Problems around the use of diminishing Musharaka in banking finance Research Paper

Problems around the use of diminishing Musharaka in banking finance and search for patricidal solution - Research Paper Example The Islamic banking has been popular over the ages and contributes a lot to the present world economy. In Islamic banking system Musharaka is the terminology use to denote the contract in the joint venture partnership. Our paper focuses on the concept of Musharaka and the diminishing Musaraka. The problem associated with the application of diminishing Musharaka is also studied in the current paper. A detailed analysis of the Islamic contracts and the terminologies are studied over here. Under the Islamic law which forms the guiding principle of the Islamic financial system there are seven different contracts in practice. According to Islamic system or Shariah the formation of contract requires both offer, which is termed as Ijab and acceptance which is termed as Qabul. The contracts are generally in verbal or in written form. The parties of the contract needs to be legally knowledgeable and should be in sound state of mind at the time of entering the contract. The contracting parties should not be forced to enter into the agreement under by any force or compulsion. The popular types of contracts are Al- Tamlikat, Al- Isqatat, Al –Itlaqat, Al- Taqdat , Al- Tauthiqat, Al- Ishtirak and Al- Hifz. The explanations of the different types of contracts are done below. Al- Tamlikat- The contract deals with the acquisition of properties and deals with the benefit associated with the properties. To classification of the contract is done as contract of exchange and contrcts of charity. The matters of dropping of right without exchange are handled by this contract. The release without compensation for the party is termed as absolute release whereas the release involving the compensation is known as release of exchange. Interest free finance is one of the basic guiding principles in Islamic banking. Among all forms of interest–free finance contract, mudaraba was considered the most suitable and practical mode for mobilizing financial resources to Islamic banks.

Cause and Effect Essay. Ill put topics in the instruction box and you Essay

Cause and Effect . Ill put topics in the instruction box and you may pick one - Essay Example Fast foods include Barbecue sause, chicken, nuggets, burgers, pizza, sandwich, pasties, and other common as well as popular brands (Dundes, Lauren and Swann 154). Evidently, there are various causes and effects of junk foods as demonstrated by research. It is almost impossible to explain the certain shift in consumption pattern; however, according to experts several drivers initiate the existence of fast foods. Among the youth and working class pressure from their environment has been a leading factor (Coulston, Rock, and Elaine 112). Evidently, many students engage in various activities ranging from studies and extra-carriculum. Notably, they have limited time to prepare healthy food instead resorting to buying fast foods. The situation is same to the working environment who have no ability to balance between work and food (Hertzler, Ann A., Webb, Ryland and Frary 52). In response, employees carry fast foods or drop into fast food restaurants. Apart from the tight schedule, advertisement techniques used by fast food restaurants have made it impossible to avoid their products. The soothing sight and imagined taste always arouse people to try the discoveries hence the continued use of fast foods. Most importantly, the use of fast fo ods continues to thrive because of influence from friends or parents. The effects of eating fast foods are evident from every corner of the world. The food rich in sugar, fat and calories affect health and normal operations. In as much as freshly harvested foods may also have the mentioned elements, it is important to note that the diverse effects exhibited in fast foods out ways the limited effects of fresh food (Schlosser 80). Obesity is one serious effect of fast food that has forced the world to look for solutions instead of analysing the causes. The complication arising from too much fat in the body lead to increased weight, which might also attract complications such as high blood

Crisis of Modernity and Mutations of Sovereignty Essay Example for Free

Crisis of Modernity and Mutations of Sovereignty Essay As we live in the postmodern stage of capitalism, the crisis modernity has been deeply felt at the realm of sovereignty. It is because of the fact that the crisis of modernity is same time a crisis of nation state as well. Modernity was not only characterized by imperialism but also the by the emergence of nation states as a direct result of anti-colonial struggles. Sovereignty sans Nation States However, at present, the nation state is in the retreat. The Weberian idea of nation state as the sole monopoliser of legitimate means of violence has become a thing of past. While pointing out the rise of global capitalist hierarchy, Hardt and Negri assert that â€Å"the end of [modern] colonialism is also the end of the modern world and modern regimes of rule† (Hardt Negri, 2000, p. 134). It is not only the multilevel governance by intergovernmental institutions such as World Bank and IMF but also by the perpetrators of notions such as humanitarian intervention and just war, the nation state is being effectively surpassed. The gradual withering away of the nation state of course does not lead into the end of sovereignty. It is merely a shift from the postcolonial formal sovereignty to the real sovereignty of empire as we live through the stage total subsumption by capital. The imperial sovereignty which is originated fro the crisis of modernity is characterized by the network model of expansionist power. According to Hardt and Negri, power within the empire is not limited by the fixed boundaries. On the contrary, the imperial power â€Å"finds the logic of its order always renewed and always re-created in expansion† (ibid, p. 167). Therefore, imperial sovereignty (re)creates its own borders beyond its borders. Conclusion As modernity was characterized by colonial sovereignty of the imperialist powers, it needed nation states to function within the boundaries. But, the passage from modernity to postmodernity supersedes the nation states for the imperial sovereignty which is an open network of power. Reference Hardt, Michael, And Negri, Antonio, (2000) Empire, Massachusetts: Harvard University Press.

Planck V. Indiana :: essays research papers

Planck v. Indiana In the reviewing the case of Planck v. Indiana, many complicated issues arise. Included in those, individual rights conflicting with the public good are among the most difficult. According to Mr and Mrs. Planck's attorney, John Price, the Planck's religious beliefs prohibit them from accepting professional medicine practice, as they practice alternative medicine and home school their children. After a complaint from an older Planck daughter, who did not embrace or respect her family's lifestyle, the state was called in to investigate the health of the Planck children. In a preliminary check by the state of Indiana for eyesight, Lance Planck was found not to be in need of any service. Despite this finding, the Madison County Superior Court ordered that all of the Planck's children's eyes be examined by the state. One month after the Court ordered this, twenty armed officers with guns drawn came to the Planck's residence and commanded Mr. and Mrs. Planck to give up their children. Mr. Planck told the officers that he did not know why they were there, was pushed to the ground and had loaded rifles pointed at him. The children were then forcibly removed from their parents custody, and at no time was any identification shown by the officers. Curt, Lance Planck's younger brother, resisted this removal from his house, and was threatened by an officer that he would be "dragged out of here." After this scene, Emily, Stephen, and Curtis Planck were loaded into a van and driven to an eye doctor in Anderson, Indiana. The examining doctor, Dr. Joseph Woschitz, came to the conclusion that no treatment was needed for any of the children. How can the state justify this type of behavior? Is ripping a child unwillingly from his mother's arms in the best interest of the public good? What does society have to benefit from this? In short, this does not affect the public good per se, but does affect the Plancks and any other family that practices a religion that is not widely accepted. Following the above events, Mr. and Mrs. Planck were subsequently arrested, had their First Amendment rights violated, and had their home invaded by armed SWAT team members who fired a CS tear gas canister into their house. Simply, Mr. and Mrs. Planck and their children were targeted by the state selectively because of their religious beliefs which they manifested in home education and the practice of alternative medicine. The fundamental argument here is that the Planck's rights have been violated, and the State of Indiana has overstepped its duty of caring for the Planck's children.

Empowerment Paper Essay

In the wake of many recent tragedies including both those created by nature as well as those caused by man, we have seen the number the human service organizations grow beyond leaps and bounds. However how these agencies interact with their clients can play a valuable role when these clients come in to receive services. In trying to meet the needs of all those in the wake of such tragedies, it is often hard to understand how someone can also empower others within the agency that is offering services. In the light of helping everyone, many agencies are now implementing services now geared or centered on or around the needs of their client. However, this is one thing that leaves many human service managers faced with a pressing question: How can a human service program or agency come together and in doing so in a manner that can provide an adequate means for this kind of work? It is often because in today’s standards we see so many agencies working with â€Å"multimillion-dolla r budgets, professional staffs, and expensive facilities that one may find it hard to believe that the underlying philosophy is one that any agency can live on.† However, it is the agency that utilizes an empowerment-focused attitude and the theories that support them that has been an area of centralized research for many organizations for several years. It is the utilization of an empowerment approach within the agency that ensures that if the client can receive services or aid, it will given or done so in a manner that is both respectful as well without bias. At any agency, it should be understood that no matter what we want empowerment to be used not only to lift up the client but also to help to encourage the clients to do better each and every day. It is by using approaches aimed to promote positive energy and strength-based approaches along with client’s strengths can be the basis to build on, as this can help strengthen his or her weaknesses. According to Hardina et al. (2007), social service  management is characterized by 12 fundamental principles in relation to the empowering approach. For the population or consumers addres sed in our dream agency, it is these principles that are of the most importance for them to have a feeling that they belong and that their needs are just as important. For these individuals have already in most cases given up as their cycle of poverty have been occurring generation after generation. For many years many organizations were often quick to use a problem-based approach to helping their clients, and for a long time this was accepted and part of the norm. However, in the past few decades the focus now revolves around that of strength and empowerment (Cowger, 1994). From a social service management point of view, it is this focus that has been to strong an issue to ignore. It is the client, who even with being overwhelmed with other life challenges, when given the opportunity, can play a major role in the organizational decision making process. For they can bring a different view point to the forefront, as most are situations many deal with on a daily basis. It is a known fact that in the social work or the social services arena, decision making is an important task on every level. Understanding that critically, decision regarding the goals of the agency and its interaction within the community as well as how the agency is maintained can and usually made on an administrative level. However, when it relates to the overall continued existence as well as the agency’s effectiveness in addressing the needs and wellness of the client, these are just as important but may be made by other staff within the organization. Providing an answer to or even better finding a means to help in solving their client’s problem is the sole responsibility of service workers and administration alike, but making sure those servicing the client know and understand this as well. It is known that because each client is different so will the challenges one will face in offering them services, so making sure that the staff is properly trained in the area of whatever expertise needed. Having the knowledge as well as the skills is a vision that I can see for the agency that I have in mind. Having an agency in which everyone is treated as an equal and work together in providing encouragement not on to the client but for each fellow co-worker within the agency. Understanding that in the midst of a tragic storm no one situation is more important than  any one else’s, as everyone may have lost some near and dear to them. It is in offering support for those individuals whose situations may have occurred or was c reated by themselves or those in which they may have been a victim. Everyone would like nothing better than to stop the cycle of emotions that often result after a tragedy. Giving clients access to learning about or locating needed resources to find and obtain the services they are in need of can help them begin to heal one principle stated the â€Å"empowerment-oriented organizations acknowledge the limitations of participatory management approaches and take proactive measures to balance inclusion.† For agencies whose consumers are drawn from populations that are marginalized and disempowered these principles are very important. It is also very imperative that to note that in order to meet the urgent needs of people who face multiple sources of oppression and multiple traumas, and again stress that in offering help it is done so in a manner that is in line with respect and dignity. It is my dream agency whose overall commitment is quality service aimed at meeting the needs of the client as well as one in which the staff is well trained in diversity as it relates to the different cultures served. No one will be discriminated against and based on the age, race, national origin, sexual orientation, mental status, or political beliefs. In addressing client diversity, having staff and information available in other languages would be a plus. Also, having a manager that believes whole heartedly the mission statement of the organization. They display even in times of adversity a leadership quality that is in line with what the dream agency is promoting. It is the ability to influence others to follow in approaching the problem head on and in doing so the group can work together to share the knowledge needed to address the problems at hand. Even with one looked upon as a leader any decision made is only one that is looked at as one that they as leader has suggested. Clarifying the role that each will play in helping the client and having a common goal in putting team decisions in priority. It is also in trusting each other that each respects the other as diversity happens not only with the clients served but the tam we may work with, as it is diversity that helps the agency focus and understand the differences of those clients. Find a balance in the team, we emphasize the use of regular in-service meetings as a means to evaluate the effectiveness of open communication. Understanding that together as a team  and with a group effort, the decisions made can be one that when observed together, everyone can gain some satisfaction in knowing that they worked together to get the job done†¦helping the client! In offering the best client care we would need to find and utilize different strategies and implement these strategies inn getting positive feedback from all those involved in the care of the client. These strategies include but are not limited to the following: Adhere to the mission statement and the vision that the agency was created upon. Understand that leadership is agency wide, everyone should be committed to the organizational mission statement. Include everyone that is going to be effected by the decisions made between the agency and the client from the beginning process until they client gain b ack their independence. Respect is agency wide, a supportive network can encourage overall job satisfaction with a better quality output from the employees to pass on to the client. Offer a systematic approach of giving and receiving feedback to monitor if there may be a need for intervention or strategy changes. Technology that offers both the patient and their family a means of gaining much needed information as well as the option to communicate with those involved in their case. It is stated in the text that â€Å"organizational theory is used to explain, and sometimes guide, the way organization work† and whether consciously or not but only when they apply them consciously and based on their own theoretical beliefs will they be more effective. In seeking to put some organization to their program it is understood they still do have other choices. It is this knowledge that the purpose of any agency would be empowerment, but in order for the agency to reach their goal in helping others, the manager must realize their own empowerment. Then and only then can we empower the client to realize their potential so they can return and again become productive in their communities. References Cowger, C. D. (1994). Assessing client strengths: clinical assessment for client empowerment. Social Work. 39(3): 262- 268. Lewis, J. A., Lewis, M. D., & Packard, T. R. (2012). Management of human service programs (5th ed.). Belmont, CA: Brooks/Cole.

Labor Laws And Labor Policies - 985 Words

Introduction Current labor laws are capable of dealing with labor-management problems. There are many labor laws in the United States that govern employment policies and practices. These laws cover a variety of industries and its workers, and should not be abolished. Five important labor laws that have further clarified labor-management roles includes: Norris LaGuardia, Wagner, Taft-Hartley, Landrum-Griffin, and the Civil Service Reform Act, Title VII. Fossum (2009), states that these five laws â€Å"enables collective bargaining, regulate labor and management activities, and limit intervention by the federal courts in lawful union activities† (p89). Fossum was demonstrating how the laws brought about changes in labor management practices. These laws were mentioned because each one was significant in their ability to bring about change in labor relations through amended legislation. The Workplace Prior to Labor Laws One of the first federal labor laws was the Norris LaGuardia Law of 1932. This law supported organized labor even though it had limited powers at the time. The Society of Human Resource Management [SHRM], (2016), considered it â€Å"a significant victory in labor reform† (SHRM, 2016). This law was a major breakthrough in the 20th century. Prior to the Norris LaGuardia Law of 1932, employees did not have an advocate in the workplace. Employees were thrown in jail and fined if they chose to strike or picket against their employer. The employer would go to courtShow MoreRelated Leadership Ethics and Culture Essay1587 Words   |  7 Pagesorganization. Leaders and employees only engaged in unethical behavior and business practices when conducting business with third world countries. The company had established ethics policies and stated that compliance and integrity was at the core of everything the company does. 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NLRB, 305 U.S. 197, 220 (1938) (holding that the powerRead MoreHuman Trafficking Supply Chain Risk1160 Words   |  5 Pagesof debt bondage, forced labor, and involuntary child labor. Human Trafficking is also a supply chain issue. Human trafficking in the supply chain may take many forms. For example; a consumer might stay at a hotel where the sheets were made from cotton harvested by migrant farmers who work with no water and no rest. Consume a chocolate they found on their pillow, made from cocoa beans picked using child labor. Order shrimp for dinner which was fished using forced labor and where the dishwashersRead MoreA Social Media Policy724 Words   |  3 PagesThere are a number of governmental policies and regulations in place for employers to consider when developing, implementing and enforcing a social media policy. 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It incorporates the principleRead MoreHuman Trafficking : The New Era Of Slavery947 Words   |  4 Pagestrafficking is the new era of slavery! Human trafficking is a horrifying issue happening so close to home and it is increasing by the minute. Many Texas citizens are unaware of human trafficking happening right in their own backyards. Sex trafficking and labor trafficking are to be the most popular types of human trafficking in the United States. In Texas there are man y more domestic victims than illegal immigrant victims of Human Trafficking. However, the Lone Star state has been and continues to be aRead MoreThe Labor Movement During The Nineteenth Century903 Words   |  4 PagesThe labor movement and the need to organize as a united voice for worker’s rights came about during the nineteenth century. 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A Review of the Dr. Seuss Classic, The Lorax

Since The Lorax, a picture book by Dr. Seuss, was first published in 1971, it has become a classic. For many children, the Lorax character has come to symbolize concern for the environment. However, the story has been somewhat controversial, with some adults embracing it and others seeing it as anti-capitalist propaganda. The story is more serious than most Dr. Seuss books and the moral more direct, but his wonderful zany illustrations, use of rhyme and made-up words and unique characters lighten the story and make it appealing to children 6 and older. The Story A little boy who wants to learn about the Lorax explains to the reader that the only way to find out about the Lorax is to go to the old Once-lers home and give him ...fifteen cents/and a nail/and the shell of a great grandfather snail... to tell the story. The Once-ler tells the boy it all began long ago when there was an abundance of brightly colored Truffula trees and no pollution. The Once-ler concentrated on expanding his business, adding to the factory, shipping more and more fruit and making more and more money. In telling the story to the little boy, the Once-ler assured him, I meant no harm. I most truly did not. / But I had to grow bigger. So bigger I got. The Lorax, a creature who speaks on behalf of the trees, appears to complain about the pollution from the factory. The smoke was so bad that the Swomee-Swans could no longer sing. The Lorax sent them off to escape the smog. The Lorax also angrily pointed out that all of the byproducts from the factory were polluting the pond and he also took the Humming-Fish away. The Once-ler had grown tired of the Loraxs complaints and angrily yelled at him that the factory was going to get bigger and bigger. But just then, they heard a loud sound. It was the sound of the very last Truffula tree falling. With no more Truffula trees available, the factory closed. All the Once-lers relatives left. The Lorax left. What remained was the Once-ler, an empty factory and pollution. The Lorax disappeared, leaving only a small piece of rocks, with the one word...UNLESS. For years, the Once-ler wondered and worried about what that meant. Now he tells the young boy he understands. UNLESS someone like you cares a whole awful lot, nothing is going to get better. Its not. The Once-ler then throws the very last Truffula tree seed down to the boy and tells him hes in charge. He needs to plant the seed and protect it. Then, maybe the Lorax and the other animals will return. Impact What makes The Lorax so effective is the combination of a step-by-step look at cause and effect: how unfettered greed can destroy the environment, followed by an emphasis on positive change through individual responsibility. The storys end emphasizes the impact one person, no matter how young, can have. While the rhyming text and entertaining illustrations keep the book from being too heavy, Dr. Seuss definitely gets his point across. Because of this, the book is frequently used in elementary and middle school classrooms. Dr. Seuss Dr. Seuss was the most prominent of several pseudonyms that Theodor Seuss Geisel used for his childrens books. For an overview of some of his most well-known books, see.