Weight | 0.21 kg |
---|---|
Product Type | Book |
Author | |
Publisher | CERT |
Pages | 113 |
ISBN | 97898342785-64 |
A Mini Guide to Accounting for Islamic Financial Products – A Primer (Pocket size) (P/B)
RM40.00
This “A Mini Guide to Accounting for Islamic Financial Products” starts with the development of Islamic finance as well as accounting standards and development of AAOIFI which aims to develop standards on accounting, auditing, ethics and governance and disseminate them on the target market.
The guide also highlights selected accounting issues addressed by AAOIFI : substance over form, prudence, mudarabah investment accounts and asset valuation. This is followed by how information of financial statement of an Islamic bank helps its major users, like equity holders, holders of investment accounts, regulatory agencies and others.
The guide also points out the main differences in the presentation of financial statements of Islamic Financial Institutions. Among them are: how assets are defined and inclusion of equity of unrestricted investment account holders. The differences arise as a result of utilizing a Shari’ah compliant contract to bring into effect a particular product.
The last section discusses some of the more popular contracts such as murabahah, istisna’, ijarah, mudarabah and musharakah. A few case studies are also incorporated for different contracts to give more understanding on the topic to the readers.
Be the first to review “A Mini Guide to Accounting for Islamic Financial Products – A Primer (Pocket size) (P/B)” Cancel reply
You must be logged in to post a review.
Related Products
Banking: The Root Cause Of The Injustices Of Our Time (Revised Ed.)
The original 1987 Norwich seminar Usury: The Root Cause of the Injustices of Our Time, whose proceedings form the core of this work, had an extraordinary effect.
After the endless analyses and altercations of left and right to which we were accustomed, here was an argument that went to the core of the matter in one bound, and yet did so with a degree of scholarship and indeed erudition that was not cavalier. The result was electric. It was also well before its time.
Sukuk: Principles & Practices (P/B)
Sukuk are an important asset class which has captured the attention of a wide range of issuers and investors, regulators and sovereigns, and academics and market players. The sukuk industry has made remarkable leaps since its modern inception in the 1990s. It has grown in size and volume, evolved in structural possibilities, and successfully expanded the boundaries of the Islamic capital market to far-flung jurisdictions worldwide. Its promising future has led the International Shari’ah Research Academy for Islamic Finance (ISRA) and Securities Commission Malaysia (SC Malaysia) to collaborate to provide essential and comprehensive knowledge on this key instrument of the Islamic capital market.
The Hard Truth of Islamic Finance
What is the book all about? It seeks to strike a balance between objectives and expectations. While expectations are easy, meeting objectives is hard.
The book also aims at unlocking the real face of Islamic finance without any make-up or cosmetic touch-up. The moment it is linked to something external and artificial, it becomes cluttered.
For all intents and purposes, every discipline has its core torso and fabric. Islamic finance should have its own ‘DNA’ and identity. The book is simply about bringing Islamic finance back to its basics. You may add on additional verticals and layers but it cant be on the expense of its core foundation.
Management of Halal Food Quality
Management of Islamic-based development is a new mechanism in quality management including halal food quality. Considering the issue of integrity in halal food-quality management, efforts to empower the economy of the country through halal food are faced with obstacles and constraints. This book highlights issues commonly found in the management field. This is seen important as those in the management of halal food quality are sometimes trapped in issues that can tarnish Islam. The production of foods that are not pure in nature (halal status not genuine) can also have a negative effect on the morals and souls of Muslims.
Zakat and Poverty Alleviation (P/B)
This edited book aims to raise issues pertaining to the topic of zakat and its primary goal of poverty alleviation. It portrays the dynamism of zakat by highlighting pertinent issues on the management of zakat institutions and innovative programmes that are designed as effective distribution mechanisms. Discussions include zakat payment motives, ways to measure the efficiency of zakat disbursement, economic development initiatives, housing programme, microfinancing, and actual impact on poverty alleviation. The discussions raised put emphasis on policy-orientation with dedicated sections on policy implications and recommendations. This approach is deemed necessary since it could guide the thought process of interested parties towards the creation of new ideas to actualize zakat as a very reliable tool in addressing the massive problem of poverty among Muslim communities. This special feature also significantly adds to the much-needed reference materials in courses on zakat at the intermediate level of undergraduate studies and introductory level of postgraduate programmes.
The Book Of Revenue
Kitab al-Amwal (The Book of Revenue) is the work of a brilliant legal mind. Abu Ubayd al-Qasim ibn Sallam provides us with an accurate record of legal precedents laid down in the first two centuries of Islam, in particular those pertaining to the sources of revenue and the avenues of public expenditure. The power of the book, however, lies in the method of the author and the analysis undertaken by him. He gathers together the traditions of the Prophet (pbuh), the opinions of his companions, and the views of eminent jurists, and then subjects them to legal analysis that is unparalleled in Islamic legal literature. The book is essential for every student of Islamic law, especially those who wish to master the art of interpreting and analyzing legal traditions and early precedents. In the discipline known as fiqh al-sunnah, there is no book or manual that can compete with this outstanding work.
The Higher Objectives of Humanity
A video summary of this book can be found here: https://www.youtube.com/watch?v=YdNQxv_ODdc&t=26s This book discusses the why, what and how of Rahmatan lil-Alamin as the higher objective of humanity. It presents a practical understanding of the purpose of creation and humanity to improve the individual and collective well-being of Muslims and society. The intention is to re-introduce and re-emphasize the correct Islamic perspective of humanity. The first five chapters revisits the common understanding among Muslims as to why mankind is created. We show that the prevalent view that we are created to worship Allah (SWT) is incomplete. There is a higher and more noble purpose; Rahmatan lil-Alamin (mercy to the worlds). We next describe the what of Rahmatan lil-Alamin. The best role model of Rahmatan lil-Alamin is undoubtedly Prophet Muhammad (SAW), the last and final prophet and messenger, whom Allah (SWT) sent with a very clear purpose, “And We have not sent you but as a mercy to the worlds.” [21:107]. We present many examples from the history of Prophet Muhammad (SAW) and a collection of his (SAW) sayings and advice on being the best. The final chapters of the book deal with the how of Rahmatan lil-Alamin. We describe in detail how the Muslim can apply Rahmatan lil-Alamin daily in his or her life. We propose a practical model of Rahmatan lil-Alamin that we induced from the Quran. We also addressed how to apply Rahmatan lil-Alamin to a broader society by proposing a decision-making tool that can guide us as persons and as communities to make decisions that conform to the foundations and priorities of Rahmatan lil-Alamin. We present case studies from the history of the Companions using this decision-making model. This book seeks to establish a connection between Islam and civilization within a civilizational and ethical framework. We believe that a more proper and complete understanding of the Islamic view about humanity may present to us new perspectives of Islam and how Muslims should engage with fellow Muslims and people of other faiths. In fact, the implication of this new reinterpretation framework goes even further in that: any human civilization built on this framework is the most prosperous for the whole and also for the individuals in it.
Economic Security In Islam
This book is an English rendering of a popular Arabic book entitled Mushkala al-Faqr wa Kaifa ‘Aljiha al-Islam by the renowned Muslim Scholar ‘Yusuf al-Qaradawi. The author depicts the basic principles of the Islamic Economic System in the light of the Holy Qur’an and the Sunnah.
Tajdid, Islah and Civilization Renewal in Islam
The history of Islamic thought is marked by a continuous tradition of internal revitalisation and reform embedded in the principles of islah, and tajdid. The ultimate purpose has been to bring existing realities and social change in line with the transcendent and universal standard of the Qur’an and Sunnah through a process of restoration and reform. The tradition of islah-tajdid has thus consistently challenged the Muslim status quo and prompted fresh interpretation of the Qur an and Sunnah, understood and implemented through the methodologies of interpretation and ijtihad, as well as the rejection of unwarranted accretions to the original messages of Islam. The basic theme of the paper is that civilisational renewal is an integral part of Islamic thought. The paper looks into the meaning, definition and origins of tajdid and islah and their relationship with ijtihad, and how these have been manifested in the writings and contributions of the thought leaders of Islam throughout its history. It also develops tajdid-related formulas and guidelines that should lead the efforts of contemporary Muslims in forging the objectives of inter-civilisational harmony and their cooperation for the common good.
An Islamic Paradigm In Economics Vision And Mission
This book emphasises not only thoughts and theoretical concepts, but also discusses their application.
in the real world. Hence, it suggests that a holistic approach to economic development, which harmonises between material and spiritual well-being is not entirely idealistic but is, in fact, pragmatic and applicable.
Recently Viewed
Bedtime Prophet Muhammad Stories
Formerly known as The Prophet Muhammad Storybook-2
This book takes the reader back to the early days of Makkah when the Prophet reached manhood. It tells of how he became a successful merchant, married Khadija, a wealthy business woman, and then soon thereafter gave up all worldly activities in search of the truth. How he attained prophethood and began his mission is related in a series of fascinating stories. Everything is covered from the first revelation of the Quran by the Archangel Jibril, to the early preaching of the Prophet and the opposition of the people of Makkah.
There are no reviews yet.