The Islamic State (IS) goes by many names, including the Islamic State in Iraq and Syria (ISIS), the Islamic State of Iraq and the Levant (ISIL), the State of the Islamic Caliphate (SIC), and Da’ish (an Arabic abbreviated term for ISIL). IS found its origins in the Sunni resistance to...
First of all, one shall provide the definition for sukuk in the light of the banking system. One shall be aware that sukuk are considered asset-backed bonds that comply with Sharia, in other words this assets prohibit an open exposure of interest as they have to comply with Islamic legal...
1. Shafi’i’s contribution led the way in building the entire legal system of the Shari‘ah. Discuss his role in the development of the Islamic scholarship, particularly his contribution to the Islamic Legal Theory (usul-al-fiqh) and the Prophetic Tradition of Muhammad (hadith). Shafi’i’s contribution to the legal system or Islamic Legal...
When we examine a religion that is different from our own, in this case, Islam, we look at the five worldviews. The first is answering the question of how the world came to be. Was it God? Was it science? What does this religion say brought us here? This is...
According to the readings, the Ayatollah Khomeini objected to monarchy. Islam, as a religion, does not recognize monarchies or other hereditary forms of government. When the Ayatollah attempted to take power in 1979, he wanted to abolish the monarchy that had been formed. He had originally supported the idea of...
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