………………..33 Chapter 1 Introduction and History 1.1) Introduction Thirty years ago‚ Dubai Islamic Bank ( ’DIB ’) created history by becoming the world ’s first Islamic Bank. Today‚ Islamic banking has become one of the fastest growing economic sectors with over 300 financial institutions‚ with assets estimated at over US $300 billion providing Islamic financial services. Despite huge growth in the sector DIB continues to be the industry pioneer and undisputed market leader
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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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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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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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some explanations of what causes anti-US terrorism. I will examine a couple different hypothesis that try to explain the causes of terrorism‚ but my research I plan to argue that anti-US terrorism is rooted in political and social movements by angry Islamic fundamentalists who believe using non-conventional tactics are the most rational way to fight the US and the western powers. Terrorist groups‚ such as Al-Qaeda‚ do not see diplomacy with the US as an option to voice their demands because they see
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2003 MVRS PUBLICATIONS‚ INC.‚ MARS C. LACONSAY‚ MYLA C. AGUJA and AGUSTINO G. BINEGAS‚ JR.‚ petitioners‚ vs. ISLAMIC DA’WAH COUNCIL OF THE PHILIPPINES‚ INC.‚ ABDULRAHMAN R.T. LINZAG‚ IBRAHIM F.P. ARCILLA‚ ABDUL RASHID DE GUZMAN‚ AL-FARED DA SILVA and IBRAHIM B.A. JUNIO‚ respondents. ISSUE: Whether or not there was an existence of the elements of libel in the Bulgar article. FACTS: 1. ISLAMIC DA’WAH COUNCIL OF THE PHILIPPINES‚ INC.‚ a local federation of more than seventy (70) Muslim religious organizations
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roTHE ROLE OF ISLAMIC BANKING IN ECONOMIC DEVELOPMENT IN EMERGING MARKETS BY HAJARA ADEOLA MD/CEO LOTUS CAPITAL LIMITED A PRESENTATION AT THE ISLAMIC FORUM BUSINESS LUNCHEON LA SCALA‚ LAGOS NOVEMBER 2007 1 OUTLINE • • • • • • • • • • • • • • Introduction Effects of the Interest Based system The Islamic Solution The Framework Shari’ah Objectives and Effects Islamic Tools for Prosperity Macroeconomic Efficiency Islamic Banks – An Alternative? Effects on the Economy Financial Institutions Global
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interconnected through a number of factors‚ such as trade‚ urbanization‚ and technology. During the medieval period that spanned roughly from the fifth to the fifteenth century‚ Middle China and the Islamic Caliphate were two renowned civilizations. Middle China was located in eastern Asia and the Islamic Caliphate was located in the Middle East‚ so these civilizations were geographically far. However‚ this did not impede them from interconnecting; they became connected to the world and to each other
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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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