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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[pic] ISLAMIC BANKING: IS IT REALLY “ISLAMIC”? By: Omar Mustafa Ansari & Faizan Ahmed Memon Is it really Islamic? …. In this era of development and growth in Islamic finance and banking‚ this is a question being raised at every forum by various quarters. All those who raise this question‚ are undoubtedly well-wishers of Islam‚ Islamic economic system and Muslim Ummah. Accordingly‚ while we celebrate the achievements of Islamic banking on one hand‚ we should not
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Islamic Radicalism As years have passed‚ Islam has become a major political force in the contemporary world‚ arguably through means of terrorism and guerilla warfare. The word Islam actually means‚ “submission” to the will of Allah‚ “God” which is similar to how terrorists tend to try and submit others by force to follow said will. These terrorists’ objective is to spread Islamic faith and politics by ridding the world of non-believers to ultimately achieve a pure Islamic state
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Islamic Art and Architecture; Influence and Effects Introduction During the reign of the Ottomans‚ Safavids‚ and Mughal rulers‚ architecture and art took on more meaning than it had in the past. The types of architecture and manuscript writing have had both symbolic significance and influence on the people of these empires. The architecture can be said to have had the greatest impact on the presence of power and devotion to Islamic arts of all of the empires‚ while manuscripts were held privately
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Islamic Branding – Brands‚ Islam and the New Muslim Consumer inShare WEBWIRE – Monday‚ July 12‚ 2010 Built on a bank of rigorous bespoke research conducted in key Muslim markets by TNS Built on a bank of rigorous bespoke research conducted in key Muslim markets by TNS‚ this study offers detailed branding recommendations on how to forge stronger bonds with the new generation of Muslim consumers‚ through every aspect of branding‚ from business practice and philosophy to visual identity and customer
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References: Annual reports of the Standard Chartered PLC for years ended 31st December 2006‚2007 and 2008 Annual reports of the Islamic Bank of Britain for years ended 31st December 2006‚2007 and 2008 http://www.imf.org/external/pubs/ft/survey/so/2010/res100410a.htm
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Islamic Extremists Nearly everyone has heard about Islam and the Arab world. In addition‚ many countries have already faced issues with the Muslim believers. Islam has caused problems‚ terrorist attacks‚ anti-democracy all over the world. They were also very successful in sending a message of who they truly are. People who are literally obedient to the Islamic faith are called Islamic Extremists. People‚ who are of the Islamic faith however desire to survive in peace without tribulations are not
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INTRODUCTION TO ISLAMIC BANKING The term Islamic banking refers to a banking activity or a system of banking that is in consonance with the basic principles of Islamic Shariah (rules and values set by Islam). Islamic banking is also known as interest free banking system as the Shariah disallows the acceptance of “Riba” or interest rate for the accepting and lending of money. In Islamic banking system‚ a business that offers good interest rates or services is strictly prohibited and it
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In March 2001‚ the Taliban destroyed the Buddhas of Bamiyan which Finbarr Barry Flood said would define Islamic iconoclasm for many decades to follow. The author argues that the destruction of the Bamiyan Buddhas does not represent Islam’s attitude towards figuration‚ but rather a response at a particular moment in time. This point is still true today considering Islam’s view on images has never been the reason for iconoclasm‚ but what defines iconoclasm has certainly changed in recent years with
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husband ’s authority: emerging formulations in Muslim family laws Lynn Welchman Subject: Family law. Other related subjects: Legal systems Keywords: Comparative law; Islamic law; Marriage; Morocco; Spouses; United Arab Emirates *Int. J.L.P.F. 1 ABSTRACT This article considers the articulation of the husband-wife relationship in Islamic law and specifically the contemporary equation in statutory formulations of Muslim family law that sets the husband ’s duty of support‚ or maintenance‚ of his wife
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