A trip to Amsterdam - ئامىستىردامغا ساياھەت

ياۋرۇپاغا بولغان سەپىرىمدە، ئامىستىردامغا بىر كۈن تۇرۇش ئىمكانىيىتىگە ئىگە بولۇپ قالدىم.... شۇڭا ئامستىردامدىكى دەم مەيدانىغا بېرىپ كۆرۈپ كەلدىم......... لېكىن ھەەمە ئادەم ماڭا قارايتتى.... قىزىق يېرى شۇكى، بۇ قەھرىتان سوغۇقتا مەن يىلىڭلا كىيىنۋالغان ئىدىم.. بەزىلەرتايلاند لىقكەن دىسە ، بەزىلەر ھىندونىسىيەلىك ئوخشايدۇ دەپ پىچىرلىشىپ كەتتى،،،، مېنىڭ ئاخرىقى بارماقچى بولغان دۆلەت باشقا يەر بولغاچقا، بارلىق قىشلىق كىيىملىرىم شۇ دۆلەتكە يوللىۋېتىلگەن ئىدى......
دۇكانلار ئىچىلغۇچە، شۇ سوغاققا قارىماي ئامىستىردامنى ئايلىنىپ يۈردۇم... ھەمدە دەم مەيدانىنى زىيارەت قىلىۋالدىم.... ئۇستىدىكى سۈرەتلەر شۇ مەيداننىڭ ئەتىراپىدا تارتىلغان.....

GRE format to change from August - GRE ئىمتىھانىنىڭ شەكلى ئاۋغۇستتىن باشلاپ ئۆزگىرەيدۇ.

Graduate Record Examination (GRE) that is conducted by the Educational Testing Services (ETS) for admission into MS programmes primarily in the United States and in other English-speaking countries will undergo a major change from August 1. Earlier GRE score was important for getting admission into MS programmes but from August the score will also be considered for admission into MBA programmes by some universities such as Yale, Wharton, Stanford and MIT.

"This shows that GRE is coming close to examination formats such as CAT and GMAT. The format is being suitably altered to suit the admission process for both MS programmes and B-schools," says the Director of TIME (Vizag) J.V. Murthy.

Annually over 6.75 lakh students from about 230 countries write GRE for admission into various universities in the US and in other English peaking countries. The major change will be in the verbal ability section. Unlike in the earlier pattern, there is going to be less emphasis on non-contextual vocabulary.

The antonym and analogies section will be removed and the focus will shift towards reading and cognitive skills, with more focus on questions and reading comprehensions. In the new format the verbal part is being divided into two sections. The old format had only one section. Both sections in the new format will have 20 questions each.

"Most importantly the students can now move within a section. They can scroll up and down, edit, skip and correct. Students can even highlight a sentence in a passage to answer a question. It will be more user-friendly with lot of flexibility," says Mr. Murthy.

The quantitative aptitude section is again divided into two sections with 20 questions each and the same flexibility is given. Apart from multiple choice questions, there will be numeric entry type questions in the new format. And for the first time ETS will be providing an on-screen calculator.

Islamic Finance Education - ئىسلامى مالىيە مائارىپى

FGKC - Islamic Finance Education

The changes in the Islamic Banking and Finance industry have been tremendous since its inception in the early 1970s. However this sharp growth has not been met with developing the required human capital base. There is a dearth of Islamic Banking and Finance professionals not only locally but also regionally and globally. First Global Knowledge Centre (FGKC) - the educational arm of the Fist Global Group - pioneered the introduction of Islamic Finance education with a view to opening the doors for greener pastures through a career in Islamic Banking and Finance.

FGKC is the brainchild of its Founder and Managing Director Muhammad Ikram Thowfeek, a Chartered Accountant by profession and an Islamic Banker by practice. It was established in 2007 and is the pioneer in Sri Lanka in the field of Islamic Banking and Finance education. FGKC offers the international recognized Islamic Finance Qualification (IFQ) in Sri Lanka, Bangladesh, Pakistan, Maldives and Qatar, and is the accredited training centre for the prestigious Chartered Institute for Securities & Investments (CISI) UK. Classes are conducted during weekends and the full-time course during weekdays, especially for students who have sat the G.C.E. 'O' level and 'A' level, is scheduled to begin in June 2011. Registration is now open for potential students. For further details students could call on our hotline: 0774616710.

FGKC has successfully educated more than 300 students in achieving IFQ status locally and prepares its students to sit the CISI-UK computer based tests (CBT) by having in-house computer based mock exams 100% free of charge for FGKC students. Since July 2010, all the full time students of FGKC enjoy a 50% rebate in the IFQ UK exams.

FGKC proudly states that 20 students have achieved ACSI status (Associate Member of Chartered Institute for Securities & Investments)-UK and proudly recommend them for any Islamic financial organization in any part of the world.

FGKC has an excellent knowledge of the Islamic Banking & Finance Industry and is above par. It is committed to raise the quality of professionalism in every student. FGKC wants all students regardless of community, creed or circumstances to achieve their full potential. The IFQ is a ground breaking qualification that covers Islamic Finance from both a technical and Shari'ah perspective, providing the first international benchmark in the area of Islamic Finance. IFQ is reviewed annually to reflect developments in the fast changing world of Islamic Financial services.

At present, FGKC conducts the much sought after IFQ course in Doha-Qatar and very recently the third batch has completed the classes. Expansion into the Maldives, Pakistan and Bangladesh are in the pipeline and are expected to be rolled out in the coming years.

FGKC has also conducted a number of seminars and workshops on Islamic Banking, Finance and Takaful by bringing down experts and practitioners to share their knowledge and experiences with the audience. The two annual signature events simply titled "Know-it-All" and "Know-it-Beyond", have been success stories for FGKC.

First Global is also in serious negotiations with some prestigious international institutions, academic bodies and universities to offer world-class qualifications for those who are interested in pursuing a career in this ever-growing Islamic Finance industry.

FGKC also offers internationally recognized Distance Learning Programmes in Sri Lanka, in association with Al Huda Centre for Islamic Banking and Economics, Pakistan (Al Huda CIBE). Currently it offers:

• Postgraduate Diploma in Islamic Banking and Finance,
• Certified Takaful Professional,
• Certified Islamic Funds Manager,
• Certified Sukuk Professional, and
• Certified Islamic Microfinance Manager.

Another salient feature is the special introductory fee given for students from Sri Lanka. A handsome discount is offered for all these programmes which are indeed very much affordable.
In the Islamic finance education in Sri Lanka, only FGKC has the lecturing panel consisting of professionals and practitioners in the Islamic Banking & Finance industry powered by Mr Ikram Thowfeek who is considered a specialist in start ups, which is a unique experience gained over more than two decades in working for major Islamic Banks and Financial Institutions in the Middle East.
Also FGKC has got very prominent and influencial personnel locally and globally in the field of Islamic Finance as lecturers in its panel to deliver the high quality and professional education.

First Global is making every endeavour to realize its dream of establishing 'First Global Academy' by the year 2015. The initiative is to offer Bachelor and Postgraduate Degrees in Islamic Banking, Finance, Management and other related fields along with a totally Shari'ah compliant environment.
For further details log into www.fgkcentre.com or email: info@fgkcentre.com.

Islamic finance could aid development

Islamic Finance is becoming one of the most rapidly growing segments of the global finance industry. There is growing interest from financial institutions in designing Islamic or "sharia-compliant" products and services to attract Muslim investors. These products are designed to conform with Islamic financing principles that include linking transactions to tangible economic activities, excluding financial speculation and excessive uncertainty, and funding only socially productive activities, in addition to the well-known stipulation against charging or paying interest.

Interestingly, although it has received much less attention, Islamic financial institutions (IFIs) and development practitioners are also beginning to explore the role that Islamic finance can play in supporting development. IFIs are in fact encouraged to allocate a proportion of their profits to support charitable projects by the Islamic scholars who sit on their advisory boards. Potentially, this represents a huge (and largely untapped) source of funding for a huge range of development activities, from providing clean water in rural communities to promoting the welfare of orphans.

Specific attention has focused on promoting sharia-compliant microfinance for low-income populations. This is partly because of Islamic teachings that encourage economic self-sufficiency among the poor, particularly through microfinance, but also, no doubt, because of the desire of the IFIs to develop future customers.

It is interesting to note that while the provision of interest-based microfinance has proliferated in recent years, relatively few microfinance initiatives adhere to Islamic financing principles even when implemented in largely Muslim countries. Despite the fact that almost half of microfinance clients worldwide reside in Muslim countries, Islamic microfinance accounts for less than 1% of total global microfinance outreach. While many Muslim countries have vibrant microfinance sectors, Islamic microfinance only has a limited outreach. It accounts, for example, for just 3% of the total number of microfinance loans in Syria and only 2% in Indonesia. Islamic microfinance institutions remain relatively small, with an average client base of just 2,400.

This is surprising, as the spectacular growth of Islamic finance has shown there is a demand among Muslims for financial services that are compatible with their religious beliefs. While many Muslims will prefer to continue using interest-based services, others are likely to prefer Islamic alternatives and access these once they become available. In fact, many non-Muslims may also be attracted by the "more equitable" nature of Islamic finance. I remember clearly from my time working in the Balkans the number of Serb micro-entrepreneurs who were attracted to loans that shared business risk between the lender and borrower.

Successful Islamic microfinance programmes can offer several advantages. They may engender higher rates of economic growth as evidence suggests that micro entrepreneurs are willing to undertake more profitable ventures if risk is shared. They can build greater levels of trust and understanding between lender and borrower because of the deeper relationships built through partnership rather than a service provider-client relationship. Because only investment in socially beneficial activities is permitted, they may promote ethical investment and business practices among micro entrepreneurs. Indeed, Islamic finance shares many of the features of socially responsible finance.

However, there are a number of challenges to overcome before Islamic microfinance can flourish. Firstly, Islamic financing – which includes profit and loss sharing techniques and the purchase and delivery of items to micro-entrepreneurs – is typically more time consuming, costly and complicated to manage than interest-based microfinance. Increasing operational efficiency and developing sustainable operating models that increase scale and outreach are therefore crucial. While increasing interest from IFIs may alleviate the traditional constraint of lack of investment for existing and fledgling Islamic microfinance institutions, this must be accompanied by a concerted effort to increase technical expertise and training opportunities as Islamic microfinance generally requires a greater level of staff involvement and understanding of micro-entrepreneurial activities.

Islamic microfinance providers also require a better legal and regulatory framework, not only to monitor their activities but to encourage them to experiment, innovate and develop. With a few notable exceptions, governments have generally failed to provide appropriate regulation and supervision for the expansion of sharia-compliant microfinance or developed comprehensive guidelines on microfinance accounting principles, pricing methodologies and sharia audits. Apart from ensuring that products and processes remain authentically Islamic, there needs to be greater clarity and understanding on what qualifies a service as sharia-compliant by seeking the necessary support from qualified Islamic scholars.

It will be interesting to see whether IFIs, development practitioners and governments can come together over the next few years to overcome these challenges and ensure that Islamic microfinance becomes more widespread.

Bank Asya: Global crisis contributed to participation banks’ prestige

The global financial crisis, which has troubled almost all nations around the world for the past two years, has helped Islamic participation banking gain more prestige worldwide, the top executive of Bank Asya, Turkey’s leading participation bank, said on Thursday.

Speaking at a Cihan TV Network program broadcast on Thursday morning, the bank’s general manager, Abdullah Çelik, noted that this increasing prestige has also translated into growing public interest in participation banks. “For all loans we extend to people, there is a real sale and purchase. If we are financing the purchase of a house, then a house is being sold and bought. No derivatives, no exotic products. We don’t have the kind of products that caused the crisis in the West,” he said, drawing attention to what for most observers was the real reason behind the credit crunch in the US three years ago. “We have real transactions. We have observed that in the West people traded with artificial capital worth 30 times more than what they really possessed through derivative products and other financial instruments. This is not real. But when you examine participation banks, there is an extra prudence there. We never say to people that they can just use the money we give them wherever they wish. We do not have such a thing in our system. There is always a real purchase. This prevents bubbles from emerging in economies,” Çelik explained. The participation banks, like all other banks in Turkey, operate under the Turkish Banking Law, regulated and supervised by the Banking Regulation and Supervision Agency (BDDK). Furthermore, they hold a full foreign exchange license and are part of the payments system in the country. These Islamic finance institutions have grown considerably over the years as they meet Muslims’ preferences of not paying or being paid interest on loans and of not becoming involved in any kind of investment in companies that sell goods or services considered haram (forbidden) in Islamic teachings. Turkish participation banks, for example, have grown 10 times on average in the last eight years as their assets have risen from TL 3.9 billion to TL 43.3 billion according to a report that appeared at Turkey’s best-selling newsweekly Aksiyon in its first issue in May. Çelik’s Bank Asya is now leading the participation bank league in Turkey and has managed to place itself in the top 10 list of all banks in the country. In addition to its domestic success, the bank has also found itself recognized on the global stage, ranking number 404 in the BrandFinance Banking-500 index in 2011.

Some thoughts on Money - پۇل ھەققىدە ئويلىغانلىرىم

پۇل ھەققىدە ئويلىغانلىرىم

مەن دائىم مۇشۇ مەسىلە ئۈستىدە ئويلايدىغان بولۇپ قالدىم.... گەپ ئېچىشتىن بۇرۇن تۆۋەندىكى پارچىلارنى سىلەر بىلەن ئورتاقلىشاي:

1- پارچە:

- ئۇكام بۇ يەرگە چىققىلى قانچە ئۇزۇن بولدى ئۇكا؟
- 5 يىل بولۇپ قالدى.. ماگىستىرلىقنى تاماملاپ بولدۇم، ھازىر دوكتورلىقتا ئوقۇۋاتىمەن..
- ھە مۇنداق دەڭ،،،، بىرەر ئىشنىڭ بېشىنى تۇتالماپسىز دە...
-نىمە دىگىنىڭىز بۇ ئاكا؟؟؟
- ئوقۇپ بۇل بولمىسا بىكار.... ھازىر پۇل بولمىسا بولمايدۇ... پۇل بولمىسا خىزمەتمۇ تاپقىلى بولمايدۇ... 5 يىل جەريانىدا سودا قىلسىڭىز بولمامدۇ؟؟
-شۇنداق پۇل بولمىسىمۇ بولمايدۇ.... ئەمما ئوقۇشنى ئارتۇق كۆردۈم. ئاۋال ئوقۇۋالاي... پۇل دىگننى كېيىن تېپىۋالارمەن...
- قويۇڭا ئۇكام،، ھازىر تاپالمىغان پۇلنى قاچان تاپىسىز؟ يېشىڭزمۇ 30 غا كىرىپ قاپتۇ...
- ئاكا، پۇل تېپىشىنى مەقسەت قىلغان بولسام، بۇنچە جاپا تارتىپ ئوقۇمىسام بولاتتى... ھازىرمۇ ئىقتىساددتىن قىيلىنىپ قالمىدىم... ئۇقۇش مۇكاپات پۇلۇم بار... ئاللاغا شۈكرى..
- چوڭ داچىلاردا ئولتۇرغىڭىز كېلىدىغاندۇ ؟ چوك ماشىنلارنى ھەيدىگىڭىز كېلىدىغاندۇ ؟ ھەممىگە پۇل لازىم ئۇكام...

2 - پارچە:

دادىسى سورىدى:
- نىمە كەسىپ ئوقۇۋاتىسىز قىزىم؟
قىزى جاۋاب بەردى:
- مەن مائارىپ باشقۇرۇش ماگىستىرلىقىدا ئوقۇۋاتىمەن. دادا..
- نىمە ؟ نەدىكى مائارىپنى باشقۇراتتىڭىز؟ بۇ كەسىپ بولمايدىكەن . بۇ كەسىپ بىلەن پۇل تاپقىلى بولمايدۇ ،، كەسىپنى ئۆزگەرتىڭ،، ئىگىلىك باشقۇرۇش ياكى سودا-سانائەت باشقۇرۇش پۇل تاپقىلى بولىدىغان ياخشى كەسىپلەر...
- مەن بۇ كەسىپنى ياخشى ياخشى كۆرىمەن،دادا،، مۇشۇ كەسپنى ئۇقۇغۇم بار...
دادىسى قولىنى ھەركىتى بىلەن،، پۇل بولمىسا بولمايدۇ،،، مېنىڭ كەينىمدە قالسىڭىز، مېنىڭ ئىگىلىكىمنى باشقۇرارسىز ..
قىز جاۋابسىز قالدى..

3- پارچە :

ئەنگىلىيەدە ماگىستىرلىق ۋە دوكتۇرلۇقنى تاماملىغان، ئاۋىستىرالىيەدە ئۇزۇن يىللار ئوقۇتقۇچىلىق قىلغان بىر ئۇقۇتقۇچى ئاۋالقى مەۋسۈمدە بىزگە دەرس بەردى.(ئەسلى دۆلىتى - بېنگال) .. بېشىدىن ئۆتكەن ئىسسىق - سوغاقلارنى بىز بىلەن داۋاملىق ئورتاقلىشىپ تۇراتتى... بىر كۈنى ئۇ مەكتەپ پۈتتۈرگەن ۋاقىتتىكى بىر ۋەقەنى بىز بىلەن ئورتاقلاشتى:
- ساۋاقاشلار سىلەر بىلەمسىلەر؟ ئوقۇغۇچى دىگەن نامرات كېلىدۇ.. ئوقۇغۇچىدا نەدىكىمۇ زىيادە پۇل بولسۇن.... مەن دوكتۇرلۇقنى تاماملىغان ۋاقتىمدا، سىناققا دۇچ كەلدىم،،،، ئەگەر ئۆزەمنىڭ بەختىنى دىسەم دۆلىتىمگە قايتسام بولاتتى،،، دۆلىتىمدە پادىشاھدەك ياشايتتىم،، نوبىل مۇكاپاتىغا ئېرىشكەن مۇھەەمەد يۈنۈس، مالىيە مىنىستىرلىگىنىڭ مىنىستىرى مېنىڭ ساۋاقداشلىرىم بولىدۇ... لېكىن بالىلىرىمنى ئويلاپ، ئۇلارغا ياخشى مائارىپ تەربىيسى بېرىشنى ئويلىسام، غەرب دۆلىتىدە بىرەر خىزمەت بولسىمۇ تېپىپ ئىشلىسەم بولاتتى... ئەڭ ئاخىرىدا، بالىلىرىمنى بەختى ئۈچۈن، غەرب دۆلىتىدە قېلىشنى خالىدىم،،،، يىتەكچى ئوقۇتقۇچىمنىڭ ئىشخانىسىغا باردىم،،، يۇرتۇمغا قايتقۇدەك پۇل يوقلىقىنى، ھىچ بولمىغاندا ياردەمچى ئۇقۇتقۇچىلىققا ئېلىپ قېلىشىنى ئۆتۈندۈم... يىتەكچى ئۇقۇتقۇچۇم فاكولـتىت مۇدىرىدىن سورپ بېقىپ جاۋاپ بېرىشنى ئېيتتى،، دەل مۇشۇ پەيتتە فاكولـتىت مۇدىرى ئۈستىدىن چۈشۈپ كەلدى،،، يىتەكچى ئۇقۇتقۇچۇم مېنىڭ ياردەمچى ئوقۇتقۇچى بولۇپ قېلىش ئارزويۇم بارلىقىنى فاكولـتىت مۇدىرىغا بىلدۈردى.... ئۇ ناھايىتى سۈرلۈك قىياپەتتە، نىمىشقا ئابدۇ بىراقلا ئۇقۇتقۇچىلىققا ئىلتىماس قىلمايدۇ دەپلا چىقىپ كەتتى........ مەن ئۇنىڭ گېپىنى خاتا چۈشۈنىپ قىلىپ ئۇلارنىڭ چەتئەللىكلەرنى يەكلەش ئادىتى بويىچە مۇئامىلە قىلىۋتقان ئوخشايدۇ دەپ قاپتىمەن..... مېنىڭ ئەستايىدىللىقىمنى، ئىلمى ماقالامنىڭ ياخشى چىققانلىقىنى ھەر ئىككىسى بىلەتتى.. شۇنداق قىلىپ ئوقۇتقۇچى بولۇپ ئىشلەپ قالدىم.. كېيىنلىكتە ئاۋستىرالىيەگە ئورۇنلاشتىم....
ساۋاقداشلار ئىسىڭلاردا بولسۇن، سىلەردە تىرىشچانلىق + رىقابەتنى سۆيىدىغان روھ + رىغبەت بولۇشى لازىم،،، رىغبەت ئۇستازدىن كېلىدۇ،.. قالغان ئىككىسى ئۆزۈڭلاردىن كېلىدۇ...... مەن ھازىرمۇ ھەپتىدە 70-80 سائەت خىزمەت قىلىمەن.....

مانا بۇ يېشى 70 تىن ھالقىغان بىر ئۇستازنىڭ سۆزى...

4-پارچە:

- ئۇكام مېنىڭ 7 مىڭ مو يەردە يېرىم بار، نەچچە مىڭ قويۇم بار،،، ھەەمە ئىشنى باشقىلار قىلىدۇ.. يىلدا نەچچە مىليون كىرىمىم بار...
ئۇكام، مېنى داڭلىق كىيىم ساتىدىغان يەرگە ئاپىرىڭا... كىيىم ئالاتتىم.......
مەن بىر نەچچە كىيىم ساتىدىغان يەرگە ئاپاردىم.... كىيىملىرى خېلى قىممەت ئىدى....
- ئاكا بۇ دۇكاندا كىيىملەر بەك قىمەت......
باھاسىغا بىر قۇر قاراپ چىققاندىن كېيىن:
--ئۇكام،، بۇ كىيىملەر بەك ئەرزان ئىكەن... مەن بۇ ئىشتاننى 1800 سومغا ئالغان.. بۇ كۆڭلەكنى 1200 سومغا ئالغان.... باشقا يەرگە ئېلىپ كېرىڭ.. بۇ ماركىنى بىزنىڭ يۇرتتا ھىچكىم بىلمەيدۇ...
باشقا بىر دۇكانغا ئېلىپ كىردىم..

- بۇ بولىدىكەن ئۇكام...... بۇ ماركىنى ھەەمە ئادەم تونۇيدۇ......
بىر دەمنىڭ ئىچىدىلا 5500 يۇەنگە 4 دانە مايكىنى ئېلىۋەتتى.... 4-5 مىڭ يۈەن قىممىتىدىكى سائەتتىن 2 نى ئېلىۋەتتى...ئاددى بىر كۆزئەينەكنى 1500 يۈەنگە ئېلىۋەتتى... .. مۇشۇنداق پۇل خەجلەيدىغان ئادەمنىڭ مۇنۇ ئىشىنى كۆرۈڭ:

- ئۇكام... بايا بىزنىڭ يۇرتتىكى بىر ئاغىنەمنىڭ ئوغلىنى كۆردۈم... مۇشۇ دۆلەتتە ئۇقۇيدىكەن،،،، دادىسى بىلەن بەك يېققىن...... مەن چاقىرىپ كېلىپ 200 يۇەن بەردىم.................................................

داۋامىنى ۋاقتىم چىققاندا يازاي...

Fresh debate over sharia law in Australia

MARK COLVIN: The Australian Federation of Islamic Councils wants Muslims to be able to marry, divorce and conduct financial transactions under the principles of sharia law.

The federation has asked for the change in a submission to the Federal Parliament's Committee on Multicultural Affairs. It argues that all Australians would benefit if Islamic laws in matters ranging from finance to halal meat were adopted as mainstream legislation.

That's not a view shared by many of the other contributors to the usually low profile committee. It's received an astounding number of submissions on the topic, an indication that sharia ignites passionate feelings.

Jacquelyn Hole has this report.

JACQUELYN HOLE: Ikebal Patel, the president of the Australian Federation of Islamic Councils, agrees the very word sharia could invoke unholy notions of a fierce, unjust, male dominated legal code.

IKEBAL PATEL: Short of trying to redefine or use another word, really I would like to suggest that what the Muslim community at least in Australia has to do is to try and explain that you know there's no aspect of sharia that is out there that is being tried to be you know to be introduced here.

JACQUELYN HOLE: However Mr Patel believes everyone would benefit if sharia law were utilised in a pluralistic society such as Australia.

IKEBAL PATEL: Under the global financial crisis that we had the established you know market, the sharemarket sector, the products that are there suffered very badly. Whereas the sharia compliant investment funds did tremendously well and that's been identified you know by the financial community around the world.

JACQUELYN HOLE: Even popular beliefs that sharia marriage laws are oppressive towards women are wrong, Mr Patel asserts. Rather, sharia guarantees women's rights that are not recognised in mainstream Australian courts.

That's not the view of author Ida Lichter, who has written on the lives of Muslim women in both the West and predominantly Islamic countries.

IDA LICHTER: The members of the Iranian and Kurdish Women's Rights Organisation in Britain have drawn attention to these oppressive laws that they escaped by migrating to the West and they've said that women are much better under legislation based on universal human rights.

JACQUELYN HOLE: Law lecturer Ghena Krayem, who has researched the issue of legal pluralism, says the Islamic community does not want a parallel legal system set up.

GHENA KRAYEM: Found that there's no evidence from any community leaders of any desire to set up a parallel legal system and I think to pose the question in that way presupposes this assumption that the Muslim community wants an alternative or parallel legal system.

JACQUELYN HOLE: Rather, Ms Krayem says some of the processes around legal matters such as divorce and inheritance could take on board Muslim notions of dialogue and alternative dispute resolution but the law should service all community members alike.

A discussion is as far as it will go, according to the Federal Attorney-General Robert McClelland. In a statement released to the ABC Mr McClelland stated.

EXCERPT FROM ROBERT MCCLELLAND'S STATEMENT: There is no place for sharia law in Australian society and the Government strongly rejects any proposal for its introduction.

Australia's brand of multiculturalism promotes integration. If there is any inconsistency between cultural values and the rules of law then Australian law wins out.

JACQUELYN HOLE: Clearly the Government wants that to be the last word on this topic.

Source: http://www.abc.net.au/pm/content/2011/s3219463.htm

ئىسلامىي مالىيە ئاتالغۇلىرى Islamic Finance Terminologies

BBA, Bay’ Muajjal	بۇ سېتىش ئۇسۇلى مۇراباخا غا ئوخشاپ كېتىدۇ.. كىچىكتۈرۈپ پۇل تۆلەش تۈزۈمى دەپ ئاتىساق بولامدىكىن دەيمەن.. بانكا بىلەن سېتىۋالغىچى تەرەپ توختام تۈزەيدۇ،،، سېتىۋالغىچى تەرەپ بانكىنىڭ سېتىۋالغان باھاسى بىلەن پايدىسىنى بىلىدۇ،، خېرىدار كېيىن بىراقلا تۆلەيدۇ ياكى ھەر ئايدا بۆلەكلەرگە بۆلۈپ تۆلەيدۇ..
Aql	ئەقىل
Basel II	باسىل توختامنامىسى
Credit risk	كىرەدىت خەتىرى
Debt Financing	قەرز مالىيسى
Debt-based Instruments	قەرز ئاساسىدا قۇرۇلغان مالىيەلەر
Demand deposits	قەرەلسىز ئامانەت
Dual banking model	قوش دەرىزىلىك بانكا مودىلى
Halal	ھالال
Haram	ھارام
Hibah	مۇكاپات
Ijara	ئىجارە
Ijma	ئىجمائ
Interest Free bank	ئۆسۈمسىز بانكا
Interest, Riba, Usury	ئۆسۈم
Investment deposits	مەبلەغ ئامانىتى
Islamic banking	ئىسلام بانكىسى
Islamic Finance	ئىسلام مالىيسى
Islamic Finance products	ئىسلام مالىيسى مەھسولاتلىرى
Islamic Financial Services Board	ئىسلام مالىيسى مۇلازىمەت كومىتىتى
Islamic financial system	ئىسلام مالىيە سىستىمىسى
Islamic Law, Shari’ah	ئىسلام قانونى
Islamic windows	ئسىلامى كۆزنەك
Kuwait Finance House	كۇۋەيت مالىيە بانكىسى
Mal	مال
Marketability, transferability	بازارچانلىقى ، ئۆتۈنۈپ بېرىشچانلىقى
Money Market	پۇل بازىرى
Money time value	پۇلنىڭ ۋاقىت قىممىتى
Predetermined, guaranteed rate of return	ئالدىنئالا بەلگىلەنگەن، مۇقىم ئۆسۈم نىسبىتى
Principal	ئەسلى مەبلەغ
Profit	پايدا
Profit sharing	پايدىدىن تەڭ ھالاۋەت كۆرۈش
Rental income	ئىجارە كىرىمى
Risk Sharing	خەتەرگە تەڭ مەسئۇل بولۇش
Salam	سالام مالىيسى - كېيىن نۇقتىلىق ھالدا چۈشەندۈرىمەن.
Secondary Markey	ئىككىلەمچى بازار
Securitization	ئاكسىيەلەشتۈرۈش
Shari’ah Advisory Committee	شەرىئە مەسلىھەت كۆمىتىتى
Stock market	پايچەك بازىرى
Sukuk	ئىسلام زايومى
Sukuk Holders	ئىسلام زايومى ئىگىلىرى
Takaful	ئىسلام سۇغۇرتىسى
Urf	ئۆرپ ئادەت
Wakala	ۋەكىلچىلىك
Waqf	ۋەخپە
Wealth distribution	بايلىق تەقسىملەش
Istisna	ئىستىسنا - ئادەتتە قۇرۇلۇش توختامنامىسىغا ئىشلىتىلدۇ
Tawarruq	تەۋەررۇق

Islamic Finance Terminologies - 伊斯兰金融术语

BBA, Bay’ Muajjal

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