A November 2000 workshop organized by the International Islamic Center for Population Studies and Research, Al-Azhar University, Cairo, considered use of assisted reproduction technologies (ART) in the Islamic world. The workshop reinforced a 1997 recommendation that a Standing Committee for Shari'a Medical Ethics be constituted to monitor and assess developments in ART practice. Among issues t...

Each economy functions within a particular social framework, defined by its moral philosophy and legal system. What makes an economy Islamic is Sharīah, the moral/legal discourses of the classical fuqahā’, which defined the economy of classical Islam, shaped its micro and macro institutions, and modulated its actual performance. This economy, which was virtually effaced during the age of Europe...

The purpose of this empirical study is to analyze and compare the performance of Islamic and conventional banking in Pakistan and to find out which of the banking stream is performing better than other. For this study, sample of 22 conventional banks and 5 Islamic banks were selected. For in-depth understanding and sound comparison, key performance indicators were divided into external and inte...

Recently there has been a heightened global concern over ‘contagion’ in the conventional financial markets. Our study is motivated by the desire to test empirically whether this contagion is reflected in the fast growing Islamic financial markets as well. This study is the first attempt at testing whether there has been any contagion among the Shari’ah-compliant stock markets during the most re...

The purpose of this paper is to examine co-creation of non-economic values in Islamic banking services and their significance for service science by comparing Islamic and conventional banking services. Although many scholars have discussed co-creation of values in services, most of them have focused on only economic values. Following Sharia (Islamic principles that are based on Qur’an and Sunna...

The status of Islamic women varies in different Muslim countries, which interpret Islamic religion and law differently, especially with regard to their attitudes toward women. Most of these Islamic countries have specific beliefs about women and have restrictions concerning them. Gender stereotypes of Islamic women have their origin in the evolution of the Muslim religion. This is similar to th...

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 ...

Islam places the highest emphasis on ethical values in all aspects of human life. In Islam, ethics governs all aspects of life. Ethical norms and moral codes discernible from the verses of the Qur’an and the Hadith are numerous, far reaching and comprehensive. Islamic business ethics is essential for SME industry. The challenge of Islamic business ethics is to make that inevitable ethical decis...

Islamic banking is a growing phenomenon which came into existence to satisfy the nan-cial needs of devout Muslims who observe the prohibition of interest-based transactions. Many economists have studied the macroeconomic properties of this institution in the framework of an isolated and ideal Islamic economy. In this age of integrated global nancial markets, the instantaneous transformation of ...

Since the emergence of the civilization, poverty has been a big challenge and in present time, it is a worldwide spread problem. Poverty is an obnoxious situation when people are deprived from access to many things but most common of these are longevity (long and healthy life) health (adequate levels of health), nutrition (food), shelter (adequate housing), clothing, education, literacy, knowle...