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PhD Islamic finance is a research-based program that helps candidates to secure a high position at top tier organizations. The doctorate degree produces scholars, who are competent to work in a variety of areas in Islamic banking and finance. PhD in Islamic banking and finance is accredited globally, and it is offered Full-Time / Part-Time through distance learning. http://ift.tt/2qTf1tN http://ift.tt/2vkcRBk Via: http://ift.tt/2tSMy5C
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Supply Chain Management Certification | Online Logistics and supply chain courses by AIMS - YouTube7/14/2017 Certified Supply Chain Expert (CSCE) from AIMS http://ift.tt/1Kpu0ji focuses on problem-solving abilities,... https://youtu.be/WkloI0JeUtk Via: http://ift.tt/2uqhSfg Audio track of a new article 7 Major Principles of Islamic Banking and Finance. Sound converstion made by Narro: http://ift.tt/2uVXCOL via AIMS http://ift.tt/2uChPJQ 7 Major Principles of Islamic Banking and FinanceIslam has set values and goals that meet all the economic and social requirements of the human life. Islam is a religion that not only focuses on the success of the afterlife but also organza the life of a person perfectly. The Islamic laws are known as Sharia that means clear path. In the present is banking system is against the principles of Islamic banking. Due to the reason, here we discuss the seven major principles of Islamic Banking and finance: 1. Profit and Loss Sharing:It is one of the best principles of Islamic finance where the partners will share their profit and loss according to the part they played in the business. There will be no guarantee on the rate of the returns that the Muslims will play the part of a partner and not a creditor. 2. Shared Risk:In the economic transactions, the risk sharing is promoted by the Islamic banking. When two or more parties will share the risk following the principles of Islamic banking the burden of the risk will be divided and reduced in the parties. So it will improve the economic activity of the state. 3. Riba:It can be regarded as the prohibition of interest:
4. Gharar:According to the Islamic finance principles, Muslims are not allowed to participate in the ambiguous and uncertain transactions. According to Islamic rules, both parties should have a proper control over the business. As well as the complete information should be shared with both parties so that the profit and loss will be equally shared. 5. Gambling:In Islam, the acquisition of wealth through evil means or participation in gambling is prohibited. It will protect the Muslims from the conventional insurance products because that is a type of gambling. On the other hand, Islamic banking works in Takaful that involves mutual responsibility and shared risks. 6. No Investment in Prohibited Industries:The industries that are harmful to society or have a threat to the social responsibilities are prohibited in Islam. They include:
According to the Islamic finance principles, you are not allowed to invest in such industries. You cannot even participate in the mutual funds that will help the industry to flourish. 7. Zakat:There is a property tax included in the rules of Islam that it known as Zakat, which allows the balanced distribution of wealth. According to the Islamic banking principles the fair amount of Zakat is deducted from the accounts of Muslim in the holy month of Ramadan. Islamic banks promote this social responsibility and distribute the amount among the needy. ConclusionSo we can say that the principles of Islamic finance guide us to invest in an industry that will help us to achieve the financial and social objectives that have been determined by Islam. The Islamic finance principles have been designed to make an economy successful. So it is a way of saving our money from being invested in a wrong path. Principles of Islamic finance are discussed in more details during diploma in Islamic banking programs, offered by institute of Islamic banking and finance at AIMS. The post 7 Major Principles of Islamic Banking and Finance appeared first on . source http://ift.tt/2sRmQRK via AIMS http://ift.tt/2uC05yk
Diploma in supply chain management is divided into two levels. It holds a good global ranking and reputation, due to its academic excellence, quality of curriculum, and faculty strength. http://ift.tt/2s1V6cV... http://flic.kr/p/W6aNhz
via AIMS http://ift.tt/2sMKg7z Introduction to globally accredited mba islamic finance degree from AIMS (http://ift.tt/2tFnNt9). It is a 100% online islamic finance degree, and lectures are delivered through flexible learning system. MBA in Islamic banking and finance is ideal for bankers and finance professionals, who are seeking career and growth in Islamic finance industry. via AIMS http://ift.tt/2sMYPrJ
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http://ift.tt/2sJhcOl MBA Project Management is a 41 credit hours internationally accredited project management degree. It is offered 100% online through highly interactive and flexible learning system. via YouTube https://youtu.be/Hjd3pqSI3WM via AIMS http://ift.tt/2rYPM9U |
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