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Muamalat (also muʿāmalāt, Arabic: معاملات, literally "transactions" [1] or "dealings") [2] is a part of Islamic jurisprudence, or fiqh. Sources agree that muamalat includes Islamic "rulings governing commercial transactions" [ 3 ] and Majallah al-Ahkam al-Adliyyah). [ 4 ] [
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 ]
By the 21st century this Islamic Banking movement had created "institutions of interest-free financial enterprises across the world". [32] Loans are permitted in Islam if the interest that is paid is linked to the profit or loss obtained by the investment. The concept of profit acts as a symbol in Islam as equal sharing of profits, losses, and ...
Bank Muamalat Malaysia Berhad (Jawi: بڠك معاملة مليسيا ) started its operations on 1 October 1999 [1] with a combined assets and liabilities brought over from the Islamic banking windows of the then Bank Bumiputra Malaysia Berhad, Bank of Commerce (M) Berhad and BBMB Kewangan.
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Ibadat (عبادات) is the plural form of ibādah.In addition to meaning more than one ibādah, [7] it refers to Islamic jurisprudence on “the rules governing worship in Islam” [8] or the “religious duties of worship incumbent on all Muslims when they come of age and are of sound body and mind.” [9] It is distinguished from other fields of jurisprudence in Islam, which are usually ...
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).
Aqidah comes from the Semitic root ʿ-q-d, which means "to tie; knot". [6] (" Aqidah" used not only as an expression of a school of Islamic theology or belief system, but as another word for "theology" in Islam, as in: "Theology (Aqidah) covers all beliefs and belief systems of Muslims, including sectarian differences and points of contention".) [7]
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