The Central Bank of Malaysia is facing unique challenges in transmitting its monetary policies due to Islamic banking, which strictly prohibits the interest payments. This article develops new methodology to calculate the demand for money function in the presence of Islamic banking. It indicates some weaknesses in the existing mechanism and raises thought that would be helpful in revising the m...

Abstract:Islamic painting is clearly influenced by the fundamental principles of Islamic thought. Not only this affects the meaning and content but also affects the form and structure of painting influenced the principles of Islamic thought. For example, the Quran as the main reference of Islamic thought expresses Islamic thought about color. We know that the color is the emission of the light ...