since the start of modern banking in islamic countries, some scholars have tried to provide a certain interpretation of riba prohibition in islam which does not cover the interest-based banking system. hence, it is completely possible to use conventional banking in islamic countries. on the other hand, some others have tried to come up with a more comprehensive understanding of riba and critici...

G. R. Jahanshahloo , F. Hossienzadeh Lotfi , N. Shoja , G. Tohidi , S. Razavyan d a Department of Mathematics, Science & Research Branch, Islamic Azad University, Tehran-Iran b Department of Mathematics, Islamic Azad University, Firuozkooh Branch, Firuozkooh-Iran c Department of Mathematics, Islamic Azad University, Tehran-Center Branch, Tehran-Iran, P.O. Box: 14515-459, [email protected] d De...

The paper serves as background material for the review of debated issues and standpoints in the theory and application of Islamic economics, IE; and for discussion of fruitful research avenues in application of IE to modern economies. The focus is on six areas: (1) theory: links between IE and mainstream economics; while topics (2) to (6) treat applications of the given directives in Islamic ec...

Bangladesh is a moderate Islamic country. There are six full pledged Islamic banks providing services to wide range of customers. This study is designed to examine the impact of demographic disparities on the bank selection criteria applied by diversified customers of domestic Islamic banks in Bangladesh. We have run regression analysis after controlling for four demographic groupings such as G...

considering the nature of banking activities, credit risk plays the biggest role in its profit-making capacity. the nature of credit risk is such that despite the existing innovations in the banking system, the credits granted to the borrowers by the banks still face a rather high risk of not being returned, and this is the predominant reason for the unsuccessful performance of the banks. durin...

This paper presents a case series with preliminary data regarding the neurophysiological effects of specific prayer practices associated with the Islamic religion. Such practices, like other prayer practices, are likely associated with several coordinated cognitive activities and a complex pattern of brain physiology. However, there may also be changes specific to the goals of Islamic prayer wh...

This paper aims to examine e-business from Islamic perspectives. Among topics to be addressed in this paper, are e-business concepts, the legality of e-business from an Islamic point of view, prospects and challenges of Islamic e-business in a Malaysia context. This study introduces an Islamic e-business concept in addition to some interesting issues that can be found in this paper. In Islam, e...

Under this title I organized, on March 26 and 29, 2010, a workshop that discussed the place of Islamic law in the national codes of states with predominantly Muslim populations in the Middle East and Southeast Asia. What place do their codes assign to Islamic law? As none of the states concerned—with the exception of Turkey—declares itself to be a secular state, they can all claim that the law ...

This study aims to explore the application of sharia contracts used by Islamic fintech peer-to-peer (P2P) lending in Indonesia. uses a literature and content analysis observing firms’ websites, providing P2P Eight firms registered with OJK per October 2021 that disclose information regarding are analysed. finds all Indonesia applies con-tracts according Fatwa DSN-MUI No. 117/DSN-MUI/II/2018, in...