The notion of " Islamic finance " was born during the tumultuous identity-politics years of the mid-twentieth century. Indian, Pakistani, and Arab thinkers contemplated independence from Britain, and independence of Pakistan from India, within a context of " Islamic society. " Islam was assumed to inspire political, economic, and financial systems that are distinctive and independent of the Wes...

Although Motahari is not a political thinker but analyzing his political ideas and believes amongst the ideas of Iranian political thinkers in the last 5 decades is indeed essential because Motahari’s political standpoint has a key role in Islamic revolution of Iran. This paper regards Motahari''s vision to his time and studies his writings according to the questions he faced and posed in his t...

This paper aims to examine e-business from Islamic perspectives. Among topics to be addressed in this paper, are e-business concepts, the legality of e-business from an Islamic point of view, prospects and challenges of Islamic e-business in a Malaysia context. This study introduces an Islamic e-business concept in addition to some interesting issues that can be found in this paper. In Islam, e...

This research examined the hypothesis that people judge as true those claims aligned with normative content of their salient social identities. In Experiment 1a, participants’ identities were manipulated by assigning them to ‘inductive-thinker’ and ‘intuitive-thinker’ groups. Participants subsequently made truth judgements about aphorisms randomly associated ‘science’ ‘popular wisdom’. Those in...

The aim of this paper is to evaluate the nature and changes of market concentration in the Malaysia’s Islamic banking due to the restructuring of Islamic banking industry within the liberalization wave in the banking market. A total of 17 Islamic banks operating over the period of 2000-2010 had been considered. The structural approach framework was used to evaluate the nature and changes of mar...

In this article, we analyze the application of options contract in the special commodity supply chain such as fresh agricultural products. This problem is discussed from the point of the retailer. When spot market and future market are both available, we discuss how the retailer chooses the optimal production. Furthermore, overconfidence is introduced to the supply chain of the fresh agricultur...

The foundations of ethical principles in the Eastern Mediterranean Region can be found within the 3 major religions of the Region; Judaism, Christianity and Islam. Today, there are numerous ethical issues that have emerged as result of the technological advances of the 20th century and this paper addresses some of those related to biomedical research. The Islamic principles in relation to medic...

This paper examines the issue of gender equality within Islam in order to develop an ethical framework for businesses operating in Muslim majority countries. We pay attention to the role of women and seemingly inconsistent expectations of Islamic and western societies with regard to appropriate gender roles. In particular, we contrast a mainstream western liberal individualist view of freedom a...