Prohibition of Riba’ Generally Riba’ means that prohibition on any interest. In Islamic Finance system‚ investors and lenders are strictly disallowed to charge or receive interest. In the Shari’ah‚ “riba” technically refers to the premium that must be paid by the borrower to the lender along with the principal amount as a condition for the loan or for an extension in its maturity. According to Chapra (2006)‚ term of riba is used in the Shari‘ah in two senses. The first is riba al-nasi’ah and
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Speech analysis The speech made by Manal- Al Sharif called “A Saudi woman who dared to drive” is presented in a TED conference (Technology‚ Environment‚ and Design) which is a global set of conferences. They offer live streaming of the talks and address a wide range of topics within the research and practice of science and culture. The speech was filmed sometime within June 2013. Manal- Al Sharif is a woman from Saudi Arabia who advocates for women’s right to drive‚ male guardianship annulment‚
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INTERNATIONAL ISLAMIC UNIVERSITY MALAYSIA COURSE OUTLINE Kulliyyah / Institute Economics & Management Sciences Department / Centre Accounting Programme Bachelor of Accounting Name of Course / Mode Zakat Accounting Course Code ACC 4563 Name (s) of Academic staff / Instructor(s) Dr Ahmad Zamri bin Osman @ Hussin Room No. A 326 Tel. No: 03-6196 4000 ext 4672 This course is expected to provide students with a proper understanding on the concepts of Zakat;
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Why was Malala Yousafzai targeted by the Taliban? A young girl; Malala Yousafzai was shot in October 2012 by Taliban forces for going to school even though The Constitution of Pakistan “obligates the state to provide free and compulsory quality education to children”. Malala from Migora Town in Pakistan was a pupil‚ educational activist and the first eleven year old to write an anonymous blog detailing life under Taliban rule. She insisted on her own school attendance and had the courage to
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The period of Kalifa l-Rashidun is the best period in Islamic history as stated by Prophet Muhammad: the best of people is the people within my century‚ then the next century then the next century; and it is a requirement to follow the way of Kalifa l-Rashidun as they were upon the prophetic tradition. The period of the Kaliphate upon this Prophetic Tradition lasted thirty years after the death of Prophet Muhammad. The main achievements of the kalifa I-Rashidun which also changed societies include
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Education: Within Pakistan borders‚ the government has set up Deobandi tradition schools in a few fortunate refugee camps. These schools‚ which have educated many of the Taliban’s current leaders‚ are religious schools following the Islamic faith. The schools follow aWahhabism-based curriculum which is an extremely conservative form of Islam. This is the only educational opportunities children have within refugee camps. Religion: Afghanistan is an Islamic nation and is practiced by
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Contents Introduction Admiralty or maritime law concern legal rules that relate to maritime matters. Countries‚ especially those that have access to the sea have enacted and developed laws that deal with matters such as marine insurance‚ carriage of goods by sea‚ seaworthiness of ships‚ matters of safety of personal at sea‚ salvage‚ maritime liens and many others. In admiralty‚ jurisdiction can be understood to be the power or competence of a court to hear and determine matters‚ statutorily
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The principles & the definition of Islamic production A companion who had observed this ran back to the messenger of Allah (peace be upon him) and said: “I bear witness that you are the Messenger of Allah‚” and told the Prophet (peace be upon him) of the incident. The Messenger of Allah (peace be upon him) then comments: “A person may do good deeds‚ or so it seems to the people‚ although he is one of the people of Hell‚ and a person may commit sins‚ or so it seems to the people‚ although he is
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INCEIF The Global University in Islamic Finance Kuala Lumpur‚ Malaysia (CIFP) AL IJARAH THUMMA AL BAI’ (AITAB) (SH1003) Semester September 2012 Name: NORHADIYATUL AKMA BINTI JAAFAR Student No: 1200335 TABLE OF CONTENTS Abstract.....................................................................................................................................2 Key Terms of the Paper................
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Status of Women in Islam By Dr. Najam-us-Sahar Butt (FSP) There is a lot of talk about women’s rights in Pakistan and other Muslim countries these days. The western media is projecting a very gruesome and poor plight of the women in Muslim countries with the intention of distorting the section image of Islam. Unfortunately‚ this propaganda is proving quite effective and the entire west and a small section of females in our society have misinterpreted Islam as being the cause of their troubles
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