The Number of Islamic Microfinance Institutions in Malaysia Should Be Increased. Table of Content Page 1.0 Abstract 2 2. Introduction 3 3. Argument 1 : Offer Syariah Compliant Finance 5 4. Argument 2: Increase the Performance of Islamic Banking and Finance 7 5. C. Argument: Risky and Costly to Implement Islamic Microfinance 9 6. Argument 3: Provide Financial Assistant for Low and Middle Income Groups. 11 7.0 Conclusion
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Introduction Islamic finance has come a far since its active re-introduction about 25 years ago. Presently‚ it is estimated that Islamic banks and financial institutions manage some US$200 billion of funds all over the world. Although small in terms of the total global assets managed by financial intermediaries‚ the growth rate is impressive by any standards. Based on the article review which is “Globalization of Islamic Finance: Myth or Reality?’” it had discussed on the question of whether the
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I ISLAMIC STUDIES ASSGIGNMENT Submitted BY:- Hassan Munir 110468 M.Suleman Hamza Anwar M.Hamza Mughal TOPIC:- Marriage in the light of QURAN and SUNAH Table of Content:- * Spouses * Whom to Marry * Mahr * Nikkah * Walima SPOUSES:- In Islam it is clear that marriage is the optimum lifestyle. “And among His signs is this‚ that He created for you wives from among yourselves‚ that you may find repose in them‚ and He has put between you affection and mercy. Verily
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democratic and non democratic societies. (Edwards M B‚ 2006) More Specifically‚ Islamic fundamentalism involves having diverse political as well as social movements in various Muslim countries that have the shared goal of creating more Islamic oriented states and societies‚ which are based on the fundamental principles and values of Islam. The Islamic fundamentalists have the aim of implementing the Sharia (Islamic Law) to public lives. Sharia could be to reffered to as in the court of law‚ palaces
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BASIS OF INCOME RECOGNITION FROM ISLAMIC PERSPECTIVE Yosita Nur Wirdayanti ABSTRACT This paper addresses the issue of basis of income recognition from Islamic perspective. In Islamic banks‚ income recognition is very important since it will determine amount of profit that will be distributed to depositors. Begin with accounting principles from Islamic perspective‚ this paper discusses the concept of accrual and cash basis and scholar opinion about this basis of accounting. Both accrual and cash
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----------------------- A PRIMA - FACIE CASE FOR ISLAMIC ACCOUNTING • Purpose Accounting : To permit informed decision which will enable scare resources to be allocated efficient to achieved ‘social welfare’. |Islamic |Conversational | |To achieve socio – |To meet needs of | |economic & religions|‘capitalist’ | |objective of Islamic|economy. | |Institution & | | |Muslims Users. | | |Provide holistic
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Defining Islamic Law Islamic law is the collection of rulings and legally binding rules related to the regulation of individual behavior in society. It is a legal system with a broad range of directives‚ covering the specifics of various affairs‚ yet broad enough to be flexible and non–rigid due to its capacity for renewability and adaptability. The History of Islamic Law Role #1: This was the role of education and dealing with legal life issues in Arab society during the mission of the Prophet;
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Summery Islamic Mode of Financing in other Countries (Malaysia‚ Iran‚ Sudan‚ Saudi Arabia) Introduction Islamic banking and finance may not be a totally new concept‚ the widespread expansion of this form of banking is certainly a fairly recent phenomena. There are more than 600 Islamic banking institutions and these institutions not only operate in Muslim countries‚ but have also gained footing in non-Muslim countries. Consensus forecasts expect the asset size of global IFSI to hit US$2 trillion
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Art‚ in its simplest definition‚ is the creation of images or objects. Islamic art has throughout history been mainly abstract and floral‚ portraying geometric shapes or Arabesque and calligraphic designs because of the strict injunctions against the depiction of living things. Islamic Art as a whole is comprised of visual arts produced 7th century onwards. This term not only describes art made in the service of Islam or by Muslim artists‚ but also secular art originating from those lands which
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Islamic Culture Overcoming Religious illiteracy This Article is one that shares on the topic of how many people are uneducated in Religion weather it be theirs or someone else’s. Moore says “Religious literacy entails the ability to discern and analyze the fundamental intersections of religion and social/political/cultural life through multiple lenses” therefor I agree with her statement there is a lot more to other Religions than meets the eye‚ which many people are not willing to learn which
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