Islamic banking is identical to conventional banking, with the notable exception of a few principles. It isn’t as complicated as it sounds, and it’ll only take you five minutes, so let’s get reading!
It refers to all kinds of transactions that abide by Syariah law, as written in the Quran, Hadith, and Sunnah. This principle applies to all banking products and services, hence loans and investments are not permitted in areas that are forbidden within the religion. Islamic banking is not exclusive in nature and is in fact quite appealing to sectors of non-Muslim people who are aware of its benefits.
Islamic banking lies in the principle of risk-sharing, meaning that the bank will also share a portion of that risk instead of putting it solely on the shoulders of its customer. Any profits yield from investments will be distributed between the bank and its customer as per terms agreed.
If a customer borrows money to start a business from a conventional bank, he or she will still have to repay the interest-ridden principle debt even if it tanks. On the flip side, borrowing from an Islamic bank will provide some relief as the bank will share the burden if the business flops.
Islamic banks make its money by way of providing a service, and all financial dealings must be substantiated with assets. For example, instead of charging interest like conventional banks do, the Islamic bank purchases your product for you and sells it back to you at a higher price, thus justifying the service that it can charge its customer for. Another typical example would be that the bank purchases your home for you, and have you pay monthly for rent, which actually enables you to take ownership of it at the end of the day. For this reason, Islamic finance is a good and fair product to take up when it comes to making big commitments.
The internet is swarming with reviews on the iPhone X. How much of a difference does a “notch” at the top of the screen make? How secure is the Face ID? Most of all, how would you carry on without a hardy home button?
If innovation calls for the annihilation of the home button, so be it. And replacing the fingerprint scanner with facial recognition? Genius. It is a technological revolution that works.
The price tag is a bit of a deal breaker, but if you get it through a postpaid contract, you’ll find that it’s rather worth the money.
I get so much out of the iPhone that I’m using now. I use it to do things and download applications for every function there is. If you ask me, it’s a small price to pay to get a better experience from a device I rely on so greatly.
What I Like About The iPhone X
All the changes inherent in the iPhone X are practical. Aside from the cute and perhaps slightly gimmicky animated emojis, everything else was made to be more seamless than the last model.
Navigation without the home button was a little alien at first, but it was something I got over quickly and began to enjoy. I still don’t really understand why they moved the command centre to the top right of the screen but that’s okay, I don’t really mind it.
Then there’s Face ID. It sounded awkward until I finally tried it. The iPhone X recognises me from nearly any angle and light setting. Moreover, I just love the fact that it keeps the contents of my notifications hidden until I literally look at it.
The hefty price tag can also be attributed to faster touchscreen movement, causing the finger tracking activities to feel smoother and more responsive. Now that the home button is no longer at play, switching between apps is also easier as you simply swipe your finger left or right at the bottom of the screen.
If you are like me, paying a little more for the iPhone X is a no-brainer. I took up the postpaid plan with Digi to get mine, so check them out at https://new.digi.com.my/ to find the plan that works best for you!
A guideline from the UK is all around saw as great among other tertiary preparing systems around. For Malaysians wanting to study in the UK, there are a couple of basic decisions to know, for instance, what are the nuts and bolts for the UKiset exams, best boarding schools in the UK, and best 6th form colleges in England.
For anybody hoping to educate themselves in the UK, an entrace examination is required for most schools by taking the UKiset or UCAS tests. This is a necessity to guarantee capability of the English dialect with the goal to ensure the capacity to completely understand lessons in British schools and its learning condition.
Two or three guardians will send their kids to prepatory boarding schools in UK, which is by and large called prep schools in UK. These schools serve kids from ages 8 to 11 or 13, which is known as Year 3 to Year 6 or 8 in the UK instructing framework. This is for the most part known as essential or survey schools in whatever is left of the world. Boarding schools in England and boarding schools in Wales offer a similar famous learning experience.
For families hoping to send their youthful youngsters, numerous private boarding schools for boys in UK take into account this need. This is for the most part known as senior schools in UK, where kids ages 11 or 13 to 15, which is known as Year 7 or Year 9 to Year 11. This is for the most part known as secondary school in whatever is left of the world. A boarding school gives training, habitation and boarding to pupils where they live in the school itself, where everything is dealt with.
Some families will send their girls to private boarding schools for girls in UK, which considers ages 11/13 to 15, which is known as Year 7/9 to Year 11. Young woman finish schools in the UK cook especially to families who lean toward a single sex learning condition where heading and home is other than suited.
For guardians who let their kids study in a mixed school condition, private co-ed boarding schools in UK offer an assortment of tutoring condition with the goal that their youngsters are presented to the correct adjust and states of communications. Co-ed school kids are permitted to ponder in an exhaustive co-instructive school condition.
Numerous understudies will pick a 6th form college in the UK to begin their training ahead of schedule, in which they would have the capacity to seek after their A levels instruction. Many schools in the UK likewise offers the International Baccalaureate, just referred to as the IB as a decision of auxiliary training.
In the UK, the term public schools regularly insinuates private schools, however what is typically known to whatever is left of the world as state subsidized schools, is alluded to in the UK as state schools. In this way, when you are hunting down a school to send your youth to in England, make a point to reliably check for UK public schools for a boarding schools and private tutoring.
Here is a list of the best boarding schools for boys, boarding schools for girls and co-ed boarding schools in the UK: –
As the world is evolving at such a rapid pace, with new technology constantly replacing one another, smartphones remain as one of the most valuable assets one could have.
Although there are certain disadvantages that comes with owning a smartphone device, the goods that come with it definitely beats the disadvantages. Let us tell you why smartphones are so vital in our lives today.
In the past, sending one small notice to another individual takes a minimum of at least a week. Now, sending a message takes less than a second. It is such a simple process to just give someone a call or text anytime and everywhere.
With one small device, you can stay connected to practically the whole entire world around you. Not only will you have access to the news, you can easily stay updated with your peers’ social life!
Keeps you informed
Smartphones often come with buzzers and a variety of ringtones to choose from for notification purposes, which will allow for you to be informed on pressing issues that are occurring to your close friend or even strangers who are living on the other side of the world.
Locating your location
GPS technology allows you to track where you are, and to help guide you to where you need to be. For instance, if you are stuck in a place in which you are totally unsure of, check the GPS as it will bring you to the path you desire to be.
To record your memories!
With a smartphone, you get access to the camera and recording assets. Simply track your memories by living in the moment whilst taking a myriad of photos and videos; just in case your brain decides to empower other more relevant information such as details from your upcoming test.
There are many things you should take into consideration whilst choosing a new smartphone device. Although it is fairly understandable that people may pick a certain device in accordance to their own preferability and needs; however, it is highly suggested that you take Vivo smartphone into consideration!
Not only is the smartphone of high quality, you will fall in love with the clarity of the camera! For more information visit http://vivo.my/main.
Squats are an extremely technical process. If it isn’t executed properly, it may lead to dire consequences which may jeopardize your knees. Generally, squats may leave your knees at stake, however, it is a good practice for everything else.
Wearing the right gears
It is important to wear the right shoes to ensure that there is a grip to prevent you from slipping off the rims. Make sure to gear up with a sports shoes which are deemed appropriate for working out. Assure that your shoes are not particularly worn-out, instead, it should be relatively new.
If you have prior issues with knee problems, strapping on a knee guard may help to prevent you from any further complications in that area. Tighten the area and wear it correctly.
Proper knee-leg positioning
Whenever you perform a squat, your foot positioning should be one of the prime factors you should take into consideration. As each individual may prefer to execute what’s best for them, this is the theory in which is scientifically proven to work best for your knees.
Your knees should be in the same vertical alignment as your toes. You should feel as if you are sitting down on a chair- as the effect will be severely prominent on your glutes. You should always aim to warm up before doing squats- particularly, a 5-minute jog may be deemed necessary. Make sure that your back is straight whenever you squat, this will prevent any hip and back pain in the long run.
Common issues with your knees
Some common issues affecting your knees would fall in close proximity causing tightness, or swelling. Also, these are relatively common issues, you may need to visit a doctor as there may be certain internal dislocations.
Some more complicated issues as echoed by the names of it are, for instance, Chondromalacia Patellae.This particular problem may cause a frictional force between the ligaments of your knees which would lead to a rough surface surrounding your knees. Apart from that, a less severe pain would be Crepitus, which means ‘noisy knees’. It is not severe or damaging unless it starts to hurt!
Taking care of your knees is extremely crucial as it is the joint that allows you to perform actions such as walking, running, dancing and shifting your position from where you are to your preferred destination. Ebene’s knee guard provides relief to your knees in just an instant. Visit the link via http://ebene.com.my/ to get yours now!
Alternative dispute resolution (ADR) is a kind of conflict resolution structure that is utilized as an other contrasting option to prosecution and intervention by an official court. Parties can in this way settle a reasonable exchange with or without the help of other people.
Case is routinely dull, extended and astounding, and combines an any more chance to settle cases. This is the reason diverse people are chasing down choice strategies as the advantages of alternative dispute resolution are evident with systems like arbitration, conciliation, negotiation and mediation.
There are many bodies around the world that serve this purpose, such as the Financial Ombudsman in the UK and SIDREC in Malaysia, which are alternative dispute resolution centers across the globe. These bodies provide free, fast and convenient methods of resolving monetary issues that investors face with their brokers, derivatives, unit trust agents, and fund management.
There can be numerous reasons that gatherings need to continue to case, and it is a bit much the deficiency of either gathering. There could be miscommunications amongst financial specialists and merchants and these normally prompt mistake and misrepresentation. The dispute resolution process helps this by understanding what has unfolded and work towards an answer, it is possible that it being fraudulent misrepresentation, mismanagement of funds, or even issues with your unit trust speculations.
ADR has been gaining contemporary popularity as a means of dispute resolution as it is found to be much more cost and time effective. As the number of arbitrators and mediatiors are growing, confidence in alternative dispute resolution has also grown as practitioners with these expertise enter the field more and become more visible.
Capital market theories have besides overwhelmingly created starting late with the influencing vitality for general trade. With more grounded control by government bodies on the capital markets, cash related pros can contribute unhesitatingly and successfully make winds understanding that there are regulatory bodies that they can go to when strife and solicitation rise. As dispute resolution procedures are unmistakably clarified by ADR bodies, dispute settlement induces the opportunity to be less mind boggling to wrap up.
Mediation and arbitration are dynamically grabbing detectable quality as the option for dispute resolution services, to such a degree, to the point that the legitimate courts would routinely urge for mediation to be driven as the mediation process serves as a not too bad introductory stride for settlement.
Monetary issues that are faced that would be best for alternative dispute resolution include issues with your securities brokers, derivatives brokers, unit trust agents, and investment complaints. Because ADR bodies have specialisation in these areas, they actually make better informed decisions compared to judges, who tend to have a more broad understanding of financial situations. When you have securities issues or investment issues, these bodies with financial specialist knowledge would be a better alternative to litigation.
Alternative dispute resolution is the course forward to comprehending cash related issues in view of it being impartial, thought, time and cost beneficial. With financial issues ending up being progressively mind boggling, people searching for ADR will only augmentation in the coming years as lawful structures over the world are encouraging people to use these conflict resolution services.
RHB Bank’s Credit Card Online & Various Other Products and services
RHB is today among the list of largest bank with integrated financial services in Malaysia. While they plan to further broaden their market, RHB Bank has tapped into Brunei, Indonesia, Singapore, Laos, Vietnam and some other countries in the South East Asia. With the knowledge that quite possibly the most efficient way to compete is simply by giving extra value to consumers, rhb group initiated a policy of offering multiple banking facilities to both individuals and organisations.
Creating a savings account or else a current account happens to be staple yet underrated. In order to ensure that account holders may gain advantage the most from their savings, RHB Bank has offered more competitve interest rate as opposed to other institutions. Furthermore, they have already improved the transaction facilities by both adding more ATM and CDM machines in branches in addition to other designated locations combined with creating a web-based banking services platform, RHB Now for their customers.
As the Bank sees the shift of trend from the good old purchasing method using cash to online purchasing, they recognized that there’s also an increasing demand from customers for credit cards. Relying on the results from research conducted that implies the public’s increasing acceptance towards online purchase, it is indisputable that offering credit card service is one of the main approach RHB Bank really should be pushing forward-and they did exactly that.
Here is where unique offering comes into the picture, as numerous advantages are provided to RHB Bank credit card subscribers, which include cashback reward as well as other value-added rewards that gives maximum return given that the card holder increases their usage.
RHB Bank is familiar with the idea that possessing a savings account and credit card is insufficient to satisfy an individual’s financial needs. It’s always obvious that commonly, people need to acquire personal loans with the bank to purchase high-valued assets, for instance real estate and vehicles. Therefore, RHB has offered a low interest rate for numerous different kinds of loans. Customers who wish to go the one step further may also subscribe for insurance packages and purchase unit trusts from RHB Bank.
For business proprietors and organizational entities, RHB Bank provides corporate banking facilities. They may engage with the Bank either for investment banking or perhaps to make a business loan. If the customers are interested, they even can sign up for RHB Bank’s online cash management services.
Small-medium enterprises are among those who are able to benefit from the most benefits. They are welcomed to obtain loans should capital injection is required while they scale their businesses. Additionally, RHB Bank even provides retails solutions to the appropriate customers, especially those in e-commerce business.
In spite of this, focus on the highly demanded Islamic banking facilities has never been an oversight. RHB Bank knows that there’s a large quantity of request from the consumers to bring about Syariah-compliant financial instruments. In response to that, they’ve already set up wealth management, corporate banking, Islamic treasury, unit trust, and various types of other products and services that adheres to the Syariah guideline to the public.
In 2016, the Bank managed to boost growth of their annual brand value by 24%, which automatically makes them the fourth fastest growing banking industry player in Malaysia. While they anticipate the upcoming year’s financial market potential, RHB Bank has begun strategizing to design more generative campaigns down the road.
Nobody likes paperwork. When it comes to the vital operations of business procurement, many workers are resigned to that need as an unavoidable reality. But it doesn’t have to be. The modern workplace is transforming the way we work and communicate, from video conferences delivering seamless client communication across the globe to the rapidly expanding opportunities of collaborative software. If you want your business to thrive, adapting to new technologies is a vital element to success. Your procurement function is no different.
What is e-procurement?
Procurement should be a vital strategic consideration of any business, presenting huge opportunities for savings in both capital and operational expenditure. E-procurement solutions enable you to take your traditional paper-based procurement processes and integrate them on a readily accessible, digital platform that can further enhance those benefits.
The digital opportunities of our modern, interconnected offices enable us to integrate both internal and external processes into platforms such as Procurehere that improve internal operations, while generating significant wider benefits to customer and supplier relationships. Procurehere provides a platform for e-sourcing, requisitioning and a range of RFx and tender events that not only deliver improved processes and business efficiency, but open up global opportunity through access to an international pool of procurement events and suppliers.
Widespread recognition of the benefits of these technologies has supported huge expansion in e-procurement uptake in recent years. Growth in e-procurement software is expected to continue at a CAGR of 9.1% to 2021, reaching a total market value of US$6.6 billion by 2020. Is your business ready to benefit?
E-procurement can empower your business
When it comes to the adoption of new technology, companies can often be cautious. A 2014 study on business adoption of new technology showed that 46% of businesses believed cost was the greatest barrier to adoption, followed by 31% who worried about lack of know-how to deliver. By offering a simplified, cloud-based solution, Procurehere tackle those challenges head on.
Our user-friendly, cloud-based software offers a simplified e-procurement system that requires no formal training, and no significant capital expenditure. It does not require costly IT infrastructure or excessive subscription fees. What it does is remove the burden of your paper-based workload to provide an effective, efficient procurement solution for your business.
Our platform was developed and delivered through comprehensive feedback from clients over 15 years of development, with our cloud-based solution created by over 150 experienced developers following more than 18 months of onshore and offshore development. The result is a solution that delivers significant value to our users.
Since 2002 Procurehere has facilitated over RM4 billion in total spend for customers that include iconic Malaysian institutions such as Malaysia Airports, Indah Water, and Westports, with average savings of 17% per event. The benefits of our integrated, cloud-based software don’t end there.
Decrease the time of overall procurement cycle
Comprehensively reduce sourcing time
Significantly improved efficienc through automated processes
Like any new technology, adoption of e-procurement solutions can often seem like a challenge for business. But in today’s modern working place, the opportunities and importance of technology in staying competitive has never been more vital.
Procurehere offers a simplified, e-procurement solution that is easily adopted, easily integrated, and delivers real value for your business. If you want to explore the opportunity of Procurehere, begin your journey to a more efficient business with our free trial today.