CHAPTER 1: INTRODUCTION 1.1 Introduction There are two types of hire-purchase financing offered by banks specifically conventional hire- purchase and Islamic hire- purchase in Malaysia. The banking system in Malaysia is regulated by the central bank, Bank Negara Malaysia (BNM), a regulatory and supervisory bodies. The statutes applicable to both Islamic and conventional banks and financial institutions are the Banking and Financial Institutions Act 1989 (Act 372) (BAFIA) and the Islamic Banking
Chapter 1 Introduction Islamic banking is banking activity that is reliable with the principles of sharia and its practical application through the growth of Islamic economics. As such, a more correct term for Islamic banking is sharia compliant finance. Islamic banking has been defined as banking in consonance with the ethos and value system of Islam and governed, in addition to the conventional good governance and risk management rules, by the principles laid down by Islamic Shariah. Interest
substantial amount of risk is transferred from the government to the private companies. In case of privatization, the responsibility for delivery and funding of a particular service rests with the private sector, while in case of Public-Private Partnership (PPP) the entire responsibility is of the government for providing the services. Under privatization, ownership rights of asset are sold to the private players, while in case of PPP, government may continue to retain the legal ownership of assets. In privatization
banking, industrial finance, agricultural finance, financing of trade and international banking. Among the clients of the bank are multinational companies, Indian conglomerates, medium and small industrial units, exporters and non-resident Indians. The large presence and vast resource base have helped the bank to build strong links with trade and industry.
economy. Singapore financial system simplifies the flow of funds from the areas of surplus to the areas of deficit. Singapore financial system allows lenders and borrowers to exchange funds. The financial system is concerned about money, credit and finance-the three terms are intimately related yet are somewhat different from each other. Singapore
1.1 INTRODUCTION TO THE STUDY Asset Management involves the corresponding of costs, opportunities and risks against the desired performance of assets, to achieve the organizational objectives. This harmonizing power need to be considered over different time frames. Asset also enables an organization to examine the need for, and performance of, assets and asset systems at various levels. Additionally, it enable the application of analytical approaches towards managing an asset over the
Privatization refers to the process of transfer of ownership, either permanent or on long term lease in nature, of a once upon a time state-owned or public owned property to individuals or groups that intend to utilize it for private benefits and run the entity with the aim of profit maximization. On the other hand, engineering education is the activity of teaching knowledge and principles related to the professional practice of engineering. It includes the initial education (bachelor and or master’s
Jahangir Siddiqui Jahangir Siddiqui Group is one of the biggest financial services providers of Pakistan. This group is also the 2nd largest shareholder of the insurance company EFU. Jahangir Siddiqui was Pakistani Rags to Riches Business Tycoon, who founded JS group about 5 decades ago. Overview: When most fourteen year old boys were flying kites or playing cricket in their spare time, young Jahangir Siddiqui was busy running his business as a distributor of Coca-Cola in Hyderabad. He also set