13 | | Pewani Savings Account-i | 13 | INTRODUCTION The legal basic for the introduction of banking products along Islamic principles is the Islamic Banking Act 1983‚ which came into effect on 7 April 1983. The Islamic Banking Act provides the Central Bank with the power to supervise and regulate Islamic bank similar to the case of other licensed bank. The are 13 Islamic banking instruments that have been used in Malaysia. Included Al-Wadiah‚ Al-Mudharabah‚ Al-Musyarakah‚ Al-Bait Bithaman
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About Eid Coming with the new moon‚ the festival marks the end of ’Ramadan’ - a month when Muslims fast throughout the day and eat only at night Prayers‚ feasts and family get- together are the major highlights of the eid ul fitr celebrations. It was during this month that the holy Koran was revealed. Eid means recurring happiness or festivity. Eid is celebrated in India with much enthusiasm and fervor and Muslims from all strata of life can be seen adorned in beautiful new clothes‚ visiting
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The Flowering of the Islamic Empire Islamic Empire was one of the most powerful empires in the world. Islam began on the Arabian Peninsula. By the middle of the 8th century‚ Arab conquests had created the Muslim Empire. Spain‚ North Africa‚ western and central Asia ruled by the religion of Islam. Over the next 500 years‚ Islamic civilization flowered over this area. This large land empire united under Islam in the 700s to 1200s. Many advances were made in Islamic Empire; such as mathematics‚ art
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‘Nature of Islamic Economics’ ‘’Islamic economy identifies and promotes an economic order that conforms to Islamic scripture and traditions". Economic problems started with the birth of men and become more complicated with the development in the wants of men as the men is surrounded by wants. According to western scholars economics is the study of wants and scarcity and the reaction towards the ends and wants of the people. Adam Smith is regarded as the Father of economics due to his famous book
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eurojournals.com/JMIB.htm The Performance Analysis of Islamic and Conventional Banks: The Pakistan’s Perspective Mian Muhammad Ashraf M. Phil Scholar‚ Superior University of Lahore E-mail: Ashraf.iub@gmail.com Tel: 0092-300-7808066 Zia-ur-Rehman Lecturer‚ Hailey College of Commerce University of the Punjab‚ Lahore E-mail: Ziaurrehman_hailey@hotmail.com Abstract The intent of this endeavor is to compare and analyze performance of Islamic banking and conventional banking system through use of financial
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Running Head: RESEARCH PROPOSAL Liquidity Risk Management: Islamic Banks Table of contents Abstract.................................................................................................................................3 Introduction.......................................................................................................................... 4 Literature Review..........................................................................................................
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Bibliography: 4. Suvir Kaul (ed): The Partitions of Memory (Indiana University Press‚ 2002) • Sunil Kumar: (Article) Qutb and Modern Memory India (Cambridge University Press (September 25‚ 1992) 7 9. Percy Brown: Indian Architecture :Islamic Period ( Apt Books‚ April 1990) 10 Monuments‚ Academic Excellence‚ New Delhi‚ 2006. 11 12. Ram Nath: Monuments of Delhi. (New Delhi‚ Ambika Publications‚ 1979) 13 14. Y. D. Sharma: Delhi and its neighbourhood (New Delhi‚ ASI‚ 1990).
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ISIS is known as the Islamic state‚ they are a not just a group of crazy people but they are want to be recognized as a real state by the United Nations. To be a state‚ you need a controlled territory‚ people‚ and a form of laws. They have a controlled territory‚ people‚ and
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Riphah center of islamic business | Causes of Failure of IFIs in Pakistan | Supervisor : Sir lutf Ullah Saqib | | By: Muhammad Adnan | 4/10/2013 | | Introduction. More than 200 IFIs are operating all over the world with an annual growth rate between 12% to 15 % .Their combined asset is more than $200 billion and increasing day by day. Islamic financial institutions are developing very vastly over the globe. Islamic financial institutions mean where all the materials must follow
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Andalusia. During their caliphate‚ the Moors succeeded in coalesce with the Spanish culture. Although the Islamic Moors tolerated Christians and Jews‚ they erected many huge mosques (Moorish Portugal). An exemplar would be The Great Mosque of Cordoba. The mosque features many examples of Moorish architecture‚ among them: a central courtyard‚ many arches‚ including the “horseshoe arch‚” Islamic calligraphy and inscriptions (The
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