BWFS3023 Islamic Accounting 2nd Semester 2012/2013 Short Essay Assignment Instruction Please answer all the questions below. The assignment should not less than 3 pages and not exceed 10 pages including references. Question 1 The differences between Islamic accounting and conventional can be seen in the context of the basis differentiation which is: (1) objective of providing information‚ (2) the type of the information that is identified‚ how it is measured‚ recorded and communicated
Premium Sharia Muhammad Finance
ISLAMIC FINANCE MID-TERM Usama Bin Asif ISLAMIC FINANCE MID-TERM By Jebran khan 1. Economical system 2. 4 Problems of economical system 3. Principles of Socialism a. Errors in Socialism 4. Principles of Capitalism a. Errors in Capitalism 5. Islamic instructions regarding economics 6. Initiative person and secondary person 7. Profit motive a. Restrictions from Gods side b. Governmental restrictions b.i. Condition of governmental
Premium Islam Capitalism Muhammad
STATEMENT: geologists classify rocks based on how the rocks were formed. Rocks can be classified into three categories on the basis of their formation: igneous rocks‚ sedimentary rocks and metamorphic rocks. I. The first type is igneous rocks (from the Greek word for fire) which are formed from molten rock (magma) and lava. A. Formation 1.coming up of magma through cracks 2. forming a layer on surface or filling other cracks 3. cooling forming a very hard igneous rock 4. magma on the surface
Premium Metamorphic rock Igneous rock Rock
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
Premium Islamic banking Islam Sharia
[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
Premium Bank Financial services Islamic banking
instruments. For example in the steel pedal guitar can be plays the lead riff in “Country Roads” by John Denver. It can also be heard in “Wild Horses” by the Flying Burrito Brothers. Along with the pedal steel guitar another essential of country and folk rock is a acoustic guitar which can be heard through these albums and is the base for this genre. John Denver used Guild and Yamaha guitars‚ Neil Young played a Les Paul and Hank Williams Martin D-28. Some artists will use a variety of instruments‚ for
Premium Guitar Country music Electric guitar
Islamic Banking in Pakistan 1 ISLAMIC BANKING IN PAKISTAN Islamic Banking in Pakistan: A Review of Conventional and Islamic Banking Prof. Dr. Khawaja Amjad Saeed Hailey College of Banking and Finance University of the Punjab‚ Lahore Proceedings of 2nd International Conference on Business Management (ISBN: 978-969-9368-06-6) Islamic Banking in Pakistan 2 Terminology IBIs ND NIB NPFs P PP PTC ROA ROE SBP SME TFC Islamic Banking Institutions. No Date Non – Interest Based Banking
Premium Islamic banking Fractional-reserve banking Bank
Islamic Fundamentalism Contest Introduction I. Islam as a Religion II. Islamic Fundamentalism 3.1. Defining Fundamentalism and the Backgrounds of Islamic Fundamentalism 3.2. Islamic fundamentalist movements Conclusion Bibliography Introduction Islam is the fastest growing religion in the world and is second only to Christianity in number of adherents. Muslims live in all parts of the world‚ but the majority of Muslims are concentrated in the Middle East and
Premium Islam
Islamic Economics Economics studies are devoted with the economical behavior of individuals and societies‚ for instance production‚ consumption‚ saving‚ good exchange and so on. Every nation is supposed to regulate the production of goods and services as demanded by the people‚ consumers‚ thus any economic system needs to answer four main questions: 1- What to produce of goods and services? 2- How to produce these goods and services? 3- Who to produce to these goods and services
Premium Economic system Economics Communism
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
Premium Bank Financial services