Charitable endowments (known in Arabic as waqfs) or pious endowments (Behrens-Abouseif, 1994) have their roots in the charitable donation of assets. This Islamically-based financial tool has been utilised to fund large-scale projects. The underlying principle of the charitable endowment is that the donated asset can never be sold, and the returns arising from the asset are for the use of the community. Read More…
Tag Archives: financial tool
The corporate governance of an organisation managing Islamic charitable endowments (waqfs)
Filed under Corporate Governance, Finance
Accounting Case Study
Management accounting over the years has really emerged very significantly in the field of banking and finance. There are numerous objectives and significance that has been reflected in numerous literatures mentioning the primary strategic and management significance management accounting has brought to the table in the field of international finance.
As mentioned by many academic and financial scholars, management accounting has today emerged as the most important financial tool which helps them attain a strong position in the market by making sound and strong strategic decisions. This report would look into the theoretical concept of Management accounting, with a special mention of the relevance of management accounting in the banking sector with case study approach for HSBC bank. Click here to read more…
Filed under Accounting Case Studies, Finance