Look at the Assignment Criteria Essay Example | Topics and Well Written Essays - 3000 words

Look at the Assignment Criteria - Essay Example The philosophies and principles that form the basis of Islamic banking have been detailed in the Holy Quran and the Sunnah of Prophet Muhammad. Islamic banking is seen as the revival of Islam. This is also taken as an expression of the Muslims to live on the principles of Islam. In Malaysia, there is a separate legislation governing the Islamic banks and these co-exist with the traditional banks. The Islamic Banking Act of 1983 vested the powers in the BNM to ensure that the Islamic banks worked under regulation. Bank Islam Malaysia Berhad (BIMB) was the first Islamic bank to be established in 1983 and they adhere to the principles as stated in the sharia. (PKUKM, n.d.). By 1992 BIMB spread out all over the country. Very soon it developed a network of 80 branches with 1200 people working in them. Bank Muamalat Malaysia Berhad (BMMB), the second Islamic bank, came into existence following the merger of Bank Bumiputra Malaysia Berhad (BBMB) with Bank of Commerce (Malaysia) Berhad (BOCB ). The Islamic banking system can be viable if it fulfills there vital requirements. The number of players in the banking system should be large; they should offer a wide range of financial and banking instruments. Besides, there should be an active Islamic money market (PKUKM, n.d.). In addition, the Islamic banking system should have the characteristics of Islam and work under those principles. BNM played the lead role in disseminating Islamic banking at the national level so that it could reach all Malaysians. The commercial banks too were encouraged to promote Islamic banking products and services from their existing infra structure and branches. This increased the number of institutions that offered Islamic banking products and services within the shortest time and minimum costs. Under the scheme known as "Skim Perbankan Tanpa Faedah" BNM further enhanced the promotion of Islamic banking. The Islamic banks or the

Mayor John Lindsay's Time in the office Research Paper

Mayor John Lindsay's Time in the office - Research Paper Example He was competing with two other political rivals also struggling for the office of Mayor. He defeated A.D. Beame, the then comptroller and W.F. Buckley, Jr who were contesting under the banner of Conservative party. When John Vliet Lindsay got the office, the condition of the city was not good as far as the commodities of life were concerned. The city was dumped in serious fiscal and economic upheavals that it was very difficult for any one holding the office of the Mayor to help the City out of this abyss. The outgoing Mayor, Mr. R.F.Wagner, Jr had left a deteriorated economy where the jobs, especially for the uneducated class were disappearing and the migration from the city was at peak. The people were in a very tough condition and the administration has nothing to heal up the problems of the people. The people were thus in coercion and were helpless and have no other option then to leave the city and settle somewhere else. The middle class families were moving to suburbs to live with contentment. The industrial sector was going down, the public sector was in skirmishes and the workers of the public sector had won the right to unionize. Keeping in mind all these aggravated problems it was very tough for John Vliet Lindsay to hold office and control. ... The city was hit by crisis over crisis and this was not only due to the predecessors’ policies but the ill policies of Lindsay gave impetus to these crises which shook the walls of the city. Some of the issues relating to problematic concerns of the city are as under. Labor Issue: When Lindsay took the charge on his very first day, the transport workers staged a protest and shut down the whole city including the subways and bus services. They set an ultimatum of 9 days to meet their demands but the poor policies of the Mayor neglected the ultimatum and did not negotiate with the transport workers. The refusal of the Mayor resulted in three more days of strike and lasted for 12 days. Even then when the negotiations went successful, the leader of the transport workers Mike Quill in a press conference made mockery of the Mayor by saying that negotiating with the Mayor is not a hard task. After such an outrageous protest by the transport workers, Lindsay turned a deaf ear to such protests and in a press conference remarked that New York City is a fun city where nothing happens badly. This point of view was quoted by many newspapers in sarcastic and sardonic points. The country crept on moving in to the abyssal plash and the corporate headquarters started moving out of the city. Still the resonance of the debacle of the corporate sector was in sounds that the Mayor blasted the scene of New York City with another development (Pileggi, 1969). City’s School System Decentralization: According to Pileggi (1969), in the year 1968, the Mayor allowed the decentralization of the city’s school system granting three local school boards under the complete control over other schools. This was a thing of concern for the teachers as now they