Islamic

Islamic art The term Islamic art describes both the art created specifically to serve the Muslims desires and characterizes the art and architecture historically produced in the lands ruled by Muslims, produced for Muslim patrons, or created by Muslim artists. Hence, it is not only a religion but a way of life, Islam fostered the development of a distinctive culture with its own unique artistic language that is reflected in art and architecture throughout the Muslim world. After the muslims have

years ago, the Islamic banking industry was created, on a modest scale, to fill a gap in a banking system that was not listening to the fervent Muslim believers. Morocco has been following the same development in offering Islamic finance services to its citizens through Islamic windows in conventional banks. In parallel to this development of the Islamic financial industry in Morocco, it seems very crucial to evaluate critically based on Maliki law school the previous experience of Islamic windows in

world need access to Sharia (Islamic law) compliant financial tools. According to CGAP 2013, there are around 255 Islamic microfinance providers in the world (Figure 1 and 2). Studies conducted in Bangladesh, Sudan and Indonesia show that Islamic microfinance is growing at much faster rate than conventional microfinance. TechNavio forecasts the market to grow at a CAGR of 19.7 percent over the period 2013-2018. There is a huge opportunity for the growth of Islamic Microfinance in Pakistan as well

of data and opinions by Islamic financial experts. Facts and figures that have been collected which will be presented. Many people are sceptical about Islamic banks performances into the niche as newcomers to the market according to Samad, (2004). As previously mentioned, Islamic finance operates in accordance with the Qur’an. Islamic banks are non-conventional financial institutions which completely prohibit the action of ‘Riba’ (Interest) under Islamic Banking. As Islamic finance follows strict

globally, Islamic finance remains tiny compared to conventional finance with its tens of trillions of dollars. The market in Islamic bonds, or sukuk, is believed to total about $50 billion, roughly 1 percent of global bond issuance. In view of the financial crises which have been affecting the whole world, a solution in the name of Islamic finance could be introduced. As the global economic slowdown becomes more severe and protracted, many countries will be seeking alternatives, and Islamic finance

INTRODUCTION An Islamic Financial system could be simply defined as a financial system that is based on the principles and values of Islam which mops up riba and guarantees a profit-sharing mechanism. Islamic Financial system has developed over past decades as an indication of Islamic Worldwide view represented by the Shari’ah. The profound basis of Islamic financial system surpasses the interaction of factors of production and the behaviour of the economy. (Iqbal 1997) Shari’ah is the foundation

Many people think terrorism and islamic militancy is a product of long-lasting religious traditions in the islamic world. However, when delving deeper into the origins of this radical violence related to islam, and the middle east, it becomes apparent it is connected to many different global and political factors that have led to it’s significance on the world-stage. The question arises, why is Islam so directly connected to violence? This can be due to the lack of knowledge, it is essential to recognize

1.0 Overview Islamic banking refers to a system of banking that complies with Islamic law, also known as Shariah law. The underlying principles that govern Islamic banking are mutual risk and profit sharing between the provider of capital (investor) and the user of funds (entrepreneur). In other words, it ensures an equal contribution for all parties involved, whether in profitability or in case of any loss occurred. Activities that involve interest (riba), gambling (maisir) and speculative trading

Following the rise of the Islamic State in 2014, acts of terror perpetrated by the would-be caliphate have headlined global news cycles, rife with displays of atrocity and a deadly ambition to create a country ruled by extremist ideals. However, in the broader context of history, what will have the most significant effect on cultural memory is not the fact that these terrorists and ideologues attempted to form a state, but that it was one claimed to be inherently Islamic. The resulting culture of

the establishment of Islamic banking in Bangladesh. Later In November 1982, a entrustment of IDB triped Bangladesh and proclaimed enthusiastic interest to contribute or the establishing a Islamic bank through joint venture especially in the private domain. Two proficient bodies such as the Islamic Economics Research Bureau (IERB) and the Bangladesh Islamic Bankers ' Association (BIBA) ended noteworthy groundwork on the way to initiate a Islamic banking in Bangladesh. They gave several training and