seen that the Islamic banking industry can be used as a medium to communicate and spread propaganda. Through this medium, it will demonstrate the power and advantages of Islamic banking system compared to conventional systems. This can also be seen in the Islamic banking system is not only widely accepted by the Muslim community even non-Muslim communities are also using this system. INTRODUCTION Islamic banking is a controlled institution based on the principles of sharia Islamic rules on transactions
perceptions number of Islamic banking services. Study from Erol and El-Adour (1989) and Erol et al. (1990) is regarded as the earliest investigate the factors that influence the customer to choose Islamic banking. Using both conventional and Muslim banking customers as respondents, the study found that the provision of services quickly and efficiently, the bank's reputation and confidentiality are the most important selection criteria for bank customers who visit the Islamic banks. In their study
Islamic finance is the system that practicing financial services according to the principles and rules of the Islamic commercial jurisprudence. It is a system that operates the services based on Islamic law which is called shari’ah which is based on Al-Quran and Sunnah. The objective of the Islamic finance is maximizing profit by minimizing loss but at the same time taking consideration on the welfare (maslahah). In Islamic finance, it is prohibited from any payment which is over and above the principle
sense of religion means the direct path of human life to the right path.The term Shariah in Islam carries two meanings: the first relates to the commands of Allah which covers all aspects of human life; and the other two relate specifically to the Islamic law or jurisprudence. Shariah word also has a correlation with the word 'din', which literally means' submission or 'below'. As Muslims we must follow all directives that the Prophet Muhammad (SAW) taught us and the direction to follow is called
1.0 INTRODUCTION Islamic banking is the banking system which runs in accordance with the Islamic laws and the Shariah board that guides the institutions. Apart from that, Islamic banking is an interest free banking, which there is no fixed rate of return. The Shariah board authorizes the production that whether these are Shariah compliant or not. Islamic banking is the banking that is guided by Islamic law (Shariah) principles and guided by Islamic economics. Islamic law forbids the usury, the collection
Providing For Parallel Islamic Banking Systems: In most jurisdictions where Islamic banks operate, they have to compete with conventional banks involved in interest-based borrowing and lending. The legal framework governing the licensing of banks and their regulation was designed primarily for conventional institu¬tions, not least as there were no Islamic banks in existence in most cases when the banking laws were drafted. Three choices therefore arise: firstly, whether Islamic banks can be accommodated
Benefits of ICM Development on Market Segments Sharī`ah-compliant Equities Development of the Islamic equity market typically involves having in place a Sharī`ah stock-screening process which facilitates the identification of Sharī`ahcompliant stocks and therefore attracts wider participation from investors that seek Sharī`ah-compliant products. At the same time, it can facilitate the construction of Islamic equity indices. Sharī`ah-compliant equities may also appeal to the global socially responsible
the study 6. Key estimated learning from the study Part two 7. What is Islamic Banking 8. What are the transaction process of Islamic banking 9. The key sources of law and values of Islamic Banking 10. The differences between Islamic Banking and conventional Banking Part three 11. A comparative analysis 12. Conclusion Basic differencess: Results indicate that conventional banks perform better in profitability, while Islamic banks perform better in liquidity and credit risk. In t-test of the return
'' Islamic banking '' is interest free asset backed banking governed by the principles of Islamic shariah. The origin, history and evaluation of Islamic banking The inspection of Islamic managing an account framework can be followed back to the approach of Islam when the prophet himself did trading operations for his wife. the ''mudarbah'' or Islamic organizations has been generally increased in value by the Muslim business group for quite a long time yet idea of '' riba '' or investment has picked
Global Islamic Economy Asia Malaysia – is the most developed market for Sukūk at both the primary and secondary market levels. As of mid-2013, Malaysia was responsible for USD148 billion of outstanding Sukūk, or 60.4% of the total global value. Other jurisdictions in Asia that are active Sukūk issuers include Indonesia, Pakistan, Singapore and Brunei. In 2012, Indonesia accounted for 7.0%, and Pakistan for 1.5%, of global issuances. Malaysia is also leading the Asian region in asset management, with