ETHICAL SYSTEM DEFINITION SLOGAN STRENGTHS WEAKNESSES EXAMPLES IN APPLICATION Subjectivism The doctrine that knowledge is merely subjective and that there are no objective moral truths. “It’s either my way or the highway.” You learn to trust yourself in your decision-making. You are not prepared to learn from the experiences of others (from which wisdom is derived). People around the world have different views‚ some of which are influenced by personal tastes‚ feelings and opinions
Premium Morality Ethics
TITLE PAGE: COMPARATIVE ANALYSIS OF PERFORMANCE OF BANKS IN MALAYSIA:ISLAMIC AND CONVENTIONAL BANKS FROM 2006 to 2010 By: SATHESH A/L GOPINATHAN B0702069 Graduation Project Submitted to the Department of Business Studies‚ HELP University College‚ in Partial Fulfillment of the Requirements for the Degree of Bachelor of Business (Finance) Hons OCTOBER 2011 DECLARATION OF ORIGINALITY & WORD COUNT I hereby declare that the following graduation project is actually based on my original work except
Premium Islamic banking Bank Fractional-reserve banking
questioned with lack of knowledge‚ just as if any other scholarly subject wasn’t studied such as math or English. Albert Camus once stated‚ “A man without ethics is a wild beast loosed upon this world.” According to Benedict’s “A Defense of Moral Relativism‚” every culture has to draw a line between what is normal and what is abnormal. The line between normality and abnormality has to be distinguished in order to understand others in that same culture. For example‚ noises that people in American culture
Premium Cultural relativism Morality Ethics
Issues Today: Universalism vs. Cultural Relativism One of the most pertinent issues of the past twenty years has been the conflict between two different ideologies of human rights on a national scale‚ universalism‚ and cultural relativism. Universalism holds that more “primitive” cultures will eventually evolve to have the same system of law and rights as Western cultures. Cultural relativists hold an opposite‚ but similarly rigid viewpoint‚ that a traditional culture is unchangeable. In universalism
Premium Anthropology Culture Cultural relativism
between Islamic Banking and Conventional Banking Introduction As far as commercial banking is referred‚ there are two main differences from the traditional approaches (conventional or Islamic)‚ and these are very significant evolutions. One is that this method believes commercial banks as serving providers‚ rather of like “money lenders” (conventional) or “investing-collaborators” (Islamic). Interest-free banking is inferred as a sub-model; the conventional banking is considered as an “inflation-free”
Premium Bank Islamic banking Fractional-reserve banking
Importance of Non Conventional Energy Research has shown that fuels such as oil‚ gas and even nuclear have a remaining life span of 70 years. As the industrialized modern world consumes increasing amounts of energy‚ finding non-conventional energy sources becomes essential to sustain worldwide energy demands. There is considerable debate about the efficiency of non-conventional energy and its ability to supply the world. The contribution of renewable sources
Free Fossil fuel Wind power Renewable energy
consequence of individual or Organisational characteristics? What would promote ethical behaviour at work? 1. Introduction The aim of this research essay is to discuss on what type of characteristics drive and influence people’s actions ethically at work. Ethics is an important value everyone should have‚ whether at work or in life. In an organisation‚ workplace behaviour ethics should be a core value. Being ethical is essential to fixing problems and improving processes. This is crucial in establishing
Premium Ethics
An Article Review on “Ethical Investment Processes and Outcomes” Introduction This article was written by Grant Michelson‚ Nick Wailes‚ Sandra van der Laan‚ and Geoff Frost. It was published in Journal of Business Ethics by Springer. This article highlights the key themes in the field and identifies some of the major theoretical and practical challenges facing both scholars and practitioners. Summary Generally there are two kinds of investors in the market‚ one who invests considering the pros
Premium Investment Socially responsible investing Business ethics
Different between Conventional bank and Islamic bank GENERAL DIFFERENCES There are many differences between conventional and Islamic bank. In conventional bank‚ money is a product besides medium of exchange and store value. The design of conventional bank is based on interest. They are charging higher interest rate on capital. The functions and operating modes of conventional banks are based on fully manmade principles. In conventional bank‚ they thought that interest rate give biggest profit
Premium Fractional-reserve banking Riba Asset
Ethics What is the meaning of ethics? Actually‚ the definition of ethics is complicated. Some philosophers have attempted to make ethics objectively and universal‚ while others claim moral decision making is a lonely‚ intuitive‚ and wholly individually business of making fundamental choices. Some individuals anchor their ethics in religion; and some believe morality is an odd mixture of received tradition and personal opinion. During the past 50 years‚ ethics has moved from the academic realm of
Premium Ethics