Post by account_disabled on Mar 11, 2024 3:25:45 GMT
The right Definition of Sharia Financial Management Definition of Sharia Financial Management As previously mentioned financial management is an effort to manage personal and business financial conditions by budgeting planning controlling and storing. The aim of holding financial management is to make it easier for us to achieve predetermined goals. So sharia financial management itself can be defined as an effort to manage financial conditions by paying attention to the principles of Islamic religious law. Of course what differentiates conventional financial management activities from sharia can be seen from how they are carried out and what the important components are in these activities.
Sharia financial management usually has several taboos Job Function Email List that must not be violated because they are not in accordance with Islamic religious principles. For example it does not recommend giving loans or applying for loans with interest usury. In practice a financial manager must know exactly how to manage company finances well. Of course this is done with various considerations related to the companys financial condition at that time as well as its shortterm and longterm goals. Good financial management is mandatory because as we know the financial condition of a company is a crucial thing that should not be taken lightly.
Financial Management Function Sharia Financial Management Functions The following is a brief explanation of the financial management function . Planning finances The first financial management function is planning. This can include making shortterm and longterm plans making expenditure plans that will be carried out within a certain time period and so on. . Budgeting Next is budgeting or making a budget. This is done by allocating the companys funds to meet its needs in one period. In this way every expenditure will be structured and avoid unnecessary allocation of funds. . Financial Management Next is financial management which is usually carried out by maximizing the use of funds in the company.
Sharia financial management usually has several taboos Job Function Email List that must not be violated because they are not in accordance with Islamic religious principles. For example it does not recommend giving loans or applying for loans with interest usury. In practice a financial manager must know exactly how to manage company finances well. Of course this is done with various considerations related to the companys financial condition at that time as well as its shortterm and longterm goals. Good financial management is mandatory because as we know the financial condition of a company is a crucial thing that should not be taken lightly.
Financial Management Function Sharia Financial Management Functions The following is a brief explanation of the financial management function . Planning finances The first financial management function is planning. This can include making shortterm and longterm plans making expenditure plans that will be carried out within a certain time period and so on. . Budgeting Next is budgeting or making a budget. This is done by allocating the companys funds to meet its needs in one period. In this way every expenditure will be structured and avoid unnecessary allocation of funds. . Financial Management Next is financial management which is usually carried out by maximizing the use of funds in the company.