Islamic Economics Economics studies are devoted with the economical behavior of individuals and societies‚ for instance production‚ consumption‚ saving‚ good exchange and so on. Every nation is supposed to regulate the production of goods and services as demanded by the people‚ consumers‚ thus any economic system needs to answer four main questions: 1- What to produce of goods and services? 2- How to produce these goods and services? 3- Who to produce to these goods and services
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BWFS3023 Islamic Accounting 2nd Semester 2012/2013 Short Essay Assignment Instruction Please answer all the questions below. The assignment should not less than 3 pages and not exceed 10 pages including references. Question 1 The differences between Islamic accounting and conventional can be seen in the context of the basis differentiation which is: (1) objective of providing information‚ (2) the type of the information that is identified‚ how it is measured‚ recorded and communicated
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[pic] ISLAMIC BANKING: IS IT REALLY “ISLAMIC”? By: Omar Mustafa Ansari & Faizan Ahmed Memon Is it really Islamic? …. In this era of development and growth in Islamic finance and banking‚ this is a question being raised at every forum by various quarters. All those who raise this question‚ are undoubtedly well-wishers of Islam‚ Islamic economic system and Muslim Ummah. Accordingly‚ while we celebrate the achievements of Islamic banking on one hand‚ we should not
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The Principles of Islamic Accounting Definition and discussion of some accounting principles and how they are fit into Islamic framework to furnish an accounting system and procedures for Islamic Financial institutions will be considered here. The plan to study accounting principles From an Islamic perspective is to review these principles from the viewpoint of the Major Islamic principles which govern financial dealings and contracts‚ as mentioned In the Qur ’an. These are: 1- Realization
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Research Report of Money and Banking Issues and Problems in Islamic Banking Abstract:- Three decades have passed since the first Islamic bank began its operations in MitGhamr‚ Egypt‚ and more than a decade has passed since the Islamic Republics ofIran and Pakistan adopted a non-interest-based financial system. Profit Loss Sharing (PLS) dominates the theoretical literature on Islamic finance. Broadly‚ PLS is a contractual arrangement between two or more transacting parties‚ which allows
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medieval Islam In the history of mathematics‚ mathematics in medieval Islam‚ often termed Islamic mathematics or Arabic mathematics‚ is the mathematics developed in the Islamic world between 622 and 1600‚ during what is known as the Islamic Golden Age‚ in that part of the world where Islam was the dominant religion. Islamic science and mathematics flourished under the Islamic caliphate (also known as the Islamic Empire) established across the Middle East‚ Central Asia‚ North Africa‚ Southern Italy‚
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to give birth to a male child.1 Oppression of woman means that one other gender thinks he is the ¨dominant¨ and more powerful based on the sex of the person. They use traditional stereotypes to ¨prove¨ how one sex is above the other one. In this essay it will be exposed how woman are oppressed in Islam by going through three main points: Religion‚ laws and sexual violence. Religion teaches them from the beginning how men are ¨better¨ than women. Here are some examples of the Koran: On the Koran:
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husband ’s authority: emerging formulations in Muslim family laws Lynn Welchman Subject: Family law. Other related subjects: Legal systems Keywords: Comparative law; Islamic law; Marriage; Morocco; Spouses; United Arab Emirates *Int. J.L.P.F. 1 ABSTRACT This article considers the articulation of the husband-wife relationship in Islamic law and specifically the contemporary equation in statutory formulations of Muslim family law that sets the husband ’s duty of support‚ or maintenance‚ of his wife
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Vivek S. Kanojiya (78) 1 INTRODUCTION TO ISLAMIC BANKING Islamic Banking refers to a system of banking or banking activity that is consistent with the principles of Islamic law (Shariah) .Shariah prohibits Riba. . i.e. interest free business. It is based on the Islamic economic system. It is not restricted to Muslims only. 2 EVOLUTION OF ISLAMIC BANKING Islamic banks are seen to involve themselves as financial intermediaries and investment oriented institutions in bringing
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to express our deepest appreciation to Mr Zainal Azhar Bin Zainal Azim who is our lecturer for Islamic Finance on giving us the opportunity to work on the assignment and providing us with lots of support and guidance which has helped us to complete the assignment on time. This assignment has brought us in making lots of research and we came across to acquire new things about Islamic Finance and Islamic banking specifically. Nevertheless‚ we would also like to thank our fellow classmates who
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