Financial institutions

riba, gharar and maysir, this is what distinguish Islamic finance from its conventional counterpart (Ayub, 2007). As an alternative, Islamic financial system have interest free loans, Islamic joint-ventures (musharakah/mudarabah) and trade or lease-based (murabaha/ijarah/salam) financing structures (Azmat et al. 2015). Contemporary Islamic financial institutions have developed, and continue developing, products that mirror the classical Islamic products, and evade from the association with riba, gharar

Assess, adapt and overcome has been the strategic game plan for financial institutions during the historical economic, regulatory and cybercrime roller coaster. Unfortunately, the strategy has been mostly defensive due to historically low interest rates, high unemployment, poor performance in Gross Domestic Product (GDP) growth, heavy regulatory burden and increased risk in cybercrime activity. The roller coaster has caused uncertainty and distrust among consumers and has contributed to the increase

characteristics of private business are not necessarily different, yet they are unique because they tend to take on extreme proportions (Smallbone and Welter, 2001). In many cases, the transition process environment for doing business, the weak institutions and poor governance law and regulations made the growth of SMEs slow (Aidis, 2005). Corruption and environmental changes In transition countries are much larger scale than in advanced western countries. Most of studies in private businesses have

General, Judiciary (Court – Federal, State and District Court), news media, social media, client or vendor opinions and their sentiments. Also included are international institutions like the European Union (EU). (Kendall, and Ovide, 2015) Information Information refers to the related interests and concerned members of institutions is aware of an issue. It also includes the consequences each options available as an alternative. Issues are often contested (by lawsuits or social pressures), as interests

informal organization and whether through laws, norms, power or language. It is the processes of interaction and decision-making among the parties who are involved in a collective problem that lead to the creation, reinforcement, or reproduction of institutions and social norms A government is a formal body invested with the authority to make decisions in a given political system. In this case the governance is a process, which includes all the actors involved in influencing the decision-making proceSS

Soc paper 1.) The most important social institution is Education because it teaches norms and it it could be argued that it preserves order and gives a sense of purpose as well. The reason being because, over summer break many kids don’t know what to do with themselves and they often lay around all day, sometimes to the point of not even knowing what day it is anymore. That can effects the physical and mental health of the kid causing possible weight gain and maybe a depressed state. Without being

benefits of having large institutions along with the problems that come with them. It will also mention the amount of concentration in the banking industry, the size of the firms and the market share they represent. There have been proposed policies that can help reduce the risks of these large financial institutions. Some institutions however, have challenged proposed policies and decisions by the Financial Stability Oversight Council that declares them as a financial institution important enough to

other banks. Randall argues that the federal safety net should be limited only to banking institutions and should not enlarge to non-banking institutions. For the reason that in case of failure of such large non-banks and banks, government will have to use taxpayer funds to absorb such

UNICEF statistics has a literacy level of 72%. This is among one of the highest in Africa. The effect of this hunger for knowledge is manifested in the emergence of many tertiary institutions and even more positively the spread of Kenyan professionals to the larger East Africa. 5. Institutional quality The institutions of government, religion and society are fundamental to robust economic growth. In the constitution Kenya is explicitly defined as a secular state, however in the

reliance and an intrinsic part of human nature. It is established at the family level and expands outward as the child matures. Each being depends on their families to provide as one depends on educators to teach. Furthermore, trust is necessary for institutions such as schools, hospitals, businesses, and even the government to effectively operate. The workforce expects their employers to give a cash-able paycheck in return for their hard worked hours; consumers give a business compensation on the basis