...ASSIGNMENT UNGS 2030 ASSIGNMENT UNGS 2030 TITLE WORLDVIEW : MEANING, NECESSITY AND ELEMENT ACCORDING TO MUSLIM SCHOLARS TITLE WORLDVIEW : MEANING, NECESSITY AND ELEMENT ACCORDING TO MUSLIM SCHOLARS LECTURER : MD. YOUSUF ALI SECTION: 2 LECTURER : MD. YOUSUF ALI SECTION: 2 NAME : MUNA AMANI BINTI FISAL MATRIC NO : 1218352 THE DEFINITION AND CONCEPT OF WORLDVIEWS From the perspective of Islam, a 'worldview' is not merely the mind's view of the physical world and of man's historical, social, political, and cultural involvement in it. According to Prof. Naquib Al-Attas, the worldview of Islam is not based upon philosophical speculation formulated mainly from observation of the data sensible experience, of what is visible to the eye nor it is restricted to the world of sensible experience, the world of created things. Islam does not concede to the dichotomy of the sacred and the profane. He says that the worldview of Islam encompasses both al-dunya and al-akhirah, in which the dunya-aspect must be related in profound and inseparable way to the akhirah-aspect, in which the akhirah-aspect has the ultimate and final significance. The dunya-aspect is seen as preparation for the akhirah-aspect without thereby implying any attitude of neglect or being unmindful of the dunya-aspect. What is meant by 'worldview' according to the perspective of Islam, is then the vision of reality and truth that appears before the mind's eye revealing what existence is all about;...
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...What is the remedy? Reformational worldviews and Islamic worldviews are very differing in their perspectives on remedies to certain problems. Just as both these groups would view the problems differently, they also view the solutions differently. The Reformational worldview calls us to understand those who have differing views than us and to love those that we may find unlovable, or our “enemies.” Dr. Martin Luther King Jr. calls us to view the enemy in a loving way. He said that we have the Christian and moral responsibility to discover and live out the calling to love thy enemy. Hatred only produces more hatred. Just as MLK says that loving the enemy can help break down the barrier of hatred, this is also a Reformational’s remedy. Matthew 5:44 calls us to “love your enemies and pray for those who persecute you.” Just as God loves us through our flaws, we should show love to others, even if with disagree with them. Moreover, God created mankind in His image. Instead of seeing someone with different perspectives negatively, we should see them as image bearers of God. God still loves them as much as He loves us....
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...Maximum | Part time | 2 academic years | 4 academic years | 5 academic years | Full time | 1 1/2 academic years | 2 academic years | 3 academic years | 28 credit hours of coursework + 12 credit hours of dissertation Entry Requirements Programme Structure The Masters in Accounting programme comprises of 28 credit hours of coursework (10 courses) and 12 credit hours of dissertation. Core Courses Course Code | Course Name | ACC 6610 | Financial Accounting And Reporting | ACC 6620 | Managerial Accounting | ACC 6630 | Accounting Theory And Policy | ACC 6640 | Islamic Worldview And Accounting Ethics | ACC 6810 | Islamic Accounting And Finance | ACC 6820 | Accounting Research Methods | ACC 6650 | Introduction to Library Search & Academic Writing | ACC 6660 | Literature Review | | | Elective Courses Course Code | Course Name | ACC 6830 | Accounting For Islamic Institutions | ACC 6840 | Issues In Auditing | ACC 6850 | Issues In Taxation | ACC 6860 | Issues In Public Sector Accounting | A candidate shall be required to pass all the courses with at least a "B" grade and attain a minimum a CPGA of 3.00. In certain circumstances, a candidate may be required to take pre-requisite courses. Dissertation (12 Cr. Hrs.) After completing all the courses, students will proceed with a dissertation before they could graduate. The research proposal will be specifically developed in their Accounting Research Methods course (i.e. ACC 6820)...
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...Benefits The idea of Islamic banking was initiated and brought up by some economists who were conscious about socio economic development of Muslim nations based on Islamic principles. It was based on noble vision and objective of Islamic banking base on profit and loses sharing principle. The foundation of Islamic banking theory that they proposed was based on mudaraba and musharakah contracts as mechanism to operate Islamic banking system. “The early contributions on the theory of Islamic banking were only discussed as part of the subject in Islamic economic system. For example, the book by Qureshi on Islam and the Theory of Interest (Qureshi (l946)) which looked upon banking as a social service that should be sponsored by the government like other public institutions such as public health and education.2 His view was based on the point that the bank could neither pay any interest to account holders nor charge any interest on loans advanced. He also suggests the possibility for both Islamic banks and entrepreneur to create a partnership. No mention was made of profit-sharing.” Other economists were come up with different ideas at earlier stages such “the principle of mudarabah was appealed systematically by Uzair (l955). His main contribution lay in suggesting mudarabah as the main premise for 'interest less banking'. However, his argument that the Islamic bank should not make any capital investment with its own deposits rendered...
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...Muna Mohamed David G. Phil 1125 April 6, 2016 Any verbal denial of any principle of Muslim belief is considered apostasy. If one denies the unity of God or declares to a belief in reincarnation, then that person is guilty of apostasy. Apostasy means, to abandon the religion or a religious principle after accepting it. Moreover, Al-Ghazali was known as one the most influential thinkers in the history of Islam and his aim was to bring humanity closer to God. He was viewed as a faithful Asharite theologian in which one who believes that God is the only direct and indirect cause of actions. In this paper, we will examine Al-Ghazali’s reasons of the three teachings on which the philosophers are guilty of apostasy, and review ibn-Rushd’s defense of philosophy in the Decisive treatise, and decided whether ibn-Sina should be considered an apostate. Al-Ghazali illustrates three philosophical teachings that were apostasy and unorthodoxy. One of the first point is the philosopher’s belief in the eternity of the world. In other words, philosophers claim that the world is eternal and that the emanation of the first intellect and other beings happens because of the necessary causation of God’s essence, therefore the world as a whole is coexistent and coeternal with God. Ibn Sina believed that God does not have knowledge of the specifics of everything that takes place, rather he is is only aware of what takes place in the general sense. Ghazali replies to this saying that God’s creation...
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...Courtney Friedman Term Paper: International Terrorism (Due Week 10) Professor Smith 5/23/14 CRJ 440 Terrorism, it is a well-known term, every person has all heard of it, but yet do we really know what it is. Terrorism is in the eyes of most, a meaningless hate crime, which has no true reason behind it. The terrorism mindset is people who want to create terror among civilization. They are trained to disturb peace, and to break social harmony. Terrorism is also a horrible threat to the modern world and modern society. It has become a problem around the world, not just in the United States. Many innocent people are killed by terrorist and their acts of terrorism. An individual can see terrorism in multiple forms, but not limited to: Bombing, hijacking, cross border terrorist activities and massacres on a massive scale, in addition to many others not listed. Its consequences are very frightening. Though much effort is put into eliminating terrorism, it is impossible to get rid of it until some strict laws are devised. Whenever and wherever society is victim to brutality, injustice, wrongs and intolerance, terrorism cannot be eradicated. There are many terrorist groups out there, of many different origins and sects. The group that will be discussed is Al Qaeda, which is the most well-known out of the groups listed. The questions and statements that will be answered and debated are: 1.) A brief explanation of Al Qaeda and the summarization of its origins, 2.) Al Qaeda's major...
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...Vol. 1 No. 6 June 2013 SHARIAH GOVERNANCE FOR ISLAMIC CAPITAL MARKET: A STEP FORWARD Nawal Kasim Accounting Research Institute, Faculty of Accountancy UniversitiTeknologi MARA, Shah Alam, Malaysia Sheila Nu NuHtay Institute of Islamic Banking and Finance International Islamic University Malaysia, Gombak, Malaysia Syed Ahmed Salman PhD. Candidate and research assistant at Institute of Islamic Banking and Finance, International Islamic University Malaysia, Kuala Lumpur Sponsored or supported by: ARIHICoE Research Grant Abstract Since the last few decades, Islamic finance industry has developed tremendously penetrating not only the Muslim countries but surprisingly the non-Muslim countries as well. It has been acknowledged by the scholars on the need for this development to cater for the Islamic banking, Takaful and Islamic capital market industries. These three main industries are interrelated and dependent on each other in order to ensure that the whole Islamic financial system is in compliance with the Islamic principles. Among these three streams of the service industry, the Islamic capital market plays a crucial role to support the other two. Since Islamic banks and Takaful operators have to invest to provide the benefits to the investors and policy holders which are compatible with the conventional counterparts, the Islamic capital market is assumed to be the backbone for the two to survive and grow in the Islamic finance industry. Country such as Malaysia has issued...
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...Critical assessment of four financial instruments in the Islamic financial markets Raja Shahridatul Dewa Binti Raja Musa C070187 This project paper is a partial fulfillment of Module IB2001of Part 2 of Certified Islamic Finance Professional (CIFP) INCEIF September 2008 Critical assessment of four financial instruments in the Islamic financial markets Raja Shahridatul Dewa Binti Raja Musa Abstract There has been remarkable growth in the Islamic finance industry and seen double-digit growth in recent years. Increasing numbers of Islamic financial institutions are attempting to penetrate the international markets in meeting the global demands for Islamic finance. This calls for the development of innovative Islamic financial instruments which are shariah compliant that represent as alternatives to conventional instruments covering areas of Islamic banking, Islamic insurance, Islamic equities and Islamic bonds/sukuk. A parallel development of Islamic financial markets should also take place that look into the aspect of liquidity and cash flow management. At the same time legal and regulatory requirements are needed to ensure the smooth functioning of Islamic financial institutions. Given the uniqueness of the operations and transactions comprising contractual arrangements and instruments, it is critical for Islamic financial institutions to identify specific risks...
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...Accounting Knowledge in Islamic Banking and Finance: Rethinking Critical Accounts Author(s): Bill Maurer Reviewed work(s): Source: The Journal of the Royal Anthropological Institute, Vol. 8, No. 4 (Dec., 2002), pp. 645667 Published by: Royal Anthropological Institute of Great Britain and Ireland Stable URL: http://www.jstor.org/stable/3134937 . Accessed: 27/02/2012 02:27 Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at . http://www.jstor.org/page/info/about/policies/terms.jsp JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range of content in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new forms of scholarship. For more information about JSTOR, please contact support@jstor.org. Royal Anthropological Institute of Great Britain and Ireland is collaborating with JSTOR to digitize, preserve and extend access to The Journal of the Royal Anthropological Institute. http://www.jstor.org ANTHROPOLOGICAL AND ACCOUNTING KNOWLEDGE IN ISLAMIC BANKING AND FINANCE: RETHINKING CRITICAL ACCOUNTS BILL MAURER Universityof Californiaat Irvine Accounting for accounting demands renewed attention to the knowledge practices of the accounting profession and anthropological analysis. Using data and theory from Islamic accountancy in Indonesia and the global network of Islamic financial engineers...
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...Universitas Islam Indonesia Faculty of Economics INTERNATIONAL PROGRAM Syllabus Accounting for Islamic Banking Lecturer: Muhammad Akhyar Adnan, PhD, MBA., Ak. E-mail: akhyar@fe.uii.ac.id Phone: +62 274 881546 Credit (SKS): 3 Prerequisites: Intermediate Accounting, or at least an Introduction to Accounting in conventional perspective. It is preferable that students have passed accounting theory. Consultation times: By appointment Class Duration Two and a half hours per week for 12 weeks One to one and a half hours of the time is used for lecture or seminar and the remainder for tutorial or small group work activities. Subject Overview Since the mid 20th century, there has been a serious effort within Muslim societies to apply fully the Islamic tenets in their daily lives. This includes the application of Islamic economic teachings, as discussed variously in many verses of the holy Qur’an, in the ahadith, as well as exemplified in the real life of prophet Muhammad (M.P.B.U.H) and his companions. The most vivid example of this effort can be seen in the establishment of Islamic financial institutions such as banks, insurance companies, capital markets, mutual funds and so forth, both in Muslim and non-Muslim countries. The proliferation and growth of Islamic banks particularly, both nationally and internationally, has been remarkable. Islamic banks now stand side by side with their conventional counterparts in more than 150 countries...
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...Akiva Lorenz in his essay “Al Qaeda's Maritime Threat” touches on some of the vulnerabilities of various transportation systems to Al Qaeda's asymmetric warfare, and then he moves to his main topic- Maritime Security. To date there have been three major successful terrorist attacks on maritime targets. The first was the 2000 attack on USS Cole while it was making a refueling stop in Aden, Yemen. The second was the 2002 attack on the French oil tanker USS Limburg while it was anchored off Yemen. Al Qaeda on the USS Cole and USS Limburg used small explosive loaded boats to attack their target. Usage of merchant vessels to facilitate terrorist attack is one of the four ways vessels can serve/ be used as weapon. The third major attack, and probably the one least familiar to Westerners, was the 2004 attack in the Philippines on Super Ferry 14. Mr. Lorenz uses these as stepping off points for his article and states that Maritime Terrorism is not well defined by International Law (terrorism is not well defined either) and given this lack of definition points out acts that might fall under "Maritime Terrorism": …the grey areas are cases of kidnap-for-ransom incidents, such as the May 2001 abduction of three American citizens and 17 Filipinos at the Dos Palmas resort on Palawan by Abu Sayyaf Group (ASG), an Al Qaeda affiliate. Motivated by the need to finance their political aims, ASG repeatedly perpetrated such acts of piracy. Their actions are an example of the blurring of the distinction...
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...Islamic Banking Malek Alraddadi 02-24-2014 FIN-610 Introduction This study debates upon the history of Islamic banking. What are the ethical issues involved in the implementation of Islamic banking. Since the birth of Islam what type of steps are taken and by whom these measurements were taken. Besides this this paper also declares the response and customers point of view regarding Islamic banking with the help of different studies. History of Islamic banking The term Islamic banking got regular in the 1960's, however the systems and thoughts of the framework were suggested and operated since the beginning of Islam. Numerous studies and explores have indicated that Islamic money components were utilized within the Muslim world all around the Middle Ages; in leading exchange and business exercises. Charging investment on credits was not regular in those days. The first run through investment bearing credits were generally utilized within the Muslim world, particularly in the Middle East, was throughout the Ottoman Empire's governed in the fifteenth century. Mehmet Ebusuud Efendi, the senior Islamic minister of the Ottoman Empire, issued a fatwa (decision) permitting the charging of investment and thinking of it halal (allowable) as long as it was underneath 10%. Despite the fact that it was clear in The Holy Quran that investment was strictly disallowed, practically nobody could challenge the senior Islamic priest's decision since testing him might mean testing the...
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...Introduction Unlike conventional economics which focuses on profit maximization, the Islamic economic system aims at the “study of human falah achieved by organising the resources of earth on the basis of cooperation and participation (Akram Khan, p.55).” In other words, the Islamic economic system aims at attaining Allah s.w.t’s pleasure, while pursuing economic activities within the boundaries of the Islamic shariah. The Islamic shariah puts a heavy importance on the well being of the community and social justice. Thus, this also means the prohibition of interest. The prohibition of interest is one of the main factors that put Islamic economics in distance with the conventional economics. Because of this difference in nature, Islamic Financial Institutions (IFIs) have different types of contracts as practiced by conventional financial institutions. One of the types of contracts entered by IFIs is the Ijarah contract. Ijarah contracts are also known as Islamic leasing. Basically, this study is done in order to understand more the nature of leasing according to Islamic principles, and at the same time, the differences of ijarah with conventional leasing. In addition, this study also aims to identify the types of ijarah practiced by IFIs in Malaysia and also to see how Malaysian IFIs disclosed their ijarah financing in comparison to their counterparts in Bahrain IFIs. This is because as one ummah, it is important to have a standardized standard that is Shariah compliant...
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... |ID | |Fahamida Sultana |B-101875 | |Rabeya Bashry |B-101876 | Batch : 30th Semester : 8 Course Teacher : Md. Ataur Rahman Course Teacher Course Code : 4804 Course Title : Strategic Human Resource Management [pic] DBA, IIUC, DC Date of Submission: 5th January, 2014. LETTER OF TRANSMITTAL January 05, 2014 To Ataur Rahman Course Teacher Department of Business Administration International Islamic University Chittagong Dhaka Campus. Subject: Submission of Assignment. Dear Sir, This is a great pleasure to submit the assignment on Islami Bank Bangladesh Ltd. as the...
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...Bulletin of Islamic Area Studies, 1-2 (2007), pp. 38-53 Islamic Microfinance: A Missing Component in Islamic Banking Abdul Rahim ABDUL RAHMAN 1. Introduction Microfinance means “programme that extend small loans to very poor people for self employment projects that generate income in allowing them to take care of themselves and their families” (Microcredit Summit, 1997). The World Bank has recognized microfinance programme as an approach to address income inequalities and poverty. The microfinance scheme has been proven to be successful in many countries in addressing the problems of poverty. The World Bank has also declared 2005 as the year of microfinance with the aim to expand their poverty eradication campaign. The main aim of the paper is to assess the potentials of Islamic financing schemes for micro financing purposes. The paper argues that Islamic finance has an important role for furthering socio-economic development of the poor and small (micro) entrepreneurs without charging interest (read: riba’). Furthermore, Islamic financing schemes have moral and ethical attributes that can effectively motivate micro entrepreneurs to thrive. The paper also argues that there is a nexus between Islamic banking and microfinance as many elements of microfinance could be considered consistent with the broader goals of Islamic banking. The paper, first, introduces the concepts of microfinance, and presents a case for Islamic microfinance to become one of the components of Islamic banking...
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