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
Premium Sharia Muhammad Qur'an
Six Hadiths: Do We Have a Definition or a Conundrum? Dr. Mohammad Omar Farooq Associate Professor of Economics and Finance Upper Iowa University June 2006 [Draft; Feedback welcome] [pic]The Readers are highly encouraged to read another of my essays "Islamic Law and the Use and Abuse of Hadith" before this one to better follow and appreciate this essay. NOTE for fellow Muslims: Because this topic
Premium Hadith
Islamic Finance is a financial system that doesn’t work like other conventional banking systems. It follows the Islamic law‚ Shariah‚ which doesn’t allow certain aspects of a normal banking system such as usury and speculation. There are some main principles to be followed in Islamic banking. First of all‚ it prohibits interest‚ or Riba. Riba is forbidden in Islam‚ and therefore Islamic banking system adopts the principle of profit and loss sharing. It also prohibits uncertainty‚ gambling‚ and prohibits
Premium Islamic banking Subprime mortgage crisis Sharia
structure. As organizations need to process more information under these uncertain conditions‚ IT is one possible way for organizations to increase their information processing capability. We are conducting a research in HBL bank that‚ how bank increase the number of account holders using Internet banking among its Current Account holders. IT has a dramatic effect on both people’s personal and professional lives. IT is also changing the nature of organizations by providing opportunities to make fundamental
Premium Bank
ISLAMIC FINANCE MID-TERM Usama Bin Asif ISLAMIC FINANCE MID-TERM By Jebran khan 1. Economical system 2. 4 Problems of economical system 3. Principles of Socialism a. Errors in Socialism 4. Principles of Capitalism a. Errors in Capitalism 5. Islamic instructions regarding economics 6. Initiative person and secondary person 7. Profit motive a. Restrictions from Gods side b. Governmental restrictions b.i. Condition of governmental
Premium Islam Capitalism Muhammad
ISLAMIC FI A CE WITHI TRADI G FRAMEWORK: THE WAY TO LEGITIMATE PROFIT Mirza Vejzagic∗ ABSTRACT In an Islamic financial system‚ leading regulations are derived from the Quran and Sunnah. The Shariah embraces the Quranic philosophy in three magnitudes‚ explicitly Aqidah (faith and believe)‚ Akhlak (ethics and morality) and Muamalat (transactions). The latest one‚ Islamic law of transactions (fiqh muamalat) has become inevitable in contemporary Islamic finance. The main rationale could be
Premium Sharia Qur'an Riba
Subject: Research methodology for business Research topic: Islamic banking system in Islamic and non-Islamic countries. Course: MSc in banking and finance Content ____________________________________________________________ ___________________________ Executive summary---------------------------------------------------------- 3 Chapter 1: Introduction i. Background ------------------------------------------------------------- 4 ii. Objectives‚ research questions and
Premium Sharia Islamic banking Islam
International Research Journal of Finance and Economics ISSN 1450-2887 Issue 28 (2009) © EuroJournals Publishing‚ Inc. 2009 http://www.eurojournals.com/finance.htm Financial Management of Construction Contracts (Constructability and its Relation with TQM‚ Cost Shifting Risk and Cost/Benefit) Tauqir Haider Tauqir Haider is a qualified Professional Accountant‚ Visiting Faculty member in leading Universities of Pakistan for Finance subjects and having a wide experience on construction contracts
Premium Construction Project management Costs
SAMPLE RESEARCH PROPOSAL PROMOTING GOOD GOVERNANCE IN PUBLIC INSTITUTIONS OF GHANA: THE ROLE OF THE INTERNAL AUDITOR 5/5/2009 SCHOOL OF BUSINESS‚ UNIVERSITY OF CAPE COAST‚ GHANA ISHMEAL OFORI AMPONSAH (STUDENT) Table of Contents Introduction 1 Background of the Study 1 Problem Statement 2 Management Question: 2 Research Questions: 2 Hypothesis: 2 Objectives 3 Significance of Study 3 Literature Review 4 Definition of Internal Audit 4 Role of the Internal Auditor in governance
Premium Internal audit Auditing
Research Proposal Template Please note that instructions (in italics) should be deleted and replaced by the appropriate entries. The word guides are a maximum. The proposal should include a list of references and a timeframe. The word count is 2500 – 3000. 1. Title Give a clear and succinct title‚ indicating the problem area around which the research will be undertaken. 2. Background Include a description of the background to your topic. Explain why you have chosen the topic - give both
Premium Proposal Project management Proposals