Interest-free (Islamic)finance is an innovation of the world in the present scenario. The prohibition of interest in Islam raises the question of how financial inter-mediation will take place in the economy; this book provides a conceptual framework to the study Islamic financial system embedded with interest-free banking, bonds, insurance, assets/fund management, and micro-finance. The book also depicts the overall profile of the Islamic Financial Industry around the world by examining its growth and developments.Given its holistic approach in the discussion of principles, techniques and practices of Islamic finance; both students and practitioners of Islamic finance would find this book of immense practical utility. A unique feature of the book is that operational aspects of each of the interest-free financial products are illustrated with the help of flow chart/pictorial presentation. A detailed glossary of Arabic literary terms and references are provided at the end of the book for the benefit of students.
The prohibition of interest in Islam raises the question of how financial inter-mediation will take place in the economy; this book provides a conceptual framework to the study Islamic financial system embedded with interest-free banking, ...
Though Capitalistic In Nature, The Islamic Economic System Is Not, However, Based On The European Or American Capitalist Economic Principles, Which Is No Way Heed Moral Or Ethical Conceptions. The Islamic System Obeys Fully And Unconditionally The Dictates Of Moral And Ethical Doctrines. The Difference Between The Islamic And The Capitalist Economic Systems Is Thus A Cardinal And Fundamental One.This Islamic Economic System Also Laid Down The Principle Of The Equality Of Value Between Labour And Capital, By Recognizing That Labour Should Be Accorded Equal Consideration With Capital-In Fact That It Can Itself Be Regarded As Form Of Capital .The Present Book Consists Of Eleven Articles Explaining Some Vital Aspects Of Economic System In Islam. The Material Is Based On The Writings Of Renowned Scholars On The Subject, Drawn From Different Sources- Books, Journals And Magazines. As Such A Dependable Source Of Reference.
The Difference Between The Islamic And The Capitalist Economic Systems Is Thus A Cardinal And Fundamental One.This Islamic Economic System Also Laid Down The Principle Of The Equality Of Value Between Labour And Capital, By Recognizing That ...
Khan and Mirakhor have imposed on their model a structure and constraints which lend a tautological character to their exercise (13). The indiscreet replacement of the rate of interest in the secular model by a profit rate makes their conclusions tentative and questionable. Formulation infirmities have further weakened their position. Still, their work is laudable for it opens up some new areas of investigation in Islamic banking.
Khan and Mirakhor have imposed on their model a structure and constraints which lend a tautological character to their exercise (13).
With the process of a 'wider Europe' (EU-Commission President Romano Prodi's 'ring of friends') that extends from Marrakech in Morocco to St Petersburg in Russia gathering speed, the growing rift between Europe and America also is about how to deal politically with the countries of the Mediterranean-Muslim world. The house of Islam (Dar al Islam) was pivotal to the European path to the Renaissance and to the re-discovery of classic Greek philosophy. The Mediterranean policy of the European Union aims at a positive and co-operative relationship with the region. A successful integration of the Mediterranean South would have tremendous and positive repercussions for regional and world peace. World-wide leading experts from the field of world systems analysis, economics, integration theory, political science, theology and area studies, agnostics, Christians, Jews and Muslims alike discuss the issue with European decision makers. The outcome is an interdisciplinary evaluation of this projected export of peace, co-operation, dialogue and stability in the framework of world centre-periphery relationships.
With the process of a 'wider Europe' (EU-Commission President Romano Prodi's 'ring of friends') that extends from Marrakech in Morocco to St Petersburg in Russia gathering speed, the growing rift between Europe and America also is about how ...
This book has been compiled as a result of a need to have a handy guide to understand various issues related to the Islamic Social System. Running over 150 pages, the subjects covered in the book include the Ahkam related to Clothing for Women, Ahkam related to travelling for women, Ahkam related to public & Private life for men & Women and Ahkam related to marriage.. And as time progresses and with the ever increasing call among the Muslims to reunite under a Khilafah where Islamic is implemented In a comprehensive manner, there is an increasing need for books to be written on crucial subjects so as to be to able to build within the Ummah, the right awareness and depth. Having realized the need we have embarked on this ambitious project to produce books on subjects that are pertinent to the Ummahs culturing, subjects that have not yet been brought out in the form of books. The 'Muslim ideologue's Companion' series is a unique series that Istinarah Press has worked to compile and bring forth addressing a range of subjects including indepth studies & analysis on regional and international powers, important economic issues such as Oil pricing and the Global Economic Crisis & Legislative opinions on the working of the very soon to be established Khilafah Rashidah. Most of our content has been compiled from existing articles, books & Question And Answers answered by Shekh Ata bin Khaleel abu Rashta and other authors and writers on the subjects.
This book has been compiled as a result of a need to have a handy guide to understand various issues related to the Islamic Social System.
