There are several advantages and disadvantages of the single tier dividend system over the imputation system. The first and main advantage of this system is the ‘complete free flow in the channeling of profits of the company to the shareholders as exempt dividends’ (Choong‚ 2008). This is to say that as long as there are profits made by the company‚ it is allowed to frank the said profits as dividends to its shareholders without any limitations. Under the imputation system‚ the company was
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Laney has been receiving tier 2 intervention for about six weeks‚ for the first three weeks Laney was making progress. After the third week of tier 2 intervention‚ during the fourth week Ms. Jacobs noticed that Laney maintained the same progress as week three. Then Laney dropped off in the fifth week of tier 2 interventions and then during the sixth week Laney was able to bring her score back up in a positive direction. But Laney is not responding adequately enough with the tier 2 intervention‚ that
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A Critical Perspective on the Principles of Islamic Finance Focusing on Sharia Compliance and Arbitrage James M Garner* Abstract This essay is a comprehensive discussion of the crucial Islamic finance principles written within Sharia law that govern the sector. Riba (prohibition of interest) being the major and most widely known is central to the discussion. However‚ this essay deals with many other of the major financial principles‚ for instance Gharar (avoidance of excessive risk)‚ Maisir
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TABLE OF CONTENTS Introduction……………………………………………………………………………..…….2 Inclusive Banking………………………………………………………………......................3 Bottlenecks…………………………………………………………........................................3 Way Forward……………………………………………………………………………….....3 Why Priority Sector Lending………………………...………………………………….…….4 New Initiatives…………….…………………………………………………………….…….5 Plan for ICICI Bank……..………….……………………….…………………………….…..5 Product…………………………………………….…………………………………………..6 Channels of Distribution……………………………………………………………………
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Islamic green revolution was a substantial transformation in the agriculture between the mid-8th-mid-13th century which was known as the Islamic Golden Age. This article discusses the major four keys behind success of the Islamic Agricultural Revolution. These were: 1. Islamic rules on land ownership and labour rights. 2. Irrigation methods. 3. Improved farming techniques and a scientific approach to farming. 4. Introduction of new crops. Islamic Rules On Land Ownership And Labour Rights. During
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Interest Based Banking on SocioEconomic Environment and Its Solution through Islamic Finance Concepts Mohd Saleem*‚ Matloob Ullah Khan**‚ Dr. Sadaf Siraj** *VAG Management Services‚ DDE Sikkim Manipal University‚ New Delhi‚ India **Department of Management‚ Jamia Hamdard‚ New Delhi‚ India Abstract- The main objectives of this paper are to trace the emergence and importance of interest based banking and it impact on socio-economic environment. The impact of interest based banking system was
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All praise is due to Allah‚ Rabb (Cherisher and Sustainer) of all the worlds. I bear witness that there is no god worth to be worship except Allah Who sent His Prophets (a.s.)[1] to guide mankind to the righteousness. I bear witness that the Prophet Muhammad bin Abdullah (s.a.w.)[2] is the true and final Messenger of Allah to all nations who fulfilled his mission to mankind. May peace and blessing of Allah be upon the Prophet Muhammad‚ his family‚ and his Sahabas(companions)? "O‚ you who believe
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The Reformed System: Interest Free Banking ………………………………….. Dr. Sirajuddin H Chougle‚ Dr. Abdul Majid Ansari‚ Associate Professors‚ Department of Commerce‚ Maharashtra College‚ Nagpada‚ Mumbai. 400 008.India Contact:sirajchougle@gmail.com ……………………………………………………………………………… Abstract One major problem the world faces today is acute poverty or widening gap between rich and poor. There have been continuous efforts to tackle this issue. The efforts are made to develop a balanced world. Banks
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Islamic Trade Finance Presented by Jamaliah Abd Malik Objective • At the end of this session‚ the participants will be able to • List down the trade finance-i products available • Explain briefly the concept applicable Contents • • • • • Introduction • What is trade • Method of payments Summary of products available with banks Letter of credit-i Trust receipt-i Letter of Guarantee-i Contents- contd • • • • • Shipping-i Accepted Bills-I Bills Purchased-i
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Quarterly Bank-wise Access to SBP IRC Facilities FY 2012-13 No. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 Name of Institutions Industrial Development Bank Limited Pak Kuwait Investment Co. Limited Faysal Bank Limited Summit Bank Limited United Bank Limited SILKBANK Limited The Bank of Punjab NIB Bank Limited Pak Brunei Investmnet Co. Limited Pak-China Investment Co. Limited Pak Libya Holding Co. Limited MCB Bank Limited Habib Bank
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