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Showing posts from December 23, 2012

Islamic Banking

There are so many banks that have been established under Sharia Islamic religion around the world. Islamic banking (or participant banking) (Arabic: المصرفية الإسلامية‎) is banking or banking activity that is consistent with the principles of sharia law and its practical application through the development of Islamic economics. Sharia prohibits the fixed or floating payment or acceptance of specific interest or fees (known as riba, or usury) for loans of money. Investing in businesses that provide goods or services considered contrary to Islamic principles is also haraam ("sinful and prohibited"). Although these principles have been applied in varying degrees by historical Islamic economies due to lack of Islamic practice, only in the late 20th century were a number of Islamic banks formed to apply these principles to private or semi-private commercial institutions within the Muslim community. ( Wikipedia ) In principle, the Islamic banking aims to avoid the way of money ...

The Islamic Research Foundation (IRF)

The Islamic Research Foundation (IRF), which was established in February 1991 in Mumbai, India is a registered non-profit public charitable trust. IRF become the seat of the Islamic da'wah in order to remove the misconceptions about Islam and to enhance the understanding of Islam among Muslims who are less aware. To carry out activities, IRF uses advanced technology viable so it can be accessed from anywhere and by anyone as through various presentations on international television, cable TV, internet, and print media. Activities that dikaukan The Islamic Research Foundation provides much needed understanding about the truth and excellence of Islamic teachings - based on the glorious Qur'an and authentic Hadith, and follow reason, logic and scientific facts. If we want to gain knowledge and to gain an understanding of Islam through the internet, we are able to access Islamic Research Foundation through http://www.irf.net . On the site everyone (Muslims and non-Muslim...