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The rise of Islamic finance - Knowledge Works
 
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Lecture details Since its formation in the mid-1970s Islamic finance has grown rapidly, and appears to have come of age since the global financial crisis by nearly doubling in size from just over US $600 billion in 2007 to approximately $1.2 trillion in 2010. In this latest Knowledge Works seminar Professor Mervyn Lewis will share the secrets of what makes Islamic finance a success and what attracts investors.Professor Lewis will explore Islam itself, and shari'a law, for these provide the religious and ethical principles underpinning the system. Professor Lewis will also examine how Islamic banking and finance operate in practice, including Islamic investment funds and sukuk (bonds) that tap new global market segments and have driven the system's rapid growth. The seminar will close by considering the ways in which Islamic finance provides a viable and distinctive alternative to conventional finance. This insightful Knowledge Works lecture is a not to be missed event for those conducting business or collaborating with Islamic finance organisations, or those simply seeking greater insight and understanding of Islamic business and its future. Professor Mervyn Lewis is Professor of Banking and Finance at the University of South Australia and is a Fellow of the Academy of Social Sciences in Australia. Previously he was Midland Bank Professor of Money and Banking at the University of Nottingham and has been a Visiting Scholar at the Bank of England as well as the Inaugural Securities Commission-University of Malaya Visiting Professor. Professor Lewis has published 22 books, 70 articles and 81 chapters and his research volumes include Islamic Banking (2001), Islamic Finance (2007), Handbook of Islamic Banking (2007) and An Islamic Perspective on Governance (2009). Visit the Knowledge Works website at www.unisa.edu.au/knowledgeworks
Islamic Finance by Cedomir Nestorovic, Professor, Department Management, ESSEC Asia Pacific
 
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http://www.essec.edu | Cedomir Nestorovic has been a Professor at ESSEC Business School for more than 15 years. He teaches Geopolitics and International Marketing and now focuses his research on Islam and Business. Professor Nestorovic is now based at ESSEC Asia Pacific in Singapore. Professor Nestorovic explains some key principles of Islamic Finance which revolves around prohibition and compulsory rules. Among prohibitions, the main principle is Riba (Interest rates). Islamic Finance is definitely against interest rates. Among the positive principle, you have profitable sharing: companies do not borrow money; they enter into partnerships with banks for certain ventures or business they want to achieve. Islamic Finance is successful because it is mainly coming from public institutions and also governments. If you want to open a plant in one of the Muslim countries, there is always a compulsory finance backing behind. So by investing there, you are investing in Islamic Finance as well. The latest numbers are one thousand one hundred billion dollars for Islamic Finance. It is expending, year after year. However it represents about 3 or 4% of conventional finance. All companies and banks are interested in others to enter this business. However it can not replace conventional finance. Articles about Cedomir Nestorovic & Islamic Finance - Islamic finance: Notion of stewardship imbues business ethics: http://www.ft.com/intl/cms/s/2/8f79c27a-aa59-11e1-899d-00144feabdc0.html#axzz1y6Joso3K Professor of the week: http://www.ft.com/intl/cms/s/2/79a52248-9e7c-11e1-a24e-00144feabdc0.html#axzz20mruoUN9 More information: http://www.essec.edu/faculty/cedomir-nestorovic
Views: 1280 ESSEC Business School
Cameron unveils £200m Islamic bond plan
 
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Cameron unveils £200m Islamic bond plan Subscribe to the Guardian HERE: http://bitly.com/UvkFpD David Cameron makes a pitch for new investment in the UK by Muslim countries, saying the Treasury plans to offer a £200m Islam-friendly bond next year. He says he wants London to be 'the greatest centre for Islamic finance in the western world'. He was speaking to political and business leaders at the ninth World Islamic Economic Forum in London Click for full Guardian article - http://www.theguardian.com/money/2013/oct/29/islamic-bond-david-cameron-treasury-plans
Views: 2413 The Guardian
Alternative Investment - Understanding Islamic Finance - Telfer School of Management
 
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Mr. Mahmoud Mohieldin - President's Special Envoy - The World Bank Group Mr. Mohieldin is the President's Special Envoy - The World Bank Group. His responsibilities include coordinating the World Bank Group agenda on the Millennium Development Goals and the Post-2015 process; supporting the work on financial development, including long term finance and financial inclusion; and coordinating the World Bank's efforts to strengthen partnerships with the UN, multilateral development institutions, and the G-20. Prior to joining the World Bank, Mr. Mohieldin held numerous positions in the Government of Egypt and served on several Boards of Directors in the Central Bank of Egypt and the corporate sector. He was a member of the Commission on Growth and Development and selected a Young Global Leader of the World Economic Forum in 2005. His professional reach extends into the academic arena, serving as Member of the Board of several universities in Egypt and holding leading positions in national and regional research centers and think tanks. As a Professor of Economics, he has authored numerous publications and articles in leading journals in the fields of international finance and economics in English and Arabic. Topics include financial reform, prudential regulations, credit markets, exchange rate and monetary policies, trade in services, globalization, corporate governance and competition policy. He received his Ph.D. in Economics from the University of Warwick and a Master of Science in Economic and Social Policy Analysis from the University of York. Discussants - Walid Hejazi - Associate Professor, Rotman School of Management Walid Hejazi is an Associate Professor of Business Economics, and Academic Director, at the Rotman School of Management where he regularly teaches Canada's current and future business leaders in the MBA, EMBA, and custom Executive programs. Walid has also developed a successful course in Islamic Finance, which is a for credit course in the MBA program at the University of Toronto. This represents the first such course in Canada. He has published extensively in many business journals and publications. In keeping with the spirit of Rotman, Walid balances his research activities by helping many of Canada's leading organizations leverage research to develop and deploy new strategies and initiatives. He is also the Rotman lead on the annual Rotman-TELUS IT security study, which surveys hundreds of organizations and analyzes best practices. Walid has also consulted for several branches of the Canadian and foreign governments, on themes related to international competitiveness. He has appeared several times before parliamentary committees on topics related to Canadian competitiveness, foreign investment, competition in the Canadian economy, and international tax structures. He is currently working to enhance the Rotman presence in the Middle East, and has been working closely with Mubadala, an arm of the Abu Dhabi government on Training. Discussants - Rehan Huda - Director, Amana Canada Holdings Rehan Huda is currently a founder and Director of Amana Canada Holdings, a firm specializing in structuring Islamic financial products and services for the Canadian marketplace as well as for Middle East investors. Rehan has been a guest speaker on Islamic Economics and Finance at a variety of international conferences and universities and has been interviewed by leading media outlets in Canada and abroad. Mr. Huda assisted in initiating and teaching the first MBA course in Islamic finance at a North American university, the Rotman School of Business at the University of Toronto. Previously Mr. Huda held various positions within the Canadian federal government including Senior Economist for the Department of Finance and Senior Analyst for the Natural Resources and Industry Departments. He was a recipient of the government's Public Service Award of Excellence for his financial and economic analysis related to the awarding of operating licenses to wireless telecommunication service providers. Mr. Huda currently holds board and advisory positions with several private and public companies across North America. ---- Thank you for taking the time to watch this video. To find out more about the Telfer School of Management, visit our website (www.telfer.uottawa.ca/en/). All our videos, including lectures and events that may not be on YouTube, are accessible through Telfer TV (www.telfer.uottawa.ca/tv/).
Views: 5882 Telfer uOttawa
Islamic finance
 
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Kazakhstan's way to receiving the recent "Global leader in Islamic Finance" award in Dubai by the head of state was rather short by historical standards. The interest in Islamic finance was constantly present in Kazakhstan in its new historical path. Let's turn to a few newspaper articles that elaborated a little on the development of the Islamic bank.
Views: 23 Kazakh TV
Islamic banking and finance | Wikipedia audio article
 
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This is an audio version of the Wikipedia Article: Islamic banking and finance Listening is a more natural way of learning, when compared to reading. Written language only began at around 3200 BC, but spoken language has existed long ago. Learning by listening is a great way to: - increases imagination and understanding - improves your listening skills - improves your own spoken accent - learn while on the move - reduce eye strain Now learn the vast amount of general knowledge available on Wikipedia through audio (audio article). You could even learn subconsciously by playing the audio while you are sleeping! If you are planning to listen a lot, you could try using a bone conduction headphone, or a standard speaker instead of an earphone. You can find other Wikipedia audio articles too at: https://www.youtube.com/channel/UCuKfABj2eGyjH3ntPxp4YeQ You can upload your own Wikipedia articles through: https://github.com/nodef/wikipedia-tts "The only true wisdom is in knowing you know nothing." - Socrates SUMMARY ======= Islamic banking or Islamic finance (Arabic: مصرفية إسلامية‎) or sharia-compliant finance is banking or financing activity that complies with sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic banking/finance include Mudarabah (profit-sharing and loss-bearing), Wadiah (safekeeping), Musharaka (joint venture), Murabahah (cost-plus), and Ijara (leasing). Sharia prohibits riba, or usury, defined as interest paid on all loans of money (although some Muslims dispute whether there is a consensus that interest is equivalent to riba). Investment in businesses that provide goods or services considered contrary to Islamic principles (e.g. pork or alcohol) is also haraam ("sinful and prohibited"). These prohibitions have been applied historically in varying degrees in Muslim countries/communities to prevent un-Islamic practices. In the late 20th century, as part of the revival of Islamic identity, a number of Islamic banks formed to apply these principles to private or semi-private commercial institutions within the Muslim community. Their number and size has grown, so that by 2009, there were over 300 banks and 250 mutual funds around the world complying with Islamic principles, and around $2 trillion was sharia-compliant by 2014. Sharia-compliant financial institutions represented approximately 1% of total world assets, concentrated in the Gulf Cooperation Council (GCC) countries, Iran, and Malaysia. Although Islamic banking still makes up only a fraction of the banking assets of Muslims, since its inception it has been growing faster than banking assets as a whole, and is projected to continue to do so.The industry has been lauded for returning to the path of "divine guidance" in rejecting the "political and economic dominance" of the West, and noted as the "most visible mark" of Islamic revivalism, its most enthusiastic advocates promise "no inflation, no unemployment, no exploitation and no poverty" once it is fully implemented. However, it has also been criticized for failing to develop profit and loss sharing or more ethical modes of investment promised by early promoters, and instead selling banking products that "comply with the formal requirements of Islamic law", but use "ruses and subterfuges to conceal interest", and entail "higher costs, bigger risks" than conventional (ribawi) banks.
Views: 37 wikipedia tts
ACCA F9 Islamic Finance
 
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ACCA F9/P4 Course: http://www.globalapc.com A.P.C is ACCA gold learning provider and our average pass rate is around 90%. Please #Subscribe Us#, Any feedback gratefully received!
Rudnyckyj, Islamic finance and the problem of market reason
 
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Summary of D Rudnyckyj (2014). Economy in practice: Islamic finance and the problem of market reason, American Ethnologist 41 (1), 110-127. Dr Rudnyckyj has alerted me to several issues in my summary: 1. 18:38: Islamic finance experts are against risk transfer, they are in favor of risk sharing. 2. 27:02: the bai al inah is not so much a “joke” as a “trick.” A legal stratagem (hiyal) used to get approval for something that meets the letter of Islamic law but probably not its spirit. 3. The main thing about bai al inah is that the two sales with the deferred payment and markup is legitimate according to shafii fiqh because humans cannot not know intent, only Allah can know intent. So on paper the bai al inah is legitimate. http://americanethnologist.org/read/journal/unsorted-articles/economy-in-practice-islamic-finance-and-the-problem-of-market-reason Rudnyckyj's latest book is now available: https://nuspress.nus.edu.sg/collections/frontpage/products/beyond-debt-islamic-experiments-in-global-finance?fbclid=IwAR0mB-xwdpKkFq_hifNJCvVOl1G5CXHKGsCIfK9xWdgllolYhdv8JPeSYew
Views: 39 Nicholas Herriman
Sources of finance – Islamic Finance - ACCA (AFM) lectures
 
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Sources of finance – Islamic Finance - ACCA (AFM) lectures Free ACCA lectures for the Advanced Financial Management (AFM) Exam Please go to OpenTuition to download the AFM notes used in this lecture, view all remaining Advanced Financial Management (AFM) lectures, and post questions on the Ask the ACCA AFM Tutor Forums - We do NOT provide support on the youtube comments section. *** Complete list of free ACCA lectures is available on https://opentuition.com/acca/afm/ ***
Views: 1669 OpenTuition
Geopolitics & Islamic Marketing by Cedomir Nestorovic, Professor, ESSEC Business School
 
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http://www.essec.edu | Cedomir Nestorovic, Professor at ESSEC Business School explains the importance of Asia in geopolitics. The Asian population is expending more and faster than in any other continents. That population is also becoming more educated and could end up becoming a threat to established economies, such as the United States and Europe. The assertiveness of different Asian countries makes them aware of their own importance. China for instance does not hesitate to be much more active on the International scene than before. This is why ESSEC students coming to Singapore or the one in France need to have a focus on Asia. The geopolitical issue is very important for students. They usually have an ethnocentric approach, viewing the world from Europe's point of view. This can not be done regarding Asia. You have to be in Asia in order to understand it. This is why when students come to Singapore, they discover a lot of things. The objective of the Geopolitics & Marketing Islamic course is not to predict what may happen in the future, but to find out tendencies, that you can analyze and that you can isolate from the rest. Marketing in Islamic countries is very specific because religion has a tremendous impact on the behavior of individuals whether they are consumers or companies. The five pillars of Islam are permeable to all elements of marketing. Using the usual approach of marketing (the 4 Ps) might not be enough to understand what is happening in Islamic countries. The basic businesses rely on Islamic finance and the Halal business. There is an acute question regarding Halal certification. You can have the best product, without the Halal certification, there is a problem of trust for consumers. This trust is passing through the certification itself. Adopting a product policy or adopting a distribution or communication policy must take the religious dimension into account: not necessarily the theological one, but the direct and practical implication of it. Articles about Cedomir Nestorovic & Islamic Finance - Islamic finance: Notion of stewardship imbues business ethics: http://www.ft.com/intl/cms/s/2/8f79c27a-aa59-11e1-899d-00144feabdc0.html#axzz... Professor of the week: http://www.ft.com/intl/cms/s/2/79a52248-9e7c-11e1-a24e-00144feabdc0.html#axzz... More information: http://www.essec.edu/faculty/cedomir-nestorovic
Views: 1683 ESSEC Business School
Islamic Finance Today
 
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Islamic Finance Today is an article published monthly covering exclusive articles, interviews, trends and views of the Islamic Finance Industry.
Views: 65 IFT Magazine
John A. Sandwick about Islamic Financing in Italy
 
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" If we can do this in Italy, we can do it anywhere else in the world," John A. Sandwick, Expert on Islamic Financing, General Manager of SAFA Investment Services, S.A. Geneva, talks about Islamic Financing and how it had helped in solutions in Italy. We interviewed John at the UN Geneva for our coming up soon television report about Islamic Financing vs. Christian Financing, and the Catholic roots of Islamic Financing.
Views: 228 PESCHKEN reports
Forbes Article | Blockchain And Islamic Banking |  OneLife OneCoin
 
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►Title: Forbes Article | Blockchain And Islamic Banking | OneLife OneCoin ►Forbes Article Link: https://www.forbes.com/sites/andrewdepietro/2018/07/11/blockchain-islamic-banking-benefits/#45132b2a3af2 ►PLEASE SUBSCRIBE: https://www.youtube.com/channel/UCL7t7sg7k3j7uxx5CIO8ynA ► Make sure to LIKE, COMMENT & SHARE! Today's video is about the article by forbes about Blockchain And Islamic Banking Are Working Together, And Everyone Stands To Benefit in which every thing about sharia related to blockchain is explain. Hello Friends! I am the "One Coin Guy". This Channel is purely education base and related to cryptocurrency the "One Coin". One Coin cryptocurrency is introduced by OneLife. OneLife is a network marketing company committed to improving our members' financial future. Members that would like to refer new members to our unique e-learning programs and innovative digital products and tools are eligible for a bonus and commissions plan. blockchain blockchain wallet blockchain technology blockchain info blockchain definition blockchain developer blockchain miner pro blockchain sign up blockchain wiki blockchain tutorial blockchain app blockchain applications blockchain account blockchain account sign up blockchain api blockchain architecture blockchain and cryptocurrency blockchain a-ztm learn how to build your first blockchain blockchain algorithm blockchain address check blockchain definition blockchain developer blockchain developer salary blockchain development tutorial blockchain developer skills blockchain dns blockchain developer jobs blockchain database blockchain developer pakistan blockchain developer job description blockchain bitcoin blockchain bitcoin wallet blockchain bitcoin generator blockchain background blockchain books blockchain basics blockchain book pdf blockchain blogs blockchain basics ppt blockchain btc price blockchain wallet blockchain technology blockchain info blockchain and islamic finance blockchain islam blockchain islam blockchain in islam blockchain and islam 2018 islamic banking islamic banking in pakistan islamic banking products islamic banking definition islamic banking pdf islamic banking products in pakistan islamic banking in pakistan pdf islamic banking jobs islamic banking system in pakistan islamic banking terms islamic banking in Pakistan
Views: 57 One Revolution
Islamic Finance | CA Final SFM (New Syllabus) Classes & Video Lectures
 
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Buy Revamp - https://sfmguru.in/revamp-ca-final-sfm-revision-book/ Revise the entire SFM in a day Subscribe to Channel for more videos: https://www.youtube.com/channel/UCiPzkqrzDsoq-pLrloT7Fcw/featured Islamic finance refers to the means by which corporations in the Muslim world, including banks and other lending institutions, raise capital in accordance with Sharia, or Islamic law. It also refers to the types of investments that are permissible under this form of law. A unique form of socially responsible investment, Islam makes no division between the spiritual and the secular, hence its reach into the domain of financial matters. Because this sub-branch of finance is a burgeoning field, in this article we will offer an overview to serve as the basis of knowledge or for further study. Although they have been mandated since the beginning of Islam in the seventh century, Islamic banking and finance have been formalized gradually since the late 1960s, coincident with and in response to tremendous oil wealth that fueled renewed interest in and demand for Sharia-compliant products and practice. Central to Islamic banking and finance is an understanding of the importance of risk sharing as part of raising capital and the avoidance of “Riba” (usury) and “Gharar” (risk or uncertainty). Islamic law views lending with interest payments as a relationship that favors the lender, who charges interest at the expense of the borrower. Because Islamic law views money as a measuring tool for value and not an asset in itself, it requires that one should not be able to receive income from money (for example, interest or anything that has the genus of money) alone. Deemed “Riba”, such practice is proscribed under Islamic law (haram, which means prohibited) as it is considered usurious and exploitative. By contrast, Islamic banking exists to further the socio-economic goals of Islam. Accordingly, Sharia-compliant finance (halal, which means permitted) consists of profit banking in which the financial institution shares in the profit and loss of the enterprise it underwrites. Of equal importance is the concept of “Gharar”. Defined as risk or uncertainty, in a financial context it refers to the sale of items whose existence is not certain. Examples of “Gharar” would be forms of insurance, such as the purchase of premiums to insure against something that may or may not occur or derivatives used to hedge against possible outcomes. The equity financing of companies is permissible, as long as those companies are not engaged in restricted types of business, such as the production of alcohol, pornography or weaponry, and only certain financial ratios meet specified guidelines. While Islamic finance has roots in the past but there is resurgence in past 30 years. Though Islamic finance is different from the conventional finance but it has same objective of providing economic benefits to the society. Islamic Finance Banking or Sharia Complaint finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economies. Since under Islamic finance money is considered as only a mean of carrying out transactions any earning on the same in form of interest (“Riba”) is strictly prohibited.
Articles of Faith - Part 1 of 2 - By Hamza Yusuf (Foundations of Islam Series: Session 3)
 
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"30 Facts About Islam" free eBook: http://www.30factsaboutislam.com Buy the DVD for this title: http://www.islamondemand.com Why is Islam Better?: http://www.aydenzayn.com This video is part 4 of a complete series of 7 lectures entitled "Foundations of Islam". Watch the series: https://www.youtube.com/playlist?list=PL83A449092F8A3CBF Watch individual lectures: 1) http://www.youtube.com/watch?v=ICu3ITHnBoM 2) http://www.youtube.com/watch?v=SA9An07MVSk 3) http://www.youtube.com/watch?v=LtNg0x0hkLA 4) http://www.youtube.com/watch?v=yVKLqyFZgl0 5) http://www.youtube.com/watch?v=1kLL3Gf-La4 6) http://www.youtube.com/watch?v=SLhogmk-Wug 7) http://www.youtube.com/watch?v=in5kC5qFjm4 Find many more Islam On Demand titles here: iTunes: http://www.islamondemand.com/itunes Google Play: http://www.islamondemand.com/play DVDs: http://www.islamondemand.com Follow Us: Facebook: http://www.facebook.com/islamondemand Twitter: http://www.twitter.com/islamondemand YouTube: http://www.youtube.com/islamondemand Email List: http://www.islamondemand.com/subscribe Support Us: From 1996 to 2013 we worked FULL-TIME traveling, recording and distributing all the videos you see on our channel. Unfortunately we no longer do that. Islam On Demand has become a "side project" that we only tend to occasionally. The simple reason for this is lack of financial support. You can help to change that by supporting our efforts. Either make a purchase, promote our YouTube channel and various websites, and/or make dua for us!... http://www.30FactsAboutIslam.com http://www.IslamOnDemand.com http://www.AydenZayn.com http://www.Islamogram.com Terms of Use: We are the original producer of this video. You may embed this video on another website using YouTube's embedding code or re-upload the video to your own YouTube channel. You can do this if you do not alter the video content and also provide a link back to our channel and/or website URL in the text description of the video. If you embed our videos on your website, please provide a text link to our website: http://www.islamondemand.com Translations and subtitles are permitted assuming they are accurate. Compilations with other Islamic content is also permitted.
Views: 83175 Islam On Demand
Islamic Banking Hub in Canada?
 
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See Huffington Post Canada .. 2015 article on Islamic Banking Hub ... article by Daniel Tencer http://www.huffingtonpost.ca/2015/12/02/sharia-banking-canada_n_8701124.html Canadian Muslim population to hit 3 million by 2030 Potential $18-billion market for ‘Sharia mortgages' Some argue industry is a 'con job' Canada is a better choice than the U.S. to be the home of a North American Islamic banking hub, says a new report. The report from business data organization Thomson Reuters and the Toronto Financial Services Alliance argues Canada has a larger Muslim population, proportionally, than the U.S. and is therefore better-positioned to be a hub for Sharia-compliant banking. “The geographic concentration of the domestic Muslim population and less complex regulatory environment make it a more attractive market than the United States for home finance,” the report stated. The report sees the potential for a boom in Islamic banking in Canada, noting that Canada’s Muslim population is set to rise to 3 million by 2030, or 6.6 per cent of the population, from 1.3 million today. It sees a potential $18-billion market in Canada for “Sharia-compliant mortgages” by 2020. And it says the Canadian business community’s links to Muslim countries would help Canada land a share of the Islamic banking business abroad. "Canada’s asset managers have a wealth of international experience in the responsible finance and Sharia compliant investment space that positions them well to capture a share of the estimated $23 billion responsible Islamic investments market," the report said. Sharia banking has been growing rapidly in recent years, chart from E&Y shows. Observers say the Islamic banking sector has been growing rapidly recently, and the new report says it now has US$1.8 trillion in assets under management. (By comparison, Canada’s big five banks have about C$3.3 trillion in assets, combined.) Sharia banking has become particularly prominent in Britain, where it has found a friend in Prime Minister David Cameron. The previous Harper government made bringing an Islamic finance hub to Canada a priority. The Conservatives even reportedly helped sponsor the World Islamic Banking Conference, where the Thomson Reuters/TFSA report was presented this week. The governing Liberals have been quiet on the issue. Islamic banking isn’t entirely new to Canada. A number of financial institutions offer Sharia-compliant financial services — take, for instance, CIBC’s “halal investing” program. It took a step backwards in Canada in 2011, when UM Financial, at the time the largest promoter of Sharia banking, went bankrupt. Charging interest is prohibited under Shariah law, so in the 1970s economists in the Muslim world began pushing for an Islamic alternative to Western banking. Generally, when Shariah-compliant banks lend money, they become “partners” in an investment or “co-owners” of an asset with the borrower, and collect money as an owner rather than charging interest. Shariah-compliant banks are also forbidden from being involved in the production or sale of alcohol, tobacco and pork, and can’t do business related to gambling, pornography or weapons. The practice is controversial, even within the Muslim community. When Canada Mortgage and Housing Corp. decided in 2008 to study Islamic banking, the head of the Muslim Canadian Congress called the industry “a con job.” Tarek Fatah said in a letter to CMHC that "religion has no place in the banking or mortgage industry.” https://www.thestar.com/business/2008/01/30/muslim_leader_calls_sharia_loans_a_con_job.html A 2006 book by New York-based banker Muhammad Saleem called Islamic banking “a $300-billion deception” (based on the industry's worth at the time) and argued that so-called Shariah-compliant banks are actually charging interest to customers like all banks, except “disguised in Islamic garb.”
Articles of Faith - Part 2 of 2 - By Hamza Yusuf (Foundations of Islam Series: Session 3)
 
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"30 Facts About Islam" free eBook: http://www.30factsaboutislam.com Buy the DVD for this title: http://www.islamondemand.com Why is Islam Better?: http://www.aydenzayn.com This video is part 5 of a complete series of 7 lectures entitled "Foundations of Islam". Watch the series: https://www.youtube.com/playlist?list=PL83A449092F8A3CBF Watch individual lectures: 1) http://www.youtube.com/watch?v=ICu3ITHnBoM 2) http://www.youtube.com/watch?v=SA9An07MVSk 3) http://www.youtube.com/watch?v=LtNg0x0hkLA 4) http://www.youtube.com/watch?v=yVKLqyFZgl0 5) http://www.youtube.com/watch?v=1kLL3Gf-La4 6) http://www.youtube.com/watch?v=SLhogmk-Wug 7) http://www.youtube.com/watch?v=in5kC5qFjm4 Find many more Islam On Demand titles here: iTunes: http://www.islamondemand.com/itunes Google Play: http://www.islamondemand.com/play DVDs: http://www.islamondemand.com Follow Us: Facebook: http://www.facebook.com/islamondemand Twitter: http://www.twitter.com/islamondemand YouTube: http://www.youtube.com/islamondemand Email List: http://www.islamondemand.com/subscribe Support Us: From 1996 to 2013 we worked FULL-TIME traveling, recording and distributing all the videos you see on our channel. Unfortunately we no longer do that. Islam On Demand has become a "side project" that we only tend to occasionally. The simple reason for this is lack of financial support. You can help to change that by supporting our efforts. Either make a purchase, promote our YouTube channel and various websites, and/or make dua for us!... http://www.30FactsAboutIslam.com http://www.IslamOnDemand.com http://www.AydenZayn.com http://www.Islamogram.com Terms of Use: We are the original producer of this video. You may embed this video on another website using YouTube's embedding code or re-upload the video to your own YouTube channel. You can do this if you do not alter the video content and also provide a link back to our channel and/or website URL in the text description of the video. If you embed our videos on your website, please provide a text link to our website: http://www.islamondemand.com Translations and subtitles are permitted assuming they are accurate. Compilations with other Islamic content is also permitted.
Views: 38749 Islam On Demand
CIMB's Badlisyah Sees Asia Driving Islamic Bond Sales: Video
 
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March 30 (Bloomberg) -- Badlisyah Abdul Ghani, chief executive officer of CIMB Islamic Bank Bhd., a unit of CIMB Holdings, talked with Bloomberg's Haslinda Amin about the outlook for global Islamic bond sales in 2010. Badlisyah, who spoke from Kuala Lumpur on Feb. 3, also discussed the prospects for Malaysia's issuance of sovereign bonds. (Source: Bloomberg)
Views: 219 Bloomberg
What are central counterparties? - Quarterly Bulletin article
 
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Following a G20 mandate, an increasing number of financial products will be centrally cleared via central counterparties, or "CCPs". CCPs bring a number of benefits to the financial system -- but, if they are not properly managed, they also pose risks to financial stability. More details are in the Quarterly Bulletin article: http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2013/qb130206.pdf
Views: 1911 Bank of England
Is there Islamic banking in the West? Islam FAQ with Shaykh Faraz Rabbani?
 
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In this episode, Shaykh Faraz answers: Is there Islam banking the West? A reader on usury: http://seekershub.org/ans-blog/2015/10/06/how-to-avoid-usury-a-reader/ Join the weekly live Q&A session, on Fridays, at 7pm EST / 11pm GMT, at SeekersHub Toronto by registering for FREE (http://seekershub.org/toronto/questions/). The session is also broadcast on our Facebook Live page (https://www.facebook.com/SeekersHub). Register for classes, seminars and events at SeekersHub Toronto - all programs are FREE - visit: http://seekershub.org/toronto/ #GiveLight: Help SeekersHub spread the light of Prophetic guidance to millions worldwide: http://seekershub.org/donate
Views: 948 SeekersHub Global
One Company Makes Halal Investing Easy - Junaid Wahedna, Wahed Invest
 
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Never miss another interview! Join Devin here: http://bit.ly/joindevin. Read the full Forbes article and watch the interview here: http://bit.ly/2GvpdwL. Halal investing forbids investing in debt, making many traditional investment vehicles off-limits to Muslims seeking to follow Sharia guidance. As a result, many in the Muslim community have limited their investments to cash savings and real estate, leaving them poorly diversified. Junaid Wahedna decided to fix that. Wahedna, who graduated from Columbia University and spent years working in finance in New York City, was in a good position to launch Wahed Invest, making Halal investing easy. “I've been very, very fortunate to have a good education, the resources and wherewithal to be able to do something and so I felt quite personally responsible to give back,” Wahenda says. “What right do I have not to actually go in there and fix this problem?” Read the full Forbes article and watch the interview here: http://bit.ly/2GvpdwL. Check out my free webinar where I share the secrets of successful nonprofit crowdfunding at http://crowdfundingforsocialgood.org.
Views: 5184 Devin Thorpe
Kaiser Discusses Investing Criteria Under Sharia Law
 
05:06
May 27 (Bloomberg) -- Nicholas Kaiser, chairman of Saturna Capital Corp. and manager of the Amana Income Fund, talks about investing according to Sharia law. Kaiser speaks with Lisa Murphy on Bloomberg Television's "Fast Forward." They spoke on May 23. (Source: Bloomberg)
Views: 2939 Bloomberg
Islamic Finance & Banking Principles
 
14:31
http://islamicfinanceonline.blogspot.com http://bit.ly/onlineislamicfinance http://islamicfinanceonline.weebly.com http://islamicfinanceonline.wordpress.com http://islamicfinance.tumblr.com http://www.facebook.com/IslamicFinanceOnline http://www.facebook.com/OnlineIslamicFinance http://twitter.com/financeinislam http://plus.google.com/105388486038115135169/posts [email protected] The Organization Renascence Educational Empowerment for Awareness and Awakening(REEFAAA) focuses on the production,propagation and dissemination of digital educational modules pertainym islamic finance and economics.The Consultancy provides online educational material,literature and counselling on the subject matter of Islamic Finance.The Consultancy also conducts research and analysis on emerging areas of islamic finance,investments,markets,tools and products. The Consultancy has plans to launch a comprehensive online educational certification system in the field of islamic finance and economics. Mission:To propagate and disseminate ethical economic and financial practices through the medium of islamic finance and economics.To assist in the transition of an interest based economy to an interest free economy. Products:educational videos, eBooks,articles, power presentations,audio lectures etc via youtube,slide share,scribd,google docs,facebook,email,twitter etc
Views: 5646 Islamic Finance
BABB Update: banking in Bahrain
 
03:36
It may be a record-breakingly sunny bank holiday weekend in London — but the BABB team have gone one step hotter. We’ve just met with Central Bank of Bahrain, National Bank of Bahrain and Fintech Bay. We’d like to update you on how our meetings went and give you an idea of the outcome and next steps. If you're in Dubai, don't forgot to come along to our meetup tonight. RSVP here: https://www.eventbrite.co.uk/e/babb-meetup-dubai-decentralising-banking-with-blockchain-tickets-45478828400
Views: 3436 BABB
المال - تاسعا: ربا التمويل والتمويل الاسلامي
 
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الموقع الشخصي http://abdullah.com.kw السيرة الذاتية http://abdullah.com.kw/resume مؤتمرات ودورات تدريبية وورش عمل http://abdullah.com.kw/events مقالات منشورة http://abdullah.com.kw/articles مؤلفات (كتب ودراسات) http://abdullah.com.kw/books أدوات محاسبية مجانية (دراسة جدوى وترشيد انفاق وتقييم مشاريع) http://abdullah.com.kw/tools الحسابات على مواقع التواصل الإجتماعي http://abdullah.com.kw/socialmedia حقوق النشر محفوظة لـ عبدالله بن سالم السلوم، إلا ما أعيد نشره وفد تم تسجيله في حدث أو في قناة تلفزيونية أو في إذاعة إخبارية، فلهم حقوق النشر والتوزيع.
Views: 11345 Abdullah Al-Salloum
Intro to Islam (feat. Dr. Hussein Rashid)
 
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Islam is a complicated topic and a politically charged topic here in the 21st century. But it is important that we learn about the world's 2nd largest religion. In this video, we will discuss Islam from a nonsectarian perspective, exploring its internal diversity, how the religion changed over time, and how it is embedded in different areas of culture around the world. Twitter: @andrewmarkhenry Facebook: www.facebook.com/religionforbreakfast Patreon: www.patreon.com/religionforbreakfast Special thanks to Dr. Hussein Rashid for help researching, writing, and co-hosting this episode. Follow him on Twitter at: @islamoyankee https://twitter.com/islamoyankee http://www.husseinrashid.com/ This video was made for the online classes offered by the Religious Freedom Center. A nonsectarian, nonpartisan organization in Washington DC committed to improving religious literacy and religious liberty. Follow them at: @NewseumReligion http://www.religiousfreedomcenter.org/ Educators, consider checking out their professional development modules. Short, self-paced, interactive courses focused on boosting your religious literacy education in the classroom: https://constitution2classroom.org/ This video is brought to you in part by our supporters on Patreon. Thank you everyone for supporting this channel!: www.patreon.com/religionforbreakfast Andrew's religious studies book recommendations: http://amazon.com/shop/religionforbreakfast Further Reading: Alexander Knysh, "Sufism: A New History of Islamic Mysticism." Edward Curtis, "The Practice of Islam in America: An Introduction." Malise Ruthven, "Islam: A Very Short Introduction." Reports on Sufi shrine and Islamic cultural heritage destruction: http://www.cnn.com/2012/07/12/world/africa/mali-shrines-destroyed/index.html http://time.com/3584585/saudi-arabia-bulldozes-over-its-heritage/ http://www.un.org/apps/news/story.asp?NewsID=42756 Farhad Daftary, The Isma’ilis: Their History and Doctrines https://books.google.com/books?id=cSO9zh61AGEC&printsec=frontcover&dq=seven+pillars+nizari&hl=en&sa=X&ved=0ahUKEwjuoPWvqu3UAhWMVT4KHbN8BYkQuwUIOzAD#v=onepage&q=seven%20pilalrs&f=false Carl Ernst, Tasawwuf, article for Encyclopedia of Islam, https://www.unc.edu/~cernst/pdf/tasawwuf.pdf Kecia Ali: http://www.wbur.org/cognoscenti/2014/05/09/sultan-of-brunei-sharia-law-beverly-hills-hotel-kecia-ali Kecia Ali: https://feminismandreligion.com/2014/05/27/whose-sharia-is-it-by-kecia-ali/ Jerusha Lamptey: http://time.com/92534/boko-haram-not-my-shariah/ Rise in Islamic Financial Institutions: http://www.cnbc.com/2016/12/02/under-the-radar-islamic-banks-rise-in-th.html Music by Kevin MacLeod: https://incompetech.com/
Views: 40619 ReligionForBreakfast
Basics of Islamic Finance & Banking(full) HD
 
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http://islamicfinanceonline.blogspot.com http://bit.ly/onlineislamicfinance http://islamicfinanceonline.weebly.com http://islamicfinanceonline.wordpress.com http://islamicfinance.tumblr.com http://www.facebook.com/IslamicFinanceOnline http://www.facebook.com/OnlineIslamicFinance http://twitter.com/financeinislam [email protected] The Organization Renascence Educational Empowerment for Awareness and Awakening(REEFAAA) focuses on the production,propagation and dissemination of digital educational modules pertainym islamic finance and economics.The Consultancy provides online educational material,literature and counselling on the subject matter of Islamic Finance.The Consultancy also conducts research and analysis on emerging areas of islamic finance,investments,markets,tools and products. The Consultancy has plans to launch a comprehensive online educational certification system in the field of islamic finance and economics. Mission:To propagate and disseminate ethical economic and financial practices through the medium of islamic finance and economics.To assist in the transition of an interest based economy to an interest free economy. Products:educational videos, eBooks,articles, power presentations,audio lectures etc via youtube,slide share,scribd,google docs,facebook,email,twitter etc
Views: 81673 Islamic Finance
Basics and Fundamentals of Islamic Finance
 
13:01
http://islamicfinanceonline.blogspot.com http://islamicfinanceonline.weebly.com http://islamicfinanceonline.wordpress.com http://islamicfinance.tumblr.com http://www.facebook.com/Islamicfinanceonline http://www.facebook.com/OnlineIslamicfinance http://twitter.com/financeinislam [email protected] The Organization Renascence Educational Empowerment for Awareness and Awakening(REEFAAA) focuses on the production,propagation and dissemination of digital educational modules pertainym islamic finance and economics.The Consultancy provides online educational material,literature and counselling on the subject matter of Islamic Finance.The Consultancy also conducts research and analysis on emerging areas of islamic finance,investments,markets,tools and products. The Consultancy has plans to launch a comprehensive online educational certification system in the field of islamic finance and economics. Mission:To propagate and disseminate ethical economic and financial practices through the medium of islamic finance and economics.To assist in the transition of an interest based economy to an interest free economy. Products:educational videos, eBooks,articles, power presentations,audio lectures etc via youtube,slide share,scribd,google plus,cloud services,facebook,email,twitter etc
Views: 4118 Islamic Finance
Saudi 18-Year-Old Girl Escapes Death After Renouncing Islam
 
07:42
A Saudi woman who is being held in Bangkok after trying to escape her abusive family has told of her terror that she will be killed if she is deported. Rahaf Mohammed al Qunun, 18, has been trapped in the airport since arriving at 4am GMT on Sunday. She intended to reach Australia and apply for asylum but a Saudi official in the Thai airport confiscated her passport after her father reported her for travelling without her male 'guardian'. He claimed she was mentally ill but failed to provide any evidence... Read More At: https://www.dailymail.co.uk/news/article-6562169/Saudi-woman-trapped-Bangkok-airport-trying-flee-family-amid-fears-kill-her.html Support The Show On Patreon: https://www.patreon.com/seculartalk Here's Our Amazon Link: https://www.amazon.com/?tag=seculacom-20 Follow Kyle on Twitter: http://www.twitter.com/kylekulinski Like the show on Facebook: http://www.facebook.com/SecularTalk Clip from The Kyle Kulinski Show, which airs live on Blog Talk Radio and Secular Talk Radio Monday - Friday 11:00 AM - 12:30 PM Eastern time zone. Listen to the Live Show or On Demand archive at: http://www.blogtalkradio.com/kylekulinski Check out our website - and become a member - at: http://www.SecularTalkRadio.com
Views: 58076 Secular Talk
The Constitution, the Articles, and Federalism: Crash Course US History #8
 
13:04
In which John Green teaches you about the United States Constitution. During and after the American Revolutionary War, the government of the new country operated under the Articles of Confederation. While these Articles got the young nation through its war with England, they weren't of much use when it came to running a country. So, the founding fathers decided try their hand at nation-building, and they created the Constitution of the United States, which you may remember as the one that says We The People at the top. John will tell you how the convention came together, some of the compromises that had to be made to pass this thing, and why it's very lucky that the framers installed a somewhat reasonable process for making changes to the thing. You'll learn about Shays' Rebellion, the Federalist Papers, the elite vs rabble dynamic of the houses of congress, and start to find out just what an anti-federalist is. Hey teachers and students - Check out CommonLit's free collection of reading passages and curriculum resources to learn more about the events of this episode.Founding Fathers debated over how to govern the new nation, beginning with the Articles of Confederation: https://www.commonlit.org/texts/articles-of-confederation When the Founding Fathers finally wrote the Constitution, they realized that they needed to add The Bill of Rights to get citizens on board with the new government: https://www.commonlit.org/texts/the-bill-of-rights Follow us: http://www.twitter.com/thecrashcourse http://www.twitter.com/realjohngreen http://www.twitter.com/raoulmeyer http://www.twitter.com/crashcoursestan http://www.twitter.com/saysdanica http://www.twitter.com/thoughtbubbler Support CrashCourse on Patreon: https://www.patreon.com/crashcourse
Views: 4227034 CrashCourse
Line of Finance - Structures (Murabah/Wakala) ENG
 
03:13
Line of Financing is an arrangement through which ICD extends a Sharia’s compliant line of financing for a specified amount to a FI operating in a member country to invest into Eligible Projects. Such Lines are approved especially to promote the growth and development of the private sector or other purposes authorized by ICD’s Articles of Agreement, Board of Directors, ICD’s Investment Policies and Guidelines.
Views: 784 ICD_PS _TV
IMF Articles of Agreement and Its Impacts on Member Countries - Islamic Banking - Dr Hakimah Yaacob
 
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Assalamualaikum everybody, hope u enjoy my video...
Views: 35 Fakhrur Razi
How do you buy a home without interest?
 
02:59
How do you buy a home without interest? Article: https://muslimlink.ca/islamic-finance/interest-free-home-ownership
Views: 1154 Amin Patel
What is riba? - With Sheikh Dr. Yasir Qadhi
 
05:11
How can we make our investments riba free and what impact can it bring on the society? Sheikh Dr. Yasir Qadhi explains in this last episode of our educational series. To learn more about halal investing, check out this article: https://journal.wahedinvest.com/the-halal-investing-guide/
Views: 35133 Wahed Invest
The Articles of Confederation | Period 3: 1754-1800 | AP US History | Khan Academy
 
05:14
Before the United States had the Constitution, it had the Articles of Confederation, a much weaker government that lasted from 1777 to 1789. In this video, Kim and Leah discuss the pros and cons of the Articles, and the reasons they were discarded in favor of a new Constitution. View more lessons or practice this subject at https://www.khanacademy.org/humanities/us-history/road-to-revolution/creating-a-nation/v/the-articles-of-confederation?utm_source=youtube&utm_medium=desc&utm_campaign=apushistory Khan Academy is a nonprofit organization with the mission of providing a free, world-class education for anyone, anywhere. We offer quizzes, questions, instructional videos, and articles on a range of academic subjects, including math, biology, chemistry, physics, history, economics, finance, grammar, preschool learning, and more. We provide teachers with tools and data so they can help their students develop the skills, habits, and mindsets for success in school and beyond. Khan Academy has been translated into dozens of languages, and 15 million people around the globe learn on Khan Academy every month. As a 501(c)(3) nonprofit organization, we would love your help! Donate or volunteer today! Donate here: https://www.khanacademy.org/donate?utm_source=youtube&utm_medium=desc Volunteer here: https://www.khanacademy.org/contribute?utm_source=youtube&utm_medium=desc
Views: 70632 Khan Academy
Murabaha | Wikipedia audio article
 
28:04
This is an audio version of the Wikipedia Article: Murabaha 00:02:50 1 Religious justification 00:07:30 2 Islamic finance, use, variations 00:11:44 2.1 Variations 00:12:13 2.1.1 iBay' bithaman 'ajil/i 00:13:41 2.1.2 iBay' al-Ina/i 00:14:39 2.1.3 iBay' al-Tawarruq/i 00:17:54 2.2 Different countries 00:18:03 2.2.1 United States 00:18:42 3 Challenges and criticism 00:27:33 4 See also Listening is a more natural way of learning, when compared to reading. Written language only began at around 3200 BC, but spoken language has existed long ago. Learning by listening is a great way to: - increases imagination and understanding - improves your listening skills - improves your own spoken accent - learn while on the move - reduce eye strain Now learn the vast amount of general knowledge available on Wikipedia through audio (audio article). You could even learn subconsciously by playing the audio while you are sleeping! If you are planning to listen a lot, you could try using a bone conduction headphone, or a standard speaker instead of an earphone. You can find other Wikipedia audio articles too at: https://www.youtube.com/channel/UCuKfABj2eGyjH3ntPxp4YeQ You can upload your own Wikipedia articles through: https://github.com/nodef/wikipedia-tts "The only true wisdom is in knowing you know nothing." - Socrates SUMMARY ======= Murabaḥah, murabaḥa or murâbaḥah (Arabic: مرابحة‎, derived from ribh Arabic: ربح‎, meaning profit) was originally a term of fiqh (Islamic jurisprudence) for a sales contract where the buyer and seller agree on the markup (profit) or "cost-plus" price for the item(s) being sold. In recent decades it has become a term for a very common form of Islamic (i.e. "shariah compliant") financing, where the price is marked-up in exchange for allowing the buyer to pay over time — for example with monthly payments (a contract with deferred payment being known as bai-muajjal). Murabaha financing is similar to a rent-to-own arrangement in the non-Muslim world, with the intermediary (i.e. the lending bank) retaining ownership of the item being sold until the loan is paid in full. There are also Islamic investment funds and sukuk (Islamic bonds) that use murabahah contracts.The purpose of murabaha is to finance a purchase without involving interest payments, which most Muslims (particularly most scholars) consider riba (usury) and thus haram (forbidden). Murabaha has come to be "the most prevalent" or "default" type of Islamic finance.A proper murâbaḥah transaction differs from conventional interest-charging loans in several ways. The buyer/borrower pays the seller/lender at an agreed upon higher price, instead of interest charges, but makes a religiously permissible "profit on the sale of goods". The seller/financer must take actual possession of the good before selling it to the customer; and must assume "any liability from delivering defective goods". Sources differ as to whether the seller is permitted to charge extra when payments are late, with some authors stating any late fees ought to be donated to charity, or not collected unless the buyer has "deliberately refused" to make a payment. For the rate of markup, murabaha contracts "may openly use" riba interest rates such as LIBOR, "as a benchmark", a practice approved of by the scholar Taqi Usmani.Conservative scholars promoting Islamic finance consider murabaha to be a "transitory step" towards a "true profit-and-loss-sharing mode of financing", and a "weak" or "permissible but undesirable" form of finance to be used where profit-and-loss-sharing is "not practicable." Critics/skeptics complain/note that in practice most "murabaḥah" transactions are merely cash-flows between banks, brokers and borrowers, with no buying or selling of commodities; that the profit or mark-up is based on the prevailing interest rate used in haram lending by the non-Muslim world; that "the financial outlook" of Islamic murabaha financing and conventional debt/loan financing is "the same", as is most everything else besides the terminology used.
Views: 1 wikipedia tts
Murabaha | Wikipedia audio article
 
32:30
This is an audio version of the Wikipedia Article: https://en.wikipedia.org/wiki/Murabaha 00:03:19 1 Religious justification 00:08:43 2 Islamic finance, use, variations 00:13:38 2.1 Variations 00:14:11 2.1.1 iBay' bithaman 'ajil/i 00:15:50 2.1.2 iBay' al-Ina/i 00:16:57 2.1.3 iBay' al-Tawarruq/i 00:20:41 2.2 Different countries 00:20:50 2.2.1 United States 00:21:35 3 Challenges and criticism 00:31:57 4 See also Listening is a more natural way of learning, when compared to reading. Written language only began at around 3200 BC, but spoken language has existed long ago. Learning by listening is a great way to: - increases imagination and understanding - improves your listening skills - improves your own spoken accent - learn while on the move - reduce eye strain Now learn the vast amount of general knowledge available on Wikipedia through audio (audio article). You could even learn subconsciously by playing the audio while you are sleeping! If you are planning to listen a lot, you could try using a bone conduction headphone, or a standard speaker instead of an earphone. Listen on Google Assistant through Extra Audio: https://assistant.google.com/services/invoke/uid/0000001a130b3f91 Other Wikipedia audio articles at: https://www.youtube.com/results?search_query=wikipedia+tts Upload your own Wikipedia articles through: https://github.com/nodef/wikipedia-tts Speaking Rate: 0.9076428669314315 Voice name: en-GB-Wavenet-D "I cannot teach anybody anything, I can only make them think." - Socrates SUMMARY ======= Murabaḥah, murabaḥa or murâbaḥah (Arabic: مرابحة‎, derived from ribh Arabic: ربح‎, meaning profit) was originally a term of fiqh (Islamic jurisprudence) for a sales contract where the buyer and seller agree on the markup (profit) or "cost-plus" price for the item(s) being sold. In recent decades it has become a term for a very common form of Islamic (i.e. "shariah compliant") financing, where the price is marked-up in exchange for allowing the buyer to pay over time — for example with monthly payments (a contract with deferred payment being known as bai-muajjal). Murabaha financing is similar to a rent-to-own arrangement in the non-Muslim world, with the intermediary (i.e. the lending bank) retaining ownership of the item being sold until the loan is paid in full. There are also Islamic investment funds and sukuk (Islamic bonds) that use murabahah contracts.The purpose of murabaha is to finance a purchase without involving interest payments, which most Muslims (particularly most scholars) consider riba (usury) and thus haram (forbidden). Murabaha has come to be "the most prevalent" or "default" type of Islamic finance.A proper murâbaḥah transaction differs from conventional interest-charging loans in several ways. The buyer/borrower pays the seller/lender at an agreed upon higher price, instead of interest charges, but makes a religiously permissible "profit on the sale of goods". The seller/financer must take actual possession of the good before selling it to the customer; and must assume "any liability from delivering defective goods". Sources differ as to whether the seller is permitted to charge extra when payments are late, with some authors stating any late fees ought to be donated to charity, or not collected unless the buyer has "deliberately refused" to make a payment. For the rate of markup, murabaha contracts "may openly use" riba interest rates such as LIBOR, "as a benchmark", a practice approved of by the scholar Taqi Usmani.Conservative scholars promoting Islamic finance consider murabaha to be a "transitory step" towards a "true profit-and-loss-sharing mode of financing", and a "weak" or "permissible but undesirable" form of finance to be used where profit-and-loss-sharing is "not practicable." Critics/skeptics complain/note that in practice most "murabaḥah" transactions are merely cash-flows between banks, brokers and borrowers, with no buying or selling of commodities; that the profit or mark-up is based on the prevailing interest rate used in haram lending by the non-Muslim world; that "the financial outlook" of Islamic murabaha financing and conventional debt/loan financing is "the same", as is most everything else besides the terminology used.
Views: 1 wikipedia tts
Takaful | Wikipedia audio article
 
15:05
This is an audio version of the Wikipedia Article: https://en.wikipedia.org/wiki/Takaful 00:01:15 1 Principles 00:02:24 1.1 Fiqh scholars 00:03:02 1.2 Argument against conventional insurance 00:04:30 1.3 Defense of conventional insurance 00:05:26 1.4 Scriptural basis 00:06:50 2 Takaful industry and models 00:07:01 2.1 History 00:09:18 2.2 Models 00:10:30 2.3 The iMudharabah/i model (profit-sharing) 00:12:46 3 Criticism Listening is a more natural way of learning, when compared to reading. Written language only began at around 3200 BC, but spoken language has existed long ago. Learning by listening is a great way to: - increases imagination and understanding - improves your listening skills - improves your own spoken accent - learn while on the move - reduce eye strain Now learn the vast amount of general knowledge available on Wikipedia through audio (audio article). You could even learn subconsciously by playing the audio while you are sleeping! If you are planning to listen a lot, you could try using a bone conduction headphone, or a standard speaker instead of an earphone. Listen on Google Assistant through Extra Audio: https://assistant.google.com/services/invoke/uid/0000001a130b3f91 Other Wikipedia audio articles at: https://www.youtube.com/results?search_query=wikipedia+tts Upload your own Wikipedia articles through: https://github.com/nodef/wikipedia-tts Speaking Rate: 0.9900956022148206 Voice name: en-GB-Wavenet-B "I cannot teach anybody anything, I can only make them think." - Socrates SUMMARY ======= Takaful (Arabic: التكافل‎, sometimes translated as "solidarity" or mutual guarantee) is a co-operative system of reimbursement or repayment in case of loss, organized as an Islamic or sharia compliant alternative to conventional insurance, which Takaful proponents believe contains forbidden riba (usury) and gharar (excessive uncertainty).Under takaful people and companies concerned about hazards make regular contributions ("donations") to be reimbursed or repaid to members in the event of loss, and managed on their behalf by a takaful operator. Like other Islamic finance products, Takaful is grounded in Islamic Muamalat (commercial and civil acts or dealings branch of Islamic law). By the end of 2011, the takaful industry had grown to $12 billion "contributions" and is forecast to reach $20 billion by 2017. The movement has been praised as providing "superior alternatives" to insurance that "reinvigorate human capital, emphasize personal dignity, community self-help, and economic self-development"; but also criticized as having "dwindled" in scope to an industry of "conventional insurance with Arabic terminology and language of contract."
Views: 1 wikipedia tts
Sukuk | Wikipedia audio article
 
41:52
This is an audio version of the Wikipedia Article: Sukuk 00:02:22 1 History 00:04:35 2 Industry 00:05:54 2.1 Secondary market 00:06:42 3 Principles 00:08:10 3.1 Similarities with bonds 00:09:17 3.2 Differences from bonds 00:11:05 4 Definitions, structure and characteristics 00:16:03 4.1 Issuing and payment process 00:18:03 4.2 Example 00:19:42 5 Challenges, criticism and controversy 00:19:53 5.1 Challenges 00:26:20 5.2 Criticism and controversy 00:31:29 6 Countries using Sukuk 00:31:39 6.1 Bahrain 00:31:51 6.2 Brunei 00:32:12 6.3 Egypt 00:32:43 6.4 Gambia 00:33:04 6.5 Indonesia 00:33:25 6.6 Iran 00:34:10 6.7 Malaysia 00:34:53 6.8 Kazakhstan 00:35:36 6.9 Kuwait 00:35:45 6.10 Pakistan 00:36:00 6.11 Qatar 00:36:21 6.12 Saudi Arabia 00:37:26 6.13 Singapore 00:38:27 6.14 Somalia 00:39:00 6.15 Turkey 00:39:47 6.16 United Arab Emirates 00:40:22 6.17 United Kingdom 00:40:56 6.18 Hong Kong 00:41:32 7 See also Listening is a more natural way of learning, when compared to reading. Written language only began at around 3200 BC, but spoken language has existed long ago. Learning by listening is a great way to: - increases imagination and understanding - improves your listening skills - improves your own spoken accent - learn while on the move - reduce eye strain Now learn the vast amount of general knowledge available on Wikipedia through audio (audio article). You could even learn subconsciously by playing the audio while you are sleeping! If you are planning to listen a lot, you could try using a bone conduction headphone, or a standard speaker instead of an earphone. You can find other Wikipedia audio articles too at: https://www.youtube.com/channel/UCuKfABj2eGyjH3ntPxp4YeQ You can upload your own Wikipedia articles through: https://github.com/nodef/wikipedia-tts "The only true wisdom is in knowing you know nothing." - Socrates SUMMARY ======= Sukuk (Arabic: صكوك‎ ṣukūk, plural of صك ṣakk, "legal instrument, deed, cheque") is the Arabic name for financial certificates, also commonly referred to as "sharia compliant" bonds. Sukuk are defined by the AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) as "securities of equal denomination representing individual ownership interests in a portfolio of eligible existing or future assets." The Fiqh academy of the OIC legitimized the use of sukuk in February 1988.Sukuk were developed as an alternative to conventional bonds which are not considered permissible by many Muslims as they pay interest and may finance businesses involved in non-Sharia-compliant activities (gambling, alcohol, pork, etc.). Sukuk securities are structured to comply with Sharia by paying profit, not interest—generally by involving a tangible asset in the investment. For example, Sukuk securities may have partial ownership of a property built by the investment company (and held in a Special Purpose Vehicle), so that sukuk holders can collect the property's profit as rent, (which is allowed under Islamic law). Because they represent ownership of real assets and (at least in theory) do not guarantee repayment of initial investment, sukuk resemble equity instruments, but like a bond (and unlike equity) regular payments cease upon their expiration. However, most sukuk are "asset-based" rather than "asset-backed"—their assets are not truly owned by their Special Purpose Vehicle, and their holders have recourse to the originator if there is a shortfall in payments.Different types of sukuk are based on different structures of Islamic contracts (Murabaha, Ijara, Istisna, Musharaka, Istithmar, etc.) depending on the project the sukuk is financing.According to the State of the Global Islamic Economy Report 2016/17, of the $2.004 trillion of assets being managed in a sharia compliant manner in 2014, $342 billion were sukuk, being made up of 2,354 sukuk issues.In common usage outside of Arabic-speaking countries, the word "sukuk" is often used both as singular as well as plural. (In the Arabic language, "sukuk" is plural, "sakk" is singular.)
Views: 3 wikipedia tts
History of Islamic economics | Wikipedia audio article
 
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This is an audio version of the Wikipedia Article: History of Islamic economics Listening is a more natural way of learning, when compared to reading. Written language only began at around 3200 BC, but spoken language has existed long ago. Learning by listening is a great way to: - increases imagination and understanding - improves your listening skills - improves your own spoken accent - learn while on the move - reduce eye strain Now learn the vast amount of general knowledge available on Wikipedia through audio (audio article). You could even learn subconsciously by playing the audio while you are sleeping! If you are planning to listen a lot, you could try using a bone conduction headphone, or a standard speaker instead of an earphone. You can find other Wikipedia audio articles too at: https://www.youtube.com/channel/UCuKfABj2eGyjH3ntPxp4YeQ You can upload your own Wikipedia articles through: https://github.com/nodef/wikipedia-tts "The only true wisdom is in knowing you know nothing." - Socrates SUMMARY ======= This is a sub-article of Islamic economics and Muslim world.Between the 9th and 14th centuries, the Muslim world developed many advanced concepts, techniques and use in production, investment, finance, economic development, taxation, property use such as Hawala, an early informal value transfer system, Islamic trusts known as waqf, systems of contract relied upon by merchants, a widely circulated common currency, cheques, promissory notes, early contracts, bills of exchange, and mufawada. Specific Islamic concepts involving money, property, taxation, charity and five pillars zakat (the "taxing of certain goods, such as harvest, with an eye to allocating these taxes to expand that are also explicitly defined, such as aid to the needy"); Gharar ("the interdiction of chance ... that is, of the presence of any element of uncertainty, in a contract (which excludes not only insurance but also the lending of money without participation in the risks); and riba (charging interest or at least high interest on money lent).These concepts, like others in Islamic law and jurisprudence, came from the "prescriptions, anecdotes, examples, and words of the Prophet, all gathered together and systematized by commentators according to an inductive, casuistic method." Sometimes other sources such as al-urf, (the custom), al-'aql (reason) or al-ijma (consensus of the jurists) were employed. In addition, Islamic law has developed areas of law that correspond to secular laws of contracts and torts. Self-described "Islamic economics" emerged in the 1945s, and as of 2004 "Islamic Banks" have been established in over 8p countries, and interest has been banned in three: Pakistan, Iran and the Sudan.
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UPF: Sharia Financing
 
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This video is for an upcoming article written for SBS Comedy about the United Patriots Front campaign against a mosque in the Australian town of Bendigo. Story can be found here: http://www.sbs.com.au/comedy/article/2015/10/14/anti-islamic-and-anti-facts-geniuses-leading-united-patriots-front Twitter: @MrAlexLC Original Video: https://www.youtube.com/watch?v=Qf2vrSgfPl0
SSC GD Constable | RPF | Muslim Invasion | General Studies Speed Quiz #4 with Shefali Ma'am
 
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Attempt this Speed Quiz on Muslim Invasion with our GS Expert Shefali Ma'am. Note down important points as they are important for SSC GD Constable & RPF SI & Constable Exam! Crack SSC CPO 2018-19 Exam with our Experts! Get Live Classes+Video Lessons+Quizzes+PDFs for just ₹2499/- Link : https://www.bit.ly/cpo-ssc Get RRB ALP CBT 2 Full Length Mock Tests + Live Discussions + Bonus Videos + PDFs for just ₹299/- Link : https://www.bit.ly/alp-live Join Testbook's Official Telegram Channel! Link : https://t.me/testbookcom Crack NIACL AO Exam with our Experts! Get Live Classes + Video Lessons + Quizzes + PDFs for just ₹3499/- Link : https://www.bit.ly/niacl-ao Crack SSC GD Constable 2018 Exam with our Experts! Get 300+ Video Lessons, 40+ Live & Doubt Classes + PDFs + Quizzes for just Rs. 1299/- Link: https://www.bit.ly/sscgdlc RRB ALP CBT 2 Crash Course (for Part A) @Rs. 699/- only. Learn from real experts: http://bit.ly/alp-cbt2 Crack SSC CGL 2018 with our Experts - Get Recorded Videos, Quizzes, Mock Test's, LIVE Videos and Much More. Click here - http://bit.ly/ssc-cgl-lc Crack DI & Caselet for Banking Exams Link : https://www.bit.ly/di-caselet 😱 Crack GA & Banking Awareness with Financial Guru Abhijeet Sir - Videos, Quizzes, PDFs + Secret Strategies @Offer Price Rs.1299 Only! 💰 Hurry Up! 500 Seats Only! Click Here - http://bit.ly/bank-lc GS Foundation Pocket Course : Link : http://bit.ly/2MUAWMb Stop buying Test Series again and again! Buy Testbook Pass and get Test Series for 65+ exams with 12 months validity. Get Testbook Pass now: http://bit.ly/tbpass Class Schedule for 19th January 2019 7:30 AM - 19th January Current Affairs : http://bit.ly/2DldJMZ 8:30 AM - ALP CBT | SSC GD | CPO | UPP | RPF GS Class : http://bit.ly/2VVtyRw 9:30 AM - ALP CBT | SSC GD | CPO | UPP | RPF Reasoning Class : http://bit.ly/2W1qV0B 10:30 AM - RRB ALP Quant Class : http://bit.ly/2RQtgwh 11:30 AM - SSC CGL English : http://bit.ly/2FI1JGF 12:30 PM - NIACL AO Reasoning Class : http://bit.ly/2T1EbAB 3:00 PM - SBI PO Reasoning Class : http://bit.ly/2RXXf5i 6:00 PM - IBPS Clerk Mains English Class : http://bit.ly/2szkBzZ 6:45 PM - IBPS Clerk Mains Reasoning Class : http://bit.ly/2DlMHF1 #liveclass #ssc #generalstudies #ssccgl ~ Watch SSC GD Constable Videos: https://www.youtube.com/watch?v=QQA_rfcMvjM&list=PLPOW4yzC55NnNrPNMTxYBOEVFvJfd9yQ5 ~ Watch General Studies Videos by Shefali Ma'am: https://www.youtube.com/watch?v=HOcJH4vFSZk&list=PLPOW4yzC55NmM528IWC4N_SzIokE4G6vc Moreover, visit Testbook Blog to find more such articles & boost your exam preparation. Stay tuned with Testbook’s YouTube channel and other socials (FB, Twitter, Instagram) to get instant updates on job notifications, current affairs, test series, free tests, recent exams and much more. Facebook - https://www.facebook.com/testbookdotcom/ Twitter - https://twitter.com/Testbookdotcom/ Instagram - https://www.instagram.com/testbookdotcom/ Download Testbook App - http://bit.ly/testbookmobileapp Download Current Affairs App - http://bit.ly/testbookCA
Views: 4389 Testbook.com
What is Halal Investing? With Sheikh Dr. Yasir Qadhi
 
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Wahed's Halal Investing Educational Series with Sheikh Dr. Yasir Qadhi continues! In this episode, Sheikh Dr. Yasir explains what halal investing is and whether it only requires the absence of interest. To know more about the technical details Sheikh Dr. Yasir is referring to, check out this article: https://journal.wahedinvest.com/the-halal-investing-guide/ This is a free YouTube series for everyone! Happy learning!
Views: 19507 Wahed Invest
Lessons from historical bank failures: the City of Glasgow Bank (1878) - Quarterly Bulletin article
 
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Find out the link between a public recital of the works of Shakespeare, a gang of ‘desperate adventurers’ and bank directors being sent to prison For more information see: http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2015/q102.pdf
Views: 3935 Bank of England
Dr. Necati Aydin Lecture on Scientific and Spritual Perspect
 
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Lecture Theme: The quest for happiness and success is not particular to any culture or society. It is a universal quest. Perhaps, human history is the history of pursuing happiness and success in a variety of different ways. However, despite this persistent search, happiness is still a missing element, at least for many people. Therefore, the search for happiness still continues. Before the current century, happiness was mainly an issue in religion, philosophy, and psychology. Now, it is increasingly seen in economics and medical research as well. There are new fields such as "Economics of Happiness" and "Neuroeconomics" covering happiness with respect to individual and social well-being. Currently, many western universities including top ones such as Harvard and Stanford universities offer such a course under the titles such as "science of happiness", "economics of happiness", "freedom, market, well-being", "happiness and economics", "the science of wellbeing", "the pursuit of happiness" etc. Dr.Aydin will provide a snapshot of success and happiness in personal and professional life from philosophical, spiritual, and scientific perspectives. He will share the views of Aristotle, Buddha, Bentham, Ghazali, and Nursi on happiness and success. He will present his recently published theory of human nature and happiness. He will also discuss the findings of recent studies including mind-reading through fMRI. Lecturer Bio: Short Bio: Dr. Necati Aydin currently works at Department of Economics, King Saud University. He conducts experimental studies on neuroeconomics using fMRI scanner. Dr. Aydin received his bachelor's degree in Public Finance, master's degree in International Economics, and doctoral degrees in both Education and Economics. He worked as a researcher at Florida State University and Florida TaxWatch Research Institute for nine years after receiving his first doctoral degree. He has conducted research in variety of topics including local and state government budget analysis, economic impact studies, tourism, higher education, virtual education, information technology, and Medicaid. He recently began working on Islamic economics, human nature, subjective well-being, and neureconomics. He has published theoretical paper and empirical papers on these matters. His paper titled "A Grand Theory of Human Nature and Happiness" was recently published by International Journal of Systems and Ethics . He will be presenting a paper titled "Islamic economics: new paradigm or old capitalism" at the upcoming 10th Harvard Forum on Islamic Finance. He will also present a paper titled "The Role of Islamic Banking and Finance in the Cultural Transformation of the GCC Region" at University of Cambridge in July 2012. In total, Dr. Aydin has completed around forty research projects; authored seven, translated two, and co-authored three books; and published many peer-reviewed articles. He also writes op-ed articles in Zaman, Yeni Safak on social and political issues. Recorded on March 21, 2012
Views: 727 AICUSA
Islamic Finance Clinic E10 - What is a contract?
 
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Instructor: Almir Colan | https://www.almircolan.com Almir Colan is a Director of Australian Centre for Islamic Finance (AUSCIF) Join Almir's email list: https://www.almircolan.com/ Facebook: https://www.facebook.com/AlmirColan.Page LinkedIN: https://au.linkedin.com/in/almircolan Twitter: https://twitter.com/almircolan #IslamicFinance
Views: 119 Almir Colan
E-Dinar update. EDR Marketcap Error. Islamic Financial Requirement?
 
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E-Dinar Cloud Mining update/News. Why is Coinmarketcap not updating EDR? E-Dinar is trying to meet. Islamic Financial Requirement? News Article: https://www.biznews.com/global-investing/2017/08/28/r33bn-transfer-uae-linked-edinar-edr-cryptocurrency/ LocalTrade: https://localtrade.pro/partner6945318950 EDR Marketcap Coinmarketcap E-Dinar https://coinmarketcap.com/currencies/e-dinar-coin/ EDR Bloack Chain https://blockchain.mn/ Islamic Financial Requirment https://www.islamicfinance.com/2014/12/the-main-requirements-of-islamic-finance/ https://en.wikipedia.org/wiki/Islamic_banking_and_finance All Links to Localtrade and free faucets: Step 1: Sign up with Exchange LocalTrade https://localtrade.pro/partner6945318950 Step 2: Coinpot (the email you use will be the same for the faucets) https://coinpot.co/ Step 3: Sign up with affiliated coinpot faucets with your coinpot email address. Bitfun http://bitfun.co/?ref=2F7EF54FE286 BonusBitcoin (Change claim settings to average for more) http://bonusbitcoin.co/?ref=6DEFD1E1BC6C Moon Litecoin http://moonliteco.in/?ref=e7a8e115fb9c Moon BitcoinCash http://moonb.ch/?ref=473D66F24A3F Moon Bitcoin http://moonbit.co.in/?ref=9ea76bfabd5d Moon Doge http://moondoge.co.in/?ref=62f21a633c61 Moon DashBit http://moondash.co.in/?ref=0AA16B17FBCD Alt E-dinar buy only exchange, https://livecoin.net/?from=Livecoin-fcPmKTjT
Views: 248 Twisted Christian
Sukuk | Wikipedia audio article
 
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This is an audio version of the Wikipedia Article: https://en.wikipedia.org/wiki/Sukuk 00:02:30 1 History 00:04:52 2 Industry 00:06:16 2.1 Secondary market 00:07:07 3 Principles 00:08:41 3.1 Similarities with bonds 00:09:51 3.2 Differences from bonds 00:11:47 4 Definitions, structure and characteristics 00:17:05 4.1 Issuing and payment process 00:19:14 4.2 Example 00:21:00 5 Challenges, criticism and controversy 00:21:11 5.1 Challenges 00:28:02 5.2 Criticism and controversy 00:33:31 6 Countries using Sukuk 00:33:42 6.1 Bahrain 00:33:54 6.2 Brunei 00:34:17 6.3 Egypt 00:34:49 6.4 Gambia 00:35:12 6.5 Indonesia 00:35:34 6.6 Iran 00:36:22 6.7 Malaysia 00:37:07 6.8 Kazakhstan 00:37:52 6.9 Kuwait 00:38:01 6.10 Pakistan 00:38:17 6.11 Qatar 00:38:39 6.12 Saudi Arabia 00:39:47 6.13 Singapore 00:40:51 6.14 Somalia 00:41:26 6.15 Turkey 00:42:16 6.16 United Arab Emirates 00:42:52 6.17 United Kingdom 00:43:27 6.18 Hong Kong 00:44:06 7 See also Listening is a more natural way of learning, when compared to reading. Written language only began at around 3200 BC, but spoken language has existed long ago. Learning by listening is a great way to: - increases imagination and understanding - improves your listening skills - improves your own spoken accent - learn while on the move - reduce eye strain Now learn the vast amount of general knowledge available on Wikipedia through audio (audio article). You could even learn subconsciously by playing the audio while you are sleeping! If you are planning to listen a lot, you could try using a bone conduction headphone, or a standard speaker instead of an earphone. Listen on Google Assistant through Extra Audio: https://assistant.google.com/services/invoke/uid/0000001a130b3f91 Other Wikipedia audio articles at: https://www.youtube.com/results?search_query=wikipedia+tts Upload your own Wikipedia articles through: https://github.com/nodef/wikipedia-tts Speaking Rate: 0.9058909746506929 Voice name: en-GB-Wavenet-A "I cannot teach anybody anything, I can only make them think." - Socrates SUMMARY ======= Sukuk (Arabic: صكوك‎ ṣukūk, plural of صك ṣakk, "legal instrument, deed, cheque") is the Arabic name for financial certificates, also commonly referred to as "sharia compliant" bonds. Sukuk are defined by the AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) as "securities of equal denomination representing individual ownership interests in a portfolio of eligible existing or future assets." The Fiqh academy of the OIC legitimized the use of sukuk in February 1988.Sukuk were developed as an alternative to conventional bonds which are not considered permissible by many Muslims as they pay interest and may finance businesses involved in non-Sharia-compliant activities (gambling, alcohol, pork, etc.). Sukuk securities are structured to comply with Sharia by paying profit, not interest—generally by involving a tangible asset in the investment. For example, Sukuk securities may have partial ownership of a property built by the investment company (and held in a Special Purpose Vehicle), so that sukuk holders can collect the property's profit as rent, (which is allowed under Islamic law). Because they represent ownership of real assets and (at least in theory) do not guarantee repayment of initial investment, sukuk resemble equity instruments, but like a bond (and unlike equity) regular payments cease upon their expiration. However, most sukuk are "asset-based" rather than "asset-backed"—their assets are not truly owned by their Special Purpose Vehicle, and their holders have recourse to the originator if there is a shortfall in payments.Different types of sukuk are based on different structures of Islamic contracts (Murabaha, Ijara, Istisna, Musharaka, Istithmar, etc.) depending on the project the sukuk is financing.According to the State of the Global Islamic Economy Report 2016/17, of the $2.004 trillion of assets being managed in a sharia compliant manner in 2014, $342 billion were sukuk, being made up of 2,354 sukuk issues.In common usage outside of Arabic-speaking countries, the word "sukuk" is often used both as singular as well as plural. (In the Arabic language, "sukuk" is plural, "sakk" is singular.)
Views: 1 wikipedia tts