Early Childhood Education Essay

I used my experience and expertise got as a Preschool Teacher and handled the responsibilities of Program Manager-Preschool with efficiency. I took the task of making plans for lessons each week. I also managed and coordinated the team of teachers and recorded my observation about children and teachers which would be presented to director in meeting. I also monitored and presented the needs of children and teachers namely childcare facilities, facilities needed for teachers to the management. Preschool Teacher, Playschool Center, Atlanta, May 2001-Jan 2002 Responsibilities: As Preschool Teacher I took the responsibility of teaching theoretical lessons, practical sessions of lessons taught, coordinating games and fun activities among children. I took the responsibility of teaching and executing children’s projects from conception to completion. I took care and educated of age from 1-6. I was responsible for not only making lesson plans abut also for managing the whole class allotted to me. I planned and organized variety of activities both for individuals and group activities namely play, dance, singing, games, arts and crafts which helped children to bring out their talents and improve their skills. Preschool Teacher, Jan 1999 – May 2001 Play Kids School, Atlanta Responsibilities: I used various fun activities, play and interactive activities to develop language and vocabulary among children. This approach of combining play and interactive activities made children to learn with ease, increased their interest and attention on academic learning, helped them to learn letter recognition, helped children to learn numbers, science and nature with ease and interest. Preschool Teacher, Dec 1996 – Jan 1999 Daycare Center, Atlanta Responsibilities: I took the responsibility of taking story telling sessions for children and there by helped the children to increase their vocabulary and creative thinking. I was also trained and made use of audio visual aid in my teaching to children and by this children could learn lessons interestingly with ease. I took care of each child individually and attended their problems in lessons and also coordinated with their parents to communicate about their children. Responsibilities: I worked as a Assistant Preschool Teacher with children of ages 2-7 years old. I assisted the team of Preschool Teachers with various teaching activities of children. I prepared the lessons given by Preschool Teachers for teaching. I also underwent training from Preschool Teachers to use various teaching methodologies and learnt the techniques of handlings different age group children effectively and efficiently. Education, as we all know is a lifelong process of learning. This important process starts in childhood. The first eight years of a child’s life greatly shape up rest of his life. More so, in the field of education, what a child learns in his first eight years has lifelong influence on his career and more importantly, his personality. Though, a number of new career avenues have opened up but to compete and to compete well, one needs to have good education background. In that context, role of preschool education is very crucial. The importance of early childhood education is manifested in the development of child’s emotional, physical, intelligence and social learning. The major roles in the development of these aspects are played by teachers and parents. The learning process begins when a child is born. But getting into a preschool opens up new vistas of learning. To get the maximum benefits from an early child development program offered by nursery schools or kindergartens, parents need to be involved in the process. According to psychological researches, a child learns at the fastest pace when he is between the age ranges of 0-6 years. Based on this premise, preschools design their course curriculums so that the process of child’s natural learning becomes more effective. But point to ponder here is, just following a scientific methodology of teaching will not serve the purpose. A child also needs soft touch, proper nutrition, care and love from everybody involved. In order to make an early child development program a success, schools need to devise well defined courses along with affection, proper treatment and due attention from the caregivers. Absence of these factors will make child lag behind in the course of life. In reality, different preschools have different types of course curriculum, each one based upon a certain theory. However, despite the presence of different theories in the course curriculum, one essential element is always present in all kindergartens and that is of catering to the individual needs of a child. It is very important to build the self-esteem of a child in best possible way. The role of play in early childhood education cannot be neglected. In fact, play helps in fostering so many wonderful qualities in the child. Team spirit, social behavior, understanding other children etc are some of the common benefits of a child education program. Preschools incorporate different types of interesting games in the course that helps in the personality development of a child. Childcare institutes prove extremely beneficial in the development of a child’s social skills and emotional intelligence. He learns to interact with others. He also discovers how best to interpret his emotions and that of others. The incorporation of these skills in a child’s personality plays a major role in the later stages of his life. Education programs offered by preschools are essential for the overall growth and development of children. They facilitate the learning process and help in building up bright new future of an entire generation. The Benefits of Early Childhood Education The writer of Proverbs 22:6 wrote: â€Å"Train a child in the way he should go, and when he is old he will not turn from it†. Early Education has benefits that can follow well into adult hood. Early childhood education is the organized practice of educating those who are in early childhood. According to the NAEYC (National Association for the Education of Young Children), early childhood spans the human life from birth to age eight (Early Childhood Education, para. 1). Before 1960, educating young children was primarily dealt with in the home. Today most children spend a large part of their day away from their parents. Most attend a center based program until kindergarten. Attendance at a center-based program is becoming the norm at ages three and four. In 1999, center-based program participation was 70% at age four and 45% at age three. This paper will focus on the importance of early education on children from infancy to age 4. Early education has been shown to increase benefits in academic achievement, delinquency, career success and economic growth. Early education has been shown to positively effect academic achievement. Most studies have resulted in a lifetime lasting increase in IQ by 5 IQ points. Multiple meta- analyses have been conducted and found that preschool education can raise acheivment test scores from the 30th percentile to the 50th percentile. A recent study proved that early education has significant lasting benefits on school progress (ie. Grade repetition, placement in special education and high school graduation rate). The Abecedarian study evaluated the effects of full day year round educational programs on children around four months to kindergarten entry. The study followed 111 children from the time they started the program through age 21. The program had a great effect on grade repetition and placement in special education, decreasing both by 23%. Both high school graduation rates and†¦ Outline for Writing an Expository Essay I. Introduction (Note: A-C are in one paragraph) A. Attention Getter: 1) a quotation 2) a fact or statistic 3) a rhetorical question that cannot be answered with a simple yes or no 4) a general observation about the topic at hand) B. Context (background information—name of the work, the author, and a very brief summary of the work) C. Thesis Sentence II. Body: Paragraph One Note: The transition and topic sentence may be in the same sentence, A. Transition:__________________________ B. Topic Sentence______________________ C. Concrete Detail D. Commentary (2-3 comments per CD)_ E. Concrete Detail F. Commentary (2-3 comments per CD)_ 111. Body: Paragraph Two Note: The transition and topic sentence may be in the same sentence. A. Transition:__________________________ B. Topic Sentence______________________ C. Concrete Detail D. Commentary (2-3 comments per CD)_ E. Concrete Detail F. Commentary (2-3 comments per CD)_ IV. Body: Paragraph Three Note: The transition and topic sentence may be in the same sentence. A. Transition: __________________________ B. Topic Sentence. __________________________ C. Concrete Detail__________________________ D. Commentary (2-3 comments per CD)__________________________ E. Concrete Detail__________________________ F. Commentary (2-3 comments per CD)__________________________ V. Conclusion Note: The transition and thesis may be in one sentence. A. Transition word or phrase:__________________ B. Restate thesis sentence __________________________ C. Summarize arguments/points (should only be one sentence) 1)___________________________________ 2)__________________________ 3)__________________________. D. Call to action/†So what? â€Å" Do any of the following things: 1) Explain why the topic is universal in its nature—how it affects the reader 2) Expand on the narrow topic to a more universal observation about life, history, literature, etc. 3) Motivate the reader to take a certain action or think in a certain manner. ____________________________________________________________ ____________________________________________ ____________________________________________________________ ____________________________________________ ____________________________________________________________ ____________________________________________

The Palace of Versailles and Contemporary Art: Takashi Murakami

The Palace of Versailles located approximately twelve miles outside Paris, France and is viewed as a place to showcase modern art. Much of the art that the palace has put on exhibitions over the years has brought a lot of controversy including the most recent one by Japanese artist Takashi Murakimi. Looking back at the 400 years of history at the Palace of Versailles it was once a home for the French royal family, a center for political power and today is a symbol of absolute monarchy. King Louis XIV viewed Versailles also as a showcase for the artists he supported. Louis and his successors were passionate about contemporary art and were constantly having parts of the palace demolished and rebuilt and redecorated by the newest and finest artists of their day. Versailles serves as a place where the newest ideas in art are showcased and served as a trendsetter for other palaces as well such as The Louvre; with it’s over the top decorations showing the monarchy’s wealth. Today, the palace is constantly having some of the currently most popular artists showcase their work at Versailles for the public to view. The most recent exhibit at the palace by Takashi Murakami ran from September 14, 2010 to December 12, 2010 has sparked a lot of controversy. This exhibition is called Murakami Versailles features 15 statues placed in different rooms of the palace. Murakami is a contemporary artist from Japan and has been billed as the new Andy Warhol, who is also Murakami’s mentor. The showcase features big, brightly colored cartoonish figures, flowers, globes and other inanimate objects. The style is far from the Baroque style of the palace, leaving most critics to deem the show inappropriate. Some groups visiting the Chateau complained that Murakami’s work has no place in rooms once residence to historical figures such as King Louis XIV, France’s Sun King and Marie Antoinette. Prince Charles-Emmanual de Bourbon-Parme, an heir of Louis XIV, tried to get the exhibit banned stating that it dishonored his family and their past but the courts dismissed his bid. One of his most tasteless pieces is a sculpture titled Hiropon, a large-breasted girl in a bikini who is skipping through a â€Å"rope† made of breast milk, this piece is not included in the exposition but it shows that Mr. Murakami is undeserving of Versailles. Muarakami spoke at a news conference and discussed the controversy. â€Å"When I hear such things, I say to myself that when a (sports) team scores a goal, there are always people who aren’t happy about it and who express that discontent†¦ The exhibit’s meant to be a sort of face-off between the Baroque period and postwar Japan, and I hope it will create in visitors a sort of shock, an aesthetic feeling† (Barchfield). Jean-Jacques Aillagon, president of the Chateau de Versailles defended the showcase saying he believes it is â€Å"‘his duty to open the palace to the artistic creation of our times’† (Barchfield). He also stated it gives the â€Å"visitors to historic monuments the chance to discover art that is less familiar to them† He added that the protests â€Å"come from far-right fundamentalists circles and from very conservative circles who see the museum as a reliquary of nostalgia of Ancient Regime France, of a France, that is turned in itself and hostile to modernity† (â€Å"Protesters†). Aillagon also stated â€Å"the palace and Murakami’s work are both joyful- the palace was not a place of penitence, not a place to be sad† (â€Å"Takashi Murakami's Versailles†). Versailles curator, Laurent Le Bon, stated â€Å"most of the visitors come for the chateau, not for Murakami, and are unfamiliar with contemporary art† (Von Uthmann). Several online petitions gathered thousands of names online even before the exhibition opened to the public. Two years ago a similar controversy occurred when Aillagon brought in contemporary American artist Jeff Koons. Call me a far right fundamentalist and conservative but I agree with all of the criticism surrounding this issue. This past November I got the privilege of traveling to Paris and visiting the Palace of Versailles. I had not heard anything about this exhibit occurring until getting to the Palace, walking into one of the first rooms and seeing it firsthand. I was appalled when seeing the first statue, my family and I thought the statues took a lot away from the beauty of the chateau. It also prevented us from seeing parts of the rooms and taking pictures of ceilings, walls, specific architecture that was being blocked from the statues. One visitor stated â€Å"[w]e are in a historic place, we want to see how history happened here, but every time you see a doll or a crazy monster it takes you completely out of the climax of the place† (â€Å"Takashi Murakami's Versailles†). Another stated, â€Å" it totally detracts from everything that’s here. It’s almost insulting to the palace and to visitors† (â€Å"Takashi Murakami's Versailles †) My least favorite was a piece called Tongari-Kun, also known as Mr. Pointy, inside one of the state rooms because it was so tall it blocked me from seeing the entire ceiling. Moreover, another piece called Flower Matango in the Hall of Mirrors was just awful in this room. The hall of mirrors is one of the most famous and beautiful rooms in the entire palace rich in beauty and history but it was all masked because of this statue. The sculpture of a bunch of bright, animated, ugly flowers. We could not step back and see the entire hall in its original beauty without seeing this statue smack in the center and the beauty of the mirrors was taken away because this statue was being reflected off of almost every one at that end of the hall. The statues were too brightly colored and too in your face from the mood of the rest of the palace. I have no personal pictures of the artwork because I, along with everyone else in my family, made sure Murakami’s art was out of every picture frame. I can understand why they have the exposition and the cultural exchange, the fact that they want to keep the tradition of showing the world modern art but unlike when the palace was being used for residence and power today the palace is an enormous historical landmark and is visited by over three million people per year. People do not go to the Parthenon in Greece or the Colosseum in Rome to see other artists or even have other artists intruding on its beauty. Likewise, these visitors do not go to see modern art but to see the old beauty of the palace and walk into a bit of history for a day. There are so many other museums in Paris that show modern art that the Palace of Versailles does not need to be one of them. The Palace is a piece of art on its own and does not need to have these controversial exhibits constantly demolishing its beauty. After seeing this overall I was disappointed with the exhibit and I wish I could go back another time when there will not be such a distraction.

Victory Dance of the Lotha Nagas

VICTORY DANCE Rhanthungo Kikon INTRODUCTION: LOTHAS of TSUNGIKI village performed this dance in the days of old when young warriors from a CHUMPO (popularly known as MORUNG) visited other CHUMPOS in the different KHELS of the village. For the young warriors, this Victory Dance acted both as a fit reminder of the great victories their forefathers had over their enemies and also as an inspiration for them to replicate in the future. It was a time to take pride from their past achievements and to encourage and dare each other for the days to come. It prepared them for the future. Those were the days†¦ THE DANCE: Now, the present generation performs the Victory Dance on all occasions. But the spirit and zeal of the warriors performing this dance remain as spirited and as full of fervour since times immemorial. Behold! All the young warriors are out of the CHUMPOS bedecked in all their ornamental fineries. Among them include the round black head-wigs made of the long hair from the neck and shoulders of the Himalayan black bear, or of the fur of the arms of the male gibbon. On the head-wigs, as warriors of proven valours, are stuck in the feathers of the great bird, the Hornbill. On their arms, they have wristlets, bracelets and elbow armlets made of parts of sawn-off tubes of elephants’ tusks. Across their shoulders are thrown over colourful baldric-like woven strips of cloths. Joined to the end of the baldrics at the waist are the spikes’ holders – the spikes were used during raids over enemy camps. Kneecaps, the LENGTA and the colourfully decorated daos and spears complete their attire. Now the young warriors will go around dancing in two rows to finally make a circle. Singing along and shouting loud cries as they stamp their feet, twirl their daos and spears, they make the circle – an indication of having surrounded their enemies. When they have their enemies surrounded, they thrust up their spears and dare each other not to let any enemy warrior escape from their individual posts or positions. THE SHANTHA: An exciting, and perhaps the most important, part of the Victory dance is the SHANTHA. The name ‘Victory Dance’ rightly belongs to this part-dance within the dance. The SHANTHA is performed by four of the most-abled warriors. This group acts as the Escort of the warriors. It also is the rearguard and flanks protection of the warriors. The SHANTHA warriors are also wont to perform many skills and antics. Among them is the biting and holding of their daos on the blunt sides as they hop along – it is actually an oath-taking pledge not to die in enemies’ hands. They will also take a stance and hop forwards and backwards challenging their enemies making it clear what they will do to them with their daos and spears.

Accounting Assignment Example | Topics and Well Written Essays - 500 words - 9

Accounting - Assignment Example The company Gulf Craft is engaged in the production and export of sea based vessels such as ships and speed boards. Their fixed cost includes rent for factory and building and salaries paid to staff members who take care of the maintenance of their buildings. Their variable cost comprises of materials used for manufacturing of boats such as cloth and riggings. Their mixed costs includes the cost of transportation that varies depending on the amount of miles that the product needs to be moved and the cost of commission that is paid to middlemen for helping the company sell their products. The company Evian is involved in the production and sale of bottled water. Their fixed cost includes the salaries paid to those who maintain the bottling plants as well as salaries paid to individuals working in finance department. Variable cost includes cost of obtaining or producing more bottles and labels for these bottled with changes in production. Mixed cost includes minimum plus extra money paid for utilization of electricity and cost of commissions paid to employees who are paid a basic minimum salary and commission for their sales. The company named Ircon International Limited is indulged in the activity of engineering as well as constructing the infrastructure and the company specializes in developing transport based infrastructure. The fixed cost of the company includes salaries paid to permanent employees such as employees of human resource department and rents that the company pays to the owner of its offices. The variable costs include the cost of raw materials used in construction such as steel and concrete. The mixed costs include the salaries that the company pays to consultant if consultants are paid on the basis of minimum wage plus consultancy fee paid per hour. The second mixed cost may include the equipment is obtains on rental basis for construction if the equipment owners are paid on the basis of basic fee as

Using business concepts and other information relevant to the study of Essay

Using business concepts and other information relevant to the study of organizational structure and culture - Essay Example The project makes an analysis of Greggs the Bakers, which operates as one of the largest retail bakery chain in UK. The company had started as a very small concern but has demonstrated rapid growth and now has more than 1400 outlets. It is even listed in the London Stock Exchange and has plans to expand its outlets even further. The project aims to bring forth the changes occurring in the company with special relevance to the business theories and concepts. Special emphasis has been provided with regards to the company’s change strategies with were implemented through the use of innovative techniques and mechanisms and with the introduction of such products which were unique and not produced by any of its competitors. Changes taking place in Greggs the Bakers Greggs and Bakers have been demonstrating rapid organizational change. Organizational change is the process in which organizations move from their present state to a desired future state with the view of attaining effecti veness (Jones, 2008, p.10). The objective is to optimize its use of resources and using them in improved ways such that the organization is able to add to its value and consequently improve its performance. The rapid growth of the firm from small scale bakery to one of the largest bakery chain in the world demonstrates the company’s dramatic organizational change. The change process includes numerous acquisitions of bakeries and expansion steps. During the 1990s, the company was most aggressive in its expansion strategies and took over as many as numerous Bakery Oven chains of more than 100 shops in the year 1994. In fact in another four years, the company’s number of shops exceeded 1000 and by the year 2010, the number crossed 1500. This included its first all night store which was established in Birmingham. It primarily supplies its products from its large bakeries, however, a number of shops of the company also have their own bakeries. In terms of the number and sca le of is outlets, the company possesses double the numbers of stores in Britain than Starbucks, about 300 stores more than Subway and 200 numbers of stores more than McDonalds. This shows the rate at which the company has grown and has been successful in expanding its operations across the United Kingdom. Application of business theories and concepts Gaining Competitive Advantage The company tried to develop on its core competencies in order to achieve competitive advantage in the market. In fact it has been successful in doing so by producing its own unique products, maintaining its qualities and own system of distribution (Hill & Jones, 2009, p.6). The company introduced its own recipes and dishes. Its bakery product like the sandwiches, which are made freshly on the premises and their sausage rolls accounts few of the special dishes that has found immense popularity among masses. These recipes are sold by more than 2 million numbers in a week. It also sells a large range of other baker fresh stuff and other local special dishes which are primarily for the high street customers. The company has been trying to its operations using its unique products to different parts of the world. Promoting efficiency, speed and efficiency The promotion of efficiency, innovation and speed comprises of few of the major changes that the organization implemented in order to add value. The better the organization functions, the faster is it able to create value in the form of better production of goods and services. Research reveals that the capacity of organizations to create values is directly related to its ability to use innovative measures and better ways of producing quality goods and services (Jones-a, 2010, p.14). The company tried

The Five-Paragraph Essay Example | Topics and Well Written Essays - 500 words

The Five-Paragraph - Essay Example Climate change made storms fiercer causing numerous deaths and destruction of properties. The deaths associated with pollution are also increasing. O’Toole suggested two ways on how to reduce the problem of transportation in cities around the world. He proposed an expensive solution and a low cost solution. The expensive solution is to build more highways which could be costly not only in terms of constructing it, but also cannot be optimized during off hours. In addition, the construction of those highways takes years to finish not to mention that it also creates unbearable traffic during its construction. The other less costly solution is â€Å"to encourage a few of the people who want to drive during those peak minutes to travel during a different part of the day† (O’Toole). The best way to do this is to charge a toll during peak hours and if charges already exist, make it higher so that people will be discouraged to use the roads during peak hours. This would discourage motorists to use the road during peak hours unless it is absolutely necessary. This solution has many advantages. One is this will decongest the roads because unnecessary travels can instead be move to off hours to avoid the toll or do car pooling to minimize the cost in toll fees. Second, it will lessen carbon emission in the atmosphere hence lessening the pollution that contributed to carbon change and our deteriorating health. This has already been done in other industries such as hotels and airlines where airline companies and hotel operators charge more during peak season and offer discounts during off season. It worked on these industries so it should also work in addressing the problems caused by

Risk Management Term Paper Example | Topics and Well Written Essays - 2500 words

Risk Management - Term Paper Example The global fashion house earns popularity through sales and marketing of designer garments of both sexes and also specialises on the sales of children wear. Eight Different Risks emanating from the Global Workplace The fashion retail company operating on a global scale is found to combat different types of risks. Firstly the company earns the risk in getting a favourable location for the effective running of its business operation in the foreign market. Secondly the company also faces the risks of not being able to effectively engage in joint venture or partnership ventures in foreign markets. Thirdly the retail company also faces the threat of getting the right supplier to help the retail company meet business needs. Fourthly the retail company also faces difficulty in rightly promoting its products owing to several cultural and political constraints. Fifthly the retail company is also threatened by the rise in counterfeit market in the global regions. Sixthly the company also may f ace severe restrictions pertaining to customs and other security sectors for which trade in foreign countries gets hampered. Seventhly the company may face growing trouble in regards to acquisition of existing firms to expand its business operations. Finally the staffs of the company operating in global markets owing to lack of control may go for accepting bribes which in turn hampers the business legacy. Above are underlined eight possible risks that a retail company operating in the global sphere may face (Taylor, Sibery and Loughman, 2011, p.361-362). The Risk Register The risks of the company being underlined the managers can well design a risk log or register to note the different risks in a sequential manner. Separate log numbers can be rendered for the different risks listed. Further separate columns need be created for noting down the different type of actions taken by the managers in such respect and the name of the action holders (Lock, 2007, p.104-105). Elucidation of the Emergence of one of the Risks relating to the Company One of the severe business risks run by the retail companies while operating in the foreign markets is running the threat of availability of large scale substitute products. These products are manufactured by local companies and are advertised through the help of television and internet to catch the attention of local people. Large scale availability of such substitutes happens to eat the market for the products and also to render harmful effects like brand dilution. Small local retailers tend to use the same brand logo used by Andromeda Global Fashions on their produces to make them look the same. These products being sold at low prices prove to be a cost effective option for the consumers thus contributing to the formation of substitute products (British Retail Consortium, 2006, p.114). The Sources for the Different Risks The risks pertaining to the lack of availability of specific zones for carrying out its retail operations emerges from the large scale occupancy of available land for residential and other purposes. Moreover in

BUSINESS FINANCE Assessment 1 Research Paper Example | Topics and Well Written Essays - 4250 words

BUSINESS FINANCE Assessment 1 - Research Paper Example Q3) Face Value = $1000 N= 30 years Coupon rate = 8% (a) YTM if Price is $900. Since Price YTM > coupon rate. Price at 9%: 80 x PVIFA (9%, 25yr) + 80/ (1.09) ^26 + 80/ (1.09) ^27 + 80/ (1.09) ^28 + 80 / (1.09) ^29 + 1080/ (1.09)30 = $ 897.3 Price at 7%: 80 x PVIFA (7%, 25yr) + 80/ (1.07) ^26 + 80/ (1.07) ^27 + 80/ (1.07) ^28 + 80/ (1.07) ^29 + 1080/ (1.07)30 = $ 1123.8 Price at 8%: $1000 By interpolation, YTM = 8% + (1000-900)/ (1000-897.3) YTM = 8.97% (b) YTM if Price is $1000. Since Price = Face value YTM = Coupon Rate Hence YTM = 8%. (c) YTM if Price is $1,100 Since Price > Face Value YTM Price at 7% = $1123.8 Price at 9% = $897.3 By interpolation, YTM = 7% + (1123.8-1100)/ (1123.8-897.3) YTM = 7.11% (d) The relationship between yield to maturity and bond price is that the yield to maturity is that discount rate that makes the present value of the bond's coupon payments equal to its price. Q4) a) Eps = $6, r = 15%, ROE = 15%, G =, Price = (i) Plowback ratio = 0 % g = ROE x Plowback ratio = 0.15 x 0 g = 0% Po = Div/ r -g Since nothing is plowed back in the firm, all the earnings are given out as dividends, therefore Div = 6 Po = 6/ 0.15-0 Po = $ 40 (ii) Plowback ratio = 40% g = ROE x Plowback ratio = 0.15 x 0.4 g = 0.06 or 6% Po = Div/ r -g Since 40% is plowed back, 60% is given out as dividends, therefore Div = 6 x 0.6 = 3.6 Po = 3.6/0.15-0.06 Po = $ 40 (iii) Plowback ratio = 60% g = ROE x Plow back ratio = 0.15 x 0.6 g = 0.09 or 9% Po= Div/r-g Since 60 % is plowed back, 40% is given out as dividends, therefore Div = 6 x 0.4 = 2.4 Po = 2.4/ 0.15 - 0.09 Po = $ 40 b) Eps =$6, r =15%, ROE = 20%, g =, P = i) Plowback ratio 0% g = ROE x Plowback ratio = 0.2 x 0 g = 0% Po =... Since project E has the highest profitability index, it should be chosen first and then project C. Since the investment budget is of $ 8 million, investing in these two projects would also equal to $ 8 million. Since X Ltd has a higher standard deviation, it means there is more risk and a greater variation of returns and thus a high chance that the expected return will not originate. Co-efficient of variance is another measure of determining riskiness of a business and since X Ltd also has a higher co-efficient of variance, it signifies that it's a more risky business. Thus 100% investment in Y Ltd is a better investment. Other than that, if recession hits the economy, X Ltd will completely go out of business. This is one more reason for not opting for investment in X Ltd. d) Value investors are those who use dividends to value their investments. Regular income is wanted by them and they look for quality companies with earnings records and projects they believe the market has under-valued. They tend to hold the under valued stocks for a longer duration and eventually take advantage of the rise in share price that the earnings growth brings in the long run. Growth investors are those who use stock prices to value their investments.

Plz see the attachment Research Paper Example | Topics and Well Written Essays - 2000 words

Plz see the attachment - Research Paper Example The legacy of feminism laid a very positive impact on the lives of women around the globe. Awareness campaign started in all the major countries and most of its impact was observed in developed countries such as Canada, Australia, USA, UK etc. However men were not given proper time by the so called feminist women. In the name of moderation, women were not able to sexually satisfy men. Thus the sexual health of men went down by the passage of time and they were not able to satisfy their wants after hectic day at work. A large community of men faced this problem. This was a big dilemma for all the men living in developed countries. Eventually this gave rise to antifeminist and men rights protection movements. These movements never got an overwhelming reception but still the issue was highlighted on different forums. Critique & Arguments A strong set of arguments can be found at both ends. (Roosh) is of the view point that feminism has made women out of their minds. They are trying to e njoy every fruit of life just because their rights were violated previously. The justification made by these women is unacceptable and illogical. They want to grab all the societal benefits and bring the best out of everything. The viewpoint which is prevailing throughout the majority of women is that they have succeeded in their goals and now it’s the time to enjoy. Even today if a woman is unable to get good grades or a good job then she eventually blames the society, especially men. They think that men are the barriers between their success, in fact problem lies within themselves. Sex as an advantage is used by most of the women. Their monetary and materialistic desires need to be fulfilled first, than they would be available to have sex. Sex is used as a proper bargaining tool making men life miserable. If men are not getting their sexual demands than eventually they will go for other options. Family lives are totally ruined, children are spoiled due to no interest of wom en at home. Gone are the days when women stayed back home so that their children would get attention. Women these day’s have a simple focus, to beat men in every area. Killing of babies is a common practice; abortion is considered an ordinary thing by women (Melissa). The statistical figures are quite astonishing as men have really believed that they have lost their role in the society. Men consider themselves as a second class citizen now. The race of who gets paid more is now is in. The role which apparently men had in the 20th century cannot be seen anymore due to women rapid dominance in the world. This century has given women empowerment at extreme. Historically men had the role as a provider of the house, the ultimate thing but now tables have turned over. There are no more cherishing talks on the dining table and no more men dominance. Figures show that 82% men are sure that their role in the society which previously had is totally demolished. 52% men are certain that women rule will be sooner there in the world (Boycott). (Dhaliwal) states that eminent role of men has been clean swept and male are under the direct influence of women. He quoted one of the incident in which a woman with a diamond ring and having a successful career was with a nerdy looking guy which was for sure not that successful. The depiction of both the entities gave a clear indication that man was under

Treasury and risk management Essay Example | Topics and Well Written Essays - 1500 words

Treasury and risk management - Essay Example 60 165 28 -$28.00 Do Not Exercise $32.00 Long Share Profit or Loss = Current Stock Price – Spot Share Price For instance, when current stock price is $121 and the Purchase price is $171, the Long Share Profit or Loss = $(121-171) = -$50. Option Value = Strike Price – Current Stock Price For Instance, when the strike price is $165 and the current stock price is $121, the Option Value = $(165-121) = $44 (In-the-Money) Long Put Profit & Loss = Max [(Option Value – Premium paid), Premium paid] For Instance, when the premium paid is $28, Long Put Profit & Loss = Max [(44-28), -28] = $16 The option will be exercised only when there is a Long Put Profit otherwise the option will not be exercised and the loss will be limited to the initial premium paid. Hence, this strategy is also known as the ‘Protective put’ strategy. For instance, when current stock price is $121 and premium paid is $28, the option should be exercised. Similarly, for different current st ock prices, the protective put strategy can be computed. ... e), Premium paid] = Max [(165-121), -28] = $34 So, from the above it can be said that if the put is at $121, only loss of $34 and if put is not exercised, loss will be $50. Hence, the breakeven share price is $199. It implies that the hedger will start to make profit after crossing the breakeven point of $199 when all premiums are paid and initial purchasing cost of shares are taken into consideration. Section (c) The protective put strategy diagram along with the breakeven point is shown below, Answer 2. Section (a) Introduction Many analysts believe that the European economy is likely to face more turmoil before it finally gets better. Greece owes a total debt of â‚ ¬490 billion to various banks in Euro zone. Analysts believe that if Greece fails to repay its debt then the impact of default will be directly felt by the small as well as the large businesses in UK. With such a huge amount of debt, if Greece really fails to repay and leave Euro, then the consequence of that will be mostly felt by the various banks in UK and Euro to whom Greece owes. Argument Defaulting of Greece or separating Greece from the Euro zone may not be suitable options to revive the European economy since the implication of both outcomes will paralyze the European economy as well as the global markets. This is mainly because of the fact that the banks do not work in isolation. They are connected to each other through debt guarantees or collaterals and insurance products (Mylonas, 2011, pp.81-84). Assuming that the Greece will default and then the most probable impact will be that about eighty percent of British banks will have less money to lend out to individuals and businesses. Consequently, if the bank’s lending slows down then the consumer consumption will decline leading to deflation in

International Human Rights and Islamic Law Essay

International Human Rights and Islamic Law - Essay Example Almost all the nations that are either Islamic in nature, or have a strong Islamic presence within their population, have at some point of time entered reservations. Amongst these, some states have entered their reservations by citing the Sharia law, while other states have based these reservations by categorising the Sharia as ‘domestic family law’. Such high number of reservations portrays the existence of a contention that relates directly to the women’s laws pertaining to human rights, while also indirectly relating to the theory and practice of the international human rights law. This conflict thus showcases a direct confrontation between the idea of universalism of human rights; and the so called ‘cultural relativism.’ Even a casual glance at the reservations will show us that some of them that cite the Islamic Sharia laws, are completely at oddity with the very nature and objective of the Convention, and often undermines the primary goal that a ims to the remove all kinds gender bias and bring in equal status for all human beings, irrespective of whether he is a male or a female. In my article I will examine the tension that arises from the certain state parties’ reservations to CEDA

The Air Can Be Cleaner Than It Is Now Essay Example for Free

The Air Can Be Cleaner Than It Is Now Essay There are people who believe that â€Å"fresh air† is an unlimited source. I personally used to think like that when I was a young. As I grew older, I learned that a simple thing, such as fresh air is infinitely available, is not true. The fact is, the troposphere, which is like a wall that covers the earth, is the only air that is available to us. No fresh air comes in, and no polluted air escapes (Harris, par. 3). Ironically, a giant thing like spaceship could go out trough the troposphere, the lowest level of the atmosphere, but a simple thing like air can not. This way, we are like in a sealed room, so we must use the air over and over again for infinity. Polluted air is dangerous and it has been a dilemma throughout this modern era. Air pollution can have serious problem for our health and also on natural ecosystems. It is able to go around the earth easily because the fact it is located in the stratosphere (â€Å"Air Pollution,† par. 2). The sources of air pollution are both natural and human-based. Volcanic eruptions, wind erosions, pollen dispersal and forests fires are among the natural-based air pollution. But, the most pollution is the result of human activity. There are many things that we do can contaminate the air. According to Think Quest Online, â€Å"The biggest cause of pollution in U. S. are the operation of fossil fuel-burning power plants and automobiles that combust fuel. Combined, these two sources are responsible for about 90% of all air pollution in the United States â€Å"(â€Å"Causes,† par. 6). The other 10% are including the natural-based of air pollution and some other human activities that can cause air pollution, such as, the smoke from cigarettes, fireplaces, heating systems, incinerators, airplanes, industries and many more. Based on the facts above, human activities alone are responsible for more than 90% of air pollution in the United States. The issue here is obviously not about the air pollution that comes naturally, it’s about our activities that can cause air pollution. Polluted air can affect the health of human beings in many ways. Every year, the health of many people is endangered by it. There is a research about the people who have been killed by air pollution in United States. The result is over 50,000 people killed annually. It often happens to young children, infants, and elderly people (â€Å"Effects,† par. 3). People who already have health problems, like asthma, heart and lung disease, have a high risk of suffering or dying when the air is polluted. Another tragic fact happened in English on 1952, which is the famous era of the country’s industrial revolution. As a result, more than 400 people died in because of the fog that formed by smog from the industries. Today, the way of most industries work is not the same as past. Somehow, they manage to reduce the smog their producing. However, there are still many industries in countries, such as China, Poland, Czechoslovakia, and some other eastern European countries, are still using the old way to handle the smog (Socha, par. 8). Our natural ecosystem can be endangered by air pollution too. Air pollutants like carbon dioxides, ozone, and sulfur dioxides also have deadly effects on it. Those harmful substances can easily destroy plants and trees by exterminating their leaves. Air pollution can also kill animals too, especially fish in a river that highly contaminated (â€Å"Effects,† par. 7). Air pollution is not only bad to our health but also to our environment. There will be no doubt that the air will be much cleaner if we stop all the activities that can contaminate the air, but our life is going to be drastically changed. It’s obviously going to be more difficult because nearly all the things that we need can cause air pollution. Almost all of human transportation can cause air pollution. The industries, which produce many people necessity, can cause air pollution. We can not live without those things. So, we do not have to stop the activities that can cause air pollution but we need to reduce it. With all these seriously bad effects of polluted air, we can’t just sit and do nothing. Fortunately, there are many ways that we can do to reduce pollution. Here is the solutions: conserve electricity, set your air conditioner at a higher temperature, reduce the use of heater, driving a car that has a great fuel efficiency (at least 35 miles per gallon), share a ride to destination, or use public transportation, bicycle or walk to errands when possible, reduce the consumption of cigarettes or cigar, replace incandescent light bulbs with compact fluorescent bulbs, recycle newspapers, aluminum, and other materials, and avoid purchasing products such as Styrofoam that contain CFCs (sulfur and chlorofluorocarbons) (Socha, par. 0). Not only these solutions can make the air cleaner, but it also can save energy, and for some of them, can save or generate money. There is one solution that really useful in reducing air pollution, and that is planting more green plants. Just like human, plants breathe in order to live. Trees inhale the carbon dioxide, which is the bad air, during a sunny day. This process called photosynthesis (â€Å"Photosynthesis,† par. 2). In the night time, tree exhales the oxygen, which is the good air. Trees are basically producing the oxygen just by sucking carbon dioxide. It is really useful to us, not only it can make the bad air disappear, but it also generate the good air. So, we need to plant trees as much as we can. It can reduce the air pollution, but what is more is that trees can also make the environment much nicer. If we do all these solutions there will be no doubt that the air will be much cleaner and good things will come if the air is cleaner. For example, health problems will be decreased, healthier ecosystems, and many more. We would not be blamed by our kids or our next generation if we do these solutions. They can live happily and they also have a great chance of doing these solutions. We have to start these good habits from now, and I’m very sure that our generation will be remembered forever just because we start solutions as our habits. The future can be brighter and it is sure that we will live longer.

Singapore Airlines: Business, Marketing and Operations

Singapore Airlines: Business, Marketing and Operations This paper study is based on Singapore Airlines (SIA), in this case study the project has discuss about the SIAs Business, Marketing and operational strategy, what are the changes is the SIAs facing in future, how this airline company has changed its strategy and how this airline from a small country-state with a population of about three million people, on an island no larger than the Isle of Man, earn a reputation for being the most constant money-making airline in the world, in spite of the various world-wide recessions. The paper study also discuss about, how the Singapore Airline retained employees and the customers. QUESTION 1: Evaluate SIAs Business, Marketing and Operational Strategies and assess their effectiveness in relation to the competition? Over the last decade Singapore Airline has grown from a local airline into one of the worlds leading passenger and cargo carriers. In an attempt to survive, many of the organization which is working in the same business tried to observe and investigate the approaches or strategy which are using by Singapore Airlines (SIA, 2007). Finally it became clear and understandable that SIA are more competitive because of its business and operations strategy. The long term growth of a business design to provide and maintain shareholder value is called the business strategy. So, this part of the paper contains the business, market and operation strategy of Singapore Airlines. As we all know the SIAs has developed a status for being an industry innovator as well as doing things in a different way than its competitors who are in the same industry line, for example, As the study says SIA was the first airline to introduce free drinks, a choice of meals and free headsets back in the 1970s. Not only this, the Singapore airlines are the first who start a two year programme to install Kris World, that is a new in-flight entertainment scheme, for passengers in all three classes of its Megatop B747s. KrisWorld provides around 22 channels of video entertainment, around twelve digital audio channels, around ten Nintendo video games (Nintendo was best known for console industry and famous for home video game), and always alert the destination information and provides a telephone at each seat. By using this innovative ideas and creativity techniques the SIAs has done wonder in this airline business and earn a reputation for being the most consistent money-making airli ne in the world. Not only this, SIAs has done many changes in the history of airline and they provide numerous innovative ideas and doing things differently than its competitors. SIAs is the one who spend lot of millions in order to install KrisWorld movies; by doing this they had given an amazing entertainment to their customers while traveling and this lead to make them a different from their competitors and by adding this KrisWorld they are the first one to do so and this types of strategy help them a lot in becoming a number one in these business. SIA is the first in the market for discoverer and performer of the mostly innovative live teletext news service (KrisNews) and also for an interactive in-flight shopping service for its aircrafts. These creative and innovative developments by SIA, eventually won numerous awards for the best air lines. SIA was the first airline which bought a collection of finest chefs from all over the world to serve best in-flight cooking for its passengers as well as it was the first airline which tried to accomplish the wants of individual passengers by launch the special meal service with lighter and better options plus the unique in-flight meal service which is specially introduced for young flyers and enabled them to choose their desired meals up to 24 hours before the flight departure. Besides that, SIA started to update its menus monthly and even weekly to create an impression among its frequent travelers and also to keep track of flyers tastes. These were the main line of attack for SIA to compete among its competitors in the market and also to shore up its business strategy1. The main success of SIAs is Singapores Changi airport, Changi is situated in eastern end of the Singapore. Changi airport is one of the world busiest airport QUESTION 2: Using change management models evaluate how the company has changed; in strategic terms. QUESTION 3: What challenges is SIA facing in the future. What should SIAs business and operations strategies be for the future and why? Provide justification for your recommendations. As we know that SIAs is the one of the leading airport in the world but due to the large number of competitors in the world. SIAs have to maintain their top ranking in the future by maintaining their operations and business strategy and by developing more innovative ideas. The challenges which a SIA facing in future is mainly due to their competitors, as we all know in airline business the profit is very less and its mainly because of growing airline industry, passengers have many choices to select the low fare flight, so they must provide the better facility in a lower price that may affect their capital turnover. Recession is also the one of the factor for affecting then in future. Like in recession, there is a reduction in number of fliers. In future there is my advance airplanes/crew because of the competition and so the availability of the best crew is very important. There are more challenges that airline industry is facing like escalating costs and stiff competitions. As this part of the paper contains that which type of business as well as operations strategies should SIAs makes for their future and which makes them different from there competitors. Before going to this we must know about the operations strategy, operations strategy is the total guide of decision made the management which leads to the long-term growth for any type of operations, it is the long term process. Basically operations strategy is the method or tools that help us producing goods and services to the consumers. Operations basically deal with the producing or delivering of goods. This paper study discuss the competitive strategies of Porter, In 1980s Porter has argued that there is two types of competitive advantages which can be shared with either a broad or narrow competitive scope to create four well known business strategies: 2 Cost leadership, Differentiation, Focused low-cost, and Focused differentiation The Porters four competitive strategies are shown in table below:- Competitive Advantage Lower Cost Differentiation Cost leadership Differentiation à ¯Ã†â€™Ã… ¸ broad target Low cost focused Focused differentiation à ¯Ã†â€™Ã… ¸ narrow target Cost leadership technique or strategy is normally used by the companies for generally generating the profit even though the low price of the product or the services offered. In this strategy company mainly focused on the decreasing of price and retaining their old customer and generating the new one, so by applying this rule to the airline business SIAs have to take some initiative for lowing there prices in spite of that providing the full facility to their passengers. By doing this the SIA is always be a head from its competitor in present as well in future because doing this the high, medium and even low class passenger get attractive towards it and SIAs will make even more profit than earlier. Differentiation strategy, in this strategy a companys offers a service that consumers perceived it as a different and ready to pay a high amount or cost for that. So, SAI have to innovate some new facilities like new entertainment programs while travelling and some advance technology features with some extra cost, and it must be different as well as a new thing for passengers so that they are ready to pay a high amount for it. Or do offering the old facilities but offered it in that manner that passengers are ready to pay a high amount. This type of innovation or creativity make them different from there competitor and good for future also. Focus Differentiation strategy focus on a narrow sector and within that sector, they are attempting to achieve either a price advantage or differentiation. The principle is that the sector which is focusing must be better served by entirely focusing on it. So, SIAs must use this strategy for be a top in their business by focusing in a small small sector and offered better services to the passengers and then they will definitely be a head in the airline business. Reflection on Career Goals: Becoming an Ophthalmologist Reflection on Career Goals: Becoming an Ophthalmologist 1. Please provide evidence of activities and achievements which demonstrate your commitment to a career in this specialty and/or which have led to the development of skills relevant to a career in this specialty.(250 words) My inspiration for becoming an ophthalmologist stemmed from working in DARUL-HIKMAT DARUL-SHIFA, a charity eye hospital in Pakistan, which I have attended biannually since first year in medical school. There I observed how a small procedure brings a remarkable improvement in the quality of a patients life. Out of my own interest, I undertook 2 ophthalmology electives. I was privileged to observe practice on an incredible elective at MOORFIELDS EYE HOSPITAL. It was a great experience and further motivated me to become ophthalmologist. I achieved Distinction in Ophthalmology during my MBBS. As a Foundation year doctor, I regularly attended eye clinics and theatres in my free time. I did a week of a TASTER SESSION and managed to arrange a SPECIAL MODULE in ophthalmology during my GP rotation. I have made several international presentations and have published in peer reviewed journals. I have excellent hand to eye coordination and dexterity. I am competent in Objective Subjective Refraction. The combination of medicine and surgery, along with the variety of cerebral and fine motor skills necessary has drawn me to the specialty. It is the only specialty that has satisfied me to practice medicine at the highest level. Sight is the most valued of senses for many people, and to be in a position to improve and restore sight, as well as prevent eye disease, gives me great pleasure. I am a dedicated, hardworking, and energetic person. In addition, I have passed RCO exams and my experience in ENT, neurosurgery, diabetics and oncology make me a great candidate. 2. Please provide details of outstanding achievements outside the field of medicine. (250 words) I have regularly arranged clinical courses for the junior doctors and GP since 2008. The courses consist of â€Å"ECG interpretation day† â€Å"Pain Management Course† â€Å"Eye ENT day†. This involves a great deal of organizational and managerial skills. This has also given me experience of developing a successful business plans and dealing with the finances, which will be very beneficial for me, in the future, to set up new services in the NHS. Following additional demand, I have setup a company with a name of AR MEDICS to organise courses more widely. We won the first prize of  £5000 in South Asian Federation (SAF) Quiz competition, 2004. As Sports Coordinator at Medical College, I reformed the Sports Society and wrote its new rules and regulations. For the first time in its 25 year history, I arranged sports fixtures with other universities and introduced new sports. This improved college sports reputation remarkably. I was the captain of the basketball team and was awarded â€Å"Colours†. I learned to cope under pressure and improved my leadership decision-making skills. I enjoy hiking mountaineering. I have hiked up to the base camp of Nanga Parbat- the worlds 7th highest peak- and won first prize. 3. Clinical Audit: What experience of clinical audit do you have? Please state clearly where and when this was undertaken and indicate specifically your role. (250 words) â€Å"Evaluation of Glaucoma Management Services† M Amjad, R Job, S Walker. 01/02/2009 at Leighton Hospital. I initiated the study and formulated the pro-forma and collected data, which was presented in the Divisional Audit Meeting. I made recommendations to improve the system. I then re-audited to complete the cycle of the audit.. My material was later presented as poster at the Royal College of GP Annual Congress Nov 2009. A pilot Glaucoma care pathway was initiated from my recommendations., and Glaucoma Medisoft was installed to document and print clinic letters instantly. Improved documentation was made available for the GP ‘Management of Eyelid CA M. Amjad, S Raja. 01/09/2008 at Blackpool Victoria Hospital. Once again, I initiated the literature research, formulated a pro-forma, collected data, and analysed it. I presented this in the departmental audit meeting. â€Å"An Audit of Ophthalmology Emergencies presenting in AE† M Amjad, W Khan. 30/03/2007 at Blackpool Victoria Hospital. I researched the literature, formulated a pro-forma, collected, and analysed data. My conclusions were presented in the Divisional Audit meeting. â€Å"Management of Corneal Abrasion in AE† M Amjad, W Khan. 01/04/2007 at Blackpool Victoria Hospital. Again, I researched literature, formulated the pro-forma, collected, and analysed data, all for a presentation in the Divisional Audit meeting. Guidelines from Kings College Hospital have now been taken up inn the AE department. Management of Gastro-oesophageal CA six years audit† M Amjad, MU Javed. 01/03/2007 at Blackpool Victoria Hospital. I researched literature, formulated a pro-forma, collected, and analysed data. A presentation was made at the North West Regional Meeting for Upper-GI Carcinoma. â€Å"Major Limb Amputation, Environmental Study† M. Amjad, MU Javed, G Riding. 01/06/2007 at Blackpool Victoria Hospital. I designed pro-forma, reviewed literature, collected and analysed data for a presentation in the Divisional Audit Meeting. 2. Managing Teams: Please provide evidence of leadership skills, managing and/or working in teams. You may give examples from both inside and outside medicine. (250 words) I was elected as a Sports Coordinator at Medical College in my final year, which was a great honour and position of responsibility. In order to make this successful, I needed a good team and representatives from each year, whom I appointed. Working through the team and using my leadership skills, I was able to make significant changes. I reformed the Sports Society and devised its rules and regulations. For the first time since its foundation, I arranged fixtures with other universities and introduced new sports. I took on board ideas from team members and organized sponsors and a concert to generate funds. Our efforts improved the colleges sports reputation. This was because of the good management, delegation of responsibilities to team members and proper use of the recourses generated. I also captained the basketball team and was awarded â€Å"Colours.† This experience not only improved my team working and leadership skills, but also improved my ability to perform under pressure and make clear decisions. 5.Teaching Experience: What experience do you have of delivering teaching? (250 words) I have attended the â€Å"How to Teach Course†, in order to learn new teaching skills and develope a methodology. I have been regularly organizing and coordinating a full day study course for junior trainee doctors and GPs on â€Å"ECG interpretation† â€Å"Pain Management† ‘Eye and ENT day since 2008. The feedbacks has been excellent and the courses are very popular. I regularly delivered formal lectures to foundation and AE doctors on the use of slit lamp and management of acute eye problems. The feedback has always been good and higher than that given to my peers. I organized formal teaching and mock OSCE for final year Manchester medical students. In addition, I regularly present and attend the weekly regional teaching to keep up-to-date with advances within the specialty. My written feedbacks from the sessions have been very encouraging. I enjoy teaching and endeavour to continue it. 6. Research: Please provide evidence of research whether past or in progress. If you have undertaken or are undertaking a research project, please give details and indicate your involvement. (250 words) I worked as a junior Research Fellow Gastroenterology under Prof M Umer in Holy Family Hospital. I was involved in two projects, both presented as poster and also published â€Å" CHRONIC HEPATITIS-C RESPONSE TO ANTI-VIRAL COMBINATION THERAPY† A prospective study of 200 patients. The objective was to study the response of chronic hepatitis-C patients to combination antiviral therapy. I reviewed the literature, collected and analyzed data using SPSS. The results showed that combination therapy with interferon and ribavirin for CAH-C helps to treat the disease as well as to improve the symptoms of the patients. â€Å"SYMPTOMATOLOGY OF CHRONIC HEPATITIS-C† A case control study involving 1000 patients. The purpose was to study the common symptoms in patients with Chronic Hepatitis-C. I formulated the pro-forma, collected data and analyzed using SPSS. This was my first experience in research. Moreover, it was presented internationally. It gave me a lot of confidence and motivation. I learned the skills needed to search the literature, design a research project and to statistically analyze the results. It also improved my communication and presentation skills. Recently I was involved in two small studies and presented them as poster in RCO annual congresses. They are â€Å" The Impact of GDX in the management of new glaucoma referrals† and â€Å"Post-operative ocular complications after acoustic neuroma surgery† 7. Additional Achievements: Please note any prizes, awards and other distinctions (include specialty and qualifying distinction) which you may have. Please indicate undergraduate or postgraduate award, the awarding body and date awarded. (250 words) Grade A+ in MBBS Examinations, Rawalpindi Medical College, Jun 2005 Distinction in Ophthalmology (MBBS Exams), Rawalpindi Medical College, Apr 2004 Distinction in Forensic Medicines Toxicology (MBBS Exams), Rawalpindi Medical College, Jan 2001 Awarded Gold Medals for best in academics, Education Board, Jan 2000 Won Merit Scholarship for 5 years, Education Board, Jan 1999 8. Presentations: In this section please provide details of your most relevant presentations at local level (state whether departmental, hospital or trust). Please give a statement about your personal contribution to the work. (250 words) I have initiated these projects and presented the using PowerPoint at different meetings. Morbidity and mortality meeting. Presented in divisional meeting. 2009 â€Å"Negative dysphotopsia: Long-term study and possible explanation for transient symptoms.† Oral presentation in Journal Club, Leighton Hospital 2008. â€Å"Management of Eyelid CA† M. Amjad, S Raja Presented in departmental audit meeting in Sept 2008 â€Å"Major Limb Amputation, Environmental Study† M. Amjad, MU Javed, G Riding Presented in departmental audit meeting in Jun 2007 â€Å"An Audit of Ophthalmology Emergencies presenting in AE† M Amjad, W Khan Presented in departmental audit meeting in Apr 2007 â€Å"Management of Corneal Abrasion in [emailprotected] Amjad, W Khan Presented in trust annual review meeting in Mar 2007 â€Å"Management of Gastro-oesophageal CA six years audit† M Amjad, MU Javed Feb 2007 9. Presentations: In this section please provide details of your most relevant presentations at regional and/or national level. Please give a statement about your personal contribution to the work. (250 words) I have initiated, written and presented the following work. â€Å"Patient with previously undiagnosed Autoimmune Hypophysistis (AH) presenting with bilateral recurrent cystoid macular oedema secondary to Intermediate uveitis.† M. Amjad, A Sachdev, V Kotamarhi Submitted for Poster presentation at Royal College Ophthlmology Annual Congress, 2010. â€Å"Post operative complications affecting eyes after acoustic neuroma surgery.† A. Garrick, M. Amjad, I Marsh, C Noonan. Submitted for Poster presentation at Royal College Ophthalmology Annual Congress, 2010. â€Å"Restructuring and Innovating the Glaucoma Services. Role of Primary and Tertiary Care.† M. Amjad, R Job, A Asghar, S Walker. Poster presentation at Royal College of GP Annual National Conference, Glasgow, 2009. â€Å"The impact of GDX in the management of new glaucoma referral.† M. Amjad, R Job, S Walker Poster presentation at North of England Ophthalmology Society, Allensford UK, June 2009. â€Å"Patients perspective of new Intra-vitreal Anti-VEGF treatment† V. Kotamarthi, M. Amjad Poster presentation at Royal College Ophthalmology Annual Congress, Birmingham 2009. â€Å"Chiari malformation with the symptom of photopsiae as the only ocular symptom and no ocular signs.† M. Amjad, V. Kotamarthi Poster presentation at The 10th Congress of International Ocular Inflammation Society, Prague. May 2009 â€Å"Value of Ultrasound in detecting pathology in vitreous haemorrhage.† T. El-kashab, M. Amjad Oral presentation The 10th Congress of International Ocular Inflammation Society, Prague. May 2009 â€Å"A Case of Idiopathic Sclerochoroidal Calcification associated with Primary Open Angle Glaucoma.† M. Amjad, T. El-kashab, R Job, A Needham Poster presentation at The 10th Congress of International Ocular Inflammation Society, Prague. May 2009 Communication and interpersonal skills: Please give a recent example that demonstrates that you possess these skills. (150 words max) A 59 year old gentleman was referred over the weekend with a six month history of left temporal ache. All the examinations and bloods were normal, except for a disc swelling on his left side. I informed my consultant and devised a plan. Then, I liaised with the ENT and on call radiologist to review the patient. I kept the patient and his partner informed about all the progress throughout this time. After arranging an urgent scan, which showed a mass compressing his orbit, I arranged for the admission and booked theatre for removal of the mass compressing orbit. As the focal point of communication between concerned groups, I enabled us to work as a large team, efficiently and effectively, to save the patients eye from future complications. My ability to communicate and delegate facilitated the effective success of a multi-disciplinary team approach to patient care. Initiative: Please give a recent example that demonstrates initiative. (150 words max) In October 2008, I attended a busy eye camp in Pakistan. During my stay, I was astonished to find that operations are cancelled on-table by the surgeons due to high IOP. Only high risk patients were having their IOP checked due to high patient turnover. This resulted in a huge waste of resources. After discussion with the management, I took the initiative to provide a solution to this problem. After research and discussions with senior doctors visiting the camp, I proposed to use a puff tonometer to check IOP of all patients undergoing surgery. This method doesnt require extraordinary skill to use, hence it is effective in a busy camp. This proposal was accepted by the supervisors. It had been a great success with surgical cancellations dropping by more than 95%. I received a letter of thanks. Making such a difference in patient care makes me proud. PAPER 2 Describe how you realised that you wanted to become an Ophthalmologist? [Edit] My inspiration for becoming an ophthalmologist stemmed from working in DARUL-HIKMAT DARUL-SHIFA, a charity eye hospital in Pakistan, which I have attended biannually since my first year in medical school. There I observed how a small procedure brings a remarkable improvement in the quality of a patients life. Out of interest, I undertook 2 ophthalmology electives and I was privileged in observing practice on an incredible elective at MOORFIELDS EYE HOSPITAL. It was a great experience and further motivated me to become ophthalmologist. Achieving a Distinction in Ophthalmology during my MBBS, I joined Rawalians Research Forum during my final year in medical school, where I published two research papers. Since then I have been actively involved in audits and clinical studies. I have presented 14 papers in international and national conferences. In addition, I have several published articles in many journals. Most notably during the Haematology, I was involved in ‘randomized control trials. As a Foundation year doctor, I regularly attended eye clinics and theatres in my free time. I did a week of a TASTER SESSION and managed to arrange a SPECIAL MODULE in ophthalmology during GP rotation. I have excellent hand to eye coordination and dexterity. I am competent in Objective Subjective Refraction. In my recent job I have done 53 Phacoemulsifications,6 Squint Surgeries, 23 IV injections, and 64 argon YAG laser procedures. The combination of medicine and surgery, the variety of cerebral and fine motor skills necessary has drawn me to the specialty. It is the only specialty that has satisfied me at the highest level. Sight for many is the most valued of senses and to be in a position to improve and restore eyesight, and prevent eye disease gives me great pleasure. I am dedicated, hardworking, and energetic person. In addition, I have passed RCO exams and my experience in ENT, neurosurgery, diabetics and oncology will make me a great candidate. What do you think are the main issues in solving global blindness by 2020? [Edit] Approximately 314 million people worldwide live with low vision and blindness. 90% of these blind people live in low-income countries. 80% of blindness is avoidable. Without effective, major intervention, the number of blind people worldwide has been projected to increase to 76 million by 2020. The major causes of blindness in the world are cataract (50%), refractive errors (15-30%), Trachoma, Onchocerciasis, Glaucoma, Diabetic Retinopathy, Age Related macular degeneration. According to WHO, restorations of sight and blindness prevention strategies are among the most cost-effective and gratifying interventions in health care. In 1999, WHO launched VISION 2020 The Right to Sight. It is a joint programme of the World Health Organization (WHO) and the International Agency for the Prevention of Blindness (IAPB) with an international membership of NGOs, professional associations, eye care institutions and corporations. It aims for control of avoidable blindness by 2020; to achieve the aim the following issues need to be addressed. HR development: adequate and purposeful training of all eye care personnel is a key factor. Apart from ophthalmologists, the ophthalmic nurse, ophthalmic medical assistants and especially refractionsists should be recruited and trained appropriately. Infrastructure Equipments development: facilities should be equipped according to the tasks. Local entrerpreaunership should be encouraged to participate to reduce cost and enhance sustainability. Awareness Education of local community: community participation is vital and this can be achieved by creating awareness in the public about the diseases and the facilities available to treat and prevent them. Funding: regular and new funding sources should be explored. Outside medicine, what personal attributes make you a good candidate for a career in Ophthalmology? [Edit] I possess combination of qualities through which I have not only achieved over and above the required competencies mentioned in the RCOphth curriculum for ST1 and F2 but also a good working relationship with the colleagues to prove as a good and successful ophthalmologist. I maintain good rapport with patients. During my foundation training, I had experience of caring for terminally ill patients, breaking bad news and discussing the patients care and resuscitation status with their family, which I was able to do in an empathetic and sensitive manner. I am actively involved in audits, and publications to maintain good medical practice alongside the tough demands of clinical work. This requires refinement of my time management and organizational skills. I believe in sharing the skills and experiences, which I do by not only involving myself in teaching but also in charity and voluntary work. I possess qualities of a good team leader and an effective team player, which I have gained thr ough my clinical and non-clinical experiences. I prioritize work and this helps me in coping when working under pressure. I am making most of the opportunities to gain experience and refine my personal skills and will do my best to become a good ophthalmologist. Injuries in Sports and Exercise | Case Studies Injuries in Sports and Exercise | Case Studies PDG. Understanding Injury in Sport and Exercise Settings Self-Selected Case Studies Introduction In this case study we shall consider three athletes who are superficially similar and have presented with injuries as a result of their sport. The athletes will be referred to as Mr.A, Mr. B and Mr. C. Each is in their twenties and are club standard runners. Mr.A fell during a training run and sustained an inversion injury to his left ankle. Mr. B presented with a pre-patella bursitis of his right knee and Mr. C could not compete because of severe metatarsalgia. Mechanism and pathophysiology of injury If we consider the aetiology and mechanisms of each injury we can see that although they are largely sports related and, to a degree sports specific, each is fundamentally different in terms of presentation, cause, treatment and outcome. Let us consider Mr. A. who fell during training. He was a modest club runner who ran sporadically for personal enjoyment. He sustained an acute inversion injury which resulted in a partial tear of the lateral malleolar ligament. This ligament effectively joins the Tibia to the talus and calcareous and is largely responsible for the lateral stability of the joint. (Clemente C D 1975). There was immediate pain and subcutaneous swelling and, although he could weight bear immediately after the injury, Mr.A could only walk with great pain. Lateral distortion of the joint was extremely painful. The fundamental aetiology of the injury was a sudden inversion stress to the ankle which was greater than the ligament could withstand and this resulted in rupture of some of the collagen fibres of the lateral ligament together with the underlying joint capsule. This allowed substantial bleeding to track into the surrounding tissues which, together with both extravasation of synovial fluid and accum ulation of tissue oedema, led to the clinically apparent swelling over the lateral malleolus. Mr. B, by contrast, was a fiercely competitive sub-elite runner who noticed his injury developing more slowly over a period of about ten days. He was preparing for a race and had increased his running schedule both in intensity and distance covered. Initially he was aware of a discomfort in the anterior aspect of his knee which felt superficial. This was apparent at the end of his training sessions and persisted for a few hours while travelling home. As the training sessions intensified, the pain grew more persistent until it occurred throughout his running session. Although it was a nuisance, it was not severe. By the end of ten days it had become very severe to the point that there was demonstrable swelling over the lower pole of the patella which was tender to the touch and constantly painful. The mechanism of this injury is typical of the overuse injury seen with overtraining. It is believed to arise initially from micro tears within the body of the patella ligament which become inflamed and the constant stresses involved with training do not let the injury heal sufficiently and the inflammation becomes accumulative to the point that histology would show inflammatory changes occurring throughout the ligament and this, in turn, causes friction on the surrounding structures. (Hewett T E et al. 1999) This is manifest as a constant progressively painful swelling localised in the region of the patella ligament and is aggravated by movement of the knee joint. It is tender to the touch and limits exercise. Mr. C was a club runner of modest ability, but with an over optimistic appreciation of his own ability, who trained with the elite runners at the club. He frequently complained of minor injuries that were blamed for his particular lack of performance in races. On this occasion he presented with pains in his forefoot over the metatarsal heads which was very specific and occurred when the toes were flexed but not when they were extended (an unphysiological finding). He could run, but complained bitterly of forefoot pain after the race and could be seen hobbling off the track and around the changing rooms after the race. Examination of his foot was completely unremarkable and no consistent physical abnormality could be found. It was noticeable that Mr. C vociferously blamed this problem for his inability to perform well. No physical diagnosis was made but the aetiology of his complaint was thought to be a psychosomatic manifestation of his anxiety relating to his inability to beat the b etter runners at the club. This equated to a mechanism of cognitive distortion and denial together with a compensatory conversion symptom complex to rationalise his poor performance. (Patel D R et al. 2000) In short we see three competitive runners with common presentations of injury, but three very different mechanisms of pathophysiology and aetiology. Each will require a different approach to treatment and will follow a very different illness trajectory. Psychology of sports injury There are a number of different theoretical concepts (with differing degrees of security of evidence base) that can be usefully employed in describing sporting motivation and are therefore relevant to the incidence of sporting injury. (Wigfield A et al. 2000) The literature on these subjects is very extensive and beyond the scope of this essay to consider in any degree of detail. Reversal theory (Apter M J 2001) is commonly utilised in this regard and can describe relationships between the personality characteristics and motivational stimuli. Paratelic dominant athletes commonly enter the paratelic motivational state and are typically arousal seekers and engage in high risk and highly competitive sports (viz Mr. B )(Cogan N A et al. 1998) Mr.A, by contrast is the typical telic dominant athlete who tend to be arousal avoiders, who plan and consider their training carefully and prefer low intensity experiences. (Kerr J H et al. 1999) Let us start this consideration of the psychology of sports injury with an assessment of Mr. C who presents with a primarily psychological complaint Mr. C has an overtly psychosomatic presentation. This can be conveniently described in terms of reversal theory (Apter M J 2001). and the paratelic concept (Murgatroyd S et al. 1978). There are aspects of the metamotivational states described in the theory which are relevant to Mr. C’s perception of his motives for continued participation in running even when he was clearly failing to achieve his set targets. If appears that Mr. C has developed a variation of a paratelic protective framework with somatic constructs. He needs the high arousal gratification of the paratelic dominant athlete by lining up on the starting line with the elite athletes, but has developed his idiosyncratic phenomenological frame as a coping mechanism which allows him a sensation of safety from his perception of failure with a series of somatic excuses for his failure to perform. (Kerr J H 2001) One psychological technique that has been demonstrated to work in this type of case is a form of cognitive behaviour therapy which allows a realisation of the implications of an action to be re-evaluated by the client. (Fowler D et al. 1995) This was combined with a strategy of the setting of â€Å"step-by-step† short term goals. This effectively allowed the client to consider his need to unrealistically compare himself with the elite athletes and to allow him to achieve progressive attainable targets, thereby recognising and capitalising on achievement rather than ruminating on poor past performance comparisons with other (better) athletes. (Pain M et al. 2004). The idea is that by setting and achieving some short term goals, the client can focus on the present, make small progressive steps, and recognise new achievements, instead of ruminating on past performance level. (Hall H K et al. 2001). Complicity by the clinician in agreeing that his symptoms may actually be physical can be completely counterproductive in this type of case (see on) Injury management The object of management of any injury is clearly to maximise the degree of recovery possible and to limit and residual disability that may occur as a result of the injury. In broad terms we can consider the immediate (first aid) treatment and the subsequent longer term management as separate issues. (Hergenroeder A C 2003) In the case of Mr.A’s acute injury the essential elements of treatment (once the diagnosis has been confidently made) should be to prevent further tissue damage and bleeding by immobilisation of the joint (splinting), prompt cooling to reduce the tissue reaction to the injury, analgesia to relieve the pain (but with the caveat that pain relief should not be an indication to stress the joint) and pressure to minimise blood and tissue fluid accumulation. The longer term considerations should be that weight bearing should be kept to a minimum for about 7-10 days. Mobilisation should then begin in a graded fashion over about four to six weeks. Running on flat surfaces could realistically begin (possibly with an ankle support) after that time. Mobilisation (both active and passive) is necessary to ensure that the fibroblastic activity of the ligament repair mechanism does not restrict movement of the joint to the degree that the long term restriction of movement becomes a problem. (Orchard J 2003) Mr.A would be well advised to avoid running on uneven surfaces for a period of many months and to undertake a course of physiotherapy involving modalities such as wobble board training to improve his proprioceptive capabilities. (Lephart S M et al. 1997) Because of the injury, Mr.A should always regard himself as more prone to get a recurrence if he were to have another fall. Mr. B should be treated in a distinctly different way. There is no â€Å"acute† first aid treatment as such, as the critical factor here is to recognise that the injury is the result of overuse of a joint. Rest, or in some cases simply a reduction in the training schedule, is often all that is needed to allow the condition to resolve. (Krivickas L S 1997) There is some evidence to suggest that the use of NSAIAs may help to reduce the inflammatory reaction and thereby increase the speed of recovery but their use must be undertaken with caution because of the propensity of runners to consider that the analgesic properties of the NSAIA group can be equated with evidence of suppression of the pathophysiology of the lesion, and therefore they can start to increase their training schedule thinking that the inflammation has settled because the knee is pain free. (Nickander R et al. 2005) Some clinicians would recommend the use of steroid injections in the paratendon tissues. It has to be noted that this is contentious because of the risk of tendon damage if the steroid is injected into the wrong area. Mr. C requires no immediate physical treatment. Indeed on an intuitive basis, physical treatment could be considered counterproductive as it could be viewed as reinforcing his aberrant adaptive and compensatory mechanisms by colluding in the physical nature of his pathology. By entrenching his position, the clinician could be actually aggravating the problem. Once confidently diagnosed, Mr. C should be promptly referred to a competent sports psychologist for treatment along the lines that we have outlined above. Lecture to club The first serious examination of sports injuries as a specific entity was carried out by William Haddon in 1962 (Haddon W et al. 1962). The growth in interest since then has been exponential. In terms of general observation about sports related injuries we can observe that it is generally accepted that one of the common predictive factors for an injury is a history of previous injury. (Watson A W 2001) ( Lee A J et al. 2001) Various studies have reported increased odds ranging from 1.6 to 9.4. (Chalmers D J 2002). In order to accommodate this information it is clearly important to know the other risk factors involved The practical problem is that in order to assemble a coherent evidence base on this issue it is vital to have well designed and robust trials to consider. In short, there are very few of these. (Parkkari J et al. 2001). A critical analysis of the literature on the subject reveals that there is a surprising paucity of evidence for any significant preventative measure for sports injury. Part of the reason for this is that if there is anecdotal evidence that a procedure reduces the risk of injury then it is likely that a substantial proportion of participants will already be using it. This makes double blind trials almost impossible. Van Mechelen ran a trial of the prophylactic value of warming up and down only to find that over 90% of participants were using the technique already. (van Mechelen et al. 1993) It is clearly of dubious ethical possibility, quite apart from a practical possibility to get a control group of athletes not to warm up just to see if they are more likely to get injured. The management of sports injuries is therefore largely a combination of intuition based on anatomical and physiological principles, guided by experience and validated by what scientific evidence base there is on the subject. The three case studies presented above have all occurred in similar status club runners for completely different reasons. This therefore exemplifies the need to undertake a holistic assessment of each case in order to be in a position to make a confident and accurate diagnosis. One should note that there are occasions when the injury or the pathology is blindingly obvious, but it is more common to have to undertake further investigations in order to firmly establish the diagnosis. Mr.A might require X-Rays to exclude a chip fracture of his lateral malleolus. Mr. B might require some blood tests to exclude a connective tissue disorder and Mr. C may need further assessment in order to be confident that there is no genuine physical pathology. References Apter M J. (2001). Motivational styles in everyday life: a guide to reversal theory.  Washington: American Psychological Association, 2001. Chalmers D J (2002). Injury prevention in sport: not yet part of the game? Inj. Prev., Dec 2002 ; 8 : 22 25. Clemente C D. (19750. Anatomy: A Regional Atlas of the Human Body.  Philadelphia, PA: Lea Febiger; 1975 (Figure 180). Cogan N A, Brown R I F. (1998). Metamotivational dominance, states and injuries in risk and safe sports. Pers Individ Dif 1998 ;10 :789–800. Fowler D, P A Garety, L Kuipers (1995). Cognitive Behaviour Therapy for Psychosis: Theory and Practice. London : Wiley 1995 Haddon W, Ellison A E, Carroll R E. (1962). Skiing injuries: epidemiologic study.  Public Health Rep 1962 ; 77 : 973–85. Hall H K, Kerr A W. 92001). Goal-setting in sport and physical education: tracing empirical development and establishing conceptual direction. In: Roberts GC, ed. Advances in motivation in sport and exercise. Campaign, IL: Human Kinetics, 2001 : 183–233. Hergenroeder A C (2003) Prevention and treatment of sports injuries. Clin Sports Med 2003 Hewett T E , T N Lindenfeld, J V Riccobene, F R Noyes (1999). The effect of neuromuscular training on the incidence of Knee injuries in Female athletes. The American Journal of Sports Medicine, 1999 Kerr J H, Svebak S. (1999). Motivational aspects of preference for and participation in risk and safe sports. Pers Individ Dif 1999 ; 27 : 503–18 Kerr J H. (2001). Counselling athletes: applying reversal theory. London: Routledge, 2001. Krivickas L S (1997) Anatomical factors associated with overuse sports injuries  Sports Med, 1997 Vol 5, no 3 Lee A J, Garraway W M, Arneil D W. (2001). Influence of preseason training, fitness, and existing injury on subsequent rugby injury. Br J Sports Med 2001 ; 35 : 412–17 Lephart S M, D M Pincivero, J L Giraldo, F H Fu (1997) The role of proprioception in the management and rehabilitation of athletic injuries,  American Journal of Sports Medicine, 1997 Vol 3 Pg 55-59 Murgatroyd S, Rushton C, Apter M J. (1978). The development of the telic dominance scale. J Pers Assess 1978 ;42 : 519–28. Nickander R, FG McMahon, AS Ridolfo (2005). Anti-inflammatory agents,  Annual Review of Pharmacology and Toxicology Vol. 19 : 469-490 Orchard J, T M Best (2002) The management of muscle strain injuries: an early return versus the risks of recurrance. Clin J Sport Med, 2002 vol 3 pg 26-30 Pain M and J H Kerr (2004). Extreme risk taker who wants to continue taking part in high risk sports after serious injury. Br. J. Sports Med., Jun 2004 ; 38 : 337 339. Parkkari J, Kujala U M, Kannus P. (2001). Is it possible to prevent sports injuries? Review of controlled clinical trials and recommendations for future work.  Sports Med 2001 ; 31 : 985–95. Patel D R , E F Luckstead (2000). Sport participation, risk taking and health risk behaviours. Adolesc Med, 2000 Vol 312 pg 22-30 Stevenson M R , Peter Hamer, Caroline F Finch, Bruce Elliot, and Marcie-jo Kresnow (2000). Sport, age, and sex specific incidence of sports injuries in Western Australia. Br. J. Sports Med., Jun 2000 ; 34 : 188 194. van Mechelen W, Hlobil H, Kemper H C G, et al. (1993). Prevention of running injuries by warm-up, cool-down, and stretching exercises. Am J Sports Med 1993 ; 21 : 711–19 Watson A W. (2001). Sports injuries related to flexibility, posture, acceleration, clinical defects, and previous injury, in high-level players of contact sports. Int J Sports Med 2001 ; 22 : 222–5 Wigfield A, JS Eccles (2000). Expectancy -value theory of achievement motivation. Contemporary Educational Psychology, 2000 ############################################################## PDG

Islamic Banking in Malaysia | Research Introduction

Islamic Banking in Malaysia | Research Introduction Chapter 1 Introduction Background of Studies Islamic Banking is a banking system that based on Islamic Law (Shariah). It follows the Shariah, called fiqh muamalat (Islamic rules on transactions). The rules and practices of fiqh muamalat came from the Quran and the Sunnah, and other secondary sources of Islamic law such as opinions collectively agreed among Shariah scholars (ijma), analogy (qiyas) and personal reasoning (ijtihad). The main principles of Islamic banking are the prohibitions of interest (usury) in all transactions, the undertaking business and trade activities must be based on fair and legitimate profit and the prohibitions of monopoly and hoarding. By doing so, Islamic banks will safeguard the Islamic communities and societies from activities that are forbidden in Islam. Islamic Banking is one of the fast growing banking industries today, many institutions have stepped into this multi-billion dollar booming industry by establishing its Islamic wings and units. Thus it may have a good prospect in the future. Introduction Islamic banks have been operating like other traditional banks about four decades. Like another conventional or commercial bank, they also mobilize deposits and granting loan to other. However, there are some different between Islamic bank and conventional or commercial bank. Islamic bank running the business based on Islamic Law (Shariah). Besides, Islamic banking also prohibited the transactions based on interest rate. Beyond the above distinct, Islamic bank are similar with conventional or commercial bank as the products and services provided are the same. Generally, we can define the Islamic bank as a non-interest based financial institution, which complies fully with Islamic Laws and has creative and progressive financial engineering to offer efficient and competitive banking, investment, trade finance, commercial and real estate financing services (AbdulQawi, O. and O. Lynn, 2001.) Islamic Banking is now one of the worlds largest faster-growing economic sectors, comprising over 300 institutions over 75 countries. Islamic Banking refers to a system of banking, which is following the Islamic Law or Sharia principles and guided by Islamic economics. In Islamic banking, the collection and payment of interest (also commonly called Riba is prohibited. In general, Islamic law also prohibits people from trading in financial risk because is seen as a form of gambling. Besides, investing in businesses that are considered as haram also prohibited in Islamic law. Various Concepts of Islamic Financial Products Profit sharing financial products Musyarakah (partnership/ joint venture) Involve 2 or more parties. All parties invest their money in a business. Distribution of profit will be shared according to the agreed ratio. Losses will be borne by all parties (share the losses on the basis of their equity participation). Mudharabah (profit sharing) There is an agreement between capital provider and entrepreneur. Capital provider provides money for an entrepreneur to carry out a business. Profit will be shared in profit sharing based or pre-profit ratio (Variable rate). Losses have to bear by capital provider of the fund. Qardhul Hassan (benevolent loan) Interest free loan Need to repay the principal amount borrowed plus an extra amount at borrowers borrower ¡Ã‚ ¯s absolute discretion (as token of appreciation) Example: Amanah Ikhtian Malaysian (AIM) The Bank may use an appropriate proportion of the funds at its disposal for what may be considered as the discharge of its social responsibilities through loans to truly deserving customers for worthy economic projects with the underlying objective of support and assistance. The borrower is obliged under Syariah to repay only the principal amount of the loan according to its terms and conditions. The Bank cannot demand the borrower to pay anything apart from the principal amount of the loan, although in Syariah it is desirable that the borrower does so at his/her own discretion. Wakalah (nominating another person to act) A situation A person nominates another person to act on his behalf. Hawala Bill of exchange, promissory note, cheque or draft. Example: a debtor passes on the responsibility of payment of his debt to a third party who owes the former a debt. Thus the responsibility of payment is ultimately shifted to a third party. A mechanism for settling international accounts, by book transfers. This obviates, to a large extent, the necessity of physical transfer of cash. Advance purchase financial products Murabahah (cost plus) Short term loan Involve in asset buying Bank buys it and sells it back to you when it is mature. The price will include a profit margin as agreed to by both parties. (Cost + profit margin) It is similar to housing loan. Payment can pay back in lump-sum or monthly payment and the period of paying back is set by the borrower. Istisna (Progressive Financing) A contract of acquisition of goods by specification or order where the price is paid progressively in accordance with the progress of a job. Ijarah (leasing) Leases equipment, building or other facility At an agreed rental against a fixed charge (agreed by both parties) Deposit products Wadiah Yad Dhamanah (savings with guarantee) For safekeeping or saving purpose. Wadiah is a Trust which means that the depositor must trust the depository. Bank (depository) act as trustee Depository becomes the guarantor who needs to guarantee repayment of deposit. There is no interest t be provided. Depository has provided the return to a depositor as token of appreciation. Return (profit) given based on profit sharing (Fixed rate) Mudharabah Deposit products based on revenue-sharing between depositor and bank, including saving products that can be withdrawn any time and time deposit products. Qard al-Hasanah Unremunerated deposit products, usually for charitable purposes. Insurance products Takaful Islamic insurance with joint risk-sharing History The first modern experiment with Islamic banking was undertaken in Egypt under cover without projecting an Islamic image to avoid of being seen as a manifestation of Islamic fundamentalism that was anathema to the political regime. The pioneering effort, led by Ahmad Elnaggar, took the form of a savings bank based on profit-sharing in the Egyptian town of Mit Ghamr in 1963. This experiment lasted until 1967 (Ready 1981), by which time, there were nine such banks in the country. In 1972, the Mit Ghamr Savings project became part of Nasr Social Bank which, until the date, is still in business in Egypt. In 1975, the Islamic Development Bank was set up with the mission to provide funding to projects in the member countries. The first modern commercial Islamic bank, Dubai Islamic Bank, opened its doors in 1975. In the early years, the products offered were basic and strongly founded on conventional banking products, but in the last few years the industry is starting to see strong development in new products and services. Islamic Banking is growing at a rate of 10-15% per annum and with signs of consistent future growth (Islamic Banks and Financial Stability: An Empirical Analysis, 2008). Islamic banks have more than 300 institutions spread over 51 countries. The earliest form of Islamic Banking in Malaysia was set up by Perbadanan Wang Simpanan Bakal-Bakal Haji (the Pilgrims Management and Fund Board) in 1963. This institution was set up for Muslim to save and assist them to perform a pilgrimage in Makkah as well as to encourage them to participate in investment opportunities and economic. While the first Islamic bank established in Malaysia was Bank Islam Malaysia Berhad (BIMB) which commenced operations on 1 July 1983. The government of Malaysia had introduced a systematic process to implement a proper Islamic financial system among the people in Malaysia. The first phase is the period of familiarization during year 1983-1992, and this is the time that Bank Islam Malaysia Berhad established. During this period, BIMB has developed itself as one of the most respectable financial institutions in the country, and been listed on Kuala Lumpur Stock Exchange (KLSE) on 17th January 1992. The second phase was happened in year 1993-2003. In these ten years, the government on Malaysia was aimed on creating a more conducive environment for competition among the banks and give banks to try to capture the market share. During year 1993, the conventional banks were allowed to offer Islamic banking services by setting up Islamic windows or Islamic banking scheme (IBS) to attract the public especially Muslim to involved in. The third phase that commenced from 2004 was the period of further financial liberation. At this time, the government gives the opportunities to foreign Islamic banks to operate in our country by issuing a license to them. Malaysia is the first country that implements dual banking that Islamic banking system and conventional banking system operate side by side. Problem Statement The Islamic banking nowadays is gaining rapidly and going popularity. Many local and foreign banks in Malaysia are offered and open special Islamic Banking counter. In this research, I will focus on the performance, problems and prospect of Islamic banking in Malaysia. There are lots of issues about Islamic banking in Malaysia, such as public acceptance, factors of selection toward the services and products, risk management and others. This will be discussed in the next chapter which is literature review. Even the Islamic banking has been introduced in our country over 20 years, but there still have to meet some problem. Based on the above, the research problems are listed as below: Lack of knowledge among public about the prospect of Islamic banking in Malaysia Lack of understanding about Islamic banking makes the people do not involve in it. Islamic banking has a different risk profile than the conventional bank due to the Islamic prohibited of interest. Public acceptances of Islamic banking are not strong. Research Objective To study the problems and performance of Islamic Banking in Malaysia Islamic Banking has emerged as a new reality in the international financial scene since the 1970s and has been established in Malaysia over 20 years. The emergence of Islamic banking is often related to the revival of Islam and the desire of Muslims to live in all aspects of their life in accordance with the teachings of Islam. This paper is designed to study about the performance of Islamic banking and determine how well it. To analyze the prospect and growth of Islamic Banking in Malaysia Islamic banking has a significant growth in Malaysia. Many local banks as well as foreign banks are now providing Islamic banking and finance services to the public. The factors that determine the prospect and growth need to be studied. As a country that consisted of a dual banking system, Malaysia plays an important role as an example to other countries on how to maintain this kind of banking system. This may give the opportunities to Islamic banking to expand and continue to growth. To find out the public acceptance and awareness of Islamic Finance Product among Malaysian The public acceptance is playing an important role to determine the succession of Islamic banking in Malaysia. Most of the people are dealing with the conventional banking because the interest rate provides a constant return for the customers. Islamic banking advocate interest free makes people think that there is no return by invest their money in Islamic banking services and products. Thus the public acceptances need to be raised as this will only bring a good prospect and future for Islamic banking industry. To study the factor influence the selection of Islamic Banking. Currently Islamic bank strategically offering high quality products and services to satisfy their customers due to the strong competition, a customer expectations for high quality services and rapidly changes of technology. Factors that are reflecting to customers perception and satisfaction on Islamic Banking need to be investigated. This study hope to analyze and determine the perception, quality of services, availability of services, confidence in bank and social and religious perspective about the Islamic banking system. Scope of Studies The scope of studies of this research paper is a focus on the problems, performance and prospect about Islamic banking industry in Malaysia. This paper also introduces various Islamic financial contracts provided and give a briefly describe about the products and services. Besides, this research also discussed about the factors of selection on Islamic banking and some current issues through the literature review. Organization of Research This research is divided into three sections, which includes: The use of literature review to find out what is the current situation about Islamic banking industries. By review these journals, I can easily identify the performance, problems and prospect about Islamic banking industry in Malaysia. This would be the first part of research. After this step, a framework will be developed and to understand the variables. Once the framework is being done, a questionnaire will be created to understand the revolution and the impact of Internet Banking for the users. This questionnaire will then be distributed for results. The third part of the research will be analyzing if the results of questionnaires scientifically and come with conclusions and reasons of particular happening. Once this is being done, then we will formulate various measures that could be done to make the situation more favourable.