Issuanc of sukuk and bonds in Malasiay Essay Example | Topics and Well Written Essays - 2750 words

Issuanc of sukuk and bonds in Malasiay - Essay Example The following discourse delves into Sukuk issuance with specific focus being on the Malaysian economy. According to Ayub (2009), Sukuk may be defined as certificates of equal value that represent an undivided interest in the ownership of an asset or investment. It should be noted that Sukuk have the benefit of being backed by assets hence they offer better protection to the investors as compared to the conventional bonds. Investors who require fixed investment return with low risk find Sukuk to be an ideal choice (Kuran, 2004). One of the forms of Sukuk is known as the Ijarah Sukuk. This kind of Sukuk is based on letting of property rights for a given property on an agreed price. Sovereign issuers have an inclination towards issuing Ijarah Sukuk on a sale and leaseback agreement for a given piece of real estate. The other type of Sukuk is known as Mudharabah Sukuk. This is essentially an agreement between the investors and managers of capital. These are investment Sukuk that represen t ownership of units with an equal value in equity. The holders of such Sukuks own shares and are entitled to the returns based upon the percentage of ownership. The key characteristic of Mudhabarah Sukuk is that the holder of the shares is not given a guarantee by the issuer on the capital and fixed profit but rather, the profit is based on a percentage of the given capital (Muhammad, 2009). Musyarakah Sukuk involves the contribution of capital by two parties to incorporate a common motivation. The issuer contributes a given amount of money to obtain a subscription of a given number of shares whilst the originator may contribute either capital or in kind. The profit is shared in a certain ratio and the losses are shared according to capital contribution. Sukuks known as Istisna’s are used to finance the purchase of a project item. The holder of the Sukuk offers finance for a given project and in turn obtains a title to the asset. The title can be returned to the developer at an agreed repayment methodology. It should be noted that Istisna’s Sukuk cannot be traded in the secondary market. Government bonds are issued by the government in order to finance the projects that they require. One of the key characteristic of government bonds is that they have a set maturity date. This implies that the issuer guarantees to give back the principal amount invested the bond after a certain period regardless of how the investment performs. Government bonds also have interest payments. The interest payment can be on a fixed rate whereby a fixed interest is paid periodically for the life of the bond or floating interest whereby the interest rate is determined periodically. The principal investment repayment is also a key characteristic of government bonds. According to Sharma (2007), â€Å"it is an obligation of the issuer to repay the principal amount in lump sum upon the maturity of the bond.†`p. 234. Some bonds also have a call feature whereby the iss uer has the liberty to return the bond before its maturity date and be paid a percentage of its principal amount. Once the callable bond is paid, the government stops paying interest on the bond. Government bonds are subject to a given minimum investment and have credit ratings. Bonds are income investment because the issuer pays a certain rate of interest for a given period of time until the bond

A Professional Development Plan Scholarship Essay

A Professional Development Plan - Scholarship Essay Example As the research stresses  mentoring relationships vary from loosely defined and informal collegial relationships wherein a mentee learns through observation and example to structured and formal agreements between novice co-mentors and experts wherein both parties develop professional by a two-way transfer of perspective and experience. Whether or not the relationship is considered formal or informal, the objective of mentoring is to offer or grant advancement, both professional and personal. In higher education, professors are charged with the duty of passing knowledge to students and prepare them for life after college or university. This makes this group very significant in ensuring continuity of society.From the discussion it is clear that  the work of a higher education professor is to educate academic and vocational subjects to both post and undergraduate scholars in institutions of higher learning. Some of their teaching method comprise of lectures tutorials, seminars, prac tical demonstrations, e-learning and field work among others. Multimedia technologies are also more and more being used today. A professor is also liable of pursing his or her own research in order to aid in the broader research activity of their institution or academic department. The goal is to have his or her scholarly article or book peer reviewed and published, which, on the other hand, will raise his or her profile and also that of their institution.

Biodiesel an Alternative Source of Fuel Research Paper

Biodiesel an Alternative Source of Fuel - Research Paper Example Due to the emergence of many industries involved in converting â€Å"raw materials into finished goods†, biodiesel proves to be an alternative source of fuel to suit the operations of the existing and emerging industries (Kowalski, 2010). This fuel is also suitable for diesel vehicles. Biodiesel is a kind of energy generated from fats or vegetable oils combined with alcohol (Kowalski, 2010). This fuel is ideal for diesel engines, as it does not require the modifications of the engines for its use. The United States of America generates this fuel by using soybean oil. Many companies prefer to generate this fuel from already used fats and at times use grease. Biodiesel is effective, as one may prefer mixing it with diesel or use it alone. Biodiesel is ideal during its use as it is friendly to the environment and nontoxic. It is a recyclable fuel. Biodiesel tend to burn cleanly with minimal chocking smell and emits an insignificant portion of smoke. This fuel is not a source of p ollution as it emits insufficient amounts of pollutants such as â€Å"carbon (1V) Oxide and hydrocarbons and no sulfur† is contained in this substitute source of fuel (Kowalski, 2010). During its preparation, filtration of the fats or oils extensively is necessary to remove the contaminants and water present. Biodiesel contains high amounts of energy and its accurate tackiness makes it apposite for use in all vehicles and equipment that require diesel. In order to realize energy liberty, Biodiesel is the initiative to take and follow (Kowalski, 2010). Preparing Biodiesel Transesterification is the procedure of coming up with biodiesel. This process involves a chemical reaction thus a catalyst is necessary to augment the speed of reaction. Since the fats and oils are hydrocarbons, filtration is a prerequisite to clean them. After they are clean, alcohol is added to the mixture and a catalyst introduced. Sodium hydroxide is the preferred catalyst to speed up its manufacture. Th e catalyst does not become part of fuel in any way. The resulting product of the chemical reaction is biodiesel fuel (Demirbas, 2008). Biodiesel has become popular as heating oil in many countries with many residents of the United States using this fuel in place of household oil. Letter â€Å"B† comes along with a certain number to mark it. The number represents the percentage of this fuel in a mixture of petroleum and biodiesel. For example, a combination of 30% biodiesel and 70% petroleum is denoted as B30. B20 is the most popular biodiesel globally. Compared to the fossil fuels, biodiesel emits fifty percent less hydrocarbon and minimum amounts of sulfates and oxides (Demirbas, 2008). Over the past twenty years, biodiesel has proved to be a substitute fuel. It offers preventive measures of handling and transporting as its biodegradable. To eliminate low temperature gelling, additives are readily available in the market. The companies announce on a gel additive that blends well with B100 to prevent gelling of temperature without altering the engine components. To maintain the stability of the fuel, recommendations are that blends of biodiesel above B20 to be used not more than six months after its production. Uses of fuel functions optimally above B20 in older vehicles, precautions are necessary due to deposits left by petrol diesel. Biodiesel dissolves the sediments that in turn obstruct the fuel sift. â€Å"Positive Impacts of Biodiesel on the Environment† Biodiesel as an alternative source of fuel offers some positive impacts on the human health as well as the environment. The largest impact made by this fuel on the environment is that it serves to reduce smog.

Analysis of Final Solution File by Stargardt Assignment

Analysis of Final Solution File by Stargardt - Assignment Example The next issue and the most important one is the final solution. These final solutions are the events that marked the end of the battle. It is ironical to call these events a final solution when they were catastrophic to the target. The final solution resulted in the death of about five million Jews including women and children. The historical explanations for why the Holocaust happened are wide and varied. Many different historians have stacked different claims and explanations for the motivation of the Germans to kill the Jews. The events happened during the World War II and the Nazi regime had blamed the Jews for their defeat in the World War I. One of the key factors that led to the extermination was Hitler’s personal anti-Semitism. The hatred brewed in Hitler and he received pseudo-scientific notions of biological racism in prewar and blamed the defeat on the Jews. Prior to the Holocaust, Hitler is recorded as declaring an annihilation of the Jews in Europe if the â€Å"international Jewish financiers should succeed in plunging the nations once more into a world war† (Stargardt, 2001). The actions of the Nazi regime were also an indication of the virulence of its anti-Semitism. In all these ideologies, Hitler is the central actor who plotted the killing of the Jews from the onset. The second explanation is a contrast to the first one and blames the way the Nazi state worked for the Holocaust. The functioning of the state was characteristic of giving an opportunity for local initiatives and autonomous decisions from the local level. This situation was enhanced by the blurring of institutional demarcations lines and the decentralization in the country. Further, the bureaucratic competition played a hand in aggravating the animosity that was proffered against the Jews.

Political Climate in 1980s Essay Example | Topics and Well Written Essays - 750 words

Political Climate in 1980s - Essay Example Liberals were subsequently wont to pronounce, to be sure, that conservatives were giving plain answers to difficult dilemmas. But the predicaments were multifaceted for the liberals only because they persisted on misinterpreting them at a very plain level. The depression time was intensified as conservatives were triumphed two times in the 1980s -- the corollaries of which prolong to reverberate - the first was the victory of the West in the Cold War; the second the intellectual victory of free-market economics over economic planning. Altogether, these have united to generate a noticeable move to the Right in the political world - as similar to the world's move toward liberalism after the crush of the Axis powers and the dishonoring of any kind of right-wing tyranny in 1945 (Ehrman, John., 2005). The political game continues for an indefinite period - but it goes on with a dissimilar ground and under shifting regulations. And though the Left have to be more baffled than the Right by the philosophical instability of the post-Cold War world, it is actually moving more rapidly to define again the rudiments and basics of the climate of political regime. With Reagan's assurance to reinstate the country's military force, the 1980s observed considerable spending on military, amounting to approximately $1.6 trillion in just five years. The administration then favored a lofty approach to the Cold War era, particularly in the Third World superpowers competition. Following the Vietnam fiasco, though, Americans were more disbelieving of swallowing the financial loss of troop promises. The government then sought to trounce this by supporting the fairly cheap policy of specially-trained counterinsurgencies in place of huge wars like Vietnam and Korea (Ehrman, John., 2005). The US administration then adopted a hard-hitting standpoint for USSR. Early in Reagan's first appearance, he assailed the competitor as the "wicked realm." When Jimmy Carter had justifiably ruined the plan of dtente following Soviet intervention in Afghanistan, the worries in East and West touched the levels that haven't seen since the crisis of Cuban Missile. And by the late 1980s, it turned out to be obvious that the Soviet Union would no longer make use of its forces to maintain the Eastern-European communists in control (Busch, Andrew E, 1997). Peoples have had lost their trusts that the communist system could bring a healthier lifestyle to them. In 1989, people came out in the streets and upturned the communist hold consecutively. After few months, the system inflicted on nations of Eastern Europe by Stalin for forty years vanished as if it were a bad delusion. Two years afterward, the European communist system is collapsed. Timeline for the 1980s January 5, 1980: Margaret Thatcher performed a Cabinet reorganize, firing Norman St. John-Stevas. January 20, 1980: Ronald Reagan succeeded Jimmy Carter, becoming the 40th head of the US. March 30, 1980: U.S. President Ronald Reagan is gunshot in the chest outside a Washington, D.C. hotel. November, 1980: Republican Party's Ronald Reagan became president. Reagan goes on to take on a hard-hitting anti-communist foreign strategy and tax-cutting strategies. 1985 - Chernenko passed away and Mikhail Gorbachev joined the office as general secretary of the Communist Party;

Research philosophies and principles Essay Example | Topics and Well Written Essays - 3000 words

Research philosophies and principles - Essay Example The postmodern moment (1990-1995) 6. The postexperimental inquiry moment (1995-2000) 7. The methodologically contested present (2000-2010) 8. The future moment (2010-). In each of the eight moments, different things are included in the definition of qualitative research (Jessor, Colby and Shweder, 1996, p. 129). However, it is customary to offer a generic definition of the qualitative research here: Qualitative research is a kind of research that is â€Å"based on a relativistic, constructivist ontology that posits that there is no objective reality. Rather, there are multiple realities constructed by human beings who experience a phenomenon of interest† (Krauss, 2005, p. 760). Researchers commonly adopt the qualitative methodology when they want to alter things for the better or want to bring a change. Therefore, advocacy and empathy are two of the most essential elements of the researcher’s lifestyle (Stake, 2010, p. 14). This paper evaluates and compares the research philosophies and principles of four research papers related to tourism. All of the research papers are based on qualitative research but have different research paradigms. 1. Visiting death and life: dark tourism and slave castles by Rasul A. Mowatt and Charles H. Chancellor Mowatt and Chancellor (2011) selected Ghana for their research since this country has most number of West African Slave Castles i.e. 36 out of the total 52 that have remained. Mowatt and Chancellor (2011) used interviews, photo elicitation and analysis of the tourists’ narratives in their methodology. The study involved 14 African descents eight of whom were females and six were males. All of them were from the US. The researchers agreed upon the non-generalizability of the research results. â€Å"As such the results from this study are not generalizable. A second sample could have yielded a confirmation or divergence in responses and behaviors with this sample† (Mowatt and Chancellor, 2011, p. 14 28). Research carried out by Mowatt and Chancellor (2011) is an exploratory research wherein the researchers don’t come with preconceived notions about the tourists’ motivations. This research was a mix of the modernist, critical representation and blurred genres moments of research. In course of their research, Mowatt and Chancellor (2011) found that although there is a lot of disparity in the ethnic identities of the aboriginal Africans and the African Americans that have been away from their indigenous place for centuries, yet they still relate to one another and shed away all their time-bound differences when they make a visit to the Ghanaian Slave Castles. The researchers found a special bond between the tourists and the Castles, which had remained unaffected despite their distance from their native land or change in their social identities that has occurred over the time. The factor of symbolic interactionism reflects in the tourists’ discomfort with the W hite people in the post-visit stage. It suggests that the tourists consider the slavery a racial matter in which the Black race has always been oppressed by the White. The fact that the researchers made use of photographs as a means to achieve the research objectives in addition to conducting the in-depth interviews with them and studying their ethnography makes this research relate to the blurred genres moment of research. Also, the researchers’ personal or intellectual biographies don’t show up in the research which further promotes the blurred genre

Microeconomics Essay Example | Topics and Well Written Essays - 500 words - 6

Microeconomics - Essay Example The nation with the greatest income disparity associated with inequality is Great Britain (Economist, 2007). Having equity in a system is very important. Equity is relative to the size of the family nucleus. A family with an income of $40,000 with six members has a lower standard of living than a single person with the same income. The importance about balance is that it has helped transform the United States into a society in which unity exists due to the existence of equity. In any system in which inequality a way to change the nation faith is by emphasising in the nation’s educational system. Those who waited for the reward that comes with education will have more opportunities that those who are not in a position to do the same and achieve a higher educational status such as a bachelors or a masters degree. In the village depicted in the story Patient Capital (2007) the Indian tribe members were witness of inequality rising within their communities due to a variety of factors. One of the most influential factors for the appearance of inequality among the Indian members was education levels. Most of the society did not have opportunities for college education due to family and village responsibilities which were necessary for the survival of a group of people living in very high levels of poverty. The educated member of the tribe gain much more wealth than the rest of the members. In the United its agriculture trajectory is good example how a group of people was able to evolve its economy by switching from agriculture model to a manufacturing and service economy. Such an economy is better able to provide greater levels of income which improve standard of living of the people. There are many persons in the US who have struggled to break the barriers of inequality. In systems such as the United States prior to the civil movements of the 1960’s or in South Africa prior to the elimination of apartheid in 1994