This article presents a case study on the integration of information technology systems in an Islamic bank in the developing world.
This article outlines the fundamental principles of Islamic economics largely from an historical and Qur'anic perspective, along with the relationship to economic development more broadly. Communist and capitalist systems, while well suited for generating material wealth, do not fulfil spiritual needs, and are forced to enact strict legal systems to maintain order. The Islamic economic system is evaluated as a potential solution to poverty in the United States, with the collection and distribution of zaka as one instrument of lessening inequality.
This article evaluates the epistemological and historical differences between
This article examines
In this interview with Michael Hanlon, the M1anaging Director of the Islamic Bank of Britain, he discusses the difficulties that encountered the process of establishment of the bank. He tackles some issues such as the type of services offered by the bank and to what extent the bank could rise to the competition with conventional banking. TM
Russia's sole Islamic bank, Badr-Forte Bank, reported a dramatic increase in turnover for the first nine months of 2000 resulting from the recent surge in oil prices causing the Russian economy to be awash with liquidity. The Bank has been increasing its capital base cautiously and, equally cautiously, increasing its trade financing in Asia, Africa, and the Middle East. Return on financing is slightly up.