Category Archives: Uncategorized

Financial Reporting for Islamic Financial Institutions

Islamic finance (Capital Markets, Banking and Insurance) has emerged from a niche financial market to the mainstream of finance. The geographic market, clientele served, products base and volume of funds have grown significantly. Furthermore, the players have increased and now include not only pure Islamic institutions but also hybrid players (the conventional bank with IslamicContinue reading “Financial Reporting for Islamic Financial Institutions”

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These are short read books, which aim to increase awareness about Islamic finance in general and specifically how to understand financial statements prepared by Islamic financial institutions, risk management practises in Islamic Financial institutions and how Islamic Finance and Sustainable Development Goals are intertwined.

Earn Cryptocurrencies while Learning about Cryptocurrencies

Bitcoin was the first Cryptocurrency, and today it is the most valuable as listed in the crypto or digital currency exchanges like Coinbase https://www.coinbase.com/. This trend to create global currencies, which are tradeable globally is driven by advances in secure ICT technology called Blockchain. To learn more about these development ME School of Finance, AccountingContinue reading “Earn Cryptocurrencies while Learning about Cryptocurrencies”

An Overview of Islamic Agricultural Finance

By Mohamed Ebrahim This article was first published in Islamic Finance news Volume 17 Issue 6 dated the 12th February 2020. The link is only functional until the 11th March 2020:https://www.islamicfinancenews.com/a-brief-overview-of-islamic-agricultural-finance.html?access-key=6b73e3e68e1204087db8f566beb01d57 The Islamic banking and finance movement is a revolution in the making for rural agriculture based farmers, with it being a major departure from conventionally acceptedContinue reading “An Overview of Islamic Agricultural Finance”

TAX UPDATE 02/2020 ACE Group of Companies

RESIDENTIAL RENTAL INCOME The following key pointers are important for you to ensure you comply with the MRI regulations from the onset and avoid the penalties and interest that come with non-compliance. 1. MRI is a tax payable by resident persons on residential rental income received. It is payable by property owners whose residential rentContinue reading “TAX UPDATE 02/2020 ACE Group of Companies”

Does Sleep Affect Your Financial Health? Last updated October 11, 2019

https://www.tuck.com/sleep-and-financial-health/ Quick Overview Are you struggling to save up for retirement, pay off student loan debt, or simply stay on top of your monthly rent? You’re not alone. When it comes to worries that keep us up at night, financial woes consistently rank at the top. Stress of any kind is one of the leading contributorsContinue reading “Does Sleep Affect Your Financial Health? Last updated October 11, 2019”

Money Never Sleeps – Who Sleeps and Earns the Most

Source: https://www.tuck.com When it comes to success, we all know the stereotype: the successful don’t sleep. Whether it’s a tech CEO leading a risky new startup or a famous author working on her latest best-seller, everyone believes that earning more means working more, and working more inevitably means sleeping less. It’s a trade-off most ofContinue reading “Money Never Sleeps – Who Sleeps and Earns the Most”

Ace Group – Tax Alert 1/2020

TURNOVER TAX (TOT) The turnover tax was re-introduced in the Finance Act 2019 effective 1st January 2020 with similar regulations previously applied. Notable changes are; Monthly submission of the TOT returns by 20th of the following month. Presumptive tax is still applicable in addition to the TOT Presumptive tax can be claimed as a creditContinue reading “Ace Group – Tax Alert 1/2020”