248 THE FUTURE OF ISLAMIC ECONOMICS Muhammad Akram Khan In view of the economic problems of the present age and the inability of neoclassical economics to analyse them and suggest acceptable solutions‚ Islamic economics holds promise for the future. This article consists of four parts. The first introduces the Islamic worldview and economic objectives of Islam. The second part argues that only Islamic economics has the potential to respond to the economic problems of the future. Part three sheds
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References: 1. Abdul‚ Ghafoor‚ A.L.M. Islamic Banking‚ Interest– free Commercial Banking‚ Geroningen: Apptec Publications‚ 1995. 4. A.H. Farooque‚ interest-free banking in Pakistan‚ Institute of bankers in Pakistan-Karachi‚ 1980 5 6. Ahmad‚ Ziauddin‚ et al.‚ eds.‚ (1983) Money and Banking in Islam‚ Islamabad: Institute of Policy Studies. 7. Ahmad‚ Ziauddin. (1984) "Concept and Models of Islamic Banking: An Assessment‚" paper presented at the Seminar on Islamization
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PHILOSOPHY OF EDUCATION ISLAMIC PHILOSOPHY OF EDUCATION By TAHIRA ARIF PABANEY In the partial fulfilment of the Requirements for the Degree of Master of Philosophy (M. Phil.) Education/Social Sciences Under the supervision of SIR SALEEM Presented to Hamdard Institute of Education and Social Sciences HAMDARD UNIVERSITY Submitted on: 26th February‚ 2013 ISLAMIC PHILOSOPHY OF EDUCATION Q. According to Imam Ghazali’s philosophy of education‚ what are the categories of knowledge? A. According
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DEFINING ISLAMIC WAY OF WARFARE AND ITS COMPARISON WITH AL QAEDA DOCTRINE A thesis presented to the Faculty of the U.S. Army Command and General Staff College in partial fulfillment of the requirements for the degree MASTER OF MILITARY ART AND SCIENCE Military History by MAJOR INTEKHAB HAIDER KHAN‚ BANGLADESH ARMY M.S.‚ Bangladesh University of Professionals‚ Dhaka‚ Bangladesh‚ 2011 Fort Leavenworth‚ Kansas 2012-01 Approved for public release; distribution is unlimited. REPORT
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Chapter 7: Abbasid Decline and the Spread of Islamic Civilization to South and Southeast Asia Main Ideas / Questions Record for Review The Islamic Heartlands in the During his reign from 775 to 785‚ al-Mahdi had tried to Middle and Late Abbasid Era consolidate its relationship with the Shi’ites‚ but had failed. Harun al-Rashid ascended the throne from 786-809. Imperial Extravagance and The tales of The Thousand and One Nights was set in Succession Disputes Baghdad during Harun’s
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PROSPECTS OF ISLAMIC BANKING: Legal and other Challenges and Issues Faisal Nasim LLM (Commercial Law) Table of Contents Acknowledgment…………………………………………………………….... 1 Preface ………………………………………………………………………..... 2 Glossary of Arabic Terms …………………………………………………......4 Chapter 1: ……………………………………………………………………....5 Introduction and the Basis of Islamic Banking Chapter 2: ………………………………………………………………..……..9 Islamic Modes of Financing Chapter 3: ………………………………………………………….………….21 Practical Application of the Islamic Modes
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DERIVATIVES IN ISLAMIC FINANCE ANDREAS A. JOBST (forthcoming in Islamic Economic Studies‚ Vol. 15‚ No. 1) Paper presented at the International Conference on Islamic Capital Markets held in Jakarta‚ Indonesia during August 27-29‚ 2007 jointly organized by Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IDB)‚ Jeddah‚ Saudi Arabia‚ and Muamalat Institute‚ Jakarta‚ Indonesia. DERIVATIVES IN ISLAMIC FINANCE ANDREAS A. JOBST# ABSTRACT Despite their importance for
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Islamic history of Yemen Islam in Yemen dates back to about 630 when it was introduced into the region by Ali when Muhammad was still alive. It was during this period that the mosques in Janad (near Ta’izz) and the Great Mosque of Sana’a were built. Yemenis are divided into two principal Islamic religious groups: 50-55% Sunni and 42%[1]-47%[2] Shia. The denominations are as follows: 50-55% primarily of the Shafi’i and other orders of Sunni Islam. 40-45% of the Zaidi order of Shia Islam‚ 2-5% of the
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“There is a gap between all the money coming in to Islamic banks and the deployment of that money into real economic assets‚” says Sayd Farook‚ the global head of Islamic finance at Thomson Reuters. “A crazy amount of money has gone into their coffers and they need somewhere to invest it.” There was a need for a bank that followed the rules and bans of certain investments and money handling‚ and this began the establishment of Islamic Banks in the 1970’s. The establishment of these banks opened a
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ISLAMIC ECONOMIC SYSTEM Definition of Economics A. Ibnu Khaldun’s Definition Economics is the study of humankind’s civilization and human association. It also refers to activity related to humankind’s livehood‚ its development‚ progress and prosperity. The economic problem resides in efforts spent by people to obtain earnings that they used to satisfy their needs and necessities‚ for refinements and luxuries‚ and for acquisition and possession. Hence we can conclude that Economics is the study of
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