IJARAH – Islamic Leasing
IJARAH – Islamic Leasing The meaning of Ijarah – Islamic Leasing is to give something on rent. This is to rent a fixed asset to a person (the lessee) by the owner (the lessor) at an agreed rent price for…
TAKAFUL – Islamic Insurance
TAKAFUL – Islamic Insurance Takaful – Islamic Insurance is originated from Arabic word Kafalab. It means “joint guarantee”. This is a cooperative scheme where participants pay donations (a premium), which is also called Tabarru, in a common pool. In return,…
Why we do Murabaha Contract
Murabaha Sale! It is a sale when a person expressively mentioned about cost or original price of the goods and adds some profit before selling to next. Murabaha is absolutely not a loan or not any kind of loan. It…
Define Mudarabah Types, Principle, Risk for Islamic Banks
The Mudarabah contract is a form of partnership between one who contributes efforts in the form of managerial skills (Mudarib) and the other who contributes capital (Rabb-ul-maal). Profit from the outcome of the venture is shared between the capital provider…
Musharakah Partnership – Basic rule of Musharakah
Musharakah: The English meaning of Musharakah is “Sharing” Partnership. It is a structured joint venture or partnership in which the profit and loss of enterprise are shared according to Islamic finance. It means all partners will need to share loss…
Comparison between Islamic & Conventional Economic Systems
Economics Economics is the efficient utilization of available resources to satisfy maximum needs and wants. Generally, the arrangement, management and distribution of available resources, such as, services and goods either across geographic region or within country by any government or…
Strategic Management Process
What is Strategic Management? Strategic management (Academic Term) or Strategic Planning (Business Term) is the art and science of formulating, implementing, and evaluating cross-functional decisions that enable an organization to achieve its objectives. As this definition implies, to achieve organizational…
Knowledge is Power
Knowledge is not the same. The journey of life is not as easy as how human imagine it, talking about knowledge it is the understanding of gaining the ability of knowing fact about many circumstances, the definition of knowledge is…
VALIDITY AND RELIABILITY IN QUALITATIVE RESEARCH
LONG-TERM CAREER DEVELOPMENT AND EMPLOYABILITY HR professionals’ views on work motivation and retention of older workers: a focus group study Disclaimer: This is only for students’ understanding purpose and do not have any authority / responsibility by Knowthys. INTRODUCTIONThe purpose…
AMO Model
Ability, Motivation & Opportunity I welcome you all with greetings, May Almighty Bless us all.I am very thankful to my Honorable Mentor Sir Salman Abbasi who has given me an opportunity to share a life story in the framework of…
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