Islamic Law Essay

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

performance of Islamic banks in comparison to conventional banks. The performances will be measured over a 5-year period from 2009 to 2015. In comparing Islamic and conventional banks, profitability and liquidity will be examined. Introduction Islamic finance refers to the provision of financial services in accordance with the Shari’ah Islamic law, principles and rules. The principles of which “emphasise moral and ethical values in all dealings have wide universal appeal” - (Institute Of Islamic Banking

1.0 Introduction 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

The evolution of Islamic finance now takes place in most of the countries, whether in Muslim countries or non-Muslim countries. Islamic finance institutions perform the same essential functions as financial institutions do in the conventional system, except that there is a need for them to carry out their transactions in accordance with the rules and principles of Islam. One of the most growing parts of the Islamic finance is Islamic equity market. In principle, Islamic equity market is characterized

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

Racial Profiling The justice system is one of the most important and critical parts of a government. Laws and regulations in our justice system guarantee our rights and safety. When law enforcement is segregated the safety of people among minorities are in the wrong hands. In the novel, “Just Mercy” by Bryan Stevenson, he scripts a similar situation where a man named Walter McMillian was a victim of racial profiling. Walter McMillian, an African American man, was convicted of murder of Ronda Morrison

The Study of Gender Inequality in Islamic Iran Early in the term I read the book Iran Awakening by Shirin Ebadi and grew fascinated with her account of life in Iran before, during, and after the Islamic Revolution. In this touching memoir, she describes the 1979 revolutionary takeover of Ayatollah Khomeini, who overthrew the shah and established an Islamic State, fusing together religious and political life. The result was a unique combination of theocratic and democratic authority, completely unprecedented

CHALLENGES TO ISLAMIC FINANCE INDUSTRY Many authors agree that Islamic finance industry has a long way to become globally successful industry. To achieve its potential for solid growth, Islamic finance must improve number of areas including: improving regulatory supervision in the industry, adaptation of tax treatment to Islamic banking products, establishing liquidity control, introducing risk management tools, supporting standardization of financial products and others. Prasad (2015) mentions

theoretical models perceived two tired mudarabah finance structure, in which the Islamic bank on one hand would receive deposits as agent (mudarib) of its customers; and on the other hand provide finance to enterprise as principal [sleeping partner] (rabb al-mal). In this early period (1930s to 1960s), developments in Islamic finance took place on the intellectual side only. The first practical realization of a bank-like Islamic financial institution, on a small scale, was that of Mit Ghimar in Egypt which

Comparison Between AAOIFI & IFRS Under the economic globalization and the rapid development of Islamic finance in recent years, the business activities with Islamic countries became a worldwide focus. However, it is notable that the conventional accounting system would face a challenge with the compliance of Shariah. Therefore, the Islamic accounting standards AAOIFI were developed due to of the existing problem with the adoption of the convention accounting standards (IFRS). In this chapter, to