Islamic banking

had very negative impact on Islamic culture. An argument can be made to say that the Crusades may have caused Islam to enter into a downward spiral from which it still has not been able to recover. How Islam Benefited Europe Although the Crusades turned out badly in generally for much of Christian Europe, there were some changes that benefitted development. For example, Crusaders could not travel with all their money on their person. This is what led to the modern banking system. Crusaders…

out by Islamic terror groups, the Muslim population developed a negative reputation as they commonly are associated with the violence. The entirety of Islam followers is lambasted by others for the actions of a few sects of radical, extremists even though most of them are unsupportive of their actions. The cause for Muslim’s opposition to the terrorism developed from the Quran. While the Islamic terrorist groups vow their jihad is for their god, their mission conflicts…

13). Corporate social responsibility in Islamic perspective is derives itself from core principles in the holy Qur’an. There are three major fundamentals principles for Islamic CSR are; the vicegerency of mankind on earth, divine accountability and the duty on mankind to enjoin and forbid evil. There will be differentiation between Islamic Financial Institutions (IFI’s) and Conventional Financial Institutions (CFI’s) in terms of CSR…

obfuscate, lie, disguise or withhold relevant information.” (Bashar, 1997). A price does not need to be fair or just in order to be valid legally. An invalid price goes against the consensus reached in Islamic Law. An invalid price arises from a price that is a deliberate attempt of going against Islamic Law. Therefore, prices arising from coercion, bid rigging and the sale of a good that has asymmetric information between the buyer and seller are invalid. Once a price is established to be valid…

its enemies. These two organizations can be differentiated and accessed by understanding the root of Salafism and Shiism. Salafism, is fundamentalist approach to Islam, with Prophet Mohammad as their leader. They shun bid’ah, and support Sharia (Islamic law)4 (Alexandria and Amman, The Economist. 27 June 2015) Looking at the nass- known, or clear, legal injunction5 (Sachedina 1981: 137) and the apparent side is the basic stand to understand the faith. Their religious texts that are Quraan and…

It has evolved into a holistic political party that has a military wing and “social welfare” front. Sheikh Yassin of the Egyptian faction of the Islamic Brotherhood founded it in 1987. It emerged as a branch of the Brotherhood after the first Intifada (Palestinian resistance against Israeli invasion in Gaza and west bank). Dawah, its social welfare front carried out social work by providing free medical…

influence has been their largest roadblock to establishing an Islamic nation. Al-Qaeda believed the best way to drive the U.S. out of the region was to carry out a crusade of jihad to inflict economic, political, and physical damage to U.S. forces. Once successful, al-Qaeda would establish Islamic rule and expand their jihad around the region. Ultimately, they wish to join all of the Islamic states and establish a Caliphate in the Islamic…

sustained participation in the North Atlantic Treaty Organization (NATO), as well as recommitment to Article 5 membership support.11 (NSS p.25) In the Middle East and Africa, the U.S. leads a coalition of key stakeholders to defeat al Qaeda and the Islamic State of Iraq and the Levant (ISIL). Further investment in Africa’s future entails…

treasure along with their fighting abilities, they became so rich and powerful that they at one point became the controllers of the Western military, and they were powerful enough to defy all but the King. Often Credited as the inventor of today’s banking system; at one point Templar became…

Whiteness was not open to all nationalities in the turn of the century. In fact, according to “The House We Live In” those who we would deem “white” today were also seen as laborers; Slavs, Islamic and Jews are a few of the groups which were not seen as white upon migration. White being the most powerful race was found at the top of the hierarchy while blacks, along with the other non – white groups were laborers working in factories and other…