...facilitates the players to purchase and sell the papers with the central bank. The entire price sold and purchase will be determined by BNM, so that they can maintain the system to record any movement in GII. Bank Negara Monetary Notes-i (BNMN-i) is an Islamic securities replacing Bank Negara Negotiable (BNNN) issued by Negara Malaysia. The purpose of these securities is to manage the liquidity in the Islamic financial market and BNMN-i also one of the instruments that followed Shariah requirement and using Islamic principles. Zero credit risk is assigned because of the benefits which are issued by Bank Negara Malaysia. The tenor issued is between 21 days to a year. Sell and Buy Back Agreement (SBBA) is between two parties which are the sellers (owner) and the buyers (investor). SBBA is an Islamic Money Market transaction based on Bankers Acceptance and also has in compliance with Shariah requirements. Buyers buy the instruments sold by the sellers. Sellers sell them for funding purposes and the buyers buy them for investment purposes. Both parties involved in separate agreements in which the buyers agreed and promise to sell back the said asset to the sellers with an agreed price. Cagamas Mudharabah Bank was introduced by Cagamas Berhad in 1 March 1994. Their aim is to finance the purchase of Islamic housing debts from financial situations which provide Islamic house financing to public. This bond also been structured by the concept of Mudharabah. The bondholders will share...
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...MP A R Munich Personal RePEc Archive The Islamic Inter bank Money Market and a Dual Banking System : The Malaysian Experience Bacha, Obiyathulla I. INCEIF the Global University in Islamic Finance 2008 Online at http://mpra.ub.uni-muenchen.de/12699/ MPRA Paper No. 12699, posted 13. January 2009 / 09:41 The Islamic Inter bank Money Market and a Dual Banking System: The Malaysian Experience. (1st Draft : June 2007) (1st Revision : September,2007) (This revision: March, 2008) Obiyathulla Ismath Bacha Dept. of Business Administration College of Economics and Management Sciences International Islamic University, Malaysia obiya@iiu.edu.my ………………………………………………………………………………………….. The author gratefully acknowledges Rahmatina Kasri for her research assistance, as well as that of participants of the 2nd International Islamic Financial Markets Conference, Bahrain, for the useful comments Abstract This paper examines the operation of an Islamic Inter-bank Money Market (IIMM), within a dual banking system. The paper argues that even though an Islamic money market operates in an interest-free environment and trades Shariah-compliant instruments, many of the risks associated with conventional money markets, including interest-rate risks are relevant. The empirical evidence, based on Malaysian data, points to Islamic money market profit rates/yields that are highly correlated and move in tandem with conventional money market rates. Given the dynamics of fund flows and...
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...HR and Business Acronyms AA 1.) Affirmative Action 2.) Adverse Action AACU American Association of Colleges and Universities AAO Affirmative Action Office AAP Affirmative Action Plan AAR Average Annual Return AARP American Association of Retired Persons ABF Asset Based Financing ABM Activity Based Management ABMS Activities Based Management System ABS Asset Backed Security ACH Automated Clearing House AD & D Accidental Death and Dismemberment ADA Americans with Disabilities Act ADEA Age Discrimination and Employment Act ADL Activities of Daily Living ADP Automatic Data Processing ADR Alternative Dispute Resolution AE Account Executive AED United Arab Emirates AFL-CIO American Federation of Labor and Congress of Industrial Organizations AFSCME American Federation of State, County and Municipal Employers AJB Americas Job Bank ALC Alien Labor Certification ALEX Automated Labor Exchange ALJ Administrative Law Judge ALM Asset Liability Management AM Asset Management AMA 1.) American Management Association 2.) American Medical Association AMPS Auction Market Preferred Stock ANSI American National Standards Institute AP Accounts Payable AR Accounts Receivable APB Accounting Principles Board APR Annual Percentage Rate APV Adjusted Present Value APY Annual Percentage Yield ASAE American Society of Association Executives ASB Accounting Standards Board ASHHRA American Society for Healthcare Human Resources Administration ...
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...DIE MEUTEREI VON OPIS (ARRIAN VII, 8; ii, M. LEWIS I-7) Alexander versammelte - so berichtet Arrian (8, i) - nach der Ankunft in Opis die Makedonen und gab bekannt, daB er die wegen ihres Alters oder k6rperlicher Schaden kriegsuntauglichen Soldaten entlasse und nach Hause T?'c wo'epou5 schicke. Dann heiBt es weiter: &e'=UacL 8i tLvouatv 6am m'Uro6r k4 TrO hiLV r&v ,nOLtaeL tOLg OLXOLxat T0u5 &Xtouq Maxe86v%q 4op.L'= u,rv xLv8u'vv re xot' i6v&v 'eTrXEv.Da Arrian spater (I2, i) berichtet, daB die abziehenden Veteranen zusaitzlichein Talent bekamen, wird man wohl aus das Wort pLvouaLv dem Text streichen mussen2. Im nachsten Satz wird Alexanders Verhalten erlautert: er sagte dies, um den Soldaten einen Gefallen zu tun. Dann wird auf die Reaktion der Soldaten ' The good manuscript S has Ockov for N&xov in Plut. Them. 25. 2, a passage which foUows Thucydides I I37 very closely. It is tempting (see Gomme I p. 398) to suggest that Plutarch had a manuscript reading ()&cov in this passage, and there is some reason to believe that Plutarch's library contained manuscripts differing from the vulgate of his day. (See G. Pasquali, Storia della tradizione e critica del testo, Florence, 1934, p. 214 n. 3. The evidence for P.'s text of T. is scanty, but there are one or two passages which deserve more consideration than they have received.) A journey from Macedonia to Ephesus is more likely to touch at Thasos than at Naxos, and we are spared the hypothesis that Themistocles...
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