Development of Sukuk in the Middle East Research Paper

Advancement of Sukuk in the Middle East - Research Paper Example ure of Sukuk has been presented and created on the grounds that the structure of installment of bond based on western technique isn't permitted or passable in Arabian nations. Sukuk sets up a connection between the arrival and the income from financing of the benefits. The financing if there should be an occurrence of Sukuk is relevant just if there should be an occurrence of recognizable resources. The structure of Sukuk is created so that it gives satisfactory come back to its financial specialists without abusing the standards and guidelines of the Islamic law. There are assortments and various sorts of structure of Sukuk that is related with the basic resource. The most notable and recognizable kind of Sukuk is identified with the halfway responsibility for resource and it likewise incorporates different sorts of securities that is connected or connected with the fractional responsibility for, business, task or speculation. Sukuk can likewise be characterized as the unified offer s that is connected or connected with specific ventures or exceptional speculation. The financial specialist of Sukuk has normal offer that is identified with the interest in the responsibility for resource yet it doesn't speak to or manages the obligation that is owed to the backer of the instrument. During the time of old style change of Islam the idea of Sukuk has gotten from the word check which speaks to or means the record which looks like an agreement or a privilege or commitment that is entered by the gatherings and it has been presented conforming to Shariah. The proof looks like that Sukuk is utilized broadly during the Islamic time frame for moving the budgetary commitments or liabilities that has begun from the exchange and other business exercises. The significance and the need or prerequisite for the utilization of Sukuk has expanded progressively in the point of view of present day Islamic culture and it manages the idea of adaptation of the benefit and it is normally known as securitization of advantage which is accomplished through the procedure of issuance of Sukuk. The potential

Help Stop Bullying Essay Example for Free

Help Stop Bullying Essay A multi year old Massachusetts kid, Carl Joseph Walker-Hoover, hung himself April 6, 2009 on the grounds that he was being insulted day by day for being gay. The mother asked the school to address the issue, yet nothing was ever done about it and now a lady is left child less. That was at any rate the fourth self destruction of a center school matured youngster connected to harassing that year. Most provocation and harassing go unreported. Youngsters are being harassed every single day, yet the inquiry is what ought to be done to stop it? Every single day a kid is being prodded or singled out due to the manner in which they look, act, dress, or on account of what they have faith in. Kids ought not need to be tormented in light of the fact that they dislike every other person. Youngsters ought to have the option to come to class and have a good time and not stress over being singled out. A kid that is being tormented can have numerous issues, for example, low confidence and low fearlessness which could lead them to self destruction. Additionally, kids that are tormented may begin doing inadequately in school or possibly drop out on the grounds that they don't have a sense of security at school. Tormenting actually should be stooped on the grounds that it can leave a youngster truly, inwardly, and intellectually scarred for the remainder of their lives. A few schools state that there is almost no that they can do about tormenting on the grounds that a great deal of harassing begins off of school property. â€Å"Much of today’s tormenting begins on the web, school authorities stated, with the developing utilization of person to person communication sites and mobile phones has prompted better approaches to scare and bother. But since digital tormenting for the most part occurs off-grounds school heads have little recourse† (Nissley 2010). I don't concur with the school region when they state that there is little they can do. Despite the fact that, it might begin on the web, it proceeds or become more awful at the school. All things considered, they have to attempt to accomplish all the more so it can stop all together regardless of where it begins. The arrangement that they think will help quit tormenting is if the teach understudy about it more. Like Nissley (2010) expressed, â€Å"In a model that has been reflected by other school locale over the state, Abington Heights has been taking a shot at instructing understudies as right on time as kindergarten about harassing and their obligation to report it when they see it (p. 1). I believe that it is a great idea to teach the understudies about tormenting and detailing it, yet what is that truly going to do? As we as a whole know a great deal of understudies won't tell since they will be excessively apprehensive. Or on the other hand on the off chance that they do educate they will be minimal done concerning it and they will keep on getting tormented. In this way, their answer would not be successful by any stretch of the imagination. â€Å"Safe to pick up: Embedding against harassing work in schools is the overall enemy of tormenting direction for schools and was propelled in 2007† (teacherNet, 2009, p. 2). It appears that everybody feels that the answer for quit harassing is simply to instruct understudies about it. I believe that it is acceptable that they are attempting to teach understudies about the issue, yet we as a whole realize that it will take more than that to quit harassing. It doesn't make a difference how much data you furnish the understudies with about tormenting, it despite everything will do nothing. Individuals have been attempting to quit tormenting by simply telling understudies it isn't the best activity for a considerable length of time and nothing has changed. As you see, they attempted this arrangement in 2007 and now in 2010 a similar issue is as yet going on. You can make understudies take classes each day about tormenting and there will in any case be youngsters getting harassed. Principals and directors need to rebuff understudies by utilizing more suspensions and require compulsory parent gatherings for the individuals who are harassing others. In the event that the harassing proceeds, it must be managed emphatically. Furthermore, both the kid and parent ought to be considered liable for it. Until individuals begin taking activities of this nature, harassing will always be an issue. I believe that the best way to quit harassing is to really make a law against it. In Massachusetts, they have passed a bill for against harassing. I imagine that is great since the law is included I am certain tormenting will be chopped down on the grounds that the children would not to need to manage the brutal outcomes. â€Å"The bill would deny tormenting at schools and brace down on supposed digital harassing by precluding the utilization of messages, instant messages, web postings, and other electronic intends to make unfriendly school environment† (Gay Lesbians, 2010, p. 16). I additionally accept that it is acceptable that they are requiring the school principals to answer to the harassing to the police, in the event that they accept criminal allegations ought to be sought after. Perhaps now if the understudies realize that they might go to prison they would quit tormenting. It is extraordinary that someone has passed a bill and pays attention to this issue since this has been continuing for a really long time and it is the ideal opportunity for it to stop. Recently there have been numerous different urban communities talking about and making laws about harassing. In New Jersey, they have additionally passed a bill with respect to harassing. â€Å"A law against tormenting in schools which supporters call the nation’s hardest on the grounds that it expects schools to create hostile to badgering programs, was endorsed Monday in New Jersey† (Mulvihill, 2010, pg. ). I accept this is the thing that the schools need with the end goal for harassing to stop. It might take some time for the schools to get all the strategies and projects in the government funded schools, yet it will be justified, despite all the trouble. This law will ideally keep further suicides from occurring because of youngsters being harassed. Possibly it ought to have been stricter laws quite a while back and a great deal of tormenting could have been halted. The province of New Jersey has just passed the law for hostile to harassing shows how it will eliminate a great deal of tormenting. There was at that point an enemy of tormenting law in 2002, however it was not necessitated that schools set up against harassing programs. The new bill is professed to be one of the hardest enemy of harassing charge that there is. They are going hard and fast the best approach to ensure understudies won't get harassed. They are in any event, causing instructors to get preparing to help to bulling. Like Julie Bolcer (2010) expressed, ‘’ The measure would required preparing for most state funded school workers on the most proficient method to spot bulling and order that all locale from ‘school wellbeing teams’ survey protests, detailed The Star †Ledger . Administrator would need to report episodes of purchasing to the state leading group of training, which would review schools and areas on their endeavors to battle it ‘’ (pg. 1). I imagine that it is to quit bulling on the grounds that this is an intense issue. Be that as it may, presently that there are such cruel laws against it, I realize the rates will go down a ton. Harassing is something that has been around for a very long time, yet nobody has ever appeared to locate the correct answer for it. Many state there isn't a great deal that should be possible to quit bulling in light of the fact that it begins school property; I absolutely isagree with that. While you have others that imagine that just by educating understudies regarding will stop it, which we as a whole know won't. I feel that the main way bulling will stop is on the off chance that they give brutal disciplines and let the domineering jerks realize that isn't a joke. Despite the fact that, there have be en numerous endeavors to quit bulling, I believe that they have at last discovered an answer which is by making an intense enemy of bulling law. On the off chance that a kid needs to menace somebody, at that point they should manage the law and endure the outcomes.

The Ultimate Guide to Service Design

The Ultimate Guide to Service Design Today’s service industry is all about creating better value and experience for users and improving their quality of life. Service Design is an emerging field that is helping service designers and managers in designing and delivering better services to their customers. As opposed to the traditional ways, technological developments improved products and services while also increasing customers’ expectations. Today’s customers demand products and services to not only perform their basic function but also go beyond that and enthrall them. © Shutterstock.com | ImageFlowIn this article, we will cover 1) what is service design, 2) the benefits of service design, and 3) a step-by-step process for service design.WHAT IS SERVICE DESIGN?Lots of metaphors are used to define Service Design. Service design is a roadmap comprising the steps and processes a customer of a service will undertake when using it. The Spider EU project defines it as a ‘journey’ that a user or customer will embark upon to go through a service. DIY Service Design, the toolkit, defines service design as “finding the most elegant way to help someone to do something.”NI Business Info defines that the ultimate benefit of Service Design is not to improve upon aesthetical outlook of a product or service but to improve its operability and efficiency. Service design is a brainstorming procedure that brings together the design, web design, product design, graphic design, and business departments, such as consumer research, customer services, sales, marke ting, together for deconstructing the user’s interaction and experience with a product and service and reconstructing it for betterment. One needs to envision and understand each step and how it would look and feel like to the customer, so that the service can be improved in the most creative way.A Combination of Creativity and PracticalityService Design is not just a logical and analytical approach towards improvement of a service but also a creative and innovative approach of doing things to set a product or service apart. James Rock, the managing director and chief business designer of  Cultivar Consulting Limited, describes Service Design as a right-brain creative thinking and artistic process and not just cut and dried engineering. The Service Design process consists of intensive research and surveys as well as creative and visual content like storyboards, role plays and personas. It means viewing your own service from the outlook of your customer and walking in his/her shoes . Thus, Service Design is a science as well as an art.BENEFITS OF SERVICE DESIGNService Design ensures that the service actually gets used by users in the intended way and creates positive experiences, thus minimizing the need for costly and lengthy customer services. Engaging in a service design process benefits an organization in several ways:Improves SalesThe application of the service design structure helps a business to understand the customers’ needs, demands and expectations, and create solutions in accordance to them. It adds enrichment to the customer’s experience and creates value for them. Customers’ positive interaction with the product or service means their retention and ultimately greater success and profitability for the business.Creates LoyaltyThe ultimate challenge for businesses in today’s competition driven era is not just attracting new clients but also retaining them in the long run. With availability of a wide range of service options, customers can sw itch services and brands very easily and thus are spoilt for choice. So enterprises have to look for ways to make their service or product distinct from their competition. Service design allows businesses to understand what customers are looking for and expecting from a service. They can then make their offerings adaptable and better suited to those needs. This vintage point can help them stand apart from their competition and retain their customers’ loyalty.Strengthen the Brand and IdentityThe service design approach allows enterprises to strengthen their brand. The service design process helps service managers to progress from the known to the unknown. It consists of the basic and yet critical evaluation of how the new envisaged product or service fits into the overall image and objectives of the company. Thus, the process helps an organization to stay true to its image and reaffirm its brand and stop it from steering away from its core values and objectives while offering a new service. Service design puts a brand to work, unlock its hidden potentials, and create and deliver value to the customers.Improve EfficiencyCreative and imaginative steps involved in the service design process help firms improving the efficiency of their employees and procedures. It helps in elimination of wastage and allows team members to pinpoint areas where there is a resource drain or a bottleneck. Service design blueprints help businesses locate problematic areas and potential failure points and rectify them before hand. Engaging teams in the service design procedure allows them to envision the bigger picture and situate their role in it. It helps them understand why change and innovation is necessary in what they are offering and how they are offering it.Reduce RedundanciesEnvisioning the whole cycle of the service design process allows companies to take a bird’s eye view of their service and remove duplicative segments. It helps managers pinpoint where services might be c onverging or overlapping and it can help them straighten them out before hand. This way inconsistencies and ambiguities can be discovered within the process on and can be rectified. The process of elimination of redundancies conserves energy, improves staff’s efficiency and reduces costs.SERVICE DESIGN â€" A STEP-WISE PROCESS This process can be a fairly simple and straightforward one or a complex one with several converging and diverging points. Breaking down the entire process into steps, tracing and retracing your step backwards and forwards and around different areas of the service ensures that even the minutest details are covered, steps are thought through, problems are identified and rectified, promises are set, service is delivered, and expectations are met.Step 1: Align Vision and GoalThis step is the starting point of a service design process. It decides how the service fits into the strategy of the company. A project may run too far ahead of the company due to ambitious working and innovations, and comparing them with the company’s vision statement and core goals can help the project team realign the service with the company’s desired outcomes. Here is how you can align a service with the company’s image and values:Situate a product or service in the overall vision statement of the compan y.Think of ways how designing a service supports the company’s goals in the best possible manner.Step 2: BrainstormThe next step is to place a creative and hard working team to sustain this vision and provide it a common space to work together, brainstorm and share ideas. Coming with ideas is easy and hundreds of ideas can be generated in very little time; however, execution tests the practicality of an idea. Solid, workable, and practical ideas tend to get buried under the rubble of the mediocre ones. Here are a few brainstorming tips to ensure that a good idea doesn’t go to waste:Allow everyone to pitch ideas during the brainstorming session and participate equally in the service design process.The Spider Project has an idea selection tool called ‘Ideation’ on its website through which the generated ideas can be sorted into the following broad categories i.e.,Ideas those are unworkable, absurd, and unrealistic.Ideas that are good but not workable or achievable at the momen t; they can be saved and used for later.Ideas that are original and will make a difference.Ideas that are ordinary but should be included so as to achieve the minimum service standard.Write down, act out and discuss ideas. Legal Design Tools website defines the brainstorming stage of the design service process as a way of getting ideas out of one’s head and out in the open. This way practical ideas will automatically get sifted from the impractical and absurd ones. It further recommends borrowing ideas liberally from sources to improve them further.The “Diabetics Away Morning” is an example of a project that employed the above-mentioned ideation ways. A workshop was held with stakeholders and they were asked to give presentations and tell personal experiences through narrations. The designers onboard gathered ideas from the presentation and developed them further through discussion. They also illustrated some of the stories told in the workshop. Through these exercises, they c ould develop a process that would mark the users’ journey and develop a service process that could address the challenges the users were facing.Step 3: Conduct a Market AnalysisBefore a new service is launched or an improvement is being made in the existing one, extensive research needs to be done to situate the service in a context. At this step, you and your team can do the following:Analyze the market size, trends and drivers for the service.Understand the ways your envisaged service would address a gap in the existing market.Then try to establish your own service stance i.e., whether you are breaking into a market as a new entrant, improving an existing service to satisfy and retain established customers, challenging your business competitors or willing to coexist with them, or looking for ways to establish yourself as market leaders.Consider the users’ needs for the service and its potential tangible and intangible benefits to the customers, such as savings in terms of cost , gains in terms of quality and convenience.You also have to weigh the pros and cons of launching the service at a certain point in time or not launching it altogether.Step 4: Identify Barriers and LimitationsThis is one of important steps of the service design process as it helps you put your ambitious ideas into the realistic realm.Allow all team members to critically evaluate their own ideas and of others and identify weaknesses and kinks and iron them out. Remember service design is a learning opportunity and not a ground to prove others wrong.Identify the internal and external barriers working against the service implementation. The Spider project encourages identifying the ‘brakes within an organization’ at this stage.Also, set limitations and define boundaries within which you must situate your service.Identify creative ways to work around these barriers and limitations.Here is how the Holstebro Municipality in Denmark responsible for providing meals to the elderly overca me an emotional barrier. During the service design process, it learnt that many senior citizens were embarrassed to have a van titled “HOLSTEBRO MUNICIPAL MEAL SERVICE”  parked outside their homes. Hence, they renamed their service ‘The Good Kitchen’ and experienced great success.Step 5: Establish a User Profile/PersonasThis is another critical step of the service design process. You must have spent lots of time and energy into your design process and think about the service, your organization’s aspirations and expectations from the service but you must answer the most important question: Who are the users of this service and how will they use it, and what are their expectations. An example of this step is a social work project titled ‘Social Inclusion of Seniors in Urban Centers’ conducted in Belgium. The service designers utilized creative techniques such as the “lotus blossom” and different “personas” (Spider Project Tool) to get an insight into the senior c itizens’ needs, values and desires. Service designer and managers have to learn to step out of their own paradigm and think of the service from the users’ perspective in order to make it user friendly. Here is how you should go about this step:Develop different types of fictitious personas or user profiles of your users.Think about what your users do; where do they live; what do they do, etc; and endow them character traits accordingly.List down the users’ possible motives in using your service when they have other options.Step 6: Prototype and TestThis important step provides a creative, quick and inexpensive way of testing service ideas. It gives quick insights into what works and doesn’t. The Design Gym and Service Design Tools recommend the use of storyboards, hand-sketched screens and improvised props to facilitate the process. For instance, the UK based Lewisham Housing Options project developed as many as three prototypes during their service design process.You can te st prototypes of a service on your employees as well as engage a few real users. Here is how you should go about it:Create mockups to create something as close as possible to the real environment.Define the contact points at which the users will come across your service.Develop a stepwise procedure of how they will interact with your service.Step 7: Evaluate Users’ ExperienceCustomers’ interaction with the service leads to users’ experience. This aspect of the service design procedure ensures that the user’s experience with a service is a ‘wow’ moment and certainly not a ‘yuck’ one. It’s all about the feeling a user retain after using the service. This means conducting surveys with users or giving them brief questionnaires. You should focus on two areas:Gather insights from the users about the service features that made the users happy and created moments of delight for them.Inquire the users about the service features, which they found off putting.Probe the users deeper and ask them if the service is:easy to use with no or minimum assistanceuseful for them in getting closer to their goalsvaluable enough for them to desire it and pay money for itClosely investigating customers’ expectations from a service will help service managers improve the service design.Step 8: Get Feedback, Improve the Service, EvolveThe Evolution step is the final phase of the service design process that is from conceptualization towards recommendation. Service Design is a cyclic process and means gathering feedback and feeding it forward. Thus, you should gather all the information that you have learnt from engagement in the above mentioned steps and use it to:Identify gaps and fill them upDefine how you would define your service’s successDevelop metrics to gauge this successFeed the results into your final productDecide if you want to roll out a pilot version of the service or go towards full fledged implementationTwo companies might be offering a similar servic e but ultimately their respective design process will set them apart in terms of how users will experience this service. Better user experience is not just about creation of the best product but how this product is served to the customer. Service design is not just a process to improve a service but a process to touch upon and improve people’s lives.