The Principles of Islamic Accounting Definition and discussion of some accounting principles and how they are fit into Islamic framework to furnish an accounting system and procedures for Islamic Financial institutions will be considered here. The plan to study accounting principles From an Islamic perspective is to review these principles from the viewpoint of the Major Islamic principles which govern financial dealings and contracts‚ as mentioned In the Qur ’an. These are: 1- Realization
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Impact of Western Consumerism on Islamic States and Pacific Rim Nations The impact of western consumerism on the Islamic states and Pacific Rim nations brought about varying results. Religious disruptions‚ cultural and social differences‚ and economic patterns were affected by consumerism. In the Islamic states‚ Islam was challenged by Christian missionaries; populations either rose or plummeted according to new diets; and trade flourished or completely stopped in various states. Though completely
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By: Asif Bhat International Islamic University Malaysia Islamic Worldview Introduction The term worldview has a long and interesting history. As a matter of fact‚ no one survives without a worldview‚ whether he/she is aware of it or not. One’s worldview‚ whether religious‚ philosophical‚ scientific‚ atheistic‚ or otherwise‚ is a core contour of his/her life and existence. Notwithstanding the several definitions and
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points with examples drawn from USA-Africa relations. Nations and people interact across boundaries for many reasons but the primary purpose may be for the exchange of trading goods‚ ideas‚ or services. Complexities arise among interactions when cultural differences and stereotypical assumptions are present. This presents the issue of power differentials especially in the case of African history. Since the Transatlantic Slave Trade‚ America interacted with West Africa through powerful empires and merchants
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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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Islamic green revolution was a substantial transformation in the agriculture between the mid-8th-mid-13th century which was known as the Islamic Golden Age. This article discusses the major four keys behind success of the Islamic Agricultural Revolution. These were: 1. Islamic rules on land ownership and labour rights. 2. Irrigation methods. 3. Improved farming techniques and a scientific approach to farming. 4. Introduction of new crops. Islamic Rules On Land Ownership And Labour Rights. During
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THE IMPACT OF US COTTON SUBSIDIES ON WEST AFRICAN COUNTRIES American subsidies are endangering the agriculture of cotton in most of West Africa and other developing countries. In encouraging productions surplus and exportations dumping‚ those subsidies are decreasing the world price‚ which is at its lowest level since the great depression (Devarakonda). In the mean time‚ cotton producers in America are seeing a tremendous increase in their production surplus‚ due to the subsidies they
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Journal of Banking & Finance 37 (2013) 433–447 Contents lists available at SciVerse ScienceDirect Journal of Banking & Finance journal homepage: www.elsevier.com/locate/jbf Islamic vs. conventional banking: Business model‚ efficiency and stability Thorsten Beck a‚⇑‚ Asli Demirgüç-Kunt b‚ Ouarda Merrouche c a CentER‚ Department of Economics‚ Tilburg University and CEPR‚ The Netherlands World Bank‚ Development Research Group‚ United States c European Securities and Markets Authority
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The Change of Women’s Lives HIS 103 World Civilizations I (AFF1238A) Instructor: Steven Brownson October 15‚ 2012 Women’s lives‚ roles‚ and statuses changed over various early world history eras and culture areas in many ways. Ancient Persia‚ Paleolithic‚ Athens‚ Mesopotamian and Roman eras were all different in very unique ways. The Paleolithic era treated women fairly and were treated equally. During the Neolithic era women were not treated fairly. She was the daughter of her father or the
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Introduction Islamic finance has come a far since its active re-introduction about 25 years ago. Presently‚ it is estimated that Islamic banks and financial institutions manage some US$200 billion of funds all over the world. Although small in terms of the total global assets managed by financial intermediaries‚ the growth rate is impressive by any standards. Based on the article review which is “Globalization of Islamic Finance: Myth or Reality?’” it had discussed on the question of whether the
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