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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ASSIGNMENT OF ISLAMIC ECONOMICS TOPIC ECONOMIC IMPLEMENTATION OF REDISTRIBUTIVE MEASURES OF ISLAMIC SOCIETY WITH REFERENCE TO PAKISTAN REDISTRIBUTION OF WEALTH Redistribution of wealth is
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Women in Islam Islamic Project ISL-100 Presented to: Presented by: Introduction Islam‚ as a religion‚ attaches great value and respect to women. The study of women in Islam reveals that there has been more than one occasion in the history of Islam where women have been given respect and the Muslim believers have been advised to respect women. It must be realized that Islam emerged from the time when there was widespread illiteracy and negligence in the case of women throughout. The birth
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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)
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Islamic Fashion Objective Objective Islamic Fashion is actually covers wider scope. Each continent have different perspective on Islamic Fashion - culture influence Fashion always reflects women Muslimah Fashion Introduction v It is important to distinguish between what Muslims wear and what has come to be defined in the literature and the market place as "Islamic fashion." v What counts as Islamic or not is a matter of considerable debate amongst Muslims. v Whilst many consider
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Vivek S. Kanojiya (78) 1 INTRODUCTION TO ISLAMIC BANKING Islamic Banking refers to a system of banking or banking activity that is consistent with the principles of Islamic law (Shariah) .Shariah prohibits Riba. . i.e. interest free business. It is based on the Islamic economic system. It is not restricted to Muslims only. 2 EVOLUTION OF ISLAMIC BANKING Islamic banks are seen to involve themselves as financial intermediaries and investment oriented institutions in bringing
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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
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Judeo-Christian line adhering to the same prophets • Two major branches with several sub-sects each • • • • Islamic Populations • With 1.6 Billion people‚ Islam is the worlds 2nd largest religion • Sizeable minorities in almost every country around the world History of Islam • Islam founded by Prophet Muhammad in 610 C.E. • Rapid growth through the Umayyad Caliphate 750 C.E. Islamic Schism With Muhammad’s death in 632 C.E. a dispute between his followers occurred. Most followed his Father
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Over the course of history‚ there have been many religious conflicts and wars‚ specifically the era of Islamic Spain (711-1492). Islamic Spain was a multi-cultural mix between the three great religions at that time‚ which consisted of Muslims‚ Christians‚ and Jews. For over 700 years‚ the era in which Islamic rulers governed was broken into five different successions which consisted of the Dependant Emirate (711-756)‚ the Independent Emirate (756-929)‚ the Caliphate (929-1031)‚ the Almoravid Era
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these characteristics come together. The Islamic discourse is therefore the most genuine and truthful expression and translations of the characteristics of the Islamic society‚ and the civilizational identity of the Islamic world. A discourse cannot be Islamic unless it reflected the Islamic Ummah’s identity‚ defended its interests upheld its causes and mirrored its thought. The discourse must be genuine‚ truthful‚ honest‚ serving first and foremost the Islamic interests‚ moderate‚ fair‚ equitable
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