Wednesday, March 28, 2012

What Are the Objectives of Distribution of Wealth in Islam?

As a comprehensive economic system, the good governance of Islamic economics has delineated some objectives of distribution of wealth in the Holy Quran. These objectives must be in mind while imparting executive education in Islamic finance, which tell its approach towards wealth, and the aims which it wants to achieve through it. Here is a brief summery of these objectives:
1. Islam wants to initiate an equitable distribution of wealth. To attain this objective Islam wants its followers to establish a healthy relationship between the two main factors of production: employer and employee. Islam wants that a proper utilization of natural resources should be made, there ought not to be any compulsion on the employees or employer. They should work together in a normal way meeting the requirement of demand and supply. This is why Islam does not approve monopolies which give the employer the sole power of exploitation. Following is the verse which tells God's scheme mentioned above:
''We have distributed their livelihood among them in worldly life, and have raised some above others in the matter of social degrees, so that some of them may utilize the services of others in their work." (43:32)
These "work" and "services" must be in conformity with the injunctions enunciated by Islam. The good governance of Islam advises the employer to pay his employee in full and fairly, his salary should be in his hand before the sweat of brow dries up. On the other hand it asks the employee that he is not only the worker but a guardian of the duties and stuff under his care and he will be answerable to God for how he fulfilled his duty.
2. Islam wants that the factors of production should get their rightful share from the production. Contrary to capitalism in which the capitalist has been given unbridled power to exploit and get his share without taking the risk of loss, Islam wants that the investor should get his share in profit but in loss too, and the other factors: manager of business, workers, should get their share as wages and lose their wages in case of loss, it is the natural and justified principle in the real world of economy.
3. Thirdly, not only the factors of production, which are directly involved in the production, are the rightful receivers of wealth but Islam appoints shares of certain types of people as rightful share holder in the wealth. They are the poor, pauper, destitute etc. It is not merely charity to give out some money to them; it is their "right" to get it. As Quran states:
4. "In their wealth there is a known right for those who ask for it and those who have need for it." (70:24-25) Moreover, this right of poor and paupers has been called the right of God in the Holy Quran which increases its significance manifolds:
"And pay what is rightfully due to Him on the day of harvesting." (6:142)"
5. Islam is against the concentration of wealth in a few hands. To eradicate this evil it takes some measures:
i) It restricts unbridled exploitation of wealth by the capitalist. It prohibits interest or usury.
ii) It forbids hording and any kind of manipulation of free market to create artificial price hike and inflation.
iii) It does not allow monopoly over the primary sources of wealth. These sources are mines, forests, un-owned barren lands, hunting and fishing, wild grass, rivers, seas, spoils of war etc. moreover.
iv) It has given a detailed and comprehensive law of inheritance which split the great concentration of lands into smaller units to rightful heirs. All this is done to:
"So that this wealth should not become confined only to the rich amongst you". (59:7)
These are some fundamentals of Islamic finance which must be in high focus on the very outset of the executive education in Islamic finance to keep the right perspective of Islamic finance.

Tuesday, March 20, 2012

Getting the Nails Done in Cosmetology Schools

An outfit is not complete without a wonderful hairdo and a set of great looking nails. From the moment a well-dressed woman walks into the room, all eyes go from the head to the toes and all points in between. As she takes a seat at the table and reaches for her glass, her well-manicured fingers shine with delight. Compliments flow, and her confidence elevates to an all-time high.
If you enjoy beautifying your nails and desire to share the love with others, maybe taking a nail care course is something you should pursue. Not only would you learn the craft of beautifying the nails, but also you would be performing a valuable public service to those who despises unkempt nails.
Becoming a Licensed Nail Technician allows you to make money doing the thing that you love. Instructors introduce you to the science behind nail care. You learn the steps necessary to help others experience the benefits of proper nail care. Your instruction includes identifying nail diseases and properly protecting yourself while handling your client's nails.
From the bare nail to polished perfection, you learn the proper application of acrylic nails. In addition, if you have an artistic flair, you can refine your skills into beautiful nail masterpieces. You would become the talk of girls' night out and your expertise broadcasted to all available ears. Would you like that type of gossip circulating through the masses? I am sure your pocketbook would.
Successfully completing a nail course could chart a new path in your life. This nail knowledge can skyrocket your earnings potential. Suddenly, you become the boss of your future. Automatically, many different choices become available to you in your new journey. And the great part is that you are not restricted when beginning your new career path. Even the idea of becoming a business owner, gets a little closer and become an achievable goal and not a myth.
So then, what do you have to lose? If you are not happy with your current employment situation, get out there and do something about it. Do not let the hours and days turn into months and years of unhappiness. If you desire the allure of a career in nails and beauty, do not waste time thinking about it. Contact some of the top Cosmetology Schools in your area and get more information on how you can make a career in nails your reality.
At, you can find the information you need to begin training for a career in cosmetology, esthetics and skin care, nail technology, massage therapy or hair care. Once we've helped you decide which beauty career is right for you, you can get information on state cosmetology license requirements, compare cosmetology programs at beauty schools in your area, and locate the right beauty school for you.

Wednesday, March 14, 2012

Business School Sees MiM Graduate Employment Rate Rise

While a rate of 95% was recorded among last year's class of 100, the 2011 class of 140 has achieved a rate of 96% - these figures are based on the full-time employment status of students three months after they originally graduate from the course. Compared to the median salary among graduates in the UK as a whole, the wages of London Business School graduates of this year's MiM course are around £9,500 higher at £35,000.
Breaking down the statistics further, there was a total of 36 corporate sector recruiters, perhaps giving the strongest indication yet of the value of the MiM course across sectors outside of the normal consulting and finance fields. In addition, a grand sum of 22 different recruiters have hired from the programme consistently (i.e. at least one student from each of the last two years). The release of the 2011 MiM job statistics follows the publication of the School's MBA employment report last week. It found that within three months of leaving this course, 93% of MBA graduates had found a job.
London Business School is consistently ranked as one of the world's top business schools, and is currently ranked as number one in the world in the Financial Times (Global MBA rankings, 2011). Over 34,000 alumni lead big organisations, run governments, transform communities and start new businesses in over 120 countries. A London Business School degree will give you the edge in today's competitive world. Located in the heart of London, London Business School offers access to the world's top recruiters and provides a head-start in forging a successful career in business.
Strong relationships have been developed with major recruiters. London Business School's Career Services team works in partnership with potential employers to identify candidates who are the best match for their job opportunities. A dedicated team is on hand to support all Masters in Management students to enhance career prospects. The Masters in Management programme is taught by a range of the London Business School faculty, all of whom work at the forefront of global business and produce high-quality research that impacts positively on business all over the world. This is a one year programme for recent graduates who are looking to embark on a management -oriented career, but who have limited business knowledge and less than one year of full time, relevant work experience. This programme has been designed following extensive consultation with top graduate recruiters, and provides students with the skills and knowledge to perform in all areas of management across a number of core courses in both academic study and professional development.

Tuesday, March 6, 2012

Accounting: Understanding the Job

Are you graduating from high school and don't know what course of study to pursue in college? Well, I have a suggestion. Why not take up accountancy? With a minimum income of at least three thousand dollars, the career field has a lot to offer. What a good accountant requires is attention to detail and logic. He or she has to be very passionate about numbers and also their application in the practical world. In brief words, an accountant's job is to keep a measure of a person or organizations assets and wealth as well as deal with any payments that the person or organization has to make. They are responsible for keeping financial records accurate as well as ensuring taxes are paid on time. An accountant is closely related to an auditor and sometimes even referred to as an auditor.
Types of Accountants
Most accountants are public accountants, whose tasks are taxing, auditing and consulting for their clients which can be private businesses, individuals, organizations or even non-profit organizations. However, there are other types of accountants as well. Forensic accountants are tasked to investigate crime that takes place in the business world, for example fraud. They can be employed by the government, courts or organizations. Management accountant are tasked for recording and analyzing of financial information of the organization they work for or a specific company. Government accountants on the other hand work for the state or local government and are responsible to maintain the records of the government's spending. Their job also includes the taxation and auditing of private business that fall under the rule of the government.
About the Job
A regular accountant would work from office though some do work from home. Getting a diploma in accounting is just the first step in achieving a successful career in accounting. To be able to achieve an accounting job that pays well and would give you a reputation with accounting firms as a good accountant, a bachelor's degree in accounting or a related field is necessary. Many in this field also choose to go through a test in the country they are practicing accounting to obtain certification. An example of such a certification is Certified Public Accountant. This certification can help an accountant to advance his or her career in the field. It is also possible to continue accounting without these certifications, but advancements are limited and an individual would probably end up working for a certified accountant.
The accounting field has much to offer. As with the world economies progressing, more jobs for accountants are being created. Due to the recent financial crisis around the world, organizations demand better accounting services to prevent any financial crisis.