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...

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,...

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...

all of religions free towards society in Kazakhstan. Considering that Islam is more widespread religion in the region, Islamic industry is developing sector of Economy. There are some new sectors of Halal (Islamic) industry, which have importance for state developing on the whole. One of the youngest sectors of Halal industry is Islamic tourism, which became an object of disputes and led to dil...

Several of the world's great religions recommend a period of fasting or abstinence, and of these, the Islamic fast during the month of Ramadan is strictly observed. One whole month of intermittent fasting every year is particular to Islam. The experience of fasting teaches Muslims self­ discipline and self-restraint and reminds them of the feel­ ings of the impoverished. Fasting is not obligato...

This paper reviews the progress of Islamic banking from both theoretical and practical aspects. It highlights the basic principles on which Islamic banking is based and describes the operational details of Islamic banks. It mentions some of the misgivings with respect to the viability of Islamic banking and evaluates them objectively. It highlights the effects of Islamic banking on savings, inv...

Four options for assigning a meaning to Islamic Logic are surveyed including a new proposal for an option named Real Islamic Logic (RIL). That approach to Islamic Logic should serve modern Islamic objectives in a way comparable to the functionality of Islamic Finance. The prospective role of RIL is analyzed from several perspectives: (i) parallel distributed systems design, (ii) reception by a ...

Islamic banking is currently one of the fastest growing segments of the financial market industry, operating in over 75 countries through 300 institutions. While past literature has established the development of financial institutions as a determinant of economic growth, research on the correlation of the diffusion of Islamic banking with economic growth is limited. This study seeks to add to ...