Sharia Pension Funds Case Study

There are few different branches of Islam but the two most prominent branches are Sharia law and Sufism. Sharia law and Sufism both seem to contradict each other. Sharia laws are the Qur’anic rules for the tangible world. The law includes predetermined punishment and rewards for actions, clearly defined by the Qur’an. It also has a spectrum of the lawfulness of actions, ranging from required to forbidden. Sufism, however, takes a more mystical approach to the practice of Islam. Sufism focuses on rejecting the material world and becoming one with God through self-annihilation. Despite the difference, I argue Sharia law and Sufism can be reconciled because although one person cannot practice both at the same time, but both versions of Islam

The changes in pensions and leases have been proposed by FASB to provide more useful information to investors and credits. This paper will analyze the factors that led to the changes in both areas including the four types of pensions, the components of the net benefit expenses, the importance of leases in financial accounting and some background on the controversy, and the pros and cons of the proposals for pensions and the leasing standards. Finally, this paper will discuss how the changes compare to International Financial Reporting Standards (IFRS)

Retirement brings a huge shift in one’s life. And the change could affect the financial status as well. Therefore, it is quite important for the retirees to ensure coherent investment and financial plans. http://www.squamlakesfinancial.com/retirement-planner/

Pension funds are depending on how long employee have been invest of their retirement funds; it is a common asset to generate stable growth over the long term, and provide pensions for employees when they reach the end of their working years and commence

A rule making body issues authorative shari’a auditing standards for all Islamic banks and other Islamic businesses and it will be the most effective way to eliminate problems within the Islamic economy. The most effort to develop a body of consistent standards for shari’a audits has been undertaken by

A 401(k) plan is a retirement account to which employee and employers contribute, on which taxes are deferred until withdrawal, and for which the employee selects the types of investments. As with anything to do with the Internal Revenue Service, the 401(k) plan has many ups and downs and many regulations that must be followed. This makes things more difficult for both the employer and employee in making decisions about the plan. We have taken a look at the advantages and disadvantages of the plan from both sides of the table to show what all is involved in deciding to use a 401(k) plan.

While individual accounts do entrust much responsibility to each citizen who may be unable to handle it, personal pensions provide incentive for increased financial and political education among citizens. This increased education and knowledge allows Americans to receive the most return for their own investements of stocks, bonds, or cash. In turn, this would increase citizen participation and income and create a well-informed country on political and economic conflict both nationally and globally. Also, as a prevention of outrageous individual decisions, these accounts are also in the hands of professional asset managers, as previously mentioned by the Social Security Administration

Pensions are financial arrangements that allow individuals to receive an income stream during their retirement years (Tatum, 2011). They are found in government institutions, private businesses, professional groups and various other settings. Pensions funds can be found as a part of an institutions or as an independent plan. Pension plans are a major participant in the capital markets. For example, consider the fact that Ontario Teachers’ Pension Plan has a net asset value of $96.4 billion at the end of December 31, 2009. Due to the large stake of pension plans in the local and global economy, there is a persistent pressure to improve pension accounting. These changes have gained momentum with the recent adoption of the International

Sovereign Wealth Funds (SWFs) have gained increasing attention because of their investments in large Western firms and size with assets estimated to be worth $7.32 trillion (Alhashel, 2015; Sovereign Wealth Fund Institute, 2017). They became a more important player by supporting banks during the 2008 financial crisis, developing own national economies and investing in critical industries like transportation and utilities. The government-owned aspect of their investments adds an extra dimension with interesting questions (Aguilera, Capapé, & Santiso, 2016).

Sharia law is an ancient compilation of religious rules that most Muslim nations seek reference in governing their people. Also defined as Islamic law, the essence of sharia laws emanated from the life of Prophet Mohammed known as the hadiths as well as the Quran teachings. The hadiths entail the vocal expressions of prophet Muhammad on divine life and his condemnation of immoral behavior that undermine the acceptable way of life. The teachings are accepted by the Muslim community who affirm that Muhammad’s teachings supplement the functionality of the Quran. On the other hand, the Quran, which forms the core reference on Muslim beliefs and regulations provides moral and spiritual guidance among the Muslims. It also dictates how the Muslims should interact with the non-Muslim community without contravening on the sharia doctrines (Hallaq 20-25).

Implement provision of professional standard certification of Sharia NBFI players gradually for Board of Directors, Commissioners, Experts, and Sharia Supervisory Board

Secondly, we will examine how appropriate the model is for the fund. Lastly, we will discuss how

Pension reform pressure comes from the aging population and the welfare system matured in Taiwan. Most reform proposals concern with financial balance and therefore insist higher premiums. However, those proposals will eventually increase the real financial burden to the government because the government has heavily subsidized premiums for different groups of insured. This paper firstly reviewed the current old-age economic security system and the government's financial expenditure, and develop a national basic pension scheme which base on the idea of universal basic income for all of the aged as an alternative thinking for pension reform in a broader framework. Based on the existing financial scale of the government expenditure for the aged,

Pension funds are any plans, funds or schemes which provide retirement income. These funds are important to shareholders of listed and private companies and they are particularly important to the stock market which is dominated by large institutional investors. This essay discusses the idea of pension funds and the pension crises. It defines the issues of pension funds, talks about the various pensions, categorizes them, and discusses the pension crisis and its implications to the US in particular and to the world in general.

Walia et al. (2009) evaluated the investor’s perception towards risk-return trade-off for mutual fund services in comparison to other avenues like insurance, government securities and shares. The authors made use of a structured questionnaire to know the experience of existing investors. Selective systematic sampling was taken for consideration. For reliability of the questionnaire, 100 individual investors were selected from different regions of Punjab which included selective investors who were assumed to be having completeknowledge offinancial environment. Age constraint was considered. The authors identified critical gaps in the existing services and found the need of some innovations and added quality dimensions in the existing services. It was concluded that due to stock market volatility movements, most of the investors were holding stock with calculated risk in shape of mutual funds. Age constraint considered in this questionnaire was minimum 18 years. Another objective was to find critical gaps in mutual funds services towards transparency and disclosure practices. Chi-square test was applied on the data collected. So, the