This paper explores some of the issues that arise in the regulation of Islamic capital market products and services. As many of the products are distributed to retail clients by Islamic banks and through the Islamic windows of conventional banks, it is also pertinent to deal with the regulation of these institutions, not least because of the distinctive liability and asset structures of Islamic...

the author trys to investigate and study principles, objectives and nature of islamic government foreign policy within imam ali's school of thoughts. the focus is that which one, peace or war is the basis of his thought on the external affairs of a state. since he believes that peace and war are product of innate disposition and the original human nature both of them, are governing princip...

all of religions free towards society in Kazakhstan. Considering that Islam is more widespread religion in the region, Islamic industry is developing sector of Economy. There are some new sectors of Halal (Islamic) industry, which have importance for state developing on the whole. One of the youngest sectors of Halal industry is Islamic tourism, which became an object of disputes and led to dil...

Muslims’ aspiration to have an international or global Islamic calendar has long been discoursed through various meetings nationally and internationally. In this context, Malaysia played imperative role the “World Conference on International Calendar” 29 Rabiul Awal-2 Akhir 1412 H/8-10 October 1991 at Science University of (USM) Penang. This meeting instigated programs steps towards unification...

the exchange rate unification is one of the most important instruments of economic adjustment, which is used in many countries. this paper shows the effects of the exchange rate unification on price level (inflation), gross domestic production (gdp), non-oil exports, private conception, government expenditure and stock of money. the data, is used related to the period 1959-2000. to analyze the ...

This paper reviews the progress of Islamic banking from both theoretical and practical aspects. It highlights the basic principles on which Islamic banking is based and describes the operational details of Islamic banks. It mentions some of the misgivings with respect to the viability of Islamic banking and evaluates them objectively. It highlights the effects of Islamic banking on savings, inv...

Four options for assigning a meaning to Islamic Logic are surveyed including a new proposal for an option named Real Islamic Logic (RIL). That approach to Islamic Logic should serve modern Islamic objectives in a way comparable to the functionality of Islamic Finance. The prospective role of RIL is analyzed from several perspectives: (i) parallel distributed systems design, (ii) reception by a ...

Islamic banking is currently one of the fastest growing segments of the financial market industry, operating in over 75 countries through 300 institutions. While past literature has established the development of financial institutions as a determinant of economic growth, research on the correlation of the diffusion of Islamic banking with economic growth is limited. This study seeks to add to ...

This article examines the unique risks associated with Islamic financial institutions and the secular state’s reticence to directly regulate their religious dimension. It argues that the state’s method of regulating the Islamic financial industry ignores special reputational risks associated with the religious and cultural distinctiveness of Islamic banks. The Financial Services Authority (FSA)...

one of the ways to be informed on the extent of activities in various industries is to measure the rate of nominal protection. this paper tries to calculate the nominal and effective protection in order to examine the exchange rate unification impacts on the protection of pulp and paper industries with the aim of performing the exchange rate unification policy. therefore, nominal protection rat...