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Where divers reach their greatest depths
Underwater exploration is almost as old as man himself. There is evidence that primitive man went swimming under the sea although... More >>
Partnership agreement is a written or oral mutual consent to run a business as co-owners for profit. Partnership agreement is also known as articles of partnership. More >>
Nature of business and infra structure
In starting a new business the businessman has to decide on the type and nature of business. More >>
There were many individuals, economists, and countries not favoring either capitalism or socialism. They were of the view that both the economic systems are on the extremes, would bring no good to the masses, or fail in the long run. More >>
Where man eating and harmless species of sharks are found
The word ‘shark’ always conjures up the picture of a very fierce dangerous, man-eating fish. More >>
The rabb-ul-mal may specify a particular business for the mudarib, in which case he shall invest the money in that particular business only. More >>
The East India Companies that operated during the seventeenth and eighteenth centuries were extremely powerful commercial and political organizations. More >>
Unlike sole proprietorship and partnership, the company has a limited liability. More >>
Financing of the working capital
Where finances are required for the working capital of a running business, the instrument of musharakah may be used in the following manner: More >>
Accounting a business language
Accounting is a language, a system that communicates information. It is often referred to as the language of the business, although it is just as important in the operation of government agencies... More >>
It is necessary for the validity of mudarabah that the parties agree, right at the beginning, on a definite proportion of the actual profit to which each one of them is entitled. More >>
A great deal of efforts goes into gathering and processing information about a concern before the facts end up in an accounting report. More >>
Difference between socialism and communism
As discussed above socialism and commission convey identical meaning. However, in the USSR this kind of economic system produced differences amongst the ranks of Communist Party as to how the system should be imposed. More >>
When capital of the company has been fully subscribed by the government, a government company comes into existence. More >>
This is the kind which can sell shares to the general public. Its shares are transferable. More >>
Where sea monsters have been seen
There are many sailors’ tales, some highly improbable about encounters with huge monsters at sea. More >>
Each partner is bound to remain within his limit set by agreement or Partnership Act. More >>
Socialism has certain advantages and disadvantages that can also be discussed as its characteristics. They are as under More >>
Running musharakah account on the basis of daily products
Many financial institutions finance the working capital of an enterprise by opening a running account for them from where the clients draw different amounts at different intervals, but at the same time, they keep returning their surplus amounts. More >>
Technological environment in business
Grover Starling defines technological environment as all those activities by which technical knowledge is translated into physical reality and becomes used widely enough to have a substantial effect on society.” More >>
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