The development and future of the Sukuk in Saudi Arabia financial Essay

The development and future of the Sukuk in Saudi Arabia financial services - Essay Example n the global markets This chapter aims to provide a through insight into the research that has been conducted regarding regulation and securitization involving Sukuk. The chapter aims to elaborate the structure of the Sukuk markets and the processes that go into issuing Sukuk and summarize. The global perspective on Sukuk has been thoroughly-researched in the past few years and this has helped us considerably in conducting the present study. Moreover, previous researchers have provided a convergent viewpoint regarding the growth of Sukuk in Muslim as well as non-Muslim countries. A number of definitions of Sukuk have been proposed by researchers and scholars. Sukuk can be regarded as a product of Islamic banking that allows the creation of a system of investment that results in profits for the investor and at the same time aims to comply with the Islamic ban on usury. According to the definition proposed by the Academy of International Modern Studies (2009), Sukuk are referred to as trust certificates or as participation securities1. Sukuk are considered to be ideal tools for the management of liquidity. In general terms, Sukuk could be defined as a structure of Islamic banking that provides assets to the investor with a cash flow2. The word Sukuk is an Arabic word which is a plural of the word sak which refers to any financial certificate. The word Sak is a cognate of the English word Cheque. Sukuk are implemented by following a process of securitization which aims to meet the standards of Islamic financing required by the Shariah and by the national laws of Islamic financing. Another definition that sheds light on the issue of profit and risk taking in the issuing of Sukuk had been proposed by Tan Wan Yean (2009) in his research on Islamic banking quotes the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) definition of Sukuk: â€Å"†¦ certificates of equal value representing, after closing subscription, receipt of the value of

Circuit analysis lab Report Example | Topics and Well Written Essays - 750 words

Circuit analysis - Lab Report Example According to ( Sharma)â€Å"Potentiometer also known as pot is generally used in circuits to provide variable resistance or variable voltage†. Here, the transmission of power is possible with DC voltage hence DC ground components are loaded in the software to aid the experiment. The main objective of the study is to understand the relationship between circuit configuration and other components in determining the output of current to the circuit. In the experiment, the main two components are the potentiometer and the LED. For this study, the integral platform is the Multisim software which aids in circuit simulation and designing which in turn gives chance to the researcher to create analyze and optimize circuit board. Here the main objective is to utilize the ideal software like multisim because it helps the experimenter in circuit designing and voltage valuation. The experiment is conducted with the help of Multisim software where circuits in different configuration like parallel, combination and two components are set up. In the first step, the circuit measurements are taken and are fed in to the software. Next through the multisim software, the circuit is constructed. For this purpose, the design layout is used and for the experiment with components the resistor tool section in the software is used. Then the component label is set as R1 and R2 and value is set as 2.2 Kâ„ ¦ and 5.1kâ„ ¦ respectively. Next, the R2 component is arranged vertically by rotating it 90 degree. Then the DC voltage and DC ground components are added in the software with this the component insertion occurs and the sample circuit is showcased in the software space. Further in the experiment the wires are added with voltage value which is 2.1â„ ¦. Then the multimeter is placed above each resistor to gauge the â€Å"voltage drop† and these are called â€Å"XMM1† and â€Å"XMM2† respectively. Later the