and are looked upon as a viable alternative system which has many things to offer. While it was initially developed to fulfill the needs of Muslims‚ Islamic banking has now gained universal acceptance. In Malaysia‚ the first Islamic bank is Bank Islam Malaysia Berhad (BIMB). Operated as the only Islamic bank for 10 years since July 1983 before the government allowed other conventional banks to offer Islamic banking services using their existing infrastructure and branches in 1993 (Bank Negara Malaysia
Premium Inflation Bank Islamic banking
IMPORTANCE OF WASIYYA (WILL) IN ISLAM When a Muslim dies there are four duties which need to be performed. These are: 1. payment of funeral expenses 2. payment of his/her debts 3. execution his/her will 4. distribution of the remaining estate amongst the heirs according to Shariah. The Islamic will is called al-wasiyya. A will is a transaction which comes into operation after the testator’s death. The will is executed after payment of funeral expenses and any outstanding debts. The provisions
Premium Sharia Law Muhammad
Running head: MONOTHEISTIC RELIGION ELEMENTS Monotheistic Religion Elements MatrixIslam September 5‚ 2007 Countries Top 16 countries that have the highest Islamic population‚ including Israel‚ Canada‚ and the United States. 1. Indonesia: 213‚469‚356 2. Pakistan: 156‚491‚617 3. India: 138‚188‚726 4. Bangladesh: 127‚001‚272 5. Egypt: 70‚530‚237 6. Turkey: 68‚963‚953 7. Iran: 67‚337‚681 8. Nigeria: 64‚385‚994 9. China: 39‚189‚414 10. Ethiopia: 34
Free Islam
A question that frequently crosses people’s minds‚ how did Europe become this advanced in several aspects of life? It all started when the Muslim civilization took place in Europe. Islam stepped in Europe through what’s called as Al-Andalus. Europe was vastly affected by the Andalusian era‚ culture‚ civilization‚ social life‚ and relations. It affected Europeans in several life aspects such as political aspects‚ social aspects‚ scientific aspects‚ economic aspects‚ etc. Al-Andalus civilization changed
Premium Europe United States Middle Ages
[pic] Importance of Education & Knowledge in Islam The Importance of Education To seek knowledge is a sacred duty; it is obligatory on every Muslim‚ male and female. The first word revealed of the Qur’an was "Iqra" READ! Seek knowledge! Educate yourselves! Be educated. Religious and Secular (not religious) Knowledge There are two kinds of knowledge which are very important for a human being. Secular knowledge (non-religious knowledge) is for day to day problem-solving
Premium Islam Muhammad Islamic Golden Age
Christianity and Islam: Spreading of World Religions Christianity and Islam are one of the main world religions that were created from one god and developed into two separate religions overtime. Christianity now is the world’s largest religion with over 2 billion followers and was founded after the death of Jesus. Islam comes in as the second largest religion in the world with over 1.8 billion muslims which is roughly about one fifth of the world’s population. These two religion were spreaded across
Premium Islam Christianity Religion
Document-Based Question Response – PREP The Islamic World Prompt: To what extent was Islam a unifying cultural force in Afro-Eurasia? Overall thesis: The Islamic world was essential for most of the Afro-Eurasia cultures because it provided stable civilizations. Many of the civilizations in these areas were separated and struggling. However‚ when the Muslims began to take over vast areas of land‚ Islam provided a stable religion across an area that had previously contained different cultures
Free Islam
NAME _________________________ DATE _____________________ PERIOD _________ Mini-Qs in World History Volume 2‚ Unit 3 Why was the Jewish state of Israel created in 1948? MINI-Q LESSON PLAN Day 1 – 45 Minutes Step One: Hook - Refer to the Step One teacher notes in the Mini-Q. Read the directions aloud. The purpose is to get students engaged‚ talking‚ and wanting to do the Mini-Q. Step Two: Background Essay - Refer to the Step Two teacher notes in the Mini-Q. Students can write out answers
Premium Zionism Israel Palestine
_________________was the individual that was born in Mecca and spread the idea of Islam 2. People that follow the faith of Islam are called _______________________. 3. Arabic is the main language of the ___________________world is called. 4. The holy city of the Islamic faith is called______________________. 5. Muslims consider Christians and Jews to be “________________________.” 6. ________________ is the Holy Book of Islam. 7. The system of Islamic law which regulates the family life‚ moral conduct
Premium Islam
existed for centuries‚ bound closely with nationalist identities‚ playing out globally in North American cities‚ as well as the streets of Belfast and Glasgow. Another faultline where sectarian conflict has contribute to wider conflicts has been within Islam. Certain Sunni sects inspired by extreme Wahhabism and other ideologies have declared Shi’as (and sometimes mainstream Sunnis) to be heretics and/or apostates. Longstanding and emerging divisions within groups‚ particularly within religions‚ could
Premium Islam