The rhetoric of Islamic banking – exemplified in this opening quote by one of the industry’s most prominent pioneers – is derived from its historical evolution as a model of two-tier silent partnership. In fact, Islamic banks have mimicked conventional bank assets – from receivables to bonds, with credit sale and lease-backed debt instruments. In the meantime, Islamic banks have continued to re...

Al-Qur'an is Islamic religious learning which the source of education, because it contains complete teachings about faith, noble character, rules worship, human relations with God, humans, and everything related life, that most important thing in education to understand Qur'an. The Qur'an a perfect reading was revealed through Angel Gabriel by using Arabic be used as law (guideline) for mankind...

dar al-islam's population consists of muslims (majority), the people of the dhimma (non-muslim citizens of an islamic state known as the minority) and al-musta'min (an islamic classification for a non-muslim foreigner that enters muslim lands for less than a year and is legally protected by the muslim authority). the fact that public courts of islamic states have the jurisdiction to d...

Islam is a comprehensive religion guiding the lives of its followers through sets of rules governing the personal, social, and public aspects through the verses of the Holy Qur'an and Hadiths, the compilation of the traditions of Prophet Mohammed (pbuh), the two main documents that serve as guidelines. Islam is explicit with regard to using animals for human purposes and there is a rich traditi...

background: correct statistical data plays a significant role in evaluating the performance of an organization. managers are mainly expected to use the results of statistical analysis and statisticians are assumed to collect, analyze and interpret the data. this study is aimed at investigating the causes of statistical inconsistencies from the viewpoint of managers and statisticians in centers ...

Purpose – Islamic finance and socially responsible investing (SRI) have been two of the most rapidly growing areas of finance over the last two decades. During this period, they have each grown at rates that far exceed that of the financial markets as a whole. The purpose of this paper is to find similarities and commonalities of both markets and identifies how both could benefit from each othe...

The recent history of Islamic finance is riddled with a number of paradoxes. First, there is a great rift between the economics literature on Islamic finance, and the practical approaches taken by financial experts and practitioners in the area. Second, despite two or more decades of rhetoric regarding the development of uniform standards for Islamic finance, the market remains largely segmente...