Islamic Finance June 2010 www.globalislamicfinancemagazine.com G LO B A L demand interview with UK:£8.00 Vast and unmet Mutual Funds & Wealth Management: Islamic John Sandwick Structure features in Shari’ah-Compliant Project financing: Case Study-based Part I P. 12 Brand New Way: Selling Islamic Finance to NonMuslims. Part II-Marketing and Selling Ba nc al hic ina Et & F ing nk e Sharia’a-Compliant Investing-Many Happy Returns? P. 60 P. 42 gif Principles of Islamic
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Introduction Accounting for leases is regulated by the Financial Accounting Standards Board (FASB) in United States .Standards for accounting leases have been effective since 1977 (Accounting Standard Board‚ 2004). The primary standard for lease accounting is Statement of Financial Accounting Standards No. 13 (FAS 13). According to FASB (1976)‚ a lease is an agreement conveying the right to use property‚ plant‚ and equipment (PPE) usually for a stated period of time. Examples of assets that can
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Renting out your home can be beneficial for many reasons. Long-term investment‚ temporary relocation or life changes just are some of the reasons to rent out your home instead of selling it. This is a good time to consider employing a licensed Real Estate Agent or Property Management company to review all points of the lease. A well written lease agreement can eliminate many problems. A standard lease form purchased at an office supply store may not cover all the points you need clarified For example
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1st Executive Summary In 1970 congress created the National Railroad Passenger Corporation to provide some of the best passenger rail service provided in the United States. Today‚ National Railroad is looking in to a new line of trains that are much faster and will cut today’s commuting times substantially. However‚ they are facing 3 different options for funding this new acquisition. One of the options is to issue new bonds and therefore borrow the money and purchase these trains. The
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period on rental basis. Ijarah is an Islamic leasing contract‚ representing one of the most common modes of Islamic finance currently practice. Its popularity is due to strong parallel to convential leasing concept. The process of ‘Ijarah’ is very simple and easy to understand. This has been derived from the Arabic term "Ujr" or "Ujrat" which means ’consideration’ or ’return’ or ’wages’. In simple words ‘Ijarah’ defines; contract of hiring‚ renting and leasing. This mode of financing is use in case of
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about making an informed business decision when it comes to purchasing or leasing equipment. Every company wants to maximize revenue and profit‚ and a decision such as whether to lease or purchase equipment could potentially make a significant difference. Pros to leasing Financially the needs of the company will vary and hence‚ the need to review the pros and cons of leasing may weigh more one versus the other. The Pros of leasing are; (Staff‚ 2015‚ ¶ 5) requires no down payment‚ while a loan often requires
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outflows/inflows from owning equipment as $101‚281 and $90‚892 from leasing equipment; the better choice in regards to cost after the allotted three years would be to lease. The depreciation of the equipment over time will cost the firm more when using the option to purchase over leasing because the value of the equipment will not be the same upon resale which will cause a loss to the firm. Calculations Cash Outflows/Inflows Associated with Leasing Year Lease payments 1 $55‚000 2
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Theory and Research University of Phoenix Mr. Heber W. Howard TO: Supervising Manager FROM: RE: Trucking lease options This memo is intended to inform you on leasing information in the Financial Accounting Research System (FARS) and create a recommendation for the regional trucking company as it pertains to their leasing options. This memo will briefly cover sales-type‚ direct financing‚ and operating leases for your information. If a lease does not meet the criteria for capitalization
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whether to accept an offered leasing contract for the duration of three years. In the event of acceptance of the above-mentioned contract‚ the profits of the company would depend on the agreed hire rates‚ operating costs‚ ship depreciation and inflation. After the closure of thecontract‚ further income would be evaluated based on expected market daily hire rates. The conditions for the proposed lease are shown in exhibit 1. Statement of problem The duration of the leasing contract is quite short so
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1) Should Riverbend buy or lease the truck? In order to do a fair comparison of number‚ we need to calculate the present value of an annuity for leasing the vehicle. With an assumed discount rate of 10%‚ over the course of 5 years‚ we calculated a present value of $27‚293. 76. So if we were to look at price alone‚ the present value for leasing a vehicle for 5 years at $7‚200 a year would be $27‚293.76 which is $2‚993.76 more than if the company would purchase
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