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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or private utility or exposing a national or natural resource to danger.” The definition‚ mentioned by the Muslim World League Journal‚ sounds pretty similar to the most recent attack on the U.S. . On the day of 9/11‚ Al-Qaeda‚ an Islamic terrorist organization‚ hijacked four planes. They succeeded in their mission‚ putting America in fear and panic‚ after crashing two planes into the world trade center‚ one into the Pentagon‚ and one into a field in rural Pennsylvania. There were
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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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plurality of opinions and then make up their own minds. They must be allowed to say‚ write and publish whatever they want. Freedom of expression is the most basic‚ but fundamental‚ right. Without it‚ human beings are reduced to automatons” (Ma Jian). The Islamic Revolution in Iran has affected the country for decades making it a completely different place to live. Before western items and style were encouraged‚ now they are forbidden. The stark contrast between the Shah and the Ayatollah is shown through
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LEADERSHIP FROM AN ISLAMIC PERSPECTIVE By LOKMAN EFFENDI RAMLI Page 1 of 27 1.0 INTRODUCTION Allah (s.w.t.)1 has created mankind with noble objective that people would lead their live in peace and harmony following the system of belief of his revelations sent down through Prophets from time to time since very beginning of the society in this world. On top of that‚ Allah (s.w.t) said in Al Qu’ran the responsible of humankind is to worship to him. “I have only created jinns and men
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The Islamic beliefs are based on the Five Pillars. These pillars symbolize the responsibilities the Muslims have. They provide a spiritual infrastructure and function. The text states the Five Pillars “the first pillar is Shahada: the declaration of faith‚ the second is Salat: the daily prayer‚ the third is Zakat: almsgiving‚ the fourth is Sawm: fasting during the month of Ramadan and the fifth is Hajj: pilgrimage to Mecca” (472). The first pillar Shahada is a brief prayer that affirms the individuality
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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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hegemonic power of Muslim control over the non-Muslim population‚ non-Muslim communities in the Ottoman Empire had been granted state recognition and protection in the Islamic tradition. With the Empires defeat‚ its partitioning and the loss of its Middle Eastern territories to the French and British‚ created a void of Islamic representation in the geopolitics of the early 20th century. This void and lack of representation led to multiple Islamist and
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Germany and Islamic Military Intervention International Relations POLS1160 The Islamic State is a region in the Middle East that is an unrecognized state with a self-declared government. They control a landmass in northwest Iraq and eastern Syria. Since the removal of U.S troops from Iraq in 2011‚ tensions have escalated between the government and radical groups such as ISIS. ISIS has slowly been conquering land in Iraq. They are well trained and organized soldiers that have an effective use
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