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
Premium Sharia
ISB 547 (Islamic Banking & Financial Services) Islamic Acceptance Bills Introduction Islamic Acceptance Bill is one of the Islamic financial instruments that are traded in Islamic Inter-bank Money Market. Islamic Acceptance Bills are traded based on Murabahah and Bay’ al Dayn concept similar to the other financial instruments such as Islamic mortgage bond and Islamic private debt securities. The Inter-bank Money Market‚ in turn‚ is the place where a set of activities
Premium Islamic banking Money Sales
of financial services‚ the fastest growing segment is Islamic Banking - particularly because it seeks to address needs of an underserved affinity group. Individuals and business in +40 countries with Muslim-majority population and another + 15 countries with Muslim-minority communities share a common value system. IslamiQ.com reports that as of June 2001‚ the global Islamic Banking sector manages USD$200 Billion in ways that conform to Islamic principles (called the Shariah) with a growth rate of
Premium Sharia Islamic banking Insurance
248 THE FUTURE OF ISLAMIC ECONOMICS Muhammad Akram Khan In view of the economic problems of the present age and the inability of neoclassical economics to analyse them and suggest acceptable solutions‚ Islamic economics holds promise for the future. This article consists of four parts. The first introduces the Islamic worldview and economic objectives of Islam. The second part argues that only Islamic economics has the potential to respond to the economic problems of the future. Part three sheds
Premium Economics
INTRODUCTION AND OVERVIEW OF ELECTRONIC BANKING In the era of globalization and modernization‚ the global economic growth has an enormous impacts in terms of technology subsequently it leads to the development of the digital economy. Typically‚ customers are increasingly demanding more value at least cost and as quickly as quickly as possible. Therefore‚ in 1981‚ electronic banking (e-banking) in Malaysia was began which the existence of ATM then followed by phone banking in 1990. After that‚ the revolution
Premium Bank Mobile phone Online banking
International Islamic Financial Markets Conference‚ Bahrain ISLAMIC UNIT TRUSTS Shahrin Shaikh Mohd Securities Commission‚ Malaysia 19 June 2007 Malaysian Unit Trusts Industry - Where we are @ 31 March 2007 Total Number of Operators Total Number of Unit Trusts Total Net Asset Value Bursa Malaysia Market Capitalisation % of NAV to Bursa Malaysia Market Capitalisation No. of Unitholder Accounts 36 414 USD38.34 bn USD281.46 billion 13.62% 11.3 million Total Number of Islamic Unit Trusts
Premium Investment
Reading Material Concepts and definitions of various banking terminology. All the information is collected using various free web-sites on internet for the purpose of enhancing knowledge of the participants in the field of banking. 1 Banks in the economy Role in the money supply A bank raises funds by attracting deposits‚ borrowing money in the inter-bank market‚ or issuing financial instruments in the money market or a capital market. The bank then lends out most of these funds to
Premium Bank
Strategic Management Allan Gardner “Banking as it should be” SUBMISSION DATE: 27-April-2013 STUDENT NAME: Wassim Hamdan STUDENT ID: 862466 Contents Executive Summary Abu Dhabi Islamic Bank was established in 1997 through Emiri Decree and began commercial operations in 1998. All contracts‚ operations and transactions are carried out in accordance with Islamic Shari’a principles. The Bank is a leading regional Islamic financial services group and has a wide distribution
Premium Bank Strategic management
“What are the perceptions of people about Islamic Banking?” Research Objectives: Our research aims to fulfill many purposes. They are listed below: 1. To explore the perception of people regarding Islamic Banking. 2. To find out which Islamic Banks do people know of. 3. To see how many people use Islamic Banking and why. 4. To whether Islamic Banks are working strictly in accordance with Shariah compliances. Hypothesis: H1: Islamic Banks are working strictly according to
Premium Islamic banking Sharia
been a part of business. The article of Islamic Business Ethics & Finance: An Exploratory Study of Islamic Banks in Malaysia written by Muhammad Adli Musa studied about how Islamic finance which claims to offer global financial stability and high ethical standards should reflect Islamic values in all facets of behaviour to bring about collective morality and spirituality‚ which when integrated with the production of goods and services advance the Islamic way of life. This paper also attempts to
Premium Sharia Islamic banking Bank