What are the impacts of the global financial crisis on Islamic banking system and how Islamic bank spared from the crisis? Accounting Master ’s thesis Salad Addawe 2012 Department of Accounting Aalto University School of Economics i What are the impacts of the global financial crisis on Islamic banking system and how Islamic bank spared from the crisis? Master’s Thesis Salad Araye Addawe Winter 2012 Accounting Approved in the Department of
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References: Annual reports of the Standard Chartered PLC for years ended 31st December 2006‚2007 and 2008 Annual reports of the Islamic Bank of Britain for years ended 31st December 2006‚2007 and 2008 http://www.imf.org/external/pubs/ft/survey/so/2010/res100410a.htm
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to express our deepest appreciation to Mr Zainal Azhar Bin Zainal Azim who is our lecturer for Islamic Finance on giving us the opportunity to work on the assignment and providing us with lots of support and guidance which has helped us to complete the assignment on time. This assignment has brought us in making lots of research and we came across to acquire new things about Islamic Finance and Islamic banking specifically. Nevertheless‚ we would also like to thank our fellow classmates who
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Saudi Arabia has always been based on a very monolithic version of Islam. Religious elites control public ministries like Justice and Education in a very restrictive way; for example‚ they would not let a student read and outside book‚ that is a book that is not included in the Saudi curriculum. Extremist ideologies are taught at schools through the use of textbooks that spread hate towards Christians‚ Jews‚ and even Muslims; furthermore‚ the terrorist attacks that the world has experienced may be
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My opinion about Islamic finance is when all the transaction not only in banking but in business too‚ that occur must be in accordance with the law of Al-Quran‚ Hadith and Al-Sunnah. It also related with halal and non-halal transaction. In general‚ Islamic finance is defined as a banking system which uses the Syariah as a rule. This means that all operations of the Islamic bank transaction involving either deposit or financing‚ must be based on Syariah principle. These laws forbid to giving and receiving
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Islamic architecture encompasses a wide range of both secular and religious styles from the foundation of Islam to the present day‚ influencing the design and construction of buildings and structures in Islamic culture. The principal Islamic architectural types are: the Mosque‚ the Tomb‚ the Palace and the Fort. From these four types‚ the vocabulary of Islamic architecture is derived and used for buildings of lesser importance such as public baths‚ fountains and domestic architecture. * 3.1 Persian
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Islamic Banking is a banking system that is based on the principles of Islamic law (also known Shariah) and guided by Islamic economics. The Islamic banking today has become most popular and reliable financial system in the world. The history and evolution of Islamic Banking dates back over 14 centuries ago to the origins of Islam when the Holy Quran was first revealed to Prophet Mohammed (PBUH)‚ hence encompassing a complete set of rules and regulations for all aspects of life put forth in
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TOPIC: Islamic Pottery Islamic Pottery Occupation Medieval Islamic pottery occupied a geographical position between Chinese ceramics and the pottery of the Byzantine Empire and Europe. For most of the period it can fairly be said to have been between the two in terms of aesthetic achievement and influence as well‚ borrowing from China and exporting to and influencing Byzantium and Europe. The use of drinking and eating vessels in gold and silver‚ the ideal in ancient Rome
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The Principles of Islamic Accounting Definition and discussion of some accounting principles and how they are fit into Islamic framework to furnish an accounting system and procedures for Islamic Financial institutions will be considered here. The plan to study accounting principles From an Islamic perspective is to review these principles from the viewpoint of the Major Islamic principles which govern financial dealings and contracts‚ as mentioned In the Qur ’an. These are: 1- Realization
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husband ’s authority: emerging formulations in Muslim family laws Lynn Welchman Subject: Family law. Other related subjects: Legal systems Keywords: Comparative law; Islamic law; Marriage; Morocco; Spouses; United Arab Emirates *Int. J.L.P.F. 1 ABSTRACT This article considers the articulation of the husband-wife relationship in Islamic law and specifically the contemporary equation in statutory formulations of Muslim family law that sets the husband ’s duty of support‚ or maintenance‚ of his wife
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