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[2] Islamic economics is a broad field, related to the more specific subset of Islamic commercial jurisprudence ( Arabic : فقه المعاملات , fiqh al-mu'āmalāt ). It is also an ideology of economics similar to the labour theory of value , which is "labour-based exchange and exchange-based labour".
A number of orthodox scholars point to Quranic verses (2:275–2:280) as declaring riba "categorically prohibited" and "unjust" (zulm), and defining it to mean any payment "over and above the principal" of a loan. [136] [137] (Although at least one source states "it is commonly argued" that riba is "defined by hadith".) [138]
The Arabic word nisba (نسبة; also transcribed as nisbah or nisbat) may refer to: Nisba, a suffix used to form adjectives in Arabic grammar, or the adjective resulting from this formation comparatively, in Afro-Asiatic: see Afroasiatic_languages#nisba; Nisba (onomastics), a word used as an element in an Arabic name
In Arabic names, a nisba (Arabic: نسبة nisbah, "attribution"), also rendered as nesba or nesbat, is an adjective surname indicating the person's place of origin, ancestral tribe, or ancestry, used at the end of the name and occasionally ending in the suffix-iyy for males and -iyyah for females.
IAIN is an abbreviation of the State Islamic Institute and the Ar-Raniry word attributed to IAIN Banda Aceh is the name of a great Ulama and mufti who was very influential on the time of Sultan Iskandar Tsani (reigned in 1637-1641). The great scholar is the full name of Sheikh Nur al-Din Ar-Raniry from Ranir (now Rander) in Gujarat, India.
A journal, from the Old French journal (meaning "daily"), may refer to: . Bullet journal, a method of personal organization; Diary, a record of personal secretive thoughts and as open book to personal therapy or used to feel connected to oneself.
Takaful (Arabic: التكافل, sometimes translated as "solidarity" or mutual guarantee) [1] is a co-operative system of reimbursement or repayment in case of loss, organized as an Islamic or sharia-compliant alternative to conventional insurance, which contains riba (usury) and gharar (excessive uncertainty).
An estimated 1.2 million weavers in Iran produce carpets for domestic and international export markets. [citation needed] More than $500 million worth of hand-woven carpets are exported each year, accounting for 30% of the 2008 world market. [220] [221] Around 5.2 million people work in some 250 handicraft fields and contribute 3% of GDP.