Summery Islamic Mode of Financing in other Countries (Malaysia‚ Iran‚ Sudan‚ Saudi Arabia) Introduction Islamic banking and finance may not be a totally new concept‚ the widespread expansion of this form of banking is certainly a fairly recent phenomena. There are more than 600 Islamic banking institutions and these institutions not only operate in Muslim countries‚ but have also gained footing in non-Muslim countries. Consensus forecasts expect the asset size of global IFSI to hit US$2 trillion
Premium Bank Islamic banking Sharia
wishes to finance all fixed assets and half of its permanent current assets with long-term financing costing 10 percent. Short-term financing currently costs 5 percent. Lear’s earnings before interest and taxes are $200‚000. Determine Lear’s earnings after taxes under this financing plan. The tax rate is 30 percent. - All fixed assets= $600‚000 - Half of its permanent current assets = $175‚000 - Long-term financing cost= 10% - Earnings before interest and taxes = $200‚000 - Tax rate= 30% Long-term
Premium Finance Generally Accepted Accounting Principles Economics
This means of financing has developed rapidly in the decades of sixties and seventies. At present this means of financing gained considerable importance due to its wide variety of applications and has gained a substantial increase in the sheer volume of transactions. Although this type of financing can be for long term‚ most lease financing is for periods of less than ten years. Under the subject of finance our concern is with financial leases rather than with operating leases. Hence we will study
Premium Finance lease Lease Leasehold estate
Defination Deficit Financing Deficit budget means that Govt. expenditure is more than its income from taxes and fee etc. Resources for deficit budget are met by borrowing‚ which is called Deficit Financing. In Pakistan deficit financing is needed because development programs require huge finance whereas domestic savings and income from taxes are not sufficient enough for this purpose. Increasing savings habits‚ population control‚ elimination of corruption‚ decrease in non-productive expenditure
Free Economics Investment Money
After the September 11 attack the Federal Government took several steps to combat terrorist financing‚ resulting with "More than $140 million in terrorist’s assets have been frozen across the some 1‚400 bank accounts worldwide." (Kaplan‚ 2006‚ Council on Foreign Relations) The United States government along with several other countries worked together and passed several laws to combat terrorist financing. After September 11‚ 2001‚ the thought of another attack weighed heavy on the minds of the federal
Premium Terrorism Money laundering September 11 attacks
Ronald Romero American Government Elizabeth McNamara 11/15/12 Campaign Financing: 2008 Election; Barack Obama vs. John McCain Campaign finance refers to all of the money raised and spent to promote a candidate or party for an upcoming political election. This money is a necessity for a candidate to have en edge in any election because the more funds they have the more they can do with it. What they can do with the money raised is another question. There are rules and regulations the candidates
Premium Barack Obama United States presidential election, 2008 Democratic Party
True / False Questions 1. Accounting is a system that collects and processes financial information about an organization and reports that information to decision makers. TRUE AACSB Tag: Communications Difficulty: Easy L.O.: 1 2. Assets on the balance sheet are recorded at market value or replacement cost. FALSE AACSB Tag: Reflective Thinking Difficulty: Easy L.O.: 1 3. In accounting and reporting for a business entity‚ the accounting and reporting for the
Premium Balance sheet Generally Accepted Accounting Principles Income statement
stockholder wealth maximization is a long-term goal‚ since stockholders are interested in future as well as present profits. According to world academy (2013)‚”wealth maximization is generally preferred because it considers (1) wealth for the long term‚ (2) risk or uncertainty‚ (3) the timing of returns‚ and (4) the stockholders` return. “Therefore‚ profit maximization and wealth organization are not the same things due to the fact one is good in short run while other is best on the long run. The shareholders
Premium Economics Stock market Time
The debentures are having a great significance as a means of corporate financing. Through debentures‚ the company is enabled to have the capital without giving any control over their holders. There is a certainty of finance for a specific period and the company can adjust its financial plan accordingly By issuing the debentures‚ the company gets an opportunity to trade on equity. Consequently‚ it results in increasing the return for the equity shareholders. There are certain individuals and institutional
Premium Finance Investment Economics
“The World is Heading for an Environmental Catastrophe” Task 1 Obtain a working definition for the term ‘environmental catastrophe’ Many people think‚ at the current rate of development the world is heading for an environmental catastrophe. Have humans destroyed‚ polluted and pillaged enough to cause a serious‚ wide scale disaster? Some say we cannot continue forward without changing our way of living. Have we over time exploited nature and it’s creatures for our own benefit? The effects
Premium Global warming Climate change Arctic shrinkage