Summery Islamic Mode of Financing in other Countries (Malaysia‚ Iran‚ Sudan‚ Saudi Arabia) Introduction Islamic banking and finance may not be a totally new concept‚ the widespread expansion of this form of banking is certainly a fairly recent phenomena. There are more than 600 Islamic banking institutions and these institutions not only operate in Muslim countries‚ but have also gained footing in non-Muslim countries. Consensus forecasts expect the asset size of global IFSI to hit US$2 trillion
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understand that it affects you in your daily life; you have to live with 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
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Muslims believe the Qur’an to be the direct words of Allah‚ as revealed to and transmitted by the prophet (S.A.W). All sources of Islamic law must be essential agreement with the Quran‚ the most fundamental source of Islamic knowledge. When the Qur’an itself does not speak directly or in detail about certain subject‚ Muslims only then turn to alternative sources of Islamic law like ; the Sunnah‚ Ijma and Qiyas used by Muslims legal experts. Purpose of the Qur’an: "Had we sent down this Qur’an on a
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Development of Accounting Theory Based on Islamic Principles and Accounting Standards Setting Mechanism Shaukat Amer Assistant Professor COMSAT Institute of Information Technology Attock Pakistan Shaukat_amer@comsats.edu.pk Abstract The purpose of this paper to explore the possibility to look for a new accounting theory and accounting standards setting mechanism under some of Islamic principles.The paper has discussed basic Islamic principles of “Amanah” (Custody)‚ “Shahadat” (Testimony)
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Zomo@hotmail.com Many times when feminists looked at Islamic women they criticized the man for not treating women properly. However‚ as Jane I. Smith states‚ women of Islam are not really offended by that fact‚ on the contrary‚ they believe that it is better for them. The Holy Koran is the basis for the Islamic believers. It has many interpretations‚ however there are certain facts that are sure to be clear as to the position of women in an Islamic society. Koran did introduce very significant changes
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Islamic Culture Islamic Culture refers to the customs and traditions that Muslims have adopted in their respective countries including the Islamic / Muslim Clothing they wear‚ foods they eat‚ wedding traditions and other such aspects of their Islamic Life. The cornerstone of Islamic culture is morality (hayaa)and simplicity. Hayaa (morality / modesty) and simplicity are both qualities of Imaan. Thus the true Islamic society upholds the highest levels of morality and maintains simplicity in every
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The Roman and Han Empires both had their differences and similarities. However their similarities out-weighed their differences by a large amount. Their governments‚ economies‚ traditions‚ even their ways of agriculture made them very similar but at the same time very different. A couple of things that made them similar are The Han and the Roman Empires was two of the most powerful empires to rule their respective parts of the world‚ however they both declined and failed. Another thing was that agriculture
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His Messenger and His rightful servants. I thank Allah for his mercy and grace to let me complete this assignment. I am grateful to be assigned with this interesting topic. First of all‚ I would like to thank Professor Dr Razali Nawawi‚ my Islamic Obligation Lecturer (MCL Program) for his guidance and help throughout the making of this task. Your ideas and brilliant thoughts are very useful to me. Your recommendation of the book by Ibnu Taymiya has gained me valuable knowledge. To my parents
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Leadership An Islamic Perspective In the introductory chapter the book establishes what you should know by the time you finish the book. These points include: understand the nature and process of leadership from an Islamic perspective‚ describe the characteristics of effective leaders in general‚ and of Islamic leaders in particular‚ analyze your styles as a leader and follower‚ learn how you can mobilize‚ organize‚ and develop your followers Islamically‚ learn how you‚ as a leader‚ can build commitment
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Selected Text for Islamic Studies Atta-ur-Rahman Arif Institute of Business Management CHAPTER ONE What is Fiqh? Fiqh is the understanding and comprehending of the object of nusoos (text). This is something which Allah Ta’ala had bestowed the pious predecessors with. Imam Abu Hanifah‚ Imam Shaafi (rahmatullah alaihima)‚ etc. were Imams because of their deep understanding of this knowledge. All the Aimmah-e-Mujtahiddeen excels in this quality and field of knowledge. None (in present
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