The roots of the feminist movement in the West and its harmful effect on Western society, with special emphasis on how it has harmed the concept of marriage a few steps that Muslims can take to protect the ummah from the harmful elements of feminism.

                     The praise is due May peace and blessing is upon the last messenger of Allah, his families as well as the sahabas Ameen. The   ideology of feminism had great impacts on the Muslim civilizations, societies and the morality of an individual in a particular locality. The west had influence most of our Muslim women through their ideology of been equal with the men called gender equality both in the political, social responsivities, furthermore Islam in its totality does not refuse the idea of equity in the light of Islam, this is because Allah (S.W.T) has created from the single pair of a blood clot (Adam &Awa) however Islam views it in the different perspective looks it differently from the west perspective of feminism. From the point of views of Ecofeminists disagree that in circumstances, when women are abused by men in authority for their own self-interest, pleasure, and success.

                       Honour in the site of Allah is based upon taqwa not what man has done or women have to do. And this goes back to another concept of quality between man & woman. For the western world quality means the mind you share in daily life in terms of work, job etc. and our quality means religious and spiritual there can be no quality in the fig holes of men and women because men & women are not the same Allah says in the Quran man and woman are not the same and so we cannot compared two genders who have different roles, biologically, intellectually, physiologically, emotionally is a mistake in the first place don’t compare, Allah has given men roles that they are capable of doing and women role that are capable of doing.

                         First of all let me talk about the origins of the feminist movement in the west, as stated in their history and most of the known feminist movement, their leaders are most often middle- class white women originated in North America and Western Europe. Conversely, the American feminist who has given a speech in 1851, called Sojourner Truths.  Other women had endorsed another way of feminisms and this movement enhanced since the 1960s by means of the Civil Rights movement in the U.S and breakdown European colonization in Africa, some areas of Latin America, Caribbean and Southeast Asia. This is because women in those the colonial period  in Europe and other 3^rd the world had suggested “Post-colonial” and 3^rd world “ feminist, example  Alice Walker, Angela Davis is black feminists and Talpade Mohanty those are very critical Western feminisms of  believing that the people, customs and traditions of your own race or nationality are better than those of other races.  

                          The feminisms had drastically effect the western societies, leading them the west to fall on a lot of difficulties about oneself, environment, families and misconceptions, broken the bone of marriages, immorality in the society which is not in conformity with shariah and Islamic behaviours of an individual in the societies to maintain a peaceful environment. As been instructed by Allah and the prophet Muhammad (S.A.W). These are some of the effects it has on society. Individualism

      Competition

      The Reproductive right

      The Problem of sex roles

      The  incapability of the  society to attain to its Aims and ambitions

      Legal status of women in the society etc.

                             Firstly competition, as men to control the society, responsibility and affairs the community. Providing for the family their wellbeing and shelter, the feminist compete with the men in any responsibilities either from the society, family and political affairs leading them to disunity with men because of self-interest and materialistic.

                             Secondly reproductive right, the feminisms has gone so far to demand the right their family. Women decide the pregnancy to maintain and to aborts which is detrimental to society and encourage illegal sex leading them to fall on pornography. The child that Allah (S.W.T) ordain to live, you go so far to aborts it out for the reason of productive right some will die because of that ,  Allah (S.W.T) those  not give the right anybody to kill any human beings.

                             Thirdly of sex roles, Allah has given the roles of both men and women in the society, and responsibilities of each. That is why in Islam the men are ordered to pay the bride price to the women, her shelter, her clothing and children care of feeding but not the women why..? Because is his responsibility. The feminism views the men and women has all of them has equal right and responsibility because of the ideology 50; 50 whatever men can do we can do it better. western civilization looking down upon many things that are inherently women such as childbearing, taking caring of children, they called it housewife, most of the women feel they have been insulted saying I’m not housewife, where is the feeling came from the west. Can there be any job more noble in the sight of Allah then taking care of living beings, can you compare engineering with a mother, can you compare this with taking care of a beautiful innocent child has Allah had blessed you with, being in charge of it, why do we look down these roles.

                               Fourthly the incapability of the society to attained to its Aims and ambitions, the physical the strength that Allah (S.W.T) gives to men, is totally unlike the women example in the labour force, engineering, lifting of heavy metals, which will be really detrimental to women health because they are not physically strong like me. The Muslim women had been influenced by the west because of their ideologies of feminism which causes great harm to society and a healthy environment.

                                   Fifthly the legal status of women in the society, concerning the ideology of western feminism, if any Muslim women have this ideology in her from Islam the injunction  will be seriously damaging herself  both in spiritually  or physically has indicated by shariah legality status of the society.

                                   Furthermore the effect of the feminism on marriage, feminism has seriously affect the institution of Muslim, that their ideologies concerning marriage are direct in conflicting with the Islam injunction, according to the scholars of the era…

                                  Firstly polygamy, the ideology of equality between men and women is in direct conflict with the institution of marriages in our communities through the equality of the western ideology, they refuse to accept polygamy. They only accept monopoly single wife relation which affects us the Muslim to practice the Sunnah the prophet (S.A.W) encourage all the able men to marry up to four wives. They do not only affect us all humanity, this is why women do not want to hear second wife.

                                     Secondly respect, through this ideology of western feminism, women no longer respect their husband or take their advice of them which is not conformity with shariah. This is advice from the scholars that woman should not be left the house without her husband consent if she does it must be with genuine reason and which the west feminism does, which causes a lot of divorces and difficulties facing  by the husband in their  marriages which seriously affected them. The husband will feel so low because the wife those not give the utmost respect he deserved as the head of the family.

                                       Thirdly problems of developing the personality of the children, the theory of family permitted both husband and the wife to go there and work out in any means to get the sustenance which has a greater impact on bringing up the children if the mother is at work who will be looking after her children for her. If it is an individual who lacks morality and Islamic teaching surely she conspires or turns your children into something you cannot believe and also the children can be influenced by a friend either good or bad. When the be with his/her children she will able to their companion that she is moving with. A good companion and motherly time advice, love and caring the will in save hand by the will of Allah. Allah (S.W.T) has that of the responsibility of a mento fine the means and feed his family.

                                          Fourthly family system, the feminism has gone so far in the affecting lineage of the system of the family with their of single the family system is known as the nuclear family system, and they encourage and promote it and go against the extended system family which is encouraged by shariah. As our noble prophet Muhammad (S.A.W) encourage us to do it.

                                        In conclusion there are a few steps the Ummah need to take to stay away from the harmful effect feminism. Firstly we must go back to the Quran and Sunnah what did the Allah and his messenger says concerning men and women in the society, their roles and responsibilities. Secondly, the scholars of the Ummah had make people aware of the harmful effects of the feminism and educated them through using workshops, conferences, media,  and our schools  both low levels and senior level with that I jest the problem will be solved In sha Allah.

Bibliography

daily mail. (2016, April 25). Retrieved from How feminism has harmed women, by Fay Weldon: http://www.dailymail.co.uk/news/article-3556894/How-feminism-harmed-women-Fay-Weldon-Author-says-suffered-work-not-want-to.html#ixzz50n2pbYlN

Did Feminism cause divorce? (x 2011, 25 25). Retrieved from HuffingtonPost: https://www.huffingtonpost.com/jill-brooke/did-feminism-cause-many-d_b_836327.html

Feminism. (2017, April 5 ). Retrieved from new world encyclopedia: http://www.newworldencyclopedia.org/entry/Feminism

Islamic feminism. ( 2017, December 1). Retrieved from Wikipedia: https://en.wikipedia.org/wiki/Islamic_feminism

Ribeiro, B. ( 2014). A Discourse of Gender Justice and Equality. Linfield College.

Western feminists can learn from Afghan women . (2009, May 06). Retrieved from Islamic: http://www.islamicity.org/3529/western-feminists-can-learn-from-afghan-women/

The roots of the feminist movement in the West and its harmful effect on Western society; with special emphasis on how it has harmed the concept of marriage and few steps that Muslims can take to protect the ummah from the harmful elements of feminism.

                     The praise is due May peace and blessing is upon the last messenger of Allah, his families as well as the Sahabas Ameen. The   ideology of feminism had great impacts on the Muslim civilizations, societies and the morality of an individual in a particular locality. The west had influence most of our Muslim women through their ideology of been equal with the men called gender equality both in the political, social responsivities, furthermore Islam in its totality does not refuse the idea of equity in the light of Islam, this is because Allah (S.W.T) has created from the single pair of a blood clot (Adam &Awa) however Islam views it in the different perspective looks it differently from the western perspective of feminism. From the point of views of Ecofeminists disagree that in circumstances, when women are abused by men in authority for their own self-interest, pleasure, and success.

                       Honour in the site of Allah is based upon taqwa not what man has done or women have to do. And this goes back to another concept of quality between man & woman. For the western world quality means the mind you share in daily life in terms of work, job etc. and our quality means religious and spiritual there can be no quality in the fig holes of men and women because men & women are not the same Allah says in the Quran man and woman are not the same and so we cannot compared two genders who have different roles, biologically, intellectually, physiologically, emotionally is a mistake in the first place don’t compare, Allah has given the  men a role that they are capable of doing and women role that are capable of doing.

                         First of all let me talk about the origins of the feminist movement in the west, as stated in their history and most of the known feminist movement, their leaders are most often middle- class white women originated in North America and Western Europe. Conversely, the American feminist who has given a speech in 1851, called Sojourner Truths.  Other women had endorsed another way of feminisms and this movement enhanced since the 1960s by means of the Civil Rights movement in U.S and breakdown European colonization in Africa, some areas of Latin America, Caribbean and Southeast Asia. This is because women in those the colonial period  in Europe and other 3^rd the world had suggested “Post-colonial” and 3^rd world “ feminist, example  Alice Walker, Angela Davis is black feminists and Talpade Mohanty those are very critical Western feminisms of  believing that the people, customs and traditions of your own race or nationality are better than those of other races.  

                          The feminisms had drastically effect the western societies, leading them the west to fall on a lot of difficulties about oneself, environment, families and misconceptions, broken the bone of marriages, immorality in the society which is not in conformity with shariah and Islamic behaviours of an individual in the societies to maintain a peaceful environment. As been instructed by Allah and the prophet Muhammad (S.A.W). These are some of the effects it has on society. Individualism

      Competition

      The Reproductive right

      The Problem of sex roles

      The  incapability of the  society to attain to its Aims and ambitions

      Legal status of women in the society etc.

                             Firstly competition, as men to control the society, responsibility and affairs the community. Providing for the family their wellbeing and shelter, the feminist compete with the men in any responsibilities either from the society, family and political affairs leading them to disunity with men because of self-interest and materialistic.

                             Secondly reproductive right, the feminisms has gone so far to demand the right their family. Women decide the pregnancy to maintain and to aborts which is detrimental to society and encourage illegal sex leading them to fall on pornography. The child that Allah (S.W.T) ordain to live, you go so far to aborts it out for the reason of productive right some will die because of that ,  Allah (S.W.T) those  not give the right anybody to kill any human beings.

                             Thirdly of sex roles, Allah has given the roles of both men and women in the society, and responsibilities of each. That is why in Islam the men are ordered to pay the bride price to the women, her shelter, her clothing and children care of feeding but not the women why..? Because is his responsibility. The feminism views the men and women has all of them has equal right and responsibility because of the ideology 50; 50 whatever men can do we can do it better. western civilization looking down upon many things that are inherently women such as childbearing, taking caring of children, they called it housewife, most of the women feel they have been insulted saying I’m not housewife, where is the feeling came from the west. Can there be any job more noble in the sight of Allah then taking care of living beings, can you compare engineering with a mother, can you compare this with taking care of a beautiful innocent child has Allah had blessed you with, being in charge of it, why do we look down these roles.

                               Fourthly the incapability of the society to attained to its Aims and ambitions, the physical the strength that Allah (S.W.T) gives to men, is totally unlike the women example in the labour force, engineering, lifting of heavy metals, which will be really detrimental to women health because they are not physically strong like me. The Muslim women had been influenced by the west because of their ideologies of feminism which causes great harm to society and a healthy environment.

                                     Fifthly the legal status of women in the society, concerning the ideology of western feminism, if any Muslim women have this ideology in her from Islam the injunction  will be seriously damaging herself  both in spiritually  or physically has indicated by shariah legality status of the society.

                                     Furthermore the effect of the feminism on marriage, feminism has seriously affect the institution of Muslim, that their ideologies concerning marriage are direct in conflicting with the Islam injunction, according to the scholars of the era…

                                    Firstly polygamy, the ideology of equality between men and women is in direct conflict with the institution of marriages in our communities through the equality of the western ideology, they refuse to accept polygamy. They only accept monopoly single wife relation which affects us the Muslim to practice the Sunnah the prophet (S.A.W) encourage all the able men to marry up to four wives. They do not only affect us all humanity, this is why women do not want to hear second wife.

                                     Secondly respect, through this ideology of western feminism, women no longer respect their husband or take their advice of them which is not conformity with shariah. This is advice from the scholars that woman should not be left the house without her husband consent if she does it must be with genuine reason and which the west feminism does, which causes a lot of divorces and difficulties facing  by the husband in their  marriages which seriously affected them. The husband will feel so low because the wife those not give the utmost respect he deserved as the head of the family.

                                       Thirdly problems of developing the personality of the children, the theory of family permitted both husband and the wife to go there and work out in any means to get the sustenance which has a greater impact on bringing up the children if the mother is at work who will be looking after her children for her. If it is an individual who lacks morality and Islamic teaching surely she conspires or turns your children into something you cannot believe and also the children can be influenced by a friend either good or bad. When the be with his/her children she will able to their companion that she is moving with. A good companion and motherly time advice, love and caring the will in save hand by the will of Allah. Allah (S.W.T) has that of the responsibility of a mentor, find the means and feed his family.

                                          Fourthly family system, the feminism has gone so far in the affecting lineage of the system of the family with their of single the family system is known as the nuclear family system, and they encourage and promote it and go against the extended system family which is encouraged by shariah. As our noble prophet Muhammad (S.A.W) encourage us to do it.

                                        In conclusion there are a few steps the Ummah needs to take to stay away from the harmful effect feminism. Firstly we must go back to the Quran and Sunnah what did the Allah and his messenger says concerning men and women in the society, their roles and responsibilities. Secondly, the scholars of the Ummah had make people aware of the harmful effects of the feminism and educated them through using workshops, conferences, media,  and our schools  both low levels and senior level with that I jest the problem will be solved In sha Allah.

Bibliography

daily mail. (2016, April 25). Retrieved from How feminism has harmed women, by Fay Weldon: http://www.dailymail.co.uk/news/article-3556894/How-feminism-harmed-women-Fay-Weldon-Author-says-suffered-work-not-want-to.html#ixzz50n2pbYlN

Did Feminism cause divorce? (x 2011, 25 25). Retrieved from HuffingtonPost: https://www.huffingtonpost.com/jill-brooke/did-feminism-cause-many-d_b_836327.html

Feminism. (2017, April 5 ). Retrieved from new world encyclopedia: http://www.newworldencyclopedia.org/entry/Feminism

Islamic feminism. ( 2017, December 1). Retrieved from Wikipedia: https://en.wikipedia.org/wiki/Islamic_feminism

Ribeiro, B. ( 2014). A Discourse of Gender Justice and Equality. Linfield College.

Western feminists can learn from Afghan women . (2009, May 06). Retrieved from Islamic: http://www.islamicity.org/3529/western-feminists-can-learn-from-afghan-women/

How to improve your note-taking skill using mapping and some productive ways of mapping that helped you Share an example using the text from The Sealed Nectar.

                  All praise is due to Allah, may peace, salutation and the blessing be upon the prophet Muhammad (ﷺ), his entire family, his companions and those that follow their footsteps with righteous until the last day. Indeed, note-taking in more summarizing, the simple way he contributed immensely to the development of Muslim Ummah via using the most proponent way of doing your work; school lecture of the various institution, secondary, tertiary institutions, workshop and other educational programs. Moreover, note-taking make things easy for the participants for betterment understanding and increasing listening power, picking of main points from the example and other articles.

               Firstly note taking has given me more productive ways of taking notes from course lecture notes in more comfortable for me and for others also will be much easier to be carried out without much struggling example workshop, meetings of various kinds, new innovative procedure to be in establish the innovative ideas in your business, company, educations and financial institutions way using the following elements example using mapping methodologist but I will take the example from the lineage of our beloved prophet (ﷺ ) in the sealed nectar  In Shaa Allah using this element are:

1.      Using the graphic organizer

2.      Using the Diagram

3.      Using Visual

                Firstly graphic organizer makes the work very easy for note-taking using of the graphic organizer. Nevertheless, using make much presentable, convenient and understandable in order to save the time and too much effort in getting the work done in, more summarizing, concise and comprehensive way. Moreover, this has increased my listening power, focus and apply the strategies using graphic organizer during my live session base on any of my course lecture, watching and listening to my course lectures which have contributed immensely to the enhancement of my skills and the professional development.

              Secondly diagram, using the diagram also makes putting the information more convenient way, more comprehensive and summarizing using of diagrams in more systematic way to present the information either from school lecture, organizational meetings and PTA meeting in the schools. Moreover, the information put will be follow the hierarchy base on the course modules stating from the main title and its subtitles after that has been identified then you will be enabled to put it in diagram format in a more comprehensive way which after the particular the lecture you can explain to anybody in using this comprehensive platform. Furthermore, note-taking using the above methodologist which makes the life note taking more convenient for me but there are other methods which are also active way of taking note for that reason my focus is on note-taking via mapping technique.

                    Thirdly visual, using visual during the note taking which also an excellent means of organizing the needed information it is indeed helpful to recognize the information collected from either the course lecture note, live session, watching of course videos and listening after using via the method mentioned above to restructure or recognized the information collected in an excellent manner and preserved the note for the better understanding, concision   and comprehensive method e.g. concerning the history of our beloved prophet Muhammad (ﷺ ) for better the understanding family hierarchy from Hisham  to his generational family without much challenge to explain the search 0f the prophet Muhammad (ﷺ) using any of above note taking strategies. Furthermore, this note-taking strategy has helped me to have the inability to explain the history of prophet Muhammad very well via mapping method of note-taking strategy, this will be discussed below In Shaa Allah.

                   Therefore, this note-taking the strategy has indeed help me to take note of any lectures which have improving me a lot. Moreover, not only that it makes me be innovative in taking note via using the above-mentioned strategies to develop strong methods for continue progression and innovation in note-taking via using the mapping method through the use of graphic, diagram and visual in taking the note in a more comprehensive way and brief means of the information receiving or collected and writing it down in a more understandable way. As a result, find a noble history (Seerah) of our beloved prophet from the time of his great grandfathers to his generation; this is shown below from the Sealed Nectar.

                      In conclusion, note taking using the mapping method is one of the methods of notetaking through which the person can summarize the large data or lineage via using method and present it via using the elements of mapping, using chats to present the lineage of our beloved and it lineage or genealogy in a virtual form for more understanding and enhancing the capacities in visualizing any proposed work to be draft and having the capabilities to analyze. Moreover, graphic the organizer has much presentable, convenient and understandable in order to save the time and too much effort in getting the work done at the right date and time. Finally using the diagram also makes putting the information more convenient way, more comprehensive and summarizing for the easy understanding for everybody either weak or strong and high-level PH degree holders and senior school certificate or bachelor degree holders.

                      Therefore, note-taking by using of mapping has made things easy for anybody either a student or a worker in any institution must utilize the technique of note taking which make the educational process easy for me to transform the society via introducing these methods of note-taking in order to make things easy for them during their cost of study from junior, secondary, colleges, and universities throughout the world. Furthermore, from the above lineage of the prophet Muhammad (ﷺ) up to his own children, please note that I have selected son from his to generation thank you very I will stop here Jazakallahu  Khair wa salam.  

Bibliography

al-Mubarakpuri, S. R. (n.d.). Ar-Raheeq Al-Maktoum (The Sealed Nectar).

UNIVERSITY, G. V. (2018, August 21). STUDENT ACADEMIC SUCCESS CENTER. Retrieved from gvsu.edu: https://www.gvsu.edu/sasc/note-taking-and-concept-mapping-117.htm

How Murabaha assets are measured? With hypothetical example, prepare accounting report for recognition of Murabaha financing assets.

                  

 All praise is due to Allah, may peace, salutation and the blessing be upon the prophet Muhammad (ﷺ), his entire family, his companions and those that follow their footsteps with righteous until the last day. Indeed measurement of the Murabaha capital has contributed immeasurably at upon the Acquisition of Assets. Therefore, I will be given the highlights of how the Murabaha assets of the organization have been recognizing by the banks and other financial institutions throughout the history of the Murabaha Capital recognition principle that has been implemented at price discount if obtained after the acquisition. Moreover, the Murabaha Capital recognitions principles of accounting and measurement and upon financing the customer. Furthermore, Murabaha Financing will be the outlet of recognition will be highlighted first after that the Murabaha Assets recognition which are based on three main focal points that are:

 

                                                      

 

)      The Murabaha Assets recognition principles Upon the Acquisition of the Assets.

2)      The Murabaha Assets recognition principle at price discount if obtained after acquisition.

3)      The Murabaha Assets recognition principle upon financing the customer.

                     Firstly, the Murabaha assets recognition principles upon the acquisition of the assets is in three forms or category with an obligation, without an obligation and provision. Surely, upon acquisition of assists with an obligation the, Murabaha assets must be measured at the impaired or lower historical cost not to overvalue farsightedness and to defend the purchaser for that the reason the Murabaha assets upon acquisition of assets with an obligation have to lower their historical cost and protect their buyer or purchaser. Moreover, upon acquisition of Assets without any obligation, the Murabaha assets must be measured at the cash equivalent value of upon acquisition of assets that will reflect the current value and defend the financier or the bank in measuring the Murabaha assets without any obligation. 

Finally, the provision of upon acquisition of the Murabaha assets reflect any decline in between the cash equivalent value and the acquisition cost  of in measuring of the Murabaha assets with the used of the provision to reflect the changes in between them. Finally, according to the AAOFI standard it necessitates that available for sale after the acquisition on the basis of Murabaha must be measure at their historical cost. Therefore Islamic financial institutions must make disclose of note on the financial statement if the Islamic bank or Islamic financial institution has made a provision in that the period in operation for the decline in value of the Islamic financial institution assets. 

 

                   Secondly, the Murabaha assets recognition principle at the discount price if obtained after the acquisition in measuring the Murabaha assets must not be treated as returns or revenue however to diminish the cost of the pertinent or relevant  goods except approved via SSB or Islamic bank’s Shariah supervisory board according to the AAOFI standard. Moreover, this is very helpful for the bank to measure the Murabaha assets to discount their pertinent goods without approval from SSS to give the bank ability to maintain the stability in executing the measurement of the Murabaha Assets. 

Furthermore, there are two different transactions instruments in Murabaha financing. Islamic bank has been the first to perform this transaction to purchase the asset from the developer than an Islamic bank will record this to it accounts book by debiting the purchased asset and crediting the cash expend on the asset purchase from the developer and secondly Islamic bank than sell the same to asset purchase from the developer to the customer or the client and finally, the Islamic bank will debit cost plus profit which the Murabaha financing; credit the cost of the asset and also credit deferred profit, then the marked up to the amount from Murabaha financial 

  Thirdly, the Murabaha assets recognition principle upon financing the customer which mean the bank or financier must record this receivable from the particular customer at the face value which the means the financier or bank to deduct the cash equivalent value from (less) the provision aimed of the doubtful debts. Moreover, what is a cash equivalent…..? Cash equivalent is the number of monetary a unit that will be realized if a particular asset was sold on a cash basis in the regular the course of the Islamic financial institution at an existing date. For the reason that Islamic financial institution used this know changes if it negative or a decline of assets which means the cash equivalent is lesser than the doubted debt is not good for the Islamic financial institutions or financier to operate on. Moreover, if such a thing happens the bank will use the Hamish Jiddiyah which mean the commitment money to cover the loss in case it happens.in another way, when the doubtful debt is lesser than the cash equivalent the Islamic the financial institution, will release the incline of the assets.

       

 

                    In conclusion, Murabaha is measured base on the Assets recognition principles Upon the Acquisition of the Assets, Assets recognition principle at price discount if obtained after acquisition and the Assets recognition principle upon financing the customer which are very helpful for the Islamic financial institution to operate in fully comfortable an environment with the conformity of Islamic Shariah law in regards to the Islamic financial institution operation. Therefore, Assets recognition principles Upon the Acquisition of the Assets is of three types with an obligation, without an obligation and provision; with obligation, Murabaha assets must be measured at the impaired or lower historical cost, not to overvalue farsightedness and to defend the purchaser. Without obligation, assets must be measured at the cash equivalent value of upon acquisition of assets that will reflect the current value and defend the financier.

                  Finally the provision Murabaha assets reflect any decline in between the cash equivalent value and the acquisition cost. Moreover, Assets recognition principle at price discount if obtained after acquisition Murabaha assets must not be treated as returns or revenue however to diminish the cost of the pertinent except approved by Islamic bank’s Shariah supervisory board. Furthermore, the Assets recognition principle upon financing the customer which implies the Islamic financial institution must record the receivables from their client at their face value. For the reason that the Islamic financial institution to reduce their cash equivalent value less from the provision. If the financial institutions are stick to these principles of Murabaha in their transactions they will be successful both this life and hereafter, may Allah (S.W.T) forgive us and grant us the understanding of the deen (religion) and internalized it our daily life to contribute to the development of the Ummah of the prophet (ﷺ) until the last day sub-hanaka Allahuma bi hamdika nashadu an Allaha Allah ant wa tasqfiruka wa atubu illaik jazakallahu Khair wa salam.

 

Bibliography

(IASB), I. A. (1989). Framework for the Preparation and Presentation of Financial Statements. London. United Kingdom: International Accounting Standards Board (IASB).

(IASB), I. A. (2014). IASB Consultative Group on ShariahCompliant Instruments and Transactions. Kuala Lumpur, Malaysia.: International Accounting Standards Board (IASB).

AAIFI. (2008). Financial accounting standards. Manama, Bahrain: Accounting and Auditing Organization for Islamic Financial Institutions.

MALAYSIA), B. N. (2013). MURABAHA. MEDAN KUALA LUMPUR: BANK NEGARA MALAYSIA (CENTRAL BANK MOF MALAYSIA).

Nur, A. M. (2014). RECORDING AND REPORTING ISLAMIC FINANCIAL INSTRUMENTS. INCEIF (Global University in Islamic Finance.