Successful Islamic Financial System: A Lesson from Malaysia ABSTRACT The Islamic financial system in Malaysia has achieved phenomenal growth since its humble beginning in 1963 with the establishment of Pilgrimage Fund or ‘Tabung Haji’. Central Bank of Malaysia reported an average annual growth rate of 18% in the last two decades. Malaysia has been regarded as the role model amongst Organization of Islamic Countries (OIC)‚ in implementing Islamic financial system and has a strong potential to
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The Failed Corporate Culture of Enron High risk accounting‚ inappropriate conflicts of interest‚ extensive undisclosed off-the-books activity‚ excessive compensation these are some of the headings of the report prepared by the U.S. Senate’s Permanent Subcommittee on Investigations titled "The Role of the Board of Directors in Enron’s Collapse." (Permanent Subcommittee on Investigations‚ 2002) In February‚ 2002‚ Enron’s former Chief Executive Officer Jeffery Skilling had testified before members
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The Devil We Knew: Americans and the Cold War H.W. Brands’ book was a pretty solid read. It provided a different outlook on the Cold War‚ as it sought to show that it was not merely an American victory over "communism" and the Russians. There was far more to the Cold War than most Americans would care to admit‚ but Brands puts it out there for the reader to take in. Brands’ purpose for writing this book was to inform the reader of actions taken before‚ during‚ and after the Cold War. After
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When presented with the questions‚ “If you knew you were going to die tomorrow‚ what three people would you call and why?”‚ many names and faces come to mind. Along with these‚ come a mix of emotion and feelings. Although it is a tough decision‚ my first call would be to my mother. Seeing how she is the woman who brought me into this world‚ it would only be fair that she would be the first to know that I was leaving it. Calling my mom would also serve two other purposes. The first being that my father
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Enron is a company that specializes in energy and power industry. They provide gas‚ oil‚ and electrical services worldwide. These comprise wholesale services‚ retail energy services‚ broadband services‚ and transportation services. They have reported revenues of $100.789billion‚ $40.112billion‚ and $31.260 billion for the years 2000‚ 1999‚ and 1998 respectively. This is a growth of 151.3% from year 1999 to 2000 and 28.3% from 1998 to 1999. This is unparalleled in the relatively stable energy business
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Substance Abuse KHP 230: Human Health and Wellness 1-27-2015 BY: Katelyn McGraw Everyday there are more and more young people using drugs and drinking alcohol. These numbers have increased dramatically. This could cause things to be more dangerous for other people. I know that there are many reasons why are youth are want to try these things. They do it because they might be bored. Others think it makes them seem older. Some are just silly enough to think that their reputation is at stake
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CASE 3 Enron: Questionable Accounting Leads to Collapse Once upon a time‚ there was a gleaming headquarters office tower in Houston‚ with a giant Tilted ―E‖ in front‚ slowly revolving in the Texas sun. Enron‘s suggested to Chinese feng shui practitioner Meihwa Lin a model of instability‚ which was perhaps an omen of things to come. The Enron Corporation‚ which once ranked among the top Fortune 500 companies‚ collapsed in 2001 under a mountain of debt that had been concealed through a complex scheme
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massive amounts of devastation to homes‚ businesses and shore areas. It left families grieving for those who were lost‚ and left a nation feeling sorry for those that were now homeless. The preceding actions that took place after the storm are what might be remembered most about this devastating storm. Epic Failure The post storm relief effort of Hurricane Sandy or lack of it is what is making news today. The lack of both a tactical and strategic plan from important leaders of our country has
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Legal Issue in Business: The Case of Enron [Name of the Writer] [Name of the Institution] Legal Issue in Business: The Case of Enron Introduction Business ethics is based on normative ethics ‚ standards that ethics are upheld and applied specific to distinguish what is right or wrong‚ that is to say what should be done or who should not be fact. However‚ with few exceptions‚ business ethicists are usually less interested in the foundations of ethics (meta-ethics) or by the principles
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Health Care Financing Introduction Health Care financing has been a big issue in the Unites States since the 1960’s and today it is even more of a serious issue‚ with the millions without insurance and health care costs on the rise the United States health care industry is in trouble. Economic hard times have affected Medicare and Medicaid and it has resulted in many cuts. Private insurance companies have raised rates and employers have had to pass the cost onto employees by raising premiums
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