Exploring the opportunities and challenges of developing Islamic Financial Services in Seychelles - Literature review Example

Only on StudentShare

Extract of sample
Exploring the opportunities and challenges of developing Islamic Financial Services in Seychelles

In the religion of Islam, it is strongly believed that Allah alone is Sovereign and it is He who has the right to ordain a guidance path for the whole humanity. In the Holy Quran, the word “Shariah” is mentioned once: “ Then, We have set you[Muhammad] on a path (Shari’a) of [Our] commandment, so follow it, and do not follow the whims of those who do not know” (Holy Quran 45:18). This verse of Holy Quran clearly stipulates that Allah has ordered to the Last Prophet Muhammad (PBUH) that He himself has provided some of the basic Sharia rules and regulations in the shape of the Holy Quran and You [Muhammad (PBUH)] has been ordered to follow them. In the last part of this verse, it is also ordered that whims or wishes of others are totally disallowed to be followed instead of the orders of Allah. In the Shariah, it is clearly mentioned and established fact that Allah is the Law Giver and the whole Ummah is merely His Trustee (Kettell, 2011, p.13). More clearly, every Muslim is under a moral obligation to read, understand and act upon the Islamic rules and regulations mainly enshrined in the Holy Quran. ...Show more


Literature Review 2.1 Islamic finance and the principles of Shariah (1500 words) What is shariah Linguistically speaking, the word “sharia” is originated from the root sh-r-‘meaning to enter or to go (Roald, 2001, p.102). In the same work, Roald (2001) elucidates “sharia” as ‘ the way to watering place’ denoting the place where animals gather for the purpose of drinking water; in a more understandable sense it means a path (p.102)…
Author : dickenstyson
Exploring the opportunities and challenges of developing Islamic Financial Services in Seychelles essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the literature review on your topic
"Exploring the opportunities and challenges of developing Islamic Financial Services in Seychelles"
with a personal 20% discount.
Grab the best paper

Related Essays

Online Business and E-Commerce Services in Libya as a developing country
Events in Libya are changing things very quickly and there is every sign that a more open society will provide conditions more favourable to all kinds of business activity, including e-commerce.
12 pages (3000 words) Literature review
Implementing E-Healthcare in Saudi Arabia: Opportunities and Challenges
According to the study amid the various challenges that are faced with respect to the inclusion of e-health in the KSA, it is crucial to note that, with enhanced perspective and effortless measures, the results are very robust. The government of the KSA has the capacity to uphold and support the project; it only requires availing a taskforce to look into the carrying out of the whole process and its effectual implementation.
11 pages (2750 words) Literature review
Investment opportunities and risks in stock markets
Analysts have found that higher incidences of investment are being found in the emerging countries. The concentration of the Equity Portfolio Flows (EPF) is the highest among a cluster of emerging economies, Latin America being the biggest destination for foreign investors (Claessens, 1993).
14 pages (3500 words) Literature review
Corporate Social Responsibility within Islamic prospectives
The worldview of Islam begins with the concept of God’s oneness dominating heaven, earth and even inside the earth. Islam represents itself as whole code of life and not just religion. Literature, law, economics, socialization, politics and Jihad is examined in the Quran.
1 pages (250 words) Literature review
Diversity and Equality at Work: Opportunities and Challenges
The era of people living isolated lives and working individually are no longer existent. They are now open to a worldwide economy in which they are confronted with competition from almost all continents in the world. This is the reason why all profit as well as non profit organizations are increasingly emphasizing on the need to indulge in creativity in diversity.
6 pages (1500 words) Literature review
Islamic Banks and Profitability: An EmpericalAnalysis based on Indonesia ( LITERATURE REVIEW)
For this purpose, the discussion is based on the underpinning of Indonesia and its economy, bank regulation in Indonesia, banking industry, and financial crisis in a critical manner. This will help in dealing with the research issue in a significant way. Indonesia: History In the early 60s, the economy of Indonesia deteriorated drastically as a result of huge political instability embedded with a young and inexperienced government and economic nationalism that marked severe poverty and hunger.
21 pages (5250 words) Literature review
Challenges in Auditing
Limited knowledge is obtained about the change process through which the communications and practices are developed in the new fields. The paper seeks to explore the problems in the global audit arena that are affected by financial crisis. Thus, the paper concentrates on the challenges that are faced in auditing.
4 pages (1000 words) Literature review
Developing Academic Skills
The theories reviewed in this paper include Darwin’s theory, transformational leadership and Network leadership. The review involves critical evaluation, comparison and contrast of the theories mentioned. According to Darwin’s theory concept, it can be employed to assist organization and manager to transform (Ospovat 1995).
4 pages (1000 words) Literature review
Women and Decency in Islamic Culture

This paper discusses the nature of Islamic cultural practices through the prism of freedom and liberty. Whereas as a section of the world population may feel that particular cultural practices are repressive of women, some, including those perceived to be oppressed, see nothing wrong with their practices.

4 pages (1000 words) Literature review
Developing an interactive timeline
The author states that the lack of interactive contents and outdated interface are the main factors that restricts the young generations of the society to show their interest on the specific websites. It is also necessary for the organizations to make use of interactive media that would attract the young generation people towards their website.
12 pages (3000 words) Literature review
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email