Naswar Corner

[SpArK]

It happened at a New York Airport. This is hilarious. I
wish I had the guts of this girl. An award should go to the United
Airlines gate agent in New York for being smart and funny, while
making her point, when confronted with a passenger who probably
deserved to fly as cargo. For all of you out there who have had to
deal with an irate customer, this one is for you.

A crowded United Airlines flight was canceled. A
single agent was re-booking a long line of inconvenienced travelers.

Suddenly, an angry passenger pushed his way to the desk. He slapped his ticket on the counter and said, "I HAVE to be on this flight and it has to be FIRST CLASS."

The agent replied, "I'm sorry, sir. I'll be happy to try
to help you, but I've got to help these folks first; and then I'm
sure we'll be able to work something out."

The passenger was unimpressed. He asked loudly, so that
the passengers behind him could hear, "DO YOU HAVE ANY IDEA WHO I AM?"

Without hesitating, the agent smiled and grabbed her
public address microphone. "May I have your attention, please?", she began, her voice heard clearly throughout the terminal. "We have a passenger here at Gate 14 WHO DOES NOT KNOW WHO HE IS. If anyone can help him with his identity, please come to Gate 14".

With the folks behind him in line laughing hysterically,
the man glared at the United Airlines agent, gritted his teeth, and said, "F*** You!"

Without flinching, she smiled and said, "I'm sorry sir,
you'll have to get in line for that, too."

Life isn't about how to survive the storm, but how to
dance in the rain.

 

[Marshmallow]

Grooming @ NUST/LUMS?

groomin in all matters he wants to say

 

[Mani2020]

I know I saw the website of USQ & their affiliate academic partner in Islamabad ! But UOL external is till better because the University of London is after of a better standing than USQ !

But whats better than both are LUMS, IBA (Karachi), NUST & maybe even LSE ! Grooming counts for a lot.

oye lse is way better than NUST

 

[Armstrong]

Grooming @ NUST/LUMS?

Okay so its not that great but its the best that Pakistan offers in an otherwise sh*tty academic scene !

ty ill for sure keep UOL in da list and for ur last line as for Uniz out of City,plz read my edited post n u will know da reason

http://www.defence.pk/forums/members-club/209904-naswar-corner-1247.html#post3850813

Well your mother does own you she bore you didn't she & then brought you up with love, care & sacrifice !

By the way my Mom does the same & yet I the disobedient son don't listen to her always !

oye lse is way better than NUST

Sir NUST is the only institution of Pakistan that crosses the best 500 or so Universities in Pakistan !

It ain't that great but it sure as hell isn't so bad either but I'm sure LSE is a fine...fine institution too & perhaps one that is better. But yaaar they took in every tom, d*ck & harry from amongst my friends, the ones who barely scrapped through with Cs in their A'levels - Even they are there !

Koiii admission criteria bhii haiii tum logoon ka ya nahin ?

 

[Marshmallow]

Okay so its not that great but its the best that Pakistan offers in an otherwise sh*tty academic scene !



Well your mother does own you she bore you didn't she & then brought you up with love, care & sacrifice !

By the way my Mom does the same & yet I the disobedient son don't listen to her always !

hahah and yet u lecture me all da time to obey ur mom

it just proves dat i do da right thing by disobeyin her most of da time

 

[Armstrong]

groomin in all matters he wants to say

Kiddo grooming is what differentiates the best from the good !

Do you think London School of Economics, University College London, National University of Singapore & others teach any revolutionary form of accounting or finance to their candidates that defies established conventions ? No...they just teach them better & groom their students to be exponentially better Business Leaders than others.

The ones at the Ivy Leagues do this even better.

 

[Mani2020]

Okay so its not that great but its the best that Pakistan offers in an otherwise sh*tty academic scene !



Well your mother does own you she bore you didn't she & then brought you up with love, care & sacrifice !

By the way my Mom does the same & yet I the disobedient son don't listen to her always !



Sir NUST is the only institution of Pakistan that crosses the best 500 or so Universities in Pakistan !

It ain't that great but it sure as hell isn't so bad either but I'm sure LSE is a fine...fine institution too & perhaps one that is better. But yaaar they took in every tom, d*ck & harry from amongst my friends, the ones who barely scrapped through with Cs in their A'levels - Even they are there !

Koiii admission criteria bhii haiii tum logoon ka ya nahin ?

for bachelor its the case as the intake is greater but for MBA its not the case ....a person with minimum 3 cgpa can apply ...yar NUST ki woh ranking engineering ma ha and not in business ...you are focusing on overall ranking and not in that particular field...even LUMS has started engineering but tell me where would you go for an engineering UET or LUMS definitely UET coz LUMS ranking is in business so is the case with NUST ...lse is better in business compared to NUST ,,,kabhi companies k job ads dekhey hain lahore may for MBAs ...many have written students from lums and lse will be preferred

 

[Armstrong]

[/B]

hahah and yet u lecture me all da time to obey ur mom

it just proves dat i do da right thing by disobeyin her most of da time

Well I can do that because I'm my Mom's baby & only son !

But you on the other hand are a fat cow that munches on Lahori paeyes all the time !

 

[Marshmallow]

Kiddo grooming is what differentiates the best from the good !

Do you think London School of Economics, University College London, National University of Singapore & others teach any revolutionary form of accounting or finance to their candidates that defies established conventions ? No...they just teach them better & groom their students to be exponentially better Business Leaders than others.

The ones at the Ivy Leagues do this even better.

i know i was jus joking,its obvious that there is no comparison between LUMS,NUST,COMSATS etc and FAST type of inst.

 

[Mani2020]

Well I can do that because I'm my Mom's baby & only son !

But you on the other hand are a fat cow that munches on Lahori paeyes all the time !

tunay kahan dekh liya

i know i was jus joking,its obvious that there is no comparison between LUMS,NUST,COMSATS etc and FAST type of inst.

my bba was from comsats

 

[Armstrong]

i know i was jus joking,its obvious that there is no comparison between LUMS,NUST,COMSATS etc and FAST type of inst.

I know I was being an angry Big Brother !

 

[Marshmallow]

Well I can do that because I'm my Mom's baby & only son !

But you on the other hand are a fat cow that munches on Lahori paeyes all the time !

hahah and im their only child,had one brother but he died very young...


and stop callin me kid all the time

 

[HRK]

Hammad Bhai :

(a) Murabaha is effectively a form of credit sale whereby a customer receives goods but pays for them later on a fixed date. How is this price agreed upon ? By discounting the present value of the asset to that future fixed date & adding a Profit Margin (Mark Up) to it !

Interest aur kisss tarhaan calculate hottaa haiii - Time Value of Money + Profit !

Aur discounting aur kiss cheeez pe kiii jaaattiii haiii if not the interest rate ?

Dear first understand in Islamic banking loans would be asset back or in simple terms your are not given fund but sale of commodity would be made........so in this form you are charged profit with the known rate......now here could one ask how that rate would be calculated same as you asked.......for this dear currently Islamic banks are also using market rates.....below is a fatwa from Al-Barka bank this may help you.

http://www.albaraka.com/media/pdf/Research-Studies/RSMR-200706201-EN.pdf

(b) Ijara is effectively a lease with Ijara-wa-Iqtina as Finance Lease ! Yes the lessor remains the owner of the asset but the lessee is still paying him a rental amount each month calculated just like the above !

So my dear what is your point here......Dear

An Islamic Ijarah is an asset-based contract, i.e. the Lessor should have ownership of the asset during the period of the contract. Under Islamic Shariah, all ownership related rights and liabilities should lie with the owner while all usage-related rights and liabilities should lie with the user. A conventional lease contract does not distinguish between the nature of these liabilities and places all liabilities on the user of the asset, which is contradictory to Islamic Shariah.
Under Ijarah, all ownership-related risks lie with the Bank while all usage related risks lie with the user, thus making the Lessor the true owner of the asset and making the income generated through the contract permissible (Halal) for the Bank.

Meezan Bank Ltd. | Car Ijarah

(c) Muduraba is a special kind of equity financing but equity financing nonetheless.

In Mudarba Owner of the fund is RAB Ul MAAL.......and the person/organization who manage fund are MUDARIB..... Mudarib just manage the funds and receive the share for the management of funds.....Mudarib is not liable to pay lose of funds nor Mudarib share the lose....if that lose is not occurred due to his negligence..... but the profit would be share with Mudarib.......

Following two links could be helpful.......

http://www.sbp.org.pk/ibd/Handbook-IBD.pdf
www.sbp.org.pk/.../Pool%20managemeent%20reply%20to%20questions. pptx

Equity financing include financing Loans and SHE.....so it not exactly same as MUDARBA.....

(d) Musharaka is similar to Venture Capitalism !

Musharakah means relationship established under a contract by the mutual consent of the parties for sharing of profits and losses, arising from a joint enterprise or venture.
http://www.google.co.uk/url?sa=t&rct=j&q=musharaka&source=web&cd=6&cad=rja&sqi=2&ved=0CFAQFjAF&url=http%3A%2F%2Fwww.alhudacibe.com%2Fimages%2FPresentations%2520on%2520Islamic%2520Banking%2520and%2520Finance%2FMusharakah%2520%26%2520Modarabah%2FMusharaka%2520by%2520Muhammad%2520Zubair%2520Usmani%2520.ppt&ei=djoEUdfrN6e30QWB04HYBg&usg=AFQjCNEhw1XieDm2G20nAb2O2bfsS_VamA&bvm=bv.41524429,d.d2k

(e) Sukuk is the same as debt finance !

slamic bonds, structured in such a way as to generate returns to investors without infringing Islamic law (that prohibits riba or interest).
Sukuk represents undivided shares in the ownership of tangible assets relating to particular projects or special investment activity. A sukuk investor has a common share in the ownership of the assets linked to the investment although this does not represent a debt owed to the issuer of the bond.
In the case of conventional bonds the issuer has a contractual obligation to pay to bond holders, on certain specified dates, interest and principal. In contrast, under a sukuk structure the sukuk holders each hold an undivided beneficial ownership in the underlying assets.
Consequently, sukuk holders are entitled to a share in the revenues generated by the Sukuk assets. The sale of sukuk relates to the sale of a proportionate share in the assets.

Sukuk (Islamic Bonds) Definition from Financial Times Lexicon

The Piety Premium of Islamic Bonds :: Middle East Quarterly

Sukuk vs. Conventional Bonds
A bond is a contractual debt obligation whereby the issuer is contractually obliged to pay to bondholders, on certain specified dates, interest and principal, whereas, the sukuk holders claims an undivided beneficial ownership in the underlying assets. Consequently, sukuk holders are entitled to share in the revenues generated by the sukuk assets as well as being entitled to share in the proceeds of the realization of the sukuk assets.

A distinguishing feature of a sukuk is that in instances where the certificate represents a debt to the holder, the certificate will not be tradable on the secondary market and instead is held until maturity or sold at par.
Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) defines sukuk as being:

“Certificates of equal value representing after closing subscription, receipt of the value of the certificates and putting it to use as planned, common title to shares and rights in tangible assets, usufructs and services, or equity of a given project or equity of a special investment activity”.

http://ifresource.com/2010/04/27/how-sukuk-works-introduction-structuring-and-application-of-sukuk-bonds/

Touu bhai one may be able to say that Islamic Finance might be a bit more ethical than Conventional Banking in that the burden is on the Bank too & not only the User but the element of Interest is right there in front of us albeit with a different names 'Fees', 'Markup' etc.

Which means, essentially, Islamic Banking is an ethical Topi Drama !



Chal beii huttt !

I'm as manly as they make !

 

[Armstrong]

hahah and im their only child,had one brother but he died very young...


and stop callin me kid all the time

I'm so sorry to hear that !

But you are a kid...a 17 year old kid....what else should I call you ?

 

[Marshmallow]

tunay kahan dekh liya



my bba was from comsats

frm Lahore or Isl?