supporting documents by a professional‚ such as a Certified Public Accountant. According to AlBaraka‚ Islamic bank is an institution that mobilizes financial resources and invests that money in an attempt to achieve pre-determined islamically - acceptable social and financial objectives. Both mobilization and investment of money should be conducted in accordance with the principles of Islamic Sha’riah whereas according to Ustaz Hj Zaharuddin (2007) stated that conventional bank operates based on
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Islamic Banking vs. Conventional Banking In most Islamic countries‚ they tend to practice two types of financing in banking industry which are conventional and Islamic banking. The country like in Malaysia has successfully developed an Islamic banking system that operates in parallel with the conventional banking system. There is similarity between conventional banking and Islamic banking which helps to promote economic growth provided financing services such as credit facilities for business activity
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“Studying Islamic Architecture: Challenges and Perspectives” deals with a basic question that ‘why is western architecture always given more importance in practical and theory as compare d to that of Islamic architecture’? The article very well talks about the issue of western architecture being more important than the Islamic architecture. The article talks about both the pros and cons of the argument discussed above. The article also analyses why the two that is western architecture and Islamic architecture
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Kalima. • Deen-e-Hanif is an old name of Islam. • First institution of Islam is Suffah. • Haq Mahar in Islam is fixed only 400 misqal. • Ijma means ageing upon any subject. • Qayas means reasoning by analogy. • There are four schools of thought of Islamic Law. • Janatul Baki is situated in Madina. • Masjid-e-Hanif is located in Mina. • JANAT UL MOALA is a graveyard in MECCA. • Qazaf: false accusation of
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CORPORATE FINANCE PROJECT TITLE: ISLAMIC BANKING SYSTEM VS CONVENTIONAL BANKING IN PAKISTAN SUBMITTED TO: MR. MUBEEN KHALID SUBMITTED BY: KHALID WASIM 09-MPA-M-23 HAFIZ MUHAMMAD AHSEN 09-MPA-M-19 SEMESTER: 3RD INSTITUTE OF ADMINISTRATIVE SCIENCES‚ UNIVERSITY OF THE PUNJAB. ACKNOWLEDGEMENT We‚ wholeheartedly show our gratitude to our esteemed teacher‚ Mr. Mubeen Khalid‚ who gave us this good opportunity for advancement in our Corporate Finance course by undergoing this
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sciences has suffered‚ however‚ from the absence of an agreed-upon conception of basic values‚ of the content and structure of relations among these values‚ and of reliable empirical methods to measure them (Hitlin & Piliavin‚ 2004; Rohan‚ 2000). This article presents a theory intended to fill the part of this gap concerned with the values of individuals (Schwartz‚ 1992‚ 2005a). The theory concerns the basic values that people in all cultures recognize. It identifies ten motivationally distinct
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Engineering in Arabic-Islamic Civilization The Early Muslims Civil Engineering: Dams There are many Muslim dams in Spain‚ a large number of which were built during the tenth century AD‚ the golden age of Umayyad power in the peninsula. In this period‚ for example‚ many small dams‚ or azuds‚ were built on the 150-mile-long River Turia‚ which flows into the Mediterranean at Valencia. (In passing it is important to note the Spanish word azud‚ from Arabic al-sadd‚ one of many modern irrigation
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Islamic Law‚ Adaptability‚ and Financial Development www.LearnIslamicFinance.com Disclaimer The views and opinions presented in this presentation are personal and do not represent those of Islamic Research and Training Institute or the Islamic Development Bank. www.LearnIslamicFinance.com Lecture Plan • Session 1: Law‚ Adaptability‚ and Financial Development—Introduction – – – Common and Civil Laws Adaptability Features & Financial Development Islamic Law: Sources and Evolution
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Machiavelli vs Islamic Political Thought Niccolo Machiavelli was a political realist. He thought there were certain skills and characteristics needed to become a political ruler. In his work‚ The Prince‚ Machiavelli gives advice on how to be a successful prince‚ or ruler. "Successful" is partly based on how powerful a ruler was during his lifetime (reign)‚ but largely based on how much the prince affected the lives‚ through laws or societal norms‚ of future generations. Machiavelli was mainly interested
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At the apex of the legal system‚ according to Kelsen‚ is the ‘basic norm’ or the ‘Grundnorm’. The ‘Grundnorm’ or the ‘basic norm’ is identified as the feature that validates a Constitution and the legal system. The basic norm ties the legal system together‚ unites its diversity and is the source of authority and validity in the system. Norms exist only if authorized or entailed by other norms. As Harris puts it‚ ‘’the grundnorm is the hypothesis which closes up the arch of legal logic’’. It is
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