This Shari a’ board authorizes the products that whether these are Shari a’ compliant or not. Islamic banking is the banking that is guided by Islamic law (Shari a’) principles and guided by Islamic economics. In particular‚ Islamic law prohibits usury‚ the collection and payment of interest‚ also commonly called Riba in Islamic discourse”. Islamic banking also finds its roots in Islamic finance and all type of transactions are interest free of risk sharing. The interest is probihited in Islamic
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Criticisms of Capitalism Criticism of capitalism ranges from expressing disagreement with the principles of capitalism‚ to expressing disagreement with particular outcomes of capitalism. Amongst those who wish to replace capitalism with a different method of production and social organization‚ a distinct difference can be made between those that believe that capitalism can only be overcome through revolution and those believing that structural change can come slowly through political reforms.
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The Archipelago’s Name Section 1. The national territory comprises the Philippine archipelago1‚ with all the islands and water embraces therein‚ and all other territories over which the Philippines has sovereignty or jurisdiction‚ consisting of its terrestrial‚ fluvial and aerial domains‚ including its territorial sea‚ the seabed‚ the subsoil‚ the insular shelves‚ and other submarine areas. The waters around‚ between‚ and connecting islands of the archipelago regardless of their breadth and dimensions
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Assignment On Microfinance and Islamic Banking Submitted to: Dr. Mohammed Nurual Islam Department of Business Administration International Islamic University Chittagong Dhaka Campus Submitted by: Rabiul Hossain ID: B092070 Batch no: FIN-5 Date of Submission: 22/02/2013 Microfinance 1. Introduction: Micro financing
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Article 1 The Engine of Capitalist Process: Entrepreneurs in Economic Theory Entrepreneurship is not planning by groups or management decisions by corporate bodies‚ but the exploitation of perceived opportunity by individuals based solely on personal judgments and visions that others either don’t see or can’t bear the risks of acting on. Robert L. Formaini and recently enjoyed a renaissance in economic and business school pedagogy because of the Internet’s evolution and the small-business
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http://www.rtjournal.org Published by the Religion and Theatre Focus Group of the Association for Theatre in Higher Education The Journal of Religion and Theatre is a peer-reviewed online journal. The journal aims to provide descriptive and analytical articles examining the spirituality of world cultures in all disciplines of the theatre‚ performance studies in sacred rituals of all cultures‚ themes of transcendence in text‚ on stage‚ in theatre history‚ the analysis of dramatic literature‚ and
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Interest rate regulations have eased in 2009 after the turmoil of the 2007 financial crisis. There have been constant changes in policies on interest generally toward the loosening on rate caps and eliminating commissions in 2007-2008. In 2008‚ usury caps were established trough a new technical formula that gives caps for different segments. The problem arising with this formula is that it was found to be unconstitutional which has led the government to find other ways to lower the caps. This has
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CIVIL LAW GOLDEN NOTES 2011 UNIVERSITY OF SANTO TOMAS FACULTY OF CIVIL LAW MANILA Academic Year 2011‐2012 CIVIL LAW STUDENT COUNCIL Lester John A. Lomeda Wilfredo T. Bonilla‚ Jr. Raissa S. Saipudin Bernadette Faustine C. Balao Marc Mikhaele J. Santos Victor Lorenzo L. Villanuea President Vice‐President Secretary Treasurer Auditor Public Relations Officer TEAM: BAR‐OPS 2011 Diane Camilla R. Borja Carlo Artemus V
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Chapter 1 Obligation – it is a tie or bond recognized by law by virtue of which one is bound in favour of another to render something. Juridical necessity – in case of non-compliance‚ the courts of justice may be called upon by the aggrieved party to enforce its fulfilment or‚ in default thereof‚ the economic value that it represents. Civil obligations – are obligations which give to the creditor or obligee a right under the law to enforce their performance in courts of justice. Natural obligations
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The Wealth of Nations History The Wealth of Nations was published 9 March 1776‚ during the Scottish Enlightenment and the Scottish Agricultural Revolution. It influenced a number of authors and economists‚ as well as governments and organizations. Synopsis I: Of the Causes of Improvement in the productive Powers of Labour Of the Division of Labour: Division of labour has caused a greater increase in production than any other factor. This diversification is greatest for nations with more industry
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