Adfunk Cars has been rated the #1 car-buying site or top Internet site by Forbes, Time, PC Magazine, and Yahoo! Internet Life, among others... See our awards

Adfunk Cars Makes It Easy to Buy Cars Online. Adfunk Cars is the most convenient place to buy cars online. We offer low, no-haggle prices on all of the new models we sell, and we have one of the biggest selections of new and used cars online. To find the guaranteed Adfunk Cars price for any new vehicle, begin by selecting the make and model in the drop-down menus above.

If you choose to buy online, a Adfunk Cars Vehicle Specialist will contact you within one day to proceed with your order. You could even have your keys in hand within a couple of days!

Not all customers choose to buy cars online; some prefer to buy cars from a dealer. If this is the case, we will match your needs with a member of our authorized dealer network near you. Your VIP dealer representative will work with you to find your vehicle and negotiate an agreeable price.

You can also search for used cars online at Adfunk Cars. We'll show you which vehicles fit your budget, and then help you find your pre-owned car or truck at a dealer near you. Need to sell your own used cars? List it on CarsDirect.com, where it will be exposed to millions of car shoppers every month.

Thousands of happy customers buy through us every month. Who knew it was so easy to buy cars online?

The Role of Islamic Bank

By Said Zafar

The contribution of the Muslim world to a new international economic order is based upon a renewed application of Islamic law, the Shariah, in modern economic and financial transactions.

These measures in the finance sectors must be seen as an integral part of an attempt to develop the Islamic ideal of society and economy, based on the Islamic principles of social justice and humanity.

The Islamic banking approach implies - beyond religious implications - a conceptually different relationship between finance and economic activity.

The lender-borrower link is replaced by equity risk-sharing between a capital provider and an enterpreneur.

The main consequence of this different approach of Islamic economics is the prohibition of paying or charging interest.

The elimination of interest from the economic system is meant to "promote economically just, socially fair, and ethically correct dealings according to Islamic principles, foster the solidarity and cohesion of the Muslim ummah, harmonise trade, create powerful economic incentives, and bring about cooperation and co-participation in all walks of life."

Besides the key principle of the prohibition of interest, a second major Quranic precept, related to money, is the prohibition of the practice of hoarding.

One should put money to productive use for oneself and the community.

The solutions proposed are the sharing of profit and an emphasis on the value of labour as opposed to capital as the source of income.

Behind these principles and precepts lie the full philosophy of Islam and its specific value system. It intends to establish an equitable relationship between the rights of the individual and society by establishing harmony through eliminating conflicting interests.

The economic rationale for eliminating interest is based on values of justice, efficiency, stability and growth.

On the subject of stability, the argument is put forward that an interest-based economy has a built-in tendency toward inflation, because the creation of money is not related to productive investments, either at the level of the central banks or at the level of commercial banks.

To appreciate the implications of Shariah upon economic and financial transactions, the major institutions of Islamic law related to these

sectors have to be analysed. Like any other developing system, the Islamic system also has a certain flexibility, making possible its adaption to new socio-economic situations and requirements.

In the capital structure, Islamic banks rely mainly on their shareholders and depositors, who are primarily individuals. Within the banking community, Islamic institutions are rather small, because of their shareholder structure being made up of the general private public of the host country.

While Islamic commercial banks operate on the national basis, Islamic investment and holding companies may have either a national or an international mandate.

The interdiction of taking or charging interest affects all activities of Islamic finance institutions as regards both the utilisation of funds. It is worthwhile to note that there exist different interpretations on how to apply the term 'riba' (interest) in today's economic and financial transactions. The 'modernists' are aiming for a new interpretation of Islam in general, and support an interpretation by the spirit of the law and not by the letter. Thus it is contended that the Quran has prohibited usury and not legitimate interest. The majority of Islamic economists maintain, however, that interest is also prohibited for productive credits the term 'riba' meaning increase and that therefore all repayments above the original loan amount are illicit. The Islamic banks in operation today follow this latter line of thought in their activities.

Article Continue Here Islaam.com

Subscribe to One_World
Powered by groups.yahoo.com


WE BOYCOTT ALL PRODUCTS THAT USE SEXY IMAGES AND FORNICATION THIS INCLUDE, T.V, RADIO AND NEWSPAPER JOIN NOW JIHAD INTERNET
The Evil Of Music
Say No To Sex Before Marriage


Al-Quran The Last Testament. Memorize Al-Quran Today! http://www.searchtruth.com


Print this page

Islamic Information Portal

CLICK NOW!

Job & Resume
Job Seeker: Post A Resume
Freelancer: Post Your Work
Employer: Post A Job




Adfunk Islamic Blog

Adfunk Job

Adfunk Keyword

Adfunk My News

News 11

We Want News

Adfunk Health Life

Adfunk Auto

Adfunk Sport News

Tech Dose Information

Tech Assist

Photo Blog

Berita Melayu

Malaysia Daily

 
Classifieds | Directory | Top 10 | Guestbook | Search Engine | Islamic Blog | Adfunk Job | Adfunk News | We Want News | Berita Melayu | Tech Dose | Keyword | Photo Blog | Worldwide Latest News | Iraq News | Ads Health | Ads Sport | Ads Tech | Malaysia Daily | Job & Resume | MAS Tech Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Ohio iraqi_explode Tech One Now News One Now Real Estate Massachusetts Michigan Minnesota Mississippi Pop Up Central Indonesia Add Word
LINK TO YOUR FUTURE WEB DEVELOPER
Contact Author At Ad1<@>Direc-tory.tk

7 - 8 - 9

1