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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Follows 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
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gold. However‚ gold was not the only resource traded in Africa. The trans-Saharan trade routes were a vast trade network that reached across the continent‚ on which diverse goods and resources were traded‚ and knowledge‚ ideas‚ and religion spread in a phenomenon known as cultural diffusion. Cultural diffusion that occurred along the trans-Saharan trade routes shaped the development of culture in medieval Africa. The trans-Saharan trade routes provided African people access to goods and resources that
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ABDULAZIZ UNIVERSITY Islamic Economics Research Centre ISLAMIC FINANCIAL INSTITUTIONS OF INDIA PROGRESS‚ PROBLEMS AND PROSPECTS Mohammad Ghous Ikhtiyaruddin Bagsiraj Scientific Publishing Centre King Abdulaziz University Jeddah‚ Saudi Arabia ISLAMIC FINANCIAL INSTITUTIONS OF INDIA PROGRESS‚ PROBLEMS AND PROSPECTS Mohammad Ghous Ikhtiyaruddin Bagsiraj Scientific Publishing Centre King Abdulaziz University P.O. Box 1540‚ Jeddah 21441 Saudi Arabia FOREWORD The Islamic financial services
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Islamic Accounting Methodology Compiled By Dr. Hussien Shehata Prof. of Accounting Al-Azhar University In The Name Of ALLAH The Most Beneficien The Most Merciful Read : In name of the LORD‚ who created‚ Created man from a clot‚ Read‚ and they LORD is Most Bountiful‚ Who teaches by
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Chapter 1 Introduction 1.1 Background Islamic legal principles regulate the conduct and content of commercial transactions in Islamic Banking. The most important of these principles is the prohibition of riba‚ any predetermined or fixed return in financial transactions. As stated in Quran: “Allah forbids riba and permits trade.” While there is much debate about the exact nature of this prohibition on riba‚ there exists a widespread perception that the ban on riba implies ban on interest
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Research Report of Money and Banking Issues and Problems in Islamic Banking Abstract:- Three decades have passed since the first Islamic bank began its operations in MitGhamr‚ Egypt‚ and more than a decade has passed since the Islamic Republics ofIran and Pakistan adopted a non-interest-based financial system. Profit Loss Sharing (PLS) dominates the theoretical literature on Islamic finance. Broadly‚ PLS is a contractual arrangement between two or more transacting parties‚ which allows
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The Trans-Saharan and the Indian Ocean trade are two of the most important trade routes during the Post Classical Era (600CE- 1450CE) especially during the rise of African civilization and the Middle Ages. Both of these trade routes spread wealth‚ were Arab controlled‚ and a significant aspect for the dissemination of Islam; however‚ the differences in geography and resources traded set them apart from each other. Although they have very different geography‚ the Trans- Saharan and Indian Ocean
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Islamic civilization which known as golden ages has a lot of contribution in mordent civilization. Islam is a religion which belief in one god Allah also encourages to gain knowledge from the creation of Allah. The last messenger of Islam Muhammad (May peace be upon him) advice his follower to seek knowledge. Islamic scientist and scholar had contributed a lots in mordent science starting from the medical science ‚ mathematics ‚ architecture ‚ philosophy geography etc. from the two documentary
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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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