found in the fact that to some level‚ companies engaging in the business of Islamic finance act upon on the foundation of profit maximization. This must be practiced by embracing the Shariah doctrine‚ one of which is the disallowance of interest or usury as riba. By doing so‚ profit maximization will be free of unethical practices‚ and will put Islamic banking business in the vanguard of ethical distinction. Although the central idea of Islamic banking and finance has been the elimination of interest
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Wiki Loves Monuments: Photograph a monument‚ help Wikipedia and win! Microfinance From Wikipedia‚ the free encyclopedia Jump to: navigation‚ search | This article has multiple issues. Please help improve it or discuss these issues on the talk page. | This article may be too technical for most readers to understand. Please help improve this article to make it understandable to non-experts‚ without removing the technical details. The talk page may contain suggestions. (January 2010) |
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UNIVERSITY OF NAIROBI SCHOOL OF BUSINESS MASTER OF BUSINESS ADMINISTRATION GROUP ASSIGNMENT SEPT – DEC 2013 TOPIC: ISLAMIC FINANCE PRESENTED BY: NAME REGISTRATION NO NDIRANGU MERCY D61/60537/2013 KIIO PETER D61/61023/2013 AGAO EMILY D61/79814/2012 MUTUKU ESTHER D61/80221/2012 OCHOLA JOSHUA D61/79312/2012 MUHALIA JOHN D61/67666/2011 MAURICE OJOW D61/75719/2012 NICODEMUS KIPTOO D61/76091/2012 MOHAMMED CHUTE OCTOBER 2013 TABLE OF CONTENTS LIST OF ABBREVIATIONS 3
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Chapter 2 Exam Choose the answer that best completes the statement or answers the question. 1. How did Columbus react to the natives when he reached the Western Hemisphere? [A] He thought they were gullible fools. [B] He thought they were descendants of earlier Viking explorers. [C] He thought they could be Christianized and become good servants. [D] He thought they were descendants of the lost tribe of Israel. [E] all of these 2. In general‚ European society in the sixteenth century
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the ‘revival of civilization’ (Renaissance) in the middle of twelve century‚ trade and commerce started expanding and this development compelled the business community to borrow the money from the Hebrew money lenders on high rates of interest and usury. Seeing the great demand‚ these moneylenders started organizing themselves and bank started up at the principle seaports of southern Europe. Soon Venice and Geneva became the most important money markets of the time and banking
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When Bubonic Plague visited England in 1348‚ it was called the Great Mortality. We know it as the Black Death that lasted until 1352 and killed vast populations in Asia ‚ North Africa ‚ Europe ‚ Iceland ‚ and Greenland . In total‚ it extinguished as much as fifty percent of the world’s population. In England ‚ bubonic plague on average killed at least one-third of all inhabitants between 1348 and 1349. In London alone‚ one out of two people died during the visitation. The bottom line is that
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Messages in Shakespeare’s Works Many of Shakespeare’s plays give one of the main characters a soliloquy or a speech in which they deal with the play’s key issues. There are three particular speeches that have been spoken about for many centuries because of their underlying messages- Katharina’s final speech in The Taming of the Shrew‚ Portia’s speech in The Merchant of Venice‚ and Hamlet’s soliloquy in Hamlet. In The Taming of the Shrew‚ Katharina gives the final speech of the play. She speaks
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ENFORCEMENT OF ISLAMIC CONTRACTS: ISSUES IN THE LIGHT OF CONTEMPORARY LEGAL FRAME WORK. PREPARED BY AMIRUDEEN BIN HAMID SULTAN [LLB (HONS)‚ LPC] INTRODUCTION Historically‚ contracts are the applied practices that have been adopted by the human being from the very beginning of the human history for their physical survival in this natural world. The Islamic contracts basically adopted these pre-islamic concepts of contract. However what Islam innovated was prohibition of Riba‚ prohibition
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THE INTERNATIONAL CORPORATE BANK (now UNION BANK OF THE PHILIPPINES)‚ petitioner‚ vs. SPS. FRANCIS S. GUECO and MA. LUZ E. GUECO‚ respondents. DECISION KAPUNAN‚ J.: The respondents Gueco Spouses obtained a loan from petitioner International Corporate Bank (now Union Bank of the Philippines) to purchase a car – a Nissan Sentra 1600 4DR‚ 1989 Model. In consideration thereof‚ the Spouses executed promissory notes which were payable in monthly installments and chattel mortgage over the car to serve
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CHAPTER 1 INTRODUCTION Microfinance is usually understood to entail the provision of financial services to micro-entrepreneurs and small businesses‚ which lack access to banking and related services due to the high transaction costs associated with serving these client categories. For some‚ microfinance is a movement whose object is "a world in which as many poor and near-poor households as possible have permanent access to an appropriate range of high quality financial services‚ including not
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