BASIS OF INCOME RECOGNITION FROM ISLAMIC PERSPECTIVE Yosita Nur Wirdayanti ABSTRACT This paper addresses the issue of basis of income recognition from Islamic perspective. In Islamic banks‚ income recognition is very important since it will determine amount of profit that will be distributed to depositors. Begin with accounting principles from Islamic perspective‚ this paper discusses the concept of accrual and cash basis and scholar opinion about this basis of accounting. Both accrual and cash
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----------------------- A PRIMA - FACIE CASE FOR ISLAMIC ACCOUNTING • Purpose Accounting : To permit informed decision which will enable scare resources to be allocated efficient to achieved ‘social welfare’. |Islamic |Conversational | |To achieve socio – |To meet needs of | |economic & religions|‘capitalist’ | |objective of Islamic|economy. | |Institution & | | |Muslims Users. | | |Provide holistic
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Defining Islamic Law Islamic law is the collection of rulings and legally binding rules related to the regulation of individual behavior in society. It is a legal system with a broad range of directives‚ covering the specifics of various affairs‚ yet broad enough to be flexible and non–rigid due to its capacity for renewability and adaptability. The History of Islamic Law Role #1: This was the role of education and dealing with legal life issues in Arab society during the mission of the Prophet;
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Muslims believe the Qur’an to be the direct words of Allah‚ as revealed to and transmitted by the prophet (S.A.W). All sources of Islamic law must be essential agreement with the Quran‚ the most fundamental source of Islamic knowledge. When the Qur’an itself does not speak directly or in detail about certain subject‚ Muslims only then turn to alternative sources of Islamic law like ; the Sunnah‚ Ijma and Qiyas used by Muslims legal experts. Purpose of the Qur’an: "Had we sent down this Qur’an on a
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Mary Flannery O ’connor wrote two short stories entitled "Good Country People" and "Revelation". O ’conner displays similarities between the characters and the differences in the role they play at the end of their stories. Inside the two short stories are four characters‚ Joy and Manly Pointer from "Good country people" and Mary Grace and Mrs. Turpin from "Revelation". Consider the similarities between Joy and Mary Grace‚ the nineteen-year-old teenager with sever acne problems. O ’conner describes
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Compare and Contrast 3 poems from AQA GCSE Anthology‚ Moon on the Tides. In this piece of writing I will be comparing and contrasting 3 poems. Which are ‘Praise Song for my mother’‚ ‘Harmonium’ and ‘Nettles. The title of each poem describes exactly what it is and what is about. ‘Praise Song for my Mother’ is not actually a poem‚ it is a praise son. Which in Guyana (where Grace Nichols was born) it is something written after a person close to them has dies. It is written to commemorate and rejoice
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tiles on a stone paste body that was later set into mortar”. Madrasa Imami is a school‚ in which this piece in was created 1354‚ later it was sold to Arthur U. Pope in 1931. When arriving at the museum I noticed that the items on display in the Islamic Art section were very utilitarian in nature. They were well-crafted beautifully designed tools. Arabic inscription a common theme through out all of the objects. Seeing the art up close is definitely a more satisfying experience‚ your relation to
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I ISLAMIC STUDIES ASSGIGNMENT Submitted BY:- Hassan Munir 110468 M.Suleman Hamza Anwar M.Hamza Mughal TOPIC:- Marriage in the light of QURAN and SUNAH Table of Content:- * Spouses * Whom to Marry * Mahr * Nikkah * Walima SPOUSES:- In Islam it is clear that marriage is the optimum lifestyle. “And among His signs is this‚ that He created for you wives from among yourselves‚ that you may find repose in them‚ and He has put between you affection and mercy. Verily
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and Transoxania is a case in point. It was a very tedious Islamic takeover that gradually won over the acceptance of the inhabitants in Persia at the time. However‚ this process of assimilation was not new in the area as many Iranians had previous traditions to which they had adapted during pre-Islamic times of the Achaemenids‚ Parthians and Sassanians. These two customs‚ then‚ were merged together to form what we now call the Iranian Islamic identity. This merger transformed much of the cultural
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Islamic Culture Islamic Culture refers to the customs and traditions that Muslims have adopted in their respective countries including the Islamic / Muslim Clothing they wear‚ foods they eat‚ wedding traditions and other such aspects of their Islamic Life. The cornerstone of Islamic culture is morality (hayaa)and simplicity. Hayaa (morality / modesty) and simplicity are both qualities of Imaan. Thus the true Islamic society upholds the highest levels of morality and maintains simplicity in every
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