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Israel to approve four West Bank settlements

The Israeli government says it is taking steps to approve four new settler outposts in the Occupied West Bank, in a decision condemned by Palestinian ...

Iranian cleric says women can’t be president

TEHRAN: A member of Iran’s constitutional watchdog group insists that women cannot be presidential candidates, a report said Thursday, effectively killing the largely symbolic bids by about 30 women seeking ...

North Carolina Moves to Ban Shari`ah

A bill banning the recognition of Islamic Shari`ah in state courts is set for a final vote in North Carolina on Thursday, May 16, a move seen as only aiming ...

Tunisia agrees on semi-presidential system

Tunisia's Ennahda Party's Secretary General Rashid al-Ghannushi stated on Wednesday that semi-presidential system was agreed ...

Israel to approve four West Bank settlements

Iranian cleric says women can’t be president

North Carolina Moves to Ban Shari`ah

Tunisia agrees on semi-presidential system

How revelatoin starts with the Prophet Muhammad (PBUH) PDF Print E-mail
Published by Maularna   
Thursday, 12 May 2011 12:03

PROMOTION OF SUNNAH IN ISLAM-WORLD.NET

It is a great mercy of Allah (SWT) and our immense pleasure to create a forum for Hadith and Sunnah of our beloved Prophet Muhammad Sallallahu Alihi Wasallam in Islamic-World.Net. We will approach Sunnah-related articles and information through all available sources. We will not forget to mention the references and it will be on one hand promotion of the web-sites from where we refer and on the other hand it will be sadqah Jariah and Dawah to everybody on our earth. Allah (SWT) bestow his mercy and blessing on everybody involved in this glorious Da'wah together and let us have a bode in the firdawsi Paradise with Prophets and Swaliheen.
HOW REVELATION STARTS WITH THE PROPHET MUHAMMAD (PBUH)

 
CONCEPT OF GRACE IN THE QURAN PDF Print E-mail
Published by tislam   
Thursday, 14 April 2011 10:58
Yasien Mohamed

The word ‘grace’ refers to God’s favour and mercy, it also refers to man’s generosity and benevolence. We deal with both meanings below. God’s grace is expressed in al-Rahman, which implies that he has granted the creation favours (ni‘ma), irrespective of whether they believe in him or not, but he has granted special favours to those servants who have submitted to him with sincerity and love. The ninety-nine attributes of God mentioned in the Quran are repeated daily by Muslims, which means they make a deep impression on their consciousness.

Among the frequent attributes mentioned are: al-Rahman (the Merciful;170 times), al-Rahim (the Compassionate;227 times), al-Ghaffar and al- Ghafur (the Forgiving; 97 times) and al- Latif (the Kind; 7 times). Thus God is not only just, but also merciful. He is God, other than whom there is no god. He knows the unseen and the seen. He is the Merciful, the Compassionate . . . To Him belong the most beautiful names. Whatever is in the heavens and on earth glorifies Him and He is the exalted in Might, the Wise. (59.23–4)

 
Financial Engineering in Islamic Finance PDF Print E-mail
Published by Abdul Ghani   
Thursday, 04 October 2012 10:49
Zamir Iqbal

EXECUTIVE SUMMARY

The objective of this article is to examine the scope of financial  innovation and engineering within an Islamic financial system.
The article concludes that, contrary to common belief, Islamic  finance provides the basic building blocks that can be used to construct more complex instruments that will enhance liquidity and offer risk management tools. With the introduction of asset securitization and swap transactions conforming to Islamic principles, the issues of secondary markets and risk management can be addressed. The first section discusses the significance of innovation in Islamic financial markets. The second section discusses the process of introducing new products in the market and their scope. The third section illustrates an Islamic form of asset securitization as an example of financial engineering. The fourth section evaluates the structure of a commodity swap transaction to determine its validity. And finally, the fifih section concludes the discussion.
 
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