Summery Islamic Mode of Financing in other Countries (Malaysia‚ Iran‚ Sudan‚ Saudi Arabia) Introduction Islamic banking and finance may not be a totally new concept‚ the widespread expansion of this form of banking is certainly a fairly recent phenomena. There are more than 600 Islamic banking institutions and these institutions not only operate in Muslim countries‚ but have also gained footing in non-Muslim countries. Consensus forecasts expect the asset size of global IFSI to hit US$2 trillion
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ASSIGNMENT OF ISLAMIC ECONOMICS TOPIC ECONOMIC IMPLEMENTATION OF REDISTRIBUTIVE MEASURES OF ISLAMIC SOCIETY WITH REFERENCE TO PAKISTAN REDISTRIBUTION OF WEALTH Redistribution of wealth is
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Muslims believe the Qur’an to be the direct words of Allah‚ as revealed to and transmitted by the prophet (S.A.W). All sources of Islamic law must be essential agreement with the Quran‚ the most fundamental source of Islamic knowledge. When the Qur’an itself does not speak directly or in detail about certain subject‚ Muslims only then turn to alternative sources of Islamic law like ; the Sunnah‚ Ijma and Qiyas used by Muslims legal experts. Purpose of the Qur’an: "Had we sent down this Qur’an on a
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Zomo@hotmail.com Many times when feminists looked at Islamic women they criticized the man for not treating women properly. However‚ as Jane I. Smith states‚ women of Islam are not really offended by that fact‚ on the contrary‚ they believe that it is better for them. The Holy Koran is the basis for the Islamic believers. It has many interpretations‚ however there are certain facts that are sure to be clear as to the position of women in an Islamic society. Koran did introduce very significant changes
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His Messenger and His rightful servants. I thank Allah for his mercy and grace to let me complete this assignment. I am grateful to be assigned with this interesting topic. First of all‚ I would like to thank Professor Dr Razali Nawawi‚ my Islamic Obligation Lecturer (MCL Program) for his guidance and help throughout the making of this task. Your ideas and brilliant thoughts are very useful to me. Your recommendation of the book by Ibnu Taymiya has gained me valuable knowledge. To my parents
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Development of Accounting Theory Based on Islamic Principles and Accounting Standards Setting Mechanism Shaukat Amer Assistant Professor COMSAT Institute of Information Technology Attock Pakistan Shaukat_amer@comsats.edu.pk Abstract The purpose of this paper to explore the possibility to look for a new accounting theory and accounting standards setting mechanism under some of Islamic principles.The paper has discussed basic Islamic principles of “Amanah” (Custody)‚ “Shahadat” (Testimony)
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Kelsey Pendleton 8 Nov 2010 Option 2 – Islamic Art In traditional Islamic architecture the Gibla was the wall facing in the direction of the Mecca‚ and contained a Maqsura‚ the place where the emir or caliph would pray. The Mihrab was usually a concave niche in the Gibla‚ indicating it as the Mecca-oriented wall of the mosque. However‚ the word Mihrab has been used to refer to a variety of architectural elements that vary in size‚ shape‚ and elaboration. This meaning of the word make the true
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Islamic green revolution was a substantial transformation in the agriculture between the mid-8th-mid-13th century which was known as the Islamic Golden Age. This article discusses the major four keys behind success of the Islamic Agricultural Revolution. These were: 1. Islamic rules on land ownership and labour rights. 2. Irrigation methods. 3. Improved farming techniques and a scientific approach to farming. 4. Introduction of new crops. Islamic Rules On Land Ownership And Labour Rights. During
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8th International Conference on Islamic Economics and Finance Islamic Corporate Social Responsibility in Islamic Banking; Towards Poverty Alleviation Muhammad Yasir Yusuf 1 Zakaria bin Bahari 2 One of the goals of Islamic banking operations is to increase the economic growth towards a better and just society. This study aims to examine the criteria and Islamic instrument of corporate social responsibility towards the creation of a sustainable economic development. Specifically‚ the study analyses
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Selected Text for Islamic Studies Atta-ur-Rahman Arif Institute of Business Management CHAPTER ONE What is Fiqh? Fiqh is the understanding and comprehending of the object of nusoos (text). This is something which Allah Ta’ala had bestowed the pious predecessors with. Imam Abu Hanifah‚ Imam Shaafi (rahmatullah alaihima)‚ etc. were Imams because of their deep understanding of this knowledge. All the Aimmah-e-Mujtahiddeen excels in this quality and field of knowledge. None (in present
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