SAUDIZATION: According to Article 45 of the Labor and Workman Law of Saudi Arabia‚ Saudi workers shall not comprise less than 75% of the total number of the company workers and their wages shall not be less than 5% of the total wages of workers. The ministry of labor may reduce this ration in the absence of technical skills or educational qualifications. Article 48 provides that work is the right of Saudi nationals; others may not exercise it except after the fulfillment of the conditions
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I. Introduction Homo economicus‚ the Economic Man‚ represents a rational human being formalized in certain social science models‚ especially in economics‚ who acts in self-interest to achieve in a goal-oriented manner. As John Kay puts it‚ "He is self interested‚ materialistic‚ and obsessed with calculating his worth." In the world of economics textbooks‚ "... he is the mainstay of economic life." The edifice of modern economics is built on the foundation of Homo economicus‚ where the behavior
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1. What is the significance of determining whether a country follows the rule of law? Because it makes encouraging foreign investment easier because foreign businesses will know that their interests will be protected. Following the rule of law also makes ensuring protection of human rights of local people easier. 2. How does international law differ from national law? What are the sources of international law? International law includes legal relations between governments‚ including laws
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CORPORATE FINANCE PROJECT TITLE: ISLAMIC BANKING SYSTEM VS CONVENTIONAL BANKING IN PAKISTAN SUBMITTED TO: MR. MUBEEN KHALID SUBMITTED BY: KHALID WASIM 09-MPA-M-23 HAFIZ MUHAMMAD AHSEN 09-MPA-M-19 SEMESTER: 3RD INSTITUTE OF ADMINISTRATIVE SCIENCES‚ UNIVERSITY OF THE PUNJAB. ACKNOWLEDGEMENT We‚ wholeheartedly show our gratitude to our esteemed teacher‚ Mr. Mubeen Khalid‚ who gave us this good opportunity for advancement in our Corporate Finance course by undergoing this
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A Comparative Study on Whipping as Punishment for Muslim Women Offenders Yuhanza Binti Othman‚ Ekmil Krisnawati Erlen Joni‚ Ida Rahayu binti Mahat Faculty of Law‚ UiTM‚ Kampus Bandaraya Melaka yuhanza255@melaka.uitm.edu.my‚ ekmil777@melaka.uitm.edu.my‚ idarahayu@melaka.uitm.edu.my ABSTRACT Imposing whipping sentence serves not only to punish the offender for crime committed but to deter commission of the crime in the future. There are various offences which are punishable by whipping
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Gifts under Muslim Law and the Requirement of Registration: An analysis of Legal Provisions and the Case Law Faizan I Nazar* I. Introduction Registration of some classes of documents is compulsorily required under the various statutes like Transfer of Property Act‚ Contract Act etc. The (Jammu and Kashmir) Registration Act‚ Svt 1970 (1922 A.D) is a specific Legislation which under section 17 enumerates the documents which have been compulsorily registered under the Act. The first class of document
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There are many political‚ religious‚ and cultural factors that shape the lives of Islamic women many of them are completely different than factors in the lives of American women. Islam is one of the world’s fastest growing religions; however‚ Brooks argues that “Islam’s holiest texts have been misused to justify the repression of women‚ and how male pride and power have warped the original message of this once liberating faith.” The book also shows these factors have slowly been taking away women’s
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Explain the sources of Malaysian Legal System. In different country‚ there are different types of legal system. Some county practices a the mixture of two or more legal systems which is known as mixed legal system while some country practices only one type of legal systems. Malaysia practices the mixed legal system which consists of the Customary Law‚ Islamic Law and Common Law. The sources of Malaysian legal system law are from two different laws which are the Written and Unwritten law.
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1. Introduction RAM Ratings’ defines that sukuk default as not specific to any particular financial obligation but also the historical behaviour of the issuer’s corporate credit rating and is independent of the number and size of rated debt papers issued. They defined an event of default to include the following‚ a missed interest and/or principal payment‚ which is not remedied within the grace period; the legal insolvency or bankruptcy of the issuer; failure to honour the corporate-guarantee
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AAOIFI reporting standards: Measuring compliance Thea Vinnicombe[pic]‚ a‚ [pic] a Faculty of Business (Fachberreich Wirtschaft)‚ Fulda University of Applied Sciences (Hochschule Fulda)‚ Marquardstraße 35 36039 Fulda‚ Germany Available online 4 March 2010. Abstract Islamic banking and finance have grown rapidly in recent decades. Islamic banks offer a range of products‚ which‚ in complying with Islamic law‚ often differ from traditional Western financial products. Consequently‚ developing
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