JEL classification: G21 G01 Z12 Keywords: Financial intermediation Islamic banking Bank stability Bank efficiency a b s t r a c t How different are Islamic banks from conventional banks? Does the recent crisis justify a closer look at the Sharia-compliant business model for banking? When comparing conventional and Islamic banks‚ controlling for time-variant country-fixed effects‚ we find few significant differences in business orientation. There is evidence however‚ that Islamic banks are less
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Antigone: Divine Law vs. Human Law Possibly the most prominent theme in Sophocles’ "Antigone" is the concept of divine law vs. human law. In the story the two brothers‚ Eteocles and Polyneices have slain each other in battle. The new King Creon‚ who assumed the throne after Eteocles’ death‚ decrees that because Polyneices committed treason against the king‚ he shall not be buried‚ but instead "He shall be left unburied for all to watch The corpse mutilated and eaten by carrion-birds and by
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WHAT IS LAW? 20 MAY 2013 What is Law? Three simple letters. A word which very short. But still the whole world failed to find a universally accpetable definition for this word. Through out my life I have heard this short word several times. Around 8 years ago our nation welcomed a system of government called “Democracy.” With this “DEMOCRACY” everyone started talking about the freedom‚ freedom of expression‚ right to inform‚ human rights and many more. I was a little boy at that time who
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* CHAPTER 1 LAW AND ITS SOURCES Introduction Man is by nature a social being. He comes into contact with other individuals in different capacities. These contacts or associations are the inevitable consequence of modern civilization. In all these associations‚ he is expected to observe a Code of Conduct or a set of rules. The object of these set of rules is to make human associations possible; and ensure that members of the society may live ; and work together in an orderly and peaceful manner
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Part A. 1. Conditions that give rise to law reform Changing social values: The values of societies change over time. Society is forever changing values which then place’s pressure onto the law to change and adapt over time. What is seen as as acceptable may not be considered acceptable at another time. The urge for tougher sentencing in law reform may satisfy the deserved aspects of punishment‚ but harsher penalties are not statistically shown to reduce crime rates. Thus in seeking to promote social
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Introduction Rule of law is a legal principle that its ideal is started long before 16th century England. The Oxford English Dictionary has defined "rule of law" this way: The authority and influence of law in society‚ esp. when viewed as a constraint on individual and institutional behaviour; (hence) the principle whereby all members of a society (including those in government) are considered equally subject to publicly disclosed legal codes and processes. Hence‚ it implies the idea of each citizen
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The term "common law" originally derives from the 1150s and 1160s‚ when Henry II of England established the secular English tribunals. The "common law" was the law that emerged as "common" throughout the realm (as distinct from the various legal codes that preceded it‚ such as Mercian law‚ the Danelaw and the law of Wessex)[43] as the king’s judges followed each other’s decisions to create a unified common law throughout England. The doctrine of precedent developed during the 12th and 13th centuries
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The Organization of the Islamic Conference (OIC) is the second largest inter-governmental organization after the United Nations which has membership of 57 states spread over four continents. The Organization is the collective voice of the Muslim world and ensuring to safeguard and protect the interests of the Muslim world in the spirit of promoting international peace and harmony among various people of the world. The Organization was established upon a decision of the historical summit which took
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June 2009‚ the country having highest market share in Islamic Banking was of Malaysia by 16%‚ the 2nd highest was of Bahrain by 14%. Iran‚ Pakistan and Saudi Arabia had an equal market share in Islamic banking of 4%. Sharia Compliant Assets On the top is Iran having largest Sharia Complaint assets. Then Saudi Arabia is on No. 2nd‚ then Malaysia is on No 3rd and Sudan is on No. 11. 1)Malaysia Malaysia has dual banking system. It means that it has conventional banks as well as Islamic banks.
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LAW 443 ADMINISTRATIVE LAW I NATIONAL OPEN UNIVERSITY OF NIGERIA SCHOOL OF LAW COURSE CODE: Law 443 COURSE TITLE: Administrative Law I 1 LAW 443 ADMINISTRATIVE LAW I Course Code: Course Title: Course Developer/Writer: Administrative Law I Law 443 Simeon Igbinedion‚ LL.B.‚ LL.M.‚ B.L.‚ PH.D.‚ Faculty of Law‚ University of Lagos. Professor Animi Awah Ifidon Oyakhiromen‚ LL.B‚ LLM‚ M.Phil‚ Ph.D‚ BL Course Editor: AG. Dean‚/Programme Leader: Course Coordinator:
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