Understanding Islamic Law: Shariah, Fiqh, and Muamalat
1.Define and explain the following: Shariah, Fiqh and Muamalat? Describe the relationship between them?
Shariah is the Islamic law, which is
Based on the teachings of Quran and traditions of the prophet (Sunnah) that
Prescribe religious and secular duties and set penalties for law breaking.
Fiqh
Is the knowledge and understanding of Shariah law, relating to men’s act that
Has been derived from specific sources and evidences.
Muamalat are mainly acts
That involve interaction and exchange among people
Understanding Financial Statements and Investment Strategies: A Comprehensive Guide
1)Structure finan.Statement: Balance sheet: a statement showing the financial position of the business. At a certain date(usially the end of the financial year); single document (easy to read, interprete and analise, judging its creditworthiness, its value as an investment.
2)Forms of balance: -account form balance sheet in two columns with liabilities on the left and assets on the right.-Report form balance sheet, more modern form listing assets, liabilities and ownership capital one under the other.
Futures Contracts: An Introduction
Futures Contracts
A futures contract is a contract, much like a forward, with the difference being that it is not agreed upon directly between two parties but through an organized exchange, which requires that contracts be standardized.
Future Elements:
- Cost of delivery, which is the price agreed to exchange the asset.
- Date of expiry of the contract.
- The asset on which to make the contract, which is known as the underlying asset.
- The place that will deliver the asset.
- The amount of the underlying stipulated
Business Ownership & Distribution Channels in the UK: A Comprehensive Guide
Types of Business Ownership in the UK
Private Ownership
1. Sole Proprietor
This business is owned and operated by one person.
Advantages:
- Small capital required to start
- Complete control of the business
- Personal contact with customers
- Owner retains all profits
Disadvantages:
- Unlimited liability (owner is personally responsible for all debts)
- Lack of continuity (business may struggle if the owner is ill or dies)
- Owner must provide all capital
2. Partnership
A partnership consists of 2-20 people (with some exceptions)
Read MoreCorruption in Public Administration and Computer Scams: Understanding the Risks and Solutions
Corruption in Public Administration: Cultural and Economic Explanations
A) Cultural Factors
Cultural factors undoubtedly play a significant role in corruption. In many traditional societies, personal relationships are crucial for accessing resources, labor, support, and protection. We can distinguish four types of allegiances typical in human cultures:
- Family: In traditional societies where trust is limited to the family unit, loyalty and reliance on family connections can lead to favoritism and corruption.
Human Resources Management: Key Concepts and Practices
Equal Employment Opportunity and Legal Compliance
Staff managers are authorized F. According to the Equal Pay Act, F. Title VII forbids testing or screening of job applicants F The Age Discrimination in Employment Act prohibits F.
A job description is a written statement of the knowledge, F major duties, and working conditions included in the job summary F. The (ADA) requires job descriptions that list the essential functions of all jobs F. Competencies are defined by the Department of Labor. F According
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