Islamic Contract Law TYPES OF COMMITMENTS 1. Wa‘d – • • • – وunilateral promise One party binds itself to perform a function for another Does not normally create legal obligation Legal obligation is created: • • Genuine need of the masses – (ر Contingent promise ا س )رد ا ز ن ز ا إذ ا 2. Muwaa‘ada – ا ة • • • • – bilateral promise Two parties performing two unilateral promises on the same subject Use of two unilateral promises can lead to a forward contract
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roTHE ROLE OF ISLAMIC BANKING IN ECONOMIC DEVELOPMENT IN EMERGING MARKETS BY HAJARA ADEOLA MD/CEO LOTUS CAPITAL LIMITED A PRESENTATION AT THE ISLAMIC FORUM BUSINESS LUNCHEON LA SCALA‚ LAGOS NOVEMBER 2007 1 OUTLINE • • • • • • • • • • • • • • Introduction Effects of the Interest Based system The Islamic Solution The Framework Shari’ah Objectives and Effects Islamic Tools for Prosperity Macroeconomic Efficiency Islamic Banks – An Alternative? Effects on the Economy Financial Institutions Global
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EKONOMI ISLAM SEBAGAI MODEL ALTERNATIF PEMBANGUNAN EKONOMI DI INDONESIA (Penerapan Bank Syariah) By : Aa’ GreenDy BAB I. PENDAHULUAN I.1. Latar Belakang Fenomena perekonomian dunia telah berubah dari waktu ke waktu sesuai dengan perkembangan jaman dan perubahan teknologi informasi yang berkembang pesat. Banyak nilai-nilai baru yang dibentuk namun sulit untuk menentukan mana yang benar dan mana salah‚ sehingga terkadang membawa kebaikan namun adakalanya menyesatkan. Globalisasi ekonomi yang
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the Islamic Religion on the Harmonisation of International Accounting Standards Justin Lingard – S200990 October 2010 Table of Contents Introduction 4 User requirements of financial reports 5 IFRS Compliance Issues with Shari ‘a law 6 Riba 6 Gharar 7 Zakat 7 Conclusion 8 References 10 Introduction Islam is the world’s second largest religion with over 1.65 billion followers‚ which constitutes 24% of the world’s population (Kettani‚ 2010). Islam is a religion that encompasses
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MALAYSIA PERSPECTIVE REGARDING PERMISIBILITY OF BAY AL INAH AND BAY AL DAYN Even the permissibility of bay inah and bay dayn still on controversy‚ this issues should not be continuous and give a big effect for financial system industry overall. Most of the jurist give an opinion based on their understanding into fiqh Islamic. The arguments that are giving by the scholar are different since they are interpret the evidence that they are found in different ways. Besides that‚ didn’t have any clear evidence
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Conventional? The Relationship between Islamic Finance and the Financial Mainstream Edited by Charles Beard 1 The Arab Financial Forum (AFF) brings together senior figures from the public and private sector concerned with the development of Arab capital markets. Such development is essential to the growth of Arab economies. The AFF commissions relevant research‚ holds workshops and briefings‚ and produces a fortnightly newsletter. The AFF is a not-for-profit organization‚ supported
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Vivek S. Kanojiya (78) 1 INTRODUCTION TO ISLAMIC BANKING Islamic Banking refers to a system of banking or banking activity that is consistent with the principles of Islamic law (Shariah) .Shariah prohibits Riba. . i.e. interest free business. It is based on the Islamic economic system. It is not restricted to Muslims only. 2 EVOLUTION OF ISLAMIC BANKING Islamic banks are seen to involve themselves as financial intermediaries and investment oriented institutions in bringing
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Kelsey Earney Biology 102 sec 7 10/30/2012 Miraculous Treatments on the Horizon Scientists have pushed the envelope into the unknown‚ the impossible‚ and the unethical since the beginning of science. Recently scientists have researched ways to treat diseases such as cystic fibrosis‚ cancer‚ aids‚ and several more devastating diseases with no known cures. Scientists have found promising treatments using gene therapy‚ cloning‚ and stem cells. There are very few treatments using these techniques
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Wages. Washington‚ DC: Lovell‚ V. Retrieved August 23‚ 2008‚ from http://www.iwpr.org/pdf/C363.pdf Cohen‚ Milstein‚ Hausfeld‚ and Toll. (2008) Nurse Wages. Retrieved August 23‚ 2008‚ from http://www.cmht.com/cases_nursewages.php Konrad‚ T. Morgan‚ J. Ribas V. (2007‚ April) Active and Inactive Workers on the North Carolina Nurse Aide I Registry: A Wage and Employment Profile‚ p.8. Retrieved August 23‚ 2008‚ from http://www.dhhs.state.nc.us/olts/what/DOLREPORT_042607fnl.pdf
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Committed to Connecting to Our Communities? To what extent does an architect have a duty of care to instigate some form of meaningful consultation in considering the wider community? Written by Sarah Willats; 12017284 23 January 2013 Contents Introduction 3 The Development of Hackney 3 Chapter 1: Should it be the Architects Duty to Consult? 4 The Importance of Consultation 5 The Consequences of Neglecting this Duty 6 Fashion 6 False Advertising
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