Analysis of determination methods for characteristic timber properties as related to growth area and grade yield

Purpose: The objective of this research is to highlight issues and review the Interbank Commodity Murabahah (CM) practice as a tool of liquidity requirement from both the Shariah and industry’s operational perspectives. Accordingly, this study seeks to analyze structure and mechanism of CM as instrument to meet the liquidity need of the Islamic financial institutions and provides an opportunity for investments. In doing so, the paper seeks to review issues related to Shariah and operations in Islamic banking. Design/methodology/approach: By conducting interview with Treasurers, Shariah Scholars and funding dealers of Islamic banks in Malaysia, the study evaluates reassessment on CM practices and operational issues in relation risk and compliance. The study focuses on Islamic Treasury Division of Islamic banks in Malaysia. Findings: The findings of the study suggest that the two most significant issues in Islamic liquidity management of Islamic banks in Malaysia are i) resembling interest ii) nature of tradability iii) structure of CM iv) the timing the transaction to be completed and v) the real brokerage cost involved in adopting the CM transactions. Research limitations/implications: The research proposes a risk mitigation and enhanced Shariah compliance framework such as strait through processing (STP) and commodity broker’s standard guideline for Islamic banks to adopt CM practices. Practical implications: This study provides direction and guidance to the Islamic Commercial Banks, Commodity Brokers and regulator (BNM) involved in the banking system to reflect upon the importance to understand the issues and limitation of CM. By highlighting the importance of efficiency in terms of time and cost saving together with Shariah issues, Islamic banks can design policies to enhance efficiency in order to either decide to maintain the adoption of CMP or to consider the proposed alternative. Social implications:Understanding the Shariah compliance and operational issues will enhance the integrity of Islamic banks which is consistent with Key Economic Growth Area of making Malaysia as International Islamic Financial Hub 2.0.

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Potenzielle Eichenwuchsgebiete und aktuelle Eichenmischwälder der Schweiz | Potential oak sites and actual mixed oak forests in Switzerland

Schweizerische Zeitschrift fur Forstwesen ◽

10.3188/szf.2008.0103 ◽

2008 ◽

Vol 159 (5) ◽

pp. 103-111

Author(s):

Urs Mühlethaler ◽

Yvonne Reisner ◽

Nele Rogiers

Keyword(s):

Information System ◽

Quercus Robur ◽

Geographical Information ◽

Oak Forests ◽

Natural Growth ◽

Growth Area ◽

Entire Country ◽

Middle Spotted Woodpecker ◽

Evaluation Matrix ◽

Common Oak

On behalf of the Federal Office for the Environment (FOEN), the Swiss College for Agriculture established the basis to foster oak species in Switzerland. For this, the growth areas of three oak species, common oak (Quercus robur), sessile oak (Q. petraea) and pubescent oak (Q. pubescens) were assessed throughout the entire country. The assessment was based on their physiological potential, their natural growth area and on the appearance of the middle spotted woodpecker. In addition, the older mixed oak stands were surveyed. These fundamental data were collected with a geographical information system and analyzed for each canton. Altogether, approximately one-fourth of the Swiss forest area is suitable for oak. The natural oak growth area covers however 38 500 ha only. About 19 000 ha of forest are populated by the middle spotted woodpecker and extended older mixed oak forests are found on approximately 24 500 ha. According to the applied evaluation matrix, the greatest potential for fostering oak species lies in eight cantons: Aargau, Zürich, Solothurn, Thurgau, Vaud, BaselLandschaft, Ticino and Schaffhausen.

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