Wednesday, August 26, 2020
Question: Examine about the Disease Management on Treatment Adherence and Patient. Answer: The job of social insurance colleagues in the examination procedure The human services group includes experts from various particular space including clinicians, medicinal services scientist, enlisted nurture, doctor, professional, clinical chiefs, social specialists, and asset director and data organizer. Every one of the colleagues are allocated with a particular work in the exploration procedure. The clinicians are the core of clinical dynamic. While leading an examination work, they give productive information about demonstrative or treatment decision, if there is absence of data in the tem for the exploration subject (Boswell and Cannon 2012). Then again, social insurance specialists accumulate and break down the proof from numerous sources on ongoing accessible treatment choices. The human services strategy producers plan general wellbeing arrangements based on proof based exploration discoveries. Experts give data and incorporate creative innovative help for improving exploration discoveries. The asset administrator handles all the asset relat ed angles including the monetary parts of the examination. Data organizer facilitates data accumulated from all the assets and the colleagues and masterminds this data in a methodical way (Munhall 2012). Enrolled nurture, clinical and assume a critical job to guarantee clinical exploration are running easily and members are protected and completely educated. Exploration and proof based practice is broadly utilized in current clinical practice. Hence, in view of new patterns in research, the territories of nursing and clinical medicinal services have been changed in a few different ways. For example, the job of attendants has been changed a ton dependent on the exploration and proof based structure. In current practice, development of particular job like CNS, CNR, CNL and DNP has contributed fundamentally in the improvement of nursing and clinical human services practice. CNS (Clinical medical caretaker master) is an enrolled nurture, who has extra obligations in clinical instruction and responsibility.CNS can interface examination to rehearse, along these lines upgrading the adequacy of clinical practice (Grove et al. 2014). CNR (Clinical attendant specialist) is a medical caretaker with clinical and research understanding, who can use her potential in both exploration and clinical practice. The developing job of CNL (clinical attendant pioneer) and DNP (doctorate in nursing practice) has contributed possibly to the headway of collective nursing examination and EBP. The nature of a medicinal services unit is resolved with the boundaries identified with the counteraction of infections and intense consideration. The constant sickness and palliative consideration the board are not many of different zones, which decide the presentation of the current social insurance framework (Taylor et al. 2014). With regards to the advanced days, where the absolute quantities of patients with interminable sickness are expanding, it is basic that the branch of the constant malady the board requires further improvement with the assistance of further examination. The interminable infections, including diabetes, hypertension and a lot more are not many of the significant medical problems in the advanced days (Hamine et al. 2015). The incessant malady the executives in the cutting edge days will assist the general doctors with planning the treatment of the patients. The examination needs to concentrate on multi-disciplinary methodology of the incessant ailment. The side effects of the constant illness in the more drawn out terms can possibly give long haul harm to the organ arrangement of the body. With the assistance of the further examination it is conceivable to decide whether a patients is qualified for ceaseless malady the executives. This will assist the general doctors with dealing furnish care to the patients with basic conditions. The incessant ailment the executives will likewise assist with deciding the job of individual attendant and medicinal services laborers in dealing with the patients. It is likewise the obligation of the ceaseless illness the board to decide the way of life routine of patients, which is additionally a significant part other than giving fixed drugs. As the interminable ailment like malignant growth requires long haul care, it is basic that alongside the ceaseless illness the executives, the drawn out consideration the board can work as a team with one another. It is basic for the ceaseless illness division have the capacity to analyze the sickness as in numerous events the infection goes undetected and in this manner cause mischief to inward organs peacefully. With the assistance of legitimate finding it is conceivable to get ready for the drawn out consideration, which is required for the individual patients. Value and decency is significant in nursing practice, for example clinical practice or examination work. Reasonable incorporation and fair treatment rather than sexual orientation or age separation is significant in nursing research, particularly, as the exploration is identified with the wellbeing and prosperity of the members. People have comparable rights to get treatment. Be that as it may, in light of the age gathering, treatment thought can be extraordinary, which may include palliative consideration. By and by, the sex thought or separation dependent on sexual orientation, ought not happen in the examination work or clinical practice (Munhall 2012). The members ought to aimlessly treat or considered disposing of sexual direction, sex or age. The moral issues in the exploration are one of the prime regions of worries for the agents. Security and privately is serves to guarantees that all the information and data, which are being distributed in the examination work and distributed preceding taking authorization from the worry individual or association (Waycott et al. 2015). The specialists likewise need to take authorization from the members before directing the study. The members likewise need to have full participation while giving response to the study questions. Wellbeing and security is another significant territory of worries for the examination morals. The examination plan in this current investigation is a graphic observational examination structure in a quantitative system, by utilizing study at one time-point. Strategy/s of information assortment The scientist utilized the essential information, which is gotten from the review of the at the Nursing school. The study poll was planned utilizing the strategy of Kryiacos of 2011. The physiological factors of the members were utilized as the premise of like the pulse, breath, pee yield and systolic BP. The scope of ordinary temperature was utilized as the premise to portray the oxygen immersion level of a person. The reacts, which were gotten was assessed with the assistance of the single boundaries and is checked 1 to 3. The degree of clinical hazard was shown with the assistance of the size of the National Early Warning Score (Leonard and Kyriacos et al. 2015). Discoveries/results Just 43.5% of the all out respondents had finished the overview. The greater part of the last year female understudies had a place with the age classification of 25 years and have Afrikaans as their first language. There was a measurable relationship between the sexual orientation and the decision of language. The majority of the respondents can identify the early indications of crumbling. By and large 288 reactions were acquired from the class of high score of MEWS 3, 226 from MEWS 2 and 96 from MEWS 1, which is low score(Leonard and Kyriacos et al. 2015). Scattering of discoveries For scattering the discoveries of the investigation, creators distributed their exploration discoveries in the diary named Nurse Education Today, which is being distributed by the Elsevier distributer, which has its headquarter in Amsterdam, Netherland. Any age and sex issues From the review results, it has been seen that the greater part of the respondents were female, which is 85.7 %. In this way, a huge inclination for ladies has been discovered, which may influenced the examination discoveries. What's more, sexual orientation segregation was likewise seen as, just 3.9 % has been seen to had a past confirmation in nursing, which is 80.5 % in the event of 62/77 age gathering. Any social or strict issues One key social issue has been distinguished in the exploration, which is the semantic hindrance. Creator gave the guidance just in English language. Be that as it may, the vast majority of the members had Afrikaans and IsiXhosa as the main language, in this manner they probably won't have the option to comprehend the study questions. From the aftereffect of overview it has been uncovered just 13 % respondents had a language inclination for English and most language inclination was towards Afrikaans and afterward for isiXhosa, which are of 42.9 % and 40.3 % individually. Reference Boswell, C. what's more, Cannon, S., 2012. Prologue to nursing research. Jones Bartlett Publishers. Woods, S.K., Burns, N. furthermore, Gray, J.R., 2014. Understanding nursing research: Building a proof based practice. Elsevier Health Sciences. Hamine, S., Gerth-Guyette, E., Faulx, D., Green, B.B. what's more, Ginsburg, A.S., 2015. Effect of mHealth ceaseless ailment the executives on treatment adherence and patient results: a precise review.Journal of clinical Internet research,17(2), p.e52. Leonard, M.M. furthermore, Kyriacos, U., 2015. Understudy attendants acknowledgment of early indications of strange crucial sign recordings.Nurse training today,35(9), pp.e11-e18. Munhall, P.L., 2012.Nursing exploration. Jones Bartlett Learning. Nieswiadomy, R.M., 2011. Establishments in nursing research. Pearson Higher Ed. Taylor, M.J., McNicholas, C., Nicolay, C., Darzi, A., Bell, D. also, Reed, J.E., 2014. Efficient survey of the utilization of the plandostudyact strategy to improve quality in healthcare.BMJ quality safety,23(4), pp.290-298. Waycott, J., Guillemin, M., Warr, D.J., Cox, S., Drew, S. also, Howell, C., 2015. Re/detailing Ethical Issues for Visual Research Methods.Visual Methodologies,3(2), pp.4-15.
Saturday, August 22, 2020
Question: Examine about the Australian Corporations and Securities Legislation. Answer: Area 198a of the Corporation Act 2001 Any organization enrolled in Australia is administered by the arrangements set down in the Corporation Act 2001 and they are applied to these organizations as replaceable standards either by the Corporation or the constitution or both. It applies essentially to organizations which are shaped after segment 135(1) started. Further organizations that don't have their very own constitution fall consequently under the class of replaceable standards. Arrangements that apply to the forces and obligations of a chief fall under replaceable guidelines of segment 135 of the Act. It falls under area 198A (Australian Institute of Company Directors, 2006). Segment 198A arrangements with the forces of the top managerial staff of an organization which is recorded in the Australian Stock Exchange. The said area is isolated into two sub segments. Segment 198 A(1) which counts the way that it is the obligation of the executives to deal with the matter of an element. They are the workers of the organization who are selected by the investors of an organization to deal with the day by day business. They are mindful making an incentive for the cash contributed by the investors. Area 198A(2) manages the forces that the chiefs are deliberated with to practice separated from any such powers with the said Act or the companys constitution characterizes to be practiced in the comprehensive gathering of an organization solely (Tomasic et.al. 2002). The forces of the chiefs are sufficiently wide to cover practically all the regions aside from some critical positions which just the proprietors are fit to work out. Along these lines the accompanying area was a need to manage the chiefs what powers they have for directing the matter of an organization viably. Area 191 of the Corporation Act 2001 In this business world it was discovered that there are numerous occasions where executives may wind up going into an agreement with an organization where in he has irreconcilable situations which isn't in accordance with the precedent-based law, for example, on account of Transvaal Lands Co v New Belgium (Transvaal) Land and Development Co  2 Ch. 488. This lead to the presentation of legal revelation rule as area 191 presented in the Corporation Act 2001 by the CLERP Act (Commonwealth Consolidated Acts, 2001). The said segment requires the chiefs to unveil their material individual intrigue assuming any, while going into an agreement for the organization. He is required to give a composed notification about his enthusiasm specifying the multifaceted nature of the circumstance to different chiefs of the board. Anyway it doesn't have any significant bearing in the event that he is simply accepting compensation from the other organization or has recently given an assurance to reimbursement. The intrigue ought to be made a piece of the minutes of the gathering of the organization (Cassidy, 2006). The principle explanation behind the consideration of this divulgence area was to protect the enthusiasm of the organization and that a choice can be tken with respects an agreement without preference. In this way since in the history there has been issues wherein due to non-exposure of enthusiasm of the chiefs in a specific agreement the companys benefits or notoriety or choice has influenced. Hence to defend the equivalent and force self-guideline over the demonstrations of the executives the said segment was presented in the Corporation Act 2001 (Legal Services Commission, 2012). Area 250r(2) (3) of the Corporation Act 2001 Area 250R (2) of the Corporations Act 2011 was presented in the year 2011 by a change in the Corporation Amendment (Improving Accountability n Director and Executive Remuneration) Act 2011. It indicates that if in two gatherings consistently in excess of a fourth of the investors vote against the compensation bundle offered to an executive then the said chief should represent the races again inside a quarter of a year or to be exact inside 90 days. The said segment got compelling from 01st of July 2004. It essentially presents to the way that at any AGM one of the four necessary organizations to be led incorporates compensation of the executives also. In this manner the said report ought to be put to cast a ballot by all the investors before the compensation of the executives are fixed. This secures the enthusiasm of the organization and stops it to pay extra or unusually high to the chiefs of the organization (CCH, 2011). The said area for the most part empowers fortifying of the connection between the executives and the investors of the organization. Anyway numerous pundits have casted a ballot against this segment as it weakens the intensity of the chiefs somewhat. Further it additionally influences the presentation of the officials in both negative just as positive way. Segment 250R (3) was likewise presented alongside the said segment 250R(2) on 01st of July 2004 which expresses that the votes threw for the said goals is warning in nature and not official upon the chiefs or the organization in essence. In this way the said area plainly determines that the executives are will undoubtedly stick to the said goals and is just utilized as a warning. Along these lines the two segments are between identified with one another. The goals with views the compensation is warning as there are conditions wherein the investors delegate intermediaries who don't have a lot of thought regarding the organization and ay wind up making a choice which isn't directly in its actual sense. Further, Australian Contracts are for the most part of a shorter time hole and consequently it might likewise influence the compensation sum being chosen by the investors at the AGM. There casting a ballot on occasion may prompt throwing or taking choices which are wrong in this manner t he said area was incorporated to defend the chiefs from enduring the worst part of any such choice which would be clashing with respects the obligations they perform. References: Australian Institute of Company Directors, (2006), Chairman of the Board A Role in the Spotlight, Southwood Press Pty Ltd: Australia Cassidy, J., (2006), Concise Corporations Law, fifth eds, The Federation Press: Australia CCH, (2011), Australian Corporations Securities Legislation, Volume 1, McPhesons Printing Group: Australia District Consolidated Acts, (2001), Corporations Act 2001-Section 191, Available at https://www.austlii.edu.au/au/legis/cth/consol_act/ca2001172/s191.html (Accessed 06th September 2016) Lawful Services Commission, (2012), General Duties of Directors-Corporations Act 2001 (Ctth), Available at https://www.lawhandbook.sa.gov.au/ch05s01s03s02.php (Accessed 06th Septmber 2016) Tomasic, R., Bottomley, S., McQueen, R., (2002), Corporation Law in Australia, The Federation Press: NSW
Friday, August 21, 2020
HT@MIT Foodie Edition Teriyaki House Hey guys, Im back to blogging once a week after a ridiculously crazy last few work heavy months, think Dilbert meets the Drew Carey show (Ill explain next week). Okay, so this weeks [emailprotected] is all about the Boston food I love. Now this post isnt to say that these are undoubtedly the three best restaurants in the Cambridge/Boston area but I love them all for various reasons that Ill explain. Well start off with Teriyaki House! Teriyaki House Now Im not sure if I love Teriyaki House for the food or the wonderful memories Ive made here but theres no doubt they make some of the best sesame chicken Ive ever had (a friend Matt O. on the other hand would swear by their chicken and broccoli). Teriyaki house is a combination Chinese/Japanese/Sushi/Bubble Tea restaurant on Boylston St. thats centrally located and reasonably priced. While you may get more authentic Chinese food in Chinatown Teriyaki House offers some of the best, what Ive been told all my life is, Chinese food. Whether its birthdays, the meal before ring delivery or a Saturday afternoon, T-House is always on the list of potential restaurants. Oasis Oasis is a different animal from Teriyaki House, while I frequent the latter, getting to the former is more of a luxury. Oasis is a Brazilian BBQ joint that can be characterized with one phrase, ridiculously large portions. The amount of food that Oasis gives you for a mere 12 dollars is amazing. First they plop down not one but TWO steaks that covers your whole table. You think its done there but what pair of steaks is complete without sides? Then comes the rice and the beans and the fries and you flag down a waitress to get your anticipatory doggie bag. And not only is the food abundant, its also delicious. The Friendly Toast Now Ive saved my favorite restaurant for last. A mere 11 minute walk from EC, The Friendly Toast is always at the top of my recommended restaurant list. Its got the best of all worlds, giant portions, reasonable price, perfect location AND an awesome retro/hipster atmosphere that keeps me coming back. I really cant say enough good things about The Friendly Toast, every meal Ive had here was wonderful and it continues to be the first place I take guests from out of town. The only downside is that if you arrive Saturday or Sunday morning, prepare to wait over two hours without a reservation. Tune in next Monday to learn my answer to the question what do you want to do when you grow up?.
Sunday, May 24, 2020
Sports ethics is that branch of the philosophy of sport addressing the specific ethical questions that arise during and around sports competitions. With the affirmation of professional sports in the past century as well as the rise of a voluminous entertainment industry related to it, sport ethics has come to be not only a fertile terrain for testing and developing philosophical notions and theories, but also a foremost point of contact between philosophy, civil institutions, and the society at large. Lessons of Respect, Justice, and Integrity Sports are based on the fair enforcement of rules. At a first approximation, this means that every contestant (being an individual player or a team) has the right to see the rules of the game applied in equal measure to each and every contestant while having the duty to try and respect the rules as best as possible. The educational importance of this aspect, not just for children and young adults but for everyone, can be hardly overstated. Sport is a critical tool to teach justice, the respect of rules for the benefit of a group (the contestants as well as the spectators), and honesty.And yet, as it happens outside a competition, one may wonder if Ã¢â¬â at times Ã¢â¬â players are justified in seeking an unequal treatment. For instance, when breaking the rule will offset some mistaken call that the referee has made earlier the game, or will partially make up for some economic, social, or political inequities that stand in between the contesting teams, it seems that a player may have some justifiable motives for breaking the rule. IsnÃ¢â¬â¢t it simply fair that a team who has had a valid touch down not counted in will be given some minor advantages over the next attack or defense situation?This is, of course, a delicate matter, which challenges our ideas circa justice, respect and honesty in a way that mirrors the key issues humans face in other spheres of living. Enhancement Another major area of confrontation regards human enhancement and, most notably, cases of doping. Considering how invasive the application of drugs and medical techniques is to the contemporary professional sport, it has become increasingly difficult to set an intelligent boundary between those performance enhancers that shall be tolerated and those that shall not be tolerated. Every professional athlete competing for a well-off team receives medical aids to enhance his or her performances in amounts that range from thousands of dollars to hundreds of thousands and, perhaps, millions. On one hand, this has contributed to spectacular results, which much add to the entertainment side of sport; on the other, however, wouldnÃ¢â¬â¢t it be simply more respectful for the athletesÃ¢â¬â¢ health and safety to set the bar for tolerance of enhancers as low as possible? In what ways enhancers have affected the relationship between body and soul among athletes? Money, Just CompensationÃ and the Good Life The increasingly high salaries of certain athletes and the disparity between the pay of the most visible ones as opposed to the pay of the least visible ones have also offered the opportunity to rethink the issue of just compensation that much attention had received in eighteen hundred philosophy, with authors such as Karl Marx. For instance, what is the just compensation for an NBA player? Should NBA salaries be capped? Should student athletes be granted a salary, in consideration of the business volume generated by NCAA competitions?The entertainment industry associated with sports also offers us, on a daily basis, the opportunity to ponder to what extent income can contribute to leading a good life, one of the central themes of ancient Greek philosophy. Some athletes are sex symbols too, generously rewarded for offering their body image (and sometimes their private lives) to the public attention. Is that really the life of a dream? Why or why not? Further Online Reading IAPSÃ¢â¬â¢s website, the International Association for the Philosophy of Sport, with links also to its official publication outlet, the Journal of the Philosophy of Sport.A resource guide to the Philosophy of Sport prepared by Dr. Leon Culbertson, Professor Mike McNamee, and Dr. Emily Ryall.A blog devoted to the philosophy of sport, with news and events.Recommended reading: Steven Connor, A Philosophy of Sport, Reaktion Books, 2011.Andrew Holowchack (ed.), Philosophy of Sport: Critical Readings, Crucial Issues, Prentice Hall, 2002.
Thursday, May 14, 2020
Sample details Pages: 17 Words: 5021 Downloads: 7 Date added: 2017/06/26 Category Finance Essay Type Research paper Tags: Banking Essay Did you like this example? Todays global financial crisis has left many wondering where the faults actually lie. Indeed, there are many contributing factors that can be highlighted. However, in a more positive approach, it is argued that Sharia banking covers principle areas that are in almost complete opposition to conventional banking. DonÃ¢â¬â¢t waste time! Our writers will create an original "Sharia Banking Tackle Todays Global Financial Crisis Example For Free" essay for you Create order For example, institutions do not pay interest, and they require transactions to be reinforced by real tangible assets. The conventional banking system in place has offered a suitable medium for trade over many years. Countries have prospered with the facilities provided while few have had complaints or criticism of the system. Due to this apparently fluent and dependable system, trade had continued uninhibited until recent times. Prior to the unfolding of the current financial crisis, there was a certain limited amount of speculations regarding whether or not the system would face any hiccups. This was a reasonable conjecture considering the financial crisis that occurred in the 1930s. This was of course limited to the U.S. economy, and was at a time when globalization and international trade had not exist the way it does today. It is interesting to note that there have been alternatives offered to the conventional banking system, which largely consisted of a private banking method, which will be explained later in this paper. As opposed to the private banking method, many scholars began to explore the alternatives, and Islamic or Sharia Banking is one form that was deemed to be interesting enough. Islamic Banking methods seemed to offer a fair amount of safety to users, and it appeared to be a fair and just method for borrowers. Primarily, it is the borrowers rights that need to be safeguarded in this method of banking, as this would be a moral action and it would bring stability to the system. Borrowers would be able to trust the system, and this would only instill confidence in all users of the banking system. Moreover, this system does not agree with intangible assets. There are Quranic quotations and examples that justify this approach, which is actually quite a matter of common sense; probability, chance, etc. are factors that have to be mitigated if reliability is desired. Indeed, this is why every possible measure has been sought in Islamic banking to ensure stability and reliability, which will result in economic prosperity. Aims: To determine: How Sharia banking principles can help to relieve the current economic crisis, and transform the economic system for more reliability. How different Sharia Banking is from Conventional Banking. Advantages Sharia Banking has over Conventional BankingÃâ Objectives: To determine: What the fundamental principles of Sharia Banking are. Why Sharia Banking principles are believed to make global financial operations more reliable and concrete in comparison to conventional western banking systems. Whether or Not Sharia Banking concepts can be implemented pervasively in the west. How ripe consumers minds are in terms of being ready to receive Sharia Banking as a new banking concept. Possible obstacles to Sharia Banking What the fundamental principles of Sharia Banking are. Possible obstacles to sharia banking Problem of systems Sharia conservative Western tends to be reckless but which system best. Sharia looks a good model right now but a collapse of the construction industry in the gulf will show weaknesses. Why do now have doubts about commercial banking? Sub- prime US housing market UK banks FACTIVA Look in the Financial Times about Islamic banking Literature Review Why Does the World Need a Banking System? For anything to be related, networked and linked, there needs to be some sort of medium through which operations can be carried out. For example, for the Internet to function effectively with all individuals operating from different locations, cyberspace has to exist. Similarly, for trade to take place effectively there needs to be some sort of facilitation. This facilitation is provided by banks and other financial institutions. However, there needs to be a set of norms and governing rules that allow these institutions to operate smoothly and in a just manner. Indeed, a banking system facilitates business activities. Whether it is limited to a particular region or stretched across the globe, all those who are facilitated by it enjoy the banking system. Indeed, a technologically well supported banking system is vital in this day and age. This is because speed and reliability are both top requirements. Businesses need to act rapidly, especially when transactions are to be made over long distances. As opposed to demand for speed today, yesteryears saw a slower pace of business and there was far less business activity. Therefore, it might be said that while speed and reliability are both required today, the banking system was still a need yesterday. A banking system from the very beginning promised a streamlined approach to business activity. Governing laws brought safety and stability to all those involved in banking facilities. It is unthinkable what man would do for trade in the absence of a banking system. An example that might be cited is Mozambique in East Africa. It was known that people who traveled there on business or for tours had to maintain their foreign currency on them. This is because there no banks to facilitate them. This exposed them to much risk, as thugs are the generally desperate would loot or assail them. However, most parts of the developed and developing world are encompassed by the banking system, which provides them a safe me ans to conduct transactions. What is Private Banking? The term private banking appears to directly suggest that it is a banking system that deals with the private financial affairs of individuals. It also suggests the lack of social responsibility that comes along with it. Private banking means that what an individual does in terms of banking or financial transactions is a private affair as long as it does not violate any laws. Though the idea is fundamentally one in which many individuals can invest their money and receive gains upon it as a whole, the concept of gain at the expense of another still remains. For example, when many individuals invest their money in a private bank, this money is often loaned to individuals or other financial institutions or companies that later have to return it with an additional payment [interest]. Therefore, it can be said that the individuals collectively gain interest by simply accumulating their funds in a private bank at the expense of the borrowers who have to pay interest. Private banking i s known to combine trust services, banking services, investment services, and tax services. Private banking is a term used for encompassing banking, investment and other financial services that are furnished by banks to private individuals who invest in sizable assets. The term private has also been used to refer to the customer service that is given on a personal basis as opposed to mass-market retail banking. This process should not be mixed up with a private bank, as a private bank is itself a non-incorporated banking institution. While private banking was always seen as a very exclusive form of banking that explicitly catered to high net worth individuals who had liquidity exceeding $2 million, it is now possible for an individual to open an investment account with some private banks with as little as $250,000. A private banking division will include a variety of services: inheritance, wealth management, savings, and tax planning. For the affluent a high-level kind of private banking is wealth management (Mullineux Murinde, 2003, 23-25). Basic Tennets of Islamic Banking There are certain principles of Islamic banking that differentiate it from traditional banking. This particularly refers to its functions. Islamic values that are mirrored in Islamic economic principles govern Islamic Finance. These are briefly described below: There is a clear prohibition on Predetermined Payment that Exceeds an Actual Amount Of Principal Is Prohibited: Islam permits only one type of loan, which is called qard-el-hassan. This literally means good loan, and is described as one in which a lender does not levy any extra charge or interest on the principal amount. According to Islamic Financial Principles, a Bank must share The Profits Or Losses that Result From Investment: The interest-based commercial banking system that has immense pressure is on the borrower. In contrast to this, Islamic finance is founded on the idea that the depositor, the bank as well as the borrower must shoulder the risks and the rewards that result from financing business ventures. Generating Money Directly From Money is Not Acceptable: According to Islamic teachings, money stands for purchasing power. It should not be made use for reinforcing purchasing power (money). If it is used for this purpose, there must be an intermediate step in which it should be used for purchasing goods and services (Maurer, 2005, 41-73). Uncertainty, Risk Or Speculation, Which is Also Known as Gharar is Strictly Prohibited: Parties that are included in a contract should possess all required knowledge of the counter values that will be exchanged in the process of transactions. They should also be protected from uncertainty, risk and speculation. No party in a contract is allowed to predetermine a guaranteed profit, which is founded on the tenet of uncertain gains. Uncertain gains does not permit an agreement in which the customer might repay the borrowed principal with an additional amount for inflation protection (Maurer, 2005, 41-73) Investments are Intended to Support Prac tices Or Products Only That Are Not Prohibited or Discouraged By Islam: An Islamic Bank would not finance trade in alcohol. Also, real-estateÃâÃ finance cannot be furnished for erecting a casino. Additionally, banks cannot lend money to other banksÃâÃ with an interest levied. The above principles are the complete opposite of what has been practiced in conventional banking. For example, the borrowing against assets that are not tangible, which has proved to be a flawed concept that has led to much of the global economic crisis. Basic Description of Sharia Banking [Islamic Banking] The basic difference between Islamic and traditional banking systems is the system of deposits followed. In an Islamic Banking system, deposits are deemed as shares. These deposits or shares do not promise nominal value (Mullineux Murinde, 2003, 23-25). While it may be said that In Islamic finance, interest is forbidden, there are very good reasons why this is so. Interest is prohibited because of its effect. One needs to understand this effect in order to value the Islamic finance conventional finance. Interest by far benefits one party in a contract more than another. It is known to put one party at a clear advantage over another or others. In a contract where interest is implemented, a party is guaranteed its principal sum returned along with a significant benefit over others. Umar Chapra, the author of Towards a Just Monetary System asserts that from the Quran and the Hadith of Prophet Muhammad, guides Muslims and helps them to understand what is fair and unfair, par ticularly when it comes to their earnings earnings. Chapra says, One of the important sources of unjustified earnings is receiving any monetary advantage in a business transaction without giving a just countervalue. To put it simply, Islamic finance is a fair system in contrast to conventional finance. It is Islamic finance aims at getting rid of unfair or exploitative financial situations, products or services. This does not only apply to loan transaction, but also to other situations that might be unfair or exploitative in the financial world. The result of this straightforward aim is asset-based financial products that suffice as a just countervalue for all parties involved. In An Introduction to Islamic Finance, Taqi Usmani describes asset-backed financing; it is financing that creates real assets. These can then be sold in exchange for money. As a result, it consequently earns a justified profit. This is indeed different from the concept in the conventional systems that g enerate money out of money (interest). In Islamic finance, there must be an asset that creates the profit, and not money alone. The formula that is prohibited in Islamic Finance is as follows: Money + Interest = More Money. As opposed to this, the formula that should be applied is as follows: Money + Asset/Real factor of production = More money. Islamic banking has more to it than traditional banking as its products must adhere to secular laws as well as the holy Quran. This means that it must be suited to all countries in order to makeup a complete system that can be operated globally. One of the main laws of Shariah is riba, the prohibition of interest. Also, Islamic law prohibits the use of funds for investment or purchase that may be related to pratices that it deems impermissible (haram). Alcohol consumption and gambling stand as examples. As a general rule, anything that is not defined as haram can be considered permissible (halal) under Shariah law. It, however, must be asserted that Shariah interpretations can vary according to regions where it is implemented fundamentally due to local Islamic scholars defining what is fit for particular regions. Banks that wish to offer Islamic Banking must enlist local scholars who will serve on the banks Shariah board or committee. These scholars aid the bank in designing and implementing Shariah-compliant bank products and processes. Large conventional banks are known to now also develop specialized functions that aim to educate employees about adherence to Islamic finance principles. The Concept of Musharakah: The bans against interest are founded on the Islamic idea of property that is caused by a persons creative labor or from trade or property. Interest on money loaned is encompassed within neither of these two concepts and is thus not justified (Mullineux Murinde, 2003, 23-25). To resolve this problem from a legal and religious viewpoint, Islamic banking implements common terms: musharakah or co-operation for production; mudharabah or as one might put it, a silent partnership, when one party supplies the capital, the other the labor; and murabbahah or deferred/post payment on purchases, similar in practice to an bill of exchange and the most preferable Islamic banking agreement in Sudan. To decide the ban on interest, an interest-bearing overdraft would be transformed to a murabbahah contract. Similar Operations But Different Methods in Islamic and Traditional Banking: A great deal of Islamic banking literature says that although Islamic banks carry out mostly similar functions to that of traditional banks, their method is clearly different (Ahmad, 2000; Chapra, 2000; Iqbal and Molyneux, 2005; Iqbal and Mirakhor, 2007). To demonstrate some of the most important characteristics of Islamic banking and finance which makes it different and unique from its traditional counterparts encompass: first, Islamic banking aims at a just and fair society as dreamed of Islamic economics (Mirakhor, 2000; Warde, 2000). In accordance with this, the many restrictions (e.g. interest, gambling, undue risks, etc.) are to serve a flat playing grand to defend the interests and advantages of all participants included in market exchanges and to elevate social harmony (Ahmad, 2000; Chapra, 2000). For example, the current tradition of interest in the traditional banking system includes inequality to the borrowers since the interest on their loans must be paid regardless of the results of their business. In the same way, interest-bearing agreements can be unfair to the lenders particularly when their returns on deposits, which have been fed back by the banks to the investors, do not commence with the actual performance of the investment (Lewis and Algaud, 2001; Iqbal and Molyneux, 2005). Second, Islamic banking is setup upon the rule of brotherhood and co-operation, which symbolizes for a system of justice sharing, risk distribution and stake holding. It encourages such sharing and co-operation between the giver of funds (investor) and the user of funds (entrepreneur) (Iqbal and Molyneux, 2005). Third, as a system founded on ethics and morals of the Islamic law of Shariah, Islamic banking is also embodied by ethical norms and mores and social obligations (Ahmad, 2000; Mirakhor, 2000; Warde, 2000). There is a moral monitoring mechanism based on the descriptions of Halal (permissible) and Haram (prohibited and undesirable) functioning at various le vels, holding the conscience of entrepreneur and firm, favouring a positive social climate for society, and giving a convenient and practical legal framework (Chapra, 1992). In accordance with this, Islamic banks can hardly financially support any project which contradicts the moral value system of Islam. For example, financing a brewery factory, a night club, a casino or other similar kinds of activities are banned by Islam or known to be harmful to society (Ahmad, 2000). How Competitive is Islamic Banking Especially in present Era? Within the Middle East regional participants in the Islamic banking industry have rendered inspiring financial outcomes. These banks have acted well by securing attractive financial returns regardless of their capital size. In order to make sure Islamic banks remain competitive in the face of their conventional counterparts, they need to elevate their functional capabilities in order to fulfill prospective demand for Islamic banking products and services. This requires them to redraw their current business models, turn their attention to consolidation and strategic alliances. They also need to systemize their functions by outsourcing non-core operations in order to affirm sustainable growth. The Islamic finance industry is rapidly attaining popularity in constantly evolving environment. On one hand IFSI has performed exuberantly and on the other hand it also encounters various challenges, most of which are unique to the industry (Saeed, 1999, 24-45). High Liquidity Without a well-established Sharia compliant taking the place of conventional interbank money markets has posed a significant impediment to the growth of the IFSI [Institutions offering Islamic Financial Services]. It is one of the main reasons for IFSIs foregoing superfluous funds that are alternatively being channeled into conventional banking systems. Islamic investment prospects has been short-term and low risk opportunities with the lack of variety, tradable financial instruments has restricted investment opportunities. Human Resources In the initial phases of its development, the Islamic finance industry has had shortage of experienced professionals that has impeded its initiatives geared towards offering its valuable customers developed, innovative and excellent products (Saeed, 1999, 24-45). Global Sharia Compliance At many occasions IFSIs has been soaked in issues like differing responses with respect to the Fatwas given by various Sharia Supervisory boards. These responses emerge from differences in Sharia opinions emerging from varied interpretation of Fiqh (Islamic jurisprudence). This emphasizes the need of developing harmony of Sharia opinions thus paving way for advancement in product development and resultantly formation of a consistent industry. Risk Management IFSIs face risks such as Sharia compliance, further legal and asset risk, fiduciary risk and displaced commercial threat. These risks elevate the need of development and establishment of more comprehensive and effective risk management framework to timely monitor and reduce them. This should not only encompass the risk management dilemmas prevailing in the IFSIs but also allowing IFSIs to affirm better rating in the global marketplace to lead them to participate with conventional counterparts. Islamic banking and finance makes up the Islamic economic system and its very basis revolves around fairness and morality. Moral aspect, thus, is raison detre of Islamic banking and finance. Sincere efforts are needed in this circumstance on the model of Sudan and Bahrain. This is with regard to Musharaka, Ijarah and Salam Sukuk, and Malaysia in view of Mudarabah based Islamic money market). Documentation of the economy, substitute income tax of the corporate sector with spending tax an d reform in other pertinent laws are important requirements. A well thought out plan with steadfast and sustained efforts could lead to achievement and finally to overhauling of the economy (Lewis Algaoud, 2001, 77-109). Advantages of Islamic banking and finance Along with the evolution of Islamic banking and financial institutions main changes that came about in the financial surrounding during the past few decades of the twentieth century. These include lessening in the intermediation activities and taking part in a dynamic and forceful management of investment and an incorporation of financial markets in the face of globalization. Retract of the Glass-Steagall Act in the US Islamic finance facts gained on the foundations that financial intermediation had been established on interest. The deeper participation of banks and other financial organizations in investment administration put greater emphasis and pressure on comprehending the greater range of Islamic financial methods such as sharing profits as well as mark-up financing and the associated advantages in long term for the institution as well as the customer. However, the need of time has transformed from what was there in twentieth century of developing methods of financial i ntermediation interest-free to the development of Islamic Techniques of risk management and make sure that they are free from troubles associated with traditional methods of financing (Lewis Algaoud, 2001, 77-109). Risk management in an Islamic Setup Even though risk is at the center of all the activity in each and every viewpoint of the activities, particularly in business but industrialization brought risks previously unprecedented in trade and agriculture. With better periods of time and more developed period of production, the uncertainty increases. The range of the market has widened and is heading for forming a global village through which introducing new types of risk. When Islamic laws were penned many years ago years ago, the type and range of risk and unpredictability were different. However, gaining knowledge with a mixture of modern experiences allows one to remember the Shari`a objectives of justice, fairness and effectiveness. The Prophet (P.B.U.H.) banned sale of calves that were not born. This was because there was no guarantee about the future, and there was no way of determining the results. He also banned sale of fish that was in a pond. The reason for this was the same as the one before; one cannot predic t the future; one cannot be certain of the quality and quantity of the produce being sold. The Prophet disallowed the sale of a product that has not been fully cultivated but on the other hand permitted undertaking Salam including advance money paid against agricultural crops at the time when the agreement was made, months ahead of the real harvest. It must be said that this is advantageous to the farmer as well as to the grain-trader. It also has a permissible level of indecision included in the defined transaction. Therefore, comprehensive information must be collected at the time of any agreement in order to obviate any mix-up between parties in time to come and loss of any on these grounds. But to protect benefits, in some of the cases, given joint consent some doubt is acceptable (Lewis Algaoud, 2001, 77-109). Globalized Financial Markets The worlds financial markets with greater incorporation have initiated movements of money through national boundaries with less cost and instantaneously. This change is suitable to Islam in which there are no ideas of belief of national boundaries. In practical implementation, however, this partially took place and created obstacles for Islamic financial movement for two main reasons. The first reason is progress made in Middle East, South Asia and South East Asia who have stunted economies and where financial systems are less complicated in contrast with the developed countries. Secondly, Islamic financial institutions suffer from their small size and very few of them function in more than one country as the main players do. The situation has changed with few major conventional financial institutions taking on and introducing there Islamic Divisions/subsidiaries. But this has also made things more tedious for the older Islamic financial institutions as the same have to undergo mer gers and acquisitions in order to withstand in this era of competition and speed (Lewis Algaoud, 2001, 77-109). Globalization has elevated the instability of almost every financial variable especially the exchange rates. It has also reduced the effectiveness of economic macro-management of the countries that venture their institutions in the direction of transformation of their existing structures into one based on mainly Islamic principles. The only method of correcting this is undertaking international agreements aimed at curbing speculation and controlling financial markets. The approach of Islamic financial motion, henceforth, deals and underscores profit-loss sharing modes of finances, commodity-linked financing such as murabaha and mitigating the role of debt in order to reduce the associated risks in todays world (Lewis Algaoud, 2001, 77-109). Hindrances Towards Development/Management Of Islamic Banking Efforts are underway to develop standards in Islamic financial products. There is pervasive acceptance for standardizing basic elements of Islamic finance including Mudaraba [limited partnerships]. Additionally, Murabaha and Ijara are also accepted. It should be known that Murabaha is a known markup price which is made known to the buyer, and Ijara is a sharia-compliant type of mortgage that has no down payment, which is similar to rent to own. There are steps taken in order to co-ordinate the activities carried out by various Shari`a advisory boards of Islamic financial institutions. These actions are primarily being taken in order to mitigate misunderstandings and rein in un-coordinated activities. Major obstruction towards growth of IFSI is insufficient information that creates a negative outcome on the activities taken up towards its development on solid footings. There is a lack of institutions that can carry out a rating procedure. This especially refers to the ones tha t should be established to carryout rating of products and institutions on the foundations of Shari`a compliance. Regardless of the odds, few that have been mentioned above, the industry carries on to grow but at a snail-paced mainly in the Gulf countries. It has also reached the Balkans and recently independent Central Asian Islamic Republics. Shaky economic situations in these countries, are certainly causing problems in the Islamic financial institutions, and this creates hindrances for them (Lewis Algaoud, 2001, 77-109). Islamic Banking Drives Competition Islamic banks had large degree of monopoly over the financial resources of Islamically motivated clients. The conditions have been transformed with Islamic banks now facing ever increasing competition. A vital development in Islamic banking in the last few years has been the beginning of some traditional banks in that market. A precise figure of conventional banks around the world that have implemented Islamic banking techniques is hard to determine. However, some of the main players in international banking business include names like Citibank, ANZ Grindlays, Klienwort Benson, Chase Manhattan, etc. Also, there are several commercial banks in a variety of Muslim countries that offer Islamic banking services. Bank Misr in Egypt and National Commercial Bank in Saudi Arabia have both inaugurated Islamic Branches. Malaysia too allows its conventional banks to initiate Islamic Banking procedures so that they can advance into Islamic Financial Industry (Venardos, 2006, Pp 32-55). In g eneral, rivalry is always taken to be an affirmative phenomena stimulating expansion of any industry. It compels inefficient firms to either transform themselves in accordance with respective industry norms or move out of the way. It mitigates the costs and ameliorates services to consumers while boosting innovation and bringing in enhancements in product quality. However, IFSI that is in its early stages need to be protected from harsh, stiff and aggressive competition from conventional till the time they are capable of standing on their feet and be able to confront competition from their business counterparts. Conventional banks have enormous benefits in contrast to Islamic banks in terms of their experience and long survival in the market. Their systems, methods, techniques of product innovations, strategic marketing and their diversification in repertoire are far superior to the corresponding functions of Islamic banks. As a result, opens up Islamic banks to an unequal rivalr y and competition. Looking at the other end, such competition may be suitable for Islamic banking as conventional banks can rein in their efficiency, research data and main capabilities, complex banking and result-oriented strategies to Islamic banking. This may all result in the development of new products and facilitations of better services to customers (Venardos, 2006, Pp 32-55). Methodology Data Sources: For this research, there are a wide variety of sources considered. All these together will aid one to complete the task at hand. In this research, there is a mixed approach consisting of primary and secondary sources. The researcher has to carefully consider the kinds of sources obtainable to him in order to make a precise selection. In order to deal with the precise question [How Can Sharia Banking Be Used to Tackle Todays Global Financial Crisis?] one has to investigate the procedures at Islamic financial organizatiuons. From these institutions, the researcher will understand more about the dynamics of Islamic Banking, and then be able to come up with a strategy that could deal todays financial crisis. The research will start by searching for secondary sources. This is normally what is done so that one can get an idea of what types of data can be obtained on a particular subject. Secondary data for this researcher paper will come from a variety of records held by a varie ty of organizations. Since there has been a wide range of data made accessible in the shape of journals, reports and books, they will be carefully considered. Following the compilation of secondary data, primary data will need to be obtained too. Primary data to be collected will be attained through questionnaires. Through this method, the researcher can attain a wide range of data. It is worth mentioning that this data will be obtained at random from employees and supervisors of departments [respondents] regardless of their gender, age, etc. An appropriate methodology that includes the role quantitative and qualitative approaches is seen as the most suitable way to research this project. By implementing a questionnaire, the researcher aims at retaining significant primary data that will be analyzed alongside the secondary data accumulated. While secondary data will be gathered from sources like books and journals Islamic Banking, primary data will be obtained from organ izations staff at a variety of Islamic Banks. Qualitative Research When implementing a qualitative research technique, one is in a position to can establish a highly organized and free flowing method of data from a participants mind. To employ this research form, a researcher must take full advantage of a questionnaire. Implementing questionnaires permits a certain degree of flexibility for a research technique. In this research paper, an interpretive approach will be implemented, which will comprise analyzing data; content analysis and statistical analysis.
Wednesday, May 6, 2020
What You Should Do to Find Out About College English Essay Name Samples Before You're Left Behind Men and women tend to opt for a range of themes of who they are and attempt to describe all of them. It's the details that truly make this little experience come alive. Remain true to the theme, and you'll get a coherent piece that will get you an excellent grade. I would say that 3-5 examples is an excellent variety, provided that they are many different kinds of something similar. Ruthless College English Essay Name Samples Strategies Exploited It's very beneficial to take writing apart to be able to see just the way that it accomplishes its objectives. If you neglect to follow the easy MLA (Modern Language Association) instructions on the best way to format your essays, the examiners will believe that you don't even have the ability to follow simple instructions properly. The bulk of the essay utilizes standard English and English grammar. 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Tuesday, May 5, 2020
All across the world, all throughout history, there has been authority, and there has been rebellion. It is a constant cycle of controversy that has, and will continue to, have an impact on the human race. The speech presented by Samuel L. Jackson and the novel Ã¢â¬Å"Animal FarmÃ¢â¬ by George Orwell both display noticeable forms of authority and rebellion. They both describe the injustice being committed and in one case, attempt to gain equality with authority, whilst the other tries to overthrow it. There is always a catalyst behind rebellion. In Ã¢â¬Å"Animal FarmÃ¢â¬ the entire concept of revolt was only introduced after Old Major, the respected boar, gathers the animals together and compares the strenuous life that they currently live to the more appealing life they could have were Mr. Jones, their authourative figure, to be usurped. Thus, the animalsÃ¢â¬â¢ actions were motivated purely by greed. The people mentioned in the speech and song, unlike the animals, were already aware of inequity, however it wasnÃ¢â¬â¢t until President Lincoln initiated Ã¢â¬Å"AmericaÃ¢â¬â¢s long and continuing journey toward equal justiceÃ¢â¬ did the people realize that equality was possible, the defiant actions performed in the aftermath were motivated by his doings. We will write a custom essay sample on Authority and Rebellion in Animal Farm or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page In both texts, after the rebellion of the oppressed, there is a shift of power. As explained in both the speech and song, equal rights are gained and the presidential position is acquired by an African-American, and in the case of Ã¢â¬Å"Animal FarmÃ¢â¬ the animals gain control of the farm. Authority is an unbalanced position, there is constantly those who are unsatisfied with decisions being made and wish to gain control Ã¢â¬â and when control is not readily within reach, rebellion enters the picture. Even if power is gained, it is near impossible to satisfy every audience and rebellion once again becomes an issue. In most cases, authorative figures must manipulate their populace in order to discourage rebellion. This is shown in Ã¢â¬Å"Animal FarmÃ¢â¬ when Napoleon uses executions in order to instigate fear within the animals. It has been proven throughout time that authority cannot exist without rebellion. It is authority and rebellion that has shaped the world into what it is today. So long as greed Ã¢â¬â whether it is in good nature or not remains a fixture in every-day life, authority and rebellion will too.