ISLAMIC LIFE INSURANCE (TAKAFUL)‚ IT’S EVOLUTION‚ COMPARISON WITH CONVENTIONAL LIFE INSURANCE‚ AND ROLE OF DAWOO TAKAFUL ( AN INSURANCE COMPANY OFFERING LIFE INSURANC IN PAKISTAN ) FOR TAKAFUL INDUSTRY IN PAKISTAN Table of Contents 1.0 LIFE INSURANCE/CONVENTIONAL LIFE INSURANCE 2 2.0 ISLAMIC LIFE INSURANCE 2 3.0 WHY LIFE INSURANCE NECESSARY 2 4.0 COMPARISON BETWEEN COVENTIONAL LIFE INSURANNCE AND ISLAMIC LIFE INSURANCE 2 4.1 HOW CONVETIONAL INSURANCE WORKS 3 4.2 DIFFERENTATION OF
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The person it is talking about in the article the Vikings and Islamics who found the Islamic ring. The Islamics had used stained glass and silver to make the ring and the Vikings would trade the meat and fur. Leif Erickson‚son of Erik the Red‚ could’ve led the first European trip up north and to the west almost five centuries before Christopher Columbus landed in the Bahamas. There is written evidence of Vikings had contact with the early Muslim world. The Vikings have traveled as far as Constantinople
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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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In a city where books aren’t welcome Fahrenheit 451 is important. 451° fahrenheit is the temperature books burn. This is important because when a house is found with a book in it‚ the house is burnt by the fireman. So that makes me believe Ray Bradbury‚ the author‚ chose a great title for this book. I believe the author’s purpose is to teach people you should always be happy in some way‚ so he wanted us to understand even if it a little giggle you can be happy even if you don’t think so. Even if
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Within the article‚ the discussion of the development of the views of marriage‚ women’s rights‚ equality‚ and also the influence of women in the development of Islamic tradition was discussed. The story of Muhammad and his various wives as well as Allah having three daughters show the influence of women and also the development of polygamy in Islamic beliefs. Muhammad had many wives due to him taking in women whom were unable to return to their homes and were in need of help due to their conversion to
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Difference between islamic banking and conventional/ commercial banking BUSHRA TABASSUM IQRA ARSHAD SIDRA MEHAK MEHAK KHAN EMAD KHAN ISLAMIC BANKING: Islamic banking refers to a system of banking activity that is consistent with Islamic law (sharia’h) principles and guided by Islamic economics SHARI’AH – INTRODUCTION • What do we mean when we say ISLAMIC? We certainly mean an • Act‚ action‚ activity or thing that is in conformity with islamic • Teachings; • And when we say shari’ah what do we
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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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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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Efficiency of Islamic Banks in Malaysia Mariani Abdul Majid* NOR GHANI MD. NOR** FATHIN FAIZAH SAID ABSTRACT IN RECENT YEARS‚ MALAYSIAN ISLAMIC BANKS HAVE TO OPERATE IN AN INCREASINGLY COMPETITIVE ENVIRONMENT. THIS TREND IS EXPECTED TO CONTINUE AS THE COMPETITION FROM CONVENTIONAL BANKS PICKS UP‚ PARTLY IN RESPONSE TO THE ASEAN FREE TRADE AGREEMENT (AFTA)‚ BUT ALSO IN RESPONSE TO THE GENERAL GLOBALIZATION OF MARKETS. HOW ISLAMIC BANKS WILL BE AFFECTED BY THE INCREASED COMPETITIVE PRESSURES
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The Rights of Women in Islamic Countries For many years women have been mistreated in society. While many nations now see men and women as equals‚ the Islamic community has yet to do such. Many Islamic counties‚ such as Iran‚ still abide by these unjust actions that take place against a person because of their gender. Women in Islamic countries are being controlled with what they are allowed to say‚ how they are allowed to dress‚ their political opinions‚ the types of employment they may hold
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