...A COMPARISON BETWEEN ISLAMIC AND TRADITIONAL BANKS: PRE AND POST THE 2008 FINANCIAL CRISIS Mohamed Hashem Rashwan1 The British University in Egypt ABSTRACT This study tests the efficiency and profitability of banks that belongs to two different sectors: a) Islamic Banks (IBs) and b) Traditional Banks (TBs). The study concentrates on the pre and post 2008 financial crisis with an aim to test if there are any significant differences in performance between the two sectors. The study applies the MANOVA techniques to analyze the financial secondary data for only publicly traded banks in the same region. The findings of the study show that there is a significant difference between the two sectors in 2007 and 2009 and there are no significant differences in 2008, which indicates the effect of the crisis on both sectors. IBs outperform TBs in 2007 and TBs outperform IBs in 2009. This result indicates the spread of the crisis to the real economy where IBs usually operate. INTRODUCTION Forty years ago Islamic Finance was virtually an unknown system; interestingly it has expanded to become a distinctive and fast growing segment of the International Financials markets. With a growth rate that ranges from 15% to 20% (EL- Qoroshy 2005). Islamic Finance in general and Islamic banking in specific become main players in the financial world. According to the IMF survey (2010) the total capital managed under Islamic Finance systems was estimated to be $820 billion at the end of 2008. More than...
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...of board management and good practices. * Separate legal personality * Corporate liability * Duties: * Duty to Act in Good Faith and for Proper Purpose s132(1) * Hogg v Cramphorn Ltd [1967] Ch 254 – TB * Multi-Pak Singapore Pte Ltd v Intraco Ltd [1994] 2 SLR 282 * Creanovate Pte Ltd and another v Firstlink Energy Pte Ltd and another appeal [2007] 4 SLR(R) 780 * Bishopsgate Investment Management Ltd v Maxwell (No 2) [1993] BCLC 814 * Discharge of the Duty to Exercise Reasonable Care and Skill s132(1) * Lim Weng Kee v PP [2002] 4 SLR 327 * Dorchester Finance Co Ltd v Stebbing [1989] BCLC 498 * Duty to seek shareholders’ approval s132E&s132G * Restrictions * Conflicts of Interests * Cook v. Deeks [1916] 1 AC 554: [1916-17] ALL ER Rep 285 - TB * Allen v Hyatt (1914) 30 TLR 444 * Avel Consultants Sdn Bhd & Anor v Mohamed Zain Yusof & Ors s [1950-1985] MSCLC 150 * Misuse of Insider Information or Opportunities s132(2) * Fine Industrial Commodities Ltd v. Powling (1954) 71 RPC 253 * Restriction from Taking Loans s133 * Ciro Citterio Menswear plc v Thakrar [2002] 2 All ER 717 - TB * Tait Consibee (Oxford) Ltd v Tait [1997] 2 BCLC 349 * Civil and Criminal Liabilities of Directors 2) Cases illustrating companies have collapsed due to poor management. I. The Satyam Computer Services scandal...
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...maintenance (chap 3). Adds phase maintenance and periodic inspection documentation procedures (chap 3). Adds information on migrating automated DA Form 2410 (Component Removal and Repair/Overhaul Record) data (chap 3). Changes DA Form 2410 and instructions. Therefore, the U.S. Army Aviation and Missile Command’s Guide/Workbook for the DA Form 2410, The Army Maintenance Management System Aviation (TAMMS-A), October 1992, is obsolete (chap 3). Adds instructions for DA Form 2408-16 (Aircraft Component Historical Record) and DA Form 2410 to track aircraft survivability equipment electronic countermeasures and avionics systems Line Replaceable Units that have software installed (chaps 3 and 4). Incorporates the forms and records instructions published in TB 1-2840-24820-2 (One Time Inspection and Conversion of Forms and Records for T700, 701, and 701C Series Gas Turbine Engines) (chaps 3 and 4). Incorporates the forms and records instructions...
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...May appeal to youth because it comes in flavors such as cinnamon, berry, vanilla, and apple3,4 Types of smokeless tobacco: * Chewing tobacco (loose leaf, plug, or twist and may come in flavors)1 * Snuff (moist, dry, or in packets [U.S. snus]) * Dissolvable (lozenges, sticks, strips, orbs) Tobacco Facts and Figures Smoking * Harms nearly every organ of the body * Causes many diseases and reduces the health of smokers in general * Nearly 18 of every 100 U.S. adults aged 18 years or older (17.8%) currently smoke cigarettes. This means an estimated 42.1 million adults in the United States currently smoke cigarettes.1 * Cigarette smoking is the leading cause of preventable disease and death in the United States, accounting for more than 480,000 deaths every year, or 1 of every 5 deaths.2 * More than 16...
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...Handbook of Management Accounting Research Volume 3 Edited by CHRISTOPHER S. CHAPMAN Imperial College London, UK ANTHONY G. HOPWOOD University of Oxford, UK MICHAEL D. SHIELDS Michigan State University, USA AMSTERDAM – BOSTON – HEIDELBERG – LONDON – NEW YORK – OXFORD PARIS – SAN DIEGO – SAN FRANCISCO – SINGAPORE – SYDNEY – TOKYO Elsevier The Boulevard, Langford Lane, Kidlington, Oxford OX5 1GB, UK First edition 2009 Copyright © 2009 Elsevier Ltd. All rights reserved No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means electronic, mechanical, photocopying, recording or otherwise without the prior written permission of the publisher Permissions may be sought directly from Elsevier’s Science & Technology Rights Department in Oxford, UK: phone ( 44) (0) 1865 843830; fax ( 44) (0) 1865 853333; email: permissions@elsevier.com. Alternatively visit the Science and Technology Books website at www.elsevierdirect.com/rights for further information Notice No responsibility is assumed by the publisher for any injury and/or damage to persons or property as a matter of products liability, negligence or otherwise, or from any use or operation of any methods, products, instructions or ideas contained in the material herein. British Library Cataloguing in Publication Data A catalogue record for this book is available from the British Library Library of Congress Cataloging-in-Publication Data A catalog record for...
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...ork2012 - 2013 Catalog A Message from the President “Sullivan University is truly a unique and student success focused institution.” I have shared that statement with numerous groups and it simply summarizes my basic philosophy of what Sullivan is all about. When I say that Sullivan is “student success focused,” I feel as President that I owe a definition of this statement to all who are considering Sullivan University. First, Sullivan is unique among institutions of higher education with its innovative, career-first curriculum. You can earn a career diploma or certificate in a year or less and then accept employment while still being able to complete your associate, bachelor’s, master’s or doctoral degree by attending during the day, evenings, weekends, or online. Business and industry do not expand or hire new employees only in May or June each year. Yet most institutions of higher education operate on a nine-month school year with almost everyone graduating in May. We remained focused on your success and education, and continue to offer our students the opportunity to begin classes or to graduate four times a year with our flexible, year-round full-time schedule of classes. If you really want to attend a school where your needs (your real needs) come first, consider Sullivan University. I believe we can help you exceed your expectations. Since words cannot fully describe the atmosphere at Sullivan University, please accept my personal invitation to visit and experience...
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...Therapy Billing Tips Provider Reference Supplement [pic] HP Enterprise Services, Arkansas Title XIX Document Date: 5/12/2010 HP Enterprise Services Arkansas Title XIX Account 500 President Clinton Avenue, Suite 400 Little Rock, Arkansas 72201 (501) 374-6608 HP Enterprise Services and the HP Enterprise Services logo are registered trademarks of HP Enterprise Services. All other logos, trademarks or service marks used herein are the property of their respective owners. HP Enterprise Services is an equal opportunity employer and values the diversity of its people. © 2010 HP Enterprise Services. All rights reserved. Contents Introduction 3 Eligibility 4 Restricted Aid Categories 4 All Arkansas Medicaid Aid Categories 6 Therapy Benefits 10 Program Coverage 12 Prior Authorization Request Procedures for Augmentative Communication Device (ACD) 15 Evaluation 15 Contact List for Reviews, Managed Care and Authorizations 16 National Place of Service Codes 18 Quick Tips for Submitting Claims 19 Introduction to Billing 19 CMS-1500 Billing Procedures - Occupational, Physical, Speech Therapy Procedure Codes 19 Augmentative Communication Device (ACD) Évaluation 22 Billing Instructions - Paper Only 22 Completion of the CMS-1500 Claim Form 22 Special Billing Procedures 29 Common Billing Errors 30 Brief Overview of Benefits 31 Contact Information 32 Introduction This Billing Tips document serves as a training supplement...
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...Accounting for non-accounting students eighth edition John R. Dyson ACCOUNTING FOR NON-ACCOUNTING STUDENTS Visit the Accounting for Non-Accounting Students, eighth edition Companion Website at www.pearsoned.co.uk/dyson to find valuable student learning material including: G G G G Multiple choice questions to help test your learning Extra question material Links to relevant sites on the web Glossary explaining key terms mentioned in the book We work with leading authors to develop the strongest educational materials in Accounting, bringing cutting-edge thinking and best learning practice to a global market. Under a range of well-known imprints, including Financial Times Prentice Hall, we craft high quality print and electronic publications which help readers to understand and apply their content, whether studying or at work. To find out more about the complete range of our publishing please visit us on the World Wide Web at: www.pearsoned.co.uk ACCOUNTING FOR NON-ACCOUNTING STUDENTS Eighth Edition John R. Dyson Pearson Education Limited Edinburgh Gate Harlow Essex CM20 2JE England and Associated Companies throughout the world Visit us on the World Wide Web at: www.pearsoned.co.uk First edition published in Great Britain under the Pitman Publishing imprint in 1987 Second edition 1991 Third edition 1994 Fourth edition published under the Financial Times Pitman Publishing imprint in 1997 Fifth edition 2001 Sixth edition 2004 Seventh edition 2007 Eighth...
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...Annu. Rev. Fluid Mech. 2000. 32:445–476 Copyright ᭧ 2000 by Annual Reviews. All rights reserved SONOLUMINESCENCE: How Bubbles Turn Sound into Light S. J. Putterman and K. R. Weninger Physics Department, University of California, Los Angeles, California 90095; e-mail: putterman@physics.ucla.edu Annu. Rev. Fluid Mech. 2000.32:445-476. Downloaded from arjournals.annualreviews.org by NORTH CAROLINA STATE UNIVERSITY on 08/14/09. For personal use only. Key Words energy focusing, nonlinear dynamics, complexity, hydrodynamics gas bubble, continuum mechanics, shock shape instabilities, chemical hydrodynamics Abstract Sonoluminescence, the transduction of sound into light, is a phenomenon that pushes fluid mechanics beyond its limit. An initial state with long wavelength and low Mach number, such as is realized for a gas bubble driven by an audible sound field, spontaneously focuses the energy density so as to generate supersonic motion and a different phase of matter, from which are then emitted picosecond flashes of broad-band UV light. Although the most rational picture of sonoluminescence involves the creation of a ‘‘cold’’ dense plasma by an imploding shock wave, neither the imploding shock nor the plasma has been directly observed. Attempts to attack sonoluminescence from the perspective of continuum mechanics have led to interesting issues related to bubble shape oscillations, shock shape instabilities, and shock propagation through nonideal media, and chemical hydrodynamics. The...
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...CONTENT Page No 1 2 3 4 5 6 7 8 9 10 Academic calendar Digital Communications Microprocessors and microcontrollers Digital Signal Processing Object Oriented Programming Through Java Managerial Economics And Financial Analysis Digital Signal Processing Lab Microprocessor & Microcontroller Lab Advanced English Communication Skills Lab Object Orient Programming Through Java Lab 2 3 48 85 129 186 217 219 222 224 ACADEMIC CALENDAR VIGNAN INSTITUTE OF TECHNOLOGY AND SCIENCE DEPARTMENT OF ELECTRONICS AND COMMUNICATION ENGINEERING DEPARTMENT ACADEMIC CALENDAR B. Tech Academic Year 2013 - 2014 - II - Semester S.No Event Date th 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Submission of abstracts of main project by IV years Faculty orientation program Commencement of Class work Spell for UNIT – I Instructions Fresher’s day Spell for UNIT – II Instructions Alumni meet VIGNAN TARANG Spell for Unit-III Instructions st nd Assignment -1/ Unit test-1 on I & II Units Submission of results & week students list to Dept Spell for Unit-IV Instructions University I-Mid-Exam- II & IV Year rd University I-Mid-Exam- III Year Spell for UNIT – V Instructions for II &IV years rd Spell for UNIT – V Instructions for III year LAB INTERNAL-1 Commencement of Special classes for Slow learners Spell for UNIT – VI Instructions for II &IV years rd Spell for UNIT – VI Instructions for III year Submission of Mini project title along with guide for III year Spell for Unit...
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...OFFICIAL CATALOG This Catalog contains information, policies, procedures, regulations and requirements that were correct at the time of publication and are subject to the terms and conditions of the Enrollment Agreement entered into between the Student and ECPI University. In keeping with the educational mission of the University, the information, policies, procedures, regulations and requirements contained herein are continually being reviewed, changed and updated. Consequently, this document cannot be considered binding. Students are responsible for keeping informed of official policies and meeting all relevant requirements. When required changes to the Catalog occur, they will be communicated through catalog inserts and other means until a revised edition of the Catalog is published. The policies in this Catalog have been approved under the authority of the ECPI University Board of Trustees and, therefore, constitute official University policy. Students should become familiar with the policies in this Catalog. These policies outline both student rights and student responsibilities. The University reserves the right and authority at any time to alter any or all of the statements contained herein, to modify the requirements for admission and graduation, to change or discontinue programs of study, to amend any regulation or policy affecting the student body, to increase tuition and fees, to deny admission, to revoke an offer of admission and to dismiss from the...
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...International Macroeconomics1 Stephanie Schmitt-Groh´2 e April 26, 2013 Mart´ Uribe3 ın 1 The seeds for this manuscript were lecture notes taken by Alberto Ramos in a course on International Finance that Mike Woodford taught at the University of Chicago in the Winter of 1994. 2 Columbia University. E-mail: stephanie.schmittgrohe@columbia.edu. 3 Columbia University. E-mail: martin.uribe@columbia.edu. ii Contents 1 Global Imbalances 1.1 Balance-of-Payments Accounting . . . . . . . . . . . . . . . . 1.2 The Current Account . . . . . . . . . . . . . . . . . . . . . . 1 1 5 1.3 The Current Account and the Net International Investment Position . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 1.4 Valuation Changes and the Net International Investment Position . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 1.5 The Negative-NIIP-Positive-NII Paradox: Dark Matter? 1.5.1 1.5.2 . . 20 Dark Matter . . . . . . . . . . . . . . . . . . . . . . . 22 Return Differentials . . . . . . . . . . . . . . . . . . . 23 1.6 Who Lends and Who Borrows Around the World? . . . . . . 26 1.7 Exercises . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 35 2 Current Account Sustainability 2.1 Can a Country Run a Perpetual Trade Balance Deficit? . . . 35 2.2 Can a Country Run a Perpetual Current Account Deficit? . 39 2.3 Savings, Investment, and the Current Account . . . . . . . . 41 iii iv 2.3.1 CONTENTS Current Account Deficits...
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...Contents Part A Concept Questions ................................................................................................. A-1 Part B Chapter 2: Chapter 3: Chapter 4: Appendix 4A: Chapter 5: Appendix 5A: Chapter 6: Chapter 7: Chapter 8: Chapter 9: Chapter 10: Chapter 11: Chapter 12: Chapter 13: Chapter 14: Chapter 15: Chapter 16: Appendix 16B: Chapter 17: Chapter 18: Chapter 19: Chapter 20: Chapter 21: Chapter 22: Chapter 23: Chapter 24: Chapter 25: Chapter 26: Chapter 27: Chapter 28: Chapter 29: Chapter 30: Chapter 31: Answers to End-of-Chapter Problems Accounting Statements and Cash Flow ................................................................... Financial Planning and Growth ............................................................................... Net Present Value .................................................................................................... Net Present Value: First Principles of Finance ........................................................ How to Value Bonds and Stocks ............................................................................. The Term Structure of Interest Rates, Spot Rates, and Yields to Maturity ............. Some Alternative Investment Rules......................................................................... Net Present Value and Capital Budgeting ............................................................... Risk Analysis, Real Options, and Capital...
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...This is a good article. Click here for more information. Page protected with pending changes level 1 Bahrain From Wikipedia, the free encyclopedia Changes must be reviewed before being displayed on this page. Jump to: navigation, search For other uses, see Bahrain (disambiguation). Kingdom of Bahrain مملكة البحرين Mamlakat al-Baḥrayn Flag Coat of arms Anthem: نشيد البحرين الوطني Bahrainona Our Bahrain Sorry, your browser either has JavaScript disabled or does not have any supported player. You can download the clip or download a player to play the clip in your browser. Location of Bahrain (circled in red)in the Arabian Peninsula (light yellow) Location of Bahrain (circled in red) in the Arabian Peninsula (light yellow) Capital and largest city Manama 26°13′N 50°35′E Official languages Arabic Ethnic groups (2010[1]) 46% Bahraini 45.5% Asian 4.7% other Arabs 1.6% African 1% European 1.2% Other Religion Islam Demonym Bahraini Government Unitary parliamentary constitutional monarchy - King Hamad bin Isa Al Khalifa - Crown Prince Salman bin Hamad bin Isa Al Khalifa - Prime Minister Khalifa bin Salman Al Khalifa Legislature National Assembly - Upper house Consultative Council - Lower house Council of Representatives Independence - Declared Independence [2] 14 August 1971 - from UK [3] 15 August 1971 Area - Total...
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...PRINCIPLES OF COST ACCOUNTING This page intentionally left blank PRINCIPLES OF COST ACCOUNTING 15E E D W A R D J. V A N D E R B E C K Professor Emeritus Department of Accountancy Xavier University Principles of Cost Accounting, 15th Edition Edward J. VanDerbeck ª 2010, 2008 South-Western, Cengage Learning ALL RIGHTS RESERVED. No part of this work covered by the copyright herein may be reproduced, transmitted, stored or used in any form or by any means graphic, electronic, or mechanical, including but not limited to photocopying, recording, scanning, digitizing, taping, Web distribution, information networks, or information storage and retrieval systems, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without the prior written permission of the publisher. Vice President of Editorial, Business: Jack W. Calhoun Acquisitions Editor: Matt Filimonov Developmental Editor: Lauren Athmer Marketing Manager: Kristen Hurd Marketing Coordinator: Heather McAuliffe Content Project Manager: Corey Geissler Production Technology Analyst: Starratt Alexander Media Editor: Scott Fidler Sr. Manufacturing Coordinator: Doug Wilke Production Service: Cadmus Sr. Art Director: Stacy Shirley Internal Designer: Jennifer Lambert, Jen2Design, LLC Cover Designer: cmiller design Cover Image: ªGetty Images For product information and technology assistance, contact us at Cengage Learning Customer & Sales Support, 1-800-354-9706 For permission...
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