Development of Accounting Theory Based on Islamic Principles and Accounting Standards Setting Mechanism Shaukat Amer Assistant Professor COMSAT Institute of Information Technology Attock Pakistan Shaukat_amer@comsats.edu.pk Abstract The purpose of this paper to explore the possibility to look for a new accounting theory and accounting standards setting mechanism under some of Islamic principles.The paper has discussed basic Islamic principles of “Amanah” (Custody)‚ “Shahadat” (Testimony)
Premium Hadith Muhammad Qur'an
Imagine living in a desert where it’s over 100 degrees Fahrenheit every day‚ having the only water for 100 miles‚ and waking up to a puddle of sweat everyday too. This is the reality of Stanley Yelnats. He wakes up every morning to a flat‚ dry wasteland‚ and there are three ways that show Stanley is living in a wasteland. To begin‚ Stanley’s physical environment is not a positive place to be in. It is dry and hot at Camp Green Lake. Because of this‚ resources and population are very scarce in
Premium Animal testing Human Animal rights
Kelsey Pendleton 8 Nov 2010 Option 2 – Islamic Art In traditional Islamic architecture the Gibla was the wall facing in the direction of the Mecca‚ and contained a Maqsura‚ the place where the emir or caliph would pray. The Mihrab was usually a concave niche in the Gibla‚ indicating it as the Mecca-oriented wall of the mosque. However‚ the word Mihrab has been used to refer to a variety of architectural elements that vary in size‚ shape‚ and elaboration. This meaning of the word make the true
Premium Islamic architecture Mosque Mihrab
Concept of Education in Islam and Its Objectives The Arabic language has three terms for education‚ representing the various dimensions of the educational process as perceived by Islam. The most widely used word for education in a formal sense is ta’līm‚ from the root ’alima (to know‚ to be aware‚ to perceive‚ to learn)‚ which is used to denote knowledge being sought or imparted through instruction and teaching. Tarbiyah‚ from the root raba (to increase‚ to grow‚ to rear)‚ implies a state of spiritual
Free Qur'an Muhammad Islam
limited‚ if any‚ consideration of ecological processes (e.g.‚ hydrological process) Targets only specific resources of interest; typically those of commercial value Conflicting management policies Comparision Islamic management and conventional management 1.2 CONVENTIONAL AND ISLAMIC UNIT TRUSTS 1.2.1 CONVENTIONAL UNIT TRUSTS Based on the Guidelines on Unit Trust Funds issued by the Securities Commission in October 1991‚ a unit trust fund company can only invest in authorized Malaysian assets
Premium Investment Mutual fund Collective investment scheme
DERIVATIVES IN ISLAMIC FINANCE ANDREAS A. JOBST (forthcoming in Islamic Economic Studies‚ Vol. 15‚ No. 1) Paper presented at the International Conference on Islamic Capital Markets held in Jakarta‚ Indonesia during August 27-29‚ 2007 jointly organized by Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IDB)‚ Jeddah‚ Saudi Arabia‚ and Muamalat Institute‚ Jakarta‚ Indonesia. DERIVATIVES IN ISLAMIC FINANCE ANDREAS A. JOBST# ABSTRACT Despite their importance for
Premium Investment Islamic banking Interest
Art‚ in its simplest definition‚ is the creation of images or objects. Islamic art has throughout history been mainly abstract and floral‚ portraying geometric shapes or Arabesque and calligraphic designs because of the strict injunctions against the depiction of living things. Islamic Art as a whole is comprised of visual arts produced 7th century onwards. This term not only describes art made in the service of Islam or by Muslim artists‚ but also secular art originating from those lands which
Premium Islam Ottoman Empire Iraq
(a)(i) Describe Hindu belief in respect for all living creatures. Hindu’s belief in respecting all living creatures is due to many reasons‚ including the presence of Brahman‚ the close connection between humans and animals and the most basic principles of satya and ahimsa. Firstly‚ Hindus believe that God created the whole universe and that all creation whether it be oceans‚ mountains‚ human beings‚ animals or plants it is all part of the Universal Spirit (Brahman) and therefore deserves respect
Premium Bhagavad Gita Life Brahman
doubt to belief. The Islamic faith: They believe the firm pillars of faith and the fundamentals of Islam and its basic elements and all that proved God and His Messenger Mohammad- peace be upon him - is the heart and scientific and anecdotal‚ as well as platforms for life‚ even including by dealing with others‚ and this is an important point; Because many of those having faith is neglected or perhaps amazed that belief is the result of the apparent deal. Sources of Islamic faith: The sources of
Free Islam God Religion
that provide a more or less coherent‚ though not necessarily accurate‚ way of thinking about the world. A worldview is a profile of the way the people within a specified culture live‚ act ‚think ‚work and relate. It is a“map”or culture’s social‚ religious‚ economic and political views and relationships. What a worldview does A worldview encapsulates answers regarding broad questions of life understanding."These questions are lifetime concerns and sources of anxiety. They involve fundamental
Free Religion Morality Culture