a r t i c l e i n f o The Dow Jones Islamic Market indices (DJIMI) are constructed by screening out stocks that are incompatible with Islam's prohibition of interest and certain lines of business. However, as a blunt instrument, the interest rate can affect discounted cash flows of any firm, even a firm with no financial leverage. This study reveals that the aggregate portfolio of Islamic stock...

Al Haram Al Shrif in Makkah is the holiest spot on the earth to Muslims. Every year about 14 million people are visiting the place from around the world, this number is increasing over the coming years. No author so far has been able to offer a fundamental study on its patterns, although there are many studies on Islamic patterns on other Islamic sites like Al Hambra and Al-Andolothia Mosque in...

In a world in which the intellect has become synonymous with reason and intuition with a “biological” sixth sense concerned with foretelling future events, it becomes difficult to understand what intellect and intuition, these two key faculties upon which knowledge is based, can mean in the context of Islamic thought. To understand the meaning of these terms in the traditional Islamic universe ...

Sunnism constitutes eighty percent of the Islamic world. The most academic and renowned religious seminary in the Sunni world is Al-Azhar University in Egypt, and it is from here that most verdicts on novel issues such as human cloning are decreed and disseminated throughout the Islamic and non-Islamic worlds. The perspective of this seminary and of other significant Sunni jurisprudential counc...

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...

Islamic banking is one the most blossoming doctrine in economic system of the world. The Fast growing awareness about Islamic financial system has brought strong feeling to Muslims to confront the western interest-based economic cycle. The Islamic economic system is emerging as a reliable alternative to the interest based system. This study is proposed to ascertain the motivational factors enco...

6th century BCE, probably as part of the expansion into the region of the Persian Achaemenid Empire. Lying on one of the main branches of the ancient Silk Roads, which connected Europe and Africa to the Far East, a succession of cities flourished. By the early medieval period these encompassed over 1,000ha (Fig. 1). The great Islamic city of Sultan Kala, capital of the eastern Islamic world, wa...

Islamic bioethics is in good health, this article argues. During the twentieth century, academic researchers had to deal with a number of difficulties including the scarcity of available Islamic sources. However, the twenty-first century witnessed significant breakthroughs in the field of Islamic bioethics. A growing number of normative works authored by Muslim religious scholars and studies co...

Seyyed Hossein Nasr is University Professor of Islamic Studies at George Washington University, and one of the most important and foremost scholars of Islamic, Religious, and Comparative Studies in the world today. In this interview by Adeel Khan, Managing Editor of the journal Religions-Adyān, and Patrick Laude, Professor at the Georgetown University School of Foreign Service in Qatar, Nasr el...

The call of giving all subscribers a greater opportunity in the Islamic banking systems is well documented in the literature of the first decade of this millennium. Many banks and financial institutions across the world have attempted to implement programs aiming at increasing the customer’s involvement in terms of investment and financing with varying degrees of success. The study describes th...