THE PLACE OF ISLAMIC LAW IN TANZANIA MAINLAND. BY YUSUF SHIKANDA ABDALLAH ZANZIBAR UNIVERSITY. Introduction: Islam is one of the Universal religions of the world. As a religion‚ Islam is governed by an assortment of divine laws known as shariah of which its sources are mainly attributed to the divine revelations in the Holy Qur’an and traditions of the Prophet (P.B.U.H). This package is what forms the basis of the spiritual‚ economic‚ political and social guidance of Muslims. Thus‚ all
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Exploring Women’s Rights in the Islamic Faith “People of the world don’t look at themselves‚ and so they blame one another” - A Persian Sufi mystic Maulana Jalal Al-Din Rumi‚ translated by Camille A. and Kabir Edmund Helminski I have always wondered how different our world would be if every human being actually uses their God (Allah) given gifts of reason‚ logic‚ and rationality rather than succumbing to ignorance and bending their will to the popular belief whether it is right
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4.0 Effects of Islamic Social Science Thinking to Human Civilization Subsequently‚ with the numerous contributions of Islamic scholars to Islamic social scientific thinking‚ they influenced some of the greatest human civilizations as well. Even to this day and age‚ many are unaware of the Islamic world’s contributions to the betterment of humanity. From the Western civilization up to the Malay civilization‚ Islamic thinking has undeniably made its mark on them up to this day. Further elaboration
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Acceptance Of Islamic Hire Purchase Facility: A Case Study among staff In Jabatan Pelajaran Negeri Kelantan‚ Kota Bharu 2012 CHAPTER ONE: 1.0 INTRODUCTION OF THE STUDY INTRODUCTION The Islamic concept of Al-Ijarah Thumma al-bay’ refers to lease or hire or rent ending with purchase. It is a type of lease which concludes with option to buy back which is concludes the legal title of the leased asset and will be passed to the lessee at the end of the period. It is one of the contemporary innovative
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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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CORPORATE FINANCE PROJECT TITLE: ISLAMIC BANKING SYSTEM VS CONVENTIONAL BANKING IN PAKISTAN SUBMITTED TO: MR. MUBEEN KHALID SUBMITTED BY: KHALID WASIM 09-MPA-M-23 HAFIZ MUHAMMAD AHSEN 09-MPA-M-19 SEMESTER: 3RD INSTITUTE OF ADMINISTRATIVE SCIENCES‚ UNIVERSITY OF THE PUNJAB. ACKNOWLEDGEMENT We‚ wholeheartedly show our gratitude to our esteemed teacher‚ Mr. Mubeen Khalid‚ who gave us this good opportunity for advancement in our Corporate Finance course by undergoing this
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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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During the period 600 CE to 1450 CE‚ the process of by which the Islamic Empire and the Mongol Khanates built and maintained their empires was different in that the ways the leaders governed and what sets of laws were used to govern but was similar in that they both depended heavily on military force for expansion and security. A difference between the two kingdoms’ maintenance was how the leaders governed their land. The Islamic Empire rulers‚ also called caliphs‚ ruled both religiously and politically
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Contents Introduction Islamic finance – financial institutions and products designed to comply with the central tenets of Sharia (or Islamic law) – is one of the most rapidly growing segments of the global finance industry. Starting with the Dubai Islamic Bank in 1975 (and operations in the United Arab Emirates‚ Egypt‚ the Cayman Islands‚ Sudan‚ Lebanon‚ the Bahamas‚ Bosnia‚ Bahrain and Pakistan)‚ the number of Islamic financial institutions worldwide now exceeds over
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both believe that Jesus was born through a virgin birth. The Islamic religion believes that Jesus did not die but that he ascended into heaven as a result of the crucifixion while Christians on the other hand believe that Jesus did die at crucifixion. The Christians believe that Jesus was resurrected on the third day morning however the Islam’s don’t believe that. However they each believe in the second coming of Jesus. The Islamic religion believes in salvation based on the Five Pillars of their
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