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The Muslim World League ( MWL; Arabic: رابطة العالم الاسلامي, romanized : Rabitat al-Alam al-Islami [ra:bitˤat al ʕa:lami al isla:mij]) is an international Islamic [ 1] NGO based in Mecca, Saudi Arabia that promotes what it calls the true message of Islam by advancing moderate values that promote peace, tolerance and love ...
Organisation of Islamic Cooperation Head-office Building, Jeddah. The Organisation of Islamic Cooperation (OIC; Arabic: منظمة التعاون الإسلامي, romanized: Munaẓẓamat at-Taʿāwun al-ʾIslāmī; French: Organisation de la coopération islamique), formerly the Organisation of the Islamic Conference, is an intergovernmental organization founded in 1969.
The Makkah Declaration (2019) also known as the Charter of Makkah, is a document that was endorsed on 28 May 2019 in Makkah, Saudi Arabia. Its creation was largely conceived and realized by the Muslim World League and it was presented by Saudi King Salman bin Abdulaziz Al Saud. [1] It was written to create a pan-Islamic set of principles that ...
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t. e. Islamic banking, Islamic finance ( Arabic: مصرفية إسلامية masrifiyya 'islamia ), or Sharia-compliant finance[ 1] is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic finance include mudarabah (profit ...
It is also a founding member of the Gulf Cooperation Council, Muslim World League, the Organisation of Islamic Cooperation, and the Islamic Development Bank—all of which are headquartered in Saudi. The country plays a prominent role in the International Monetary Fund, the World Bank, and in 2005 joined the World Trade Organization.
Islamic banking and finance has its own products and services that differ from conventional banking. [ 1][ 2] These include Mudharabah ( profit sharing ), Wadiah (safekeeping), Musharakah ( joint venture ), Murabahah (cost plus finance), Ijar ( leasing ), Hawala (an international fund transfer system), Takaful (Islamic insurance), and Sukuk ...
The All-India Muslim League (popularised as the Muslim League) was a political party established in 1906 in British India. The first session of the party was held in Karachi in 1907. Muhammad Ali Jinnah joined the league in 1913. [1] In 1927 the League was divided into two factions regarding the issue of a joint electorates.