Factors of production
•Download as PPTX, PDF•
3 likes•5,319 views
This document discusses the Islamic viewpoints on factors of production according to a lecture on Islamic economics. It identifies the four main factors of production as land/natural resources, labor, capital, and organization/entrepreneurship. For each factor, it provides relevant Quranic verses and explanations of their meanings and importance in an Islamic economic framework.
Report
Share
Report
Share
Recommended
Islamic Economic System
This document provides an overview of the Islamic economic system. It discusses the ideological basis of Islam compared to capitalism and socialism. The Islamic approach balances rights to private property with equality and justice. Key aspects of the Islamic economic system include equitable distribution of wealth through zakat and prohibitions on interest to prevent concentration of wealth. The goal is for a spiritual and legal system that allows market forces within divine restrictions to ensure fair circulation of resources.
Introduction to Islamic economics and finance system
The document provides an overview of the evolution and growth of the Islamic financial system over the past six decades. It begins by noting that Islamic finance originated in Egypt in the 1960s with the establishment of the first social bank based on profit and loss sharing principles. It then discusses how Islamic finance later spread to other countries like Pakistan and gained more widespread acceptance. The document highlights influential figures like Dr. Ahmed Al Naggar who helped establish early Islamic banks and organizations to support the development of Islamic finance education and standards. It concludes by noting that Islamic finance has now grown to be a major component of the financial systems in many Muslim-majority countries and regions over the past 60 years.
Presentation on Riba (Interest)
There are two types of riba (interest) prohibited in Islam:
1) Riba al-nasiyah (interest on loans) which refers to any predetermined increase on a loan based on time.
2) Riba al-fadl (interest in exchange) which occurs when exchanging amounts of the same commodity if the amounts are not equal or not simultaneous.
The key differences between the two are that riba al-nasiyah involves lenders/borrowers while riba al-fadl involves sellers/buyers, and riba al-nasiyah considers time while riba al-fadl can occur in a spot transaction. Both ultimately aim to curb unfair
W2 ppt defining islamic economics
Islamic economics has two main paradigms - those who see it as a branch of general economics, and those who see it as an independent discipline. There is no consensus on the definition of Islamic economics. The document discusses various scholars' views on the nature and definition of Islamic economics. It argues that developing a scientific definition is important. The key aspects of an Islamic economic paradigm discussed are: it is based on the philosophy of Tawhid, Rububiyyah, Khilafah, Tazkiyah and accountability. The economic agent in an Islamic system is the "Muslim" whose behavior is guided by obedience to Allah and seeking falah. This forms the basis of microfoundations for an Islamic
Unit 4 (islamic law of contract)
This document discusses key concepts in Islamic contract law:
1. It defines a contract as an agreement between two or more parties through offer and acceptance regarding a subject matter, with mutual consent called an Aqd.
2. It outlines important terminologies - undertaking, unilateral promise, and bi-lateral promise - and distinguishes between promises and contracts.
3. It explains the basic elements of a valid Islamic contract, including specified parties and subject matter, offer and acceptance, and transfer of ownership.
Riba and its causes
Riba refers to interest paid on loans, which is prohibited in Islam. There are two main types of riba - riba al-nasiyah which is interest on loans, and riba al-fadl which involves exploiting unequal exchanges of commodities. The Quran and hadith clearly forbid riba. Riba causes injustice, greed, inflation and burdens poor nations with unsustainable debt. Muslims should avoid taking out loans with interest and instead use riba-free banking options or borrow from family/friends interest-free. Strictly following Islamic financial principles can help society avoid the harms of riba.
Islamic economic system and islamic banking
The document provides an outline and introduction to Islamic economics. It begins by defining conventional economics and discussing the four basic economic problems. It then contrasts capitalism and socialism, noting flaws in both systems. Islamic economics is introduced as accepting market forces but with moral and legal prohibitions, notably the prohibition of riba (interest/usury). Riba is defined from the Quran and hadith as an agreed excess without due consideration. The document provides background on distinguishing currencies from commodities in economic transactions.
Islamic finance
Islamic Banking (IB) Definition: Islamic banking can be defined as: a form of modern banking based on Islamic legal concepts using risk- sharing as its main method excluding financing based on fixed pre- determined return.
Recommended
Islamic Economic System
This document provides an overview of the Islamic economic system. It discusses the ideological basis of Islam compared to capitalism and socialism. The Islamic approach balances rights to private property with equality and justice. Key aspects of the Islamic economic system include equitable distribution of wealth through zakat and prohibitions on interest to prevent concentration of wealth. The goal is for a spiritual and legal system that allows market forces within divine restrictions to ensure fair circulation of resources.
Introduction to Islamic economics and finance system
The document provides an overview of the evolution and growth of the Islamic financial system over the past six decades. It begins by noting that Islamic finance originated in Egypt in the 1960s with the establishment of the first social bank based on profit and loss sharing principles. It then discusses how Islamic finance later spread to other countries like Pakistan and gained more widespread acceptance. The document highlights influential figures like Dr. Ahmed Al Naggar who helped establish early Islamic banks and organizations to support the development of Islamic finance education and standards. It concludes by noting that Islamic finance has now grown to be a major component of the financial systems in many Muslim-majority countries and regions over the past 60 years.
Presentation on Riba (Interest)
There are two types of riba (interest) prohibited in Islam:
1) Riba al-nasiyah (interest on loans) which refers to any predetermined increase on a loan based on time.
2) Riba al-fadl (interest in exchange) which occurs when exchanging amounts of the same commodity if the amounts are not equal or not simultaneous.
The key differences between the two are that riba al-nasiyah involves lenders/borrowers while riba al-fadl involves sellers/buyers, and riba al-nasiyah considers time while riba al-fadl can occur in a spot transaction. Both ultimately aim to curb unfair
W2 ppt defining islamic economics
Islamic economics has two main paradigms - those who see it as a branch of general economics, and those who see it as an independent discipline. There is no consensus on the definition of Islamic economics. The document discusses various scholars' views on the nature and definition of Islamic economics. It argues that developing a scientific definition is important. The key aspects of an Islamic economic paradigm discussed are: it is based on the philosophy of Tawhid, Rububiyyah, Khilafah, Tazkiyah and accountability. The economic agent in an Islamic system is the "Muslim" whose behavior is guided by obedience to Allah and seeking falah. This forms the basis of microfoundations for an Islamic
Unit 4 (islamic law of contract)
This document discusses key concepts in Islamic contract law:
1. It defines a contract as an agreement between two or more parties through offer and acceptance regarding a subject matter, with mutual consent called an Aqd.
2. It outlines important terminologies - undertaking, unilateral promise, and bi-lateral promise - and distinguishes between promises and contracts.
3. It explains the basic elements of a valid Islamic contract, including specified parties and subject matter, offer and acceptance, and transfer of ownership.
Riba and its causes
Riba refers to interest paid on loans, which is prohibited in Islam. There are two main types of riba - riba al-nasiyah which is interest on loans, and riba al-fadl which involves exploiting unequal exchanges of commodities. The Quran and hadith clearly forbid riba. Riba causes injustice, greed, inflation and burdens poor nations with unsustainable debt. Muslims should avoid taking out loans with interest and instead use riba-free banking options or borrow from family/friends interest-free. Strictly following Islamic financial principles can help society avoid the harms of riba.
Islamic economic system and islamic banking
The document provides an outline and introduction to Islamic economics. It begins by defining conventional economics and discussing the four basic economic problems. It then contrasts capitalism and socialism, noting flaws in both systems. Islamic economics is introduced as accepting market forces but with moral and legal prohibitions, notably the prohibition of riba (interest/usury). Riba is defined from the Quran and hadith as an agreed excess without due consideration. The document provides background on distinguishing currencies from commodities in economic transactions.
Islamic finance
Islamic Banking (IB) Definition: Islamic banking can be defined as: a form of modern banking based on Islamic legal concepts using risk- sharing as its main method excluding financing based on fixed pre- determined return.
The difference between the economic system
The document compares and contrasts Islamic economics with conventional/capitalist economics. It defines Islamic economics as an economic system based on the teachings of Islam as derived from the Quran, Sunnah, ijma and qiyas. Some key characteristics of Islamic economics are that wealth belongs to God, it is tied to theology/sharia law and morality, and seeks a balance between spirituality and materialism. It differs from conventional economics in that human welfare considers both physical and spiritual well-being, the government plays an active role in supervision, and profit is only recognized if obtained through halal means.
Principles of Islamic Economics In The Light Of the Holy Quran and Sunnah
The purpose of this research is to review the principles of Islamic economy with reference to injunctions of Islam. This paper presents selected literature relating to the principles of Economics of Islam according to the Holy Quran. The study of the Holy Quran reveals that the basic principles of Islamic Economy are briefly discussed in the Holy Book while the details are elaborated in the Ahadith(Traditions of the Holy Prophet S.A.W). These principles have been transformed into inferred rules by the AIMAS (Mujtahdeen) in the light of the Holy Quran and the Ahadith. To ensure economic equality, Allah the Al mighty, has directed the rich(wealthy) people to share their financial resources with the needy people. This ensures equal distribution of wealth in the society. Through Islamic Economic System, the concept of Welfare State can be successfully implemented, As practically demonstrated by Companions of the Holy Prophet (S.A .W)(Khulafa-ERashideen)During their Rule(Caliphate) for a period of about 30 years. Allah Ta’ala has promised to provide livelihood to every soul, as such; nobody lives without food and the means of livelihood in this way, equality in economic right has been ensured for all. If the principles of Islamic economy are implemented in letter and spirit, it will contribute towards the economic development in the society. An Economic System based on the Quranic principles of equitable society and productive investment can effectively remove much of the chronic economic illnesses as suffered by the Modern Society
Socialism vs Islamic Economic System
1. The document discusses the differences between Islamic economics and socialism/communism in regards to poverty alleviation.
2. Under socialism, individuals' earnings are confiscated by the state and redistributed equally, which can create a coercive environment. However, Islamic economics allows for a free market as long as activities are sharia compliant.
3. Both socialism and communism restrict private property rights, whereas Islam allows private property ownership but with the condition that Allah is the true owner and taxes like zakat must be paid.
Presentation1 (1)
Mudarabah is an Islamic contract where one party provides capital to another party for investing in a commercial enterprise. The capital provider is called rabb-ul-mal and the manager is called mudarib. Profits are shared according to a predetermined ratio, while losses are solely borne by the capital provider except in cases of misconduct or negligence by the mudarib. There are two main types of mudarabah - restricted and unrestricted. The contract can be terminated by either party with notice. Mudarabah is used by Islamic banks to accept deposits and invest funds on behalf of depositors based on profit and loss sharing. However, there are also risks involved for the banks in applying mudarabah.
Musharakah presentation slides
The document discusses Musharakah, which is an Islamic financing structure based on profit-and-loss sharing partnership. It defines Musharakah and various types of Shirkah (partnership). It also describes how Musharakah works as a financing model, including diminishing Musharakah. The key differences between interest-based financing and Musharakah are that Musharakah shares profits and losses between partners according to contribution ratios, while interest guarantees a fixed return. The document proposes using market prices and rental data rather than interest rates to determine profit rates for Musharakah financing.
Introduction of islamic banking
Islamic banking provides an interest-free alternative to conventional banking based on Shariah (Islamic law) principles. It prohibits Riba (usury or interest) and involves profit/loss sharing arrangements. While still evolving, Islamic banking has grown significantly in recent decades and shows potential to mobilize resources and support economic development in accordance with Islamic values. However, it also faces ongoing challenges in translating principles into practical products and services.
Riba prohibited in islam
This slide program explains in the light of Quran and Hadith that Riba transactions are prohibited in Islam. It provides replies to the questions raised about prohibition of Riba.
Modes of islamic finance
1. Murabaha is an Islamic financing technique where a financier purchases an asset for a customer and sells it to them at an agreed upon higher price, incorporating a disclosed profit amount.
2. It involves the customer first requesting the purchase from the financier. The financier then appoints the customer as an agent to identify and procure the asset. Once purchased, ownership is transferred to the financier before being sold to the customer.
3. The transaction involves two separate contracts - one where the customer acts as the financier's agent in purchasing the asset, and another where the customer acts as buyer and the financier as seller, with ownership transferring upon sale. This ensures risks are properly assumed under
Islamic Economics System vs Conventional Economics System
Group assignment on topic Islamic Economics System vs Conventional Economics System for Foundation of Islamic Economics (ECON 1710) course
Chapter 6: Islamic Financial System
The document provides an overview of Islamic financial systems and principles. It discusses that Islamic finance prohibits riba (interest), gharar (excessive risk), and maysir (gambling). It outlines various Islamic banking contracts and instruments like mudarabah (profit-sharing), musharakah (partnership), murabahah (cost-plus financing), ijarah (leasing), and sukuk (Islamic bonds). The principles of Islamic finance are that wealth must be generated through legitimate and ethical means, risks should be shared, and harmful activities avoided.
Economic system of islam
1) The document discusses the Islamic principles of production, distribution, consumption of goods and services. It emphasizes moderation, justice, mutual cooperation and forbidding interest/riba.
2) Islam encourages legitimate trade and business through principles like truthfulness, fairness, honesty and respect. Circulation of wealth is important for a strong economy. Zakat, ushr, sadaqat and jizyah are means approved in Islam to ensure circulation.
3) The document contrasts the Islamic economic system, which taxes necessities less and emphasizes mutual assistance, with capitalism, which can overly tax people and lead to issues like poverty through compound interest rates. Moderation and avoiding oppression of others are
Islam
1. The document discusses the key concepts and principles of Islamic economics according to various scholars and sources.
2. It outlines the basic principles of Islamic economics such as individual liberty, right to property, social equality, and prohibition of accumulation of wealth by certain groups.
3. Ibn Khaldun is highlighted as a pioneering thinker in economics who made important contributions centuries before Adam Smith, including theories on labor, value, demand and supply, prices, profits, growth, taxation, and foreign trade.
Distribution Of Wealth
The document discusses Islamic principles related to wealth distribution and prohibitions on riba (interest or usury). It provides classifications of riba according to different Islamic scholars. Riba is generally prohibited in Islam as it can lead to injustice and oppression. There are two main types of riba: Riba al-Nasiyah (interest on loans) and Riba al-Fadl (excess received in exchange of commodities). Scholars differ on the exact definition of commodities covered under Riba al-Fadl.
Introduction to Islamic Economic System
This document provides an introduction to the Islamic economic system. It discusses key concepts such as zakat (mandatory charity), public ownership of vital resources, currency based on gold and silver, and a prohibition on interest. Zakat facilitates wealth redistribution from rich to poor. Public ownership ensures equal access to necessities and prevents monopolization. An interest-free system is evidenced by Quranic verses. Copyright and patents are also discussed. Overall the document outlines some of the fundamental principles of Islamic economics.
In search of islamic economics system p 1
Islamic economic is the social uplift system of the communtiy that is base on Exploration of Resourses, utilize and distributed on Social Justice
Islamic capital market
The document discusses the Islamic capital market in Malaysia. It provides context on how the market functions in accordance with Shariah principles, prohibiting activities like riba (usury), maisir (gambling), and gharar (ambiguity). It then outlines some key components of the Islamic capital market, including various capital market products available for Muslim investors and the criteria for Shariah-compliant securities listed on Bursa Malaysia.
Chapter 3 Islamic Economic System and Conventional
Chapter 3 Islamic Economic System and ConventionalMohd Adib Abd Muin, Senior Lecturer at Universiti Utara Malaysia
This document provides an overview of different economic systems including conventional, capitalist, communist/socialist, mixed, and Islamic systems. It discusses key principles such as private property and profit motive in capitalism, nationalization and equality in communism/socialism, and a mixture of public and private ownership in mixed economies. The Islamic economic system is defined as studying human behavior in using resources for individual and community benefit according to Sharia principles like tauhid and khalifah. It aims to fulfill the maqasid or purposes of Sharia like preserving religion, intellect, life, property, and dignity. In conclusion, while businesses generally seek profit, Islamic economy emphasizes using resources for broader human and social welfare within Sharia guidelines.Concept of RIBA, Interest & Profit in Islamic Economics System
RIBA does not justify money to be a medium of exchange and develop a love of money, greed and selfishness instead of respect for the money for socioeconomic development for the humanity.
4. capitalism and islamic economic system
This lecture discusses different economic systems in the world including capitalism and Islamic economic systems. It outlines some key principles of Islamic finance including a prohibition on interest, risk sharing, and sharia-approved activities. It then compares capitalism and Islamic economics, noting that while capitalism allows unlimited private ownership and economic freedom, Islamic economics places restrictions to prevent exploitation and ensure a fair distribution of wealth.
Islamic Finance
The document provides an overview of Islamic finance instruments, with a focus on Murabaha. It defines Murabaha as a sale transaction where the seller discloses the cost of goods to the buyer and adds a known profit margin. The key steps of a Murabaha transaction are that the bank appoints the client as an agent to purchase goods, then the bank sells those goods to the client on a deferred payment basis at a marked-up price including the disclosed profit. Several legal documents are required to structure a Sharia-compliant Murabaha deal.
Introduction to Business and its Environment
This document provides an introduction to business and its environment. It defines business as an organized activity that supplies goods and services for profit. It then discusses the need for business in terms of regular supply, optimal resource use, job creation, revenue generation, social welfare, and economic growth. The document outlines the scope of business including industries like manufacturing, construction, and services, as well as commerce elements like trade, retail, wholesale, and financial services. It also discusses the roles and objectives of business for firms, consumers, and society.
indian economy
The document contains 10 multiple choice questions related to Indian economic planning and development. It tests knowledge on objectives of planning in India, institutions like the Planning Commission and NABARD, key plans and policies, and demographic and agricultural milestones. The key details assessed include objectives of planning being modernization, growth and self-reliance; Planning Commission being constituted in 1950; second industrial policy in 1956; plan holiday period of 1966-1969; nature of economy pre-independence being stagnant, backward and underdeveloped; and 1921 being called the 'great divide' in demographic transition.
More Related Content
What's hot
The difference between the economic system
The document compares and contrasts Islamic economics with conventional/capitalist economics. It defines Islamic economics as an economic system based on the teachings of Islam as derived from the Quran, Sunnah, ijma and qiyas. Some key characteristics of Islamic economics are that wealth belongs to God, it is tied to theology/sharia law and morality, and seeks a balance between spirituality and materialism. It differs from conventional economics in that human welfare considers both physical and spiritual well-being, the government plays an active role in supervision, and profit is only recognized if obtained through halal means.
Principles of Islamic Economics In The Light Of the Holy Quran and Sunnah
The purpose of this research is to review the principles of Islamic economy with reference to injunctions of Islam. This paper presents selected literature relating to the principles of Economics of Islam according to the Holy Quran. The study of the Holy Quran reveals that the basic principles of Islamic Economy are briefly discussed in the Holy Book while the details are elaborated in the Ahadith(Traditions of the Holy Prophet S.A.W). These principles have been transformed into inferred rules by the AIMAS (Mujtahdeen) in the light of the Holy Quran and the Ahadith. To ensure economic equality, Allah the Al mighty, has directed the rich(wealthy) people to share their financial resources with the needy people. This ensures equal distribution of wealth in the society. Through Islamic Economic System, the concept of Welfare State can be successfully implemented, As practically demonstrated by Companions of the Holy Prophet (S.A .W)(Khulafa-ERashideen)During their Rule(Caliphate) for a period of about 30 years. Allah Ta’ala has promised to provide livelihood to every soul, as such; nobody lives without food and the means of livelihood in this way, equality in economic right has been ensured for all. If the principles of Islamic economy are implemented in letter and spirit, it will contribute towards the economic development in the society. An Economic System based on the Quranic principles of equitable society and productive investment can effectively remove much of the chronic economic illnesses as suffered by the Modern Society
Socialism vs Islamic Economic System
1. The document discusses the differences between Islamic economics and socialism/communism in regards to poverty alleviation.
2. Under socialism, individuals' earnings are confiscated by the state and redistributed equally, which can create a coercive environment. However, Islamic economics allows for a free market as long as activities are sharia compliant.
3. Both socialism and communism restrict private property rights, whereas Islam allows private property ownership but with the condition that Allah is the true owner and taxes like zakat must be paid.
Presentation1 (1)
Mudarabah is an Islamic contract where one party provides capital to another party for investing in a commercial enterprise. The capital provider is called rabb-ul-mal and the manager is called mudarib. Profits are shared according to a predetermined ratio, while losses are solely borne by the capital provider except in cases of misconduct or negligence by the mudarib. There are two main types of mudarabah - restricted and unrestricted. The contract can be terminated by either party with notice. Mudarabah is used by Islamic banks to accept deposits and invest funds on behalf of depositors based on profit and loss sharing. However, there are also risks involved for the banks in applying mudarabah.
Musharakah presentation slides
The document discusses Musharakah, which is an Islamic financing structure based on profit-and-loss sharing partnership. It defines Musharakah and various types of Shirkah (partnership). It also describes how Musharakah works as a financing model, including diminishing Musharakah. The key differences between interest-based financing and Musharakah are that Musharakah shares profits and losses between partners according to contribution ratios, while interest guarantees a fixed return. The document proposes using market prices and rental data rather than interest rates to determine profit rates for Musharakah financing.
Introduction of islamic banking
Islamic banking provides an interest-free alternative to conventional banking based on Shariah (Islamic law) principles. It prohibits Riba (usury or interest) and involves profit/loss sharing arrangements. While still evolving, Islamic banking has grown significantly in recent decades and shows potential to mobilize resources and support economic development in accordance with Islamic values. However, it also faces ongoing challenges in translating principles into practical products and services.
Riba prohibited in islam
This slide program explains in the light of Quran and Hadith that Riba transactions are prohibited in Islam. It provides replies to the questions raised about prohibition of Riba.
Modes of islamic finance
1. Murabaha is an Islamic financing technique where a financier purchases an asset for a customer and sells it to them at an agreed upon higher price, incorporating a disclosed profit amount.
2. It involves the customer first requesting the purchase from the financier. The financier then appoints the customer as an agent to identify and procure the asset. Once purchased, ownership is transferred to the financier before being sold to the customer.
3. The transaction involves two separate contracts - one where the customer acts as the financier's agent in purchasing the asset, and another where the customer acts as buyer and the financier as seller, with ownership transferring upon sale. This ensures risks are properly assumed under
Islamic Economics System vs Conventional Economics System
Group assignment on topic Islamic Economics System vs Conventional Economics System for Foundation of Islamic Economics (ECON 1710) course
Chapter 6: Islamic Financial System
The document provides an overview of Islamic financial systems and principles. It discusses that Islamic finance prohibits riba (interest), gharar (excessive risk), and maysir (gambling). It outlines various Islamic banking contracts and instruments like mudarabah (profit-sharing), musharakah (partnership), murabahah (cost-plus financing), ijarah (leasing), and sukuk (Islamic bonds). The principles of Islamic finance are that wealth must be generated through legitimate and ethical means, risks should be shared, and harmful activities avoided.
Economic system of islam
1) The document discusses the Islamic principles of production, distribution, consumption of goods and services. It emphasizes moderation, justice, mutual cooperation and forbidding interest/riba.
2) Islam encourages legitimate trade and business through principles like truthfulness, fairness, honesty and respect. Circulation of wealth is important for a strong economy. Zakat, ushr, sadaqat and jizyah are means approved in Islam to ensure circulation.
3) The document contrasts the Islamic economic system, which taxes necessities less and emphasizes mutual assistance, with capitalism, which can overly tax people and lead to issues like poverty through compound interest rates. Moderation and avoiding oppression of others are
Islam
1. The document discusses the key concepts and principles of Islamic economics according to various scholars and sources.
2. It outlines the basic principles of Islamic economics such as individual liberty, right to property, social equality, and prohibition of accumulation of wealth by certain groups.
3. Ibn Khaldun is highlighted as a pioneering thinker in economics who made important contributions centuries before Adam Smith, including theories on labor, value, demand and supply, prices, profits, growth, taxation, and foreign trade.
Distribution Of Wealth
The document discusses Islamic principles related to wealth distribution and prohibitions on riba (interest or usury). It provides classifications of riba according to different Islamic scholars. Riba is generally prohibited in Islam as it can lead to injustice and oppression. There are two main types of riba: Riba al-Nasiyah (interest on loans) and Riba al-Fadl (excess received in exchange of commodities). Scholars differ on the exact definition of commodities covered under Riba al-Fadl.
Introduction to Islamic Economic System
This document provides an introduction to the Islamic economic system. It discusses key concepts such as zakat (mandatory charity), public ownership of vital resources, currency based on gold and silver, and a prohibition on interest. Zakat facilitates wealth redistribution from rich to poor. Public ownership ensures equal access to necessities and prevents monopolization. An interest-free system is evidenced by Quranic verses. Copyright and patents are also discussed. Overall the document outlines some of the fundamental principles of Islamic economics.
In search of islamic economics system p 1
Islamic economic is the social uplift system of the communtiy that is base on Exploration of Resourses, utilize and distributed on Social Justice
Islamic capital market
The document discusses the Islamic capital market in Malaysia. It provides context on how the market functions in accordance with Shariah principles, prohibiting activities like riba (usury), maisir (gambling), and gharar (ambiguity). It then outlines some key components of the Islamic capital market, including various capital market products available for Muslim investors and the criteria for Shariah-compliant securities listed on Bursa Malaysia.
Chapter 3 Islamic Economic System and Conventional
Chapter 3 Islamic Economic System and ConventionalMohd Adib Abd Muin, Senior Lecturer at Universiti Utara Malaysia
This document provides an overview of different economic systems including conventional, capitalist, communist/socialist, mixed, and Islamic systems. It discusses key principles such as private property and profit motive in capitalism, nationalization and equality in communism/socialism, and a mixture of public and private ownership in mixed economies. The Islamic economic system is defined as studying human behavior in using resources for individual and community benefit according to Sharia principles like tauhid and khalifah. It aims to fulfill the maqasid or purposes of Sharia like preserving religion, intellect, life, property, and dignity. In conclusion, while businesses generally seek profit, Islamic economy emphasizes using resources for broader human and social welfare within Sharia guidelines.Concept of RIBA, Interest & Profit in Islamic Economics System
RIBA does not justify money to be a medium of exchange and develop a love of money, greed and selfishness instead of respect for the money for socioeconomic development for the humanity.
4. capitalism and islamic economic system
This lecture discusses different economic systems in the world including capitalism and Islamic economic systems. It outlines some key principles of Islamic finance including a prohibition on interest, risk sharing, and sharia-approved activities. It then compares capitalism and Islamic economics, noting that while capitalism allows unlimited private ownership and economic freedom, Islamic economics places restrictions to prevent exploitation and ensure a fair distribution of wealth.
Islamic Finance
The document provides an overview of Islamic finance instruments, with a focus on Murabaha. It defines Murabaha as a sale transaction where the seller discloses the cost of goods to the buyer and adds a known profit margin. The key steps of a Murabaha transaction are that the bank appoints the client as an agent to purchase goods, then the bank sells those goods to the client on a deferred payment basis at a marked-up price including the disclosed profit. Several legal documents are required to structure a Sharia-compliant Murabaha deal.
What's hot (20)
Principles of Islamic Economics In The Light Of the Holy Quran and Sunnah
Principles of Islamic Economics In The Light Of the Holy Quran and Sunnah
Islamic Economics System vs Conventional Economics System
Islamic Economics System vs Conventional Economics System
Chapter 3 Islamic Economic System and Conventional
Chapter 3 Islamic Economic System and Conventional
Concept of RIBA, Interest & Profit in Islamic Economics System
Concept of RIBA, Interest & Profit in Islamic Economics System
Similar to Factors of production
Introduction to Business and its Environment
This document provides an introduction to business and its environment. It defines business as an organized activity that supplies goods and services for profit. It then discusses the need for business in terms of regular supply, optimal resource use, job creation, revenue generation, social welfare, and economic growth. The document outlines the scope of business including industries like manufacturing, construction, and services, as well as commerce elements like trade, retail, wholesale, and financial services. It also discusses the roles and objectives of business for firms, consumers, and society.
indian economy
The document contains 10 multiple choice questions related to Indian economic planning and development. It tests knowledge on objectives of planning in India, institutions like the Planning Commission and NABARD, key plans and policies, and demographic and agricultural milestones. The key details assessed include objectives of planning being modernization, growth and self-reliance; Planning Commission being constituted in 1950; second industrial policy in 1956; plan holiday period of 1966-1969; nature of economy pre-independence being stagnant, backward and underdeveloped; and 1921 being called the 'great divide' in demographic transition.
Diagnosis test
This document contains a social science test with multiple choice, fill in the blank, and matching questions about factors of production, types of capital, and production techniques. The multiple choice questions ask about topics like the process of transforming factors of production into output, different types of capital, remuneration for land owners, entrepreneurs, and laborers. Other questions cover which production techniques are best for developing vs developed countries and the advantages of capital intensive techniques. The fill in the blank and matching questions require completing and linking terms about factors of production, capital formation, and the components of capital.
Four Possible Futures for New Zealand - Otago
This presentation was made by Wendy McGuinness, Chief Executive of the Sustainable Future Institute as a Design Studies Keynote Lecture, Otago University. 17 August 2009
Economic Geography
Issues and challenges of economic development and Economic Geography and human activity in the study of Economic Geography. Stakeholders, globalization, population as a burden, hazard, economic zone and forums are included.
Diagnosis test
This document contains a social science test with multiple choice, fill in the blank, and matching questions related to factors of production, capital formation, and production techniques. The multiple choice questions ask about key economic concepts like production, capital, rent, wages, profit, labor-intensive vs. capital-intensive techniques, and advantages of different techniques. The fill in the blank questions ask about specific factors of production, what capital increase is called, capital-dominant products, and money used to buy capital. The matching questions link land, labor, capital, and organization to their definitions.
Long-term Planning : Working towards a sustainable future
This presentation was made by Wendy McGuinness, Chief Executive of the Sustainable Future Institute at a New Zealand Planning Institute lecture. 24 September 2009
Similar to Factors of production (7)
Long-term Planning : Working towards a sustainable future
Long-term Planning : Working towards a sustainable future
Recently uploaded
官方认证美国旧金山州立大学毕业证学位证书案例原版一模一样
原版一模一样【微信：741003700 】【美国旧金山州立大学毕业证学位证书】【微信：741003700 】学位证，留信认证（真实可查，永久存档）offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
本公司拥有海外各大学样板无数，能完美还原海外各大学 Bachelor Diploma degree, Master Degree Diploma
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
Gabrielle M. A. Sinaga Portfolio, Film Student (2024)
My portfolio as a highly motivated film student pursuing a career in Yogyakarta.
在线制作加拿大萨省大学毕业证文凭证书实拍图原版一模一样
原版一模一样【微信：741003700 】【加拿大萨省大学毕业证文凭证书】【微信：741003700 】学位证，留信认证（真实可查，永久存档）offer、雅思、外壳等材料/诚信可靠,可直接看成品样本，帮您解决无法毕业带来的各种难题！外壳，原版制作，诚信可靠，可直接看成品样本。行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备。十五年致力于帮助留学生解决难题，包您满意。
本公司拥有海外各大学样板无数，能完美还原海外各大学 Bachelor Diploma degree, Master Degree Diploma
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
Switching Careers Slides - JoyceMSullivan SocMediaFin - 2024Jun11.pdf
Joyce M Sullivan, Founder & CEO of SocMediaFin, Inc. shares her "Five Questions - The Story of You", "Reflections - What Matters to You?" and "The Three Circle Exercise" to guide those evaluating what their next move may be in their careers.
Learnings from Successful Jobs Searchers
Are you interested to know what actions help in a job search? This webinar is the summary of several individuals who discussed their job search journey for others to follow. You will learn there are common actions that helped them succeed in their quest for gainful employment.
How to Prepare for Fortinet FCP_FAC_AD-6.5 Certification?
Begin Your Preparation Here: https://bit.ly/3VfYStG — Access comprehensive details on the FCP_FAC_AD-6.5 exam guide and excel in the Fortinet Certified Professional - Network Security certification. Gather all essential information including tutorials, practice tests, books, study materials, exam questions, and the syllabus. Solidify your knowledge of Fortinet FCP_FAC_AD-6.5 certification. Discover everything about the FCP_FAC_AD-6.5 exam, including the number of questions, passing percentage, and the time allotted to complete the test.
IT Career Hacks Navigate the Tech Jungle with a Roadmap
Feeling overwhelmed by IT options? This presentation unlocks your personalized roadmap! Learn key skills, explore career paths & build your IT dream job strategy. Visit now & navigate the tech world with confidence! Visit https://www.basecamp.com.sg for more details.
一比一原版布拉德福德大学毕业证（bradford毕业证）如何办理
一模一样【微信：A575476】【布拉德福德大学毕业证（bradford毕业证）成绩单Offer】【微信：A575476】（留信学历认证永久存档查询）采用学校原版纸张、特殊工艺完全按照原版一比一制作（包括：隐形水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠，文字图案浮雕，激光镭射，紫外荧光，温感，复印防伪）行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备，十五年致力于帮助留学生解决难题，业务范围有加拿大、英国、澳洲、韩国、美国、新加坡，新西兰等学历材料，包您满意。
【业务选择办理准则】
一、工作未确定，回国需先给父母、亲戚朋友看下文凭的情况，办理一份就读学校的毕业证【微信：A575476】文凭即可
二、回国进私企、外企、自己做生意的情况，这些单位是不查询毕业证真伪的，而且国内没有渠道去查询国外文凭的真假，也不需要提供真实教育部认证。鉴于此，办理一份毕业证【微信：A575476】即可
三、进国企，银行，事业单位，考公务员等等，这些单位是必需要提供真实教育部认证的，办理教育部认证所需资料众多且烦琐，所有材料您都必须提供原件，我们凭借丰富的经验，快捷的绿色通道帮您快速整合材料，让您少走弯路。
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
→ 【关于价格问题（保证一手价格）
我们所定的价格是非常合理的，而且我们现在做得单子大多数都是代理和回头客户介绍的所以一般现在有新的单子 我给客户的都是第一手的代理价格，因为我想坦诚对待大家 不想跟大家在价格方面浪费时间
对于老客户或者被老客户介绍过来的朋友，我们都会适当给一些优惠。
选择实体注册公司办理，更放心，更安全！我们的承诺：可来公司面谈，可签订合同，会陪同客户一起到教育部认证窗口递交认证材料，客户在教育部官方认证查询网站查询到认证通过结果后付款，不成功不收费！
Leadership Ambassador club Adventist module
Aims to equip people who aspire to become leaders with good qualities,and with Christian values and morals as per Biblical teachings.The you who aspire to be leaders should first read and understand what the ambassador module for leadership says about leadership and marry that to what the bible says.Christians sh
All Of My Java Codes With A Sample Output.docx
Contains All of the Java Programs from Beginning to the Advanced Concepts that I had Practiced While Learning Java
Tape Measure Training & Practice Assessments.pdf
Mastering the Tape Measure is designed to equip employees with the knowledge and skills necessary to confidently and accurately use a tape measure.
Connect to Grow: The power of building networks
In the intricate tapestry of life, connections serve as the vibrant threads that weave together opportunities, experiences, and growth. Whether in personal or professional spheres, the ability to forge meaningful connections opens doors to a multitude of possibilities, propelling individuals toward success and fulfillment.
Eirini is an HR professional with strong passion for technology and semiconductors industry in particular. She started her career as a software recruiter in 2012, and developed an interest for business development, talent enablement and innovation which later got her setting up the concept of Software Community Management in ASML, and to Developer Relations today. She holds a bachelor degree in Lifelong Learning and an MBA specialised in Strategic Human Resources Management. She is a world citizen, having grown up in Greece, she studied and kickstarted her career in The Netherlands and can currently be found in Santa Clara, CA.
Jill Pizzola's Tenure as Senior Talent Acquisition Partner at THOMSON REUTERS...
Jill Pizzola's tenure as Senior Talent Acquisition Partner at THOMSON REUTERS in Marlton, New Jersey, from 2018 to 2023, was marked by innovation and excellence.
A Guide to a Winning Interview June 2024
This webinar is an in-depth review of the interview process. Preparation is a key element to acing an interview. Learn the best approaches from the initial phone screen to the face-to-face meeting with the hiring manager. You will hear great answers to several standard questions, including the dreaded “Tell Me About Yourself”.
Recently uploaded (19)
Leave-rules.ppt CCS leave rules 1972 for central govt employees
Leave-rules.ppt CCS leave rules 1972 for central govt employees
Gabrielle M. A. Sinaga Portfolio, Film Student (2024)
Gabrielle M. A. Sinaga Portfolio, Film Student (2024)
Switching Careers Slides - JoyceMSullivan SocMediaFin - 2024Jun11.pdf
Switching Careers Slides - JoyceMSullivan SocMediaFin - 2024Jun11.pdf
How to Prepare for Fortinet FCP_FAC_AD-6.5 Certification?
How to Prepare for Fortinet FCP_FAC_AD-6.5 Certification?
IT Career Hacks Navigate the Tech Jungle with a Roadmap
IT Career Hacks Navigate the Tech Jungle with a Roadmap
thyroid case presentation.pptx Kamala's Lakshaman palatial
thyroid case presentation.pptx Kamala's Lakshaman palatial
Jill Pizzola's Tenure as Senior Talent Acquisition Partner at THOMSON REUTERS...
Jill Pizzola's Tenure as Senior Talent Acquisition Partner at THOMSON REUTERS...
Factors of production
- 1. IBM 11013 Introduction to Islamic Economics Islamic View points of Production Lecturer in charge RA.Sarjoon 06.06.2011 6/18/2011 Factors of Production 1
- 2. Production • Islam considers production as a means using the wealth and the effort of the person to produce commodities which satisfy his living needs on this earth in a concept of Halal and Haram, and any means used outside this concept no matter the goods are do not consider production in the view of the Shari’ah. 6/18/2011 Factors of Production 2
- 3. Factors of Production 1. Land /Natural Resources 2. Labor 3. Capital 4. Organization /Entrepreneurship 6/18/2011 Factors of Production 3
- 4. 1. Land/ Natural Resources (Meaning and Importance) 1. Earth (Soil) (2:36) 2. Minerals (57:25) 3. Mountains (15:19) (79:32,33) 4. Forests (11:80) 5. Animals (20:54) 6. Climate and Rainfall (16:10,11) 7. Wider Significance of Land (20:53) 6/18/2011 Factors of Production 4
- 5. 2. Labor (Meaning and Importance) 1. Man was created to work (90:04) (76:28) 2. Physical Labor (28:27) 3. Intellectual Labor (12:54-56) 4. Supply of Labor a) Efficiency of Labor b) Mobility of Labor c) Population 5. Freedom of Occupation(4:97,98) 6. Dignity of Labor 6/18/2011 Factors of Production 5
- 6. Supply of Labor(4) 1. Efficiency of Labor a) Physical and Moral Health (28:26) b) Mental Fitness (12:55) c) Education and Training (2:269) d) Beauty and Grace (27:88) 2. Mobility of Labor(4:97) 3. Population(6:151) 6/18/2011 Factors of Production 6
- 7. 3. Capital (Meaning and Importance) 1. Accumulation of Capital 2. Avoidance of Extravagance 3. Hoarding 4. Peace and Security 6/18/2011 Factors of Production 7
- 8. Accumulation of Capital(1) a) Growth of Income 1. Compulsory Measures a. Payment of Zakath b. Prohibition of Interest 2. Optional Measures a. To encourage growth of capital in the community b. Re-investment of cash c. Leaving successors wealthy 6/18/2011 Factors of Production 8
- 9. b) Avoidance of Extravagance (7:31),(17:26,27) c) Hoarding (70:18),(9:34) d) Peace and Security (2:193),(22:40) 6/18/2011 Factors of Production 9
- 10. 4. Organization (Meaning and Importance) 1. Business Contracts (2:282) 2. Forms of Business Organizations a. Profit Sharing (Mudaraba/Qirad) b. Partnership a. Muzarea and Musaqath b. Shirkath Al-Mufawadha c. Shirkath Al-Anan d. Hirkath Al-Sanai e. Shirkath Al-Wujooh 6/18/2011 Factors of Production 10
- 11. c. Joint-Stock Companies d. Business on Commission e. Government undertaking 6/18/2011 Factors of Production 11