Muhammad ayub understanding islamic finance phần 3 potx

... channels that eventually lead to injustice. 53 53 For further details on Islamic law see: Hassan, 19 93; Qadri, 19 63, pp. 97–1 13. 122 Understanding Islamic Finance loan, gift, donation, Waqf, or contracts ... practitioners to apply the Islamic law of contracts in modern-day operations. 32 Ibnul Qayyim, 1955, 3. 33 Zuhayli, 20 03, 1,p.74. 34 For details see Zuhayli, 20 0...

Ngày tải lên: 09/08/2014, 16:21

... of Insurance 430 17 An Appraisal of Common Criticism of Islamic Banking and Finance 433 17.1 Introduction 433 17.2 The Common Myths and Objections 433 17 .3 Appraisal of Conceptual Criticism 436 17 .3. 1 ... 57 3. 2 .3 Prohibition of Maisir/Qim ¯ ar (Games of Chance) 61 3. 3 Business Ethics and Norms 64 3. 3.1 Justice and Fair Dealing 64 3. 3.2 Fulfilling the Covenants and Payi...

Ngày tải lên: 09/08/2014, 16:21

... Ali, 1989, p. 115. 13 Ahmad, 1995. For a rejoinder to this paper, see Journal of Islamic Banking and Finance, Karachi, January–March, 1996, pp. 7 34 . 36 Understanding Islamic Finance 4. The entrepreneur ... n.d. 35 Al-Dhareer, 1997, p. 10; cf Ibn Abideen, n.d., iv/147. 36 Ibn Hazn, 1988, 8, pp. 34 3, 38 9, 439 . 37 Al-Dhareer, 1997, pp. 10, 11. 38 Referring to selling t...

Ngày tải lên: 09/08/2014, 16:21

... apply the Islamic law of contracts in modern-day operations. 32 Ibnul Qayyim, 1955, 3. 33 Zuhayli, 20 03, 1,p.74. 34 For details see Zuhayli, 20 03, pp. 71, 72. 112 Understanding Islamic Finance 5.5.4 ... two 41 Al-Atasi, 14 03 AH, Majallah, Article 37 1. 42 Mansoori, 2005, pp. 87–89. Also see for detail Zuhayli, 20 03, 1, pp. 139 –144. 43 Mansoori, 2005, pp. 90–94. 98 Und...

Ngày tải lên: 14/08/2014, 05:20

... profits. 5 http://www.kfh.com/english/index.asp. 6 http://www .islamic- commerce.net/index.php?name=News&file=article&sid =33 1. Financing Principles and Practices 36 3 It is, on the other hand, suicidal in Islamic finance, mainly because an Islamic ... working capital finance, trade finance, consumer finance and project finance to public and private sector entities throug...

Ngày tải lên: 14/08/2014, 05:20

... pp. 82–92. 89 Al Jaziri, 19 73, pp. 33 9, 34 0, 35 7 36 2; Tirmidhi, 1988, Nos 1268, 1269, pp. 13 15, 16. 90 Al Jaziri, 19 73, pp. 34 3 34 5. 160 Understanding Islamic Finance of all such commodities that ... Hazm, 1988, 7, p. 467, No. 1506. 32 Ibn Qudama, 136 7 AH, 4, pp. 31 9 32 1. 33 Ibid. Part III Islamic Finance – Products and Procedures Trading in Islamic Commercial...

Ngày tải lên: 09/08/2014, 16:21

... the Islamic banks purchase only those goods for which they receive requisition from their clients. 37 AAOIFI, 2004–5a, p. 121. 38 AAOIFI, 2004–5a, clause 3/ 1/1, pp. 117, 130 . 194 Understanding Islamic ... Hayes, 1998, pp. 156–164, 220– 232 , 281, 282. 28 Buffet, 20 03. 226 Understanding Islamic Finance The above structure involves the following stages/steps: pre-promise...

Ngày tải lên: 09/08/2014, 16:21

... Ijarah, clauses 3/ 3, 3/ 6, pp. 140, 152. 13 Zuhayli, 20 03, p. 39 1; Al-Kasani, 19 93, p. 465. 14 Holy Qur’ ¯ an, 65: 6. 15 Al-Kasani, 19 93, p. 471. 16 Al-Kasani, 19 93, pp. 475–4 83. Forward Sales: ... 14 03 AH, Majallah, Articles 405, 420, 421; Zuhayli, 20 03, 1, pp. 38 6, 38 7; Qastalani, 130 4 H, IV, p. 124. 2 Al-Kasani, 19 93, 4, pp. 452–457. 3 Al-Kasani, 19 93, 4, pp. 552–5...

Ngày tải lên: 09/08/2014, 16:21

... 000.0 1 6666.67 4666.67 11 33 3 .33 119 7 93 333 .3 2 6666.67 4627.78 11 294.44 118 786 666.7 3 6666.67 4588.89 11 255.56 117 780 000.0 4 6666.67 4550.00 11 216.67 116 7 73 333 .3 5 6666.67 4511.11 11 ... practice 92 Al-Kasani, 19 93, 4, p. 4 93. 93 For details, see Usmani, 2000b, pp. 36 3 36 8. 94 Usmani, 2000a, pp. 91, 92. 95 Ibn-Qudama, 136 7 AH, 6, p. 137 ; for details see Usma...

Ngày tải lên: 09/08/2014, 16:21

... which: 36 4 Understanding Islamic Finance — the interest income ratio is more than (5) %; — the debt ratio (leverage) is more than (10 33 ) %; — total illiquid assets are less than 10 33 % of its ... extended to the Musharakah pool. 36 8 Understanding Islamic Finance 3. An evaluation of the performance of the bank in monitoring and controlling the enterprises it finances by way...

Ngày tải lên: 09/08/2014, 16:21