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This book provides an overview of the practice of Islamic finance and the historical roots that define its modes of operation. The focus of the book is analytical and forward-looking. It shows that Islamic finance exists mainly as a form of rent-seeking legal-arbitrage. In every aspect of finance - from personal loans to investment banking, and from market structure to corporate governance - Islamic finance aims to replicate in Islamic forms the substantive functions of contemporary financial instruments, markets, and institutions. By attempting to replicate the substance of contemporary financial practice using pre-modern contract forms, Islamic finance has arguably failed to serve the objectives of Islamic law. This book proposes refocusing Islamic finance on substance rather than form. This approach would entail abandoning the paradigm of 'Islamization' of every financial practice. It would also entail reorienting the brand-name of Islamic finance to emphasize issues of community banking, micro-finance, and socially responsible investment.
The contents of this volume are extremely significant: The specific events in this earliest period set precedents for what later became established Islamic practice. The book deals with the history of the Islamic community at Medina during the first four years of the Islamic period--a time of critical importance for Islam, both as a religion and as a political community. The main events recounted by Ṭabarī are the battles between Muḥammad's supporters in Medina and their adversaries in Mecca. Ṭabarī also describes the rivalries and infighting among Muḥammad's early supporters, including their early relations with the Jewish community in Medina.
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Some Muslims believe insurance is unnecessary, as society should help its victims. Muslims can no longer ignore the fact that they live, trade and communicate with open global systems, and they can no longer ignore the need for banking and insurance. Aly Khorshid demonstrates how initial clerical apprehensions were overcome to create pioneering Muslim-friendly banking systems, and applies the lessons learnt to a workable insurance framework by which Muslims can compete with non-Muslims in business and have cover in daily life. The book uses relevant Quranic and Sunnah extracts, and the arguments of pro- and anti-insurance jurists to arrive at its conclusion that Muslims can enjoy the peace of mind and equity of an Islamic insurance scheme.
Crops experience an assortment of environmental stresses which include abiotic viz., drought, water logging, salinity, extremes of temperature, high variability in radiation, subtle but perceptible changes in atmospheric gases and biotic viz., insects, birds, other pests, weeds, pathogens (viruses and other microbes). The ability to tolerate or adapt and overwinter by effectively countering these stresses is a very multifaceted phenomenon. In addition, the inability to do so which renders the crops susceptible is again the result of various exogenous and endogenous interactions in the ecosystem. Both biotic and abiotic stresses occur at various stages of plant development and frequently more...
This comparative handbook is intended to provide scholars of the New Testament with detailed, systematic and accurate resources concerning the Judaic context of the gospel of Mark. It aims to serve as a powerful tool to assist the reader - and commentator - in understanding and commenting on the gospel of Mark. Introductions are provided to help with issues of dating and the development of the literatures concerned. Possible interpretations are also presented, where suitable.
Methods in protein sequence analysis constitute important fields in rapid progress. We have experienced a continuous increase in analytical sensitivity coupled with decreases in time necessary for purification and analysis. Several generations of sequencers, liquid/solid/gas-phase, have passed by and returned in other shapes during just over two decades. Similarly, the introduction of HPLC permitted an enormous leap forward in this as in other fields of biochemistry, and we now start to see new major advances in purification/analysis through capillary electrophoresis. Furthermore, progress in the field of mass spectrometry has matched that in chemical analysis and we witness continuous devel...
Best friends tell you everything; about their kitchen renovation; about their little girl's new school. They tell you how he's leaving her for a younger model. Best friends don't tell lies. They don't take up residence on your couch for weeks. They don't call lawyers. They don't make you choose sides. Best friends don't keep secrets about their past. Best friends don't always stay best friends.