Since the introduction of Islamic bank, the intense competition in the banking industry has been increased exponentially. Islamic banks are not only competing among other Islamic banks providers but also with conventional banks which have offered Islamic windows as an alternative to their customers. As many banks started to offer Islamic banking services/products to the customers, one of the im...

Conventional credit card transactions are not consistent with Islamic principles, as exemplified by the Islamic banking system and the ‘Murabaha sale’. On the other hand, EMV-compliant IC (Integrated Circuit) cards have been developed to secure traditional Point of Sale (POS) transactions. Thus, if Islamic principles are to be applied to card payments, a new and secure card payment process is r...

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...

A fund manager has to abide by a set of business and financial parameters before selecting and including a particular stock in an Islamic fund portfolio. There are various Islamic screening methods followed by stock indices and banks, namely Dow Jones Islamic Market Index (DJIMI), FTSE Global Islamic Index Series, S&P 500, MSCI (Morgan Stanley Capital International) and Accounting and Auditing ...

The early models of Islamic banks are based on partnership of mudharaba and musharaka (profit-loss sharing) structure. Such equitybased financing are perceived to be superior to conventional financing from the standpoint of robustness to external shocks and from the standpoint of ethics, fairness and social justice. Where profit-loss sharing mechanisms cannot be used, Islamic banks provide othe...

i hp; medical man who wishes to gain a clear idea of the broad foundations upon which modern medicine and surgery are based should read two great books which are almost twin classics; Rene Vallery Radot's Life of Pasteur" (English translation by Mrs. Devonshire), and Sir Rickman Godlee's "Lord Lister," the re-appearance of which in a third edition we cordially welcome. Both are finely written s...

1Department of Cardiovascular Surgery, Imam Ali Cardiovascular Centre, Kermanshah University of Medical Sciences, Kermanshah, Islamic Republic of Iran. 2Department of Pathology, Faculty of Medicine, Kermanshah University of Medical Sciences, Kermanshah, Islamic Republic of Iran. 3Yazd Cardiovascular Research Centre, Shahid Sadoughi University of Medical Sciences, Yazd, Islamic Republic of Iran ...

Touraj Banirostam, Kamal Mirzaie, Mehdi N. Fesharaki Department of Computer Engineering, Central Tehran Branch, Islamic Azad University, IRAN Email: [email protected] Department of Computer Engineering, Maybod Branch, Islamic Azad University, IRAN Email: [email protected] Department of Computer Engineering, Science and research Branch, Islamic Azad University, IRAN Email: fesharak...