Modes of Islamic Finance: ISTISNA

Introduction Istisna' is a sale transaction where an item is transacted before it comes into existence. It is an order to a manufacturer/contractor to manufacture/construct a specific commodity/asset for the purchaser (borrower). The manufacturer uses his own material to manufacture the required goods. In Istisna', price must be fixed with the consent of all parties involved. All … Continue reading Modes of Islamic Finance: ISTISNA

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Meet the Only Female Activist Hedge Fund Manager Shaking up U.S. Companies — Fortune

Dianne McKeever doesn't like to talk about the fact that she's a woman. But her gender has made her a groundbreaker on Wall Street: The moment she launched Ides Capital last year, the 38-year-old became the only woman running an activist hedge fund shaking up U.S. companies. And her firm, which takes its name from… via … Continue reading Meet the Only Female Activist Hedge Fund Manager Shaking up U.S. Companies — Fortune

Secretarial Audit: Mitigating the compliance risk — Ace Group

Introduction Secretarial Audit! What’s it? In the Kenyan (or even African) perimeters, this is a new term and many, both business people and Corporate Secretarial practitioners, may get perplexed by the mere mention of the term, just like any other layman. On the contrary, in other countries like India, there are legal provisions in the […] … Continue reading Secretarial Audit: Mitigating the compliance risk — Ace Group

Deutsche Bank Says DoJ Wants It to Pay $14 Billion to Settle Mortgages Case — Fortune

The U.S. Department of Justice is asking Deutsche Bank to pay $14 billion to settle an investigation into its selling of mortgage-backed securities, Germany’s flagship lender said on Friday. The claim against Deutsche db , which is likely to be negotiated in several months of talks, far outstrips the bank’s and investors’ expectations for such… via … Continue reading Deutsche Bank Says DoJ Wants It to Pay $14 Billion to Settle Mortgages Case — Fortune

Meet the Women of Fortune’s 40 Under 40 — Fortune

Fortune‘s 40 Under 40 list is here, and it’s the most gender diverse yet. While we’re still not at parity--the list has 16 women, which makes it nearly 40% female--this year’s ranking is a step up from last year’s, which had 14 women. The women on our list are as diverse as women in the… via … Continue reading Meet the Women of Fortune’s 40 Under 40 — Fortune

Oxford Tops Ranking of Best Universities in the World — TIME

Oxford became the U.K.’s first university to top the Times Higher Education (THE) world rankings this year, ending the California Institute of Technology’s five-year streak. Oxford’s rise can be attributed to its growing international reach: Research funding rose 10% and total income rose to 1.4 billion pounds ($1.83 billion), the Guardian reports. According to its… via … Continue reading Oxford Tops Ranking of Best Universities in the World — TIME

How an ‘Insufferably Arrogant’ Kid Transformed Into a 38-Year-Old CEO — Fortune

Joel Gay is the CEO of Energy Recovery, a California-based firm whose technology helps recycle the energy wasted during processes such as fracking and cleaning water. At 38, he is one of the youngest black CEOs of a public company. He is also No. 13 on Fortune's latest 40 Under 40, a list of young… via … Continue reading How an ‘Insufferably Arrogant’ Kid Transformed Into a 38-Year-Old CEO — Fortune

Petrobras CEO Says Corruption Lawsuit Won’t Get in the Way of Business — Fortune

A U.S. class-action lawsuit over corruption at Brazil’s Petrobras will not overshadow the state oil company’s $74 billion, five-year plan to slash its crippling debt and refocus on its core business, chief executive officer Pedro Parente said on Wednesday. In an interview in his offices in Rio de Janeiro, Parente also said Petrobras was pressing… via … Continue reading Petrobras CEO Says Corruption Lawsuit Won’t Get in the Way of Business — Fortune

MUDARABAH

Mudarabah financing is a kind of partnership where one partner contributes money (i.e. the financier) to another (entrepreneur, who contributes his expertise, skill, knowledge, labour, idea), for investing in a commercial enterprise. The investment comes from the first partner who is called "Rab-ul-Maal" while the management and work is an exclusive responsibility of the other, … Continue reading MUDARABAH