ECONOMIC SYSTEM

Dr.Imamul Haque, Associate Professor, Department of Commerce, Aligarh Muslim University & Fayaz Ahmad Lone, Research Scholar, Department of Commerce, Aligarh Muslim University, Aligarh, India   © Islamic Finance Today   Islamic banking and finance is one of the fastest growing industries in the world today. Surveys reveal that it is growing at a phenomenal rate of 20 percent worldwide – …

© Islamic Finance Today Nafis Alam is currently attached to the School of Business at Monash University Sunway campus, where he works as Lecturer (Islamic Finance) and has also embarked on a PhD program in Islamic Finance. Nafis has co-authored the ?Encyclopedia of Islamic Finance? which is a first of its kind. Islamic banks operating under the guided principles of …

© Islamic Finance Today Muhammad Ayub is the Author of a well known work on Islamic Finance Understanding Islamic Finance (2007). He is the Former Head of Islamic Banking, National Institute of Islamic Banking and Finance (NIBAF) and Senior Joint Director, Islamic Banking Department, State Bank of Pakistan Corporate Finance’ is related to the relationship between business decisions and the …

© Islamic Finance Today Shaukat  Amer is Assistant Professor of the Department of    Management Sciences, COMSATS Institute of Information Technology,  Attock Campus –Pakistan. He has spoken and written  extensively on Islamic  Accounting  Theory and Principles and on Corporate Governance based on Islamic Valuese Today at a time of economic and financial crises, it is high time that we revamped present …

Although the Islamic mode of banking is mandated and adopted by the Islamic Republics of Iran , Pakistan and Sudan, the supply of innovative Shari’a -compliant products has been primarily led by the private sector .In fact , private Islamic banks as a group are becoming some of the largest private -sector financial institutions , with growing networks through branches …

The universal nature of these principles is immediately apparent even at a cursory glance of Non Muslim literature . Usury was prohibited in both the Old and New Testaments of the Bible , while Shakespeare and many other writers , particularly those writing in the 19th century ,have attacked the barbarity of the practice .Much of the morality championed by …