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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Kalima. • Deen-e-Hanif is an old name of Islam. • First institution of Islam is Suffah. • Haq Mahar in Islam is fixed only 400 misqal. • Ijma means ageing upon any subject. • Qayas means reasoning by analogy. • There are four schools of thought of Islamic Law. • Janatul Baki is situated in Madina. • Masjid-e-Hanif is located in Mina. • JANAT UL MOALA is a graveyard in MECCA. • Qazaf: false accusation of
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A Comparative Study on Gender-Based Violence in Mexico and Saudi Arabia James Adrian S. Amparado A Comparative Study on Gender-Based Violence in Mexico and Saudi Arabia This is a double-country study‚ comparing a conservative Christian country and a conservative Islamic country in terms of the root cause of violence against gays and the response of the government to the said violence. The study will assess which government is more effective in responding to the said violence and to
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had a council of elders to advise him‚ especially whenever he wanted a law to be enacted. The law was written and announced to the whole barangay by a town crier‚ called the umalohokan. The People’s Commandments. Pre-college Filipino textbooks teach that the only written laws of pre-colonial Philippines that have survived are the Maragtas Code and the Code of Kalantiaw‚ both prepared in Panay. Some historians believe that the Maragtas Code was written by Datu Sumakwel‚ one of the chieftains from
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the ordinary sense of the world‚ but also a complete code and system of life for any individual living in this world. While other religious preaching and practices provide general guidance only for the relationship between man and his Creator‚ Islamic teachings and methods guides man in his relations with ALLAH the Almighty and provide and guide them the norms which govern human beings temporary existence in this world. Islam take into account an individual’s political‚ social economic‚ moral
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LAWS OF MALAYSIA Act 276 Islamic Banking Act 1983 Date of Royal Assent Date of publication in the Gazette 9-Mar-1983 10-Mar-1983 An Act to provide for the licensing and regulation of Islamic banking business. PU(B) 182/1983 [7th April 1983] ARRANGEMENT OF SECTIONS PART I PRELIMINARY 1. Short title‚ commencement and application. 2. Interpretation. PART II LICENSING OF ISLAMIC BANKS 3. Islamic banking business to be transacted only by a licensed Islamic bank. 4. Minister may vary or
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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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Running Head: The Pre Trial Process After a suspect is arrested and officially charged with a crime‚ he or she becomes a criminal defendant (Zalman‚ 2008). This step is significant in the criminal justice process because it brings several new sets of rules into play related to the defendant’s trial. Before a criminal defendant can be tried however‚ a number of milestones must be met and several obligatory processes must be completed. These procedures are designed to ensure that a fair trial
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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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Another military reason for attacking the US is the presence of US in Saudi Arabia. In August 1990‚ the Gulf War occurs between multiple forces from 34 nations led by US against Iraq in response to Iraq’s invasion and annexation in Kuwait. During the war‚ US sent 5‚000 troops into Saudi Arabs‚ and the Operation Southern Watch enforced the non-fly zones around Saudi Arabs. Since the Arabs established holiest houses in Islam‚ many Muslims were agitated about the presence of US military. Bin Laden was
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