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Bank Muamalat Indonesia (BMI), commonly called as Bank Muamalat, is a commercial bank in Indonesia operating on the principles of Islamic banking. The bank was founded in 1 November 1991, based on the initiative of the Indonesian Council of Ulamas (MUI) and under the auspices of the Government of Indonesia . [ 1 ]
Sources agree that muamalat includes Islamic "rulings governing commercial transactions" [3] and Majallah al-Ahkam al-Adliyyah). [4] Note 1 ] However, other sources (Oxford Islamic Studies Online, [ 2 ] Brian Kettell, [ 6 ] and Wahbah al-Zuhayli’) [ 4 ] give it a broader definition including civil acts and in general all aspects of fiqh that ...
Iftar, a meal consumed to break fast.It is a sunnah to break fast with dates. In Islam, fasting (known as sawm, [1] Arabic: صوم; Arabic pronunciation: or siyam, Arabic: صيام; Arabic pronunciation:) is the practice of abstaining, usually from food, drink, sexual activity and anything which substitutes food and drink.
The bank was based on a profit sharing model and its products weren't linked to the Bank Indonesia discount rate, thus surviving to the 1997 Asian financial crisis which increased the mean interest rate of the other Indonesian banks. [citation needed] DRB-HICOM holds 70% shares in the Bank while Khazanah Nasional Berhad holds the remaining shares.
Resting place: Imam Bukhari Mosque near Samarkand, Uzbekistan: Era: Islamic Golden Age (Abbasid era)Region: Abbasid Caliphate: Main interest(s) Hadith, Aqidah: Notable work(s) Sahih al-Bukhari
The qirad (also known as Muqaradah by Hanafi and Hanbali scholars) [1] was one of the basic financial instruments of the medieval Islamic world.It was an arrangement between one or more investors and an agent where the investors entrusted capital to an agent who then traded with it in hopes of making profit.
Dauda Lawal (born 2 September 1965) is a Nigerian banker and politician who is the governor of Zamfara state.He was elected under the platform of the Peoples Democratic Party (PDP) in the 2023 Nigerian gubernatorial elections defeating the incumbent Governor Bello Matawalle of the APC.
Abu Sulaiman Dawud ibn Nusair al-Tā'ī, (Arabic: ابو سلیمان داؤد بن نصیر الطائي) usually referred to as Dawud Tā'ī, (died between 776 and 783 CE) was an Islamic scholar and Sufi mystic.