The problem of the current research has been represented by the lack of studies on the foundations of forming the proportional relations in the Islamic architecture. The objective of the study was defined in an attempt to reveal the concepts and the items of the system of proportional relations in the Islamic architecture. The proportion in architecture either derived from the mathematical matr...

The purpose of this study is to investigate whether cooperative learning can maximize the effectiveness of webQuest used as a medium in teaching and learning in Islamic education. The present study also examined the perception of students towards WebQuest and cooperative learning method. Muslim students were selected from a rural school in Penang, Malaysia. Quantitative and qualitative approach...

Islamic banks face restrictions in refinancing due to the guidelines of the Shari ́ah prohibiting financial contracts and transactions based on interest, gambling and speculation as same as due to the lack of liquidity sources such as an interbank market, a lender of last resort or an asset market. This is the first study with empirical cross-country results focusing on liquidity transformation ...

In the Western world, consumers complain about the soaring of non-interest bank fees during the recent years, the post global financial crisis in particular. Commercial banks charge a variety of non-interest fees for their transactions. This paper empirically tests whether the free charges are significantly different between conventional commercial banks and interest free Islamic banks. The ave...

The rule of law entails government accountability, equal access to justice and the political process, efficient judicial and political systems, clear laws, generally stable laws, and the protection of fundamental human rights. This paper explores whether Islamic law conforms to these principles in theory and in practice. Three conclusions are reached. First, various early Islamic institutions w...

Muslims living in the Indonesian archipelago have long placed considerable importance on their travels to and communications with what they saw as intellectual centers for the study of Islam. I trace some of the effects of these “intellectual pilgrimages” to Mecca, Cairo, and elsewhere on Indonesian deliberations about Islam, particularly concerning Islamic law. I argue that these references to...

Islamic finance is a prohibition-driven industry, aiming to avoid the prohibitions of riba and gharar. It is well accepted in Islamic jurisprudence that riba and gharar do not affect the legal validity of non-commutative financial contracts (e.g. gifts). Jurists have long viewed this as a potential solution to the problem of gharar in commercial insurance, proposing mutual insurance as a non-co...

A. JAFARIAN1, P. GHADERI2, ALIREZA K. GOLMANKHANEH3, D. BALEANU4,5,6 1Department of Mathematics, Uremia Branch, Islamic Azan University, Uremia, Iran E-mail: [email protected] 2Department of Mathematics, Uremia Branch, Islamic Azan University, Uremia, Iran E-mail: [email protected] 3Department of Physics, Uremia Branch, Islamic Azan University, P.O.BOX 969, Uremia, Iran E-mail: alir...

The economic and financial chaos caused by COVID-19 has been a discussion topic since the beginning of 2020. This study intends to provide parallel comparison volatility change external shock persistence Islamic conventional stock indexes Pakistan Stock Exchange. daily index was extracted from Eikon Thomson Reuters for Jan 2018 April 2021, which further divided in three periods, i.e., full, pre...