Business and Social Science Vol. 3 No. 11; June 2012 Perception of Non-Muslims Customers towards Islamic Banks in Malaysia Abdul Aziz Abdullah Universiti Sultan Zainal Abidin Kuala Terengganu‚ Terengganu Malaysia Rokiah Sidek International Islamic University Malaysia Gombak‚ Kuala Lumpur Malaysia Ahmad Azrin Adnan Universiti Sultan Zainal Abidin Kuala Terengganu‚ Terengganu Malaysia Abstract Islamic banking products and services are gaining popularity among non-Muslims across the globe due to its
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My opinion about Islamic finance is when all the transaction not only in banking but in business too‚ that occur must be in accordance with the law of Al-Quran‚ Hadith and Al-Sunnah. It also related with halal and non-halal transaction. In general‚ Islamic finance is defined as a banking system which uses the Syariah as a rule. This means that all operations of the Islamic bank transaction involving either deposit or financing‚ must be based on Syariah principle. These laws forbid to giving and receiving
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An Analysis of the "Clash of Civilizations" Theory Introduction of Government Course B.A Lauder School of Government‚ Diplomacy and Strategy The Interdisciplinary Center Herzliya International Program X 12/12/2013 Introduction Humans have an unquenchable appetite for power and this inherent flaw of the human race is locking humanity in an eternal struggle among itself. After millions of years of astounding human progress and advancement in almost all aspects of life‚ this
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Islamic architecture encompasses a wide range of both secular and religious styles from the foundation of Islam to the present day‚ influencing the design and construction of buildings and structures in Islamic culture. The principal Islamic architectural types are: the Mosque‚ the Tomb‚ the Palace and the Fort. From these four types‚ the vocabulary of Islamic architecture is derived and used for buildings of lesser importance such as public baths‚ fountains and domestic architecture. * 3.1 Persian
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Islamic Banking is a banking system that is based on the principles of Islamic law (also known Shariah) and guided by Islamic economics. The Islamic banking today has become most popular and reliable financial system in the world. The history and evolution of Islamic Banking dates back over 14 centuries ago to the origins of Islam when the Holy Quran was first revealed to Prophet Mohammed (PBUH)‚ hence encompassing a complete set of rules and regulations for all aspects of life put forth in
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Introduction Islamic banking is banking based on Islamic law (Shariah). It follows the Shariah‚ called fiqh muamalat (Islamic rules on transactions). The rules and practices of fiqh muamalat came from the Quran and the Sunnah‚ and other secondary sources of Islamic law such as opinions collectively agreed among Shariah scholars (ijma’)‚ analogy (qiyas) and personal reasoning (ijtihad). The credibility of the Islamic banking activities is highly dependent on the credibility of the Shariah advisers
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Journal of Banking & Finance 37 (2013) 433–447 Contents lists available at SciVerse ScienceDirect Journal of Banking & Finance journal homepage: www.elsevier.com/locate/jbf Islamic vs. conventional banking: Business model‚ efficiency and stability Thorsten Beck a‚⇑‚ Asli Demirgüç-Kunt b‚ Ouarda Merrouche c a CentER‚ Department of Economics‚ Tilburg University and CEPR‚ The Netherlands World Bank‚ Development Research Group‚ United States c European Securities and Markets Authority
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11143363 Clash of Civilizations The world was returning to a civilization-dominated world where future conflicts would originate from clashes between ‘civilizations’. The thesis of Huntington outlines a future where the “great divisions among humankind and the dominating source of the conflict will be cultural” (Huntington‚ 1993). Huntington divides the world’s culture into seven current civilizations and those are the western‚ Latin American‚ Confucian‚ Japanese‚ Islamic‚ Hindu‚ and Slavic-Orthodox
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INTRODUCTION TO ISLAMIC BANKING The term Islamic banking refers to a banking activity or a system of banking that is in consonance with the basic principles of Islamic Shariah (rules and values set by Islam). Islamic banking is also known as interest free banking system as the Shariah disallows the acceptance of “Riba” or interest rate for the accepting and lending of money. In Islamic banking system‚ a business that offers good interest rates or services is strictly prohibited and it
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"The great divisions among humankind and the dominating source of conflict will be cultural‚" hypothesizes Samuel P. Huntington‚ author of "The Clash of Civilizations?" In cautious tones‚ he warns all Westerners of the impending cultural crisis that is rising to threaten the existence of enlightened Western thought and civilization. He forecasts major global cultures rolling up their sleeves to duke it out in a final battle of human identity‚ ignoring the real possibility of malleable and intertwining
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