Articles

Tribute, as a tax on land and a tool of policy making, had a profound effect on the economy of primitive Islamic governments. The auditing and estimating of tax was different in various areas, but, until the middle of the second century, the common system was survey. Later, the division system became fashionable. Although tribute exacting increased products and capital investment, there was also an inverse relationship between tribute exacting and productivity of land.

Investments on Islamic bonds (sukuk) give rise to a number of accounting and reporting issues related to recognition, measurement and disclosure. Proper development of the Islamic financial market requires a well regulated Islamic financial industry. The need for Islamic accounting that deals with Islamic financial instruments has prompted AAOIFI to introduce Financial Accounting Standard No.17 on investments in securities.

The Islamic banking industry makes significant contributions to the economic development process in Muslim countries. It offers an alternative, profit and loss sharing set of tools and products to conventional economies.

This article outlines the key necessary elements of options and futures contracts for Iranian economy and it briefly addresses the jurisprudential justification of these financial instruments from the Islamic point of view.The new financial instruments that recently came into the investment vocabulary are complicated and will be explicitly analyzed.

Islamic finance relies on the cardinal principle of profit and loss sharing (PLS) between stakeholders taking part in a risky economic activity.

Without clear exit routes, venture capital cannot be provided efficiently. In this paper, we present an incentive compatible exit strategy for Islamic venture capital finance. Micro enterprises, which avoid interest or need risk spreading, may find the model useful. The model is also of general relevance._x000D_ (Abstract provided by journal/author; www.islamic-finance.net)

There are multiple parties involved in a takaful contract. The present paper provides an analysis on the legal capacities of these contracting parties to

Not only does