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What is Islamic money called?
In Islam there is no money for a specific name. Each of the Islamic countries have aseparate currency.
How do you develop Islamic money market?
I don't think you can make money for Islam by investing in shares and getting intrest on fixed deposits as it is against Islamic teachings.
How much money did Islamic relief raise in 2007?
I can officially tell you that Islamic relief raised approx....£300,000,700 in 2007
What is the impact of recession on Saudi Arabia?
They aren't in a recession. Islamic Finance doesn't include capitalism or interest. They play it fair. Islamic finance gives money to poor people (zakat) so the money literally goes all around.
What changes did the Umayyads make during their rule?
1. Establishment of the first naval fleet in the Islamic era of Muawiya 2.Unification of the Islamic country's 3.putting dots in the quran , ex : ش س 4.Open India 5.Instrument of the Islamic Umayyad money Also, see the link below.
Do Islamic people give a certain money to the poor?
Yes, it's called Zakkah or Sadaqaa
How Islamic bank make profit?
Islamic Banks make a profit by buying and selling at a profit. for ex: If you want to buy a car, a regular bank will give you a car loan and you will use that money to buy a car. You will repay the money as monthly installments along with interest, to the bank. An Islamic Bank will buy the car and then sell it to you for a higher price thereby making a profit.
What is Islamic economy?
Islamic economy is like any other economy except that it doesn't allow lending money with interest (except the normal administrative charges) and It doesn't allow investing in wine, gambling, and/or sexual fields.
What is the difference between similarities and differences of the Islamic and regular current savings and investment fixed deposit accounts?
As per the Islamic law of Sharia, giving and getting interest is prohibited. So Islamic accounts would not give interest to the customers and nor would the money in those accounts be lent to people to earn interest out of it.
What changes did umayyads make during their rule?
1. Establishment of the first naval fleet in the Islamic era of Muawiya 2.Unification of the Islamic country's 3.putting dots in the quran , ex : ش س 4.Open India 5.Instrument of the Islamic Umayyad money Also, see the link below.
Is Afghanistan a stable gornment?
yes its stable. Islamic republic is the type of government. the average money earned a year is 400 dolllars,
What is sakk?
Sakk is an Arabic word that means in English the Islamic equivament of the financial bond that is having a fixed nominal money value.
