The Great Dictator ( 1940 ) And The Interview ( 2014 )

Many films that make a mockery of dictators have been released over the years, but two of those films stand out for how accurate their parodies are in reality, that stands up to a known oppressor. These two films are The Great Dictator (1940) and The Interview (2014). These two films share the comedic twist of Classical Hollywood Narrative to outline their story. Unlike many other films mocking a dictator these two films create a parody of a known figure in modern history to demoralize each despot for the good of the oppressed society. Outside of the film itself, they share a severe backlash upon release that involves bombings, cyber-attacks, and bans on both films. The following discussion will examine how the similarities in the techniques employed by each filmmaker during development helped to strengthen each film’s satiric impact, while also causing each film to incur a similarly harsh and violent reception upon debut. By 1938 Chaplin was one of the greatest writers, directors and actors in the film industry, well known for his socioeconomic and political satire within The United States. He felt so confident in his ability in mocking the world’s most dangerous man that he was willing to spend $1.5 million of the $2 million budget. The two differences in this later film from his earlier work were the introduction of sound in films and the disappearance of his reoccurring protagonist â€Å"The Little Tramp†. Chaplin’s use of sound in this film was a huge factor in history, notShow MoreRelatedAn Exploration Of The Great Dictator1354 Words   |  6 Pages Running head: AN EXPLORATION OF THE GREAT DICTATOR (1940) 1 AN EXPLORATION OF THE GREAT DICTATOR (1940) 2 An Exploration of Charlie Chaplin s Influences, Symbolism, and Use of Sound in The Great Dictator (1940) Vincent G. Foisy Cleveland State University. An Exploration of Charlie Chaplin?s Influences, Symbolism, and Use of Sound in The Great Dictator (1940) In the early 1900?s, Charlie Chaplin became one of the most famous filmmakers in American history. His clumsyRead MoreNobel Laureate Gabriel Garcia Marquez a Champion for Latin American Solitude1810 Words   |  8 Pagesand tangible. In Marquez’s Nobel Prize Lecture, he champions the experience of Latin Americans and its influence on his stories. In general, he then theorizes that the experience of Latin America is, in fact, an experience of solitude, in which buds great curiosity and inquiry. In his lecture, Marquez contends that Latin American lives are divinely magical and thus their experience cannot be understood; consequently, leaving them in a state of seclusion. His works are catalysts for social, political

Darwin’s Theory of Natural Selection and Social Darwinism...

In 1859, a biologist named Charles Darwin postulated a scientific theory, which stated that all living organisms evolved through a process of natural selection. According to Stephen Hawking, Charles Darwin claimed that the offspring of a particular species gradually evolved themselves genetically to resist the changes in the environment (573). The theory contended that the organisms could adapt to the changes in the environment through the survival of the fittest. Though this theory is regarded as a breakthrough in the field of biological evolution, it is interesting to explore how this seemingly scientific theory has been suitably modified, and intellectually applied to both negative and positive aspects of life. In the†¦show more content†¦The idea of applying Darwin’s principle to promote caste and color discrimination within societies eventually came to be known as ‘Social Darwinism’. The high-ranked members of the society believed that, to maintain the prosperity of the society, the weak social groups should be oppressed to ensure their elimination in the future generations. According to Kramer’s film, The Monkey Trail, The unprivileged class deemed this sociological theory to be an obstacle to their progress, and complained that: †If nature decides the fittest amongst the human race, then, what right do the rich have to mistreat and oppress us?† In other words, the unprivileged class questioned the practice of ‘ethnic cleansing,’ if it is really a nature’s design. In response to the criticism of the ‘inferior’ class, supporters of Social Darwinism argued that just like organisms, societies have also evolved by natural selection, through which the fittest and the most brilliant members were the ones who were most successful in their societies. Using this idea as their line of reasoning, the upperclassmen contended that the most successful social classes were supposedly composed of people who were biologically superior. This inclined them towards killing and torturing the so-called ‘inferior’ race. Animesh, Ayon and Jacob argue, in their Internet article â€Å"Evolution and Elitism†, Social Darwinism was also used to supportShow MoreRelatedEssay about Darwin’s Theory of Natural Selection and Social Darwinism2627 Words   |  11 Pageswith even a moderate background in science has heard of Charles Darwin and his theory of evolution. Since the publishing of his book On the Origin of Species by Means of Natural Selection in 1859, Darwin’s ideas have been debated by everyone from scientists to theologians to ordinary lay-people. Today, though there is still severe opposition, evolution is regarded as fact by most of the scientific community and Darwin’s book remains one of the most influential ever written. Its influenceRead MoreDarwin’s Theory of Natural Selection and Social Darwinism Essay examples569 Words   |  3 Pagesbelieving that over time, organisms must adapt to suit their environment. He explained his theories thoroughly in his book, On the Origin of Species by Means of Natural Selection. Darwin decided it was possible for a species to change from one form and develop into another over time. This led him to the notion that all life forms were not fixed, but continuously changing or evolving. The other part of the theory was that living things weren’t the result of many separate creations, but of long, intertwiningRead MoreDarwin’s Theory of Natural Selection and Social Darwinism Essay811 Words   |  4 Pagespeople who have had the opportunity to study them in basic biology. However, Darwins theories of selection and survival of the fittest have been applied to moral, economic, political, and other cultural aspects of society. Dennett briefly touched on some of the political and social ramifications of Darwins theories in the final chapter of Darwins Dangerous Idea. Other philosophers and thinkers have also adapted Darwins evolutionary ideas, in order to apply them in a societal or cultural contextRead MoreCharles Darwin s Theory Of Evolution918 Words à ‚  |  4 PagesCharles Darwin’s Theory of Evolution is the most successful theory of it’s kind. Darwin’s idea of Natural Selection has found success not just in the organic world, but also in human society. This is no coincidence. After Darwin’s Beagle voyage, he returned to England during the Industrial Revolution. As a man of wealth, Darwin acted as a first-hand witness to the societal changes occurring around him. The Industrial Revolution, along with the corresponding economic theories played a large role inRead MoreCharles Robert Darwin and his Revolutionary Ideas1111 Words   |  5 Pages Charles Robert Darwin was born on February 12, 1809 in Shrewsbury, Shropshire, England. Charles was one of six children and came from a long line of scientists. His grandfather, Dr. Erasmus Darwin, created the theory of evolution and his father, Dr. Robert Waring Darwin, was a well known medical doctor in his community. When Charles was 16, in 1825, his father sen t him to Edinburgh University to study medicine, in hopes that Charles would also become a medical doctor. However, three years into hisRead MoreDarwin s Theory Of Evolution1339 Words   |  6 PagesCountless scientists spent their lives working on a succinct theory of evolution, but none found as great of popularity and success as Charles Darwin. Using his concept of Natural Selection, Darwin managed to explain evolution in not just the organic world, but also in humans. The fact that Darwin’s theory transfers so easily to human society is no coincidence. After Darwin’s Beagle voyage, he returned to England during the Industrial Revolution. As a man of wealth, Darwin acted as a first-hand witnessRead MoreCharles Darwin s Theory Of Evolution1577 Words   |  7 Pagesfields of studies in the nineteenth century. In 1831, Darwin embarked on a British government-sponsored voyage on the HMS Beagle to the coast of South America and several remote islands in the Pacific, wh ere he closely observed the landforms and natural species that were native to these parts of the world, which he had never encountered before. Upon confronting these previously unidentified species, he made numerous observations, took copious notes in his journals and collected meticulous samplesRead MoreEssay on Social Darwinism1197 Words   |  5 Pages   Ã‚  Ã‚  Ã‚  Ã‚  Darwin’s Theory of Natural Selection, a scientific theory that supported the belief of evolution, was manipulated and applied to different areas of life, and thus it became the shaping force in European thought in the last half of the nineteenth century. Darwin, through observation of organisms, determined that a system of natural selection controlled the evolution of species. He found that the organisms that were most fit and assimilated to the environment would survive. They would also reproduceRead MoreSocial Darwinism Is An Ideology Of Society1566 Words   |  7 PagesSocial Darwinism is an ideology of society that seeks to apply biological concepts of the laws of evolution by natural selection of evolutionary theory to sociology and politics, often with the assumption that conflict between groups in society leads to social progress as superior groups outcompete inferior ones. How we got to the point of coining the modern term of â€Å"Social Darwinis m† we would have to turn to the famous man himself, Charles Darwin. At first glance, Charles Darwin seems an unlikelyRead MoreSocial Darwinism And Its Effect On Society1069 Words   |  5 Pagescalled Social Darwinists. Social Darwinism is a competition between groups in society, usually resulting in the most fit, or most capable, coming out on top. Social Darwinists argue that the strong’s power and wealth should increase, whereas the weak’s should decrease. There are different views as to who these weak and strong groups are, but all Social Darwinists agree that the strong should be rewarded and the weak punished. The concept of Social Darwinism is based off of Charles Darwin’s theories Darwin’s Theory of Natural Selection and Social Darwinism... While he was on the voyage of the H.M.S. Beagle, a man named Charles Darwin viewed the relationship of plants and animals all over the world. He observed organisms on islands off the coast of South America and those on the mainland. His observations showed that these organisms were related, but not identical. This led Darwin into believing that over time, organisms must adapt to suit their environment. He explained his theories thoroughly in his book, On the Origin of Species by Means of Natural Selection. Darwin decided it was possible for a species to change from one form and develop into another over time. This led him to the notion that all life forms were not fixed, but continuously changing or evolving. The other part of the†¦show more content†¦Basically, they took Darwins theory of natural selection, which was intended to apply only to selection through genetic variability, and applied it to selection between human groups differentiated by culture alone. The concept, referred to as social Darwinism, embraced all efforts to apply Darwinian biology and evolution to human society. Through the years, social Darwinism became widely popular and was used to justify predatory capitalism, social classes, racial prejudices, and imperialism. One of the many social Darwinists was a man named William Graham Sumner. In his lectures and writings, Sumner became one of the leading proponents of laissez-faire economics and social Darwinism, opposing all government efforts to regulate business or to combat social inequality. In his book, That it is Not Wicked to Be Rich, Sumner spoke of social classes in the United States. He argued that social existence was a competitive struggle among individuals possessing different natural capacities and traits. Overall, those with better traits succeeded, becoming wealthy and powerful, while those lacking in inner discipline or intelligence sank into poverty. He felt that people who were poor we born to be that way, and they could do nothing about. Because of this, Sumner was against government assistance of any kind. As you can see,Show MoreRelatedDarwin’s Theory of Natural Selection and Social Darwinism Essay1179 Words   |  5 PagesCharles Darwin postulated a scientific theory, which stated that all living organisms evolved through a process of natural selection. According to Stephen Hawking, Charles Darwin claimed that the offspring of a particular species gradually evolved themselves genetically to resist the changes in the environment (573). The theory contended that the organisms could adapt to the changes in the environment through the survival of the fittest. Though this theory is regarded as a breakthrough in the fieldRead MoreEssay about Darwin’s Theory of Natural Selection and Social Darwinism2627 Words   |  11 Pageswith even a moderate background in science has heard of Charles Darwin and his theory of evolution. Since the publishing of his book On the Origin of Species by Means of Natural Selection in 1859, Darwin’s ideas have been debated by everyone from scientists to theologians to ordinary lay-people. Today, though there is still severe opposition, evolution is regarded as fact by most of the scientific community and Darwin’s book remains one of the most influential ever written. Its influenceRead MoreDarwin’s Theory of Natural Selection and Social Darwinism Essay811 Words   |  4 Pagespeople who have had the opportunity to study them in basic biology. However, Darwins theories of selection and survival of the fittest have been applied to moral, economic, political, and other cultural aspects of society. Dennett briefly touched on some of the political and social ramifications of Darwins theories in the final chapter of Darwins Dangerous Idea. Other philosophers and thinkers have also adapted Darwins evolutionary ideas, in order to apply them in a societal or cultural contextRead MoreCharles Darwin s Theory Of Evolution918 Words   |  4 PagesCharles Darwin’s Theory of Evolution is the most successful theory of it’s kind. Darwin’s idea of Natural Selection has found success not just in the organic world, but also in human society. This is no coincidence. After Darwin’s Beagle voyage, he returned to England d uring the Industrial Revolution. As a man of wealth, Darwin acted as a first-hand witness to the societal changes occurring around him. The Industrial Revolution, along with the corresponding economic theories played a large role inRead MoreCharles Robert Darwin and his Revolutionary Ideas1111 Words   |  5 Pages Charles Robert Darwin was born on February 12, 1809 in Shrewsbury, Shropshire, England. Charles was one of six children and came from a long line of scientists. His grandfather, Dr. Erasmus Darwin, created the theory of evolution and his father, Dr. Robert Waring Darwin, was a well known medical doctor in his community. When Charles was 16, in 1825, his father sent him to Edinburgh University to study medicine, in hopes that Charles would also become a medical doctor. However, three years into hisRead MoreDarwin s Theory Of Evolution1339 Words   |  6 PagesCountless scientists spent their lives working on a succinct theory of evolution, but none found as great of popu larity and success as Charles Darwin. Using his concept of Natural Selection, Darwin managed to explain evolution in not just the organic world, but also in humans. The fact that Darwin’s theory transfers so easily to human society is no coincidence. After Darwin’s Beagle voyage, he returned to England during the Industrial Revolution. As a man of wealth, Darwin acted as a first-hand witnessRead MoreCharles Darwin s Theory Of Evolution1577 Words   |  7 Pagesfields of studies in the nineteenth century. In 1831, Darwin embarked on a British government-sponsored voyage on the HMS Beagle to the coast of South America and several remote islands in the Pacific, where he closely observed the landforms and natural species that were native to these parts of the world, which he had never encountered before. Upon confronting these previously unidentified species, he made numerous observations, took copious notes in his journals and collected meticulous samplesRead MoreEssay on Social Darwinism1197 Words   |  5 Pages   Ã‚  Ã‚  Ã‚  Ã‚  Darwin’s Theory of Natural Selection, a scientific theory that supported the belief of evolution, was manipulated and applied to different areas of life, and thus it became the shaping force in European thought in the last half of the nineteenth century. Darwin, through observation of organisms, determined that a system of natural selection controlled the evolution of species. He found that the organisms that were most fit and assimilated to the environment would survive. They would also reproduceRead MoreSocial Darwinism Is An Ideology Of Society1566 Words   |  7 PagesSocial Darwinism is an ideology of society that seeks to apply biological concepts of the laws of evolution by natural selection of evolutionary theory to sociology and politics, often with the assumption that conflict between groups in society leads to social progress as superior groups outcompete inferior ones. How we got to the point of coining the modern term of â€Å"Social Darwinis m† we would have to turn to the famous man himself, Charles Darwin. At first glance, Charles Darwin seems an unlikelyRead MoreSocial Darwinism And Its Effect On Society1069 Words   |  5 Pagescalled Social Darwinists. Social Darwinism is a competition between groups in society, usually resulting in the most fit, or most capable, coming out on top. Social Darwinists argue that the strong’s power and wealth should increase, whereas the weak’s should decrease. There are different views as to who these weak and strong groups are, but all Social Darwinists agree that the strong should be rewarded and the weak punished. The concept of Social Darwinism is based off of Charles Darwin’s theories

Happy Nation Free Essays

Happy Nation What is happiness? When asked this question, many people would have many different answers. Some may refer to happiness as family, and others may declare money as one of their main reasons for happiness. Indeed, all people are different. We will write a custom essay sample on Happy Nation or any similar topic only for you Order Now However, happy people usually have one thing in common and it is where they live. So, what should a country have, or look like in order to deem itself the happiest? According to New York Times’ reporter Nicholas D. Kristof, Costa Rica is the current â€Å"winner† of the â€Å"World Database of Happiness. This small Central American country has accomplished monumental undertakings to deserve this enormous title. For instance, Costa Rica abolished its army, preserved nature, and made investments in education more profitable than investments in artillery. In fact, Costa Ricans can be proud of their country and fairly deem themselves the happiest nation; however, Americans, for example, can also deem their country as the happiest ones. Moreover, the United States has everything to be at the top of the list of â€Å"happy nations. A rich environment, high level education, enriched family and international relationships would be some of the reasons why American citizens ma y consider themselves to be the happiest nation in the world. First of all, the United States have a very rich environment to be happy with. The environment of the US consists of sparkling lakes and streams full of fish, making fishing a popular hobby of Americans sportsman. In addition, an abundance of cascading mountains and forests full of deer, wild boars, pheasants, birds and other animals make hunters and naturalists alike happy to be here. In fact, every year more and more people retreat to the mountains and campsites to hunt or vacation and enjoy these natural amenities. To name a few others, skiing, snowboarding and biking are sports that becoming more popular these days. In 2009 for example, according to the National Ski and Snowboarders Retailers Association, 5. 5 million people participated in the sport in 2009. The United States’ national parks encourage enthusiasts from its natives and tourists from all over the world. In addition, the US has many bodies of water, but the Pacific and Atlantic Oceans, on the East and West Coasts of the United States, offer many opportunities. In fact, Americans love sea food and having access to the two largest oceans makes eating fish daily a common occurrence. Moreover, having two oceans spanning two major coast lines provides picturesque sandy beaches for comfortable living and popular vacation spots. From California to Oregon, and Maine to Florida, these beaches and scenic spots draw many to live and vacation here. Besides the lakes, mountains and beaches, the United States has many more wonders of nature. For instance, the Grand Canyon in Arizona, Yellowstone National Park in Wyoming, the Arches National Park in Utah as well as Yosemite National Park in California all of which draw many visitors. Only Grand Canyon visited 4. 41 million tourists in 2008. In addition, Niagara Falls, sharing its border with Canada is also one of the most widely visited natural attractions among Americans. In other words, the United States has an incredible environment that can easily be deemed the best in the world. The second important reason why Americans can consider themselves a happy nation is education. American education is widely known as the best around of the world. In fact, most notable famous scientists, archaeologists and sportsman graduated from colleges and universities in the United States such as inventor Sicorsky, sportsmen Tiger Woods and a scientist Linus Pauling. Besides that, almost every person who had a chance to graduate from any of the United States’ universities countries became later successful in native country. Indeed, a diploma from an American educational institution is easily accepted in other countries; therefore, there are not difficulties with finding job . In addition, there is also another extraordinary reason that supports American education opportunities. It is financial aid. Very few counties provide financial aid to low-income students, and American citizens who are offered this opportunity should be very proud of it. Despite the current economic downfall, the United States continues to provide this opportunity allowing students to obtain an education in higher learning. For instance, in 2008 the United States Government provided nearly 91 billion in financial aid to 104 million students. Moreover, according to President Obama the financial aid budget will increase this year and more students will be able to finish their study. Furthermore, the American government creates special programs that allow students from foreign countries to come to the United States on student visas. Those programs are very popular among foreign students because they not only provide a decent opportunity to gain a valued experienc e, but also provide job opportunities after graduation. Briefly, high level education is one of the reasons that support America as a happy nation. Finally, enriched family and international relationships are also good reasons that support the American â€Å"Happy Nation† theory. In fact, family, for almost every American citizen, is the biggest treasure in the world. There is no other place in the world where people send so many greeting cards to loved ones as they do here in the United States. For example, in the Ukraine cards are sent for happy events such as, birthdays, weddings or holidays, however it would be interpreted as a personal offense to receive a sympathy card when someone dies. It is even impossible to find such kind cards in the Ukraine because they simply are not for sale! Therefore, Americans have to be proud of having such a nicely-shared tradition. Another practiced tradition that may deem as â€Å"American only† is the Thanksgiving holiday. In fact, this favorite United States’ holiday is unfamiliar to other countries. Indeed, there is no other place in the world where people, once a year – no matter what, spend many hours flying or driving to spend this holiday with their loved ones enjoying family traditions. Besides the family relationships, Americans have excellent international relationships. Around the world the United States is known as a strong, wealthy and successful county. Moreover, during international conflicts the United States’ opinion often plays an important role in the negotiating process. In fact, in 2002 the United States of America solved Arab-Israeli Conflict between Palestine and Israel. Indeed, America is looked upon for its strength. Besides good negotiation skills America is known as a very welcomed and peaceful country. Throughout time thousands of people from hundreds of countries, despite their race or religion, settled and made their homes in the United States. In other words, a country where discrimination does not exist and holiday traditions are practiced from generation to generation can easily be deemed a joyful place in the world. The United States has everything it needs to consider it a happy country. People from around of the world who visited the US at least once noticed how glorious the United States is. Moreover, the relationships that the American Government built over time with other countries may also be one of the reasons why American citizens are proud of their country. In addition, the high level of education that is world renowned may also make citizens feel happy. In other words, a happy nation is comprised of hard-working satisfied people who enjoy their environment, families and homes, who take pride and are patriotic, and who support educational opportunities provided by a government respected by other nations – that country is the United States of America. How to cite Happy Nation, Essay examples

Islamic Finance Globalised World

Question: Discuss about theIslamic Financefor Globalised World. Answer: Introduction: Islamic finance has evolved as one of the most important methods of financing in the globalised world. Many countries have carefully studied its viability and characteristics and have permitted the Sharia law to flourish in view of its effectiveness in addressing certain ills of the society. In light of its potential, some countries have streamlined their financial system by integrating the Islamic financial system with it. The outline of this summary is to incorporate the objectives, analyze the approach and delving into the aspects of methodology used in the study. Since this style of finance is growing at a rate of 11% annually, the present value of assets is estimated to be around US$2 trillion, which covers bank and non-banking financial institutions, insurance and capital markets (Abdul-Gafoor 1999). Though the functioning of Islamic finance is mainly concentrated in Middle Eastern countries, few institutions have established themselves in developed countries like United States and European Union. Islamic finance is mainly defined as a service related to the discharge of financial obligations by following the tenets of Sharia. The objective of the same is to find out the sources of the Sharia and how it shapes and affects the financial jurisprudence with regard to economic, social, cultural and political factors (Abdul-Gafoor, 2003). Apart from this, the principles of the law have also been dwelt upon. The primary sources of this law are Quran, Hadith, Sunna, Ijma, Qiyas and Ijtihad. Quran is considered as the holy book of Islam, which was given to Prophet Muhammad. Hadith is the narrative part of Prophet,which includes the deeds and learning of the Prophet; Sunna connotes the habitual deeds of the Prophet; Ijma pertains to the consensus of different religious scholars unrelated to the tenets of Quran and Sunna. Qiyas is the analogical deduction for rendering an opinion on a given case which is not related to Quran and Sunna and comparing the same with another case mentioned in the Quran or Sunna (Abdul-Gafoor 2006). The development of Islamic law dates back to the time of Prophet Muhammad in the seventh century A.D when he was believed to have received divine revelation from Allah (God of Islam). During the Prophets lifetime, several tenets of Islamic finance were derived from his viewpoints like silent partnership and full partnership. It was he, who allowed and encouraged the prospect of giving interest free loans on the grounds of benevolence and compassion (Ahmed 2004). After his death, a rapid expansion was witnessed specially in the Middle Eastern regions, which expanded its scope to Asia, Africa, Europe and also to parts of Central Asia. From the beginning of the nineteenth century, Western powers gradually started casting its shadow and Islamic countries also fell into the ambit of its rules and methods of functioning. By the middle of the twentieth century, almost all Islamic nations were functioning under the principles and laws of western capitalist powers (Akacem and Gilliam 2002). In the later part of this century, Islamic countries felt the need to bring back the concept of Islamic finance and they started incorporating banks and other financial institutions based on the facets of sharia law. In the 1970s, some Islamic banks were established like Dubai Islamic Bank and Nasser Social Bank. Principles of Islamic Finance: The law is controlled by Sharia, which encompasses the legal structure of Islam, supported by the teachings of Quran and Sunna. The basic principles governing Islamic finance are prohibition of Riba (too much interest), prohibition of Gharar, which does away with respect to disclosure of information in a contract. Restriction with regard to gambling and dealing in sinful activities and staying away from alcohol consumption are also critical factors governing the principles (Alam 2000). In addition to this, risk sharing should be honored between issuer o funds and the recipient. There should be material evidence pertaining to every financial transaction. A financial transaction must not result in exploiting any of the parties involved. Riba: This pertains to the concept of charging interest on a loan given by a lender to a borrower. This principle calls upon debtors to fulfill the commitment of meeting any excess amount over and above the principle amount (Al-Dhareer 1997). One should not be at default after taking a loan. This understanding varies from one religion to another in the context, that a particular religion forbids their faithful to charge interest from their own faith but not from others. The basic premise of this concept is that it is unethical on the part of Islam to charge any extra money as the same should be properly accounted for by virtue of investing it in productive use (Al-Jarhi and Iqbal 2001). Prohibition of Gharar: Gharar is prohibited in Islam as the same involves a high degree of uncertainty with respect to the probability in the rate or amount of return on a particular investment. The purpose of this policy is to equally allocate the benefits between the lender of the instrument and the receiver of the instrument so as to ward off any uncertainties in the future (Al-Masri 2003). Prohibition of Maysir: Maysir pertains to the practice of indulging into illegal activities like gambling and other sorts of games like lotteries, casino as per the Islamic traditional value and ethics. All these sorts of activities are considered unethical and immoral in the eyes of Sharia law and therefore banned in most of the Islam ruled nations. In order to achieve success in life, this principle has to be adhered to in full faith (Al-Saati 2003). According to various proponents of the law, there exists a high risk factor in these types of transactions; so the issue of bankruptcy might come into the picture which would be totally uncalled for. Restriction of Dealing in Forbidden Items: Sharia law forbids its faithful citizens from indulging in transacting certain activities, which does not hold ethical value in its eyes. According to its established doctrine, drugs, alcohol and consuming pork are prohibited and people should invest only in fruitful ventures or legitimate instruments which benefit the society as a whole (Anwar 1995). Profit/loss Sharing: The purpose of enacting this law is to broaden the ambit of profit sharing amongst all the stakeholders in an equal fashion and also the loss factor when the same arises due to unfavorable business outcomes. The main thrust point of this principle is that nobody should enjoy the benefits at the cost of others sufferings (Archer and Rifaat 2002). Every stakeholder should bear the equal responsibility of any loss and also garner its share of success when the business generates a profit, no matter how small or big it may be. Contributing for Zakah: It is considered as one of the bedrocks of Islamic finance, whose idea is to collect a certain percentage of wealth from the wealthy individuals and distribute them amongst the poor. It is collected in the form of a tax from the richer sections of the society and channelizes the fund for the betterment of the weaker sections of the society. In spite of the universal truth that all are equal in the eyes of God, there exist tremendous disparities between the rich and the poor with regard to income distribution (Billah 2001). Therefore it can be inferred that Islam makes it mandatory to some extent for the rich to contribute a certain proportion of their wealth towards the welfare of the society, which in turn would help in eradicating poverty in a nation (Billah 2001). Takaful: Since commercial insurance is one of the most widespread industries with regard to Islamic finance, there exists an argument based on Gharar concept, which is forbidden by the law as it exploits those who do not reap any benefits. In order to bypass this crucial phenomenon, Takaful has been incorporated which is a mutually beneficial scheme (Choudhry and Mirakhor 1997). The purpose and method of sustaining the scheme is to pool the requisite amount of resources and invest in meaningful instruments, which would yield profit in the future. Comments on Methodology: Since there are different parameters based on which each mode of Islamic finance theories are applicable, it reflects a wide variety of its functional aspects and presents a good future scope for improvement not only for Islamic banking but for non-Islamic banking as well. It is mainly focused on the development and upliftment of the marginalized sections of the society, which helps in alleviating poverty and discrimination. Keeping in mind the fact that, Islamic finance prohibits certain practices like alcohol, gambling and any activity which is considered immoral, the structure and functioning of the Islamic method of finance is quite different from other styles of banking and finance, like the western methodology. Conclusion: Bases on the findings and analysis of the above, it can be inferred that, the conduct and functioning of Islamic finance is based on the tenets of Sharia law, whose sources are Quran, Hadith, Sunna, Ijma, Qiyas and Ijtihad. The main principles of Islamic banking are prohibition of Riba and Gharar, which puts emphasis on inclusiveness and abstinence from indulging into immoral and unethical activities in the society. Full disclosure of pertinent information and contribution towards the benefit of the weaker sections of the society are main thrust areas of its principles. The objective of Islamic finance is equal sharing of benefits and losses by both the investor and the entrepreneur and all other stakeholders who are involved in capital infusion. It discourages sinful acts related to gambling, betting and alcohol indulgence as it presumes the same would be harmful for the society and that every legal transaction should be supported by physical evidence in warding off any future conti ngencies. References: Abdul-Gafoor, A. (1999). Islamic Banking and Finance: Another Approach. Islamic Hinterland Conference onAbdul-Gafoor, A. (2003). Islamic Banking. A.S. Noor Deen, Kuala Lumpur. Abdul-Gafoor, A. (2006). Mudaraba-Based Investment and Finance. Journal of Islamic Banking and FinanceAccounting and Auditing Organization for Islamic Financial Institutions (2007) Available at Ahmed, H. (2004). Role of Zakah and Awqaf in Poverty Alleviation. Occasional Paper No. 8, Islamic Research Akacem, M. and Gilliam, L. (2002). Principles of Islamic Banking: Dept Versus Equity Financing. Middle East Alam, M. (2000). Islamic Banking in Bangladesh: A Case Study of Ibbl. International Journal of Islamic Al-Dhareer, S. (1997). Al-Gharar in Contracts and Its Effects on Contemporary Transactions. Eminent Scholars' Al-Jarhi, M and Iqbal M. (2001). Islamic Banking: Answers to Some Frequently Asked Questions. Occasional Al-Masri, R. (2003). Market Price of Salam on the Date of Delivery: Is It Permissible. Islamic Economics 16(2): Al-Saati, A. (2003). The Permissible Gharar (Risk) in Classical Islamic Jurisprudence. Islamic Economics 16(2): and Training Institute, Islamic Development Bank, Jeddah. Available at https://www.irtipms.org/PubAllE.asp Anwar, A. (1995). Riba and Common Interest. Shafiq Press, Karachi. Archer, S. and Rifaat, A.K. (2002). Islamic Finance: Growth and Innovation, London: Euromoney Books. Billah, M. (2001a). Sources of Law Affecting Takaful (Islamic Insurance). International Journal of Islamic Billah, M. (2001b). Takaful (Islamic Insurance) Premium: A Suggested Regulatory Framework. InternationalChoudhry, N. and A. Mirakhor (1997). Indirect Instruments of Monetary Control in an Islamic Financial System, Critical Debates among Canadian Muslims, Toronto, Canada. Financial Services 2(4): 24-29. Islamic Economic Studies, 4(2): 2766. Journal of Islamic Financial Services 3(1), -. Lecture Series No.16, Islamic Research and Training Institute, Islamic Development Bank, Jeddah. Available Paper No.4, Islamic Research and Training Institute, Islamic Development Bank, Jeddah. Available atPolicy 9(1): 124-138.Accessed October 2006. https://www.irtipms.org/PubAllE.asp. Accessed October 2006.at https://www.irtipms.org/PubAllE.asp. Accessed November 2006. https://www.aaoifi.com/. Accessed May 2007.3-19. Financial Services 1(4): 10-29.