Islamic finance is the new representation of financial institutions and it is said to be the answer in looking for a better and fairer way of managing money and in underpinning the real financing activities. The rules in Islamic finance are under Muslim’s law (Shariah) which…
This is one of the reasons why Australia is very keen in promoting Islamic finance services in the country. However, it has been proven that education is extremely important in responding to the growing interest in Islamic finance (Zubair, 2008).
Thus, the main thrust of this paper is to promote education of Islamic finance in Australia. This is to provide alternative education model to attract Muslim students from all over the world; and at the same time attracting locals to a new education development in the field of finance.
The demand of Islamic financial services among Muslims in Australia is rapidly growing, and to address this concern, the country entered the Islamic finance. Muslim population in Australia is relatively high because of its long-standing trade ties and cooperation to different Muslim countries (Khaleej Times, 2010). According to the current assistant treasurer of Australia Nick Sherry (2010), “the Islamic finance, banking and insurance market [that] is worth almost $1 trillion is growing rapidly and could reach as much as $5 trillion.” Several institutions in the country are now offering Islamic financial services like Murababa, Ijara, and Musharaka where Muslims and non-Muslims can borrow with no interest and no trading debt (Ahmad, 2010, p.38). This is in response to the local and global potential demands for Islamic finance services in the country. However, the preface of Islamic finance in Australia is relatively new and as expected, not all of the Muslims and non-Muslims fully understand the principles of Shariah and the Islamic banking concept sector. The Islamic Financial Services Programs (IFSPs) in Australia can be well implemented if the people are fully aware on the entirety of the program and this can be done through education. Several Islamic institutes are looking forward to a day that Shariah’s standard will be recognized in the academic and training ...
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(Promoting Education of Islamic Finance In Australia Research Paper)
“Promoting Education of Islamic Finance In Australia Research Paper”, n.d. https://studentshare.net/miscellaneous/409491-promoting-education-of-islamic-finance-in-australia.
The researcher will discuss a problem in a company in a certain industry. The researcher will provide a proposal in which he will argue about the problem, afterwards he will present researches on the effect of that problem on the company and ways on how to solve the problem, finally he will present the outcome of the research including ways on how to overcome this problem.
19 Internet and the World Wide Web 19 Promoting and maintaining a healthy environment for children: How to prevent above Hazards 20 Priorities 20 Environmental hazards 21 Child abusers 22 Poor security 23 Bad laws and Regulations 24 Internet and Privacy 25 Ways of maintaining and sustaining the above mentioned preventive programs and strategies 25 Enacting laws, policies and regulations 26 Creating awareness on potential hazards 27 Conducting health education 29 Governmental and agency participation 30 Advocacy 31 Conclusion 32 List of References 34 Introduction The environment within which children interact on a daily basis is a source of potential hazards that affect the growth of a child.
non-Islamic countries, with a focus on the situation in Australia. The issues discussed include what Christian people think about the provision of loans based on Islamic principles, the concerns raised about the sources of funds and how the income is utilized, why it is called Islamic finance and not humanitarian finance for example, and the perception that Islamic bankers will be biased against non-Muslims.
Meanwhile, appropriation per fulltime student was $7,961 in 2001 but declined to $6,928 in 2009 as a result of crises in the United States economy (NCSL 2010). Tuition has become 37% of total education revenue as of 2010 from its level of less than 25% in 1984 (NCSL 2010).
This is especially significant due to its timing, with the Islamic financial movement appearing in an era of the wider Islamic resurgence, accompanied by moral implications that characterize the Islamic approach to finance, banking and money (Sait & Lim 73).
Enrollment at the state’s higher educational institutions has the following breakdown: 25% attend public universities, 43% attend community colleges, and 32% attend private colleges and universities.
Islamic finance is structured in a manner that ensures mutual benefits between debtors and creditors. Investment in the Islamic finance is based on the stock market and the real estate. Sukuk have emerged as the most
Therefore, any profit that is generated from this business association is shared between the two parties. This is in accordance to the agreed ratio, in profit sharing. Furthermore, the Rabbul mal incurs the losses that the business organization incurs.