The Impact of the Islamic Religion on the Harmonisation of International Accounting Standards Justin Lingard – S200990 October 2010 Table of Contents Introduction 4 User requirements of financial reports 5 IFRS Compliance Issues with Shari ‘a law 6 Riba 6 Gharar 7 Zakat 7 Conclusion 8 References 10 Introduction Islam is the world’s second largest religion with over 1.65 billion followers‚ which constitutes 24% of the world’s population (Kettani‚ 2010). Islam is a religion
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The Silk Road which started in 200 BCE and ended it in 1450 CE has its own changes and continuities. Trade flourished between the Asian and Europe at the time and as time went on its sole purpose of trading expanded to many other purposes and affect not only the area it contacted. Although there were many continuities during the time but it has more significant changes that occurred and also impact the world. One significant changes of the Silk Road is that it became a new way to spread different
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TOPIC: Islamic Pottery Islamic Pottery Occupation Medieval Islamic pottery occupied a geographical position between Chinese ceramics and the pottery of the Byzantine Empire and Europe. For most of the period it can fairly be said to have been between the two in terms of aesthetic achievement and influence as well‚ borrowing from China and exporting to and influencing Byzantium and Europe. The use of drinking and eating vessels in gold and silver‚ the ideal in ancient Rome
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1450 part C Globalization Spices Sugar was HUGE in America • New Guinea • Arabs were first to take it – med • Europeans wanted it o All they had was honey and fruits • First international mass market product o Capital from Europe/production in America/ African slaves • Sugar Belt • Slave labor o Many Indians died o Many African were resistant to disease o Horrendous conditions o Many Africans in Brazil o Spread t Caribbean • There was Spanish‚ Friend‚ English‚ Dutch
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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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Chapter 1 Introduction Islamic banks today exist in all parts of the world and are looked upon as a viable alternative system. While it was initially developed to fulfill the needs of Muslims‚ Islamic banking has now gained universal acceptance.Islamic banking has been in existence since the 1970s‚ and it has shown tremendous growth over the last 30 years. The practice of Islamic banking now spreads all over the world from the East to the West‚ all the way from Malaysia‚ Bahrain to Europe and
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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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Islamic Economics Economics studies are devoted with the economical behavior of individuals and societies‚ for instance production‚ consumption‚ saving‚ good exchange and so on. Every nation is supposed to regulate the production of goods and services as demanded by the people‚ consumers‚ thus any economic system needs to answer four main questions: 1- What to produce of goods and services? 2- How to produce these goods and services? 3- Who to produce to these goods and services
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Africa 10 A frica lies south of Europe and southwest of Asia. Geographically it is about three times the size of the United States‚ excluding Alaska and Hawaii. At its northeast corner is Egypt‚ which is connected to the Sinai Peninsula—and hence to the Asian continent by a very narrow strip of land. This is the only spot where Africa touches another continent; otherwise‚ it is surrounded by water. The Mediterranean Sea separates it from Europe in the north; the Red Sea and Gulf of
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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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