a r t i c l e i n f o The Dow Jones Islamic Market indices (DJIMI) are constructed by screening out stocks that are incompatible with Islam's prohibition of interest and certain lines of business. However, as a blunt instrument, the interest rate can affect discounted cash flows of any firm, even a firm with no financial leverage. This study reveals that the aggregate portfolio of Islamic stock...

Algorithms Design for pattern formation is an interesting science and many investigations are done about it. In this paper, a novel pattern formation method using asynchronous cellular automata for generating square Kufic patterns is explored. Square Kufic is a kind of script that is used in many Islamic architecture buildings. In our new method, cellular automata rules causing a specified kind...

This paper investigates the question of whether the phenomenon of Islamic finance who based on Shariah, or Islamic law is truly globalizing and spreading as a universal system of finance and banking. The paper also addresses various aspects of the globalization for Islamic finance, among other, the issue of the rise of Islamic banking in the world, Islamic jurisprudence and finance, global stan...

The present paper aims for the most part to prove the fact that religious and spiritual places and above all, mosques play major roles within Islamic urban areas. They are in fact the basis of civil infrastructures. A historical analysis focusing on where mosques stand in Islamic urban areas reveals that mosques have always been the center of development and growth and that they must be studied...