Islamic finance in Australia has witnessed the rapid growth since it was first introduced in 1989 with the Muslim Community Cooperative Australia (MCCA). The operation of Islamic Financial Services Providers in Australia is still subject to basically the same laws and regulations as their conventional counterparts and applies the same conventional interest-based framework for regulatory and sup...

The article is concerned with the latest developments in Indonesia's Islamic field. Its focus is on the role of social media in exchange relationships between Islamic preachers and their constituency. The article first discusses economic exchanges between preachers and their followers, and then it concentrates on social exchanges and how they are mediated today. Empirically, the article deliver...

Conventional credit card transactions are not consistent with Islamic principles, as exemplified by the Islamic banking system and the ‘Murabaha sale’. On the other hand, EMV-compliant IC (Integrated Circuit) cards have been developed to secure traditional Point of Sale (POS) transactions. Thus, if Islamic principles are to be applied to card payments, a new and secure card payment process is r...

The early models of Islamic banks are based on partnership of mudharaba and musharaka (profit-loss sharing) structure. Such equitybased financing are perceived to be superior to conventional financing from the standpoint of robustness to external shocks and from the standpoint of ethics, fairness and social justice. Where profit-loss sharing mechanisms cannot be used, Islamic banks provide othe...

There is a vast literature on regulatory, monetary and institutional aspects of traditional banking system. This is not true for the interest-free Islamic banking framework. In this paper, the functions and tools of central banking in an Islamic framework are evaluated, and suggestions for adapting and revising the currently used tools of central banking for the Islamic central banking are made...

INTRODUCTION The population of the world reached seven billion in 2012. Pakistan's population stands at more than 180 million, is growing rapidly, and has the highest unmet need for family planning (FP) in isolated rural areas. The low usage of contraception in the rural areas of Pakistan correlates with the level of isolation, poverty, illiteracy, and to a large extent, religious misinterpreta...

There are 1.3 billion Muslims in the world. Islam is one of the fastest growing religions and now constitutes the second or third religion in the USA and many European countries. Islamic countries have differing economic status and per capita income and this has its impact on the renal replacement therapy provided (Table 1 w1x), as it is an expensive mode of treatment. The success of transplant...

This study seeks to discover the best solution for women's property sharing between Islamic and current social practices in Bangladesh. A qualitative method has been adopted to achieve this goal. It is found that the majority of the women are marginalised from their property in the social practice. On the other hand, in the Islamic solution, the property is fixed for all classes of women and is...

Islamic Counselling: An Introduction to Theory and Practice by G. Hussein Rassool successfully differentiates Islamic counseling theory from a wide range of mainstream therapeutic models such as psychoanalytic, humanistic, cognitive–behavioral, and solutionfocused approaches. It serves as an introductory guide to support academics, clinicians, paraprofessionals, and students in the understandin...

art has not been extensively discussed in the islamic tradition, except a few instances in the islamic jurisprudence. there is no discussion of the essence or definition of art in islamic scholarly spheres, including philosophical spheres. one can find nothing comparable to the philosophy of art as found in the western philosophy, especially after the eighteenth century, in the philosophical or...