----------------------- A PRIMA - FACIE CASE FOR ISLAMIC ACCOUNTING • Purpose Accounting : To permit informed decision which will enable scare resources to be allocated efficient to achieved ‘social welfare’. |Islamic |Conversational | |To achieve socio – |To meet needs of | |economic & religions|‘capitalist’ | |objective of Islamic|economy. | |Institution & | | |Muslims Users. | | |Provide holistic
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Art‚ in its simplest definition‚ is the creation of images or objects. Islamic art has throughout history been mainly abstract and floral‚ portraying geometric shapes or Arabesque and calligraphic designs because of the strict injunctions against the depiction of living things. Islamic Art as a whole is comprised of visual arts produced 7th century onwards. This term not only describes art made in the service of Islam or by Muslim artists‚ but also secular art originating from those lands which
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Islamic Culture Overcoming Religious illiteracy This Article is one that shares on the topic of how many people are uneducated in Religion weather it be theirs or someone else’s. Moore says “Religious literacy entails the ability to discern and analyze the fundamental intersections of religion and social/political/cultural life through multiple lenses” therefor I agree with her statement there is a lot more to other Religions than meets the eye‚ which many people are not willing to learn which
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Zomo@hotmail.com Many times when feminists looked at Islamic women they criticized the man for not treating women properly. However‚ as Jane I. Smith states‚ women of Islam are not really offended by that fact‚ on the contrary‚ they believe that it is better for them. The Holy Koran is the basis for the Islamic believers. It has many interpretations‚ however there are certain facts that are sure to be clear as to the position of women in an Islamic society. Koran did introduce very significant changes
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Islamic Culture Islamic Culture refers to the customs and traditions that Muslims have adopted in their respective countries including the Islamic / Muslim Clothing they wear‚ foods they eat‚ wedding traditions and other such aspects of their Islamic Life. The cornerstone of Islamic culture is morality (hayaa)and simplicity. Hayaa (morality / modesty) and simplicity are both qualities of Imaan. Thus the true Islamic society upholds the highest levels of morality and maintains simplicity in every
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Swinburne University of Technology Faculty of Business and Enterprise FIN20012: Financial Markets Student Guide Page 1 Section One: Course Outline Section Two: True and False Questions Section Three: Essay Type Questions SECTION ONE: COURSE OUTLINE 1. The Financial System 2. The Banking Sector 3. Non Banking Financial Institutions 4. The share market and the corporation 5. Corporations issuing equity in the share market 6. Investors in the share market 7. Forecasting share
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His Messenger and His rightful servants. I thank Allah for his mercy and grace to let me complete this assignment. I am grateful to be assigned with this interesting topic. First of all‚ I would like to thank Professor Dr Razali Nawawi‚ my Islamic Obligation Lecturer (MCL Program) for his guidance and help throughout the making of this task. Your ideas and brilliant thoughts are very useful to me. Your recommendation of the book by Ibnu Taymiya has gained me valuable knowledge. To my parents
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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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Islamic Finance is a financial system that doesn’t work like other conventional banking systems. It follows the Islamic law‚ Shariah‚ which doesn’t allow certain aspects of a normal banking system such as usury and speculation. There are some main principles to be followed in Islamic banking. First of all‚ it prohibits interest‚ or Riba. Riba is forbidden in Islam‚ and therefore Islamic banking system adopts the principle of profit and loss sharing. It also prohibits uncertainty‚ gambling‚ and prohibits
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“There is a gap between all the money coming in to Islamic banks and the deployment of that money into real economic assets‚” says Sayd Farook‚ the global head of Islamic finance at Thomson Reuters. “A crazy amount of money has gone into their coffers and they need somewhere to invest it.” There was a need for a bank that followed the rules and bans of certain investments and money handling‚ and this began the establishment of Islamic Banks in the 1970’s. The establishment of these banks opened a
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