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...

This paper investigates the question of whether the phenomenon of Islamic finance who based on Shariah, or Islamic law is truly globalizing and spreading as a universal system of finance and banking. The paper also addresses various aspects of the globalization for Islamic finance, among other, the issue of the rise of Islamic banking in the world, Islamic jurisprudence and finance, global stan...

Iran’s June 2009 elections set into motion four processes that are central to the operations of the Islamic Republic regime. They include: the growing gap between large sections of Iranian society from the Islamic Republican state; the steady militarization of the political system; the unprecedented degree to which the Supreme Leader has become an active partisan in the increasingly bitter poli...

1 M.Sc student, Science and Research Branch, Islamic Azad University, Tehran, Iran. 2 Department of Chemistry, Yazd Branch, Islamic Azad University, Yazd, Iran 3 Ph.D Student, Yazd Branch, Islamic Azad University, Yazd, Iran 4 Ph.D Student, Science and Research Branch, Islamic Azad University, Tehran, Iran. 5 Department of Chemistry, Science and Research Branch, Islamic Azad University, Tehran,...

it seems that in spite of huge investments made in history of iranian medicine in recent years, the investments and the perspective of results obtained in studies of history of the islamic era medicine is not what was expected. a reason for this phenomenon can be absence of perspective and theoretical studies in this field. in this study, after explaining the how’s and why’s of the theory devel...

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...

An ethical system must do two things: It must envision a particular way of life and it must work out a path to the realization of that way of life that is internally consistent, yet workable in the real world. Surprisingly, recent ecological ethics have failed to realize these two components of an ethical system. From Leopold's Land Ethic to Deep Ecology, no coherent ethical system was born. Mo...

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...

1Department of Ophthalmology, Valiaser Hospital; 2Nursing College, Birjand Medical University, Birjand, Islamic Republic of Iran. 3Department of Ophthalmology, Mashhad University of Medical Science, Mashhad, Islamic Republic of Iran. Received: 09/05/03; accepted: 20/10/03 ABSTRACT To investigate the possible relationship between hyperhomocysteinaemia and retinal vascular occlusion, we measured ...