...Elaborate on the accounting treatment of Mudharaba or Musharaka Financing (T): Accounting treatment of Mudharaba Financing The capital that provided by Rab al-mal whether in form of cash or kind is recognized when paid to the mudarib. This is the view of majority of the jurists and if in instalment, it should paid of each other. Then, present in financial statements under ‘Mudaraba Financing’ or ‘non-monetary Mudaraba assets’ if not paid in cash whereas the capital is paid in kind, it should be measured at fair market value. If valuation is different from book value, then the difference should be recognized in the books of the Islamic bank as income (profit) or expense (loss). An expense incurred by either party is not considered as Mudaraba capital unless agreed upon by both parties. Any repayment of Mudaraba capital shall be deducted from Mudaraba capital and loss of capital suffered prior to inception shall be borne by the Islamic bank. However, if the loss occur after inception of work it shall not affect the measurement of Mudaraba capital. But if the whole is lost, the Mudaraba will be terminated, account settled and the loss should be treated by the Islamic bank. When a Mudaraba is liquidated, the Mudaraba capital will be specified as a receivable due from the mudarib. Profits shall be recognized when distributed by the mudarib. Losses resulting from liquidation shall be deducted from the Mudaraba capital. After that, Mudarib shall bear the losses incurred due to misconduct...
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...Punjab-Haryana High Court Kehar Singh & Others vs The State Of Haryana & Others on 27 May, 2013 CWP No.721 of 2012 -1- IN THE HIGH COURT OF PUNJAB & HARYANA AT CHANDIGARH CWP No.721 of 2012(O & M) Date of decision:27.05.2013 Kehar Singh & others .....Petitioners Versus The State of Haryana & others ......Respondents CORAM: HON'BLE MR.JUSTICE AJAY KUMAR MITTAL HON'BLE MR.JUSTICE G.S.SANDHAWALIA Present: Mr.Shailendra Jain, Advocate, for the petitioners. Mr.S.S.Pattar, Sr.D.A.G., Haryana. Mr.Rahul Garg, Advocate, for respondents No.3 & 4. ...
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...similar in many ways to other religions. The message that Islam preaches is essentially the same message and guidance, which God revealed to all his previous messengers, or better known as prophets. Next, it is unfortunate that some teachings and practices of Islam have been distorted, taking out of context and misrepresented in the west particularly in the media. “Islam is a widely misunderstood religion. Those who are unfamiliar with the faith often have misunderstandings about its teachings and practices. Common misconceptions include that Muslims worship a mood god, that Islam is oppressive against women, or that Islam is a faith that promotes violence. Here we bust these myths and expose the true teaching of Islam” (Huda, 2007). Finally, According to Huda (2007), top ten myths about Islam are Muslims worship a moon god, Muslims don’t believe in Jesus, Most Muslims are Arabs, Islam oppresses women, Muslims are violent, terrorist extremists, Islam is intolerant of other faiths, Islam promotes Jihad to spread Islam by the sword and kill all unbelievers, The Quaran was written by Muhammad and copied form Christian and Jewish sources, Islamic prayer is just a ritualized performance with not heartfelt meaning, and The crescent moon is a universal...
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...RAYA RT.03/04 NO.17 | 11 | 20228582 | MI ATTAQWA | JL. RAYA PENGASINAN RT.01/06 | 12 | 20228583 | MI FA’RUL HIDAYAH | JL. MASJID ARRAHMAN, SAWANGAN BARU | 13 | 20228584 | MI FATAHILLAH | JL. RAYA BOGOR KM.31 | 14 | 20228585 | MI HASMI AL HASANI | CIMPAEUN | 15 | 20228586 | MI HAYATUL ISLAMIYAH | JL. ABDUL WAHAB RT.01/05 | 16 | 20228587 | MI HIDAYATUL ATHFAL SERUA | JL. MANDOR TADJIR RT.02/05 SERUA | 17 | 20228588 | MI HIDAYATUSSIBYAN | JL. ESTATE JATIJAJAR 02/08 | 18 | 20228589 | MI IRSYADUL ATHFAL | JL. H. ABDUL GANI, CILODONG | 19 | 20228590 | MI KHOIRUL HUDA BEDAHAN | JL. H. SULAEMAN NO.9 BEDAHAN | 20 | 20228591 | MI MASYARIKUL ANWAR | JL. RAYA CURUG RT.03/09 | 21 | 20228592 | MI MIFTAHUL ANWAR | LEUWINANGGUNG | 22 | 20228593 | MI MIFTAHUL FALAH | JL. BANYU MEDAL NO.35 RT.01/05 | 23 | 20228594 | MI MIFTAHUL HUDA | JL. RAYA PONDOK PETIR RT.03/01 | 24 | 20228595 | MI MIFTAHUL HUDA MUHAMMADIYAH | JL. SMPM NO.29 RT.01/08 CINANGKA | 25 | 20228596 | MI MISBAHUL FALAH DUMEK | KP. KANDANG RT.01/02 DUREN MEKAR | 26 | 20228597 | MI MISBAHUL FALAH PERIGI | JL. H. SULAEMAN RT. 02/05 NO.93 PERIGI | 27 | 20228598 | MI MUAWANATUL ISLAMIYAH | JL.RTM GG.H.SALIM | 28 | 20228599 | MI NURUL FALAH KBY | KABAYUNAN | 29 | 20228600 | MI NURUL FALAH LW.NANGGUNG | LEUWINANGGUNG 03/01...
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...Digging the Cash out of the Profit-A case of RAK PROPERTIES Though my bottom line is black, I am flat on my back, My cash flows out and customers pay slowly. The growth of my receivables is almost unbelievable The result is unremitting woe! And I hear the banker utter an ominous low mutter “Watch the cash flow”-Herbert S Bailey “Unbelievable, shocking, it is not possible!” These are the words of Mohd. Huda a prospective shareholder of RAK properties, while reviewing the annual reports of the company. Although Mohd Huda is an engineer in Dubai based trading company but his interest in stock market and his urge to multiply his hard earned money has made him go through the annual reports of the companies, he wants to invest his money into. “How it can happen?” Still grumbling..while looking at the result of the cash flow statements after reviewing the Income statement of the company. “A difference of AED 341,077,000, the income statement profit is AED 170,085,000 On the contrary the cash from operating Activities (AED170,992,000) has the equal number in negative”. RAK Properties RAK Properties, a Public Joint Stock Company listed on the Abu Dhabi Securities Market, is a real estate development company established to implement the emirate’s plans to promote real estate, tourism and leisure facilities in RAK and invest in interesting projects. It is intended that its activities will encourage economic growth in the UAE in general and Ras Al Khaimah in particular...
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...Workplace Accident in Malaysia: Most Common Causes and Solutions Voon Mei Hui Universiti Sultan Zainal Abidin, Gong Badak Campus, Terengganu, Malaysia Abstract There are various reasons for an accident to happen in a workplace. It could results to either minimal accident or tragic accidents, causing minor injury, damage to equipment or even in some cases, major injury or death. Employees need to be alert and aware at all times to avoid accidents, while managers need to master and understand the most common causes for workplace accidents and be able to identify the risk factors early to prevent it. To achieve a goal successfully, a conducive and competitive working environment may help the organization to run their daily operation smoothly. Considering on the importance of safety at workplace, the Malaysian government has introduce efforts on executing safety and health policies through the enforcement of guidelines as well as conducting site safety seminars and certifications. According to the existing record indicated that the present Occupational Safety and Health (OSH) situation in the workplace is still adverse and below expectation. This paper discussed on the issue about the most common causes of workplace accidents among workers at workplace. This paper aims to propose a conceptual framework to study the relationship between individual factors that contribute to the workplace accidents and suggested solutions on those issues. The study will utilize qualitative method...
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...------------------------------------------------- Zeeshan Ahmad Khan | ------------------------------------------------- | ------------------------------------------------- | ------------------------------------------------- | ------------------------------------------------- Address: | ------------------------------------------------- | ------------------------------------------------- | ------------------------------------------------- Contact: | ------------------------------------------------- | ------------------------------------------------- | ------------------------------------------------- | ------------------------------------------------- | ------------------------------------------------- | ------------------------------------------------- | ------------------------------------------------- Email(s): | ------------------------------------------------- Zeeshan.khan687@gmail.com | ------------------------------------------------- | Objective: | Self-motivated individual with strong problem solving skills, seeking for a position that allow me to utilize my skills so that the outcome can be used for the benefit of the organization. I believe given a chance I would become an asset to any organization immediately. | Academic Education Sr. | Certification / Degree | Institution / University | Specialization | Passing Year | 1 | Ms Management Science (Leading to PhD) | University of the Central Punjab | Finance | (Dissertation in...
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...Heritage Assessment A. Holm, RN Grand Canyon University: 429 V 08/24/2014 Heritage Assessment It is very important to address the heritage of every patient we become the caregiver for. This will ensure that we provide care that is culturally competent and gain the trust and respect of the patient and family. Since respect and trust are not given, but earned, addressing the fear everyone has upon having to depend on medical/nursing care for themselves or their family will put the patient at ease. Discussing and asking questions regarding heritage, religious preference, culture, race, gender, health promotion, health protection and health restoration shows respect for the whole person. This respect of the individual and their family will allow them to be participants in their own care without raising barriers because they will find out that we are trying to do what is best for their health. This will also allow us to complete a Care Plan that is specific and true to the individual and their needs. Introduction to Three Families Interviews were done with three families of differing culture, religion and race utilizing the Heritage Assessment Tool provided in the Week Three Assignment Guide. There were many laughs (such as all three couples stated, “condoms” when asked about health protection) during the interview as well as seriousness when speaking about deeply held beliefs and religious issues. All three families seemed to sincerely want to help with the understanding...
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...circle such as her cousin, Gamila, and Dawlat Hanim’s departed daughter, Safaa. Despite similar responses shown by Layla and the nameless protagonist toward the oppressions toward them, el-Saadawi’s protagonist establishes a more extreme transgression compared to Layla regarding the way she negates the fundamentals and executes a frontal deportment. However, it does not necessarily mean that Layla’s struggle is less valuable than the nameless heroin. I believe that different milieu both protagonist have influences the transgression made as they resist the forces surround them. Briefly, both novels which were originally published in 1960s continue to carry out the spirit of women liberation post Huda Sha’rawi era. Though decades spanned between Latifa al-Zayyāt’s, Nawal e-Saadawi and Huda Sha’rawi, the Open Door and Memoirs of a Woman Doctor prove to be a writing which succeeds in carrying out women’s voices. ...
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...followed by the first sectors during the 1970s. These were sector 4 and 7 that were developed as residential sectors and sector 18 as the industrial estate. These were located close to the old localities of the core town such as Jacombpura, Madanpuri, Jyoti Park, etc. Gradually, the entire areal expansion of Gurgaon started encroaching upon the agricultural land of the villages surrounding Gurgaon town such as Gurgaon village, Dundahera village, Mulahera village. These were the villages located outwards from the Old Gurgaon to Delhi and close to the old NH8. By the year 1975, the sectors started being constructed were sectors 14 and 17 and these were placed outwards from the city core (towards Delhi). But it was with establishment of HUDA under HUDA act, 1977 the growth and development of Gurgaon gained momentum. This momentum has been built with the advent of both auto industries and the private developers from 1981 onwards. Since then the area experienced a great boom in construction activity. Then the villages located close to the new NH8 were acquired in 1980s (the new NH8 that came up in 1990s followed) such as ChakarPur, SikanderPur, Wazirabad, and Jharsa. Simultaneously there was a parallel set of developments taking place that have contributed to the growth of city; the entry of Maruti and private developers almost during the same time period. The end of 1970s saw the coming up of industry with Maruti making its foray in Gurgaon. With the beginning of the decade of 1980s...
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...Understanding Islam REL/134 09/17/14 Understanding Islam Islam developed in the Middle East in the 7th century C.E. which was founded by the teaching of Prophet Muhammad. Islam means surrender or submission, which they surrender to Allah, the creator of the world. One of the major beliefs to Islam is that Allah is the one true God. There are two branches with in the tradition, which are Sunni and Shi’a. Both claim different means of maintaining religious balance. Muslims do not believe that Jesus was the divine or that the Christian doctrine of the Trinity is real. But they do believe that Judaism and Christianity express the true revelation from God. They also think that they the Judaism and Christianity have taken the word of God and completely misunderstood it, by adding human definition to it. “It was Muhammad, Muslims believe, who freed the divine message from human error and offered it, purified, to all people” (Molly, M. 2013). Some unifying characteristics of Islam are the Five Pillars, Qur’an, and Ramadan. The Five Pillars are the fundamental practices of Islam. These practices include a ritual profession of faith, ritual prayer, the zakat (which means charity), fasting, and the hajj (which is the pilgrimage to Mecca). The ritual profession of faith is called the Creed or Shahada. “There is no God but Allah, and Muhammad is his messenger. This single sentence, when recited with belief, makes a person a Muslim.” (Molly, M. 2013). Many Muslims are so committed...
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...The saudi stock market crash that happened on 2006 caused a tremendous disaster for hundreds of thousands of the small shareholders in saudi and has affected the inexperience and ignorant saudi investors in particular, due to their mistook of the market as a safe place to invest and make quick profit. The saudi stock market back then has shed around 48% since january, whereas 23% two-day loss was in the black monday market crash in 1987. As we can see, the saudi market crash had much higher loss. The crash has affected almost every family in saudi arabia and the blame was mainly on the banks who made leverage available for everyone and that caused a huge market decline and economic recession, despite the high prices of oil and the increasing liquidity. "These are factors that led to the increase in the consumer and credit card borrowing to the rate of 83.9 percent in 2000. This was only a natural development under the existing situation. Then the growth level of the family sector credits fell to 36.2 percent in 2003 and rose to 56.3 percent in 2004 and 55.8 percent in 2005," Al Ojaji said. "The researcher found that the value of the credit to the family sector never exceeded SR30.2 billion at any point of time. "A value of SR30.2 billion early in the year could by no means make the value of the stock market to grow to SR 2.9 trillion by the end of February 2006," Al Ojaji explained. "This increase could also be linked to the rise in oil price and the corresponding rise in...
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...The 27-km-long Delhi-Gurgaon expressway, the country's most ambitious intra-city toll road will break even in three years, despite the fact that it has incurred 73 per cent of cost over-run, and is running two years behind schedule. The reason: starting January 2008, DS Constructions, the company building and managing this stretch, will impose a toll of Rs 15-18 (for passenger cars), Rs 18-20 (for taxis), and Rs 45-50 (for buses and trucks) per trip. It will help the company generate over Rs 250 crore of annual revenue. It will also help the company recover more than Rs 950 crore invested on the construction of this stretch within he next three years. Since it is an expressway, two-wheelers would not be allowed to commute on this stretch once it is completed, as service roads are being provided for local traffic movement, according to the company officials. The toll rates were ascertained by the National Highways Authority of India (NHAI) recently after finalising the layout of the three toll plazas, which would be put up at this stretch. These toll plazas are being set up near IGI airport, Delhi-Gurgaon border and 42nd Milestone. After much delay, the project is expected to finish by December and company officials say they would start levying toll by January next year. Ministry sources say that toll rates have been determined considering the volume of traffic on that section of the highway. The rates would be subject to periodic review on annual basis and any increase...
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...Critical Thinking Assignment Critical Thinking Assignment Billy L Goe Apologetics 104-B35 Professor Obaina September 25, 2012 Critical Thinking Assignment 1 Part One: The Question of Origin The Quran states that "Allah created the heavens and the earth, and all that is between them, in six days" (7:54). While on the surface this might seem similar to the account related in the Bible, there are some important distinctions. After completing the Creation, the Quran describes that Allah "settled Himself upon the Throne" (57:4) to oversee His work. A distinct point is made to counter the Biblical idea of a day of rest: "We created the heavens and the earth and all that is between them in six days, nor did any sense of weariness touch Us" (50:38). Allah is never "done" with His work, because the process of creation is ongoing. Each new child who is born, every seed that sprouts into a sapling, every new species that appears on earth, is part of the ongoing process of Allah's creation. "He it is Who created the heavens and the earth in six days then established Himself on the Throne. He knows what enters within the heart of the earth, and what comes forth out of it, what comes down from heaven, and what mounts up to it. And He is with you wherever you may be. Allah sees well all that you do" (57:4). Retrieved September 20, 2012 from http://islam.about.com/od/creation/a/creation.htm The Question of Identity The Quran describes how Allah created Adam: “We created man...
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...[pic] PROJECT REPORT B.Sc. Physics (H) 1st Semester Foundation Course Group No.07 [pic] PROJECT TITLE "Management of Delhi Metro" ACKNOWLEDGEMENT We hereby express our deep sense of gratitude to Dr. K.C. Verma, Teacher-in-Charge, Commerce for his continuous guidance and support in successful completion of this Project Report entitled “Management of Delhi Metro”. We are also extremely thankful to Ms. Bhamini Garg, Assistant Professor, Commerce for her generous guidance, help and useful suggestions in successful completion of our Project Report CERTIFICATE This is to be certified that the Project Report entitled “Management of Delhi Metro” is a bonafide work of all the team members belonging to Group no. 7. __________ _____________ Bhamini Garg Dr. K.C. Verma Assistant Professor Teacher-in-Charge, Commerce TEAM MEMBERS |S.No. |Name |Roll No. | |1 |MANJEET SINGH |49 | |2 |JUGAL TIWARI |55 | |3 |SHIVAM SHARMA |56 | |4 |VAIBHAV GUPTA |12 | |5 ...
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