Islamic Banking Systems in the UK

Islamic Banking Systems in the UK Ch. 1 Introduction This chapter provides a brief background of Islamic banking in the world as well as in the UK about its system and practice. The Islamic financial law has long history but Islamic banking and finance industry came into existence with Profit and Loss Sharing investment. Egypts Mit Ghamr Saving Banks in 1963. After official existence Islamic banking has grown in the area of finance, banking, insurance, mortgage, and assets management business with annual growth rate of 10-15 %. But actual development in Islamic banking is started after 1970 with new investment techniques, strategies and product development (Steward, 2008). Dubai Islamic Bank (DIB) is known as world first Islamic bank it was formed in 1975. Currently it has 48 branches which great services. DIB offers higher returns than conventional banking system as well they provide auto, home and personal finance products, (Platt, 2008). Islamic banking is a relatively little known in the West, and greater interest in disgust. The idea of Islamic Banking, but contains much more than the prohibition of interest. Islamic banking shows that ethics and finance can be connected to serve the society. The idea is to eliminate the banking system of injustice in the society. A clear link with the religion of Islam can lead to mistrust among the citizens in the West, perhaps out of fear of the unknown. Todays global society in the Arab world and the Islamic banking system is closer to us and must be treated. If the Islamic bank and its ethical values for the first time it will be utopia, the economic actors in the world. Attitudes are changing, but slowly, and in recent years, the value of the traditional banking system, which has begun to lo ok neutral, the conscience of a growing number of people. Author do not want to funds, banks and financial institutions, releases to companies which invest ethically and socially harmful act. The aim of this study is the question of Islamic banking important to clarify and explain some of their links to politics, history and religion. Islamic finance is on Islamic law Shariah that offers all the solutions and economic problems of the foundation. Under Islamic law, interest completely forbidden in Islam, because the interest rates very negative impact on society, such as the ability, purchasing power and increasing poverty, uneven distribution of the credit crisis and the economy. According to Usmani (2005) the main drawback in interest based system is financier has no concern with money when he gives an interest bearing loan to a client. But in Islamic financial contract cash money is not given to client, first of all they purchase the commodity and transfer to client then all profi t and loss will be distributed between parties according to agreed terms and conditions (Usmani, 2005). Is allegations that investment in Islamic financial system is very good for the economy, since the actual failure and the equilibrium, and it is helpful to improve the economy and society. Economic Law of Islam, there are some funds methods, such as Musharaka, Murabaha, Ijarah mudaraba and all the details of the case of the treaty, and some agreements in place systems for sharing profits and losses. Islamic financial system is based on the sharing of risks between the parties and the burden is not entirely consistent with the Parties. Islamic finance is not only the Muslim community because they are the moral and ethical approach to finance and investment. Islamic finance is also popular in all communities in the United Kingdom. Islamic finance has a number of challenges in the UK because the financial system is attractive to the traditional banking system, but the Islamic banking has great potential in the United Kingdom because it has less to five years in an Islamic bank carried out a significant role in the British financial markets . Ch. 2 The Problem According to the figures of Office for National Statistics 2001, there was 2.2 million (3.4%) Muslims living in the United Kingdom (National Statistics, 2010), but according to Home Secretary the Muslim population is increasing with high growth rate. In just seven years there is an increase of 40,000 Muslims in the UK and figures reached on more than 2 million which consist of 3.3% of total UK population (Guardian, 2010) There was no way available to the Muslims in the United Kingdom before 2000, but the Muslim population would spend their lives for their faith. Depending on the interest of Islamic education in Islam is strictly forbidden, and they want banking services such as savings accounts, checking accounts, mortgages, insurance and loans, backed by the Islamic law Sha Riah. The United Kingdom is a non-Muslim and all of its financial rules and rules for the traditional banking system. While the Muslim community has an active role in the economy, there was no need for a system that can start to accept these people. Islamic banking began in England in 2003, so that the Financial Services Authority. By 2003-2009, there is sufficient improvement and development of Islamic banking. There are currently two main part of traditional banks and Islamic banks, Islamic banking in its entirety. But the growing Islamic banking and start-up phase, and the Islamic bank is is a number of challenges in western s ociety as a socially, economically, and the contract terms. Instead of all the Islamic Bank now traditional banks also offer Islamic banking services with traditional banks such as HSBC Amanah offers the authors name is his own account in the name Lloyds TSB Islamic current account. Ch. 3 Aims and Objectives The United Kingdom is a non-Islamic country, the financial and banking rules most of the traditional banking system, because it is an Islamic bank is facing difficulties in the way of his progress. In other words, these problems, big challenges in the Islamic banking business, if they work hard to develop the Islamic banking in a short time. The study aims to identify opportunities for development and growth of Islamic banking in the United Kingdom and who are the biggest problems currently facing from the Islamic banking in the world in general and the United Kingdom in particular. I have divided the investigation of issues in three different areas, know that the banks and the Islamic banking sector, because is difficult without a basic understanding of information, develop the financial system, whether the opportunity for growth and development in the UK and what are the Challenges for Islamic Banking. This area will cover the basic and fundamentals of Islamic banking. It shows if the community and banks have a better understanding of Islamic finance and its exercise then it will play important role for development of Islamic banking in the UK. How important is to know the fundamentals of Islamic banking for Muslim Community and services providers? Do Muslim community really believe and understand the difference of Islamic and conventional banking? What are the factors that make Islamic banking prior to conventional banking to Muslim community? How important is Shariah law and its practice for Islamic finance and the role of Islamic scholars in promoting Islamic banking services and its products? The main research objectives of this project to be addressed are as follow: Is Islamic banking sector has a potential for product development? Whether Islamic banking is in position to satisfy its customers? Is Islamic banking has a potential to perform active role in the UK Financial Market and its growth in market development? Do Islamic banking able to enhance the investment opportunities in the UK and whether it can play prominent role for the UK economy? Is there any affect of the UK environment (political, social and geographical) for growth and development of Islamic banking? Is Islamic banking has proper regulatory and institutional framework in the UK? Whether Islamic banking has any problem in the UK in respect of supervision and scholarly committee? Is Islamic banking full informative to its customers or facing any difficulty in its marketing sector? Is Islamic banking in position to survive and develop in the age of competition and globalization?

Hcs 320 Communication

Communication Opinion Paper Karen Candido-Johnson HCS320 March 18, 2013 Lynn Bell Communication Opinion Paper Communication is expression of meaning through verbal and non-verbal means. It is the basis for relaying all information to another person or persons. We use it every day to tell people how we feel, to inform them of a situation or just to say hi. Effective communication is essential to getting your ideas and thoughts across accurately and understood. Healthcare communication differs since the information is more sensitive than communication, say, between friends.The patient has to be able to effectively give their concerns over to a stranger for the most part and it is the Dr. ’s job to understand that information given. Culture can also play a role too as different ideas about what communication is varies. The basic elements of communication which are listening, body language, speaking, open ended questions, summarizing, emotions and follow up (Hewitt,2009). For effe ctive communication to occur shared understanding must happen (Cheesbro, O’Connor & Rios, 2010) You can have all the basics of communication but unless both parties understand each other then it is just baseless information.The basic elements of effective communication differ from the basic rules of health care because there is often not shared understanding. A provider will receive the information from the patient regarding symptoms and make an informed decision. The Dr. will then try to explain to the patient the problem but it is hard to do so when someone does not have the medical background to understand what the situation is. This makes it difficult for effective communication to occur.In order to have the best chance at effective communication the provider has to encourage the patient to give as much information as possible. Patients may have a difficult time getting across to their Dr. what they are feeling or what is going on. It is then the providers responsibility to coax the patient into relaying the information in a way that they can understand. They can do this by being empathetic with the patient and showing kindness. By being open and friendly they can put the patient at ease and this would make it easier for them to talk about difficult issues they are facing.As McDonald (2006) said engage the patient and move beyond them feeling like an intruder and develop a relationship and report with the patient. Putsch (1985) said communication in health care is a complex issue. Language and cultural barriers complicate the situation. The primary problem is language. This can be fixed with interpreters to some extent, but you still have the basic cultural issues to go through. What one culture might see as not a problem, say loose bowels, could actually be an outlying cause of another more serious issue.There are also cultures where seeing a Dr. is not the way to fix an illness and they rely on homeopathic remedies rather than western medicine. Th is becomes problematic when a Dr. is seeing the patient after all else has failed and they don’t know what caused the symptoms, whether it was the cure or the actual illness. Dr. ’s and nurses have to be careful what they ask and how to speak to a patient because it might cause alarm or be considered rudeness when asked.Most hospitals and health centers now have cultural training to help providers navigate the minefield of problems associated with this. Everyone has some type of communication in their daily lives. It is effortless to most people. Something we do without thinking. In healthcare though, we have to be extra vigilant to make sure the lines of communication stay open. Without effective communication a patient is not able to tell their provider what is wrong and there for the provider will not be able to make a good diagnosis and help cure the patient.References: Cheesebro, T. , O'Connor, L. , ; Rios, F. (2010). Communicating in the Workplace  . Pearson Ed ucation Hewitt, D. (2009,  December). Basics of Effective Communication. Live Strong   McDonald, D. D. (2006). Health care communication. New York, United States, New York: Springer Publishing Company. Retrieved from http://search. proquest. com/docview/189457409? accountid=35812 Putsch MD, R. W. (1985,  December). Cross-cultural Communication The Special Case of Interpreters in Health Care. Journal Of American Medical Association,  254(23).

Fast Food Popularity in China Essay

Examine the reasons for the popularity of fast food restaurants in your country. When, why, and how have these restaurants become so popular? (Cause) Demonstrate the impact of this popularity on your country’s culture, i. e. , food, health, economy, lifestyle. (Effect) You will need to do some research on the fast food chains growth, menus, nutritional background, business models, and perhaps more. Your research should include more than one fast food restaurant. Recently, McDonald’s announced their plan to expand outlets from 1300 to 2000 by the end of 2013 in China. It is reported that the main purpose is to compete with KFC, which is the largest quick service restaurant brand in China with over 4,200 restaurants in more than 850 cities across China. The growing huge market and politic strategies taken by restaurants make fast food popular in China; this in turn has a great influence on China’s economy, culture and health. There are several of causes for fast food popular in China. On the first place, the growing market and industry attract plenty of fast food restaurants. China’s fast food market worth over 700 billion yuan in the last year and had a rapid speed–about 12 percent in the past several years. Furthermore, the market is estimated to grow to 1400 billion yuan by 2015. The second main cause of this popularity is some strategies taken by fast food brands especially localization. Take KFC for example, the brand adds many localized product like Beijing Chicken Roll, tomato egg soup and corn salad to meet Chinese consumers demand. The popularity also brings some effects especially for Chinese culture. First, the change reflects on food consumption habits. For example, Yum! China’s menu is dominated by meat-rich food except for breakfast. Furthermore, fast foods are becoming affordable by most people so that the brand opens almost one third of its restaurants in countryside. Second, traditional wedding has been influenced with wedding services provided by some fast food brands. Nowadays, to compare with Chinese traditional, extravagant and tawdry weddings, more and more young people in China prefer smaller, easier and cheaper weddings. Many fast food restaurants contribute to this tendency like McWedding offered by McDonald’s, which is held by restaurant assistants with a more intimate and less costly way. In short, fast food popularity has an effect on Chinese eating habit and wedding tradition. Also, the popularity has an effect on economy. For one thing, it increases the revenues for economy. The revenue of fast food industry in 2011 is $74. 8 billion which benefits the economy in turn. More important thing is that the revenue will keep growing at the rate of 14. -15. 0% in the next five years. For another thing, it influences the agriculture. With the explosive development of fast food industry, many grain farms are out of use. In 2011, there are roughly 700 thousand hectares of arable land are reconstructed to raise livestock or fowl instead of growing grains. As a result, China needs to rely more on importation and increase grain imports. In 2010, China imported 927 (1000 MT) wheat, while in 2012, nearly 3200 (1000 MT) wheat were imported. It is obvious that the popularity benefits China’s revenue while harming the agriculture foundation. Finally, the popularity also carries two problems for people’s health: obesity and diabetes. The number of overweight people has grown from 18 to 100 million in the last 5 years with the rapid development of fast food industry. As a result, many complications like high blood pressure and diabetes become more common in China. Take diabetes for example, there are over 92 million adults suffer from diabetes and the costs of diabetes make up nearly 1. % of GDP. It is undeniable that fast food restaurants make Chinese people cost a lot on their health especially on the treatment of diabetes. In conclusion, the pursue towards maximum profits and proper strategies contribute to the popularity of fast food in China, as a result, China’s culture, economy and Chinese health. In the foreseeable future, the popularity of fast food will last for a lone time and will have long-term effects in china.

The Black Cowboy - 1173 Words

Unique to the United States, the Old West wields a powerful influence on the American imagination that can still be seen in numerous aspects of the nation’s culture, such as clothing lines and movies. Unfortunately, as is the case with most other periods, historic acknowledgement of African Americans’ contributions to the West is still not complete. Only recently, within the last few decades, have American scholars and the film industry earnestly begun to correct this period in regards to African Americans. In 2005, the Idaho Black History Museum (IBHM) in Boise assembled a display that incorporated the black cowboy into it. The West has always held the promise of opportunity for countless Americans. While many African Americans struggled†¦show more content†¦By the early twentieth century, black cowboys accounted for two percent of the total equestrian population in the West. In Idaho, where African Americans comprised about 0.2 percent of the total population, blacks made up 1.8 percent of the State’s cowboy population. Only recently have some of these individuals begun to receive the recognition they deserve. In 2008, Henry Harris, a deceased black buckaroo of Spanish tradition, found his way into the Buckaroo Hall of Fame in Winnemucca, Nevada. For decades, he had gone relatively unnoticed by most Americans. Conceived in slavery and born in freedom, Harris had traveled west from Texas chasing the promise of a better life. Following John Sparks, the future governor of Nevada, in 1903, Harris found himself in the midst of a large cattle empire encompassing northeast Nevada and southern Idaho. Like most African Americans, Harris began his buckaroo experience branding cows and breaking horses; two undesirable jobs often relegated to black cowboys. As Harris showed greater skill and leadership, Sparks would later make him foreman over a crew of both black and white cowboys. The color of his skin had not restricted his opportunities as a buckaroo; most white cowboys treated Harris as an equal on the range. Off the range though, he was just another black man and became racially inferior once more. Though Harris had left some influence on Idaho and the West, he is far from the only black cowboy to have done so. RecentlyShow MoreRelatedThe West Were The Cowboys1368 Words   |  6 Pagesold west for a long time, black cowboys were one of the most prominent groups of individuals at the moment. The most popular figures in the west were the cowboys. Western history is loaded with memorable stories and old stories about cowboys and their incredible deeds and fame, however almost no is thought about them being black. 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