...The Joint Mudarabah (Mudarabah Mushtarakah) Concept 6 3.2 Main Features of the Mudarib Mushtarak 8 3.2.1 The Conditions Issue 8 3.2.2 Capital Guarantee Issue 8 4 Accounting Issues in Mudarabah Contract 9 4.1 Profit Distribution 9 4.2 Reporting and Presentation 12 4.3 Agency Problem 13 5 Conclusion 14 6 Bibliography 16 Introduction Islamic banking and finance (IBF) emerged as an alternative from conventional banking and finance. IBF are different from conventional banking and finance as their objectives, operations, principles and practices must compliance with Islamic ethics and Islamic law (Shari’ah). Among other things, Shari’ah prohibits dealing in interest (riba), gambling and undertaking speculative transactions which subject matter and outcome are unknown (gharar), while it requires transactions to be lawful (halal). Therefore, IBF have tended to modify the conventional banking and finance, interest model to non-interest operations. So, paying and receiving of interest unallowable in IBF because of interest, again, is prohibited (haram), thus how do IBF operate? Here partnership financing arrangements come in, substituting profit-loss sharing for interest as a method of resource allocation. Although a large number of different contracts feature in Islamic financing, one of...
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...market offers significant risks… The management of the company is now in the hands of a young dynamic team of managers who want to improve the performance of the organization, building on its current success. And they realized that benefits of foreign markets. And also the management team is aware of big changes in international trading that have occurred over the last 10-15 years with the Chinese economy becoming more market-based and the more recent impact of China joining the World Trade Organization in December 2001. 2) Before deciding which international markets to enter, you have recognized the market. Information must be up to date. And must be realistic. In the past, collecting information was very difficult. But nowadays all the information on hand. Because some international intuitions’ collect information nearly all countries. We can get this information from mail, phone, and internet sites....
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...Islamic Banking and Finance: History Development Slide #1 Some Issues History Of IBF Development of IBF -Overview- 2. Islamic Banking and Finance: History and Development History and Development of IBF in Bahrain Full Fledged IB vs. IB windows • Word ‘bank’ comes from the word ‘banco’ - A table or a bench on which Italian money-changers used to display their monies and records and conduct their transactions History of Islamic Banking and Finance • Arabic financial and economic system preIslam – Trading based arrangements were common • Bay’ al-musawamah (bargaining) • Bay’ al-muzayadah (auctioning) • Bay’ al-amanah (trust sale) – Al-murabahah (resale with profit) – Al-tawliyyah (resale at cost) – Al-wadiah (resale at loss or below cost) History of IBAF- (2) – Barter trade was common – Al-sarf (money exchange) • Lack of standardization – for e.g., 10 grams of gold in coin form = 15 grams of gold in bracelet form – Institutionalization of riba – Widespread gharar and maysir – Monopoly, fraud and economic injustice was common History of IBAF- (3) • With the advent of Islam, – Eradication of riba institutions and practices – Eradication of gharar transactions – Institutionalization of fair and equitable markets • No monopoly, fraud • Standardization of money and commodity exchanges – Hadith on the six commodities – Islamization of many business organizations and institutions • Mudarabah, musyarakah, salam, muzara’ah (sharecropping or partnership...
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...A.Rajasekhar (IBF) 1226211201 India’s Trade Partners Introduction India’s current share of the world merchandise trade is 1.1 % and Services trade is 2.7 %. In merchandise trade, India’s target is to reach 5 % of the world trade by 2020. Along with improving export competitiveness, it is also important to improve information base regarding trade policy regime of India’s main trading partners and identify areas which impede market access of Indian goods and services. The present report is an endeavor in this direction capturing the market access barriers faced by Indian exporters in its major trading partners and other select countries, 24 in all. Major trading partners: Exports: Major Export trading partners through which India trading are UAE 12.87%, US 12.59%, China 5.59% . The principal commodities of export include petroleum products, oil meal, gem and jewellery, electronic goods, cotton yarn/readymade garments, cotton, machinery & instruments, primary/semi-finished iron & steel, transport equipment, marine products, drugs/pharmaceuticals, inorganic/organic/ agro chemicals, dyes/intermediates etc. Imports: Major Import trading partners through which India trading are China 10.94%, US 7.16%, Saudi Arabia 5.36%, UAE 5.18%, Australia 5.02%, Germany 4.86%, Singapore 4.02% (2009). The major commodities imported from this region are coal/coke/briquettes, gold, vegetable oils, electronic goods, organic chemicals, machinery except electrical machinery...
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...Islamic Banking Malek Alraddadi 02-24-2014 FIN-610 Introduction This study debates upon the history of Islamic banking. What are the ethical issues involved in the implementation of Islamic banking. Since the birth of Islam what type of steps are taken and by whom these measurements were taken. Besides this this paper also declares the response and customers point of view regarding Islamic banking with the help of different studies. History of Islamic banking The term Islamic banking got regular in the 1960's, however the systems and thoughts of the framework were suggested and operated since the beginning of Islam. Numerous studies and explores have indicated that Islamic money components were utilized within the Muslim world all around the Middle Ages; in leading exchange and business exercises. Charging investment on credits was not regular in those days. The first run through investment bearing credits were generally utilized within the Muslim world, particularly in the Middle East, was throughout the Ottoman Empire's governed in the fifteenth century. Mehmet Ebusuud Efendi, the senior Islamic minister of the Ottoman Empire, issued a fatwa (decision) permitting the charging of investment and thinking of it halal (allowable) as long as it was underneath 10%. Despite the fact that it was clear in The Holy Quran that investment was strictly disallowed, practically nobody could challenge the senior Islamic priest's decision since testing him might mean testing the...
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...DETRMINISTIC SEISMIC HAZARD ANALYSIS OF CENTRAL GUJARAT REGION STUDENT GROUP: HARDIK JARIWALA (10BCL001) PARTH LAKHANI (10BCL006) ARJUN SHAH (10BCL012) AMAN DOSHI (10BCL014) DEPARTMENT OF CIVIL ENGINEERING SCHOOL OF TECHNOLGY PANDIT DEENDYAL PETROLEUM UNIVERSITY GANDHINAGAR – 382007, GUJARAT, INDIA MAY 2014 © Pandit Deendayal Petroleum University, 2014 DETRMINISTIC SEISMIC HAZARD ANALYSIS OF CENTRAL GUJARAT REGION by STUDENT GROUP: HARDIK JARIWALA (10BCL001) PARTH LAKHANI (10BCL006) ARJUN SHAH (10BCL012) AMAN DOSHI (10BCL014) Department Of Civil Engineering Supervised By: Dr. Tejaskumar P Thaker.(Ph.D IITD) Submitted in fulfillment of the requirements of the degree of Bachelor of Technology to the PANDIT DEENDAYAL PETROLEUM UNIVERSITY GANDHINAGAR -382007, GUJARAT, INDIA MAY 2014 CERTIFICATE This is to certify that the thesis entitled “DETERMINISTIC SEISMIC HAZARD ANALYSIS OF CENTRAL GUJARAT REGION” being submitted by students group to the PANDIT DEENDAYAL PETROLEUM UNIVERSITY, GANDHINAGAR for the award of the degree of BACHELOR OF TECHNOLOGY is a record of the bonafide research work carried out by him. They have worked under my/our guidance for the submission of this thesis, which to our knowledge has reached the requisite standard. The thesis or any part thereof has not been presented or submitted to any other University or Institute for any degree or diploma. Student Group: (1) Hardik Jariwala (10BCL001) (2)...
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...Abstract This report is to discuss about the reason why Yellowstone Cattle Bank (YCB) will be the prefer transaction. The first part will analyse which type of leverage buy out (LBO) YCB belong to, thus find out the ways to get success in this transaction theoretically. The second part of this report will elaborate and analyse the pros and cons by choosing YCB surround different steps of whole transaction. Define the type of deal in YCB transaction According to the information provided by the case and the definition of variety of Private Equity investments, in this case Yellowstone Cattle Bank is involved in both Platform roll–up and growth LBO. From the information that provided, YCB is operated in a fragmented and consolidated industry and the company have opportunities to reduce the operating cost at future, these two points illustrated that it is obvious YCB transaction is a platform roll–up type Private equity deal. However to investigate deeper of the company background the Private Equity firm can also rely on the operating income growth to achieve successful and However if the company need to achieve the growth continuously, Newport’s must have the assist from the CEO due to his industry familiarisation and the previous result that he got. It is barely impossible to find a new manager to have similar managing experience in this industry. When he was founding the company at the same time that amazon are just launch, it prove that his experience is un-doubtable. The...
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...“Comparative analysis of packaged drinking water of Kingfisher with other market players” Name of the Organization: UNITED BREWERIES GROUP (UB GROUP) Name of the Company : KINGFISHER LIMITED Manufactured & Marketed By: ICEBERG FOODS LIMITED Project Head & Supervisor: Mr. Mangesh Arnalkar (Regional Sales Manager) Project Duration: 7th June 2010 to 30th July 2010 2 The study was made to improve the Kingfisher’s market potential in the Pune market in retail segment, and for this I had undertaken the above mentioned project. During my summer training at Kingfisher IBF LTD., I completed the project in corporate sale and market share of packaged drinking water product of Kingfisher IBF LTD. And the focusing areas of my study were as follows:- A detailed study, consisting of product variety, corporate sale etc. of packaged drinking water of KINGFISHER IBF LTD. An observational study packaged drinking water industry and market share of KINGFISHER IBF’s products. A detail understanding of all the competitive brands of KINGFISHER IBF’s packaged drinking water. Assessing the brand awareness of Kingfisher in Packaged Drinking Water segment. Finding out the basis on which, dealers and customers, prefer buying Packaged Drinking Water. My project was to support sales promotion for ICEBERG FOODS LIMITED. It was carried out in PUNE city. The place is heavily industrialized, but most of the people were not aware of our product. Main work...
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...anywhere on the spectrum from the dream to the nightmare. PCI Associates 2 Why Do Organizations Plan? To anticipate and prepare for the future To ensure adequate and available resources To complete projects on time To avoid problems To establish backup plans To ensure we don’t forget tasks To determine potential results PCI Associates 3 What’s The Alternative? The alternative to planning is NOT planning, & businesses that do not plan are extremely difficult to control and manage: EXPEDITING is endemic Drift from Crisis to Crisis Priorities change from minute to minute High Stress diminishes customer service Costs are difficult to contain PCI Associates 4 What needs to be planned? Resources Information Systems Finances Services Products Materials Labor Equipment Facilities 5 PCI Associates SALES AND OPERATIONS PLANNING PCI Associates 6 Sales and Operations Planning All functions are aligned on one business plan CUSTOMER Strategic Plan Business Plan Sales and Operations Planning (Integrated set of Numbers) Mfg. Lab Finance HR Sales & Mktg. Aggregate Sales Plan Key Accounts Recruitment and Training Plans Territories Prd’n Plan Master Schedules Inventory Plan Raw Material Schedules New Product Development Plans Data Integrity Simplified Reporting and Accounting Capital Expenditure Plans People and Skills Req’ts Detailed Plans and Milestones Countries PCI Associates DM Program Resources and Education on US-Dylan - Doc #379...
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...strategies of these two major vendors and analyzed how the market would respond. But, going a mile further, there are some important areas where the synergy and a bridge between MBS and the rest of the "classic" Microsoft world could take place, such as the previously mentioned "user experience" mantra. The basic hypothesis is that Office (i.e., Word, Excel, and Outlook) constitute the core of the user experiences of many millions of existing and prospective desktop customers. Leveraging that ubiquitous look-and-feel acquaintance in the MBS product lines (and in those of rapidly increasing independent software vendors [ISV]) is something that can add tremendous clout to MBS sales efforts—with the supposedly minimal training for the information technology (IT)-resource constrained SME market. In fact, the ongoing Outlook, Excel, or Word user interface (UI) metaphor moves may speak volumes about where the entire market is going. Possibly the most vocal in that regard could be the recent announcement made by Microsoft and SAP that they are jointly developing a product that will integrate back-end SAP business processes and transactional data into Microsoft Office front-ends. The product, code-named Project Mendocino, whose beta release is due out in the fourth quarter of 2005, with full availability slated for next year, promises to bridge the disparate worlds of mySAP ERP instances and Office desktop applications, and is aimed at mySAP ERP and later releases and Office 2003...
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...Welfare Services of Islamic Banks Introduction Welfare is a condition of having good health, comfortable living and pleasant working conditions (Hornby). Hence, it can be said that welfare services are those which ensure conditions of having good health, comfortable living and working conditions, which are generally one's basic needs. Islam views work as the primary means of earning and acquiring income and wealth. As such, a well-known example may be cited here, Recall a beggar who approached the Prophet Muhammad (Pbuh) for alms, he (the beggar) was asked to bring what he had in his house. Accordingly, the man brought a blanket. The Prophet (Pbuh) asked him to sell it out and buy an ax, which could then be used to cut wood from the jungle to sell at the market for income. Thus, instead of begging, he could be self-reliant which is more dignified life than begging. Therefore, in the Islamic way of life, productive and remunerative work (employment and self-employment) and consequently real income becomes the primary source for buying necessities such as food, clothing, shelter, household goods, transportation, fuel and medicines. But if real income is not sufficient to purchase necessities of life, then welfare services become essential in a society to maintain the minimum standard of living of the people. In fact, in every society, there are many people who lack the necessary income and, consequently, face inadequate lifestyles due to unemployment and under-employment. Their...
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...limitations we have faced while completing the term paper. At every stage in this study we have been tried to be done with reasonable level of competence in the field of Human Resource Department. Despite of these efforts some internal and external shortcomings have been observed while doing the information collection, field working and editing and analyzing the data obtained from the respondents. The major limitations are as the followings: 1. Most of the respondents are not encourage to our survey, so a big portion of response error has been occurred at the initial stage. 2. No pre-contact with the employees have been ensured prior to the survey, which was necessary. 3. Relevant papers and documents were not available sufficiently because of confidentiality. In many case, up to date information is not available. The lack of knowledge about the sources of secondary data is also a limitation of this study. 4. Information was taken by bank from Dhaka city in one Branch only; it does not represent the rest of the country. 5. Some of the options are not adequately categorized. Where the information about the compensation of the employees as their demographic information has to be given; there could be a customize option for Compensation. This limitation results in a number of response errors. 6. In some cases lack of coordination with the some of the employees has caused turbulence & confusion while creating the report. It also has affected the...
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...Competitive Strategies, Positioning & Branding of DTH Companies in India ABSTRACT In early 2000’s India saw its first Direct To Home (DTH) company emerge in the form Essel Group’s Dish TV Network. Tata Sky as an offering from the house of Tata’s came in 2006. Later on five more players joined the industry. By 2010 the industry was turning very aggressive & all players fiercely fought competition. Not just market leader & challenger but all players in the industry were playing with keen interest because of the size of this industry in India. The Indian DTH Market is projected to become the world’s largest DTH Market in 2012 itself. The regulations that necessitate digitization of television content & signals will also drive the sale of this product in the time to come. The advantage over cable & satellite service providers that it gives, rural & remote transmission because of wireless service, technological advances like electronic program guide that it provides makes it an enticing product for consumers. In race to acquire maximum customers companies have been fiercely fighting on the price point as well. Doordarshan’s DD Direct Plus with a conglomeration of free to air channels only plays at a different level for rural masses & economy seekers. The competition in the mainstream is mainly between the Dish TV & Tata Sky, with Airtel Digital TV, Reliance Big TV, Videocon D2H & Sun Direct Plus playing on a different platter. It becomes...
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...Promoting “Play Philippines” to the world requires a united effort and a dedicated service of all concerned citizens of this beautiful country. This 2009 Philippine Index of Sports Tourism Sites and Destination will not materialize without the many articles, pictures, images, notes and insights of people and institutions used or borrowed for the purpose of selflessly projecting the Philippines to the world as a one-stop-action destination where sports from A to Z (Angling to Zip Lines) can be learned, experienced and played anywhere across the Philippines. We deeply express our gratitude to all those whose work of art, books, publications and literature have been used to make this initial databank effort worthy of guiding those that seek information for the advancement of Philippine tourism and of our country’s tourism (business) industry. This effort is made to praise God for the blessings of topography that He has endowed to this country. CYNTHIA L CARRION Undersecretary, Sports and Wellness Tourism Play Philippines One-Stop Action Destination SITES/FACILITIES National Capital Region PHILIPPINE SPORTS COMMISSION City of Manila ELORDE BOXING GYM Paranaque City ELORDE BOXING GYM AT ROCKWELL CENTER Makati City ELORDE BOXING GYM AT GOLD‟S GYM Quezon City ELORDE BOXING GYM AT GILMORE QC Quezon City ELORDE BOXING GYM AT KATIPUNAN Quezon City ELORDE BOXING GYM AT MANDALUYONG Mandaluyong City ELORDE BOXING GYM AT SAMPALOC Manila ELORDE BOXING GYM AT SM SOUTH MALL Las Pinas City...
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...Banking plays an important role in the economy of any country. In Bangladesh Muslim holds the majority of the population. Though, no Islamic banking but only traditional banking system was developed here till 1983. However, interest is absolutely prohibited in Islam. The main aim of traditional banking is to earn profit by borrowing and lending money in exchange of interest. As a result there is an unfair competition among the bankers and among the customers. The people of this country are profoundly committed to Islamic way of life as enshrined in the holy Qur‟an and the Sunnah. Naturally, it remains deep in their hearts to fashion and design their economic lives in accordance with the precepts of Islam. The establishment of Islami Bank Bangladesh Limited on March 13, 1983, is the true reflection of this inner urge of its people, which started functioning with erect from March 30, 1983. Now, a question may arise- „what is Islami Banking?‟ According to OIC- “Islamic bank is a financial institution whose status, rules and procedures expressly state its commitment to the principle of Islamic Shariah and to the banning of the receipt and payment of interest on any of its operations.” This bank is the first of its kind in South-East Asia. It is committed to conduct all banking and investment activities on the basis of interest fee profit-loss sharing system. In doing so, it has unveiled a new horizon and ushered in a new silver lining of hope towards materializing a long cherished...
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