There is a vast literature on regulatory, monetary and institutional aspects of traditional banking system. This is not true for the interest-free Islamic banking framework. In this paper, the functions and tools of central banking in an Islamic framework are evaluated, and suggestions for adapting and revising the currently used tools of central banking for the Islamic central banking are made...

In the wake of the September 11, 2001, terrorist attacks on the United States, the UN Security Council passed a resolution targeting transnational sources of terrorist funds. At least one offshore Islamic bank was shut down, and American officials, ignorant about Islamic finance, viewed any “Islamic” bank with heightened suspicion. The Bush Administration targeted Al-Baraka in particular, confu...

The role of entrepreneurs in generating the economy is very important. Thus, nurturing entrepreneurship skills among society is very crucial and should start from the early age. One of the methods is to teach through game such as board game. Game provides a fun and interactive platform for players to learn and play. Besides that as today’s world is moving towards Islamic approach in terms of fi...

Replacement of the traditional interest based credit system with an Islamic credit system was one of the fundamental changes in Iran since 1979. The Islamic credit system, offers the prospect of risk sharing between the borrower and the lender. Small farmers are likely to be risk averse and they are reluctant to go heavily into debt in order to finance investments in new technology and capital ...

Acts of terrorism carried out by the Abu Sayyaf Insurgent Group and Maute Clan in Marawi region which was later called Battle involved IS (Islamic State) terrorist organization occupying region, capital Lanao del Sur Province on South Mindanao Island, Philippines. The fighting quickly spread to various parts city then showed presence an increasing threat extremism that occurred Southeast Asia. ...

Islamic Counselling: An Introduction to Theory and Practice by G. Hussein Rassool successfully differentiates Islamic counseling theory from a wide range of mainstream therapeutic models such as psychoanalytic, humanistic, cognitive–behavioral, and solutionfocused approaches. It serves as an introductory guide to support academics, clinicians, paraprofessionals, and students in the understandin...