been a part of business. The article of Islamic Business Ethics & Finance: An Exploratory Study of Islamic Banks in Malaysia written by Muhammad Adli Musa studied about how Islamic finance which claims to offer global financial stability and high ethical standards should reflect Islamic values in all facets of behaviour to bring about collective morality and spirituality‚ which when integrated with the production of goods and services advance the Islamic way of life. This paper also attempts to
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An Islamic Approach to Business Ethics | Dr Sabahuddin Azmi[1] What is Ethics? * Ethics may be defined as the set of moral principles that distinguish what is right from what is wrong. * Ethics has a twofold objective: it evaluates human practices by calling upon moral standards; also it may give advice on how to act morally in a given situation. * Ethics‚ aims to study both moral and immoral behaviour in order to make well-founded judgments and to arrive at adequate recommendations
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Filipinos for fruits and rice‚ which became a very common trade throughout time. With this more and more Muslims even styed and taught many Filipinos the concepts behind Trade and Commence between countries and cultures. Barter trade was an Islamic influence towards the Filipinos as it was a very common practice within the Middle East. Spices‚ Silk‚ Fruits‚ and Cattle were commonly traded among travelers in order to refill their stocks or to try new items. More so‚ Barter was a way of life in
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References: 1. Abdul‚ Ghafoor‚ A.L.M. Islamic Banking‚ Interest– free Commercial Banking‚ Geroningen: Apptec Publications‚ 1995. 4. A.H. Farooque‚ interest-free banking in Pakistan‚ Institute of bankers in Pakistan-Karachi‚ 1980 5 6. Ahmad‚ Ziauddin‚ et al.‚ eds.‚ (1983) Money and Banking in Islam‚ Islamabad: Institute of Policy Studies. 7. Ahmad‚ Ziauddin. (1984) "Concept and Models of Islamic Banking: An Assessment‚" paper presented at the Seminar on Islamization
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Sources of Islamic Law There are four sources of Islamic Law. Primary Sources: The Holy Quran The Sunnahs of the Holy Prophet (PBUH) Secondary Sources: Ijma (Consensus) Qiyas (Analogy) The Holy Quran (القرآن) Muslims believe the Quran to be the direct words of Allah‚ as revealed to and transmitted by the Prophet Muhammad صلى الله عليه وسلم. The Quran is the Most Fundamental Source of Islamic knowledge. All sources of Islamic law must be in essential agreement with the Qur’an. When the
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DEFINING ISLAMIC WAY OF WARFARE AND ITS COMPARISON WITH AL QAEDA DOCTRINE A thesis presented to the Faculty of the U.S. Army Command and General Staff College in partial fulfillment of the requirements for the degree MASTER OF MILITARY ART AND SCIENCE Military History by MAJOR INTEKHAB HAIDER KHAN‚ BANGLADESH ARMY M.S.‚ Bangladesh University of Professionals‚ Dhaka‚ Bangladesh‚ 2011 Fort Leavenworth‚ Kansas 2012-01 Approved for public release; distribution is unlimited. REPORT
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and Transoxania is a case in point. It was a very tedious Islamic takeover that gradually won over the acceptance of the inhabitants in Persia at the time. However‚ this process of assimilation was not new in the area as many Iranians had previous traditions to which they had adapted during pre-Islamic times of the Achaemenids‚ Parthians and Sassanians. These two customs‚ then‚ were merged together to form what we now call the Iranian Islamic identity. This merger transformed much of the cultural
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Islamic Banking: Problems and Prospects | | |Islamic Banking | |Before I discuss about the problems and prospects of Islamic Banking‚ I am discussing some primary issues such as definition‚ | |objective and history of modern Islamic banking. | |Definition:
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PROSPECTS OF ISLAMIC BANKING: Legal and other Challenges and Issues Faisal Nasim LLM (Commercial Law) Table of Contents Acknowledgment…………………………………………………………….... 1 Preface ………………………………………………………………………..... 2 Glossary of Arabic Terms …………………………………………………......4 Chapter 1: ……………………………………………………………………....5 Introduction and the Basis of Islamic Banking Chapter 2: ………………………………………………………………..……..9 Islamic Modes of Financing Chapter 3: ………………………………………………………….………….21 Practical Application of the Islamic Modes
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Islamic teachings on abortion Muslims regard abortion as wrong and haram (forbidden)‚ but many accept that it may be permitted in certain cases. All schools of Muslim law accept that abortion is permitted if continuing the pregnancy would put the mother ’s life in real danger. This is the only reason accepted for abortion after 120 days of the pregnancy. Different schools of Muslim law hold different views on whether any other reasons for abortion are permitted‚ and at what stage of pregnancy
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