Muhammad ayub understanding islamic finance phần 9 ppsx

... While Islamic banking emerged in the 196 0s and early 197 0s, Islamic insurance started no earlier than 197 9. This reveals that the Takaful system developed in response to demand for risk cover by Islamic ... means negation of time value of money; therefore, they argue that either Islamic 2 See Maududi, 198 2– 199 1, 1, pp. 382, 383 (4: 92 ). An Appraisal of Common Criticism 443 Pre...

Ngày tải lên: 09/08/2014, 16:21

... time value of money; therefore, they argue that either Islamic 2 See Maududi, 198 2– 199 1, 1, pp. 382, 383 (4: 92 ). 422 Understanding Islamic Finance 16.3.1 Main Objective of the Takaful System The ... While Islamic banking emerged in the 196 0s and early 197 0s, Islamic insurance started no earlier than 197 9. This reveals that the Takaful system developed in response to deman...

Ngày tải lên: 14/08/2014, 05:20

... role from being an accumulator to that of a distributor. In Islamic finance it has become a stimulating factor, 404 Understanding Islamic Finance of aluminium on the basis of Salam at a future date. ... SERVICES/BUSINESS The major players in the finance industry include Islamic commercial banks, Islamic invest- ment banks and other non-banking Islamic financial institutions,...

Ngày tải lên: 09/08/2014, 16:21

... the 4 Al-Marghinani, 195 7, p. 282. 5 Ibn Qudama, 195 8, 4, p. 1 79; Al Jaziri, 197 3, pp. 5 59 564. 6 Malik, 198 5, pp. 424, 425. 7 Al Jaziri, 197 3, p. 5 59. 8 Al-Hilli, 13 89 AH, p. 40. 9 Al-Kasani, 199 3, 5, p. ... the fulfilment of relevant conditions. 10 Hasanuz Zaman, 199 0 (1410 AH), pp. 69 88. 11 Siddiqi, 199 1, pp. 21–34. 206 Understanding Islamic Finance sometimes a speci...

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... Publication Data Ayub, Muhammad, 195 1– Understanding Islamic finance / Muhammad Ayub. p. cm. — (Wiley finance series) Includes bibliographical references and index. ISBN 97 8-0-470-030 69- 1 (cloth : ... in Islamic Finance 89 4.7 Money, Monetary Policy and Islamic Finance 90 4.7.1 Status of Paper Money 91 4.7.2 Trading in Currencies 91 4.7.3 Creation of Money fr...

Ngày tải lên: 09/08/2014, 16:21

... Qur’ ¯ an by Ali, 198 9, p. 115. 13 Ahmad, 199 5. For a rejoinder to this paper, see Journal of Islamic Banking and Finance, Karachi, January–March, 199 6, pp. 7–34. 36 Understanding Islamic Finance 4. ... strong.” 30 28 For details see Siddiqi, 198 1, pp. 47–51, Ahmed, 196 7, pp. 171– 196 . 29 Zaman and Zaman, 2001, p. 71 (quoting from Blaisdell, 192 9). 30 Robertson, 199 0, pp. 1...

Ngày tải lên: 09/08/2014, 16:21

... says: 20 For details, see Usmani, 199 9, pp. 110–114. 21 See, Maududi, 198 2 / 199 1, 1, pp. 382, 383 (4: 92 ). 22 Shariat Appellate Bench, 2000, pp. 593 – 596 . Islamic Law of Contracts and Business ... eventually lead to injustice. 53 53 For further details on Islamic law see: Hassan, 199 3; Qadri, 196 3, pp. 97 –113. 122 Understanding Islamic Finance loan, gift, donation, Waqf,...

Ngày tải lên: 09/08/2014, 16:21

... 147. 89 Jassas, 199 9, 2, pp. 562–565; Baihaqi, 1344 H, 6,p.40. 90 Jassas, 199 9, 2, p. 555. 91 Al Sarakhsi, n.d., XI,p.64. 92 Ibn Qudama, 1367 AH, 4, p. 383. Trading in Islamic Commercial Law 1 49 be ... 135. 88 Usmani, 2000a, pp. 82 92 . 89 Al Jaziri, 197 3, pp. 3 39, 340, 357–362; Tirmidhi, 198 8, Nos 1268, 12 69, pp. 13–15, 16. 90 Al Jaziri, 197 3, pp. 343–345. 160 Underst...

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... have 13 Udovitch, 197 0, p. 220. 14 Al-Jaziri, 197 3, p. 564; AAOIFI, 2004–5a, p. 128. 15 Al-Marghinani, 195 7, p. 282; Shaybani, 195 3, pp. 155, 156. 16 Al-Jaziri, 197 3, pp. 564, 565; Saleh, 198 6, p. 96 . Murabaha ... is then transferred to a separate account. Islamic equity funds experienced excellent growth during the late 199 0s. In 199 6, for example, there were 29 Islamic equity...

Ngày tải lên: 09/08/2014, 16:21

... 388; see also Jassas, 199 9, 2, p. 395 ; AAOIFI, Standard on Ijarah, clause 5/1/1, pp. 142, 153. 9 Ibn-Hazm, 198 8, 8, pp. 182–183. 10 Zuhayli, 2003, p. 402. 11 Al-Kasani, 199 3, 4, p. 458. 12 AAOIFI, ... 3/3, 3/6, pp. 140, 152. 13 Zuhayli, 2003, p. 391 ; Al-Kasani, 199 3, p. 465. 14 Holy Qur’ ¯ an, 65: 6. 15 Al-Kasani, 199 3, p. 471. 16 Al-Kasani, 199 3, pp. 475–483. Forward Sales: Salam a...

Ngày tải lên: 09/08/2014, 16:21