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 Art Islamic art is perhaps the most accessible manifestation of a complex civilization that often seems enigmatic to outsiders. Through its brilliant use of color and its superb balance between design and form‚ Islamic art creates an immediate visual impact. Its strong aesthetic appeal transcends distances in time and space‚ as well as differences in language‚ culture‚ and creed. Islamic art not only invites a closer look but also beckons the viewer to learn more. "The term Islamic
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it. This is what happens to people of Islamic heritage and belief. The western media in specific has made most Americans think of all Muslims being satanic‚ hellish and insidious people – this is not true. In this paper‚ it will discuss what the western media says about Muslims‚ what it is actually like in areas of heavy Islamic belief/heritage and then analyze this information. The western media says many horrific things about Muslims. “Mutual contacts are based mainly on stereotypes and prejudice
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Islamic Economics Economics studies are devoted with the economical behavior of individuals and societies‚ for instance production‚ consumption‚ saving‚ good exchange and so on. Every nation is supposed to regulate the production of goods and services as demanded by the people‚ consumers‚ thus any economic system needs to answer four main questions: 1- What to produce of goods and services? 2- How to produce these goods and services? 3- Who to produce to these goods and services
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giant combination of diverse cultures‚ That’s because Muslims live in various countries all over the world. Most of the practices are common faiths and guidance for all Muslims no matter what country or even content they reside in.. These basic faiths and belives are based on the teachings of Islam. The Muslim culture is a subject of debate for many people who lives in different parts of the world and belong to diverse communities. Muslim culture represents the unification of brotherhood where all
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433–447 Contents lists available at SciVerse ScienceDirect Journal of Banking & Finance journal homepage: www.elsevier.com/locate/jbf Islamic vs. conventional banking: Business model‚ efficiency and stability Thorsten Beck a‚⇑‚ Asli Demirgüç-Kunt b‚ Ouarda Merrouche c a CentER‚ Department of Economics‚ Tilburg University and CEPR‚ The Netherlands World Bank‚ Development Research Group‚ United States c European Securities and Markets Authority‚ Economic Research and Financial Stability Unit
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reference source for decision makers in the global Islamic finance industry‚ providing strategic insights from Ernst & Young Dear Banking & Finance Leader‚ It is with great pleasure that we present to you the 9th annual edition of the World Islamic Banking Competitiveness Report 2012/13‚ developed in collaboration with leading global professional services and advisory firm Ernst & Young‚ and exclusively launched onsite at the 19th Annual World Islamic Banking Conference (WIBC 2012) during a specially
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Islamic Extremists Nearly everyone has heard about Islam and the Arab world. In addition‚ many countries have already faced issues with the Muslim believers. Islam has caused problems‚ terrorist attacks‚ anti-democracy all over the world. They were also very successful in sending a message of who they truly are. People who are literally obedient to the Islamic faith are called Islamic Extremists. People‚ who are of the Islamic faith however desire to survive in peace without tribulations are not
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appreciation Lu mulder Fall 2012 Islamic calligraphy and arabesque. Islamic art is intellectual‚ refined and decorative; it contains no strong emotions and pathos but exhibits serene harmony. The term Islamic art covers a broad range of traditions‚ from metal work‚ carpet weaving‚ calligraphy and arabesque to architecture. It includes religious art as well as art made by and for Muslims and object made for Muslims by artists of other faiths. Islamic art can mean different things to different
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