a r t i c l e i n f o The Dow Jones Islamic Market indices (DJIMI) are constructed by screening out stocks that are incompatible with Islam's prohibition of interest and certain lines of business. However, as a blunt instrument, the interest rate can affect discounted cash flows of any firm, even a firm with no financial leverage. This study reveals that the aggregate portfolio of Islamic stock...

This paper investigates the question of whether the phenomenon of Islamic finance who based on Shariah, or Islamic law is truly globalizing and spreading as a universal system of finance and banking. The paper also addresses various aspects of the globalization for Islamic finance, among other, the issue of the rise of Islamic banking in the world, Islamic jurisprudence and finance, global stan...

This study explains the history, current problems, and future possibilities of Islamic insurance (takaful) in Bangladesh. To articulate these issues, the researcher has adopted the qualitative method, and data has been collected through secondary sources i.e. articles, books, and online resources. The study reveals that Islamic insurance in Bangladesh is regulated by the Insurance Act 2010 whic...

Since human soul seeks excellence, he continuously hunts for answers to his questions. Therefore, he works towards tools to help him achieve a better life, create a dream world (Armanshahr) or utopia; a nowhere; his desired world. The Sufis has been more attentive to the local realities of their society, and they saw the society full of shortcomings and sought to lead their people into a desira...

1 M.Sc student, Science and Research Branch, Islamic Azad University, Tehran, Iran. 2 Department of Chemistry, Yazd Branch, Islamic Azad University, Yazd, Iran 3 Ph.D Student, Yazd Branch, Islamic Azad University, Yazd, Iran 4 Ph.D Student, Science and Research Branch, Islamic Azad University, Tehran, Iran. 5 Department of Chemistry, Science and Research Branch, Islamic Azad University, Tehran,...

rational explanation of the doctrine of imamat (spiritual leadership of the shi`ites) is one of the most important and efficient instruments that can prepare the ground for extension and propagation of this view in all over the world. so, in this article i want to study one of the first rational explanation of this view in islamic world which proposed by al- farabi. in the world of islam, farab...

rational explanation of the doctrine of imamat (spiritual leadership of the shi`ites) is one of the most important and efficient instruments that can prepare the ground for extension and propagation of this view in all over the world. so, in this article i want to study one of the first rational explanation of this view in islamic world which proposed by al- farabi. in the world of islam, farab...

This paper explores some of the issues that arise in the regulation of Islamic capital market products and services. As many of the products are distributed to retail clients by Islamic banks and through the Islamic windows of conventional banks, it is also pertinent to deal with the regulation of these institutions, not least because of the distinctive liability and asset structures of Islamic...

Abstract In this article I consider the connection between Islam and utopia, using renewed visibility that Islamic actors moral economies have gained in post-revolutionary Tunisian public sphere as a starting point. particular, based on ethnographic findings from field research Tunisia, take into account interest Salafism expressed by young Muslims, recently fascinated Salafi tradition even if ...

the analysis of city as an approach in reading has drawn a  lot of attention from the end of nineteenth century till present time and the concept of city, real or imaginary, utopia or  promise land has been one of  the most significant frameworks for narrative techniques. the present research attempts to introduce george wells' theories concerning utopia, and apply them to analyze suhayl i...