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(Issue 56)
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| Comment |
Management:
Western or Japanese
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| Feature |
International
Accounting Regulation for Islamic Banks
In an Islamic banking cotext there is a potential role
for accounting standards (and for auditing) over and
above what is the case for the conventional firm. Simon
Archer (University of Surrey) and Noor Abid
(Ernst & Young) argue that non-observability of
accounting calculations becomes much less of a problem
if known rules (laid down by an accounting standard
body), are being followed and their correct application
is being monitored by independent auditors.
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Islamic
Finance
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New
Strategic Alliances
The end of the cold war era has made us think and act
globally and strategically. A new dimension has been
brought in; that is, the role of the market overshadows
the role of the state. Competition, efficiency and strategic
alliances are the language of the world today. These
rapid changes in the world economic scenario will require
new strategic alliances between Islamic financial institutions,
international university students and entrepreneurs
to implement Musharaka financing, writes Dr Saad
Al-Harran.
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Islamic
Banking
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Growth
of Islamic Banking in Bangladesh
The
successful operations of the Islami Bank and Al-Baraka
Bank in Bangladesh have established the fact that interest-free
banking is not only feasible but also very much profitable
from the economic, as well as social welfare, point
of view. Hussain Uz Zaman Chowdhury gives an
account of the banking sector in Bangladesh.
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| IIBI |
Executive
Development Programme
The Institute of Islamic Banking and Insurance's first
Executive Development Programme concludes. The Programme,
aimed at aiding the professional skills of personnel
involved in Islamic Banking and Finance, attracted the
participation of several key personnel from Islamic
Banks in Malaysia, Pakistan, and Bahrain. Consisting
of lectures and visits to major London financial institutions,
the two-week programme was hailed as valuable and insightful.
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| IIBI
Forum |
IIBI
Shariah Scholars provide answers to questions and issues
pertinent to Islamic banking
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| IIBI
News |
Report on Institutes Activities
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| News
Monitor |
New
Horizon reports on recent developments within the Islamic
financial world
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