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Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations. [1] [2] Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. [3]
Bayt al-mal (بيت المال) is an Arabic term that is translated as "House of money" or "House of wealth". Historically, it was a financial institution responsible for the administration of taxes in Islamic states, particularly in the early Islamic Caliphate. [1]
This is an accepted version of this page This is the latest accepted revision, reviewed on 4 January 2025. Sermon event involving Muhammad and Ali Ghadir Khumm Date 10/16 March 632 (18 Dhu al-Hijjah) Location Al-Juhfa, Hejaz, Arabia Type Islamic sermon Theme The importance of the Qur'an and ahl al-bayt, Muhammad's esteem for Ali ibn Abi Talib – claimed by the Shia as evidence of the ...