A Critical Perspective on the Principles of Islamic Finance Focusing on Sharia Compliance and Arbitrage James M Garner* Abstract This essay is a comprehensive discussion of the crucial Islamic finance principles written within Sharia law that govern the sector. Riba (prohibition of interest) being the major and most widely known is central to the discussion. However‚ this essay deals with many other of the major financial principles‚ for instance Gharar (avoidance of excessive risk)‚ Maisir
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[Group 3] Sonic 1000 is a new multimedia‚ dual-mode smartphone is prepared to launch by Sonic in a mature market. Specific segments target in consumer and business markets‚ taking advantage of the growing interest in a single powerful but affordable device with extensive communication‚ organization‚ and entertaiment benefit. The primary marketing objective ◦ Achieve first year US market share of 1% with unit sales of 800‚000. The primary financial objectives
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HUDOOD Hudood derived from the word ‘Hadd’ is often used in Islamic literature for the bounds of acceptable behavior and the punishments for serious crimes. In Islamic law or Sharia‚ hudood usually refers to the class of punishments that are fixed for certain crimes that are considered to be "claims of God." They include theft‚ fornication‚ consumption of alcohol‚ and adultery. These offences are specifically mentioned in the Quran and Sunnah. However shortly after coming into power in 1979‚ General
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AP World History Study Guide Unit 6 – An Age of Revolution‚ Industry and Empire 1750-1914 Revolutions and National States in the Atlantic World Common themes of Revolutions of the 18th and 19th centuries Compare and contrast the American and French Revolution Result of Seven Year’s War. John Locke’s influence on Revolutionary documents Definition of the “ancient regime” French comparative document to the Declaration of Independence Most radical phase of the French Revolution Location of only successful
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and Transoxania is a case in point. It was a very tedious Islamic takeover that gradually won over the acceptance of the inhabitants in Persia at the time. However‚ this process of assimilation was not new in the area as many Iranians had previous traditions to which they had adapted during pre-Islamic times of the Achaemenids‚ Parthians and Sassanians. These two customs‚ then‚ were merged together to form what we now call the Iranian Islamic identity. This merger transformed much of the cultural
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Taking Sides Issue‚ “Does the Modern University have Islamic Roots in the Islamic World?” I agree with the professor of history and philosophy of education Medhi Nakosteen; he touches the roots of the modern university to the Golden Age of Islamic Culture (750-1150 C.E). Medhi also states that Muslim scholars adapted the best of traditional scholarship and established both the experimental method and the university system‚ which they handed on to the west before they degenerated. Muslims have made many
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been a part of business. The article of Islamic Business Ethics & Finance: An Exploratory Study of Islamic Banks in Malaysia written by Muhammad Adli Musa studied about how Islamic finance which claims to offer global financial stability and high ethical standards should reflect Islamic values in all facets of behaviour to bring about collective morality and spirituality‚ which when integrated with the production of goods and services advance the Islamic way of life. This paper also attempts to
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further discuss the good things colonialism has brought and on the other the bad sides it has brought. This academic paper will also go on further to come up with concrete but brief conclusion. One of the paradoxes of the modern political economy of Africa is the cleavages to vestiges of colonialism long after the colonialists have left and the African has been in control of his affairs. Arguably‚ new forms of colonialism have emerged where the former colonialists still hold the strings of development
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ENCOUNTER WITH THE WEST 10. THE TRAIDING ROUTE • In the last two centuries of the Middle Ages‚ the Europeans‚ while regaining the Holy Land from the Muslims‚ were able to establish commerce with the Orient through trade routes. The goods the Europeans wanted were gold‚ jewels‚ silk‚ perfumes‚ especially spices like: *pepper *onions *ginger *nutmeg *garlic is the most important items of trade from East. • Owning to the desire of the Europeans to enhance the taste of food and to preserve
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ihosein@tstt.net.tt; inhosein@hotmail.com Website: www.imranhosein.org First Published 2011 SÕRAH AL-KAHF: Quartet of Books Volume 1: Sūrah al-Kahf: Text Translation and Modern Commentary; Volume 2: Sūrah al-Kahf and the Modern Age; Volume 3: An Islamic View of Gog and Magog in the Modern Age; Volume 4: Dajjāl the False Messiah or Antichrist. Published by Masjid Jāmi’ah‚ City of San Fernando. 70‚ Mucurapo Street‚ San Fernando. Trinidad and Tobago Printed in Kuala Lumpur‚ Malaysia
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