After referring to the Internet or other references to obtain knowledge of hamish jiddiya, draft and discuss
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After referring to the Internet or other references to obtain knowledge of hamish jiddiya, draft and discuss the journal entries to account for a hamish jiddiyah deposit of $5,000 and its refund where the bank lost $1,000 due the customer not keeping his promise and the promise was binding. Use your knowledge of double-entry bookkeeping; do not copy from other resources.
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Hamish Jiddiyah also known as a good faith deposit is a concept rooted in Islamic Finance Its used in several financial contracts such as Murabahah an...View the full answer
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Related Book For 
Principles Of Islamic Accounting
ISBN: 9781119023296
1st Edition
Authors: Nabil Baydoun, Maliah Sulaiman, Roger J. Willett, Shahul Ibrahim
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