A large literature contends that legal systems that adapt efficiently to meet the contracting needs of the economy foster financial sector development. The paper discusses the adaptability features of Islamic law related to commercial transactions (Islamic commercial law) in light of contemporary financial system. After discussing the nature and way the common and civil law traditions can evolv...

The Emergence of `Islamic Education Movement` is a response to the `secularization of education` faced by the ummah (muslim people) all over the world; in the sense that the `traditional Islamic Sciences` which are rooted in Islamic sources i.e. al-Qur’an (the Holy Book) and as-Sunnah (Tradition of the prophet) have been marginalized. Subsequently, Muslim scholars have made serious endeavors to...

There is a serious lack of empirical studies on Islamic banking. This paper attempts to fill that gap to some extent. Using data for the 1990-98 period, several hypotheses and common perceptions about the practice of Islamic banking have been tested. The performance of Islamic banks has been evaluated using both trend and ratio analyses. For this purpose, some objective “benchmarks” for various...

the process of economic globalization and integration has had a tremendous growth in recent years and the convergence of various economic sectors, including the financial markets is increasingly in the spotlight. this increasing trend has strengthened investors' interests in the subject of convergence among the world's stock markets and investors experimentally show a passion for unde...

Islamic art is unique because its form and function permeate both distance and time. Since the birth of Islam, Muslim artists around the world have created pieces of art that share an uncanny resemblance to pieces created by other Muslim artists through common themes, appearances, and applications. These similarities include calligraphic elements, exaggerated depictions of plants and animals, a...

in 2008, the organisation of gas exporting countries (ogec) was formally established with 11 members in doha, qatar. while having economic and business nature, the organisation is seen as the gas opec, having the potential for changing the geo-strategic and geopolitical structure of the world. therefore, it is regarded as a threat by europe and the us to the security of their energy supply. isl...

This study investigates the banking behavior of Islamic bank customers in Bangladesh. By collecting data from a sample of 100 customers of Islamic banks, researchers conducted a comprehensive profile analysis, a number of chi-square tests, and t tests and found a number of key findings as to the behavior of Islamic bank customers in Bangladesh. First, most of the customers of Islamic banks fall...

This paper exposes the “roadmap” of how modern Islamist terrorism is financed, through both legitimate and illegitimate means: the networks and linkages between financing obtained on the one hand through sympathetic Islamic governments, Islamic charities and banks, seemingly legitimate businesses operating as fronts, and on the other hand through criminal activities running the full gamut from ...