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Mudarabah in Islamic Banking

A Study on Classical Doctrine and Its Contemporary Practice

The contrast between the theory and practice of Islamic banking is generally acknowledged by many scholars. After more than three decades in operation, the rapid growth of the Islamic banking industry is, in reality being driven by the application of the debt-like contracts (e.g. murabahah and ijarah) rather than the profit and loss sharing contracts (e.g. mudarabah and musharakah). As the adaptation of the former contracts creates "unauthentic" Islamic financial products, many have questioned their compliance with shariah principles. The present study analyses this issue by examining the application of mudarabah rules in Malaysian Islamic banking practices. It evaluates the extent to which the current practices fulfil the principles and the ethical framework of the mudarabah contract as propounded by the classical jurists. The study also analyses the justifications of Malaysian shariah scholars for modification of the doctrine, adapting it to the modern banking business.

After more than three decades in operation, the rapid growth of the Islamic banking industry is, in reality being driven by the application of the debt-like contracts (e.g. murabahah and ijarah) rather than the profit and loss sharing ...

Übungen zur Statistik

Students need intense practice in statistical methods to fully appreciate their diverse applications in the fields of economics and the social sciences. Together with the main textbook, the aim of this exercise book is to provide exercises in statistics for accompanying lectures, for study before and after lecture presentations, and for exam preparation.

Together with the main textbook, the aim of this exercise book is to provide exercises in statistics for accompanying lectures, for study before and after lecture presentations, and for exam preparation.

Integrated E-learning

Implications for Pedagogy, Technology and Organization

It is widely recognized that online and e-learning is no longer an exclusive approach used only in distance education and in isolation from traditional education programmes. A real difficulty facing educators and trainers is how to integrate these new learning methods and embed them in established and existing forms of learning, teaching or training. This book forms a serious, in-depth study of the subject and proposes that e-learning is not simply a matter of 'digitizing' traditional materials, but involves a new approach, which must take into account pedagogical, technological and organizational features to form a well-designed education system. A practical focus is maintained throughout, with advice on implementation and case studies drawn from the contributors' considerable experience. Integrated E-Learning is essential reading for anyone wanting to implement, design, develop or deliver e-learning or training courses.

This book forms a serious, in-depth study of the subject and proposes that e-learning is not simply a matter of 'digitizing' traditional materials, but involves a new approach, which must take into account pedagogical, technological and