scholarly journals Applications of Malaysia Deposit Insurance Corporation (MDIC) To Takaful Operators: An Analysis from the Shariah Advisors’ Perspective

2012 ◽  
Vol 4 (12) ◽  
pp. 615-624 ◽  
Author(s):  
Nurdianawati Irwani Abdullah
Keyword(s):  
Deposit Insurance ◽  
Actual Practice ◽  
Total Asset ◽  
The World ◽  
Access To The Field ◽  
Policy Holder ◽  
The Stability ◽  
Gain Access ◽  
The Ideal

The global takaful market is estimated by market analysts to reach a premium of U.S. $ 12.5 billion by 2015. Malaysia is considered the second largest takaful in the world with total asset of US$ 3.2 billion. One of the new innovations of takaful and insurance in Malaysia is Perbadanan Insurance Deposit Malaysia (PIDM) which is also known internationally as the Malaysia Deposit Insurance Corporation (MDIC). The role of MDIC is to provide protection to owners of takaful certificate and to ensure the stability and confidence in the market by protecting policy holder (takaful certificate). Therefore, this study investigates the extent to which MDIC is relevant to takaful operators. Personal interviews are carried out with shariah advisers of takaful operators to deduce the actual practice, the ideal role and to gain access to the field of MDIC and its implications in Malaysia. The findings of this research indicate that MDIC is relevant to takaful operators and part of the regulations that should be supported and encouraged. Furthermore, the study also found that shariah advisers suggest Wakalah bi ajr as an alternative of kafalah-bi al-ajr by shifting the scheme to tabarru‘model. In addition, the study found that the contribution paid should be charged to the participants’ fund; this is because the protection provided by MDIC is for the fund that belongs to the participants and takaful operators deemed to be wakeel (agent) only.

Introduction

John Rawls ◽  
2020 ◽  
pp. 53-60
Keyword(s):  
Political Philosophy ◽  
Political Theory ◽  
Real World ◽  
John Rawls ◽  
Political Practice ◽  
The World ◽  
Ideal Standards ◽  
Principles Of Justice ◽  
The Ideal

What is the relation between political theory and political practice? In what ways can political philosophy help people to address real injustices in the world? John Rawls argues that an important role of political philosophy is to identify the ideal standards of justice at which we should aim in political practice. Other philosophers challenge this approach, arguing that Rawls’s idealizations are not useful as a guide for action or, worse, that they are an impediment to addressing actual injustices in the world. They argue, instead, that political philosophy ought to be focused on theorizing about the elimination of existing injustice. Still others argue that principles of justice should be identified without any constraint concerning the possibility of implementation or regulation in the real world at all....

Is there a role for extraretinal factors in the maintenance of stability in a structured environment?

1994 ◽  
Vol 17 (2) ◽  
pp. 258-258 ◽  
Author(s):  
Eugene Chekaluk
Keyword(s):  
Eye Movements ◽  
The World ◽  
Calibration Solution ◽  
The Stability ◽  
Perceptual Factors

The calibration solution to the stability of the world despite eye movements depends, according to Bridgeman et al., upon a combination of three factors which presumably all need to operate to achieve the goal of stability. Although the authors admit (sect. 4.3, para. 5) that the relative contributions of retinal and extraretinal factors will depend on the particular viewing situation, Figure 5 (sect. 4.3) makes it clear in its representation that the role of perceptual factors is relatively minor compared to extraretinal ones. It is with this representation that this commentary wishes to take issue, believing that it occurs as a result of some assumptions about terminology that may be ambiguous, as well as some misconceptions about the circumstances in which there is a need for stability.

The Erosion of Humanitas

Worldview ◽  
1974 ◽  
Vol 17 (7) ◽  
pp. 34-39
Author(s):  
Clyde A. Holbrook
Keyword(s):  
Higher Education ◽  
Liberal Arts ◽  
Arts Education ◽  
Liberal Arts Education ◽  
Cultural Economic ◽  
Social Differences ◽  
The People ◽  
The World ◽  
The Ideal

The role of higher education is crucial in a world that seems torn apart by cultural, economic, political and social differences, and yet is, at the same time, ever more closely drawn together by technology, travel, social and economic needs. Higher education offers no panacea for the disunity of this complex and confusing world. It should, however, contribute to a kind of understanding that spans the differences among the people of the world, or at least those within one country. In this connection liberal arts education is today in jeopardy, unsure of its competence to serve the ideal of humanitas that at one time was conceded to be both the stable ground and the ever elusive goal of higher education.

The role of ideal as a sample for inheritance in the educational process in university

2019 ◽  
pp. 30-33
Author(s):  
L. Lytvynchuk ◽  
I. Rashkovska
Keyword(s):  
Systematic Approach ◽  
Holistic Approach ◽  
Educational Process ◽  
The World ◽  
The Ideal

The article reveals the actual question of the role of the ideal as a model for teenage inheritance in the process of studying at a university. The multiplicity of problems associated with the formation of the idea of the "ideal" implies the interdependence of various aspects of this process, a holistic approach to the problem. This study used a systematic approach to identify the leading ideals of persons of adolescence as a way of seeing the world.

Shifting and sharing adjustment burdens: the role of the industrial food importing nations

1978 ◽  
Vol 32 (3) ◽  
pp. 655-677
Author(s):  
Robert L. Paarlberg
Keyword(s):  
Food System ◽  
Food Policy ◽  
Burden Sharing ◽  
Trade Policies ◽  
World Food ◽  
Poor Countries ◽  
The World ◽  
The Rich ◽  
The Stability

Too often world food problems are viewed as North-South problems, as matters to be resolved between rich and poor. In fact, most world food trade takes place entirely among the rich. The industrial nations of the European Community, Japan, and the USSR import more food today than all of the poor countries combined. These industrial food importing nations make a dubious contribution to the stability and security of the world food system. In different measure, they seek to shift adjustment burdens onto others, to enjoy something of a free ride. All have subsidized production for export in times of world surplus, and all have stepped ahead of poor countries to purchase high priced imports in times of scarcity. To these burden-shifting trade policies, the USSR in particular adds its own troublesome nonparticipation in most multilateral efforts at world food policy management. Prospects for improved burden sharing in the future are dim. Fortunately, the world food system still gains most of its stability and security from separate production decisions within nations, rather than from collective storage, trade, or aid decisions among nations.

scholarly journals Rola mediów w kształtowaniu tożsamości współczesnego człowieka

2015 ◽  
pp. 159-175
Author(s):  
Małgorzata Molęda-Zdziech
Keyword(s):  
New Media ◽  
Ideal Type ◽  
Research Report ◽  
Individual Identity ◽  
Internet Users ◽  
The World ◽  
Identity Based ◽  
The Individual ◽  
The Ideal

The aim of the study is to analyse the role of media in shaping of the modern man identity. I narrow my approach to the postmodern approaches of A. Giddens, M. Castells and M. Maffesoli. Those authors combine in their work changes taking place in the world of media and changes on the level of the individual identity. Based on the work of M. Maffesoli, I reconstruct the ideal type of postmodern individual identity – homo creator. Then, I describe the mediality as postmodern value and a component of postmodern identity. The study presents the results of a 2014 TNS Connected Life research report prepared on a sample of 55,000 Internet users from around the World. The results illustrate the habits in the use of traditional and new media.

scholarly journals The Influence of the Creative Power of Love on Shelley's Idealism

2015 ◽  
Vol 1 (1) ◽  
pp. 27-36
Author(s):  
Saman Salah ◽  
Yus’Aiman Jusoh Yusoff
Keyword(s):  
New Order ◽  
Human Beings ◽  
Imaginary World ◽  
Creative Power ◽  
Wide Range ◽  
The World ◽  
Romantic Era ◽  
The Ideal

This study examines Shelley's idealism with respect to his concept of love and the role of nature played in his love poems. The study describes Shelley's believe in the force of love to transform the world into a better place where freedom and justice prevails. The ideal imaginary world of Shelley's mind shows how love dominates, while contempt achieves devastation. As a poet of the romantic era, he strongly believes in the power of nature, which ultimately reforms the world into a new order of peace, freedom and justice. His optimism, love and freedom longs to bring betterment in society for the perfectibility of human beings. His optimism depends upon the eradication of a wide range of oppression and persecution to lead to a compassionate universe. It can be seen that the world of Shelley's imagination is administered with equity and affection, therefore, kindness triumphs over malice when man's heart is ruled by the power of love.

scholarly journals Management immunodeficiency from preuniversity educational system

2010 ◽  
Author(s):  
Lucica Cristea (Mitican)
Keyword(s):  
Global Solution ◽  
Educational System ◽  
Economic Activity ◽  
Social Systems ◽  
The World ◽  
The Usa ◽  
The Ideal

The educational system finds itself again in the middle of crisis. The quantic progress that people all over the world are waiting for, seems to have met the totally unprepared educational system. The globalization which has led to the increase of interdependence between economic and social systems makes this problem become a worldwide one and consequently, need a global solution. While the USA is looking for the „perfect” teacher and the „ideal” school, Europe is still trying to find methods for making the educational system more efficient. A contradiction rises therefore, between the role of school in society that is to form mature personalities, meant to contribute to the economic increase and, implicitly, to the development of society, and the decrease in importance of this activity to the level of any economic activity. The text aims at verifying the hypothesis according to which management immunodeficiency from the preuniversity organizations has the most powerful influence on the increase of crisis within the educational system. How was school plagued by this immuodeficiency? To what extent did the management of these institutions contribute to this? Can the efficient decision constitute a remedy in this situation? These are questions that we ought to address to ourselves, even if we are not be able to<br />find the best solution.

The main trends in the development of export credit agencies in the world

2021 ◽  
Vol 27 (9) ◽  
pp. 2033-2049
Author(s):  
Hasan S. UMAROV
Keyword(s):  
Export Credit ◽  
State Support ◽  
Foreign Economic Policy ◽  
Trading System ◽  
The World ◽  
International Trading ◽  
Export Credits ◽  
The Stability ◽  
Export Credit Agencies

Subject. This article discusses the features and trends in the development of export credit agencies (ECA) in the world in the context of increasing competition of manufacturers for market share. Objectives. The article aims to show the peculiarities of the ECA's activities, reveal new aspects of their operation in modern conditions, and substantiate the need to change the international agreement in the field of export crediting and insurance. Methods. For the study, I used the comparative, statistical, and formal and logical methods. Results. The article shows the key role of ECA as an institution of State support for exports and a guarantor of the stability of the international trading system. It also finds that increased competition from Chinese and other ECAs that are not subject to the Arrangement on Officially Supported Export Credits – OECD rules, as well as the expanded role of ECA during the pandemic, necessitate uniform approaches to State support for exports of domestic producers at the WTO level. Conclusions. ECAs’ support remains one of the effective tools in implementing the State foreign economic policy and increasing the international competitiveness of certain sectors of the economy. The need to improve international rules on export credit and insurance to ensure the stability and sustainable development of international trade is becoming increasingly apparent.

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