Need a detective? Mudshark is given a mission by his principal to discover who or what is taking things from the classrooms at school.…
Authorized business 8. Authorized business to be carried on by authorized person 9. Application for authorization 10. Grant of licence by Minister 11. Approval by Bank 12. Requirements on minimum capital funds or surplus of assets over liabilities 13. Additional conditions of licence or approval Division 2 Restriction on dealings of authorized persons 14. Authorized person to carry on authorized business only 15. Authorized person and operator of designated payment system permitted to carry on certain Islamic financial business 16. Licensed insurer to carry on life or general business Division 3 Registered business 17. Registered business to be carried on by registered person 18. Registered person to comply with standards Division 4 Representative office 19. Requirements for representative office Division 5 Revocation, deregistration, surrender or cessation of business or operations 20. Grounds for revocation of authorization 21. Grounds for deregistration 22. Surrender of licence or notification on…
The dabbawala delivery system can be improved by focusing on transportation, turnover and technology. The on time, every time mission of delivering dabbas faces many travel issues each day such as: bicycles that have limited space, delayed pick up from food makers due to water supply, road work, and railway strikes. As the culture in Mumbai continues to change and the city experience growth, turnover has become a problem within the workforce of the dabbawalas. This change in culture has also increased the use of technology and it has been increasingly noticeable that the dabbawala’s need to embrace this movement to increase sales and customer relations.…
God, alone, having no partner, and I bear witness life- before the day of Judgment-when he/she will…
References: | |facts, not to train. Please help improve this article either by rewriting the how-to content or |…
The Mumbai dabbawals story started during the British raj, when Mumbai (then Bombay) became a business hub and people started migrating to earn their livelihood. In those days there was no canteen facility available so people used to carry their own Tiffin, but usually when they would start from home the Tiffin would not be ready. At first it cost the customer Rs.2. from that humble start this business has turned into a Rs.50 crore(approx.) industry. The dabbawalas started in 1890 but their Nutan Charity Trust was registered in 1956. They have a unique coding system which enables them to deliver the Tiffin at the right place, earlier they used to use thread of different colour to mark the seven islands of Mumbai, now with time they have turned to coloured markers for writing codes. It is basically a multilevel coding with reference to the area, building and the floor, and this code followed in reverse traces back the Tiffin to the home. The whole group of the dabbawals is divided into 3 basic level teams:…
The core idea is to maximize customer value while minimizing waste. Simply, lean means creating more value for customers with fewer resources.…
The famous Mumbai Dabbawalas were at the MET League of Colleges a few days ago. They made the same presentation they had delivered at Harvard Business School. At an interesting and interactive session they spoke about the organisational structure, working style, and delivery systems of their organisation – the Nutan Mumbai Tiffin Box Supplier's Association – to a packed weekend gathering of METizens. A lot has already been said about the supply chain management systems used by the Mumbai Dabbawalas. They have received global applause and are featured as case studies in B School books. However, what I took home was not just management fundas but lessons that I will cherish all my life. Since these lessons impacted me greatly, I felt that I must share my learnings with you. Therefore I decided to write this letter. Apart from career-making tips, I learnt life-changing tips on honesty, commitment, stress management, humility, discipline, and HR and time management. During the various challenges in life, I am sure that the values followed by the dabbawalas will give you strength to rise above the toughest odds. The lessons I learnt are: Utmost dependence on Human Capital The most vital link in this chain of food delivery is human capital. The procedures could have been laid down over a century ago, but it is the implementation of the procedures that makes the system work. The Mumbai dabbawalas propagate that correct amount of human dependence can yield amazing results. Honesty and Integrity The threads of integrity and honesty hold the dabbas together. Though it is lunchtime for dabbawalas also, the aroma wafting from the dabbas has never tempted them. Overcoming a basic instinct like hunger is possible only because of strong roots in a culture that encourages truthfulness and integrity. Discipline and Time Management The dabbawalas operate on the…
originated from another mode of finance “Musharakah”,thus it is more important to have a brief idea of Musharakah for the better understanding of Diminishing Musharakah. Musharakah derived from Arabic word “Shirkah” which means being a partner. So, the lateral meaning of Musharakah is sharing and under Islamic jurisprudence, Musharakah means a joint enterprise or venture formed under a contract by mutual consent of the parties for conducting some business in which all parties share the profit according to pre-agreed ratio while loss is shared in accordance to the ratio of their capital contribution. In Musharakah, the share of each partner should be clearly known and all partners must contribute their capital in terms of money or species at an agreed valuation. The assets of Musharakah are jointly owned in proportion to the capital of each partner. In Musharakah every partner can involve in the management of the business but it is not necessary doing so, the partners may employ an outsider for managing the business, inmost cases, the there is a mixture of management, i.e. some of the partners together without siders having an expertise of managing such business. The partner who involves in the management is supposed to get the management fee plus the profit in the proportion to his share, and in case of loss, he is still entitled to get the management fee as an employee. When the partners choose not to involve in the management i.e. silent or non-working partners, the ratio of their profit should not exceed the ratio of their capital…
Al-Awfar is a unique savings and investment account based on the Mudharabah, a contract of profit-sharing.…
3. Murabahah cannot be used as a mode of financing except where the client needs funds to actually purchase some commodities. For example, if he wants funds to purchase cotton as a raw material for his ginning factory, the Bank can sell him the cotton on the basis of murabahah. But where the funds are required for some other purposes, like paying the price of commodities already purchased by him, or the bills of electricity or other utilities or for paying the salaries of his staff, murabahah cannot be effected, because murabahah requires a real sale of some commodities, and not merely advancing a loan.…
Our deposit products are offered under the Shariah contract of Wadiah Yad Dhamanah and Mudharabah (Profit Sharing), which are in accordance with the Shariah principles. Based on the Wadiah concept, your savings account will be entitled to Hibah (gift) at the bank’s discretion. Our Mudharabah Savings Account-i and Current Account-i pays monthly dividend based on mutually agreed Profit Sharing Ratio (PSR).…
For over a century they delivered hot lunch in packages to thousands of Bombay's working people with almost faultless efficiency without the help of information technology. But now Bombay's ubiquitous Dabbawalas lunch deliverymen have realized that they need to go high-tech after all -- not only to expand their business but also for their social security. The Bombay Tiffin Box Suppliers Association, an association of 5,000 lunch deliverymen who are called Dabbawalas (literally tiffin box carriers) in local parlance have finally started their own Web site and a text messaging order taking system that enables them to bag orders real time instead of depending on secondary sources like references or word-of-mouth. "The world is moving ahead on technology," said Gangaram Talekar, 61, the Hindi-speaking secretary of the Association, "and we have to move with times too. So we decided to take advantage of technology to expand our business." Talekar, who has been a Dabbawala for 40 years, admits that he has never operated a computer and doesn't know the language of text messaging "that well. I can just read the name, address and the telephone number of the sender in an SMS (short messaging service)," he says. "But I know that to grow and make our lives secure we must use technology." Indeed the Dabbawala's method of lunch delivery is unique. Their origin dates back to the 1890s, a period when Bombay saw an influx of people from various communities and regions of India migrating to the city to seek livelihood. According to the Association, there were no canteens or fast-food centers then, and those who could not take a packed lunch from home since they had to leave early invariably had to go hungry. Besides, different communities had different tastes and preferences that could only be satisfied by a home-cooked meal. Recognizing the need, a migrant from the Indian state of Maharashtra called Mahadeo started the lunch delivery service with…
The ambahan is a literary product and poetic expression of the Southern Mangyans of Mindoro, Philippines. Although there are about seven different ethnic groups living in Mindoro, collectively called the Mangyans, these groups are quite distinct from each other as to language, customs, and way of living. Only the ethnic group living in the south of Mindoro, roughly comprising the areas within the municipalities of Bulalacao (San Pedro), Mansalay, Oriental Mindoro and San Jose, Occidental Mindoro, claims the name Mangyan as the descriptive title of their tribe. To stress their point, they might add the epiteth: "Hanunuo" Mangyan, that is, a "truly, real, genuine" Manygan.…
Create a new thread within this forum and answer the following questions by Wednesday evening (11:59pm).…