The Founding Fathers Democratic Reformers - Free Essay Example

Sample details Pages: 3 Words: 930 Downloads: 5 Date added: 2018/12/15 Category History Essay Type Case study Level High school Topics: Government Essay Did you like this example? Based on the views of the two it is clear that they provide it based on whether or not the founding father were democratic reformers at all. Between this two arguments, the young case gives out a more convincing evidence based on the same matter. John p. Don’t waste time! Our writers will create an original "The Founding Fathers Democratic Reformers" essay for you Create order Roche on the other side opposes that the founding fathers were unconditionally and full self-governing reformers and that their starting point created a constitution which was used to subsidy the nation but at the same time it was considered acceptable by the people of the identical nation. Alfred in his views has more accompanying powers and evidence which shows out that the founding fathers were not democratic reformers at all rather they selected their views based on the notion but not radically the constitution. The founding fathers also tried to make this depiction equal based on the council in the two houses. However, the main challenge was on the face paint of the senate which does not approve with this because of the large states and the small countryside of the people in the small states which had the same quantity of illustration. In John p. Roche argument based on the founding father they were the best seemly for their spot as they never gave up in some of the existing suggestion which supports his assertion and which was on the incompatible to the other. Alfred on his views states that the founding fathers were not democratic at all but rather they were there to make their decision which protected their power in a consistent ways and motive. But radically if one bases on the two viewpoints given by the two authors it is evident that the founding fathers were not in fact democratic reformers at any instance as they were wealthy statesmen who worked on time schedule for the best of their interests and in the same manner to save their wealth. Alfred views based on the American Revolution and matters of constitution was put under the military actions which were based on the social media and cultural context. Based on the period of the new observers it is noted that the military leaders such as George Washington used to reinforce some of the strict class hierarchies which were on the continental congress. This congress later came together and joined to write the new nations laws which was overwhelming most of the people who were against the confederation and due to this matter some were left in more powers than they were before the colonies emerged. Once the revolution took powers after the influential of the constitution, most of the Americans assumed that the Indians lands to the west were discharged by soldiers who were not paid at all though the people were rich and devalued currency more than the people and as a result some riots erupted in the process. In Roches views based on the founding father and the facts of confederation it is essentially good for the people and the framing of the constitution to be fairly democratic as the equality is addressed under the state, economic and political interest. Most of his views addressed shows out that the convention was in order to make each and every one happy. To achieve all this partisan equality for all of the citizens it is vibrant that most of the gentle issued were necessary and venerated some changes to those on the constitutional difficulties. According to most of his views he goes again to an extend of saying that most of his frames were in the elite class of people, which had the same interest from the peoples hearts though most of their articles were weak based on the government convention. The state had also some motive of keeping most of the ratification of the constitution which helped them to achieve most of their views in an easy way. In confirmation to this most of the founding fathers were rich as they came from good and wealthy families which were educated. Alfred states that the founding father grounded on the constitution as their own individual experience without deliberation of their past experience which gave an average of the new residents. This views given does not mean that they were selfish on their views but they reflected on the economic interest which was broad on the constitution itself. Most of the arguments given by both of the two were backed up with the information based on the logistic outcome of it. For instance, I do perceive that the founding father were democratic to extend that the constitution did not add value to them. This is due to the facts that most of the minorities were slaves, servants and people without property who are on the verge of the poverty line as this is shown by the constitution which was aimed at the elite class. Again the constitution which was written gave in some economic power to the citizen as they do not consider the government. In conclusion, Most of the people reaction compromise this matters and facts as the constitution between the various disputes does not give the real purpose for the nation to unite but rather creates the market gap for confederation. Still most of their argument had some political nature in it which brought in the conflict on the society. Bibliography Momen, Mehnaaz. American Identity: Ideals versus Illusions. In The Paradox of Citizenship in American Politics, pp. 25-63. Palgrave Macmillan, Cham, 2010. Weyl, Walter E. The New Democracy: An Essay on Certain Political and Economic Tendencies in the United States. Routledge, 2017.

Jane’s Path to Prosperity Essay - 2444 Words

Jane’s Path to Prosperity In The beginning of Jane Eyre, Charlotte Bronte introduces Jane as an orphan girl who is residing at Gateshead with Mrs. Reed and her children. Bronte walks us through the episodes of Jane’s life as she moves to Lowood, Thronfield, Moor House, and finally to Ferndean. Throughout these stages, Bronte will show how charity was depicted through the interactions that Jane had. Through these perspectives we will see that the results of how charity was regarded, based on the nineteenth century concepts and views that Bronte discusses, point out the significance of charity in Jane Eyre. Charlotte’s focus on charity in her novel revolves not only around giving money to orphans, but giving love and care to those in†¦show more content†¦Bronte’s views on charity are first seen through the actions in the Reed household. Jane is an orphan girl left to be taken care of by her uncle. However, her uncle passed away when she was very young and she remains in the custody of the bitter Reeds. The reason as to why they are bitter is because they are greedy and disregard Jane in all they do. In spite of the fact that she is poor and has no family that cares for her, they harass and mock her instead of giving her love and care. From an incident at the beginning of the novel, we can clearly see how Jane is mistreated. When Jane is a girl of about nine years old, we learn that she has an interest in reading books. She feels that reading will allow her to experience some of the excitement in the books considering that she isn’t part of the Reed family and is excluded from everything else that they do. Even by engaging herself with reading some of their books, which were scarcely used by the Reeds, Jane had to be punished for laying hands on their so-called property because in their views, since she’s poor, she’s unfit to touch them. We can see how cruel the Reeds are when John confronts Jane for using their books: You have no business to take our books; you are a dependant, mama says; you have no money: your father left you non; you oughtShow MoreRelatedThe Importance Of Freedom In Charlotte Brontes Jane Eyre1274 Words   |  6 PagesIn the novel Jane Eyre by Charlotte Bronte, the heroine is portrayed as a neglected individual who desperately wishes to learn the skill of escaping the imprisonment of the troubled mind. Literary critic Nina Baym claims that Jane’s goal is to assert her dominance rather than to gain independence. However, in several parts of the novel, Jane is vocal about her desire to make it on her own without the assistance of money, love, or affection. She would rather be freed of any restraints that may holdRead More How the United States Must Handle China and Its Military in the 21st Century4404 Words   |  18 Pagesalso in the interests of the world. In May 2010 the White House released the latest National Security Strategy which advocates an increased interac tion with China. Asia’s dramatic economic growth has increased its connection to America’s future prosperity, and its emerging centers of influence make it increasingly important both economically and militarily. We have taken substantial steps to deepen our engagement in the region, through regional organizations, new dialogues, and high-level diplomacyRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 Pagescontributes to sustainable development by offering better trading conditions to, and securing the rights of, Let’s assume you have been offered a job by Jekyll Corporation, a company in the consumer products industry. The job is in your chosen career path. Jekyll Corporation has offered you a position that would begin 2 weeks after you graduate. The job responsibilities are appealing to you, make good use of your training, and are intrinsically interesting. The company seems well positioned financially

Home Work Free Essays

How did the recession of 2007–2009 compare with other recessions since the Great Depression in terms of length? Ans. It was the longest. This may be close to a perfect storm situation on top of a real estate bust, and a financial bust [crime? ], â€Å"Technology† is a big part of the unemployment situation, and then there’s the world wide normalizing of salary levels – China, India, etc. We will write a custom essay sample on Home Work or any similar topic only for you Order Now up, US down. 2. What effect did the recession of 2007–2009 have on government regulation? It was greatly increased. 3. What advantages does a sole proprietorship offer? What is a major drawback of this type of organization? A sole proprietorship offers the advantage of simplicity of decision-making and low organizational and operating costs. A major drawback is that there is unlimited liability to the owner. 8. Why are institutional investors important in today’s business world? Because institutional investors such as pension funds and mutual funds own a large percentage of major U. S. companies, they are having more to say about the way publicly owned companies are managed. As a group, they have the ability to vote large blocks of shares for the election of a board of directors, which is supposed to run the company in an efficient, competitive manner. The threat of being able to replace poor performing boards of directors makes institutional investors quite influential. Since these institutions, like pension funds and mutual funds, represent individual workers and investors, they have a responsibility to see that the firm is managed in an efficient and ethical way. 9. Why is profit maximization, by itself, an inappropriate goal? What is meant by the goal of maximization of shareholder wealth? The problem with a profit maximization goal is that it fails to take account of risk, the timing of the benefits is not considered, and profit measurement is a very inexact process. The goal of shareholders wealth maximization implies that the firm will attempt to achieve the highest possible total valuation in the marketplace. It is the one overriding objective of the firm and should influence every decision. 10. When does insider trading occur? What government agency is responsible for protecting against the unethical practice of insider trading? Insider trading occurs when anyone with non-public information buys or sells securities to take advantage of that private information. The Securities and Exchange Commission is responsible for protecting markets against insider trading. In the past people have gone to jail for trading on non-public information. This has included company officers, investment bankers, printers who have information before it is publishers and even truck drivers who deliver business magazines and read positive or negative articles about a company before the magazine is on the newsstands and then place trades or have friends place trades based on that information. The SEC has prosecuted anyone who profits from inside information. Every decision 12. What is the difference between a primary and a secondary market? A primary market refers to the use of the financial markets to raise new funds for the corporation. After the securities are sold to the public (institutions and individuals), they trade in the secondary market between investors. It is in the secondary market that prices are continually changing as investors buy and sell securities based on the expectations of corporate prospects. 13. Assume you are looking at many companies with equal risk; which ones will have the highest stock prices? Given companies with equal risk, those companies with expectations of high return will have higher common stock prices relative to those companies with expectations of poor returns. Chapter 2 1. Discuss some financial variables that affect the price-earnings ratio. The price-earnings ratio will be influenced by the earnings and sales growth of the firm, the risk or volatility in performance, the debt-equity structure of the firm, the dividend payment policy, the quality of management, and a number of other factors. The ratio tends to be future-oriented, and the more positive the outlook, the higher it will be. 2. What is the difference between book value per share of common stock and market value per share? Why does this disparity occur? Book value per share is arrived at by taking the cost of the assets and subtracting out liabilities and preferred stock and dividing by the number of common shares outstanding. It is based on the historical cost of the assets. Market value per share is based on current assessed value of the firm in the marketplace and may bear little relationship to original cost. Besides the disparity between book and market value caused by the historical cost approach, other contributing factors are the growth prospects for the firm, the quality of management, and the industry outlook. To the extent, these are quite negative or positive; market value may differ widely from book value. 5. How is the income statement related to the balance sheet? The earnings (less dividends) reported in the income statement is transferred to the ownership section of the balance sheet as retained earnings. Thus, what we earn in the income statement becomes part of the ownership interest in the balance sheet. 6. Comment on why inflation may restrict the usefulness of the balance sheet as normally presented. The balance sheet is based on historical costs. When prices are rising rapidly, historical cost data may lose much of their meaning–particularly for plant and equipment and inventory. 10. Why is interest expense said to cost the firm substantially less than the actual expense, while dividends cost it 100 percent of the outlay? Interest expense is a tax-deductible item to the corporation, while dividend payments are not. The net cost to the corporation of interest expense is the amount paid multiplied by the difference of one minus the applicable tax rate. For example, $100 of interest expense costs the company $65 after taxes when the corporate tax rate is 35 percent; for example, $100 ? (1 – . 35) = $65. Problems Q5. Sales -Cost of goods sold Gross profit -Selling and administrative expense -Depreciation expense Operating profit -Interest expense Earnings before taxes Taxes Earnings after taxes -Preferred stock dividends Earnings available to common stockholders Shares outstanding Earnings per share Q11. Stein Books, Inc. Income Statement For the year ended Dec. 31 2010 Sales$273,000 Cost of goods sold$210,000 Gross profit= 63,000 SA expenses -12,000 Depreciation expense -15,000 Operating profit =36,000 Interest Expense -10,000 Earnings before taxes = 26,000 Taxes -7,800 Earnings after taxes = 18,2 00 Q18. (a) Compute earnings per share and the P/E ratio for 2009. The P/E ratio equals the stock price divided by the earnings per share. 280,000 / 200,000 = $1. 40 EPS 30. 80 / 1. 40 = 22 P/E ratio (b) Compute earnings per share and the P/E ratio for 2010. 320,000 /200,000 = $1. 60 EPS 40 / 1. 60 = 25 P/E ratio (c) Give a general explanation of why the P/E ratio changed. The market price of the stock increased at a higher rate than earnings. Second part: From the problem above, assume for Botox Facial Care that in 2011, Earnings after taxes declined to $140,000 with the same $200,000 shares outstanding. The stock price declined to $24. 50. a. Compute earnings per share and the P/E ratio for 2011. 140,000 / 200,000 = $0. 70 EPS 24. 50 / 0. 70 = 35 b. Give a general explanation of why the P/E changed. Earnings decreased at a higher rate than the market price of the stock. Q. 23. Landers Nursery and Garden Stores Current assets$220,000 Capital/Fixed assets $170,000 Total assets $390,000 – Current liabilities $80,000 – Long-term liabilities 140,000 Shareholders’ equity 170,000 – Preferred stock obligation 40,000 Net worth assigned to common 130,000 Common shares outstanding 25,000 Book value (net worth) per share†¦ $5. 20 How to cite Home Work, Papers

Changes And Development Of ABC Hotels †MyAssignmenthelp.com

Question: Discuss about the Change And Development Of ABC Hotels. Answer: Introduction ABC Groups of hotels is a chain of hotel based in Australia that was founded in 1987. The hotel was initially a 3-star hotel that had around 25 rooms and later on expanded to 45 rooms and introduced new services and amenities that helped it in falling under the 5-star hotel category. In 1996, the hotel started to expand its business operations by opening new branches in different parts of Australia. At present, the chain of hotel has around 32 5-hotels in different parts of Australia and is emerging as an industrial leader because of the services and amenities that it offers to its clients. The change program at ABC Hotels In the past few months, the hotel group had noticed a steep rise in the number of guests that check into their hotels, which was having an effect on the management of the company. Due to holiday seasons and too many check-ins and check-outs, the management was not being able to cope up with the high demand and the customers were made to wait for a couple of hours before they could be allotted a room. To to upscale the quality of services, ABC Groups of hotels took an initiative so that it could digitise the check-in and checkout system. Digitising the check-in and check-out process could help the hotel group to avoid cases where the guests were made to wait for hours before the house keeping staff to get their rooms ready so that they could check-in into their rooms. To ensure even better services, the hotel group has planned to implement an ERP Business suite that will be especially designed to make the process of check-ins and check-outs much faster. The ERP business suite was supp osed to: Keep a track of new hotel bookings and compare them with the existing bookings to send confirmation to the clients and allocate them their room numbers in real time. To send regular reminders to the housekeeping staff about upcoming check-ins and check-outs To keep the guests informed about the status and availability of their room through text messages or status updates on the official application To ensure that there is an appropriate time window for the housekeeping staff to prepare the rooms for the new guests after the guests check out. To achieve perfection in its objectives, the hotel management thought that it would implement an ERP Business suite and would make its housekeeping staff undergo extensive training and development sessions so that they could learn how to use the new software and use it efficiently to manage the check in and check out processes. The company also decided that it would test its plan by initially implementing the change program at the Sydney franchise of the ABC Hotel. Reflective Writing Luckily, I was working as a part of the housekeeping team in ABC Hotel, Sydney, when the company decided to implement a change program in our hotel. We, as a team, were aware of the fact that the increase in demand for our services had disturbed the smoothness of our operations to some extent and that the senior level management was trying to come up with a solution to the ongoing problems but the change program came as a complete surprise to use and also to some of the top officials of our hotel. The change management program implemented by the management of the hotel greatly helped me in gaining a better insight into the process of change management and certain important challenges that can be faced by the managers while trying to implement an organisational change. During the implementation of the change program in ABC Hotel, an important issue, according to me, which had an impact on the stakeholders involved was the communication of change and lack of motivation. Lack of communication and motivation amongst the staff members Due to globalisation, the business world has become highly competitive and complex. Business organisations are now vulnerable to a number of internal and external environment factors that can undergo changes in real time. In order to survive in the market, business organisations have to continuously implement workplace changes that can help them in competing with the market trends. It is often said that change is the only constant thing but it is never easy to implement changes in the workplace without proper communication and motivation. Contemporary business organisations are facing a number of issues related to change management and resistance to change is one of the main issues behind the failure of change management programs. Resistance to change is the behaviour or the action that the stakeholders demonstrate when they become aware of an upcoming change, which might pose a threat to their work lives and routine (changingminds.org, n.d.). Though resistance to change can occur due to a number of reasons, lack of proper communication channels and the inability of the senior level management to keep the employees motivated are two prime reasons that give rise to resistance to change. Lack of communication instils fear in the mind of the employees and they are more likely to perceive a change as a threat to their work lives. on the other hand, the inability of the managers to keep the workers motivated to accept the change and demonstrate a change in behaviour also reduces employee morale and they become more likely to resist the changes being planned for their betterment. Personal experience As discussed above, I got to be a part of the change management program that the management of ABC Hotel had planned to implement, which gave me an opportunity to gain a deeper insight into the process of change management and the issue of lack of communication and motivation associated with it. Though the workforce was aware about the prevailing problems in the hotel i.e. delays in check ins and check outs, but none of us had thought of such a large scale change program upcoming for the entire housekeeping staff. The decision of implementing a technological solution to deal with the problem was a complete surprise to the entire hotel workforce and the fact that the housekeeping staff will have to undergo training and development to operate the new technology made the situation even more complex. I could clearly notice that the senior management had committed a blunder in the very first step of the change management process as it failed to communicate the change in an appropriate manner. The information regarding the change program started taking rounds as a rumour and had already created a fear in the minds of those employees who were going to be affected as a result of the change program. The workforce started creating panic when the information was officially approved bec ause it had no idea about the change in their roles and responsibilities that would result due to the changes being planned for the workplace. I could feel a lot of negativity in the minds of my co-workers because they had developed a fear of the unknown in their minds and the failure of the management to communicate the change program to them was demotivating for the entire workforce. As a result, we ended up resisting the change, which posed a great challenge to the managers of the organisation and prevented them from successfully implementing the change in the workplace. The failure of the management to properly communicate with the employees and to keep them motivated did not go well as the management ended up wasting a lot of its importance resources and time. Further, the change program was not successfully implemented and the productivity and efficiency of the staff also got hindered. Therefore, the change program initiated by the ABC Hotel was very helpful for me as it made me realise the importance of communication and motivation when change programs are being implemented in the workplace. Effect of change program on my learning I had heard a lot about workplace changes, resistance to workplace and also that implementing changes in the workplace is not an easy task. It was only during my job at ABC Hotel that I realised the difficulty that the managers as well as the workforce faces while change programs are being planned and designed for a workplace. It helped me in learning the importance of communication and motivation in change management programs. I was keen on knowing the reasons for the failure of the initiative, so I started researching and found some interested change management models that helped me in gaining a better understanding of the entire process and the strategies. that the company could have used to successfully implement the desired changes. One such model that greatly grabbed my interest was William Bridges transition model. The model was developed by William Bridges and was published in 1991. The strength of this model lies in the fact that it stresses more upon transition rather than stressing upon change. The model defines three different stages in the process of transition. These stages are: Ending, losing, and letting go The neutral zone The new beginning In the first stage, the people who are likely to get affected by the change will show resistance to the change because of fear, anger, sadness, frustration, etc. it is important for the managers to accept the resistance shown by people, find its root cause and eliminate it in order to make a positive progress (Mindtools, n.d.). Communicating with the people is of utmost importance in this stage. In the second stage, the people who are likely to get affected by the change are often confused, uncertain and impatient. Even though they offer lesser resistance to change, they are more likely to feel higher workload as they have to cope-up with the new systems and technology. In this stage, the employees might demonstrate anxiety, low morale, low productivity, etc. (Bridges Mitchell, n.d.) In this stage, the managers or the change agents should ensure that they are able to keep the employees engaged and are able to keep the motivated to make a transition from one stage to another. In the third or the final stage, people are likely to start accepting the changes. They start to demonstrate a change in their behaviour. In this stage, it is important for the managers to reinforce the changes that they have been able to achieve so far by rewarding and appreciating those people who show a change in their work and behaviour. After studying the above model, I got a greater clarity of the entire change management procedure that was adopted by ABC Hotel and I was able to pin point the reasons of failure of the program. The management did not prepare adequately for the change implementation and offered no support to the people involved in any stage. In the very first stage where the employees were supposed to be angry, frustrated, etc. the management did not communicate properly with them. Even if some of the people were able to make a progress to the second stage, the lack of motivation prevented them from accepting the change and nobody was able to enter the third stage at all. As a result, the change management program failed and the productivity and efficiency of the hotel also suffered as a result of it. Conclusion Change management is one of the toughest processes that business organisations have to go through and also for the managers who have to implement changes in the workplace. Workplace changes are a necessary evil, which have helped many companies in becoming more competitive while the failure of change management programs have also thrown a number of industrial leaders entirely out of the competition. From my experience, I learned that the management and implementation of change is easier said than done. The change models designed by the pioneers of the subject, which are available to us from the past, should definitely be used before designing and implementing workplace changes so that the chances of success can be enhanced. References changingminds.org, n.d. Resistance to Change. [Online] Available at: https://changingminds.org/disciplines/change_management/resistance_change/resistance_change.htm[Accessed 15 September 2017]. Bridges, W. Mitchell, S., n.d. Leading Transition: A New Model for Change. [Online] Available at: https://www.crowe-associates.co.uk/wp-content/uploads/2013/08/WilliamBridgesTransitionandChangeModel.pdf [Accessed 15 September 2017]. Mindtools, n.d. Bridges' Transition Model. [Online] Available at: https://www.mindtools.com/pages/article/bridges-transition-model.htm [Accessed 15 September 2017].

Memoirs of a Geisha Analysis free essay sample

The main characters,Chiyo and Satsu, were taken to Kyoto with a promise of a better life compared to the life they have at the village but they only ended up in an okiya and a prostitution house, respectively. Hatsumomo maltreats Chiyo because she foresees that someday, Chiyo will achieve more than what she did in her lifetime. Hatsumomo held Chiyo responsible for stealing her brooch although it was a lie so that she will be more favored. Mameha purposely wounded Sayuris thigh so she can ain Dr. Crabs loyalty and influence. Hatsumomo and Pumpkin followed Mameha and Sayuri to steal the attention of their customers. The Baron offers Sayuri a kimono privately then molests her so he can fulfill his needs. Mrs. Nitta sells Sayuris mizuage ritual to Dr. Crab since it will cause her to get more money. Pumpkin betrayed Sayuri in order to get the latters customers. We will write a custom essay sample on Memoirs of a Geisha Analysis or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page All these circumstances leads to prove that greed is the root cause of the abuse of rights. For example, when Chiyo and Satsu were brought to Kyoto, it was without their knowledge and consent, meaning, their right to know what is happening and to decide is robbed from them. Another circumstance is when Mrs. Nitta sold Sayuris mizuage ritual to Dr. Crab Just to get the money she wanted. In this certain scene, Sayuri was again removed of her right to make decisions for herself. Thus leading to the conclusion that greed is the main cause of the abuse of human rights.

Digging and Early Purges Essay Example

Digging and Early Purges Essay Example Digging and Early Purges Paper Digging and Early Purges Paper Essay Topic: Poetry Seamus Heaney Poems For the Diverse Cultures assignment, I have studied pieces by Seamus Heaney. These include Digging and Early Purges. All the poems relate back to his young life in Limavady in the County of Derry, Northern Ireland. When Heaney was young, he wanted to follow in his fathers and grandfathers footsteps of being farmers. Not just that, but being the eldest child in his family, he was expected to. Instead however, he turned his back on his familys great tradition, and decided to become a writer instead. As said, Heaney did want to become a farmer, this was expressed in the poem Follower, where he describes the way his father used to plough fields. The title itself shows there was once an ambition to follow. Furthermore, the pride that Heaney expresses in his familys age-old tradition is articulated in the poem Digging: By God, the old man could handle a spade. Just like his old man. He goes on to describe that his grandfather was the finest turf-cutter on Toners bog. His chosen option not to follow rural convention created an entirely diverse world for Heaney. The fact that he went to a boarding school in a city (St. Columbs college) would be enough of a culture shock. There were no kittens being drowned, as described in Early Purges, here. That type of thing was seen as inhumane, but to him, a simple farmers son, it was seen as necessary. That was the type of differentiation he experienced. As I stated earlier, Heaneys poems all relate back to his younger, adolescent life. In the poem Early purges, he describes young kittens being drown on the farm, which was, and still is, quite commonplace in some rural areas of Ireland. Many see this as barbaric, but coming from an Irish, farming family myself, I can understand their reasons for doing this, which Heaney also later realised. His maturity is shown when he says using hindsight And now, when shrill pups are prodded to drown, I just shrug, Bloody pups . That poem was very sad, and I get a feeling of sadness from all his poems at some point. For instance, even in a seemingly happy poem, Blackberry picking, a poem recalling the habitual picking of ripened and inked up berries, the element of the (inevitable, with Heaney) sadness comes where the somewhat foolish children forget about the berries and leave them to rot in the byre, something which happened every year. There is no clearer depiction of an Irish, Catholic background than that found in Half-term break, where Heaney is taken from boarding school to find out his four-year-old brother is dead. The traditional wake is described in this poem, something that is uniquely Irish. He says old men standing up to shake my hand and tell me they were sorry for my trouble'. I have a perfect picture of this in my head as I have been to a few wakes. I can even imagine the whispers circling the room in the colloquial, sharp, Derry accent. After reading through his poems that relate to farming, I get the feeling that he regretted not following the tradition which so many families in the area of rural Northern Ireland had. Although I cannot substantiate this statement with any apparent evidence I think he felt somewhat disloyal to his roots and to his father. The poem Digging, Heaney takes time to intricately describe the way his father digging and cutting turf. The language that Heaney uses is extremely simple and colloquial. The majority of words are only one or two syllable and this makes the writing very accessible and uncomplicated. This is much the same as other pieces by Heaney. This sharp language is typical of the local tongue of Northern Ireland and Derry in particular. Having been to the region several times I cannot only imagine Heaneys style of speaking, but I can picture a farmer Nicking and slicing on the local bog. As said, Heaney tries to carefully convey the picture and the skill of his father. He uses onomatopoeias to appeal to our auditory senses. He also carefully describes his fathers and his grandfathers methods with great knowledge of what they were doing, thus showing his familys tradition being passed down. The first and final sentences are basically the same, with the repetition of Between my finger and my thumb the squat pen rests, snug as a gun. Heaney then ends with Ill dig with it. I think this means he will make his life out in a different way to his father, instead of using a spade; he will use a pen to make his way. In the poem The Early Purges, Seamus Heaney tries to describe the habitual drowning of small kittens. Again, he tries to use sensory language to appeal more and give the reader a better personal depiction of events. For instance, when describing the kittens, just after their death he quite vividly says, Like wet gloves they bobbed and shone tell he sluiced them out on the dunghill, glossy and dead. He goes onto say watching the three sogged remains turn mealy and crisp as old summer dung. This is very graphic writing, and some could say, quite disturbing. I personally think it adds to the atmosphere of the poem. I think that the up until the final two verses, Heaneys outlook is that of a young boy, who doesnt understand why something so cruel should happen. Heaney then shows his maturity by showing his understanding that the kittens, or pests as they and other such animals were collectively known, basically had to be removed. The language used by Heaney also expresses the fact that little was thought of these so-called nuisances. He says they are slung and Dan Taggart describes them as scraggy wee shits. This shows the way people who owned farms perceived the killings, which was a stark contrast to those in urban communities. Blackberry picking is a poem about Heaney blackberry picking in the late August summer. Once again, Heaney vividly describes what happens, appealing to our senses. He talks about berries inking up and describes the different colours and there texture. The overall look of the poem is he and his accomplices hunting their treasure. He makes references to the famous, murderous pirate, Bluebeard, who killed his wives and had his hands covered in their blood. Our hands were peppered with thorn pricks, our palms sticky as Bluebeards. The poem shows the innocence of childhood, where the centre of attention and prized possessions change so quickly. This is echoed by the fact that after so much anticipation and eagerness to find the berries, they simply forget about them and leave them to go stale, much to Heaneys disappointment when he remembers about them and finds that they have started to rot and smell. Heaney did this for many years in a row as the final sentence says, I always felt like crying. It wasnt fair that all the lovely canfuls smelt of rot. Each year I hoped theyd keep, knew they would not. The final poem, which I am going to analyse, is called Mid-term break which is a sad poem about the death of Seamus Heaneys brother. I find that Heaney reveals very little about his brother (there is no mention of a name), the way he died (there is only a vague mention of a bumper, which might connote he was hit by a car) and his own, private emotions and how hard the death of his brother hit him. I get the Heaney is locking this up deep inside him in this poem. The Irish wake is a big part of this poem and it shows how people react to a death, especially that of someone in their immediate family. For instance Heaney saw a no doubt different side to his father, In the porch I met my father crying he had always taken funerals in his stride. The language used in this poem is quite descriptive, although not as much as the previous poems I covered. Heaney, however, vividly describes the room in which his brother is in, Snowdrops and candles soothed the bedside. He goes on to say, I saw him for the first time in six weeks. Paler now wearing a poppy bruise. I think the poppy reference is to do with the fact that it relates to death, along with the earlier line Counting bells knelling classes to a close, where knell relates to death. As with most of Heaneys poems, the final sentence leaves its mark and stands out more than other lines, No gaudy scars, the bumper knocked him clear. A four-foot box, a foot for every year. This is the only line that rhymes in the entire poem, which I think, brings more emphasis to it.

Results Based Leadership Essay Example | Topics and Well Written Essays - 750 words

Results Based Leadership - Essay Example al traits like character knowledge and values, but by using the conventional wisdom that leaders use to connect the their attributes and results, it is possible to know an effective leader. Effective leaders in all organizations try to accomplish results, which will benefit employees, the organization, customers and investors of the business. Leaders need to have a vision, inspire workers and others, and work with integrity just to name a few attributes that everyone agrees a leader should have. However, effective leadership will connect these leadership attributes with results, which are the outcomes of outstanding leadership. If leaders do not clarify the outcomes they expect, there will be no measurement of success or failure in operations, and this undermines the effectiveness and profitability of the business. Effective leaders need to focus on results to ensure that they understand the impact their decisions and development strategies have on the stakeholders of their business. For a business to be successful in the competitive market, it has to provide benefit to its stakeholders so that they can be able to help the business grow. Leadership attributes are of importance to a business, as they will dictate how the organization deals with the stakeholders. Having a vision will enable the business to attract customers and investors since they will be confident that their needs will be met. Authenticity of the leader will assure the outside world that they can trust the business, and this improves the image of the business. The leader also needs to be knowledgeable and have the skills of ensuring that there is a proper link up between attributes and results since the proper mix of the two determines if the leader knows and delivers the expectations of the stakeholders of the business. Result based leadership meets the expectations of the customer by answering questions such as; who are the targeted customers? Why do they buy the company’s products? How can

Warehousing and Inventory Management Essay Example | Topics and Well Written Essays - 3000 words - 1

Warehousing and Inventory Management - Essay Example Proper inventory management helps increase operational efficiency across businesses, improve customer service, and reduce inventory & distribution costs. The inventory management system and inventory control process provide information to manage the flow of materials efficiently, utilize people and equipment effectively, co-ordinate internal activities, and communicate with customers. Inventory management does not make decisions or manage operations; they provide information to managers who make more accurate and timely decisions to manage their operations. Inventory management must be designed to meet the dictates of the market place and support the company’s strategic plan. The inventory management approach should be updated according to the changes in market demand, new opportunities due to world wide marketing, global sourcing of materials, and new manufacturing technologies. According to Smith (1998 ), the primary finite resource of a warehouse is space. The planning of this key physical factor is very important for the operating efficiency of the warehouse. To meet the objectives of warehouse, proper planning of warehouse space and layout requirements is imperative. The most important functions of a warehouse occur on the receiving and shipping docks where the control of merchandise is transferred, whether products are brought into the warehouse or taken from it. An important prerequisite of efficient, safe and accurate receiving and shipping activities is enough space in which to perform them. Let us review the following critical factors for determining warehouse space and layout planning: i) Staging Area: - The majority of warehouses require a staging area directly behind the dock maneuvering aisle. The staging area for receiving acts as an immediate depository for materials unloaded from the carrier. This area serves as an accumulation point for the merchandise that

Communication in Conflict Case Study Example | Topics and Well Written Essays - 250 words

Communication in Conflict - Case Study Example Such conflicts make the employees enter into trouble with the management or higher officials. They may go on strikes or do other sorts of protests. Major conflicts occur when, for example, employees experience gender discrimination, work overload, forced overtime, short deadlines, and no opportunities for promotion, reward or compensation. Communication in conflict is of two kinds, according to Bacal (14): cooperative communication and conflict-provoking communication. Cooperative communication tends to avoid or settle a conflict to â€Å"put an end to it in an effective way† (Bacal 15). On the other hand, in conflict-provoking communication, more energy is spent in resisting to the â€Å"form of the communication, rather than the content† (Bacal 15). In short, it is impossible to hold good working relationship at the workplace when there is not a proper communication platform shared by all employees and the management. It is obligatory for the management to solve confl icts like power struggle, gender discrimination and other employees’ issues through effective communication, if the objective is to achieve organizational goals with good productivity and high performance. Works Cited Cahn, Dudley D., and Ruth Anna Abigail. Managing Conflict through Communication (3rd ed.).

A Stars Life And Death Sciences Essay

A Stars Life And Death Sciences Essay When we look in the sky at night and see all the stars your eyes can see. We think they are permanent although we may think this technology has given us the chance to see otherwise. Massive telescopes like the Hubble space telescope has let us experience and see the birth and death of stars. Where some stars just burn out and fade away other stars go out with a bang. There are billions upon billions of starts in space and their all different sizes. But only one type of star will collapse in and turn its self into a black hole. A protostar: Lets start from the beginning, the pillars of creation is a piece of a space nebula 7,000 light years away from earth in the eagle nebula it is just one of the billion birth places of stars. What are they made up of well Ill tell you they are made up of dust gas and different elements of the periodic table like hydrogen, helium, calcium oxygen silicone and iron. As gravity forces this dust and gas mixture into a flat disc accretion occurs, a process in which more atoms are added to create a protostar. Now at this stage a star is not yet stable because of the countless reactions occurring within the forming star. For this newly forming star to become stable it must reach equilibrium. Equilibrium is the balancing act between the star and gravity. Equilibrium occurs by gas pressure equaling the force of gravity. Gas pressure occurs by thermonuclear fusion which is the combining of the nuclei of small atoms to form the nuclei of larger ones, with a resulting release of large quantities of energy. For nuclear fusion to begin and equilibrium to occur the core of a protostar has to reach 18 million degrees Fahrenheit. When it reaches this critical temperature it will begin nuclear fusion of hydrogen into helium. And if nuclear fusion doesnt happen it will end up a brown dwarf. Once nuclear fusion begins a star is born. Main sequence star: A main sequence star is made up of essentially two sections the core where nuclear fusion occurs and the outer gaseous shell. Stars will live out most of their life in the main sequence just as our sun is. Once a star begins nuclear fusion it becomes self luminous it generates its own heat. Now how long will a star live out its life well thats hard to tell it all depends on the stars mass and it turns out that how hot a star is will determine the color of the star like for instance a red dwarf star which is  ½ to 1/10 the mass of our sun. With its surface temperature less than 7,000 degrees Fahrenheit and is also the most common type of star in the universe. However we dont see the small Red stars we see the massive blue main sequence star, its surface temperature is 45,000 degrees Fahrenheit, it is up to 20 times the mass of the sun and up to 10,000 times more luminous than that of our sun. There is however a down side to being a massive blue star. With that being said the less th e mass of a star the less atoms a star has to maintain its equilibrium. The bigger the mass of a star the more atoms a star will have to maintain its equilibrium. With regards to a stars life however the more massive a star the shorter its life will be and the less massive a star the longer its life. This is because in larger stars thermonuclear fusion happens at a much faster rate than that of a smaller star. Once a star has reached equilibrium it has not stopped changing there just isnt a huge amount of change going on, and as we already know a star will live out most of its life in this stage. But we must remember gravity forced the star together to begin with and it also wants to destroy it. The beginning of the end: Once a star has run out of hydrogen to convert to helium, the star will begin to contract so that it can begin to convert helium to carbon so that the star can continue to hold up its equilibrium. For a star to convert helium the internal temperature of the star must reach an astounding 180 million degrees Fahrenheit. at this point the star has now become a red giant or red super giant. As gravity causes the core to contract helium will begin to burn in the core. But rapid hydrogen reactions occur faster in the outer layers of the star. As the temperature of the shell increases the outer layers will begin to swell and expand. Since fusion is releasing more energy in the helium burning stage than in the main sequence the star is a lot less stable. As the star begins to run out of helium it will again contract to convert helium to carbon and oxygen into neon then, magnesium, silicone, sulfur and then iron. As massive stars come to the end of their life it begins to look like an onion i n cross section with the outer layer being hydrogen and the inside being layer after lay after layer of heavier elements. As the massive star tries to convert iron it fails because iron being the stable of all nuclei absorbs energy instead of releasing it. When fusion decreases temperature will also decrease. And the rate of the star collapse increases. As the iron core builds up in the star and gravity contracts it even further the iron core will rebound and smash through the outer layers of the sun kicking of a type 2 super nova. The only thing left of the star is the core left completely intact. Gravity still not giving up on destroying this star will contract it even further and force this core of a star to convert electrons to neutrons only one problem neutrons dont like to be near each other. So now you have a new stable object even smaller and denser. This compact star core becomes a rapid whirling ball of neutrons. Which give the star the name neutron star as gravity compact s this neutron star even further and if at the last moments of the neutron stars death enough matter falls in to its core it will collapse into itself and form a black hole in which nothing escapes not even light. So lets recap we have talked about gravity forcing dust and gas together to form a protostar. Also how nuclear fusion is what makes a star a star and for that to happen the core must reach 18 million degrees Fahrenheit. We also went over that as soon as nuclear fusion begins a star is born. As a star comes to the main sequence it will live here for most of its life. But as soon as the star runs out of hydrogen gravity will contract it until it reaches an internal temperature of 180 million degrees Fahrenheit and will burn helium to keep its equilibrium. The sun will also convert carbon and oxygen into neon then, magnesium, silicone, sulfur and then iron trying to fight off gravities crushing force. But it doesnt happen and the iron core in the star will rebound sending of shock waves causing a type 2 supernova. Leaving the left over core intact and allowing gravity to take over again gravity will force the electrons left over in the core to neutrons and now we have a neutron star tha t gravity will compress and if enough matter falls in the core it will eventually collapse in on itself and form a black hole. All information I used in this speech came from the history channels The Universe Life and death of a star. Season 1 episode 10 and also form http://sunshine.chpc.utah.edu life cycle of a star. Picture of brown dwarf star form http://news.discovery.com/space/rogue-brown-dwarf-lurks-in-our-cosmic-neighborhood.html Picture of Red super giant form http://www.nasa.gov/multimedia/imagegallery/image_feature_784.html Picture of black hole destroying to stars if an artists enactments of the destruction of a black hole picture form http://www.cosmographica.com title Don Dixon space art. All other pictures seen here today were from Hubble space telescope http://hubblesite.org I would like to thank all of you for taking the time to listen to my speech on a stars life and death. Enjoy the rest of your day.

Catalytic Converters :: science

Catalytic Converters Introduction There are millions of cars on the road in the United States, and each one is a source of air pollution. Especially in large cities, the amount of pollution cars produce everyday is a lot. To solve those problems, many laws have been enacted restricting the amount of pollution that cars can produce. To make their cars as pollution-free as possible, automakers have made many refinements to car engines and fuel systems and have developed the catalytic converter. The catalytic converter treats the exhaust before it leaves the car, and removes a lot of the pollution. In this project, we will study catalytic converters to find out how they work, and what their effects on our planet and society are. We predict that catalytic converters can change the amounts of products that result from the burning of gasoline, and think that these devices do a good job of making cars as pollution-free as possible. How does a catalytic converter work? In order to reduce emissions, modern car engines carefully control the amount of fuel they burn. They try to keep the air-to-fuel ratio very close to the stoichiometric point, when all of the fuel will be burned using all of the oxygen in the air. For gasoline, the stoichiometric ratio is about 14.7:1. However, this fuel mixture actually varies from the ideal ratio quite a bit during driving. The main emmissions of a car engine are nitrogen gas, carbon dioxide, and water vapor. Nitrogen gas makes up about 78% of the air, and most of this gas just passes right through the car. Carbon dioxide is one of the products of combusion. The carbon in the fuel bonds with the oxygen in the air to form carbon dioxide. Water vapor is the other product of combusion. The hydrogen in the fuel bonds with the oxygen in the air to form water vapor. However, the combustion process is never perfect, so some smaller amounts of more harmful emissions are also produced in car engines. They include carbon monoxide, hydrocarbons or volatile organic compounds, and nitrogen oxides. These are the three main regulated emissions, and also the ones that catalytic converters are designed to reduce. Most modern cars are equipped with three-way catalytic converters. Three-way catalytic converters regulate the three harmful emmissions produced from car engines. The converter uses two different types of catalysts, a reduction catalyst and an oxidization catalyst. Both types consist of a ceramic structure coated with a metal catalyst.

Personal case study reflection Essay

1. Introduction The aim of this report is in order to analyze a personal decision making and the issues in the process of decision in a workplace with critical reflection which includes academic theories and some models. Also some reflections will be given to deal with the problems. I worked as an accountant in a technical company which produces various Laser Cutting Machines. The machines are used in car-making, ship-building, and these kinds of markets are very potential in China. Therefore, the financial situation was great in the company. However, for expanding more markets, the company planned to produce Plasma Cutting Machines which are used in industrial machine making such as electrical cabinet production, metal manufacturing and diggers. The company established a work team which was consisted by nine staffs from different departments and spend three months to analyze whether the new plan should be implemented, and the boss made the final decision according to the advices from the team. I was appointed as one of the members in the work team, and I took part in the team to collect the information of Plasma Cutting Machines market. The analysis showed that the new plan is valuable, and if the company produces the new machines, this would bring more increase of sales. At last, the boss decided to produce Plasma Cutting Machines to enlarge wider market. However, because of the Engineering equipment manufacturing market downturn, the sales of new machines decreased year by year. After five years, this new plan brought a large number of losses. 2. The Normative approaches of decision making As we know that there are two kinds of decisions which are programmed decisions and nonprogrammed decisions (Simon, 1984). It is clear that in this case, the decision is belong to nonprogrammed decisions because the decision maker must choose whether the company should produce the new machine, and it was not routine. For the decision maker, it contained high risk and uncertain factors. Before the boss made the decision, he must consider a lot of factors. According to the normative models (Anthony Hopwood, 1974), it is noticed that the boss realized that the company should not only sell the Laser Cutting Machines, and it needs to develop better. Then in order to earn more money, decision maker suggested investing to product new machines which are Plasma Cutting Machines. Meanwhile he established a team to evaluate the plan. The team collected the information which included the structure and functions, cost and market value about the new machine. According to the team’s evaluation, the boss thought this investment has very high market value. Therefore, he decided to add a new product line to produce Plasma Cutting Machines. Next, according to the customer requirements, new machines were produced. 3. Outcome The team spent three months to do the research about the Plasma Cutting Machines, and they thought the new machine would bring the benefits to the company. As a result they advised the boss to implement the new plan, and the boss accepted the suggestion. After that the company invested to the new project with a large number of funds. Even though the decision maker prepared a lot of things before he decided to add a new line to produce Plasma Cutting Machines, the new plan seemed not as successful as he expected. The sales of the new machine decreased year by year, and this led to a large number of losses five years later which even influenced the financial situation of the Laser Cutting Machines. 4. The issues and analysis 4.1. Team work In the process of decision making, team work was crucial to the decision maker, and this way brought some benefits such as promoting the employee’s work efficiency; using more opportunities which are provided by advanced science and technology; making work become more effective through the range of abilities and knowledge distributed from team members (Schein, 1965). However, because of the benefits, the boss relied on the team too much and ignored the disadvantages of the team. This was the one of the most important reasons why he made an unsuccessful decision. The team was a research and development team which is usually used in highly technical company (Ashleigh, 2010). Our work team needed to collect a large number of information about the new machine. First, the members must research the structures and functions about Plasma Cutting Machines. Moreover, the members also need to survey the sales situation of the new machines in the market. Furthermore, the cost of every machine needs to be confirmed, and  according to the sales and cost, the members needed to calculate the profit. Meanwhile, they must survey if other related companies which need to use Plasma Cutting Machines and may become the customers have potential in the future. It is clear that this team helped to develop and test new products, and this work not only needed members’ professional knowledge but also members’ innovation and experience in this field (Ashleigh, 2010). Whereas, the members ignored some important factors when they analyzed the new products. First, the cost of the Plasma Cutting Machines are very expensive, and each machine needs more than hundreds of thousands dollars. As a result, most customers preferred renting the machines to buying them, and this contributed to the decreasing sales. Second, the depreciation of the new machines increased fast, and the components of the new machine are very expensive and can be broken easily. Therefore, the company needed to cost high price to fix the machines. In addition to this, there were some other disadvantages. In the process of the analysis, the conflict usually arises among the members because of various sources such as individual differences, incompatible goals, different values and beliefs (Hinds and Bailey, 2003). In this case, the members of the team all came from different department such as Production Department (PD), General Accounting Department (GAD), Marketing Department (MD), and Purchasing Department (PD). Every department focused on different parts of the new plan. PD concentrated more on quality of the machines; GAD paid attention to the economic return; MD focused on market value and customers; Purchasing Department paid more attention to the cost of every machine, as a result when they have relational problems, they may have different perspectives. This situation contributed to negative conflict (McShane and Travaglione, 2003). Consequently, the conflict caused the result of the team work was not to be objective. 4.2 Uncertainty and Risk in the market In the process of decision-making, there are often some uncertain outcomes we cannot see previously, and it means it has risks. Furthermore, if the risks do not be solved in time, they may become a crisis to the company (Davies and Walters, 1999), and the crisis can lead to undesirable consequences. According to the team’s analysis about the Plasma Cutting Machines, the boss thought the new machines had very high market value because they are used in  the Engineering equipment manufacturing market such as electrical cabinet production, metal manufacturing and diggers, and they were very popular industry in China. However, the market is changeable, and the Engineering equipment manufacturing market was stuck in a dilemma from 2011. Contraction of the current engineering machinery market is mainly due to the downturn of the construction of high-speed rail, and the infrastructure construction was completed gradually. This, in turn, led to the decreasing sales of the Plasma Cutting Machines. Obviously, the decision maker did not realize the uncertain factors before he made the final decision. 5. Reflection As a decision maker in the company, first, he relied on the work team too much. According to the Big Five Personality Model, it is clear that he was not creative enough which means he gets low scores on openness to experience (Digman, 1990). The purpose of the work team is for providing some professional advices to the decision maker, so the boss should improve the professional knowledge about the Plasma Cutting Machines. Second, the boss should give more time to the team, but he just gave three months to the team to collect the information and analyze the new plan. It is obvious that three-month time was not enough to analyze this complicated plan clearly because the team needed to do a lot of work. Also the decision maker should invite more employees into the team because more members can give more specialized knowledge and suggestions. This can help to collect more information and contribute to a more effective decision. Another reflection is when the negative conflict exists, the members should solve it effectively. According to the Nelson’s (1995) taxonomy, they can use the direct approach to deal with the conflict which means when there are some conflicts among the members, the team leader helps to solve the problems directly. They can also use bargaining approach to solve the conflict. For example, In this case, if the members from General Accounting Department hold the different ideas about buying the components of the Plasma Cutting Machines with Purchasing Department, other members should be the mediators and objectively analyze the two different points. This approach can help the team give more suitable advices to the decision maker. Moreover, before the decision making, the boss should do the survey about the situation of the Engineering equipment manufacturing market because this industry is  associated with the new plan. If the Engineering equipment manufacturing market has great financial situation, that means more companies need to buy or rent our new machines. Meanwhile, he also needs to know about the country policy because it plays an important role in economic market. Sometimes if a company has a good financial situation depends on the country policy. The last reflection is the decision maker should do a risk assessment to decrease the risk of the new plan (Teale, Dispenza, Flynn, Currie, 2003) before he made the final decision because the technology of producing was not mature at that time. At same time, he can study the experience from other Plasma Cutting Machines companies, or he can implement the new plan until this technology becomes mature. 6. Conclusion This report illustrated the decision making about whether the new machines should be produced in a technical company. In the process of the decision, some issues arose and led to the failing result. The one of the main problem is the team did not give the suitable suggestions, but the boss still relied on the team’s analysis too much. Another issue is the uncertainty and risk of the economic market, and the boss did not realize the risk of the Plasma Cutting Machines. Contraposing the issues, some reflections were be given, and these reflections may help the company to solve some problems. If the decision maker can think about the new plan more specifically, the outcome may be not so disappointing. Reference Hopwood, A. (1974). Accounting and Human Behaviour, London: Accountancy Age Books. Schein, E. H. (1965). Organizational psychology (p. 25). Englewood Cliffs, NJ: Prentice-Hall. Simon, H. (1984). ‘Decision-making and organizational design’, in Pugh, D.S. (ed.), Organization Theory: Selected Readings, Harmondsworth, UK: Penguin. Ashleigh, M. & Mansi, A. (2010).Working in teams and groups. In The Psychology of People in Organisations(pp.236-65). Harlow: Pearson Education Limited. Nelson,M.(1995), ‘Interpersonal team leadership skills,’ Hospital Material Management Quarterly, 16(4), 53-63. Hinds, P. J., and Bailey, D. E. (2003). ‘Out of sight; out of sync: understanding conflict in distributed teams’, Organization Science, 14(6), 615-32. McShane, S., and Travagline, T.(2003). Organisational Behaviour on the Pacific Rim. North Ryde, NSW: McGraw-Hill Australia. J. M. Digman(1990). â€Å"Personality Structure: Emergence of the Five-Factor Model,† in M. R. Rosenzweig and L. W. Porter(eds.). Annual Review of Psychology, vol. 41 (Palo Alto CA: Annual review, 1990). PP 417-440; Teale, M, Dispenza, V., Flynn, J. &Currie. D.(2003). Management decision-making in context. In Mnagement Decision-Making: Towards an Integrative Approach (pp.3-22). Harlow: Pearson Education.

The Importance of Maqasid Al-Shariah in Islamic Finance – a Short Essay by Nadifa Abdulhalim Mohamed

The Global University of Islamic Finance CERTIFIED ISLAMIC FINANCE PROFESSIONAL (CIFP) Part One SHARIAH ASPECTS OF BUSINESS AND FINANCE Assignment Topic The importance of Maqasid al-Shariah in Islamic Finance June 2012 Semester Lecturers: Dr. Yong Bao Wang Dr. Ahcene Lahsasna Student Name: Nadifa Abdulhalim Mohamed Student ID: 1200331 Abstract Maqasid Al-Shariah is one of the very important aspects in Islamic jurisprudence. Maqasid Al-Shariah is taking a crucial position in Ijtihad in order to process a valid examination of the text and provide intact interpretation to achieve the Islamic ruling.The aim behind that is to comprehend the Shariah in all aspects. The primary objective of Maqasid al-Shariah is the realization of benefit to the people, connecting their affairs both in this world and hereafter. It generally held that the Shariah in all of its parts aims at securing a benefit for the people or protecting them against corruption and evil. The aim of this paper is to elaborate the importance Maqasid al-Shariah in Islamic finance. The study found that Maqasid al-Shariah is the most important Shariah aspect in Islamic finance because protection of wealth is one of the five major elements of Maqasid l-Shariah. Objectives of the research: ____________________________________________ †¢ Definition of Maqasid Al-Shariah. †¢ Identification of the importance of Maqasid Al-Shariah in Islamic finance. †¢ Classification of Maqasid Al-Shariah Key terms of the research: 1. Qur’an 2. Sunnah 3. Maqasid Al-Shariah 4. Islamic finance 5. Islamic law 6. Fiqh 7. Usulfiqh TABLE OF CONTENTS TOPIC PAGE NUMBER [pic] 1. Abstract†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 1 2. Objectives of the research†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã ¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 3. Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦4 1. 1 History and background†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 4 2. Identification of Maqasid Al-Shariah†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦8 3. Definition of Maqasid Al-Shariah†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦11 4. Objectives of Maqasid Al-Shariah†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ 13 5. Classi fication of Maqasid Shariah†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 15 5. Essential (Al-daruriyat)†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 16 6. Complementary (Al-hajiyat)†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦19 7. Embellishments (Al-Tahsiniyat)†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦19 8.Maqasid Al-Shariah in Islamic Finance†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦19 9. Advantages of Shariah compliance†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 24 10. Conclusion†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦25 11. References†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 26 1. Introduction The linguistic meaning of the word Maqasid is as follows: Maqasid is the plural of the word Maqsad and comes from the verbal root qa-sa-da which has several meanings, some of which are: ‘to intend,’ ‘to take a middle course’ and ‘to walk towards. ’ From this root comes the noun, Qasd which means ‘a goal,’ ‘an aim,’ or ‘an aspiration. The second part of the title is the word Shari’ah, which is a noun meaning ‘a path to a water hole,â€℠¢ and in its more common usage, ‘the law of God as revealed to Muhammad. ’ Together, the term Maqasid al-Shari’ah carries the meaning, based on its constituent parts, of the ‘goals and objectives which are the reason for the legislation of the rules of Islam’ or more simply, ‘The Objectives of Islamic Law’ The Maqasid theory is based on an inductive reading of the Quran in order to identify the higher objectives, intent, and purpose of the divine laws, which are intended to preserve human interests in both this world and the next. This theory asserts that no commandment of God is intended to cause harm for its own sake, although some actions may require struggle and hardship. All legal rulings are intended to achieve ‘balance' and ‘moderation' by steering Muslims toward a middle course between various types of extremes. Also it gives consideration for outcomes or consequences. He explains that part of the objective-oriented approach is considering the outcomes of actions, in accordance with the Sunnah of the Prophet who would consider outcomes and consequences before passing judgment or taking action. 1. History and background As a theme of the  Shari’ah in  its own right, the  maqasid  did not receive much attention in the early stages of the development of Islamic legal thought and, as such, they represent rather a later addition to the juristic legacy of the  madhahib. Even to this day many a reputable textbook on Usul al-Fiqh  does not mention  maqasid al-Shari’ah  in their usual coverage of familiar topics. This is partly due perhaps to the nature of the subject, which is largely concerned with the philosophy of the law, its outlook and objective, rather than the specific formulations of its text.Although the maqasid  as a distinctive theme of the  Shari’ah  are obviously relevant to  ijtihad,  they have not been treated as such in the conventional expositions of the theory of ijtihad. Islamic legal thought is, broadly speaking, preoccupied with concerns over conformity to the letter of the divine text, and the legal theory of  Usul al-Fiqh  has advanced that purpose to a large extent. This literalist orientation of the juristic thought was generally more pronounced in the approach of the tendency – the traditionist – the  Ahl al-Hadith  Ã¢â‚¬â€œ than that of the Rationalists – the  Ahl al-Ray.The literalists thus tended to view the  Shari’ah  as a set of rules, commands and prohibit ions that were addressed to the competent individual  mukallaf  and all that the latter was expected to conform to its directives. The precedent of the leading Companions indicated, on the other hand, that they saw the  Shari’ah  both as a set of rules and a value system in which the specific rules were seen as tangible manifestations of the overriding values. The textualist tradition of the first three centuries did not take much interest in  maqasid al-Shari’ah  and it was not until the time of al-Ghazali (d. 05/1111) and then al-Shatibi (d. 790/1388) that significant developments were made in the formulation of the theory of  maqasid. The basic outlook that was advocated by the theory of the  maqasid  was not denied by the leading schools, yet the  maqasid  remained on the fringes of the mainstream juristic thought that was manifested in the various themes and doctrines of  Usul al-Fiqh. Except for the  Zahiris  who maintained that the  maqasid  are only known when they are identified and declared by the clear text, the majority of  Ã¢â‚¬Ëœulama’  did not confine the  maqasid  to the clear text alone.For they perceived and understood the  Shari’ah  to be rational, goal-oriented and its rules generally founded on identifiable causes. A mere conformity to rules that went against the purpose and outlook of the  Shari’ah  was. , therefore, generally considered unacceptable. A totally different approach to the  maqasid was  taken by the Batiniyyah who held, contrary to the Zahiris, that the essence and objective of the  nusus  were always to be found, not in the explicit words of the text, but in its hidden meaning (i. . batin),  hence their name, the Batiniyyah. There were also differences of orientation among the leading  madhahib  toward the  maqasid:  some were more open to it than others, but elaboration into the goals and objectives of the  Shari’a h  was generally not encouraged. This rather unspoken attitude contrasted with the fact that the Qur’an itself exhibits considerable awareness of the underlying purposes and objectives of its laws and often expounds the causes and rationale on which they are founded.The general reticence of the  Ã¢â‚¬Ëœulama’  in respect of the identification of the  maqasid  might have partly been due to the elements of projection and prognostication that such an exercise was likely to involve. Who can tell, for sure, for example, that this or that is the purpose and overriding objective of the Lawgiver, without engaging in a degree of speculation, unless of course, the text itself declared it so. But then to confine the scope of the  maqasid  only to the clear declaration of the texts was also not enough, as I shall presently elaborate. It was not until the early fourth century that the term  Ã¢â‚¬Ëœmaqasid’  was used in. he juristic writings of Abu ‘Ab d Allah al-Tirmidhi al-Hakim (d. 320/932) and recurrent references to it appeared in the works of lmam al-Haramayn al-Juwayni (d. 478/1085) who was probably the first to classify themaqasid al-Shari’ah  into the three categories of essential, complementary and desirable (daruriyyat, hajiyyat, tahsiniyyat)which has gained general acceptance ever since. Juwayni’s ideas were then developed further by his pupil, Abu Hamid al-Ghazali who wrote at length on public interest (maslahah)and ratiocination (ta’lil)in his works,  Shifa’ al-Ghalil  and  al-Mustasfa.Ghazali was generally critical of  maslahah  as a proof but validated it if it promoted the  maqasid of  the  Shari’ah. As  for the  maqasid  themselves, Ghazali wrote categorically that the  Shari’ah  pursued five objectives, namely those of faith, life, intellect, lineage and property which were to be protected as a matter of absolute priority. A number of prominen t writers continued to contribute to the  maqasid,  not all of them consistently perhaps, yet important to the development of ideas. Sayf al-Din al-Amidi (d. 31/1233) identified the  maqasid  as criteria of preference  al-tarjih  among conflicting analogies and elaborated on an internal order of priorities among the various classes  of maqasid. Amidi also confined the essential  maqasid  to only five. The Maliki jurist, Shihab al-Din al-Qarafi (d. 684/1285) added a sixth to the existing list, namely the protection of honour (al-‘ird)and this was endorsed by Taj al-Din ‘Abd al-Wahhab ibn al-Subki (d. 771/1370) and later by Muhammad ibn ‘Ali al-Shawkani (d. 1250/1834).The list of five essential values was evidently based on a reading of the relevant parts of the Qur’an and the  Sunnah  on the prescribed penalties (hudud). The value that each of these penalties sought to vindicate and defend was consequently identified as an essential valu e. The latest addition (i. e. al-‘ird) was initially thought to have been covered under lineage (al-nasl,  also  al-nasab),  but the proponents of this addition relied on the fact that the  Shari’ah  had enacted a separate  hadd punishment for slanderous accusation (al-qadhf),  which justified the addition. ‘Izz al-Din ‘Abd al-Salam al-Sulami’s (d. 60/1262) renowned work, Qawa’id al-Ahkam,  was in his own characterisation a work on  Ã¢â‚¬Ëœmaqasid al-ahkam’  and addressed the various aspects of the  maqasid  especially in relationship to  Ã¢â‚¬Ëœillah  (effective cause) and  maslahah  (public  interest) in greater detail. Thus he wrote at the outset of his work that â€Å"the greatest of all the objectives of the Qur’an is to facilitate benefits (masalih) and the means that secure them and that the realisation of benefit also included the prevention of evil. † Sulami added that all the obli gations of the  Shari’ah  (al-takalif) were predicated on securing benefits for the people in this world and the next.For God Most High is Himself in no need of benefit nor is He in need of the obedience of His servants. He is above all this and cannot be harmed by the disobedience of transgressors, nor benefit from the obedience of the righteous. The  Shari’ah is,  in other words, concerned, from the beginning to the end, with the benefits of God’s creatures. Taqi al-Din ibn Taymiyyah (d. 728/1328) was probably the first scholar to depart from the notion of confining the  maqasid  to a specific number and added, to the existing list of the  maqasid,  such things as fulfilment of contracts, preservation of the ties of kinship, honouring the rights of ne’s neighbour, in so far as the affairs of this world are concerned, and the love of God, sincerity, trustworthiness, and moral purity, in relationship to the hereafter. Ibn Taymiyyah thus re vised the scope of the  maqasid  from a designated and specified list into an open-ended list of values, and his approach is now generally accepted by contemporary commentators, including Ahmad al-Raysuni, Yusuf al-Qardawi and others. Qardawi has further extended the list of the  maqasid  to include social welfare and support (al-takaful),  freedom, human dignity and human fraternity, among the higher objectives and  Maqasid of the Shari’ah.These are undoubtedly upheld by both the detailed and the general weight of evidence in the Qur’an and the Sunnah. 2. Identification of Maqasid As already indicated the  Ã¢â‚¬Ëœulama’  have differed in their approach to the identification of the  maqasid. The first approach to be noted is the textualist approach, which confines the identification of the  maqasid  to the clear text, commands and prohibitions, which are the carriers of the  maqasid. The maqasid,  according to this view, have no separat e existence outside this framework.Provided that a command is explicit and normative it conveys the objective  maqsud  of the Lawgiver in the affirmative sense. Prohibitions are indicative of the  maqasid  in the negative sense in that the purpose of a prohibitive injunction is to suppress and avert the evil that the text in question has contemplated. This is generally accepted, but there are certain tendencies within this general framework. While the Zahiris tend to confine the  maqasid  to the obvious text, the majority of jurists takes into consideration both the text and the underlying  Ã¢â‚¬Ëœillah  and rationale of the text.The chief exponent of the  maqasid,  Shatibi, has spoken affirmatively of the need to observe and respect the explicit injunctions, but then he added that adherence to the obvious text should not be so rigid as to alienate the rationale and purpose of the text from its words and sentences. Rigidity of this kind, Shatibi added, was itself contrary to the objective (maqsud)of the Lawgiver, just as would be the case with regard to neglecting the clear tent itself.When the text, whether a command or a prohibition, is read in conjunction with its objective and rationale, this is a firm approach, one which bears greater harmony with the intention of the Lawgiver. Shatibi elaborated that the  maqasid  that are known from a comprehensive reading of the text are of two types, primary (asliyyah)and secondary (tab’iyyah). The former are the essential  maqasid  or  daruriyyat  which the  mukallaf  must observe and protect regardless of personal predilections, whereas the supplementary  maqasid -hajiyyat- are  those which leave the mukallaf with some flexibility and choiceA comprehensive reading of the textual injunctions of the  Shari’ah  has given rise to such questions as to whether the means to a  wajib  or  haram should also be seen as a part of the objective that is pursued by t hat injunction; whether the means to a command, in other words, is also an integral part of that command. Another question raised is whether avoiding the opposite of a command is integral to the goal and objective that is sought by that command.The general response given to these questions is that the supplementary aspects of commands and prohibitions are an integral part of their objectives, although disagreements have emerged over details. There is a general agreement that the opposite of a command amounts to a prohibition in the event where that opposite can be clearly identified. Most of the injunctions of the  Shari’ah  are easily understood, and their objectives as well as their opposites can be known and ascertained from the reading of the clear text. It is thus noted that whatever might be necessary for the carrying out of a command or a  wajib is  also a part of that  wajib.Shatibi has similarly concluded that whatever is complementary to the  maqasid   and in the service thereof is also a part of the  maqasid. The question then arises regarding the silence of the Lawgiver in respect of a certain conduct in situations especially where a general reading of the relevant evidence sheds light on the value of that conduct. The question may be put as follows: We know that the  maqasid  are known from clear injunctions, but can they also be known from a general reading of the  nusus  by way of induction?This is where Shatibi has given an original response. Induction (istiqra’) to Shatibi is one of the most important methods of identifying the  maqasid  of the  Shari’ah. There may be various textual references to a subject, none of which may be in the nature of a decisive injunction. Yet their collective weight is such that it leaves little doubt as to the meaning that is obtained from them. A decisive conclusion may, in other words, be arrived at from a plurality of speculative expressions. Shatibi illustrates this by saying that nowhere in the Qur’an is there a specific declaration to the effect that the  Shari’ah  has been enacted for the benefit of the people. Yet this is a definitive conclusion which is drawn from the collective reading of a variety of textual proclamations. Shatibi then adds that the benefits (masalih) are to be understood in their broadest sense which is inclusive of ail benefits pertaining to this world and the hereafter, those of the individual and the community, material, moral and spiritual, and those which pertain to the present as well as the interests of the future generations.This broad meaning of benefits also includes prevention and elimination of harm. These benefits cannot always be verified and ascertained by human reason alone without the aid and guidance of divine revelation. The typical classification of the  maqasid  into the three categories of essential,-complementary and desirable, and the conclusion that the Lawgiver has intended to protect these are based, once again, on induction-as there is no specific declaration on them in the textual sources.On a similar note, the ruling of the  Shari’ah  that the validity of an act of devotion (‘ibadah) can not be established by means of  ijtihad is  an inductive conclusion which is drawn from the detailed evidence on the subject, as there is no specific injunction in the sources to that effect. These conclusions are, in the meantime, of great overall importance; they are not open to doubt, nor is their credibility a matter of speculative reasoning.It is also the same inductive method which has led the  Ã¢â‚¬Ëœulama’  to the conclusion that the protection of the five values of faith, life, intellect, property and lineage is of primary importance to the  Shari’ah – there  being no textual ruling to specify any category or number of values in that order. Shatibi’s inductive method is not confined to the identification of objectives and values but also extends to commands and prohibitions, which may either be obtained from the clear text, or from a collective reading of a number of textual proclamations that may occur in a variety of contexts.Shatibi then goes a step further to say that the inductive conclusions and positions that are so established are the general premises and overriding objectives of the  Shari’ah  and thus have a higher order of importance than specific rules. It thus becomes evident that induction is the principal method of reasoning and proof to which Shatibi resorted in his theory of the  maqasid  and it is also in this regard that he has made an original contribution to this theme.Shatibi’s approach to induction is reminiscent of the knowledge that is acquired of the personality and character of an individual that is based on sustained association with that individual and observation of his conduct over a period of time. This kind of knowledge is broad and holistic, as it is enriched with insight, and likely to be more reliable when compared to the knowledge that might be based only on the observation of specific, isolated incidents in the daily activities of the individual concerned. 3. Definition of Maqasid al-ShariahThe term is a possessive construction, known in Arabic grammar as an Idafa, by which the meaning, â€Å"The Maqasid of the Shari’ah† is conveyed. We shall look at the first component in this construct first. The linguistic meaning of the word Maqasid is as follows: Maqasid is the plural of the word Maqsad and comes from the verbal root qa-sa-da which has several meanings, some of which are: ‘to intend,’ ‘to take a middle course’ and ‘to walk towards. ’ From this root comes the noun, Qasd which means ‘a goal,’ ‘an aim,’ or ‘an aspiration. The second part of the title is the word Shari’ah, which is a noun meaning ‘a path to a water hole,’ and in its more common usage, ‘the law of God as revealed to Muhammad. ’ Together, the term Maqasid al-Shari’ah carries the meaning, based on its constituent parts, of the ‘goals and objectives which are the reason for the legislation of the rules of Islam’ or more simply, ‘The Objectives of Islamic Law’. Technically, many definitions have been given, particularly, by contemporary scholars.Al Imam Al Shatibi who is the founder of Maqasid al-Shariah in Islamic jurisprudence did not provide a definition for this Islamic discipline. There are two other major definitions of Maqasid al-Shariah provided by two other scholars who came after Al Shatibi. They were behind the development of Maqasid al-Shariah in Islamic jurisprudence. These two definitions are provided by Ibn Ashur defined Maqasid al-Shariah base on two aspects: 1: The general aspect which is the purpose and wisdom behind th e enactment of all or most of the Shari’ah ruling.This definition is more related to the general objective of Shariah and those overall principles that guide the enactment of Islamic law in their totality. 2: The second definition of Maqasid al-Shariah is very specific. It is related to specific objective to those objectives that are designed to achieve specific benefits to people in their daily activities, such as the importance validation of contracts. Alal al-Fasi defined Maqasid Shariah as the end sought behind the enactment of each of the ruling of Shariah and the secret involved.This definition covers the public Maqasid (ama) and the private Maqasid (khasa). The definition focus on the end sought behind the enactment of each of the rulings of Islamic law, and the secret of these rulings. The secret of the Islamic rulings means the goals intended by Allah in the law. Maqasid al-Shariah aims to protect the interest of mankind and prevent the evil from them, and also reali ze the public benefit for the society and encourage virtues and avoid vices.Al-Raysuni (2006) stated that â€Å"al Maqasid are the purposes which the Law was established to fulfill for the benefit of humankind†. Therefore the Law is not an end in itself; it serves to attain an objective, a purpose which is the Maslahah (benefit). The word benefit in this context means the achievement of profit or the prevention of harm. Ibn Ashur (2006) maintained that: â€Å"This (the knowledge of Maqasid al-Shariah), in fact, ensures the continuity of the rules of the Islamic Shariah throughout the ages and generations following the age of Revelation until the end of the world. It is important to notice that, even though, Maqasid al-Shariah was not known as a discipline in the early generations of Muslims, the scholars were aware of the danger of neglecting the spirit of the law and only sticking to its literal form. The knowledge of the higher objectives of Shariah is to help preserve the essence of the Islamic law. Maqasid Al-Shari’ah is the objectives and the rationale of the Shari’ah .A comprehensive and careful examination of the Shari’ah rulings entails an understanding that Shari’ah aims at protecting and preserving public interests (Maslahah ) in all aspects of life. Many Shari’ah texts state clearly the reasoning behind certain Shari’ah rulings, suggesting that every ruling in Shari`ah comes with a purpose, which is to benefit the Mukallaf. In-depth comprehension of the objectives of Shari`ah is important for analogical deduction and other human reasoning and its methodology.Indeed, Maqasid al-Shari’ah allows flexibility, dynamism and creativity in social policy, According to Imam Al-Ghazali definition â€Å"The objective of the Shari’ah is to promote the well-being of all mankind, which lies â€Å"in safeguarding their faith (din) , their human self (nafs), their intellect (‘aql), their posteri ty (nasl) and their wealth (mal). Whatever ensures the safeguard of these five serves public interest and is desirable†. 4. Objectives of Shariah (Maqasid Al-Shariah) Maqasid al-Shariah is the objectives and the rationale of the Shariah.A comprehensive and careful examination of the Shariah rulings entails an understanding that Shariah aims at protecting and preserving public interests (maslahah) in all aspects and segments of life. Many Shariah texts state clearly the reasoning behind certain Shariah rulings, suggesting that every ruling in Shariah comes with a purpose, which is to benefit the mukallaf (accountable person), for example, when Quran prescribes Qisas (retaliation), it speaks of the rationale of it, that applying retaliation prevents further killing as Allaah says in Qoran â€Å"There is life for you in Qisas† Surah Baqarah Ayah No 179.Similarly when Quran prohibits wine it says that wine is the works of devil as it causes quarrel and instills hatred and e nmity among Muslims, Allaah said in Qoran â€Å"The devil only wants to excite enmity and hatred between you in intoxicants and gambling and hinder you from remembrance of Allah and from prayer†, Surah Ma’idah Ayah No. 91. In depth comprehension of the objectives of Shariah is important for analogical deduction and other human reasoning and its methodology (Kamali, 1999). Indeed, Maqasid al-Shar ’ah allows flexibility, dynamism and creativity in social policy.According to Imam Al-Ghazali â€Å"The objective of the Shariah is to promote the well-being of all mankind, which lies in safeguarding their faith (Din), their human self (Nafs), their intellect (‘Aql), their posterity (Nasl) and their wealth (mal). Whatever ensures the safeguard of these five serves public interest and is desirable. † Al-Shatibi approves al-Ghazali’s list and sequence, thereby indicating that they are the most preferable in terms of their harmony with the essence of Sh ariah.Generally, Shariah is predicated on benefits of the individual and that of the community, and its laws are designed so as to protect these benefits, and facilitate improvement and perfection of human lives’ conditions on earth. This perfection corresponds to the purposes of the Hereafter. In other words, each of the worldly purposes (preservation of faith, life, posterity, intellect and wealth) is meant to serve the single religious purpose of the Hereafter. The uppermost objectives of Shariah rest within the concept of compassion and guidance, that seeks to establish justice, eliminate prejudice and alleviate hardship.It promotes cooperation and mutual supports within the family and society at large. This is manifested in the realization of maslahah (public interest) which the Islamic scholars have generally considered to be the all-pervasive value and objective of the Shariah and is to all intents and purposes synonymous with compassion. Maslahah sometimes connotes th e same meaning as Maqasid and the scholars have used the two terms almost interchangeably. To further shed light on our discussion of the objectives f Shariah, especially with regard to their application in the preservation of public interest, the following section elaborates on the principles of Maslahah, serving as an important tool to uphold Shariah. 4. 1Maslahah Maslahah is one of the juristic devices that have always been used in Islamic legal theory to promote public benefit and prevent social evils or corruption. The plural of the Arabic word maslahah is ‘Masalih’ which means welfare, interest or benefit. Literally, Maslahah is defined as seeking the benefit and repelling harm. The words maslahah and manfa`ah are treated as synonyms.Manfa`ah (benefit or utility), however, is not technical meaning of maslahah. What Muslim jurists mean by maslahah is the seeking of benefit and the repelling of harm as directed by the Lawgiver or Shariah. 4. 2Other General Objective s of Shariah Through studies of the Qoran and Sunnah will reveal that apart from the above objectives of Shariah, there are several other general objectives of Shariah these objectives include: 4. 2. 1Educating the Individual (Tahdhib al-fard) One of the primary objectives of the Shariah is to educate the individuals.Shariah seeks to educate the individual and inspire them with faith and instill in them the qualities of being trustworthy and righteous, Islam aims to achieve its social goals through reforming the individual All the different aspects of IBADAH involve both mental and physical training, it leads to inner perfection. All punishments mentioned in the shariah was done because the main objective was not only to penalize the person as such, but it is to discipline the criminal and the whole of society to teach them and to prevent such crimes from being committed by others. This is the reason why Qoran has ordered that punishment for those ho commit some crimes must be execu ted in public so as to create awareness to the society of the implication in committing such crime. 4. 2. 2Upholding of Justice (AL-ADL) Upholding the principle of justice or ADL is another objective of Shariah. It is to establish a balance by the way of fulfilling rights and obligations and by eliminating excess and disparity in all spheres of life. Allah has sent scriptures and messengers in order to establish JUSTICE among people, the Qoranic message of justice is objective, and is not tainted by considering of racial, tribal, national, or religious sentiments.In dealing with friends of foes, Muslims and non-muslims, Islam orders all must be treated with justice. 5. Classification of Maqasid al-Shariah Two general categories of maqasid al-shariah were recognised: the Purposes of the Allaah the lawgiver, maqasid al-shari’ah, and the Purposes of the human, maqasid al mukallaf. In an ideal situation the purposes of the law-giver conform to the purposes of the human. Humans do not always know what is in their best interest because of personal whims, hiwa al nafs. The good may appear bad and vice versa. Humans may see immediate benefit while ignoring long-term harm.The Purposes of the Lawgiver are divided into two types: primary and secondary. The primary purposes of the lawgiver, maqasid al-sharia ibtidaa’an, are the most important and are a basis for the secondary purposes. The secondary purposes can be described in three types: the purpose of law as understanding, maqasid al-shariat li al ifhaam; law as injuctions and obligations, maqasid al-shariat li al-takliif; and the law as implementation, maqasid al-shariah li al-imtithaal. This classification shows that the law is not only commands but also has secondary rules that help understand and execute the commands of the primary rules.The primary purposes of Maqasid al-Shariah are divided in to three levels of priority according to its inner strength and all the Islamic legal ruling refers to real ize one of the categories namely:- 1) The necessities or essentials (Daruriyyat). 2) The needs (Hajiyyat). 3) The complementary (Tahsiniyyat). Each of the three have complements, mukammilaat. Each of these three can be divided into private and public purposes. Each of them can also be described in three categories: right of Allah, haqq al-llaah; rights of the human, haqq al-‘abd; rights of the community, and rights of the state, haqq al-sultan.Wants are not mentioned at all in this scheme because they are based on hiwa al-nafs. 5. 1The Essentials (Al-Daruriyyat) The essentials are the matters on which the religion and worldly affairs of the people depend upon, their neglect will lead disruption and disorder and also evil ending and must be protected whether by the individuals, or the government authorities, the essentials can be further divided into the protection of the five fundamental values (Al-Daruriyyat Al-Khamsah).These essential five values are:- ? Protection of Religi on (Al-Din) ? Protection of Life (Nafs) ? Protection of Dignity (Ird) ? Protection of Intellect/Mind (Al-Aql) ? Protection of Property (Al-Mal) 5. 1. 1Protection of Religion (AL-DIN) Al-Din is the most important value that must be protected by the Muslims, protection of al-din at a personal is achieved through the observance of the IBAADAAT, such as five praying, fasting, paying Zakah and performing hajj.Also the protection of Al-Din at wider scope involves defending Islamic faith particularly if it is attacked by the enemy of Islam. The process of protecting can be done through various means such as writings, in speeches and other practical means. If the situation demands waging of war with the enemy of Islam, then it should be done for the sake of protecting. Islam from being destroyed by others Allah S. W. T has enacted the law of JIHAD and commanded the Muslims to defend their faith. 5. 1. Protection of Life (AL-NAFS) Life is essential and valuable to everyone, and it must be pr otected in all circumstances and in this respect, between the life of the rich and poor, between the leader and subordinates, Muslims and non-muslims. Protecting everyone’s life is equally important and obligatory to each and every individual and society, the Shariah has enacted severe punishment for those who kill each other, the punishment for those who kill an innocent human being is the death penalty in Islam.In the punishment of the murderer, even though one life is killed because of the crime, this will lead to saving many more lives as the punishment will deter other from committing such crime, saving one’s life is required and it should be done at the expense of other lives, but if the saving of this live might lead to losing of another life then it should be done as the principle of Shariah states â€Å"a particular harm shall not be removed by inflicting another harm†. . 1. 3Protection of Dignity (AL-IRD) Islam is very concerned about the dignity of a person and emphasizes the importance of protecting dignity. Protection of dignity includes the protection of individual rights to privacy and not exposing or accusing others of misbehaviors. It means ensuring that the relationship between men and women is done in a respectful and responsible way; Islam has enacted a number of guidelines in order to protect the dignity of mankindIslam prohibits its followers committing adultery or other immoral behaviors; any accusation toward a crime, a proof must be confirmed. Otherwise the punishment will be imposed for false accusations. Islam also regulates the relationship between men and women in order to protect their dignity; also Islam disallows the manipulation of women or making women sexual objects and commercial objects by portraying them as an attraction for purchasing such commercial products.Islam tells followers to cover their â€Å"AURAH† and is one of the ways to protecting their dignity. 5. 1. 4Protection of the Intellect/ Mind (AL-AQL) Al-Aql or the intellect is a great gift from Allah S. W. T to mankind; it is one of the human capacities that differ from animals. Allah has ordered protecting this gift by utilizing the mind for the benefit of all and not for any kind of evil, on the other hand Islam gives freedom to express their views, and it must conform that views with the moral and ethical values provided in the Qoran and Sunnah.Protection of the mind requires safeguarding it from anything that might harm the ability and function of the brain, this includes consumption of liquor or similar substance that will disturb the function of the brain, a punishment will be imposed for those who consume liquor. These are made in order to prevent the spread of such habits that could damage the mind and the brain. 5. 1. 5The Protection of Property (AL-MAL) Acquiring property is one of the necessities of mankind. Islam encourages its followers to acquire wealth through Halal borders.Islam has ordered that no one should transgress and acquire the property of others without a legitimate reason and without proper contract, and there will be severe punishment in the Day of Judgment against those who acquire the properties of others unlawfully. Acquiring the property of others illegitimately can be done through, when engaging usury (Riba), cheating in transactions, breaking the trust in matters related to property, stealing the property of others and other similar means. . 2The Complementary (Al-Hajiyyat) There are many examples of Al-Hajiyyat such as the dispensations or legal excuses (Rukhsah), travelers are allowed to combine and shorten their five obligatory prayers and also break their fast in Ramadan month. A sick person is allowed to pray in a sitting or sleeping position and break his fast in Ramadan, also the basic permissibility regarding the enjoyment of victuals and hunting also fall under this category. 5. 3The Embellishments (Al-Tahsiniyyat)The embellishments refer to interests whose realization lead to the improvement and attainment of that which is desirable. The observance of cleanliness in personal appearance and in IBADAH, moral virtues, avoiding extravagance and measures that are designed to prevent proliferation of false claims of false claims in the courts, all these fall under this category. The disappearance of al-tahsiniyyat may not interrupt the normal life but it might lead to the lack of comfort in life. 6. Maqasid Al-Shariah in Islamic FinanceThe objectives of the Shariah in financial transactions refer to the overall goals and meaning that the Shariah aims at achieving from its rulings related to financial activities and transactions. Looking deeply and constantly into several texts of the divine book and the Sunnah of prophet Mohamed (PBUH) on financial activities. It can be stated that the Shariah has observed specific objectives in the enactment of financial laws and principles, these objectives include:- 1. The Objective of Continuity of the Circulation of WealthThis objective refers of preserving the transactional nature of the financial dealing so as to enable large sectors of population to become a part of the monetary cycle of wealth and to avoid the concentration of wealth in a few hands. It is underlined in several verses and Hadiths which call for giving Zakah, the generous donation and spending for the sake of Allah and to refrain from hoarding and monopolizing the wealth. This can be strengthened by several ruling and commands including those contractual transfers of money and other financial transactions like Mudarabah, Musharakah, Muzara’ah and e. . c. this will protect the entire society against crimes and greediness of opportunities, and also surely and definitely bring prosperity and happiness to the whole society. 6. 2The Objective of Continuity of the Investment of Wealth When societies develop, also economic activities and transactions develop. A society develops their finances to the bene fit and prosperity of their members, this is done when wealth must be invested and should be available in many hands for its investment and increment.In support of this objective, there are several verses in the Qoran and Hadiths of prophet (PBUH) which address the issue of necessity and obligation of the continuity of the investment of wealth as they call upon all Muslims to earn, strive and continue to extend themselves to the corners of the earth in search of the bounty of Allaah S. W. T. 6. 3The Objective of Achieving Comprehensive Communal Prosperity This objective is directed at fulfilling the basic material needs of all members of society by achieving personal satisfaction and social tranquility and security.The achievement of this objective will also rid society of negative social attributes such us stratification of the population into privileged and non-privileged classes. The verses and Hadith that call upon Muslims to pay Zakah and cooperate and also help each other in b usiness transactions, upholds all the objective of achievement of prosperity in society. 6. 4The Objective of Validation of Financial Ownership This objective aims the lawful authentication of the rights of lawful financial ownership.Numerous verses and Hadiths verify the right of lawful ownership and spending and they serve the purpose of safeguarding Islamic economic activity. Earlier objectives of Shariah discussions was based on reading and looking deeply into verses on trade, expenditure, investment and consumption, this objective is governed by permissiveness (Halal) of such activities like sales and purchases, cooperate business undertakings, farming activities, financial activities and other pertained activities like forgiving minor uncertainties and binding contracts by witnesses. . 5Protection of the wealth in Islamic Business Transactions Preservation of wealth in finance and business transactions is one of the primary Maqasids in Shariah. The verses from the Qoran and al so Sunnah have very strong statements indicating very clearly the importance of wealth whether for individuals or for the community and the society at large. The right to own and earn, Shariah gives the right to the Muslim community to own and earn, thus creating wealth, Muslims can acquire wealth through owning (Tamaluk) or earning (Takasub).Owning (Tamaluk) consists of possessing anything from which they can gain satisfy their needs, whether from their produce or their substitutes, on the other hand Earning (Takasub) consists of exerting one’s self to gain its own needs whether by physical labor or by mutual consent with others. 6. 6Transparency in Wealth and Finance Transparency is very objective in Shariah for business and finance, this objective seeks to rid Islamic finance from misuse and squander and to prevent disputes, arguments and grudges among the community on financial matters.Islamic law requires security in some business transactions, the main purpose of transp arency is to avoid dispute among people in daily business activities as much as possible. In this respect transparency in finance is applied, especially if it is related to the subject matter of the contract which must be known to both parties including specification, quality and quantity. Such business activities which clearly understood make the contracting parties more comfortable to conclude the deal and execute the business transactions with mutual consent and understanding. . 7Development and Investment of Wealth in Business Transactions The Shariah is very concerned about the development of economic and finance. In supporting this objective the Qoran and Sunnah urge Muslims to look at this aspect respectively. The development of wealth and investment in finance is an obligation not an option, because it contributes to the growth of wealth and protection of property of the society. Shariah considers money as a potential capital rather than a capital, meaning that money becomes capital only when it is invested in a business.Thus the investments and development of wealth will enhance the financial status of members of the society respectively. 6. 8Prevent Harm and Hardship in Wealth and Finance Maqasid al-Shariah tries to achieve command prosperity in the society as a whole, if this is achieved every member of society will be satisfied and safe, as a result from that, all harm and hardship will be either removed from the society or minimized in the finance and business transactions.It is understood that preventing harm in finance comes from putting in to practice most of the objectives of the Shariah in business finance, because those objectives are the key factors. 6. 9Ensure Justice in the Circulation of Wealth in Business Transactions Justice is a prime in human life in all aspects; it is also a vital objective due to its implication in the business community and social activities as well. However justice in terms of wealth starts from earning wealth an d possessing property by right, without any harm.In order to implement justice the Shariah has imposed some rules and regulations and has prohibited all elements that may lead to injustice in business such as bribery, fraud and deception, gambling, uncertainty, Riba and so on. To ensure the establishment of justice in all aspects of business and finance, meanwhile shariah encourages all types of business activities which create justice and benefits the business community and social life as well. 6. 10Objective of Individual Economic ActivitiesThe question of why to produce or why to get involved in economic activities in the first place, is that Shari'ah wants individuals to look after their welfare. Shatibi has used the maslahah (welfare-benefit) to describe this objective of Shari'ah. Human beings have been required by Shari'ah to seek maslahah. Economic activities of production, consumption and exchange that involve maslahah (welfare) as defined by Shari'ah have to be pursued as a religious duty to earn one's betterment not only in this world but in the world hereafter.Also all such activities that have maslahah for human beings are called needs. These needs have to be fulfilled. â€Å"Fulfilling needs† rather than â€Å"satisfying wants† is the objective of economic activities, and the pursuit of this objective is a religious duty. Man is, therefore, obligated to solve his economic problems. The approach that unlimited wants relative to scarce resources defines the economic problem of man may be explaining the economic behavior of a capitalistic society, but it certainly fails to explain the behavior of several traditional societies of the world.The members of traditional societies do not feel motivated to maximize the satisfaction of their wants with the resources available with them, because they find their needs adequately fulfilled and they do not feel obliged to look for the satisfaction of wants beyond their needs defined by themselves or by their environment. All development strategies thus fail to bring development in such societies because of the lack of motivation to earn more or to expand resources at one's disposal. Islamic economic theory, on the other hand, is on more sound footing.It defines economic problem in the light of the objective that Islam assigns to human activities. The fulfillment of this objective is made a religious duty. Islam, thus, becomes a force of economic development even for such traditional societies that are not motivated by the materialistic approach, to maximize the satisfaction of wants. The economic problem of human beings is, therefore, to â€Å"fulfill needs† with the available resources which most of the time may turn out to be scarce relative to needs.The inconsistency that was pointed out in the concept of â€Å"satisfying human wants† is not present in the concept of â€Å"fulfilling human needs†. If the resource constraint is relaxed, the human needs can be fulfilled as they are objectively defined. 7. Advantages of Shariah Compliance in Islamic Finance Current literature proclaims that Islamic financial system differs significantly from conventional system, not only in the ways it functions, but above all the values which guide its whole operation and outlook.The values which are prevailed within the ambit of Shariah, are expressed not only in the minutiae of its transactions but in the breadth of its role in realizing the Maqasid al-Shariah (objectives of Shariah). Indeed, Maqasid al-Shariah reflects the holistic view of Islam which has to be looked at as a whole not in parts as Islam is a complete and integrated code of life and its goal encompasses the whole life, individual and society; in this world and the hereafter (Dusuki ; Abozaid, 2007).Hence, a deep understanding of Maqasid al-Shariah entails intense commitment of every individuals and organizations to justice, brotherhood and social welfare. This will inevitably le ad to a society whereby every member will cooperate with each other and even compete constructively, as success in life is to obtain the ultimate happiness (falah). Thus mere maximization of profits cannot, therefore, be sufficient goal of a Muslim society.Maximization of output must be accompanied by efforts directed to ensure spiritual health at the inner core of human consciousness and justice and fair play at all levels of human interaction. Only development of this kind would be in conformity with the Maqasid al-Shariah. Despite progress in the improvements and introduction of an enabling Islamic capital market environment through various Shariah-compliant product innovations like sukuk, some structure which attempt to achieve the same economic outcome like conventional bond distort the Maqasid al-Shariah.This distortion stems from the restricted view of understanding Shariah, by only focusing on the legal forms of a contract rather than the substance especially when structurin g a financial product. The overemphasis on form over substance lead to potential abuse of Shariah principles in justifying certain contracts which in fact contradictory to the Shariah text and ultimately undermining the higher objectives of Shariah. Conclusion The methodology of interpreting the Quran integrates three approaches: Maqasid, contextualization, and social science research.The maqasid- oriented approach promotes a focus on the higher objectives intent, and purpose of the text. Contextualization offers insight as to the both the historical and contemporary circumstances relevant to the text, while social science research provides an understanding of the contemporary conditions and realities that enables the interpretation and application of the text to be directed towards achieving the higher objectives. The purposes of Islamic Law are not all equally evident. Some are clear to the general public, like basic ethical principles and the essential necessities of life.Others, however, require a trained jurists’ eye, because they are more subtle, and require deeper investigation to discern. This is where juristic reasoning really needs to be exercised. This is where the jurist qualified to engage in juristic reasoning – the mujtahid – comes into play, someone who can understand the sacred texts in conjunction with the broad purposes of Islamic Law and then apply this knowledge to the actual circumstances of the outside world in order to come up with an appropriate legal ruling.Our present need is all the more acute due to the paucity of understanding that Muslims have regarding what Islam wants for Muslim society and for the people – the protection of their liberties, the effective management of their affairs, the cultivation of virtue among them, the prohibition of vice, the development of their resources, the advancement of their capabilities, and the inculcation of the value of being a productive member of society.Todayâ₠¬â„¢s Muslims are in need of all of these things, people who often know a lot of Islamic legal rulings but know very little about the purposes behind them. I also propose to add economic development and strengthening of Research and Development in technology and science to the structure of  Maqasid al-Shariah as they are crucially important in determining the standing of the ummah in the world community. Lastly Maqasid al-Shariah remains open to further enhancement which will depend, to some extent, on the priorities of every age.We should understand that Maqasid Al-Shariah is an important discipline which can play a crucial role in economics, finance and business transactions nowadays. It is time to go forward with full implementation of Maqasid Al-Shariah in finance, business and economic activities to achieve the noble adjectives of the Shariah. These objectives give value to finance, banking, trade and all business transactions. We believe that the implementation of Maqasid Al -Shariah will enhance the performance of finance and trade, and establish justice in the business community and society at large.Furthermore, the achievement of Shariah objectives in business transactions creates happiness and satisfaction, and fulfills the needs of society in terms of wealth. Islam allows all financial activities and transactions leading to the actualization to its noble objectives. Furthermore, investment is considered as an obligation upon all Muslims. This means Muslims have to make use of the wealth in their hands in order to make it grow and gain more profit and benefits. Wealth which is not invested as hoarded.Although the underlined main principles are closely linked to the main objectives of the Shariah in financial activities and transactions, one cannot deny that there are other subsidiary principles, such as prohibition of making money from money, or prohibition of Najash and certain types of sales.References: 1. Dr. Ahcene Lahsasna (2011). Shariah Aspec ts of Business and Finance: INCEIF CIFP. Part 1, January Semester, 2012: Kuala Lumpur: International Centre for Education in Islamic Finance. . Dr. Ahcene Lahsasna (2011). Shariah Aspects of Business and Finance: INCEIF CIFP. Part 1, January Semester, 2012: Online Class Lectures. Kuala Lumpur: International Centre for Education in Islamic Finance. 3. Dr. Asyraf Wajdi Dusuki. â€Å"Challenges of realizing Maqasid Al-Shariah in Islamic Capital Market† 4. Dr. Mohammad Hashim Kamali. â€Å"Maqasid Al-Shariah: The objectives of Islamic law† ———————– The Global University of Islamic Finance