Finance

The term rabb as an attribute of God is repeated frequently in the Quran. It assumes a significant role in comprehension of other attributes of God as well as some Quranic teachings. Comprehension of this term requires methodological consideration of Quranic verses, traditions, and other evidence in a semantic framework. Accordingly, the only definition that can be presented for this term is malik mudabbir. Other definitions including murabbi (instructor/trainer/cultivator) are insufficient. In the definition, Malik may be rendered as Master/Owner/Lord meaning that He holds complete possession and absolute authority over all of creation. In addition, mudabbir (director/ordainer) is an attribute involving the absolute knowledge, wisdom, power, and mercy of God as well as other divine attributes. Thus, the term rabb comprehends various divine attributes and can have a wide range of implications. Polytheism in lordship (and following that, in divinity) emerges when an entity other than God is associated with some aspect of lordship (e.g. believing in a god that intercedes or forgives). If such beliefs did not exist, polytheism would never originate.

Cost of capital is considered as an essential factor in making decisions on investment ,capital budgeting, managing of working capital, establishment of optimal financial structure, helping with performance measurement and determination of the firm value through helping in discounting cash flows.the present research aims at Survey of relationship between systematic risk, earnings per share(EPS) and dividend per share(DPS) as a in depended variables and cost of capital as a depended variable in accepted companies in securities exchange of Tehran in period of 2005-2010. Total of accepted companies in the securities exchange of Tehran have been seen as a statistic society. In order to conducting this research, 114 companies, random and with stipulate dimities, selected as research samples. In this research for estimation cost of equity capital we were used of Gordon growth model. It also for examination hypotheses of research we were used of partial correlation coefficient, step wise regression’s and curve estimation regression test. The results indicate there were not significant relationship between systematic risk, earning per share and dividend per share with cost of capital in total time’s dominion of the study. the yearly results show, there were significant relationship between systematic risk and cost of capital in 2007 from nonlinear aspect, between earning per share and cost of capital in 2007&2009 from linear aspect and in 2005,2006&2010,from nonlinear aspect and between dividend per share and cost of capital in 2007,2008&2009 from linear and nonlinear aspects.

Organisations need to be prepared for the impact of downsizing, because of the effect of layoffs on the remaining employees. Because employee morale is so susceptible to restructuring, this is an important time to improve employee engagement levels and prevent further loss of the workforce. This research study seeks to highlight the importance of communication, trust, and support, during downsizing. The research method used a qualitative approach, which enabled the researcher to conduct face-to-face interviews with ten participants. The findings affirm the prevailing literature regarding the importance of appreciation, communication, fair compensation, training and development, and trust, as factors influencing employee engagement levels. The results revealed that insufficient communication was the primary cause of low employee morale during the downsizing process. Respondents also cited distrust of management and uncertainty of the company’s future as leading concerns brought about by the retrenchments. Management was recommended to increase managerial support, improve communication and transparency, and show more consideration towards staff as a means of rebuilding the trust that was lost during restructuring. Due to the sensitive nature of a retrenchment process and its impact on the remaining employees, great care should be taken when embarking on any restructuring in the future.

This paper is to examine the relationship between the KSE100 index and some of economic variables namely interest rate, inflation rate, CPI and foreign exchange rate. For analysis purpose secondary data were used for the period of 1991 to 2005. Multiple Regressions and Pearson,s correlation model were applied to the data to find the relationship between KSE100 index and macroeconomic variables. Model was good fit and was strong relationship between dependent and independent variables. The tests show that there is 83% variation in the stock prices by variation in independent variables. The results also suggest that the impact of independent variables is positive on KSE-100 index except interest rate.

The study looks into the fund mobilization role of cooperative thrift and credit societies in Nigeria .The cooperative thrift and credit society of Ajayi Crowther University Oyo State of Nigeria was used as a case study. Primary data were coalated from the workers of the university serving as the respondents through the questionnaire instrument. The responses were analysed with the use of simple percentages. Two hypotheses were also tested to confirm the analysis. It was discovered that every member of staff consulted belong to one or two cooperative societies due majorly to the easier access of getting loan from the societies than from the banks. The loans given by the societies were also derivable from the savings contributions from members. It can therefore be concluded that cooperative thrift and credit societies in Nigeria are good in mobilizing funds from the surplus unit (the savers) to the deficit unit (the borrowers), the activity that has led to economic development of the co-operators and their societies at large. It is therefore good for government to give more recognition to the societies and should be extending grants and loans to them to boost their activities. This would help in filling the financial gap which has been existing within the whole range of financial intermediation process in the country.

This paper shows the empirical evidence about the outreach of Islamic Rural banks in the term of six aspects: depth, breadth, scope, worth, cost and length. This study reveals that the outreach of Islamic rural banks have already increased and better for four aspects: depth, breadth, scope and length. Furthermore, this study recommends several policies in terms of strengthening aspects of regulation, socialization, competitiveness and human resources aspect.

The health of the economy is closely related to the soundness of its banking system. The banking sector influences the economic growth and development in terms of both quality and quantity, there by changing the nature of economic growth. Assessment of the bank's performance in terms of earnings level may reveal more about government policy than about the bank's own efficiency. The indicators commonly used for assessing productivity of banks are Business per employee/Branch, advances per employee/Branch, number of accounts per employee/branch etc. the results obtained by different factors need not be the same and may often be contradictory. Employee productivity performance analysis is a popular technique for the appraisal of financial performance of a bank. It simply means the total resources invested and the profits generated on the investment per employee of the bank. For a bank, its employees are the most valuable corporate asset. Therefore, it is necessary to evaluate profitability of a bank in terms of its employee's productivity. The present paper therefore is an attempt to compares the parameters of employees’ productivity and parameters of branch productivity. This study investigated the effects of amalgamation on the financial performance of Regional Rural banks in India. The research compared the pre-merger and post merger financial performance of KVGB and PGB which were amalgamated during 2005. The results indicate that the productivity ratios that have marginally improved after the amalgamation.Both findings suggest ways in which the bank can increase the profitability of its branch network.

This paper assesses the benefits, problems and implications of the use E-commerce to developing economy like ours (Nigeria) in the area of international marketing. The position of this paper is that despite the myriad benefits of e-commerce in the international scene, the concept has held African countries under electronic siege. It promises freedom for all but in practice it's under developing Africa faster. The historical evolution of NWICO is responsible for this scenario. The lesson to be learned from the paper is that Africa should join the rest of the world in developing electronically platforms that 'will help our products marketed and competed internationally in the "market space ".

Electronic banking (e-banking) system has become an important practice among commercial banks in Nigeria. The introduction of this banking system has improved banking efficiency in rendering services to customers and the public. However the gains of e-banking has been associated with some hinderances ranging from internet failure to arbitrary withdrawal of money by customers which negates the cashless policy being heralded by the Central Bank of Nigeria (CBN). It was in line with this that the study aims at examining the challenges facing this banking system and the prospects accruable to its adoption. Among the various suggestions made in this study- to benefit maximally from e-banking- include provision of enabling environment that can guarantee safety of lives and cash deposits of customers, provision of an interrupted power supply and internet service in order to enjoy efficient services from the banks. Lastly, enforceable e-banking regulations should be put in place to back up the cashless policy already initiated by the CBN. This will go a long way to reduce money laundering and reckless withdrawal of cash and thereby boosting capital formation and investment in the economy.

Today world economy is more concerned about a disease which is much dangerous than swine flu, know as Global Financial Meltdown. The impact of GFM experienced by financial and economic systems around the world. The rising defaults on sub-prime mortgages in the US had triggered a global crisis for the financial markets. Many of the world’s leading investment banks have collapsed .The crisis has become one of the most radical reshaping of the global banking sector, as governments and the private sector battle to shore up the financial system following the disappearance of Lehman and Merrill as independent entities. The impact was so severe that it brought about new challenges for corporate around the world and were forced to initiate measures which left employees jobless and morale nose diving. The measures like salary cut, retrenchment /layoff became tools to tackle GFM.