in Modern Islamic Law And Jurisprudence”‚ Eygypt. 2. Ayub‚ Muhammad‚ (2008: 348) “Understanding Islamic Finance”‚ John wiley & son. 3. Baamir‚ Abdulrahman Yahya‚(2010 : 65) “Shariʻa Law in Commercial and Banking Arbitration: Law and Practice in Saudi Arabia” ‚ Ashgate Publishing‚ Ltd. 4. Heidemann ‚Maren (2007: 110-111) “Methodology of Uniform Contract Law: The UNIDROIT Principles in International Legal Doctrine and Practice” Springer. 5. Jamaldeen‚ Dr. Faleel (2009 : 94) “Islamic Finance For
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HISTORY OF THE MOGHUL EMPIRE Babur in Kabul: 1504-1525 Babur‚ founder of the Moghul dynasty in India‚ is one of history’s more endearing conquerors. In his youth he is one among many impoverished princes‚ all descended from Timur‚ who fight among themselves for possession of some small part of the great man’s fragmented empire. Babur even captures Samarkand itself on three separate occasions‚ each for only a few months. The first time he achieves this he is only fourteen. What distinguishes
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Islamic Attitudes on Homosexuality The life of a homosexual Muslim is certainly an interesting and conflicted one. A gay Muslim must struggle with the oppression of the conservative Muslim community‚ while trying to keep their own identity intact at the very same time. Inglehart and Norris assert that overall‚ Muslim nations have remained the most traditional societies in the world (65). This is certainly evident in the 2000-2002 World Values Survey (WVS)‚ where only 12% of Muslims in Muslim society
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The beginnings of Islamic art [edit] Before the dynasties It is quite difficult to distinguish the earliest Islamic objects from their predecessors in Sasanian and Byzantine art; in fact‚ they utilize the same techniques and the same motifs. There was‚ notably‚ a significant production of unglazed ceramics‚ witnessed by a famous small bowl preserved in the Louvre‚ whose inscription assures its attribution to the Islamic period. Vegetal motifs were the most important in these early productions
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Islamic Contract Law TYPES OF COMMITMENTS 1. Wa‘d – • • • – وunilateral promise One party binds itself to perform a function for another Does not normally create legal obligation Legal obligation is created: • • Genuine need of the masses – (ر Contingent promise ا س )رد ا ز ن ز ا إذ ا 2. Muwaa‘ada – ا ة • • • • – bilateral promise Two parties performing two unilateral promises on the same subject Use of two unilateral promises can lead to a forward contract
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Hajj: Islamic Pilgrimage The Islamic religion requires its members to take a pilgrimage to Mecca to pay tribute to their god Allah‚ ask for forgiveness of sins. The Hajj is the annual pilgrimage to Mecca‚ Saudi Arabia. It is one of the largest annual pilgrimages in the world‚ and is the fifth pillar of Islam‚ a religious duty that must be carried out at least once in their lifetime by every able-bodied Muslim who can afford to do so. The Hajj is a demonstration of the solidarity of the Muslim
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Life Cycle Costing Life-cycle cost (LCC) or also known as whole-life cost refers to the total cost of ownership over the life of a product. LCC commonly referred to as "cradle to grave" or "womb to tomb" costs. The costs considered include the financial cost which is relatively simple to calculate and also the environmental and social costs which are more difficult to quantify and assign numerical values. According to Business Dictionary‚ life cycle costing is a procurement and production costing
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PROPHET ISA (A.S) THE BIRTH OF ISA (A.S.) Maryam (A.S) gave birth to Isa (A.S.)in Bethlem‚ six miles south of Jurusalem in a remote place away from people. Some historians say that Maryam was then fifteen years old. She prayed to Allah (SWT) for eas from her pain and the angel immediaty told her to shake the palm tree beside her. Dates dropped on her miraculously‚ as palm tree don not normally drop dates by the shaking of one person alone. Allah (SWT) also made a stream of fresh water run by her
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Islamic Accounting History History of Islamic accounting has been around since derives the Qur’an in the year 610 M‚ i.e. 800 years ahead of Luca Pacioli who published the book as the basis of accounting in the year 1494 M. After the advent of Islam in the Arab Semananjung under the leadership of the Prophet Muhammad. and the formation of the Daulah Islamiah in Medina had Baitul Mal‚ i.e. the financial institution that serves as the Treasurer of the State and the guarantor of social welfare
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A Critical Perspective on the Principles of Islamic Finance Focusing on Sharia Compliance and Arbitrage James M Garner* Abstract This essay is a comprehensive discussion of the crucial Islamic finance principles written within Sharia law that govern the sector. Riba (prohibition of interest) being the major and most widely known is central to the discussion. However‚ this essay deals with many other of the major financial principles‚ for instance Gharar (avoidance of excessive risk)‚ Maisir
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