1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mezya [45]
2 years ago
10

A major distinction between a conventional bank and an Islamic bank is that Islamic banks __ are allowed to charge higher intere

st on loans. cannot accept private deposits. cannot pay or charge interest. are not subject to any form of law,
Business
1 answer:
Vikki [24]2 years ago
5 0

Answer:

cannot pay or charge interest.

Explanation:

Islamic banks are banks that are based on Islamic laws or Sharia laws which is found in the Qur'an.

In Islamic banking, all banking transactions must be compliant with the Sharia laws.

Islamic banks differ from conventional banks in that :

1. they prohibit usury : Usury is charging interest on loans

2. they prohibit all forms of speculation : Islamic laws prohibit all forms of gambling

3. Investments in items that are not allowed in the Qur'an e.g. alcohol

Islamic bank use equity participation to make money. When an  Islamic bank lends money to a business, instead of charging interest on the loan, the receive equity in that business and are entitled to a part of the company's shares

You might be interested in
If The Limited Company relies on hiring a foreign textile manufacturer to produce a
svetlana [45]

Answer: Contract manufacturing.

Explanation:

Contract manufacturing is the outsourcing of some production activities that were formerly done by the producer to a third party. An organization may outsource certain parts for a product.

Contract manufacturing is the practice of giving out part of a work to outside sources rather than completing all the work within the company. It results in lower expenses and costs.

4 0
3 years ago
Henry is a landlord renting an apartment to​ Steven, a student at a nearby university. The two enter into a​ one-year lease arra
Sindrei [870]

Answer:

Mitigate his damages

Explanation:

By law, mitigation involves making effort to reduce losses. Now, an individual claiming damages or losses due to break in contract or a wrongful act by another individual has a duty under the law to mitigate those damages. That is to say, the plantiff is under a duty under the law to reduce the loss by taking advantage of any opportunity arising that may help.redice the losses or damages. However, in this case, the plantiff, who's the landlord Henry did not mitigate the loss by not attempting to or renting the accommodation out for the remaining six month. Thus, the damages would likely be reduced because he failed to mitigate his damages as he should have done as required under the law.

3 0
2 years ago
A parent sold land costing $400,000 to its subsidiary for $450,000 in 2017. The subsidiary still holds the land at the end of 20
nadezda [96]

Answer:

correct option is a. Land

Explanation:

given data          

land costing =  $400,000        

subsidiary 2017 = $450,000      

land credit = $50,000        

                 

solution            

While when we consolidating  land that will  appear in the group asset at the amount of 450,000.  

so here the appreciation in the value of land is not  realized gain .

so that there will be  credit to land with 50,000

so correct option is a. Land

5 0
2 years ago
You are responding to an RFP from a medium-sized company in another state. The RFP explains that the company wants to begin manu
lara [203]

<u>Answer:</u>

<u>Overview </u>

According to the RFP received, it is comprehended that the client wants to establish a business of manufacturing wooden toys for children. The key differentiator or unique selling point (USP) of the toys would be strong branding and marketing of the product. This will create a three value axis of Trust, Safety, and Identity.

The client is searching for strategic partner to establish the business to deliver and implement the strategic vision for the next five years. The following are the basic five essentials associated with strategic business plan:

• Mission statement

• Vision

• Strategic critical factors

• Objectives and strategic goals to be achieved.

• Implementation strategies

<u>Approach: </u>

Today, the toy market is overcrowded with many types of toys, each having a unique value proposition and targeting specific age brackets in children. Marketers treat children as a separate demographic segment. Hence, conduct detailed research on this segment to identify classifying the patterns buying behavior.

The especially planned framework would create our business plans for hyper competitive marketplaces. The approach to create the plan is shown below:

• Defining the scope of the product: It includes target marketing, selling channels and targeting demographics of children.

• Understand the market: the main 5 elements in this stage are competition in the market, existing suppliers, and purchasing power of buyers, substitute products, and entrance barrier.

• Positioning of brand: It includes segmentation, identification of potential market, targeting, positioning, communicating, and positioning.

• Manufacturing and distribution of products: it includes the acquisition of raw material, machinery, developing distribution channel, and supply chain management.

• Finance calculation and Human Resource: it includes calculation of revenue, profits, Return on investment, taxation, and other various measures.

<u>Timeline: </u>

According to RFP details, it is estimated time duration to create a business strategy is 8 months. The timeline is shown below:

• Defining the scope – 1 month

• Understand the market – 3 months

• Positioning of brand – 2 months

• Manufacturing and distribution of products – 1 month

• Finance calculation and Human Resource – 1 month

<u>Introduction of business: </u>

Our agency has been serving companies to succeed over years. We have functioned with multiple companies having wide range of experience in this sector. We have functioned with extensive clients and helped them to achieve a reliable growth rate. We are fully engaged with the client and facilitate them to develop designing of the business plan.

The experience and promise towards the success of our partners helped us grow. We have positioned as a medium-size business counseling firms. We help our clients to have clear goals. We help to grow the understandings and approach towards the business.

4 0
3 years ago
(TCO 2) An object of interest to the end user is
emmasim [6.3K]

An object of interest to the end user is <u>entity</u>.

<u>Explanation:</u>

An entity is a real world object or thing that has an independent existence. Entity is distinguishable from the other objects. The attributes of an entity are the properties of the entity which make the entity distinguishable from the other objects.

The examples of entity are a car, a book or any other product. A set of an entity is known as the entity set. Entity may be an object with physical existence or it may be with a conceptual existence.

6 0
2 years ago
Other questions:
  • The net price of goods from evelyn’s hair care products to the springtime boutique is $3,576.90. the terms are 3/10, n/30. the d
    8·2 answers
  • Donna Holbrook, an administrative assistant at Mason Enterprises, charged some office supplies to the company credit card. Sever
    9·1 answer
  • When rebuilding a steering system, a can of bolts and nuts was somehow lost. Technician A says to simply go to the hardware stor
    12·1 answer
  • As discussed in your textbook, the list of calls for police service in long beach, california, shows which type of call for serv
    9·1 answer
  • Acheson Corporation, which applies manufacturing overhead on the basis of machine-hours, has provided the following data for its
    7·1 answer
  • How much unused lending capacity does eternal savings have at step 4?
    12·1 answer
  • The night manager of Willis Transportation Service, who had no accounting background, prepared the following balance sheet for t
    8·1 answer
  • Step 5 in the marketing plan process is when a firm ______ the outcome of the strategy and implementation process.
    5·1 answer
  • Can someone help me with this?
    7·2 answers
  • The expenditure approach to measuring u. s. gdp equals ______. a. all expenditure on final goods and services produced in the un
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!