| Learn a Hadis from Sahih Bukhri today: |
| vol-2chapter-26number-820 Narrated Nafi "Ibn 'Umar used to spend the night at Dhi-Tuwa in between the two Thaniyas and then he would enter Mecca through the Thaniya which is at the higher region of Mecca, and whenever he came to Mecca for Hajj or 'Umra, he never made his she camel kneel down except near the gate of the Masjid (Sacred Mosque) and then he would enter (it) and go to the Black (stone) Corner and start from there circumambulating the Ka'ba seven times hastening in the first three rounds (Ramal) and walking in the last four. On finishing, he would offer two Rakat prayer and set out to perform Tawaf between Safa and Marwa before returning to his dwelling place. On returning (to Medina) from Hajj or 'Umra, he used to make his camel kneel down at Al-Batha which is at Dhu-l-Hulaifa, the place where the Prophet used to make his camel kneel down. " |
Islamic Bank/finance V Traditional bank/finance
Bank lends money to its client with variable or fixed rate
interest. Islamic banks does the same but in different ways. Islamic banks claim
that "Usury/interest is forbidden in Islam but trading is permitted." So Islamic
bank instead of cash advance, they buy the goods for you and re sell it at an
upper value with deffered payment arrangement. Example, Islamic bank will buy
you a CAr which cost them 500,000tk and they will sell it to you at 600,000tk.
The 600K is payable in equal installment say for 5 years. The islamic Banker
will claim-It is trading...no interest invovlved in it--and so it is Okay.
Now lets analyse the real situation. In The Quran Usury is
mentioned in the following verses:
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Are you suffering from Scarce resource? Limiting factor analysis may be the
answer
A limiting factor is a scarce resource which is in short supply.
Example of limiting factors-Shortage of materials, labors, machine hours, money
etc. Limiting factor analysis is technique that will maximize contribution for
an organization by allocating scare resource in the production mix in a way that
the firm can earn the highest contribution per unit of the limiting factor. We
might have a single limiting factor or a multiple limiting factor in practice.
Where a single resource is scarce a three step calculation followed by ranking
by contribution per unit of limiting factor is used. Where a multiple limiting
factor exists, linear programming is used. I will discuss the single limiting
factor first with an illustration.
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