2088-9976 RESEARCH PAPER Liquidity Risk Management And Financial Performance In Malaysia: Empirical Evidence From Islamic Banks Noraini Mohd Ariffin Assistant Professor at the Department of Accounting‚ Kulliyyah of Economics and Management Sciences‚ International Islamic University Malaysia. The author would like to thank Associate Professor Dr. Salina Kassim from International Islamic University Malaysia for giving valuable comments in completing the paper. Abstract - Liquidity risk arises from
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C‚x7ik y7ku`w2History of Islamic Banking in Pakistan Efforts to Islamize the economy of Pakistan started in the mid 60s. However a significant attempt was made in the mid 80s1 to convert the banking system to an Islamic banking system. The Banking Companies Ordinance (BCO‚ 1962) was amended to accommodate non-interest based transactions and the industry was given a specific timeline to convert to the non-interest based system. In early 90s‚ the whole exercise was challenged in the Federal Shariat
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Positive impact The mongol empire was tremendous at making a huge impact on the world. I think that what the mongols left behind has a positive impact on the world today for a different amount of reasons. The mongolians have left a range of technology around for an example the pony express or the idea of chemical warfare all of these things are a positive to us now because we have advanced from that and increased our protection and that’s why I think the impact that genghis kahn left behind is positive
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difficult to resolve. We ask ourselves and political leaders many questions including‚ what is terrorism? What are the determinants behind their attacks? “Terrorism is an outrageous attack carried out either by individuals‚ groups or states against a human being’s religious life‚ intellect‚ property‚ and honor. It includes all forms of intimidation‚ harm‚ threatening‚ killing without just cause and everything connected with any form of armed robbery‚ hence marking pathways insecure‚
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Deposits are strictly not considered as loans in the Islamic sense. If it is in the form of money‚ then he has an obligation to pay Zakat out of it. If these deposits are indeed loans‚ then it is the banks which should pay zakat on them. In reality‚the banks make the depositors pay the zakat ‚ which is injustice. (Alexandra R‚ Hardie & M. Rabooy‚ 1991) M. Norain‚ Ariffin‚ & M Adnan explained the perceptions and awareness among bankers in Islamic banks is essential to enhance corporate social responsibility
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much controversy within the Islamic community arises over the display of artistic expression‚ art couldn’t be hindered. Islamic art has been carefully woven into the culture and belief system. Many periods and events have contributed
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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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that Sufi music has universally influenced the world and has bridged the gap between both the Western world and the Islamic world. The renowned scholar‚ Seyyed Hossein Nasr quotes a man he deeply admires‚ Yehudi Menuhin‚ who said‚ “Sufi music is like ladder that connects the soul to Allah.” This ultimately shows the importance that music has on Sufism. In addition‚ Nasr also states that there must be conditions set for each particular Sufi order to participate in the spiritual concert‚ or sama’
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Fundamental Islamic values to business activities. Islamic Accounting hopes that Islamic organizations abide by the principles of the Shari’ah or Islamic Law in its business activities. There is a prohibition of interest-based income or expense in the business activities according to the Islamic accounting. In Islamic accounting‚ the profit determination is more important. In the reporting of financial statement according to Islamic accounting‚ the reporting must be holistic. Its mean that both
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Islamic Financial Institution (IB 1004) Project Work “Islamic Finance development: the Moroccan experience” Student: FZ Habib Eddine CIFP online 2013 1. Islamic Banking in North Africa Compared to other Muslim regions North Africa is still undeveloped in terms of Islamic Finance Institutions. The largest Islamic Bank in the region is Faisal Islamic Bank of Egypt established in 1971 but it is still a small institution compared to other Banks in Middle East and Gulf Area‚ according
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