The concept of Islamic or Shariah-compliant finance is based on core tenets of Islam concerning property rights, social and economic justice, wealth distribution, and governance. One of the key features of the system is prohibition of riba (interest) and gharar (ambiguous contracts or deals) (Kabir and Mahlkrecht 2011, 74; El-Gamal 2009, 58–60). There is consensus among scholars that the prohib...

1Department of Environmental Science, Faculty of Environment and Energy, Tehran Science and Research Branch, Islamic Azad University, Tehran, Iran 2Department of Environmental Engineering, Faculty of Environment and Energy, Tehran Science and Research Branch, Islamic Azad University, Tehran, Iran 3Department of Management, University of Tehran, Iran 4Department of Environmental Science, Faculty...

The purpose of this study is to calculate and examine the Islamic banks operating efficiency in Pakistan. It consists of 04(four) full-fledged Islamic Banks of Pakistan. The results of Liquidity & Profitability ratios and stochastic frontier approach using data of 2004 to 2011 showed positive patterns with respect to ROE, ROA and NPR. According to the achieved results, Meezan Islamic Bank can b...

Marwan Saad Azzubaidi *, Anil Kumar Saxena , Ahmed Ghazi Alattraqchi 3 and Abualrahman Mohammed Abdualkader 4 1 Department of Basic Medical Sciences, Faculty of Pharmacy, International Islamic University Malaysia, Kuantan, Malaysia. 2 Department of Basic Medical Sciences, Faculty of Medicine, International Islamic University Malaysia, Kuantan, Malaysia. 3 Biochemistry Unit, Faculty of Medicine,...

... [T]he manner in which an act was qualified as morally good or bad in the spiritual domain of Islamic religion was quite different from the manner in which that same act was qualified as legally valid or invalid in the temporal domain of Islamic law. Islamic law was secular, not canonical... Thus, it was a system focused on ensuring that an individual received justice, not that one be a good...

Discussions pertaining to the various Islamic dimensions are actively being undertaken in the media. Within the academic circle, journal articles are accepted as an effective media in the dissemination of knowledge. Articles with Islamic perspectives can be found in disciplines that include Medicine, Banking, Economics and Finance. However, there is little to suggest of the types and frequencie...

Whilst E-Commerce is spreading world-wide, many Muslims are wondering whether this new form of commerce is acceptable from the Syariah (Islamic Law) point of view. Thus, this research paper is meant to study the Islamic perspectives in e-commerce, particularly in its transaction, as well as the rights of the producers and customers. Issues on the legality of E-Commerce in Islam are examined to ...

A number of states have proposed initiatives or implemented laws that prohibit state courts from applying, considering, or interpreting foreign law, and in particular, Islamic law. The constitutionality of anti-Sharia legislation is in question. Its proponents claim that the Sharia ban protects state and federal constitutional rights, whereas its opponents claim that the ban infringes on the re...