depositors` behavior and economic condition leading to liquidity risk
... Indonesian Islamic Banking Development Islamic Banking Industry Indonesian Islamic banking industry1 has been growing promisingly since the establishment of the first Islamic bank in 1992. Lately, until end of 2007, there are three Islamic Commercial Banks (BUS) followed by 25 Islamic Banking Unit ( ...
... Indonesian Islamic Banking Development Islamic Banking Industry Indonesian Islamic banking industry1 has been growing promisingly since the establishment of the first Islamic bank in 1992. Lately, until end of 2007, there are three Islamic Commercial Banks (BUS) followed by 25 Islamic Banking Unit ( ...
Essays in Islamic Economic Philosophy4-224088
... Fourth in the series of Essays in Islamic Economic Philosophy published by the Pakistan Institute of Development Economics, this essay discusses the problem of riba (interest) in the framework of a dynamic Islamic economy. Since Islam is opposed to the institution of interest as a fixed rate of retu ...
... Fourth in the series of Essays in Islamic Economic Philosophy published by the Pakistan Institute of Development Economics, this essay discusses the problem of riba (interest) in the framework of a dynamic Islamic economy. Since Islam is opposed to the institution of interest as a fixed rate of retu ...
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... From among the modern thinkers only al-Afghani received the attention of Hanna (1967) who considered him a pioneer of Islamic socialism. In the third quarter of the twentieth century writers on economic thought covered a number of important economic ideas and institutions, such as, landed property a ...
... From among the modern thinkers only al-Afghani received the attention of Hanna (1967) who considered him a pioneer of Islamic socialism. In the third quarter of the twentieth century writers on economic thought covered a number of important economic ideas and institutions, such as, landed property a ...
Ummah Economic Remedy: Between Islamic Economics and
... holistic when it is concentrated only in the production and consumption of goods and services without considering its relation to politics? This paper attempts to find the answers to these questions. Based on literature review and textual analysis, this paper firstly re-evaluates the status of Islam ...
... holistic when it is concentrated only in the production and consumption of goods and services without considering its relation to politics? This paper attempts to find the answers to these questions. Based on literature review and textual analysis, this paper firstly re-evaluates the status of Islam ...
Constraints on Growth in Islamic Finance
... the global financial system, several countries are now in the race to become Islamic financial hubs, including established financial centres such as London, Hong Kong and Singapore. Encouraged by the growth of Islamic finance centres across the globe, new markets such as Luxembourg, South Korea and ...
... the global financial system, several countries are now in the race to become Islamic financial hubs, including established financial centres such as London, Hong Kong and Singapore. Encouraged by the growth of Islamic finance centres across the globe, new markets such as Luxembourg, South Korea and ...
Islamic Financial Development and Economic Growth
... Since the discovery of oil in the UAE more than 30 years ago, the country has undergone a profound transformation from an impoverished region of small desert principalities to a modern state with a high standard of living‡. The financial sector plays a growth promoting role, if it is able to direct ...
... Since the discovery of oil in the UAE more than 30 years ago, the country has undergone a profound transformation from an impoverished region of small desert principalities to a modern state with a high standard of living‡. The financial sector plays a growth promoting role, if it is able to direct ...
Inflation: Islamic and Conventional Economic Systems
... indexation. We will briefly cover these arguments. The scholars who are against indexation, e.g., argue that the indexation may harm the public. For example, when government bonds are indexed there should be an increase in taxes in order to finance the cost of indexation. This will hurt the general ...
... indexation. We will briefly cover these arguments. The scholars who are against indexation, e.g., argue that the indexation may harm the public. For example, when government bonds are indexed there should be an increase in taxes in order to finance the cost of indexation. This will hurt the general ...
“The Genesis of Islamic Economics” Revisited
... category of knowledge did not exist in the intellectual heritage of Islam". The economic teachings and maxims formed a considerable portion of Qur’ānic verses and Sunnah (the Prophetic traditions). The jurisprudential literature developed in early centuries of Islam had a number of chapters dealing ...
... category of knowledge did not exist in the intellectual heritage of Islam". The economic teachings and maxims formed a considerable portion of Qur’ānic verses and Sunnah (the Prophetic traditions). The jurisprudential literature developed in early centuries of Islam had a number of chapters dealing ...
Untitled
... unlimited "bounties of Allah" which provides the substenance to all creatures on earth including man. The unlimited "bounties of Allah" should be seen as unlimited opportunities provided to all for proper exploitation of which human efforts are called for. The fact is that the God-given resources be ...
... unlimited "bounties of Allah" which provides the substenance to all creatures on earth including man. The unlimited "bounties of Allah" should be seen as unlimited opportunities provided to all for proper exploitation of which human efforts are called for. The fact is that the God-given resources be ...
an epistemic definition of islamic economics
... Review of the literature The review of the literature and the observed pattern of development in Islamic economics and finance bring out the nature of its inherent rich shareholders’ wealth model. This picture presents a flawed and incorrect scenario of Islam and capitalism (Rodinson, 1978). Present ...
... Review of the literature The review of the literature and the observed pattern of development in Islamic economics and finance bring out the nature of its inherent rich shareholders’ wealth model. This picture presents a flawed and incorrect scenario of Islam and capitalism (Rodinson, 1978). Present ...
Economic Performance and Economic Growth in the Early Islamic
... I looked up this reference and discovered that Cahen never said any such thing. The term umma does not even appear anywhere in his chapter about the economy and institutions written for the Cambridge History of Islam, which Greif quoted. On the other hand, umma is mentioned in the previous chapter w ...
... I looked up this reference and discovered that Cahen never said any such thing. The term umma does not even appear anywhere in his chapter about the economy and institutions written for the Cambridge History of Islam, which Greif quoted. On the other hand, umma is mentioned in the previous chapter w ...
in MS PowerPoint Format
... •Remove the burden of interest on money from public life, finances and the banking system •Remove direct and indirect taxes as the sole source of government revenue and replace it with a system based on investment and growth •Do this by placing Islamic principles as the driving force behind economic ...
... •Remove the burden of interest on money from public life, finances and the banking system •Remove direct and indirect taxes as the sole source of government revenue and replace it with a system based on investment and growth •Do this by placing Islamic principles as the driving force behind economic ...
on opportunity cost and time value of money in
... Some institutions have only one murabahah agreement which is signed at the time of disbursement of money, or in some cases, at the time of approving the facility. This is totally against the basic principles of murabahah. It has already been explained in this article that the murabahah arrangement p ...
... Some institutions have only one murabahah agreement which is signed at the time of disbursement of money, or in some cases, at the time of approving the facility. This is totally against the basic principles of murabahah. It has already been explained in this article that the murabahah arrangement p ...
Jama`atu Ahlis Sunna Lidda`awati wal
... About 49.3% of Nigerians are Christian most of which are Protestant About 48.8% of Nigerians are Muslim most of which are Sunni Christian majority in the South while Muslim majority in the North ...
... About 49.3% of Nigerians are Christian most of which are Protestant About 48.8% of Nigerians are Muslim most of which are Sunni Christian majority in the South while Muslim majority in the North ...
`True Man`: The True Economic Man for Islamic Economics
... the real economy. Trendspotting in Islamic finance published research output indicates the After critically reviewing the extensive academic emergence of maqasid al-shariah (objectives works on Islamic economics, Mohamedy (2013) of the shariah) discourse to re-establish the finally concedes that IBF ...
... the real economy. Trendspotting in Islamic finance published research output indicates the After critically reviewing the extensive academic emergence of maqasid al-shariah (objectives works on Islamic economics, Mohamedy (2013) of the shariah) discourse to re-establish the finally concedes that IBF ...
redefinig economic systems as an islamic economic system
... As we are acquainted with the different economic system of the world and it has been observed that no economic system is perfectly working in order to fulfil the economic requirement and needs of the human being. The needs of human being doesn’t confined only with the fulfilment of food, shelter and ...
... As we are acquainted with the different economic system of the world and it has been observed that no economic system is perfectly working in order to fulfil the economic requirement and needs of the human being. The needs of human being doesn’t confined only with the fulfilment of food, shelter and ...
economy of pakistan: past, present and future
... Despite these positive outcomes and their impact on the business community and other stakeholders, within the country as well as abroad, the incidence of poverty is still quite high and unemployment rates are worrisome. The challenge therefore for the next phase of the reform process is to accelerat ...
... Despite these positive outcomes and their impact on the business community and other stakeholders, within the country as well as abroad, the incidence of poverty is still quite high and unemployment rates are worrisome. The challenge therefore for the next phase of the reform process is to accelerat ...
IBN KHALDUN: THE FORGOTTEN FATHER OF ECONOMICS?
... In Ibn Khaldun‟s theory of production, social organisation is essential. Individuals must work together to organise their production, even in agriculture. One person cannot produce enough food for one day on his own, as that food „could only be obtained only after much preparation such as grinding, ...
... In Ibn Khaldun‟s theory of production, social organisation is essential. Individuals must work together to organise their production, even in agriculture. One person cannot produce enough food for one day on his own, as that food „could only be obtained only after much preparation such as grinding, ...
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... and economic justice and also equitable distribution of income and wealth in society (SeyedJavadin et al, 2014). The market for Islamic banking has grown rapidly over the past few years, and this robust growth is expected to continue for the foreseeable future. In many markets, Islamic banking has e ...
... and economic justice and also equitable distribution of income and wealth in society (SeyedJavadin et al, 2014). The market for Islamic banking has grown rapidly over the past few years, and this robust growth is expected to continue for the foreseeable future. In many markets, Islamic banking has e ...
Macroeconomics within Islamic Framework (Advanced Level)
... • The economy consists of three markets: a market for goods, a money market and a capital market. • All real income goes to capital rather than being divided between capital and labor. • Banks are the only intermediaries. The savers deposit all their savings with the banks, and all investments in th ...
... • The economy consists of three markets: a market for goods, a money market and a capital market. • All real income goes to capital rather than being divided between capital and labor. • Banks are the only intermediaries. The savers deposit all their savings with the banks, and all investments in th ...
A Macro Model of Distribution in An Islamic Economy
... equality. One source of economic in equality is the private ownership of means of production. Although an individual's right to own property in an Islamic economy is not considered an absolute and unabridgable right and some restrictions may be imposed on it; it is also true that a significant porti ...
... equality. One source of economic in equality is the private ownership of means of production. Although an individual's right to own property in an Islamic economy is not considered an absolute and unabridgable right and some restrictions may be imposed on it; it is also true that a significant porti ...
Full Text - Journal of Islamic Banking and Finance
... Depending on the demands of the pious people as well as investors and finance figures who uphold Islamic precepts, interest in Islamic financial institutions becomes visible. As of 2010, the total amount of funds and assets held in Islamic financial institutions has increased by 15 pct to $700 billi ...
... Depending on the demands of the pious people as well as investors and finance figures who uphold Islamic precepts, interest in Islamic financial institutions becomes visible. As of 2010, the total amount of funds and assets held in Islamic financial institutions has increased by 15 pct to $700 billi ...
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... (PLS) arrangements or other acceptable modes of financing. Mudaraba and musharaka are the two profit-sharing arrangements preferred under Islamic law. ...
... (PLS) arrangements or other acceptable modes of financing. Mudaraba and musharaka are the two profit-sharing arrangements preferred under Islamic law. ...
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... but with an Islamic touch that requires a unique “filtration” process to select appropriate shares. The filtration process ensures that the mode, operation, and capital structure of each business the fund invests in are compatible with Islamic law, eliminating companies engaged in prohibited activit ...
... but with an Islamic touch that requires a unique “filtration” process to select appropriate shares. The filtration process ensures that the mode, operation, and capital structure of each business the fund invests in are compatible with Islamic law, eliminating companies engaged in prohibited activit ...
Islamic Economics and the Environment: Material Flow Analysis in
... services’ category. A central point is that activities relating to people’s livelihoods, and related social arrangements in the broad sphere of economics, are essential in all societies as people cope to facilitate physical existence and continuity in the face of limited resources and means. They ar ...
... services’ category. A central point is that activities relating to people’s livelihoods, and related social arrangements in the broad sphere of economics, are essential in all societies as people cope to facilitate physical existence and continuity in the face of limited resources and means. They ar ...