This document provides a zakat calculation spreadsheet and explanations for calculating zakat on different types of wealth and assets. The spreadsheet calculates zakat payable on gold, silver, cash, investments, business assets, agricultural produce, animals, and deducts any liabilities. Detailed explanations and guidelines are provided for calculating zakat on each category based on Islamic principles to help Muslims properly calculate their zakat.
The document provides an overview of Takaful (Islamic insurance) including:
1. Takaful is based on mutual protection and joint guarantee, with participants contributing to a common fund to provide indemnity in case of loss.
2. There are different Takaful models including Mudaraba and Wakala that structure the risk-sharing and distribution of surpluses.
3. Takaful has grown significantly in recent decades and now operates in over 40 countries, providing an alternative to conventional insurance that is in line with Sharia principles.
This document provides information about Tajweed, which is the proper rules of recitation of the Quran. It defines Tajweed linguistically as improving pronunciation, and technically as reciting each letter from its correct place of origin with the proper attributes. Tajweed is an obligation for Muslims to properly recite the Quran as taught by the Prophet Muhammad. The document discusses why we learn Tajweed, common mistakes in recitation, ways of beginning recitation, and signs to indicate stopping between verses.
Zakat is an important pillar of Islam that involves purifying one's wealth through mandatory charitable contributions. It is meant to help the poor and needy within the Muslim community. Zakat must be paid annually on gold, silver, cash, business assets, crops, and other items if the minimum threshold is reached. The rates vary between 2.5-20% depending on the asset, but are meant to purify wealth and gain Allah's blessings. The funds are to be distributed to eight categories of recipients, including the poor, debtors, and those who work for the benefit of Islam.
1. The document discusses the concept of Salam, which is a contract where a buyer pays for goods in full at the time of contract while delivery of the goods is deferred to a later date. It must meet certain conditions such as specifying the exact type, quality and date of delivery of the goods.
2. The purpose of Salam is to meet the needs of farmers and traders by providing upfront capital. It outlines the details required in a Salam contract as well as permissible changes to the contract terms.
3. Under Salam, the buyer has the option to cancel the contract if the goods are not delivered by the specified date and recover the full price paid.
The document discusses various aspects of zakat in Islam, including:
1. The definition of zakat as the cleansing or purifying of wealth through mandatory charitable contributions based on accumulated wealth and income.
2. The importance of zakat as one of the five pillars of Islam and as a means to purify one's wealth and soul, assist the poor, and establish social equity.
3. The conditions for zakat, including being a Muslim, having wealth that meets the minimum threshold (nisab) for over one year (haul), and the eligible recipients such as the poor and needy.
Business studies project - "Principles of management - By Fayol" Priyanka Sahu
This slide is about the business studies project we get in class 12th. The whole project is strictly based on CBSE guidelines for the project "Principles Of Management - By Fayol". This is a format i am providing for your convenience and comfort . you can choose any firm, it may be fast food outlet, industry, or a manufacturing unit. Hope this project will help you alot.
The document provides an overview of Takaful (Islamic insurance) including:
1. Takaful is based on mutual protection and joint guarantee, with participants contributing to a common fund to provide indemnity in case of loss.
2. There are different Takaful models including Mudaraba and Wakala that structure the risk-sharing and distribution of surpluses.
3. Takaful has grown significantly in recent decades and now operates in over 40 countries, providing an alternative to conventional insurance that is in line with Sharia principles.
This document provides information about Tajweed, which is the proper rules of recitation of the Quran. It defines Tajweed linguistically as improving pronunciation, and technically as reciting each letter from its correct place of origin with the proper attributes. Tajweed is an obligation for Muslims to properly recite the Quran as taught by the Prophet Muhammad. The document discusses why we learn Tajweed, common mistakes in recitation, ways of beginning recitation, and signs to indicate stopping between verses.
Zakat is an important pillar of Islam that involves purifying one's wealth through mandatory charitable contributions. It is meant to help the poor and needy within the Muslim community. Zakat must be paid annually on gold, silver, cash, business assets, crops, and other items if the minimum threshold is reached. The rates vary between 2.5-20% depending on the asset, but are meant to purify wealth and gain Allah's blessings. The funds are to be distributed to eight categories of recipients, including the poor, debtors, and those who work for the benefit of Islam.
1. The document discusses the concept of Salam, which is a contract where a buyer pays for goods in full at the time of contract while delivery of the goods is deferred to a later date. It must meet certain conditions such as specifying the exact type, quality and date of delivery of the goods.
2. The purpose of Salam is to meet the needs of farmers and traders by providing upfront capital. It outlines the details required in a Salam contract as well as permissible changes to the contract terms.
3. Under Salam, the buyer has the option to cancel the contract if the goods are not delivered by the specified date and recover the full price paid.
The document discusses various aspects of zakat in Islam, including:
1. The definition of zakat as the cleansing or purifying of wealth through mandatory charitable contributions based on accumulated wealth and income.
2. The importance of zakat as one of the five pillars of Islam and as a means to purify one's wealth and soul, assist the poor, and establish social equity.
3. The conditions for zakat, including being a Muslim, having wealth that meets the minimum threshold (nisab) for over one year (haul), and the eligible recipients such as the poor and needy.
Business studies project - "Principles of management - By Fayol" Priyanka Sahu
This slide is about the business studies project we get in class 12th. The whole project is strictly based on CBSE guidelines for the project "Principles Of Management - By Fayol". This is a format i am providing for your convenience and comfort . you can choose any firm, it may be fast food outlet, industry, or a manufacturing unit. Hope this project will help you alot.
This document provides information about different types of Hajj and Umrah pilgrimages in three parts:
1) Hajj-e-Tamattu' involves performing Umrah separately before Hajj with separate ihrams, while Hajj-e-Qiran combines Umrah and Hajj in one ihram.
2) Essential items for pilgrims and details of men's and women's ihram clothing are outlined.
3) The steps and rituals involved in Umrah, Hajj Tamattu', and Hajj are described day-by-day, including details of locations like Mina, Arafat, Muzdalifa and rituals like
The document discusses the political and military aspects of the Islamic state established by the Prophet in Medina. It summarizes the social, economic and political conditions in pre-Islamic Arabia. It then outlines the key events and developments in Medina, including the Constitution of Medina that unified the various tribes, the important early military expeditions such as Badr and Uhud, and the major battles including the Battle of the Trench. It also discusses the expansion of the Islamic state and military strategy employed with little bloodshed.
This document discusses the Islamic legal principle of Qiyas (analogical reasoning). It defines Qiyas and outlines its essential elements, types, conditions, and justification as a secondary source of Islamic law. Qiyas allows for deriving legal rulings by analogizing new cases not directly addressed in the Quran or Hadith to original cases that do have clear rulings, based on shared effective causes or underlying reasons. The document provides examples of different types of Qiyas and examines hadith that demonstrate the Prophet modeling a form of analogical reasoning.
1) This document provides a step-by-step guide to performing Umrah, or the lesser pilgrimage to Mecca. It outlines the rites and procedures, including entering a state of ihram, performing tawaf of the Kaaba, sa'ee between Safa and Marwah, and shaving or clipping hair.
2) The key rites are entering ihram by declaring intention and talbiyah, performing tawaf or circling the Kaaba seven times, doing sa'ee by running or walking between the hills of Safa and Marwah seven times, and shaving or clipping hair to exit the state of ihram.
3
Zakat is a religious obligation in Islam where a fixed portion of wealth is paid yearly to benefit the poor. It is one of the five pillars of Islam. Every Muslim who owns a minimum amount of wealth (nisab) for over one year must pay zakat at fixed rates based on the type of wealth, such as 2.5% of money, 10% of agricultural output, and varying percentages for animals. Zakat purifies the soul and promotes social justice and prosperity by redistributing wealth from rich to poor and funding social services. It helps establish an Islamic economic system with equitable distribution of resources and minimal inequality and unemployment.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
The document discusses the benefits of exercise for mental health. It states that regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help boost feelings of calmness and happiness.
The document discusses the Islamic concept of morality according to Syed Abul Ala Maududi. It states that Islam provides a complete and stable moral code derived from the Quran and teachings of Prophet Muhammad. This moral code establishes virtues and prohibits vices, giving guidance for all aspects of individual and communal life. It addresses questions about the purpose of creation in a way that establishes a central purpose of obeying God and differentiates it from other moral philosophies subject to human interpretation.
This document discusses the Islamic concepts of Riba, Gharar and Qimar. It defines Riba as any excess compensation without due consideration, especially interest charged on loans. The document outlines verses from the Quran that prohibit Riba and classify two types of Riba - Riba al-Nasiyah (interest charged on loans) and Riba al-Fadl (excess received when exchanging specific commodities). It also discusses the prohibition of Gharar (uncertainty) in contracts and defines Qimar as events where there is a possibility of total loss for one party.
The document is a scanned copy of a book chapter about the history of the United States postal system from 1775 to 1891. It describes how the postal system began with the Second Continental Congress and private carrier services, its growth across the expanding nation, and reforms that professionalized and expanded services over time to meet the needs of a growing population and nation.
Introduction to Usul Fiqh : al hukm al-shariiNaimAlmashoori
The document discusses the definition and types of al-Hukm al-Shar'i, which refers to Islamic legal rulings and principles. It defines al-Hukm al-Shar'i and explains that it includes two main types of rules: 1) al-Hukm al-Taklifi, which are obligation-creating rules that establish standards of behavior for Muslims, and 2) al-Hukm al-Wad'i, which are declaratory rules that facilitate the application of the first type of rules in real-life situations. The document provides examples and details the technical meanings and differences between these two types of Islamic legal rulings.
The Sunnah refers to the sayings, actions, and approvals of the Prophet Muhammad and is one of the primary sources of Sharia or Islamic law, next to the Quran. There are different classifications of Sunnah, including legal vs non-legal Sunnah and strong, weak, or forged Hadith based on transmission chains. While the Quran takes precedence, the Sunnah plays an important role in explaining and elaborating principles and rules in the Quran and providing the basis for many rulings and institutions in Islamic jurisprudence.
Accountancy Projects has been created by team of Accountancy Professionals who have designed the Comprehensive and Specific Projects with solutions to meet the requirements of CBSE students of class 11th and 12th.
About The The Five Pillars of Islam (arkān al-Islām أركان الإسلام; also arkān al-dīn أركان الدين "pillars of the religion") are five basic acts in Islam, considered mandatory by believers and are the foundation of Muslim life. They are summarized in the famous hadith of Gabrie.
This document discusses Islamic teachings around topics of chastity, hijab, adultery and its punishments. It covers injunctions from the Quran around preserving modesty and covering oneself. It discusses punishments for adultery according to the Quran and examples from the Prophet's life. It also discusses punishments for false accusations and how to handle situations where spouses accuse each other. Throughout it emphasizes the importance of chastity and morality in Islam.
This document provides information about the rituals and requirements of Hajj and Umrah. It begins with introductions to ihram, which refers to the state of consecration for pilgrims as well as the clothing worn. The rituals of both Umrah and Hajj are then outlined step-by-step. Key details include definitions of Hajj and Umrah, their ruling and eligibility requirements, the different modes of Hajj, and prohibitions that apply while in the state of ihram. The document aims to guide pilgrims through each stage of the pilgrimage rituals.
The document discusses the Islamic concept of al-Qardh, which is an interest-free loan. It defines al-Qardh and provides evidence from the Quran, hadith, and scholarly consensus. It outlines the pillars of al-Qardh as the lender, borrower, property, and contract. It discusses the conditions of a valid al-Qardh contract and explains the concept of Qardh al-Hassan, which is a loan given out of benevolence. It concludes by outlining the procedures for debt disbursement in Islam, including documenting the transaction in writing.
This document discusses the Islamic legal principle of al-Qiyas (analogical reasoning). It begins by defining al-Qiyas as extending a Sharia ruling from an original case to a new case if they share the same effective cause or 'illah. The bases of al-Qiyas include Quranic verses, hadiths of the Prophet Muhammad, and scholarly consensus. The pillars of al-Qiyas are the original case, new case, effective cause or 'illah, and ruling. There are also conditions for each pillar. The document provides examples of different types of al-Qiyas and discusses cases where scholars have applied analogical reasoning.
The document provides an overview of zakat (obligatory alms-giving in Islam) in Malaysia, including the different types of zakat, how to calculate zakat on various assets, and a comparison between zakat and taxation. It discusses zakat fitrah (paid during Ramadan), zakat on wealth/earnings from assets like gold/silver, business income, employment income, savings, shares, crops, and livestock. Examples are given for calculating zakat amounts based on asset values and ownership periods. Benefits of zakat are noted as balancing socioeconomic conditions and encouraging wealth distribution.
This document contains a list of articles from the journal "Management Accountant" published between January-February 1998 and March-April 1999. There are 55 entries listed with details including article number, periodical, frequency, subject, subject heading, title, author, volume number, issue, pages and month/year. The articles cover various topics within management and public finance, with a focus on issues related to developing economies such as debt management, budgeting, taxation and economic development.
This document provides information about different types of Hajj and Umrah pilgrimages in three parts:
1) Hajj-e-Tamattu' involves performing Umrah separately before Hajj with separate ihrams, while Hajj-e-Qiran combines Umrah and Hajj in one ihram.
2) Essential items for pilgrims and details of men's and women's ihram clothing are outlined.
3) The steps and rituals involved in Umrah, Hajj Tamattu', and Hajj are described day-by-day, including details of locations like Mina, Arafat, Muzdalifa and rituals like
The document discusses the political and military aspects of the Islamic state established by the Prophet in Medina. It summarizes the social, economic and political conditions in pre-Islamic Arabia. It then outlines the key events and developments in Medina, including the Constitution of Medina that unified the various tribes, the important early military expeditions such as Badr and Uhud, and the major battles including the Battle of the Trench. It also discusses the expansion of the Islamic state and military strategy employed with little bloodshed.
This document discusses the Islamic legal principle of Qiyas (analogical reasoning). It defines Qiyas and outlines its essential elements, types, conditions, and justification as a secondary source of Islamic law. Qiyas allows for deriving legal rulings by analogizing new cases not directly addressed in the Quran or Hadith to original cases that do have clear rulings, based on shared effective causes or underlying reasons. The document provides examples of different types of Qiyas and examines hadith that demonstrate the Prophet modeling a form of analogical reasoning.
1) This document provides a step-by-step guide to performing Umrah, or the lesser pilgrimage to Mecca. It outlines the rites and procedures, including entering a state of ihram, performing tawaf of the Kaaba, sa'ee between Safa and Marwah, and shaving or clipping hair.
2) The key rites are entering ihram by declaring intention and talbiyah, performing tawaf or circling the Kaaba seven times, doing sa'ee by running or walking between the hills of Safa and Marwah seven times, and shaving or clipping hair to exit the state of ihram.
3
Zakat is a religious obligation in Islam where a fixed portion of wealth is paid yearly to benefit the poor. It is one of the five pillars of Islam. Every Muslim who owns a minimum amount of wealth (nisab) for over one year must pay zakat at fixed rates based on the type of wealth, such as 2.5% of money, 10% of agricultural output, and varying percentages for animals. Zakat purifies the soul and promotes social justice and prosperity by redistributing wealth from rich to poor and funding social services. It helps establish an Islamic economic system with equitable distribution of resources and minimal inequality and unemployment.
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
The document discusses the benefits of exercise for mental health. It states that regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help boost feelings of calmness and happiness.
The document discusses the Islamic concept of morality according to Syed Abul Ala Maududi. It states that Islam provides a complete and stable moral code derived from the Quran and teachings of Prophet Muhammad. This moral code establishes virtues and prohibits vices, giving guidance for all aspects of individual and communal life. It addresses questions about the purpose of creation in a way that establishes a central purpose of obeying God and differentiates it from other moral philosophies subject to human interpretation.
This document discusses the Islamic concepts of Riba, Gharar and Qimar. It defines Riba as any excess compensation without due consideration, especially interest charged on loans. The document outlines verses from the Quran that prohibit Riba and classify two types of Riba - Riba al-Nasiyah (interest charged on loans) and Riba al-Fadl (excess received when exchanging specific commodities). It also discusses the prohibition of Gharar (uncertainty) in contracts and defines Qimar as events where there is a possibility of total loss for one party.
The document is a scanned copy of a book chapter about the history of the United States postal system from 1775 to 1891. It describes how the postal system began with the Second Continental Congress and private carrier services, its growth across the expanding nation, and reforms that professionalized and expanded services over time to meet the needs of a growing population and nation.
Introduction to Usul Fiqh : al hukm al-shariiNaimAlmashoori
The document discusses the definition and types of al-Hukm al-Shar'i, which refers to Islamic legal rulings and principles. It defines al-Hukm al-Shar'i and explains that it includes two main types of rules: 1) al-Hukm al-Taklifi, which are obligation-creating rules that establish standards of behavior for Muslims, and 2) al-Hukm al-Wad'i, which are declaratory rules that facilitate the application of the first type of rules in real-life situations. The document provides examples and details the technical meanings and differences between these two types of Islamic legal rulings.
The Sunnah refers to the sayings, actions, and approvals of the Prophet Muhammad and is one of the primary sources of Sharia or Islamic law, next to the Quran. There are different classifications of Sunnah, including legal vs non-legal Sunnah and strong, weak, or forged Hadith based on transmission chains. While the Quran takes precedence, the Sunnah plays an important role in explaining and elaborating principles and rules in the Quran and providing the basis for many rulings and institutions in Islamic jurisprudence.
Accountancy Projects has been created by team of Accountancy Professionals who have designed the Comprehensive and Specific Projects with solutions to meet the requirements of CBSE students of class 11th and 12th.
About The The Five Pillars of Islam (arkān al-Islām أركان الإسلام; also arkān al-dīn أركان الدين "pillars of the religion") are five basic acts in Islam, considered mandatory by believers and are the foundation of Muslim life. They are summarized in the famous hadith of Gabrie.
This document discusses Islamic teachings around topics of chastity, hijab, adultery and its punishments. It covers injunctions from the Quran around preserving modesty and covering oneself. It discusses punishments for adultery according to the Quran and examples from the Prophet's life. It also discusses punishments for false accusations and how to handle situations where spouses accuse each other. Throughout it emphasizes the importance of chastity and morality in Islam.
This document provides information about the rituals and requirements of Hajj and Umrah. It begins with introductions to ihram, which refers to the state of consecration for pilgrims as well as the clothing worn. The rituals of both Umrah and Hajj are then outlined step-by-step. Key details include definitions of Hajj and Umrah, their ruling and eligibility requirements, the different modes of Hajj, and prohibitions that apply while in the state of ihram. The document aims to guide pilgrims through each stage of the pilgrimage rituals.
The document discusses the Islamic concept of al-Qardh, which is an interest-free loan. It defines al-Qardh and provides evidence from the Quran, hadith, and scholarly consensus. It outlines the pillars of al-Qardh as the lender, borrower, property, and contract. It discusses the conditions of a valid al-Qardh contract and explains the concept of Qardh al-Hassan, which is a loan given out of benevolence. It concludes by outlining the procedures for debt disbursement in Islam, including documenting the transaction in writing.
This document discusses the Islamic legal principle of al-Qiyas (analogical reasoning). It begins by defining al-Qiyas as extending a Sharia ruling from an original case to a new case if they share the same effective cause or 'illah. The bases of al-Qiyas include Quranic verses, hadiths of the Prophet Muhammad, and scholarly consensus. The pillars of al-Qiyas are the original case, new case, effective cause or 'illah, and ruling. There are also conditions for each pillar. The document provides examples of different types of al-Qiyas and discusses cases where scholars have applied analogical reasoning.
The document provides an overview of zakat (obligatory alms-giving in Islam) in Malaysia, including the different types of zakat, how to calculate zakat on various assets, and a comparison between zakat and taxation. It discusses zakat fitrah (paid during Ramadan), zakat on wealth/earnings from assets like gold/silver, business income, employment income, savings, shares, crops, and livestock. Examples are given for calculating zakat amounts based on asset values and ownership periods. Benefits of zakat are noted as balancing socioeconomic conditions and encouraging wealth distribution.
This document contains a list of articles from the journal "Management Accountant" published between January-February 1998 and March-April 1999. There are 55 entries listed with details including article number, periodical, frequency, subject, subject heading, title, author, volume number, issue, pages and month/year. The articles cover various topics within management and public finance, with a focus on issues related to developing economies such as debt management, budgeting, taxation and economic development.
Legal challenges that affect the collection of Zakat (Muslim form of taxation)Lyla Latif
This document discusses the legal challenges faced in collecting zakat (charitable alms) by states. It outlines different views on what types of wealth zakat applies to according to Islamic schools of thought. It also examines methods of zakat collection used in countries like Sudan, Pakistan, Saudi Arabia and challenges such as differing jurisprudence, lack of transparency, poor implementation strategies and lack of education. The author recommends states review school of thought differences, improve collection systems and promote accountability to more effectively use zakat for poverty alleviation and equitable wealth distribution.
This document defines Zakat (alms tax) under Islamic law and provides details on its calculation and distribution. It discusses (1) the definition of Zakat, (2) the two types of optional and mandatory charity (Sadaqah), (3) the history of Zakat's obligation in Islam, and (4) the categories of people and uses that Zakat funds can be distributed to according to the Quran and Hadith, such as the poor, debtors, travelers, and those whose hearts need to be reconciled. The document also outlines the specific Zakat rates and conditions for various assets like gold, silver, livestock, and agricultural produce.
This document discusses zakat, the obligatory alms or charity in Islam. It defines zakat as the duty to pay a portion of one's wealth to the poor. It outlines the different types of property on which zakat is due, including gold, silver, crops, livestock, business assets and wages. It provides details on calculating zakat amounts for different types and quantities of property based on Islamic rules and evidence from the Quran and hadith. The document emphasizes that zakat aims to purify wealth and promote its equitable distribution in the community in accordance with Islamic principles of social welfare.
This document provides a zakat calculation spreadsheet and accompanying explanations to help calculate zakat obligations. The spreadsheet contains sections to calculate zakat on different types of wealth and assets, including gold, precious stones, silver, cash, loans, investments, business assets, agricultural produce, animals, and deducting any liabilities. Accompanying notes provide guidance on calculating zakat for each type of asset according to Islamic principles to encourage honest and complete payment of this religious obligation.
The document provides information about accounting concepts and principles related to trial balance, final accounts, trading account and profit and loss account. It defines that a trial balance is prepared at the end of the financial year to check the arithmetical accuracy of accounts. It also explains the format and components of trading account and profit and loss account and provides examples of how to prepare these accounts from given balances.
The document provides an overview of SBI Mutual Fund and its joint venture with Société Genéralé Asset Management. It discusses the benefits of cross-selling mutual funds to bank customers, including generating additional income, customer retention, and providing financial services under one roof. It then provides information on what mutual funds are, how they work, their tax benefits, and the types of mutual fund products and schemes available.
The document contains lecture notes on corporate finance topics including time value of money, risk and return, diversification, financial statements such as the balance sheet and income statement, and cash flow analysis. Key concepts covered are compound interest, price of risk, types of risk, using financial statements to analyze a company's profitability, and importance of managing working capital and cash flows.
The document provides information on creating a financial plan for a business. It discusses the key components of a financial plan, including a starting balance sheet, pro-forma income statement, and cash flow forecast. It emphasizes the importance of the cash flow forecast for obtaining bank loans. Templates are provided to estimate starting costs and assets, create a starting balance sheet, forecast income and expenses, and project cash flow. Tips are given to be patient, get help, be consistent, and use the simple templates. Break-even analysis and an example are also included to illustrate how to calculate the sales volume needed to cover fixed costs.
Fortune Minerals Ltd. September 2012 Investor PresentationCompany Spotlight
Fortune Minerals Limited is an emerging strategic metal and coal producer with two late-stage projects - the NICO gold-cobalt-bismuth-copper project and the Arctos anthracite project. The Arctos project is one of the largest and most advanced Canadian anthracite coal development projects, with over $90 million spent and a joint venture with POSCO, one of the world's largest steel producers. It has significant measured, indicated, and inferred coal resources as well as proven and probable reserves. Global demand for metallurgical coal is expected to significantly outpace supply growth over the next decade.
- Ameriprise Financial's investment portfolio experienced increased unrealized losses during the third quarter of 2008 due to widespread spread widening across fixed income markets.
- The portfolio emphasizes high quality, diversified holdings including investment grade corporate bonds from industries like utilities and telecommunications as well as agency residential mortgage-backed securities.
- Total unrealized losses increased by $602 million in the third quarter, with the largest losses occurring in investment grade corporate bonds and state and municipal bonds.
The document discusses Aurico Gold's commitment to shareholder value creation through its high quality, low cost asset base in North America. It summarizes key details about Aurico's two main operations, Young-Davidson and El Chanate mines, including production levels, cash costs, reserves, and mine lives. It also provides an overview of Aurico's exploration and development projects including Kemess Underground, Orion JV, and their opportunities to add value.
The document discusses the challenges businesses currently face in a difficult global economic environment. It outlines how the traditional business model of relying heavily on debt and equity financing for growth is no longer viable given tight liquidity and risk aversion. Businesses now need to focus on optimizing existing assets, selling non-core assets, and raising only essential capital from stable investors. Mobius Strip Capital Advisors offers corporate advisory services to help clients manage growth effectively and achieve their objectives through a back-to-basics approach.
The document discusses Aurico Gold's commitment to shareholder value creation through its high quality, low cost asset base in North America. It focuses on streamlining operations through divesting non-core assets and producing from its two main mines, Young-Davidson and El Chanate. Aurico aims to deliver reliable, consistent performance through organic growth from these assets and a strong balance sheet.
Fortune Minerals Limited is a Canadian mineral development company focused on advancing its two late-stage projects: the NICO gold-cobalt-bismuth-copper project in Northwest Territories and the Mount Klappan anthracite coal project in British Columbia. Mount Klappan contains the largest and most advanced Canadian deposit of high quality anthracite coal, representing 1% of global coal reserves. There is significant future demand growth expected for metallurgical coal due to new steelmaking technologies and emerging economies, yet insufficient supply of high quality coals to meet this demand over the next decade.
EFG Financial Products Holding provides financial services including structured products, asset management, and pension solutions with offices in Switzerland, Europe, Asia, and North America. It has 271 employees and generated CHF 128 million in revenue in 2012. The company is traded on the SIX Swiss Exchange and has a market capitalization of CHF 353.3 million. Analysts project earnings per share growth and increased profit margins over the next few years.
This corporate presentation from Orvana Minerals Corp. provides an overview of the company's operations and financial performance. Orvana operates gold and copper mines in Bolivia and Spain, including its recently commissioned Upper Mineralized Zone deposit. The presentation summarizes Orvana's key assets and growth projects, financial results, production forecasts, and mineral reserve and resource estimates. It also outlines various risk factors and forward-looking statements regarding the company's plans and estimates.
The document summarizes a presentation for Fortune Minerals Limited, a Canadian mineral development company with two late-stage projects: the Arctos Anthracite Project in BC and the NICO gold-cobalt project in the Northwest Territories. It provides an overview of the Arctos project, which involves developing one of the world's largest deposits of high-quality anthracite coal via an open-pit mine with on-site processing facilities and a railway to transport coal to the deep water port of Prince Rupert. A definitive feasibility study update in October 2012 confirmed the technical and economic viability of the project.
The document provides an overview of Islamic finance, which prohibits interest and ambiguity in contracts. It discusses key principles like profit/loss sharing and defines common financial instruments like murabaha and ijara. Countries like UAE, Pakistan and Qatar have large Islamic banking industries. While still smaller than conventional banks, Islamic finance has grown steadily through adhering to risk-sharing principles and microfinancing.
Taylor Swift: Conquering Fame, Feuds, and Unmatched Success | CIO Women MagazineCIOWomenMagazine
From country star to global phenomenon, delve into Taylor Swift's incredible journey. Explore chart-topping hits, feuds, & her rise to billionaire status!
Morgan Freeman is Jimi Hendrix: Unveiling the Intriguing Hypothesisgreendigital
In celebrity mysteries and urban legends. Few narratives capture the imagination as the hypothesis that Morgan Freeman is Jimi Hendrix. This fascinating theory posits that the iconic actor and the legendary guitarist are, in fact, the same person. While this might seem like a far-fetched notion at first glance. a deeper exploration reveals a rich tapestry of coincidences, speculative connections. and a surprising alignment of life events fueling this captivating hypothesis.
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Introduction to the Hypothesis: Morgan Freeman is Jimi Hendrix
The idea that Morgan Freeman is Jimi Hendrix stems from a mix of historical anomalies, physical resemblances. and a penchant for myth-making that surrounds celebrities. While Jimi Hendrix's official death in 1970 is well-documented. some theorists suggest that Hendrix did not die but instead reinvented himself as Morgan Freeman. a man who would become one of Hollywood's most revered actors. This article aims to delve into the various aspects of this hypothesis. examining its origins, the supporting arguments. and the cultural impact of such a theory.
The Genesis of the Theory
Early Life Parallels
The hypothesis that Morgan Freeman is Jimi Hendrix begins by comparing their early lives. Jimi Hendrix, born Johnny Allen Hendrix in Seattle, Washington, on November 27, 1942. and Morgan Freeman, born on June 1, 1937, in Memphis, Tennessee, have lived very different lives. But, proponents of the theory suggest that the five-year age difference is negligible and point to Freeman's late start in his acting career as evidence of a life lived before under a different identity.
The Disappearance and Reappearance
Jimi Hendrix's death in 1970 at the age of 27 is a well-documented event. But, theorists argue that Hendrix's death staged. and he reemerged as Morgan Freeman. They highlight Freeman's rise to prominence in the early 1970s. coinciding with Hendrix's supposed death. Freeman's first significant acting role came in 1971 on the children's television show "The Electric Company," a mere year after Hendrix's passing.
Physical Resemblances
Facial Structure and Features
One of the most compelling arguments for the hypothesis that Morgan Freeman is Jimi Hendrix lies in the physical resemblance between the two men. Analyzing photographs, proponents point out similarities in facial structure. particularly the cheekbones and jawline. Both men have a distinctive gap between their front teeth. which is rare and often highlighted as a critical point of similarity.
Voice and Mannerisms
Supporters of the theory also draw attention to the similarities in their voices. Jimi Hendrix known for his smooth, distinctive speaking voice. which, according to some, resembles Morgan Freeman's iconic, deep, and soothing voice. Additionally, both men share certain mannerisms. such as their calm demeanor and eloquent speech patterns.
Artistic Parallels
Musical and Acting Talents
Jimi Hendrix was regarded as one of t
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Introduction
Tom Cruise long hair has often been more than a style choice. it has been a significant element of his persona both on and off the screen. From the tousled locks of the rebellious Maverick in "Top Gun" to the sleek, sophisticated mane in "Mission: Impossible II." Cruise's hair has played a pivotal role in shaping his image and the characters he portrays. This article explores the various stages of Tom Cruise long hair. Examining how this iconic look has evolved and influenced his career and broader fashion trends.
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Risky Business: The Transition Begins
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The 1990s: Experimentation and Iconic Roles
Far and Away: Embracing Length
One of the first films in which Tom Cruise embraced long hair was "Far and Away" (1992). Playing the role of Joseph. an Irish immigrant in 1890s America, Cruise's long, hair added authenticity to his character's rugged and determined persona. This look was a stark departure from his earlier. more polished styles and marked the beginning of a more adventurous phase in his hairstyle choices.
Interview with the Vampire: Gothic Elegance
In "Interview with the Vampire" (1994). Tom Cruise long hair reached new lengths of sophistication and elegance. Portraying the vampire Lestat. Cruise's flowing blonde locks were integral to the character's ethereal and timeless allure. This hairstyle not only suited the gothic aesthetic of the film but also showcased Cruise's ability to transform his appearance for a role.
Mission: Impossible II: The Pinnacle of Long Hair
One of the most memorable instances of Tom Cruise long hair came in "Mission: Impossible II" (2000). His character, Ethan
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1. Zakat Calculation Spreadsheet 07/19/2011
Zakat Calculator
(Use Only YELLOW cells to fill Values. Please refer to the Appendix Sheet for more explanations on Each Section)
Estimated
Weight in GMS Price/Gm Zakat Payable
Value
1 ZAKAT ON GOLD
24 Carat Gold/Jewelry 100.00 90.00 9,000.00 225.00
22 Carat Gold/Jewelery .00 -
18 Carat Gold/Jewelry .00 -
Other Gold Valuables. (Pls insert the Current
Estimated Value) -
2 ZAKAT ON PRECIOUS STONES
Calculate the nett Market Value of the Precious
stones like Diamonds, Rubies, Etc. and add
them to the Estimated Value Column -
3 ZAKAT ON SILVER
Include Household Silver Utensils, Artefacts,
and Jewelery. For Utensils, usually the silver is
90% pure so take 90% of the total weight 500.00 20.00 10,000.00 250.00
4 ZAKAT ON CASH IN HAND /BANK Actual Value
Cash in Hand 4,000.00 100.00
Cash in Bank in Savings Accounts -
Cash in Bank in Current Accounts -
Cash held in Fixed Deposits -
ZAKAT ON LOANS / INVESTMENTS/ FUNDS/
5
SHARES, ETC Actual Value
Loans Receivable from Friends and Relatives -
Investment in Govt Bonds -
Provident Fund Contribution to date. -
Insurance Premiums including bonus up to date -
Value of Shares (stocks) including Dividends.
Take their market value on the date of
calculation -
Government Security Deposits, ADRs, etc -
Investment in Private Chits, Funds, etc -
Other Sources of Wealth -
6 ZAKAT ON LANDED PROPERTY Estimate Value
Landed Property held as an Investment /
Business (Estimate the current Maket Value) -
7 ZAKAT ON BUSINESS
Value of Saleable Stock
Value of Damaged / Dead Stock
Amount Receivable from Credit Sales
LESS: Amount Payable to Suppliers (Credit
taken from suppliers for stocking goods)
LESS: Bad Debts
TOTAL VALUE OF STOCK .00 -
8 ZAKAT ON SHARE IN PARTNERSHIP FIRMS
Page 1 of 4
2. Zakat Calculation Spreadsheet 07/19/2011
Estimated
Weight in GMS Price/Gm Zakat Payable
Value
Capital Balance as per Last balance Sheet
Loans Advanced by you to the Firm as of Date
LESS: Withdrawals made by you during the
current Year.
Accumulated Profit from the date of Balance
Sheet to this Date (Estimate the Profit Value as
it is difficult to get exact figures in the middle of
Accounting Year)
NETT TOTAL WORTH CALCULATED .00 -
9 ZAKAT ON AGRICULTURAL PRODUCE Value of Produce
Produce Dependent on Rain Water - @ 10% of
product (crop) in Value or Kind -
Produce totally dependent on Artificial Irrigation
like Canal, Tank, Borewell, etc. - @ 5% of
Produce (crop) in Value or in Kind -
Produce dependent Partially on Rain Water and
Partially on Artificial Irrigation - 7.5% of the
Produce Value or in Kind -
ZAKAT ON ANIMALS & POULTRY & FISH
10
FARMING Total Value
Animals/ Birds more than 6 months Old - @ 1
Animal or Bird PER 40 either in Kind or Value of
the same. -
GENERAL LIABILITIES - You need to deduct
11 your direct Payables or Liabilities which are not
deducted above
Loans taken from from Friends / Relatives 2,000.00
Loans Taken from Banks / Institutions 1,500.00
Income Tax / Wealth Tax Payable
TOTAL LIABILITIES 3,500.00 -96.25
TOTAL ZAKAT PAYABLE 478.75
Page 2 of 4
3. Dear Brothers & Sisters,
Alhamdulillah, the month of Ramadhan has been bestowed upon us by Allah. ZAKAT is one of the five
fundamental pillars of Islam, mandatory on all muslims who are of eligible wealth. Zakat is due from and
payable by a person on his wealth (and not his income), which has remained with him/her for one Islamic year.
It is difficult to calculate the completion of one year on each item of wealth, because purchase dates may vary.
To overcome this difficulty, a practical method is to fix a date (e.g. 1st of Ramadhan), compute your total wealth
on that date and calculate Zakat, thereon.
The attached spreadsheet is a humble attempt at making the calculation process simple and consolidated, for
all brothers and sisters who are fortunate to be worthy of paying Zakat. If there are any errors, its purely due to
my incomprehension and may be brought to my notice immdtly by email at ajameel@yahoo.com. Please
remember me in your supplications and may Allah give us all the rewards of both worlds. Aameen.
Yours Brother in Islam, Arif Jameel.
Details of Each Section to be used in conjunction with the Calculation Spreadsheet.
1
Zakat on Pure Gold and Gold Jewellery
Zakat should be calculated at 2.5% of the market value as on the date of valuation (In our case we consider 1st
of Ramadhan). Most Ulema favour the Market Value prevailing as on the date of Calculation and not the
purchase price.
A Reduction of 2% from the weight of Jewellery can be allowed towards studded stones jewellery & 25% from
the weight of KUNDAN Jewellery.
2 Zakat on Precious and Semi-Precious Stones
There is some contention on whether these are to be considered for valuation. In my humble opinion if they
have a value, then they calculate towards your wealth, and it is on the wealth that Zakat is mandatory.
One may calculate the saleable value of Items at hand on the date of Zakat Calculation.
3 Zakat on Silver.
Zakat is to be paid on Silver in Pure form or Jewellery, Utensils, Decorative items and all household items
including crockery, cutlery made of silver at 2.5% of the prevailing market rates.
4 Zakat on Cash and Bank Balances
Zakat should be paid at 2.5% on all cash balance and bank balances in your savings, current or FD accounts.
The amount technically should be in the bank for one year. Usually it happens that the balance keeps on
changing as per personal requirements.
You may make your best judgement and the best way is to pay on remaining amount on the day of calculation
5 Zakat on Loans Given, Funds, etc
Zakat is payable by you on loans you have given to your friends and relatives. It should be treated as Cash in
Hand. You may deduct Loans Payable by you to arrive at the nett present value of your wealth.
Zakat is payable on all Govt Bonds, Public Sector Bond, paid-up Insurance premiums, your paid-up portion of
Provident Funds, Govt Bills receivables, etc.
6 Zakat on Landed Property
Zakat is not payable on personal residential House even if you have more than one and meant for residential
purpose only. Also Zakat is not applicable on Property given on rent irrespective of how many. However Zakat
is payable on the rental income.
However if your intention of holding properties is to sell at a future date for a profit or as an investment, then
Zakat is payable on the Market Value. Also, if your intention of holding properties changes in the current year,
I.e. from self use to business then you need to pay Zakat on that Property Value
7 Zakat on Business:
This is for Business Persons only. No matter what business you are into, you've got to pay Zakat on all
STOCK-IN-TRADE. The stock must be valued at its Landed Cost Price. If you have any bills receivable (sales
given on credit) then you need to add the same towards calculations.
Deduct the Amounts due to your suppliers and deduct the loans on stock on the date of calculation. Dead
Stock should be calculated on scrap value or its saleable value. Damaged stock should also be valued at its
scrap value.
Appendix: Explanations To be used in conjunction with the Spreadsheet on Zakat Calculator Page 3 of 4
4. Be honest in the calculations, as ZAKAT is an INSURANCE on your STOCK directly from ALLAH and who
better an insurer than Him.
There is no Zakat on Factory Buildings or any kind of machinery, but there is zakat on products produced in the
factory (i.e. finished goods value). Please refer to a competent Moulvi or a scholar who can shed more light on
your specific issues.
8 Zakat on Partnership Firms.
Zakat can be paid EITHER by the firm OR separately by the owners. If the firm is not paying, and the partner
wants to calculate his share, he should take the amount standing to his capital and loan account as per the last
balance sheet. Add his estimated share of profit till the date zakat is calculated.
This can only be estimated as it is difficult to calculate the exact profit or loss between an accounting year.
9 Zakat on Agricultural Product
Zakat is payable on all Agricultural produce including fruits, commercially grown flowers, vegetables and all
types of grains at the harvest time itself. The passing of One year does not apply for agrultural produce. If
there are two or more crops on the same land per year, then Zakat has to be paid as many times on the crop,
irrespective of the time.
The formula for Zakat calculation on Agriculture is as follows:
On crops dependent purely on rain water it will be 10% of produce, On crops not irrigated through rain water
but use Canal Water, Tank Water, Borewell and Open wells, the Zakat is 5% of the produce. For Crops
dependent partly on Rain Water and partly on other water, the Zakat applicable would be 7.5% of produce.
10 Zakat on Animals
On all grazing animals like goats, shee, camel, cows, broiler chickens, the consensus Zakat payable is one
animal/bird for every 40 animals owned. However you may wish to give cash in lieu of the animal/bird itself.
Please consult your local Scholar or Maulvi or Imaam who can guide you to the right direction, or refer to books
of Fiqh if you would like to have first hand confirmation of the situation.
11 Liabilities Deductions
If you have any pending tax payable to the govt, as of the date of Zakat Calculation, then the same may be
deducted before arriving at the net worth. If you have taken any loans from any person or institution, and if you
have not already deducted the same from any of the above sections, then you can deduct your Payables over
here. Please be truthful, as Zakat is a sure way of protecting ones wealth if Zakat has been paid on it regularly
and fully.
FOOTNOTE: Please note that Interest in any form is Haram and strictly prohibited. So please stay away from
taking Loans on Interests AND Collection of Interests from any body or institution.
Appendix: Explanations To be used in conjunction with the Spreadsheet on Zakat Calculator Page 4 of 4