The Shahadah (profession of faith) What is it? Specific‚ religious description Shahadah (testimony‚ oath) (witness‚ to know and believe without suspicion) Summary and declaration of Muslim faith One enters Islamic faith when reciting the Kalima (statement of faith) "I bear witness that there is no other deity but‚ Allah‚ and I bear witness that Muhammad is the messenger of Allah" (in Arabic) Muslims recite the Kalima with understanding and full internal
Premium Islam Muhammad Hajj
The Five Pillars of Islam are the structure of the Islamic religion. They are the testimony of faith‚ prayer‚ Zakat (charity)‚ fasting during the month of Ramadan‚ and if circumstance permits then pilgrimage to Mecca once in a lifetime. The first pillar‚ entitled the testament of faith‚ exploits the Belief in one god‚ Allah‚ who constitutes the very foundation of Islam. Prayer is the next pillar of Islam. Prayers do not take more than five minutes and are required five times daily. In prayer‚ a
Premium Islam Muhammad
2. Asset valuation | Use historical cost. But current accounting standards are adopting fair value measurement. | Use current cost. The reason is that one of the main objective of financial reporting from Islamic perspective is calculation of zakat. | 3. Objective of financial reporting | Focus on facilitating company to assess their performance based on profit maximization‚ ie efficient resource allocation by the company. | In contrast‚ Islamic accounting focus on providing information
Premium Finance Economics Islam
the poor want to learn and to have a job so we have to help them to get these things buy build schools for poor people and the rich people can give them money and clothes and food and thing they don’t need it. Islam make things can help poor buy zakat or sadacka with these tow Things poor can be rich like us And if everybody helps poor we can fix bad things on the world like wars and steeling and killing people we can bring buy the give Institutions the money and the food Some poor like to
Premium Poverty Islam Africa
on the Harmonisation of International Accounting Standards Justin Lingard – S200990 October 2010 Table of Contents Introduction 4 User requirements of financial reports 5 IFRS Compliance Issues with Shari ‘a law 6 Riba 6 Gharar 7 Zakat 7 Conclusion 8 References 10 Introduction Islam is the world’s second largest religion with over 1.65 billion followers‚ which constitutes 24% of the world’s population (Kettani‚ 2010). Islam is a religion that encompasses all aspects of a
Premium International Financial Reporting Standards Islam Sharia
Abstract The purpose of this paper is to describe ancient Islamic traditions. This paper focuses on the religious traditions that are mainly still practiced today according to the Qur’an. The six pillars are described which consist of Shahadah‚ Salat‚ Zakat‚ Sawm‚ Hajj‚ and Jihad. Islamic Ancient Traditions: The Six Pillars from the Writings of Crystal Medell The religious Islamic traditions of ancient times are still practiced in there entirety except for the sixth pillar
Premium Islam Muhammad Ramadan
the famous Hadith of Gabriel.[1] [2] [3] [4] The Qur ’an presents them as a framework for worship and a sign of commitment to the faith. They are (1) the shahada (creed)‚ (2) daily prayers (salat)‚ (3) fasting during Ramadan (sawm)‚ (4) almsgiving (zakāt)‚ and (5) the pilgrimage to Mecca (hajj) at least once in a lifetime.[5] [6] The minority Shi ’i and majority Sunni both agree on the essential details for the performance of these acts‚[7] [8] but the Shi ’a do not refer to them by the
Premium Islam Muhammad Prophets of Islam
Islamic Economics Institution Of Bait-ul-Maal By Muhammad Adeel Mian Sajjad Naqwi Sec-H Presented to: Miss Tahseen Lahore School of Economics BAIT-UL-MAAL Introduction The bait-ul-maal is a unique institute which was established for the economic prosperity of the people. As we all know in the Islamic system of life sovereignty belongs to Allah and man is His vicegerent on earth. Similarly the same concept applies to Bait-ul-maal‚ where Allah is sole master of this treasury while the
Premium Islam Muhammad Qur'an
second Pillar is Salat (Prayer). Prayer required of all Muslim adults after they reach a certain age and it is done daily‚ five times‚ for around five to ten minutes each time. The third Pillar is Zakat (Charity). Muslims believe that all wealth belongs to God‚ and God wishes for Muslims to be generous. Zakat is the required giving of a portion of one ’s savings to charity at the end of each year. The fourth Pillar is Sawm (Fasting). All Muslims are required to fast during Ramadan‚ the ninth month of
Premium Islam Muhammad
Hari Raya Puasa-Malaysia When Is Hari Raya Puasa 2013 in Malaysia? Hari Raya Puasa falls on 8-9 August‚ 2013. Hari Raya Puasa is celebrated at the end of the Ramadan month every year to mark the end of the fasting season. It is celebrated in a grand scale in Malaysia whose population and administration are predominantly Muslim. Hari Raya Puasa is also known as Hari Raya Aidilfitri‚ or simply called Hari Raya for short‚ even though the latter term is also used for other Muslim celebrations throughout
Premium Ramadan Muhammad