INTRODUCTION Islamic finance system has its basis in great Islamic value. It is Riba-free system ( Riba means interest) which ensures the abolition of profit-sharing from the whole financial system. Islamic Finance System (IFS) can be categorized with absence of ‚ Interest based transactions Interest based financial institution Unethical and doubtful transactions Companies’ stocks involved in unlawful activities Market manipulation And so on and so forth. Islamic Financial System is opposite of Conventional
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A DISSERTATION ON “ISLAMIC BANKING IN INDIA-WHAT IS THE FUTURE POTENTIAL?” Introduction: The basic principles on which the Islamic banks function are prohibition of Riba i.e. collection and payment of interest and prohibition of investment in organization involved in unethical and socially harmful activity. the profits earned by a bank from its activities and returns made by a bank to the depositors shall be (a) from sharing of risk in the project and (b) profit-share agreements
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ESTIMATING THE ECONOMIC IMPACTS OF FESTIVALS AND EVENTS: A RESEARCH GUIDE By Ben Janeczko‚ Trevor Mules and Brent Ritchie RESEARCH REPORT RESEARCH REPORT SERIES The primary aim of CRC Tourism’s research report series is technology transfer. The reports are targeted toward both industry and government users and tourism researchers. The content of this technical report series primarily focuses on applications‚ but may also advance research methodology and tourism theory. The report series
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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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Perennial Values in Islamic Art |نويسنده : تيتوس بوركهارت | | |منبع : Studies in Comparative Religion‚ Vol. 1‚ No. 3. | | |زبان : انگليسي |نسخه قابل چاپ | |تاريخ درج مقاله : چهارشنبه 28 آذر 1386
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………………..33 Chapter 1 Introduction and History 1.1) Introduction Thirty years ago‚ Dubai Islamic Bank ( ’DIB ’) created history by becoming the world ’s first Islamic Bank. Today‚ Islamic banking has become one of the fastest growing economic sectors with over 300 financial institutions‚ with assets estimated at over US $300 billion providing Islamic financial services. Despite huge growth in the sector DIB continues to be the industry pioneer and undisputed market leader
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“Vegetal Pattern in Islamic Art†Vegetal pattern‚ one of the major types of ornament‚ is also can be called Arabesque which means “in the Arab fashion†in French. Arabesque is a repetition in Islamic art which is used in many places in Islamic art. Vegetal pattern is used very often in Islamic art‚ because people do not portray images of human. The reason that human portrayals cannot be found as many as vegetal patterns is that Muslims feared to depict the human form‚ since they thought
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mid-autumn festival? The Mid-Autumn Festival also known as the Moon Festival or Moon cake Festival. The festival is held on the 15th day of the 8th lunar month. When was mid-autumn festival first appeared? A description of the festival first appeared in Rites of Zhou‚ a written collection of rituals of the Western Zhou Dynasty from 3‚000 years ago. The celebration became popular during the early Tang Dynasty. The history and origins of mid-autumn festival The Mid-Autumn Festival is a traditional
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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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