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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Defining Islamic Law Islamic law is the collection of rulings and legally binding rules related to the regulation of individual behavior in society. It is a legal system with a broad range of directives‚ covering the specifics of various affairs‚ yet broad enough to be flexible and non–rigid due to its capacity for renewability and adaptability. The History of Islamic Law Role #1: This was the role of education and dealing with legal life issues in Arab society during the mission of the Prophet;
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8th International Conference on Islamic Economics and Finance Islamic Corporate Social Responsibility in Islamic Banking; Towards Poverty Alleviation Muhammad Yasir Yusuf 1 Zakaria bin Bahari 2 One of the goals of Islamic banking operations is to increase the economic growth towards a better and just society. This study aims to examine the criteria and Islamic instrument of corporate social responsibility towards the creation of a sustainable economic development. Specifically‚ the study analyses
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RIVER CIVILIZATIONS 1. Mesopotamia: First and longest civilization in the world Government Type: Combination of monarchy and democracy Law and order Sumerian Laws: Sumerian laws were not written down‚ but people knew what they were and they knew what could happen to you if you broke the law. Babylonian Laws: The laws that were later written down by the ancient Babylonians were‚ for the most part‚ laws first created by the ancient Sumerians. Achievements: Pythagoras’ Law and 360 degree circle
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Name Class Name Date How Do Historians Study History? People might tend to think of a historian‚ particularly an instructor‚ as someone who has a fairly straightforward and simple profession. After all‚ history is already written. Thus‚ it should simply be a matter of just memorizing a series of facts. Of course‚ this is not the case. History as we understand it is a constantly evolving story about individuals‚ events‚ eras and cultures. In addition‚ modern historians frequently ask questions about
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What is a civilization? This is a big question that some experts still debate it to find the best definition‚ especially between archeologists who have a definition of civilization for earlier civilization and anthropologist whose definition concern about recent civilization. However‚ both early and late civilization has many evidences that proof many steps of process in formating a civilization. Surprisedly‚ some research has found the remarkable evolving process from earlier civilization to the more
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Farooq Associate Professor of Economics and Finance Upper Iowa University June 2006 [Draft; Feedback welcome] [pic]The Readers are highly encouraged to read another of my essays "Islamic Law and the Use and Abuse of Hadith" before this one to better follow and appreciate this essay. NOTE for fellow Muslims: Because this topic involves what is haram (prohibited) and halal (permissible) in Islam‚ every Muslim MUST do
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Summery Islamic Mode of Financing in other Countries (Malaysia‚ Iran‚ Sudan‚ Saudi Arabia) Introduction Islamic banking and finance may not be a totally new concept‚ the widespread expansion of this form of banking is certainly a fairly recent phenomena. There are more than 600 Islamic banking institutions and these institutions not only operate in Muslim countries‚ but have also gained footing in non-Muslim countries. Consensus forecasts expect the asset size of global IFSI to hit US$2 trillion
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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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The Number of Islamic Microfinance Institutions in Malaysia Should Be Increased. Table of Content Page 1.0 Abstract 2 2. Introduction 3 3. Argument 1 : Offer Syariah Compliant Finance 5 4. Argument 2: Increase the Performance of Islamic Banking and Finance 7 5. C. Argument: Risky and Costly to Implement Islamic Microfinance 9 6. Argument 3: Provide Financial Assistant for Low and Middle Income Groups. 11 7.0 Conclusion
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