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Articles 121 - 150 of 151
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Kajian Pelaksanaan Kad Kredit Syariah Di Bank Danamon Syariah, Indonesia., Asep Dadan Suganda
Kajian Pelaksanaan Kad Kredit Syariah Di Bank Danamon Syariah, Indonesia., Asep Dadan Suganda
Student Works (2010-2019)
Many advances in science and technology have taken place in Indonesia, and, consequently, the development of Islamic banking in Indonesia has improved. As the majority of people in the country are Moslem it is virtually possible to identify a better future for the Islamic banking market than in Indonesia. Based on the Islamic official regulation (fatwa) Council of Indonesia Moslem Scholar (Majelis Ulama Indonesia) No. 54/DSN-MUI/X/2006 and the Circular Letter of Indonesian Bank (Surat Edaran Bank Indonesia) No. 9/IB3/DPbS/2007 Danamon Islamic Bank took advantage of the economic market to establish an Islamic credit card product called Dirham Card. This study …
Aplikasi Al-Mudarabah Dan Al-Musyarakah Dalam Produk-Produk Perbankan Islam : Kajian Di Bank Muamalat Indonesia, Jakarta., Sarwedi Hasibuan
Aplikasi Al-Mudarabah Dan Al-Musyarakah Dalam Produk-Produk Perbankan Islam : Kajian Di Bank Muamalat Indonesia, Jakarta., Sarwedi Hasibuan
Student Works (2010-2019)
Abstrack
Peranan Bank Negara Malaysia (Bnm) Dalam Melaksanakan Dasar Kewangan : Analisis Dari Perspektif Ekonomi Islam., Mohd Rizal Abdul Ghani
Peranan Bank Negara Malaysia (Bnm) Dalam Melaksanakan Dasar Kewangan : Analisis Dari Perspektif Ekonomi Islam., Mohd Rizal Abdul Ghani
Student Works (2010-2019)
Bank Negara Malaysia (BNM) is an institution responsible for implementing monetary policy in Malaysia. In this case, BNM has been playing six major roles in discharging this important responsibility. The roles are to define the main objective of its monetary policy, to build a proper monetary policy framework, to identify a set of suitable monetary policy instruments, to analyze the recent monetary and economic conditions, to regulate the cost and the size of credit and lastly to influence the direction of credit. This research discusses those roles and analyzes them from the view of the Islamic economic perspective in order …
Sukuk Ijarah : Konsep Dan Amalannya Dalam Pasaran Modal Islam Di Malaysia., Muhammad Azizur Rahman Ramli
Sukuk Ijarah : Konsep Dan Amalannya Dalam Pasaran Modal Islam Di Malaysia., Muhammad Azizur Rahman Ramli
Student Works (2010-2019)
Sukuk Ijarah is one of the financial certificates known in the Islamic capital market. This financial certificate is established by taking into consideration two major factors, firstly, preserving the conventional way of investment which is permissible in Islam and, secondly, conforming to the shariah law, as a new financial instrument in the Islamic capital market. Sukuk and Bond are two different instruments in its financial structure. Sukuk eliminates in its structure the use of riba and gharar (uncertainty). Moreover, its financial structure is based on Islamic securitisation concept and exchange contract, such as ijarah, murabahah, bay‘ bithamin ajil and others. …
Peranan Perbankan Islam Dalam Pengembangan Industri Kecil Dan Sederhana Di Kota Pekanbaru, Riau: Analisis Terhadap Instrumen Murabahah., Masriadi -
Student Works (2010-2019)
Islamic banking in general defined as the conduct of banking operation in consonance with Islamic principles of mu‘amalat. The emergence of interest – free financial institutions especially in predominantly Muslim countries, has added a new dimension to economic models. This Islamic banks have organized financial intermedians including al-murabahah which operate in accordance with the principles Islamic transactions. This dissertation explains the rol and practice of Islamic banking in the financing of the small and medium enterprises in Kota Pekanbaru, Riau, Indonesia using the murabahah instrument. The research found that Islamic banks play the important role in the development of SME …
Fungsi Majlis Penasihat Syariah Dalam Amalan Perbankan Islam Di Malaysia : Kajian Terhadap Bank Muamalat Malaysia Berhad Dan Rhb Islamic Bank Berhad., Ahmad Faizol Ismail
Fungsi Majlis Penasihat Syariah Dalam Amalan Perbankan Islam Di Malaysia : Kajian Terhadap Bank Muamalat Malaysia Berhad Dan Rhb Islamic Bank Berhad., Ahmad Faizol Ismail
Student Works (2010-2019)
The Syariah Advisory Council (SAC) is an advisory board established to provide an Islamic views on products offered by the banks. SAC supports these banks by ensuring that products and services provided are complied with the Islamic Law. The SAC has an important functions related to the Islamic mucamalat tenets. These functions include two aspects which are the aspect of Islamic legal setting or fatwa, and aspect of field monitoring on the implementation and application of fatwa that have been enforced. These aspects are rules by special committee, the committee for fatwa and research and the committee of implementation and …
Pemakaian Maqasid Al-Shari'ah Dalam Produk Takaful Keluarga Di Etiqa Takaful Berhad., Che Ismail Che Othaman
Pemakaian Maqasid Al-Shari'ah Dalam Produk Takaful Keluarga Di Etiqa Takaful Berhad., Che Ismail Che Othaman
Student Works (2010-2019)
Takaful is one of the financial instruments that has its own importance. It is the fundamental to Islamic insurance and its existence is as an alternative to the present conventional insurance in the conventional world of banking and finance. Al-Takaful which is based on al-mudarabah, at-tabarru’ and al-wakalah is very supportive towards syara’ in facing the conventional insurance which contains the element of gharar, usury and gambling element. The existence of takaful has aroused various issues, among them is to what extend is the application of maqasid al-shari‘ah in all of the products offered either in Family Takaful or General …
Comparative Analysis Of Islamic And Conventional Banking Performance, Mirza Ali Huzaifa Sultan, Muhammad Zahid Siddique
Comparative Analysis Of Islamic And Conventional Banking Performance, Mirza Ali Huzaifa Sultan, Muhammad Zahid Siddique
Business Review
This paper analyzes the performance of Islamic banks compared to that of conventional banks in Pakistan. This comparison is based on the financial performance, product services and customer perception. We have selected two Islamic banks, namely Meezan Bank limited & Albaraka Bank, and two conventional Banks, Soneri and My Bank. This selection was made because of the similar size of these banks in terms of their deposits. The paper shows that Islamic Banking is falling behind the conventional one both in terms of its business as well as customer perspective. The research is divided into three parts. First part covers …
Social Insurance, Commitment, And The Origin Of Law: Interest Bans In Early Christianity, Jared Rubin
Social Insurance, Commitment, And The Origin Of Law: Interest Bans In Early Christianity, Jared Rubin
Economics Faculty Articles and Research
Despite the historical importance of ideology-based, economically inhibitive laws, we know little about the economic factors underlying their origin. This paper accounts for the historical emergence of one such law: the Christian ban on taking interest--a doctrine that shaped the evolution of numerous financial contracts and related organizational forms. A game-theoretic analysis and historical evidence suggest that the Church's commitment to providing social insurance for its poorest constituents encouraged risky borrowing, which the Church attempted to limit by banning interest. The analysis highlights the applicability of the rational choice framework to seemingly irrational actions and laws, the role of nonmonetary …
Imsa360: Summer 2008, Imsa Fund
Imsa360: Summer 2008, Imsa Fund
IMSA Fund Reports
Often when I speak to parents, students and educators, I share one of my core beliefs: there is no ceiling on human potential. Though perhaps a bit overstated, as I fully realize my limited singing ability elicits monumental groans and sends animals scurrying for cover, it is true that often when we think an individual has reached his or her “potential,” we are astounded by a new accomplishment. As I look back on my first year as IMSA’s second president, I am humbled and amazed by IMSA’s truly unlimited potential for advancing the human condition and living into our aspiration …
Managing Halal Quality In Food Service Industry, Siew Fun Vivienne Soong
Managing Halal Quality In Food Service Industry, Siew Fun Vivienne Soong
UNLV Theses, Dissertations, Professional Papers, and Capstones
The Muslim world population survey conducted in 2005 found that Islam is the fastest growing religion on earth, both through birth and adoption. There were 2 billion Muslims scatted around 148 countries and the figures are rising each day. It is estimated that by 2010, the Muslim population will exceed 3 billion (Evans, 2005). The recorded growth rate for Muslim population is as follows: the Europe Muslim population of around 25 million increased at a rate of 140% over the past 10 years, America’s by 25%, Australia’s by 250% and Asia’s increased by 12% over the same period. The healthy …
Conflicting Paradigms: Alternative Islamic Approaches To Some Business Ethics, Javed A. Ansari, S. Zeeshan Arshad
Conflicting Paradigms: Alternative Islamic Approaches To Some Business Ethics, Javed A. Ansari, S. Zeeshan Arshad
Business Review
This paper contrasts orthodox and revisionist Islamic approaches to an evaluation of ethical issues related to capitalist marketing, employee management relationships and finance. It argues that while the orthodox Islamic ethical paradigm is fundamentally oppositional to capitalism revisionist discourses provide an Islamic legitimation of capitalist order and can provide an ideological framework for subsuming Islamic economy and society within global capitalism.
The Impact Of Cultural And Religious Values On Television And Newspaper Advertising Content And Appeal: A Cross-Cultural Study Of The United States And The Arab World, Morris A. Kalliny
The Impact Of Cultural And Religious Values On Television And Newspaper Advertising Content And Appeal: A Cross-Cultural Study Of The United States And The Arab World, Morris A. Kalliny
Theses and Dissertations - UTB/UTPA
Standardization versus adaptation of advertising has been a subject of great controversy that has been debated for more than 50 years. Scholars have pointed out the increasing demand for more cross-cultural research on advertising content that can contribute to the standardization versus adaptation debate. Scholars have also pointed out that although the Arab world offers great opportunities for multinational corporations, the Arab world has been severely neglected in academic research. To comply with this demand, this study investigates the similarities and differences of the manifestation of cultural and religious values in the U.S. and the Arab world (Egypt, Lebanon, Kuwait, …
Employing Service Learning In Community-University Partnership Program To Develop Local Msmes In Bungo And Tejo Regencies, Mona Novita, M. Syukri Ismail, Muhammad Solihin, Muhammad Asman
Employing Service Learning In Community-University Partnership Program To Develop Local Msmes In Bungo And Tejo Regencies, Mona Novita, M. Syukri Ismail, Muhammad Solihin, Muhammad Asman
ASEAN Journal of Community Engagement
This paper illustrates the implementation of a community project developed based on a partnership between the community and the local university in Bungo and Tebo Regencies. The project aims to develop the local micro, small, and medium enterprises (MSMEs) as a strategic step to increase the regional economy, taking the form of a so- called Community–University Partnership Program in Bungo and Tebo Regencies. The Community–University Partnership methodology employs the Service Learning (SL) method to increase MSME actors’ competence in terms of financial literacy, product packaging, and marketing. The effectiveness of the SL-based Community–University Partnership Program was measured using a quantitative …
Amalan Kontrak Opsyen Di Malaysia Dari Perspektif Islam, Syarifah Md. Yusof
Amalan Kontrak Opsyen Di Malaysia Dari Perspektif Islam, Syarifah Md. Yusof
Student Works (2000-2009)
Kontrak opsyen adalah satu subjek yang menarik untuk diketengahkan kerana pengunaannya sebagai instrumen lindung nilai sejak kebelakangan ini menjadi semakin popular. Peningkatan penggunaannya ada1ah seiring dengan peningkatan risiko dalam pasaran kewangan akibat daripada ketidaktentuan keadaan pasaran. Kajian ini cuba menyusuri sejarah kelahiran kontrak opsyen dalam dunia kewangan dan memperjelaskan mengenai konsep opsyen serta kegunaannya kepada peserta pasaran. Menyedari kepentingan dan kelebihan instrumen opsyen, MDEX telah memperkenalkan kontrak opsyen lndeks Komposit BSKL bagi menyediakan instrumen lindung nilai khusus bagi pegangan portfolio di pasaran ekwti negara. Kajian ini cuba menjelaskan peranan kontrak tersebut dalam memenuhi keperluan pasaran negara serta aspek pelaksanaannya meliputi …
Islamic Banking And Takaful : The Development And Future Challenges In Malaysia, Jalaludin Mohd Noor, Khairuddin Hanafiah
Islamic Banking And Takaful : The Development And Future Challenges In Malaysia, Jalaludin Mohd Noor, Khairuddin Hanafiah
Student Works (2000-2009)
The establishment of the Mil Ghamr Local Savings Bank of Egypt in 1963 marked a new milestone in the development of Islamic banking system. The interest-free banking concepts introduced by Mil Ghamr signaled to the Muslim community that Islamic principles were applicable to modern day banking business. The government of Malaysia has been actively promoting Islamic banking with the view to have Islamic financial system operating side-by-side with the conventional interest-based system, Both are geared towards the nation's socioeconomic development goals. The establishment of Bank Islam Malaysia Berhad in 1983 was the first step towards this vision. Ten years later, …
Pemikiran Abu Yusuf Mengenai Kewangan Islam : Kajian Dalam Kitab Al-Kharaj, Hanin Mahamud Azaki
Pemikiran Abu Yusuf Mengenai Kewangan Islam : Kajian Dalam Kitab Al-Kharaj, Hanin Mahamud Azaki
Student Works (2000-2009)
This dissertation explains the contribution of Abu Yusuf in Islamic Finance based on his Kitab al-Kharaj in which he has been regarded as an outstanding Muslim thinker of Hanafi school of thought. In this work, Abu Yusuf highlighted the position of land taxation (al-kharaj) according to Islamic perspective. ln other words, it tries to view Islamic rulings concerning land tax, its procedures as well as its measurement. Hopefully it will assist in the implementation of land tax accordance with the spirit of Islam. Chapter one explains the background of Abu Yusuf, his teachers and writings. Chapter two mentions the theory …
Akad Al-Bay Bi Thaman Ajil Di Bank Rakyat Mengikut Perspektif Undang-Undang Kontrak Islam, Hamizan Mohd. Nor
Akad Al-Bay Bi Thaman Ajil Di Bank Rakyat Mengikut Perspektif Undang-Undang Kontrak Islam, Hamizan Mohd. Nor
Student Works (2000-2009)
Al-bay bi thaman ajil (BBA) is a financing contract according to Islamic principles. It is a well-known product and is offered by Islamic Banking System in Malaysia including Bank Rakyat itself. The product is an alternativies to the financing scheme of the conventional bank. Therefore, the dissertation studies the practice of SBA contract with attention given to the concept and nature of BBA contract in the Islamic transaction and its practise at Bank Rakyat. The study also discusses certain relevant concept such as debt, buy and selling (transaction), profits and usury in Islam all of which constitute some important aspects …
Kefahaman Tentang Al-Sakha Dan Penghayatannya Di Kalangan Kakitangan Universiti Teknologi Mara (Uitm) Shah Alam, Selangor Darul Ehsan, Halipah Hamzah
Kefahaman Tentang Al-Sakha Dan Penghayatannya Di Kalangan Kakitangan Universiti Teknologi Mara (Uitm) Shah Alam, Selangor Darul Ehsan, Halipah Hamzah
Student Works (2000-2009)
Allah s.w.t. has blessed mankind with their assets whether in the form of material wealth, wisdom, skill etc. However, all these assets would still belong to Him and it is therefore held by human beings in trust to benefit all mankind al their best. In Islam, 1here are many ways to distribute one's resources such as donation. lending. endowment, discussion etc. By being generous, we share the quality of the charitable mankind and shall be rewarded by Allah s.w.t. as highlighted in al-Quran and Hadis. There are three levels of generosity, that is to donate a potion of their assets …
Daman Al-Mithl In The Contract Of Al-Ijarah And Al-Rahn : A Comparative Jurisprudential Study, Hossam Eldin Ibrahiem
Daman Al-Mithl In The Contract Of Al-Ijarah And Al-Rahn : A Comparative Jurisprudential Study, Hossam Eldin Ibrahiem
Student Works (2000-2009)
Al-daman (guarantee) is one of the legitimate means used to protect ownership and other financial rights. It is one of the means of security upon which people have been dependent for a long time. As people use it, it develops with the development of their economic and commercial dealings. Al-daman has, as such become an important means which plays a vital and basic role in the development of modem economies. Its role is so vital that it is not an exaggeration to say that al-daman has become the basic pillar of the modem economies and all commercial dealings for banks, …
Analisis Keuntungan Perbankan Islam Di Malaysia Dengan Tumpuan Kepada Pengurusan Aset Dan Liabiliti, Hadenan Towpek
Analisis Keuntungan Perbankan Islam Di Malaysia Dengan Tumpuan Kepada Pengurusan Aset Dan Liabiliti, Hadenan Towpek
Student Works (2000-2009)
Kajian disertasi ini menyentuh tentang konseptualiti dan signifikasi konsep keuntungan dalam pelbagai perspektif termasuklah perspektif ekonomi tulen, ekonomi Islam, perbankan konvensional dan perbankan Islam. Fungsi dan pengaruhi konsep ini amat signifikan sehinggakan ia ditanggapi sebagai kayu pengukur bagi pencapaian matlamat dalam perti.mbangan berekonomi. Kajian disertasi ini meneliti terperinci kadar keuntungan dalam perbankan dwi-sistem di Malaysia dalarn suasana perubahan kadar faedah pasaran. Pendekatan yang dibuat dengan mengenalpasti fonnulasi strategik segmen-segmen dalam pengurusan aset dan liabiliti dalam perbankan dwi-sistem yang mampu menjanakan margin-margin keuntungan yang optimum dalam apa jua suasana kadar faedah sekalipun. Bagi perbankan konvensional yang mengaplikasikan kadar faedah terapung boleh …
Performance Of Islamic Banking Scheme At Foreign Banks : A Malaysian Case Study, Luqyan Tamanni
Performance Of Islamic Banking Scheme At Foreign Banks : A Malaysian Case Study, Luqyan Tamanni
Student Works (2000-2009)
Using trend and ratio analysis, this study analyses the performance of Islamic banking operations at three foreign banks in Malaysia i.e. HSBC, OCBC and SCB:MB. Using the data from 1996-2000, it is possible to track progress and evaluate performances of the Islamic Banking Scheme (IBS) versus its conventional counterpart at these banks. It is also possible to examine the impacts of the Asian Crisis in 1997-98 to the Islamic banking operations, especially at the foreign banks. This study concludes that, during 1996-2000, Islamic banking operations at foreign banks have been performing considerably well, during and post the crisis. On average, …
Pentadbiran Dan Pembangunan Harta Wakaf Di Negeri Melaka, Sayuti Abd. Ghani
Pentadbiran Dan Pembangunan Harta Wakaf Di Negeri Melaka, Sayuti Abd. Ghani
Student Works (2000-2009)
In Islamic history, wakaf institution plays a viral role in building strong Islamic economy. However, lately wakaf institution is not being seen anymore as an institution that can solve economic problems of the Muslim society. This is due to unprofessional handling of wakaf properties where a lot of wakaf lands are being left undeveloped even though they are in a very strategic area. From the above statements, this dissertation will look in detail at the wakaf system in Islamic law as being provided in the al-Quran and Hadith and also from fiqh literature. This research also focuses on organisation and …
Mekanisme Al-Murabahah Dan Al-Bay Bi-Thaman Ajil Dalam Sistem Pembiayaan Di Bank Islam Malaysia Berhad (Bimb), Mazran Mohd. Nazim
Mekanisme Al-Murabahah Dan Al-Bay Bi-Thaman Ajil Dalam Sistem Pembiayaan Di Bank Islam Malaysia Berhad (Bimb), Mazran Mohd. Nazim
Student Works (2000-2009)
This dissertation will discuss the mechanisme of interest-free financing applied in the famous islamic financial institution in Malaysia, Bank Islam Malaysia Berhad (BIMB). The two important mechanisme discussed are al-murabahah and al-bay bi-thaman ajil. The discussion will comprise the whole concept of the mechanisme fr.om the Islamic perspective and their application in the operation of Bank Islam Malaysia Berhad (BIMB).
Webzakat (Sistem Pengiraan Zakat Berasaskan Web), Zainal Abidin Azniah
Webzakat (Sistem Pengiraan Zakat Berasaskan Web), Zainal Abidin Azniah
Student Works (2000-2009)
WebZakat merupakan sistem pengiraan zakat berasaskan web. Tujuan pembangunan sistem ini ialah untuk memudahkan pengguna mengira jumlah zakat yang wajib dibayarnya, lengkap dengan contoh pengiraan dan penjelasan dari Al-Quran, hadis Rasulullah s.a. w dan pendapat para ulamak, selain memberi kemudahan kepada pengguna untuk membuat rujukan berkenaan zakat. WebZakat dibahagikan kepada dua modul utama, iaitu modul pengguna dan modul pentadbir. Modul pengguna mempunyai fungsi rujukan, pengiraan dan pertanyaan manakala modul pentadbir adalah untuk tujuan penyelenggaraan WebZakat rnembolehkan pengguna menggunakan kalkulator zakat yang meliputi lapan jenis zakat harta. Selain itu, pengguna juga boleh menghantar sebarang pertanyaan kepada pihak perujuk yang dicadangkan dengan …
Kesan Penubuhan Pusat Zakat Ke Atas Pentadbiran Zakat Di Negeri Pahang, Wahairi Mahmud
Kesan Penubuhan Pusat Zakat Ke Atas Pentadbiran Zakat Di Negeri Pahang, Wahairi Mahmud
Student Works (2000-2009)
In Pahang, the zakat collection system was privatized in January 1996 where the responsibility was given to the Pusat Kutipan Zakat Pahang (PKZP). The company is owned by the Majlis Ugama Islam Dan Adat Resam Melayu Pahang (MUIP) which controls 51 percent of the major shares and the remaining is owned by AI-Zakat Sdn. Bhd. (49 percent). Hence, this dissertation aims to study the impact of the establishment of PKZP on the management of zakat in the state. This six chapters dissertation discusses the professionalism aspects of zakat management since the early days of the Islamic era in comparison to …
Lembaga Tabung Haji : Suatu Kajian Sumbangan Terhadap Ekonomi Umat Islam Di Wilayah Persekutuan Kuala Lumpur, Tengku Aziz Raja Abdullah
Lembaga Tabung Haji : Suatu Kajian Sumbangan Terhadap Ekonomi Umat Islam Di Wilayah Persekutuan Kuala Lumpur, Tengku Aziz Raja Abdullah
Student Works (2000-2009)
TENGKU AZIZ BIN RAJA ABDULLAH - Pilgrimage Fund: An analysis on its contribution to Muslim community in Federal Territory, Kuala Lumpur. Dissertation for Usuluddin Faculty, Islamic Academy University Malaya, Kuala Lumpur. Pilgrimage Fund is a statutory body established to provide services among Muslim community in Malaysia especially in the haj management. The fund was set to assist Muslim in saving their money gradually to eventually perform haj or umrah. It was also responsible in expanding the saving through profitable investment for the benefit of depositors. Indirectly it has assisted in improving the economic level of Muslim community. To achieve this, …
Pembayaran Zakat Padi Di Daerah Pendang, Kedah Darulaman, Mohamad Azam Hussain
Pembayaran Zakat Padi Di Daerah Pendang, Kedah Darulaman, Mohamad Azam Hussain
Student Works (2000-2009)
Government and general conception on the zakat management in Malaysia has been that unsatisfactory. Many factors can be pointed as the cause of the present state of affairs. Based on the past research, most of the problems were qualitatively analysed from empirical data. This research uses quantitative data in analysing the problems arising from the management of zakat through case study on the payment of zakat paddy in District of Pendang, Kedah. The data shows that the total amount of zakat paddy collected by the administrators is much lower than the amount collected from total crop collection from farmers. This …
Peranan Sekuriti Hutang Islam (Ids) Dalam Pasaran Modal Di Malaysia, Asmak Ab. Rahman
Peranan Sekuriti Hutang Islam (Ids) Dalam Pasaran Modal Di Malaysia, Asmak Ab. Rahman
Student Works (2000-2009)
This research is a comparative study of debt securities in the capital market which play a vital role in economic development. The aim of the study is to highlight the roles of Islamic debt securities or lsamic bond in Malaysian capital market which could be operationalized as an alternative to the conventional debt securities. The former operates in accordance with legal principles of Islamic commercial law such as bay' af-murabahah and bay' al-dayn. The study concludes that Islamic debt securities have an Islamic task as an alternative in the development of capital market in Malaysia.
Macroeconomic Aspect Of Islamic Banking And Finance, Khidir Mohamed Ali Hassan
Macroeconomic Aspect Of Islamic Banking And Finance, Khidir Mohamed Ali Hassan
All-Inclusive List of Electronic Theses and Dissertations
The Islamic economy is the subject of this thesis, which reviews the basic foundations of this system. The main idea under discussion is the implication of monetary and fiscal policy in an Islamic economy framework. This analysis shows how the positively sloped IS and LM curves can be achieved. These two curves are used to determine the value of national income and expected profit rate. The stability of the system is ensured and the policy effectiveness is studied. This study shows the following results: (1) IS-LM framework can be used to analyze the macroeconomic aspect of Islamic economy. (2) The …