Shariah Financial Market Statement

These decisions may include selling and buying of stocks, bonds, futures, currencies and so on. Stocktrak.com helps to implement the investment decision process as it includes evaluation tools for securities being traded at stock market. The website provides graphical historical performance of stock prices and this graphical performance can be analyzed for making different investment decisions related to those stocks. This project will be investing the given specified amount in a portfolio. The portfolio investment will help to reduce the level of risk associated with investment. With the reduction in level of risk, the average return of portfolio investment will increase as compare to individual investments. Thus, portfolio investment is better option for investment as compare to individual

o It is highly recommended to minimize the number of different financial assets selected for the portfolio. It is

“In the 2013 NCAA tournament Louisville player Kevin Ware suffered a horrific injury to his lower right leg while attempting to block an opposing player’s shot. Six months later, Ware was healed and back to practicing. He was lucky (Patterson)”. Over the years in college, college athletes are going into debt on behalf of them not being paid to play in sports events. College athletes are in need for money when they don’t have enough to pay for food or clothes.

Postpartum depression (PPD) is a major event occurring in eight to fifteen percent of the woman population after delivering their child (Glavin, Smith, Sørum & Ellefsen, 2010). The symptoms and causes of PPD are similar to depression symptoms in other periods of life (Glavin et al., 2010). These symptoms may include feelings of helplessness and hopelessness, loss of interest in daily activities, sleep changes, anger or irritability, loss of energy, self-loathing, reckless behavior and concentration problems. These symptoms may lead to other factors that are detrimental to the child bearing and rearing family.

(See all the possible combinations on TABLE 2). 6. a) The portfolio’s risk would decrease if more stocks were.

sufficient capital base to back their high-risk assets. This measure could improve their risk management

Becoming an expert in Islamic economics and finance field is one of my long-term goals in life. I started to organize and made a plan towards achieving that dream since senior high school. The concern towards Islamic economics and finance concept, and its application for society and the country began when I was reading a book entitled Islamic banking-theory and practice. After finishing reading the book, my interest in Islamic economic and finance topics rose and strengthen my own determination to become the expert of Islamic economics and finance. The main principle of Islamic economics and finance which offers the just and ethics in economic activity, poverty alleviation through income distribution mechanism, and prevention of economic and

Petrodollar flows have been among the major factors supporting the growth of the Islamic finance industry ever since the 1960s GIFF (2010). The rising petrodollar flows in global markets imply continued and increasing petrodollar investments in the Islamic finance sector. This has led to a surge of interest in the Islamic Finance sector, with more and more countries positioning themselves as strategic locations to tap into part of this abundant pool of funds. For instance, a number of countries worldwide have announced their plans to issue Sukuk (Islamic bonds) and thus meet their financing needs by attracting high net worth investors (HNWIs) and wealth from the Middle East region. HNWIs are particularly on the look-out for efficient and secure jurisdictions for investing their funds, more so in the context of the present economic downturn . Operating in a facilitative business environment and reducing cost of operations are deemed instrumental factors for market players. Accordingly, a number of jurisdictions have actively encouraged the development of their Islamic capital markets as a key strategy for attracting both HNWIs and Islamic finance businesses . In particular, it has been observed that jurisdictions from across the world are developing their Islamic capital markets by utilising the efficiency provided by Offshore Financial Centres (OFCs) to structure Shari’ah compliant products which adhere to the

to maintain a minimum level of equity per loans and other assets. This required minimum is

In July of 2014, the most important events of in the history of financial market in the GCC (Gulf Cooperation Council) has been announced. Saudi Arabia has approved to open its equity market to direct foreign investment and CMA has drafted rules for Qualified Foreign Institutions. Its equity market (Tadawul) valued around USD 530 billion and which will open an opportunity for the largest global investment funds to inject their funds into one of the most lucrative emerging markets. However, once the announcement hit the news, Tadawul market index hit the 10,000 point for the first time in six years as the market react with optimism over the news. The Saudi Stock market was limited to Saudi and GCC investors only and for those outside of the region, their only way of investing is through swaps and mutual funds (Butt, 2014). However, different institutional investors either in the region or globally has received the news with optimism for long-awaited golden opportunity as the biggest economy in middle east has opened its door to qualified institutional investors. Bassel Khatoun, the head of MENA equities at Franklin Templeton Investments said "As the largest equity market in the Middle East and North Africa, this will certainly put the region back on international investors ' radar and is likely to be transformative for regional equities,” Also some analysts thinks that Saudi Arabia could be similar to China’s qualified foreign institutional investor plan when the Chinese

Interest, also known as Riba in the Quran is strictly prohibited in Islamic banking. It is the key difference between Islamic banking and conventional banking. In Islamic banking interest is defined

The management of portfolios of investors on a discretionary basis, in compliance with the mandate given, when these portfolios include one or more financial instrument

There are three conditions implied on these kinds of companies, i.e. Gross Revenue should be less than $25 Million, Gross Assets are less than $12.5

Sadly, Islamic banks and financial institutions are seen as the weak link in the Wes. The wrong perception is about inadequate anti-money laundering (AML) and internal controls. Moreover, in Islamic institutions, the heavy reliance of the industry on cash transactions and on trust within the business communities of Muslim countries have been key areas of concern for Western regulators and institutions.

In context of modern economics, Islamic banking is a completely new concept for most of people in this domain. The Islamic bank established in 1963 in the city of Mit Ghamr, Egypt is believed to be the first of its kind, even though it was not publicly characterized to be so due to political persecution. The Egyptian government at that time used to be hostile to any activities that are believed to adopt any Islamic approach and duped them to be unwanted fanaticism. The bank’s first administration board was chaired by Mr. Ahmed Al Najar and remained in business until 1967. This experience was later replicated in 1975 by the first bank to be openly branded Islamic, the Dubai Islamic Bank, which was an integrated bank offering all of its financial and investment services according to Islamic Sharia guidelines. As a result of the success of this new type of banking, 267 Islamic banks were established in 48 countries around the world yielding a volume of business surpassing $250 billion estimated by The General Council for Islamic Banks and Financial Institutions CIBAFI (Arif 1988).