ISLAM

REPORTER NO 12.
NOELLE LEI G. REYES
BSA 2 SCHED 1
ISLAM

■ second largest of the world's major religions

■ founded by the prophet Muhammad in AD

610
■ 1.2 billion adherents
ISLAM

■ Islam has roots in both Judaism and

Christianity
■ Is a monotheist religion
 Other Major principles of Islam:
1 honoring and respecting parents,

2 respecting the rights of others,

3 being generous but not a squanderer,

4 avoiding killing except for justifiable causes,

5 not committing adultery,

6 dealing justly and equitably with others,

7 being of pure heart and mind,

8 safeguarding the possessions of orphans, and

9 being humble and unpretentious.

 ISLAM RELIGION

is an all-embracing way paramount in all

of life governing the areas of life.
totality of a Muslim's
being.
requires prayer five times a day and women
should be dressed in a certain manner and
consumption of pork and alcohol is
prohibited.
 Islamic
00 Fundamentalism

7
 symbolic gestures that confirm Islamic values.
Women resumed wearing floor-length, long
01 sleeved dresses and covering their hair.

02 religious studies have increased in universities. 02

03 publication of religious tracts has increased

public religious rations have risen

04
04

05 fundamentalists are anti-western because of the

Western influence for a range of social ills.
 3 Grounds in Islam doctrine.
1 2
There is no Islam is not just a religion but
distinction between also the source of law, a
church and state guide to statecraft and an
arbiter of social behavior
3
Muslims believe that every
human endeavor is within
their faith which includes
political activity doing and
following God's will.
Economic
Implications of
ISLAM
TRUSTEE
is any person or organization that
holds the legal title of an asset or
group of assets for another person.
 One economic principle of Islam prohibits the payment or
receipt of interest, which is considered usury. This is not
just a matter of theology but a matter of law. The Koran
clearly condemns interest, which is called riba in Arabic, as
exploitative and unjust.
 Riba
refers to interest paid on loans or
gained on bank deposits.
Even conventional banks are entering the market-both
Citigroup and HSBC, two of the world's largest financial
institutions, now offer Islamic financial services.
In Iran and Sudan, an increasing number of countries
customers can choose between conventional banks and
Islamic banks.
 Conventional Banks Islamic banks

make a profit by spreading between the refers to financial

interest rate they have to pay to activities that adhere to
depositors and the higher interest
rate they charge borrowers. Shariah (Islamic law)
.
2 different method to make money

● mudarabah
● murabaha.
 Mudarabah Contract

• It is similar to a profit-sharing scheme.

 Murabaha Contract

• is the most widely used among the world's

Islamic banks, primarily because it is the
easiest to implement.