BWFS3023 Islamic Accounting 2nd Semester 2012/2013 Short Essay Assignment Instruction Please answer all the questions below. The assignment should not less than 3 pages and not exceed 10 pages including references. Question 1 The differences between Islamic accounting and conventional can be seen in the context of the basis differentiation which is: (1) objective of providing information‚ (2) the type of the information that is identified‚ how it is measured‚ recorded and communicated
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3. Define the term civilization. Discuss and evaluate the different approaches of your textbook and the lectures to this issue. Support your discussion with specific examples from the early histories of Mesopotamia‚ Egypt‚ and China. • Civilization: Civilization is the state of condition of persons living and functioning
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ISLAMIC FINANCE MID-TERM Usama Bin Asif ISLAMIC FINANCE MID-TERM By Jebran khan 1. Economical system 2. 4 Problems of economical system 3. Principles of Socialism a. Errors in Socialism 4. Principles of Capitalism a. Errors in Capitalism 5. Islamic instructions regarding economics 6. Initiative person and secondary person 7. Profit motive a. Restrictions from Gods side b. Governmental restrictions b.i. Condition of governmental
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Islamic Art and Architecture; Influence and Effects Introduction During the reign of the Ottomans‚ Safavids‚ and Mughal rulers‚ architecture and art took on more meaning than it had in the past. The types of architecture and manuscript writing have had both symbolic significance and influence on the people of these empires. The architecture can be said to have had the greatest impact on the presence of power and devotion to Islamic arts of all of the empires‚ while manuscripts were held privately
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Civilization is destroyed when Piggy’s specs are stolen‚ and when Jack splits away from Ralph and begins to lead a new tribe. It is Jack’s fear that makes him do this. He is afraid of Ralph being more powerful than him‚ and he doesn’t like to be reprimanded by the younger boy. To feel more powerful than Ralph‚ Jack defies him and leaves during a meeting‚ taking his new tribe with him. Golding also demonstrates the crumbling of civilization through symbols like Piggy’s glasses‚ the conch and the war
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The Formation of Islamic Law In pre-Islamic time law lacked a formal structure as there was no set of laws that united the Arabic world. Towns‚ cities and rural areas all held different laws that were based on tribal tradition. With the revelations of the Prophet‚ a new religion was born: Islam. The Prophet began to introduce the word of Allah to the people and with that came basic laws that provided an introduction to law. The formation of Islamic law was based on three things‚ the Qur’an‚ the
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INTRODUCTION TO ISLAMIC BANKING The term Islamic banking refers to a banking activity or a system of banking that is in consonance with the basic principles of Islamic Shariah (rules and values set by Islam). Islamic banking is also known as interest free banking system as the Shariah disallows the acceptance of “Riba” or interest rate for the accepting and lending of money. In Islamic banking system‚ a business that offers good interest rates or services is strictly prohibited and it
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[pic] ISLAMIC BANKING: IS IT REALLY “ISLAMIC”? By: Omar Mustafa Ansari & Faizan Ahmed Memon Is it really Islamic? …. In this era of development and growth in Islamic finance and banking‚ this is a question being raised at every forum by various quarters. All those who raise this question‚ are undoubtedly well-wishers of Islam‚ Islamic economic system and Muslim Ummah. Accordingly‚ while we celebrate the achievements of Islamic banking on one hand‚ we should not
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Islamic Banking in Pakistan 1 ISLAMIC BANKING IN PAKISTAN Islamic Banking in Pakistan: A Review of Conventional and Islamic Banking Prof. Dr. Khawaja Amjad Saeed Hailey College of Banking and Finance University of the Punjab‚ Lahore Proceedings of 2nd International Conference on Business Management (ISBN: 978-969-9368-06-6) Islamic Banking in Pakistan 2 Terminology IBIs ND NIB NPFs P PP PTC ROA ROE SBP SME TFC Islamic Banking Institutions. No Date Non – Interest Based Banking
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References: Annual reports of the Standard Chartered PLC for years ended 31st December 2006‚2007 and 2008 Annual reports of the Islamic Bank of Britain for years ended 31st December 2006‚2007 and 2008 http://www.imf.org/external/pubs/ft/survey/so/2010/res100410a.htm
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