Basically‚ the basic idea of Takaful is similar to conventional insurance. Both are aims to provide protection to individuals or corporate bodies from occurrence of loss and hazards‚ which it is a mutual financial transaction to safeguard against unexpected risk. These two contracts have the common objective of reducing a financial burden arising from any disaster or accidental loss like fire‚ flood‚ or storm. Takaful needs to be operated within Islamic principles which it must be Shariah compliance
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3. Value chains: Real or Virtual? With the steady grown in the country’s economy as well as the people’s living standards‚ the rhythm of people’s living is speeding up and a lot of changes have taken place in their daily life. The discussion about whether or not the Value chains is real or virtual is a very controversial one. Many people take the view that the reality of the value chain has a strong applied legacy. Nevertheless‚ there are also a majority of people insist that the value chain is
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Differences between Islamic and Conventional Financial Planning Financial planning is the process of creating strategies in managing financial affairs to meet life goals and the role of the professional financial planner is to analyse the financial circumstances of the client and to provide a plan to meet the client’s financial needs and goals. In carrying out his mission‚ the financial planner shall provide impartial assistance and act in the best interest of the client. For the Islamic financial
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comparison should cover the main topics as below: 1. Teamwork and Teamworking 2. Organizational Design and Structure 3. Organizational Culture 1. Teamwork and Teamworking Team is a combination of people within an organisation with skills‚ who are working together to achieve desired goal. Teamwork is the activity of working well together as a team with a collective of individual skills‚ talents and effects. There are four types of teams have been identified in LawrieTech
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Over recent years‚ there have been many debates over whether holistic or conventional medicine is the more reliable type of treatment for a patient. Holistic medicine‚ also called Naturopathy‚ is the art and science of treating the whole person: body‚ mind‚ and soul. Some different holistic practices are acupuncture‚ chiropractic care‚ herbal and vitamin therapy‚ and massage therapy. Conventional medicine‚ also called Allopathic medicine‚ is the practice of using drugs‚ radiation‚ or surgery to treat
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Money and Banking: Islamic Banking & Conventional Banking Submitted By: Rehman Sohail Hamza Arshad Submitted To: Ms. Shehla Akhtar [pic] Management Sciences Department National University of Modern Languages H-9‚ Islamabad Islamic Banking Vs Conventional Banking One must refrain from making a direct comparison between Islamic banking and conventional banking (apple to apple comparison). This is because
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Organic vs Conventional Essay Organic food‚ which was once only found in health food stores‚ is now a regular feature at most grocery stores‚ and has created a bit of a dilemma in the produce aisle. On one hand‚ you have an organically grown apple. On the other hand‚ you have an apple that was grown conventionally. Both of these apples are shiny‚ red‚ and firm. Both provide us with vitamins and fiber‚ and both are free from sodium‚ fat‚ and cholesterol. Which should you choose? For many reasons
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Introduction This essay is based on Formal and Informal organisations and the details and difference between the two. Recommendations and conclusions are also drawn based on the information presented. Formal and Informal Organisations The fundamental concepts of formal and informal organisations are regarded with the nature and processes in the workplace. A formal organization is the actual framework of the organization including its organizational chart and its chain of command which determines
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Introduction of Boundaryless Organization: Organizations are networking together and collaborating more than ever before. The concept of a boundaryless organization was invented at General Electric and explained in the book The Boundaryless Organization: Breaking the Chains of Organizational Structure. They are perfect for rapid innovation‚ and therefore ideal for companies in the growing technology industry. Jupiterimages/Comstock/Getty Images Jupiterimages/Comstock/Getty Images With the Internet
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1.1 Summarise the entitlement and provision for early year’s education It became an entitlement of all 3-and 4-year-olds in England to receive a free part-time early years education of up to 12.5 hours per week for a period of up to 38 weeks of the year as part of the Every Child Matters agenda and Childcare Act 2006. Every child should receive up to two years free education before reaching school age‚ this is ensured by local authorities‚ which is funded by the government. Although parents are
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