Definition Of Riba And Riba In Islam

Source: Financial Islam

Definition of Riba and Riba in Islam:Riba is an Arabic word which literally means ‘increase’ ‘growth’ ‘to rise’ and ‘to become lofty’. From the Shariah (Islamic law) point of view, however, riba technically refers to the ‘premium’ that must be paid by the borrower to the lender along with the principle amount as a condition for the loan or for an extension on its maturity.

Linguistically, riba means, ‘increase’ and ‘growth’. According to Saleh (1986, p. 13), “Riba in its Shariah context, can be defined, as generally agreed, as an unlawful gain derived from the quantitative inequality of the countervalues in any transaction purforting to effect the exchange of two or more species, which belong to the

Marketing Research Course Syllabus

STUDY SOLVE DETAILED COURSE OUTLINE:COURSE  #  MKT :TITLE: Marketing Research Course Syllabus

1.  Introduction:     All about Research   Marketing Research   Functions of MR  -  Decision Making  --  Problems and  Opportunity finding :  base of all  researches  ( Tull and Hawkins :  Chap – 1))

2. Research  Process and Research Design :  Nature of Marketing research Design –  Steps in MR design process  --  Potential Errors affecting research  design. (Tull  and Hawkins  : Chap – 3)

STUDY SOLVE:Theory Of Cost Of Production

Theory of cost of production are discuss under bellow-STUDY SOLVE

The short run and the long run: The short-run can be defined as a period which is long enough to permit any desired change of output technologically possible without altering the scale of plant but which is not long enough to permit any adjustment of scale of plant.

On the other hand, the long run is a period which is sufficiently long enough to permit any desired change of output technologically possible altering the scale of plant and which is long enough to permit any adjustment of scale of plant. heory of cost of production 

Monopoly In Economics With monopoly Demand And Supply (Part A/2)

Monopoly In Economics: There is no unique supply curve for the monopolist derived from his MC.One point should be stressed here. The MC curve is not the supply curve of the monopolist, as is the case in pure competition. 
In monopoly there is no unique relation­ship between price and the quantity supplied. Now re-examine the statement that there is no unique supply curve for the monopolist derived from his MC.

Monopoly In Economics With monopoly Demand And Supply (Part A/1)

DEFINITION:Monopoly In Economics

Monopoly is a market structure in which there is a single seller, there are no close substitutes for the commodity it produces and there are barriers to entry.

The main causes that lead to monopoly are the following. 

Firstly, ownership of strategic raw materials, or exclusive knowledge of production techniques. Secondly, patent rights for a product or for a production process.Thirdly, government licensing or the imposition of foreign trade barriers to exclude foreign competitors. 

Define Demand Economics ( A )

Define Demand Economics: The demand for a commodity is its quantity which consumers are able and willing to buy at various prices during given period of time. So, for a commodity t have demand

¨the consume must possess willingness to buy it.

¨the ability or means to buy it

¨and it must be related to per unit of time i.e, per day, per week, per month or per year.

            The amount of a product that consumers wish to purchase is called the quantity demanded. Quantity demanded is a desired quantity. It is how much consumer’s wish to purchase, not necessarily how much they actually succeed in purchasing.

Function Of Commercial Banks ( Secondary )

The function of commercial banks are now wide and diverse. Primary discussion was last article. Now let's go to function of commercial banks with secondary functions-

Secondary banking functions of the industrial banks include:

1. Agency Services

2. General Utility Services

These are mentioned below.

1. Agency Services: Banks additionally perform bound agency functions for and on behalf of their customers. The agency services are of immense price to the folks at giant. the varied agency services rendered by banks are as follows:

(a) assortment and Payment of Credit Instruments: Banks collect and pay numerous credit instruments like cheques, bills of exchange, promissory notes etc.

Function Of Commercial Banks ( Primary )

The function of commercial banks are now wide and diverse. In order to understand better, the function of commercial banks should be studied under the following two categories: 

a) Primary function of commercial banks

b) Secondary functions of commercial banks   

Now we discuss primary functions: The primary functions of commercial banks are:- 

1. Acceptance of deposits

2. Advancing loans

3. Creation of credit

4. Clearing of cheques

5. Financing foreign trade

6. Remittance of funds

Why Study Business Administration ?

As you are reading this article to know on why study business administration? I assume that you are probably new to the University Candidate and want to evaluate whether this is a place that has the “right fit" for you. Why study business administration and why is it most popular? Let's go to know about it. Business Administration is the most popular degree in the world wide. The innumerable number of employment opportunities available in the public and private sectors make business degree a challenging and highly rewarding choice. BBA and MBA degree most appeal for all types of organization, even a medical student should have a MBA degree for his/her great career life.

Scholarships For MBA Women Students

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