Accounting Information Systems of Sibl
1.1 Introduction
An early market economy and an early form of mercantilism, sometimes called "Islamic capitalism", were developed between the eighth and twelfth centuries. The monetary economy of the period was based on the widely circulated currency the gold dinar, and it tied together regions that were previously economically independent.
A number of economic concepts and techniques were applied in early Islamic banking, including billsofexchange, partnership (mufawada,including limitedpartnerships,or mudaraba), and forms of capital (al-mal), capital accumulation (name al-mal),cheques, promissory notes,trusts (see Waqf),transactionalaccounts, loaning, ledgers and assignments.Organizational enterprises independent from the state also existed in the medieval Islamic world, while the agency institution was also introduced during that time. Many of these early capitalist concepts were adopted and further advanced in medieval Europe from the 13th century onwards.
Bangladesh is one of the largest Muslim countries in the world. The people of the Muslim community wishes to design their economic activities in accordance with the percepts of Islam so the establishment of some numbers of Islami Bank in Bangladesh is the true reflection of long day’s deep cry in their heart.
The Objective of Social Islami Banking is not only to earn profit, but also to do good and welfare to the people. Islam upholds that, money, income and property belong to Allah and this wealth is to be used for the good of the society. Social Islami Banks operate their banking activates based on the Islamic principles of profit and loss sharing and strictly avoiding interest.
1.2 Background and Purpose of the Internship Program
The internship program is an integral part of the BBA program that all the students have to undergo of International Business Administration and Information System University (IBAIS), Dhaka. After the completion of all the courses of BBA program every student
An early market economy and an early form of mercantilism, sometimes called "Islamic capitalism", were developed between the eighth and twelfth centuries. The monetary economy of the period was based on the widely circulated currency the gold dinar, and it tied together regions that were previously economically independent.
A number of economic concepts and techniques were applied in early Islamic banking, including billsofexchange, partnership (mufawada,including limitedpartnerships,or mudaraba), and forms of capital (al-mal), capital accumulation (name al-mal),cheques, promissory notes,trusts (see Waqf),transactionalaccounts, loaning, ledgers and assignments.Organizational enterprises independent from the state also existed in the medieval Islamic world, while the agency institution was also introduced during that time. Many of these early capitalist concepts were adopted and further advanced in medieval Europe from the 13th century onwards.
Bangladesh is one of the largest Muslim countries in the world. The people of the Muslim community wishes to design their economic activities in accordance with the percepts of Islam so the establishment of some numbers of Islami Bank in Bangladesh is the true reflection of long day’s deep cry in their heart.
The Objective of Social Islami Banking is not only to earn profit, but also to do good and welfare to the people. Islam upholds that, money, income and property belong to Allah and this wealth is to be used for the good of the society. Social Islami Banks operate their banking activates based on the Islamic principles of profit and loss sharing and strictly avoiding interest.
1.2 Background and Purpose of the Internship Program
The internship program is an integral part of the BBA program that all the students have to undergo of International Business Administration and Information System University (IBAIS), Dhaka. After the completion of all the courses of BBA program every student
Bibliography: • Annual report of Social Islami Bank Limited, 2010. • Annual report of Social Islami Bank Limited, 2009. • Annual report of Social Islami Bank Limited, 2008. • Romney Marshall, B and Steinhart Paul, J (2000), Accounting Information System, Pearson Prentice Hall, Ten editions. • Wilkinson J.W, Cerullo M.J, Raval V and wing B.W.O (2000), Accounting Information Systems: Essential Concept and Applications, John willy and Sons. Inc. Fourth editions. • Kimmel Weygandt, Kieso (1999), Accounting Principles, Donald Fowley Eight edition. • Terry Weygandt, Kieso (2000), Intermediate Accounting, Susan Eibe.