LAW 240 ISLAMIC BANKING PRODUCT 05/29/13 ISLAMIC BANKING PRODUCT 1 05/29/13 ISLAMIC BANKING PRODUCT 2 05/29/13 ISLAMIC BANKING PRODUCT 3 AL-WADIAH (CURRENT A/C) • Based on the Islamic principle of Al-Wadi’ah Yad-Dhamanah (Guaranteed Safe Custody) • Can withdraw all or part of money whenever want. • Free from Riba (Usury) and is the clear and pure way to bank. • Can be opened by an individual aged 18 years and above with the capacity to contract‚ or a company‚ organisation
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100 Hadiths About Being the Best! Prophet Muhammad (sallallahu ‘alayhi wa sallam) told us: 1. “The best of the Muslims is he from whose hand and tongue the Muslims are safe.” (Muslim) 2. “The best of people are those with the most excellent character.” (Tabarani‚ Sahih) 3. “The best of people are those that bring most benefit to the rest of mankind.” (Daraqutni‚ Hasan) 4. “The best of people are those who are best in fulfilling (rights).” (Ibn Majah‚ Sahih) 5. “The best of people
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ISLAMIC ECONOMIC SYSTEM Definition of Economics A. Ibnu Khaldun’s Definition Economics is the study of humankind’s civilization and human association. It also refers to activity related to humankind’s livehood‚ its development‚ progress and prosperity. The economic problem resides in efforts spent by people to obtain earnings that they used to satisfy their needs and necessities‚ for refinements and luxuries‚ and for acquisition and possession. Hence we can conclude that Economics is the study of
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: The role of Art‚ Architecture‚ and Women in the Islamic World In many countries‚ Islamic women are educated‚ socially active‚ and pursue careers of their choosing‚ whereas other Muslim women are oppressed and denied not only basic human rights‚ but also the rights accorded to them by their faith and holy teachings. Islam came into being in a world where the most basic needs of women were consistently subjugated. Prior to the introduction of Islam‚ women were subordinate to men‚ in almost every
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Islamic banking and finance An alternative form of banking which challenges the western norms and addresses it limits. But it shouldn’t really be considered a norm just because it is developed in the West‚ based on capitalist ideas. Other forms of banking such as IBF have been around for many years’ especially Islamic countries but just ignored by economic geographers as they were in the global South. It is not an ‘emerging’ method; it has been successful in many Middle Eastern and Asian countries
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p.2 • Objectives of Islamic Economics o Right of Property p. 3 o The problem if equality p. 3-4 o Social Justice p. 4 • Characteristics of Islamic Economics o Production of Wealth
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pay Zakah and undertake Hajj‚ so it teaches us how to run a state‚ from a government‚ elect councilors and members of parliament‚ make treaties and conduct business and commerce. Bear in mind that Islamic ruling system is not the same as the ruling system we have in the non-islamic countries. The Islamic Political System is based on the following main principles: Sovereignty of Allah‚ Khilafah of Mankind‚ Legislation by Shura‚ Accountibility of government‚ Independence of judiciary‚ and Equality before
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PhD Programme by Research (Full Time) – International ENTRANCE FEES (ONCE IN DURATION OF STUDY) Orientation Alumni Registration Student Identification card Medical check-up English and Arabic Placement Test TOTAL ENTRANCE FEES International Ex-IIUM* RM 120 30 60 210.00 International Ex-IIUM** RM 120 30 60 50.00***/75.00**** 260.00***/285.00**** International Direct – Full Time RM 120 100 30 60 50.00***/75.00**** 200.00***** 560.00***/585.00**** * Ex-IIUM student who enrolls for postgraduate within
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The Islamic empire were undoubtedly affected by the gradual shift towards trade routes that bypassed their lands. For the most part the effects were negative that led to a decline in wealth as well as prestige of these Islamic empires. Conversely the new trade routes did allow agriculture to benefit because there was a spread of new crops. Similarly‚ merchants in the Islamic Empire contrived new was to take advantage of the new bustling European trade. Furthermore‚ two factors were instrumental
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Christian and Islamic Art The difference between Islamic art and Christian art is that Christian art is of human objects and forms while Islamic art portrays the meaning and reflection of things. Unlike Christian art‚ people do not appear on Islamic art. Unlike Christian art‚ Islam art does not include pictures and statues of Prophets and Gods. Christian art however‚ brings religious forms and images to life. It represents spiritual beliefs through illustrated scenes from the life of Jesus. It gives
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