world. Islamic financing is an exception that has taken many spectators and viewers by surprise. Islamic Finance and banking is mainly refers to financing or banking activity that is dependable and homogeneous with the principles of Islamic law (Sharia) and its practical implementation through the progression and development of Islamic economic system. In Shariah Law term interest is denoted as Riba. Interest payment is prohibited in Islam. The main purpose or Objective of Islamic Banking and
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More importantly‚ “Islamic” and “Muslim” are not synonymous; “Islamization”‚ the process of creating an Islamic society‚ is the goal propounded by Islamic fundamentalists; a society may be predominantly Muslim‚ but not necessarily accept or practice Sharia law but every year‚ millions of women and girls worldwide suffer violence‚ be it domestic violence‚ rape‚ female genital mutilation/cutting‚ dowry-related killing‚ trafficking‚ sexual violence in conflict-related situations‚ or other manifestations
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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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ACKNOWLEDGEMENT Internship training for the students of Commerce and Business is a complimentary portion of the education‚ where students are put at various organizations of their respective specialization; to see and apply their theoretical knowledge what they have studied dur ing their academic program at the institute.Meezan Bank is one of those organizations where student can achieve his/her academic and professional knowledge productively. In the preparation of this internship report
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Arabia known as the Committee for the Promotion of Virtue and the Prevention of Vice. This group is known for policing the way woman are seen in magazines billboards‚ and other forms of press by blacking out bare skin that is shown in allowance with Sharia law. Princess Hijabs art comes at an interesting time in Paris history because of the ongoing debate in the banning of burqas and head scarves in public places. President Nicolas Sarkozy states that “The burqa is not a religious symbol‚ it is a
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1. Material Fact : In this case both parties were entered into leasing agreement. As regard to the agreement‚ the respondent were stated as lessor while appellant as lessse. Thus‚ the appellant was defaulted in payment for areas of rent and the payment for leasing of the equipment. Eventhough‚ the respondent were given several notice and warning for defaulted payment the appellant still failed to pay. Therefore‚ the respondent were taking back the printing equipment unfortunately the appellant were
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The recent political crisis in Mali has something to do with the Tuareg people that live in this region and the general religion of the region. The Tuareg people are nomadic farmers. North Africa is primarily Muslim and is heavily influenced by what happens in the Muslim world. Muslim rebel groups like the Ansar Dine seek a nation that abides by Islamic Law. Others like the Islamic Movement for Azawad seek an independent state in Northern Mali and acknowledgement of that state by the world. Mali
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LewisGlobalwork Saudi Arabia Snyopsis: For the LewisGlobalworks board‚ the current proposal for expansion into Saudi Arabia has been extrapolated into government/laws‚ economy‚ culture and technology considerations. This breakdown emphasizes the strategic issues if action is needed to push forward or reject the current Saudi Arabia proposal. At LewisGlobalwork‚ we strive to maintain integrity of our production facilities
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Poli Sci Final 1. List and explain the four main features and functions of constitutions. Be sure to associate your answers with specific models from countries explored in this course. According to the teaching of this course‚ some constitutions features and functions are Theories of government‚ humanity‚ society and God. When it comes down to it ‚ constitutions are designed to prevent the government from doing unethical things to others like illegal search and seizure and unwarranted surveillance
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INTRODUCTION 1.1 Introduction Islamic banking‚ a financial innovation‚ has come to be seen as the most ‘visible’ aspect of Islamization. Notwithstanding its novelty‚ it has made considerable progress‚ measured by the rapidity with which it has been adopted in the Muslim (even non-Muslim) countries in a relatively short period of time. However‚ the progress made by Islamic banking is seen by some Muslim economists as more apparent than real because it is not being run exclusively (or even mostly)
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