"Two tier mudarabah in islamic banking" Essays and Research Papers

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    Islamic Advancements

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    While some historians argue than Islamic science is simply an extension of Greco-Roman science‚ the scientific advancements made by medieval Arabs were unique compared to their Greco-Roman ancestors and quite substantial compared to their European counterparts. The idea that Islamic science is simply a continuation of Greco-Roman science may come from the extensive translation efforts made from Islamic ruler Abbasid caliph al-Mamum in the ninth century. It is important to note that while a greater

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    Banking

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    Banking Introduction What is a bank ? A banker or bank is a financial institution that acts as a payment agent for customers‚ and borrows and lends money. In some countries such as Germany‚ banks are the primary owners of industrial corporations while in other countries such as the United States banks are prohibited from owning non-financial companies. Banks borrow money by accepting funds deposited on current account‚ accepting term deposits and by issuing debt securities such as banknotes

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    Islamic Culture

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    phenomenon. Source of this culture comes from the teachings provided by the Holy Prophet Mohammed (P.B.U.H) and Islam (Bouhdiba‚ 2003). Muslims are the followers of Islam and the Islamic (Abrahamic) religion. Word “Muslim” originally comes from an Arabic term which means “Followers of Allah” because the Islamic religious deliver. Muslims believe on one God and admits that Allah is incomparable and Islam is a religion which provides them with a complete code of life. Teachings of Quran are unaltered

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    Islamic Neighborhood

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    Definition of neighbor from the Islamic perspective Neighbor is translated as “al Jar” in Arabic terminology. It is derived from the word “jawara” which is a verb. Literally‚ “al-jar” has been defined as “al-musakanah” which means living‚ residing‚ lodging‚ dwelling or inhabiting side by side. Indirectly‚ it also refers to believers and unbelievers‚ religious and irreligious‚ friends and enemies‚ foreigners and fellow countrymen‚ those who treat you well and those who would do you harm relatives

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    Islamic History

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    is the holy book Follows Judeo-Christian line adhering to the same prophets • Two major branches with several sub-sects each • • • • Islamic Populations • With 1.6 Billion people‚ Islam is the worlds 2nd largest religion • Sizeable minorities in almost every country around the world History of Islam • Islam founded by Prophet Muhammad in 610 C.E. • Rapid growth through the Umayyad Caliphate 750 C.E. Islamic Schism With Muhammad’s death in 632 C.E. a dispute between his followers occurred

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    Islamic Radicalism

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    Islamic Radicalism As years have passed‚ Islam has become a major political force in the contemporary world‚ arguably through means of terrorism and guerilla warfare. The word Islam actually means‚ “submission” to the will of Allah‚ “God” which is similar to how terrorists tend to try and submit others by force to follow said will. These terrorists’ objective is to spread Islamic faith and politics by ridding the world of non-believers to ultimately achieve a pure Islamic state

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    Banking

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    Domain “Banking System " keeps the day by day tally record as a complete banking. It can keep the information of Account type‚ account opening form‚ Deposit‚ Withdrowal‚ and Searching t he transaction‚ Transaction report‚ Individual account opening form‚ Group Account. The exciting part of this project is; it displays Transaction reports‚ Statistical Summary o f Account type and Interest Information. SYNOPSIS “Banking System " keeps the day by day tally record as a comp lete banking. It can

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    Islamic Education

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    in Islam to seek knowledge is a sacred duty‚ it is obligatory on every Muslim‚ male and female. The first word revealed of the Qur’an was "Iqra" READ! Seek knowledge! Educate yourselves! Be educated. This importance of education is basically for two reasons. Education makes man a right thinker. Without education‚ no one can think properly in an appropriate context you. It tells man how to think and how to make decision. The second reason for the importance of education is that only through the

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    Islamic Iconoclasm

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    In March 2001‚ the Taliban destroyed the Buddhas of Bamiyan which Finbarr Barry Flood said would define Islamic iconoclasm for many decades to follow. The author argues that the destruction of the Bamiyan Buddhas does not represent Islam’s attitude towards figuration‚ but rather a response at a particular moment in time. This point is still true today considering Islam’s view on images has never been the reason for iconoclasm‚ but what defines iconoclasm has certainly changed in recent years with

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    islamic law

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    The Formation of Islamic Law In pre-Islamic time law lacked a formal structure as there was no set of laws that united the Arabic world. Towns‚ cities and rural areas all held different laws that were based on tribal tradition. With the revelations of the Prophet‚ a new religion was born: Islam. The Prophet began to introduce the word of Allah to the people and with that came basic laws that provided an introduction to law. The formation of Islamic law was based on three things‚ the Qur’an‚ the

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