores Participative Style of Management Based on Consultations and Brainstorming * The Prophet (PBUH) used a consultative form of decision making‚ in which he would listen to the ideas of others and only then a decision
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Islamic and Hindu Kingdoms • In 451 C.E‚ white Huns from central Asia invaded India and disrupted the gupta administration • Turkish people known as the Mughals extended their authority and their empire to much of the subcontinent. The quest for centralized imperial rule • In northern India‚ politics became chaotic and nomadic Turkish speaking peoples from central Asia took advantage of that unsettled state of affairs to cross the Kyler pass and force their way into India • Nomadic people
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