Without Long Term objectives ,
an organization would drift aimlessly toward some unknown end. it is hard to
imagine an organization or individual being successful without clear objectives.
A long term planning of a financial accountant to increase investment for an
Organization.
Long term planning of a management Accountant to increase Production in an
Organization by Investment of Shares holders.
FINANCIAL OBJECTIVES
Financial objectives include those associated with growth in revenues , growth
in earning higher dividends , larger profit margins , greater return on
investment , higher earnings per share , a rising stock price , improving cash
flow.
STRATEGIC OBJECTIVES
A Larger market shares, quicker on time delivery than rivals, shorter design to
market times.
PRACTITIONERS OF U.S
Many Practitioners and Academicians attribute a significant part of U.S
industry’s competitive decline to the short term rather than long term.
ISLAMIC INVESTMENT
Islamic investors perceive islamic investment as an act of worship, accordingly,
there is a number of unique features arising from the religion of islam
governing investment.
Islamic investment as a viable alternatively to the conventional investment.
Islamic investor need to earn halal profits, hence in contrast to conventional
investors that consider investment as a way to generate more materialistic
profit.
Islamic investment lately, such evaluation involves a wide range of issues
related to the practice of this industry.
The islamic scholars tried to define Islamic investment In the light of Holy
Quran and Hadees.
Taqi usmani Suggested that , Islamic investing is employing the surplus money
for the purpose to earn Halal profit in strict conformity with the precepts of
Islamic shariah . in its Broader meaning AL-ISTITHMAR includes any activity
leading to the increase of capital as long as it complies with islamic
principles.
Islamic Investment can be defined as using a certain assets in accordance with
shariah to generate profit in this world.
Islamic investors must consider the inclusion of Ethical standards, such as
fairness and justice in the investment decision to fulfil the objectives of
shariah . that is to say islamic investment aims to provide A fair Circulation
of wealth, enhance employment rate rate and to maintain the stability of the
economy.
PROHIBITION OF RIBA
Riba is unjustified increment in borrowing or lending money.
In the light of surah Al Baqarah (2:278 -279)
O you who believe! Be careful of (your duty ) to Allah and relinquish what
remains (due) from usury, if you are believers but if you do (it) not, then be
apprised of war from Allah and his Messenger, and if you repent, then you shall
have your capital, Neither shall you make (THE DEBTOR) suffer Loss , nor shall
you be made to suffer Loss.
PROHIBITION OF GHARAR
The term gharar refers to fraudulence. Technically gharar is the unknown
surrounding a financial transaction.
The Prophet ( sallallaho Alaaihi wasallam ) has forbidden the pebble sale and
the gharar sale.
DAWABIT OR REGULATION RULES OF INVESTMENT IN ISLAM
The term Dawabit refers to firmly protecting something from any foreign
elements. Technically , Dawabit cannots the rules that shape the behavior.
In the investment context , Dawabit refers to a set of principles derived from
shariah teaching that shape the Investment behavior of muslim Investors.
REGULATIONS AQIDA – OR –BELIEF OF INVESTMENT
The dawabit Aqida refers to the fixed dogmatic principles that guide the belief
of muslim Investor , The application of this Regulation is characterized by the
constancy and permanence through time and geographical location . the utmost
objectives of this regulation is to promote social welfare.
AL- ISTIKHLAF OR VICEGERENCY
AL-ISTIKHLAF OR VICEGERENCY is a Noun derived from the word khalifa. The broad
meaning of khalifa is one who succeeds another . the term khalifa is usually
used when describing people succession. The generation sequence . the term
khalifah refers to the action of replacing a person in Authority and take his
place. Shariah scholars refers to khalifah to designate the vicegerent statue of
human beings on earth.
In the light of Surah Al-Baqara (2:20)
“ And when your lord said to the Angels I am going to place in the earth A
khalif they said : what ! wilt thou place in it such as shall make mischief in
it and shed blood , and we celebrate they praise and extol Thy holiness ? He
said : surely ! know what you do not Know.
ETHICAL CONTROL OF INVESTMENT
Islam encourages embodying values and ethics in investment.
HONESTY
In the light of Holy Hadith,
Honesty was preserved in the root of the hearts of men ( in the beginning ) and
then they learnt it ( Honesty ) from the Quran , and then they learnt it from
the ( prophet ‘s ) Sunno ( Tradition )
AL BUKHARI.
IN The Light of Surah AL- An’ama (6:152).
“ And give full measure and weight in justice . we do not charge any soul except
[with the within ] its capacity . and when you testify , be just , even if [ it
Concern ] a near relative . and the convenant of Allah fulfill. This has he
instructed you that you may remember
RIGHTEOUSNESS ( JUSTICE )
And the Heaven He raised and imposed the balance ( ? ) That you not transgress
Within the Balance and Establish Weight in justice and do not make deficit the
balance. SURAT – AL –REHMAN (55;7-9).
Respect For Contractual Engagement
“ O you Who have believed Fulfill {all} Contracts.
SURAH – AL –MAIDAH (5:1).
Economic regulation
Dabit Iqtisadi or economic regulations represents a set of Islamic economic
principles.
GROWTH OF ISLAMIC INVESTMENT
A strong global need of more than 1.6 billion Muslims, Islamic Investment is
becoming increasingly important. Currently, there is Over U $$260 billion
invested in Islamic Funds through 300 active Global Islamic institutions, More
So, The Investor base looking to invest in Sharia Compliant instruments was
estimated at About
$ 500 billion World Wide ( GLOBAL REPORT 2017 ).