Whether we look at individuals, cities, or nations, everyone and everything has an impact on the Earth because we consume the finite products and services of nature. As a result, we each leave an ecological footprint, some environmental impact caused by the amount of natural resources we use and waste output we create. Footprints are calculated for countries by measuring the amount of resources (e.g. fossil fuel, acreage and land, housing, and transportation) consumed in a given year. Individual footprints can also be estimated.
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Structure of the Balance Sheet of Islamic Banks Distributed: 23rd March, 2015 Last Edited: twentieth August, 2018 Disclaimer: This paper has been presented by an understudy. This isn’t a case of the work composed by our expert exposition authors. You can see tests of our expert work here. Any assessments, discoveries, ends or suggestions communicated in this material are those of the writers and don’t really mirror the perspectives of UK Essays. Presentation Structure of the Balance Sheet of Islamic Banks Liquidity is an imperative normal for banks. By their exceptionally nature, banks change the term of their liabilities to have diverse developments on the advantage side of the accounting report. In the meantime, banks must have the capacity to meet their responsibilities, for example, stores at the time when they end up due. In this manner, liquidity administration lies at the core of trust in the saving money activity. Clients put their stores with a bank, certain they can pull back the store when they wish. In the event that the capacity of the bank to pay out on request is scrutinized, all its business might be lost medium-term. The significance of liquidity rises above the individual organization, since a liquidity setback at a solitary foundation may conjure fundamental repercussion making hurt the entire money related steadiness of a nation. In this way it is vital for banks to have satisfactory liquidity potential when it can get adequate supports speedily and at a sensible cost. For Islamic banks, liquidity hazard is a critical hazard inferable from the constrained accessibility of Shariah-perfect currency advertise instruments and Lender-Of-Last-Resort (LOLR) offices. Subsequently, the ongoing presentation of ware murabahah instrument in view of tawarruq idea by Central Bank of Malaysia is regarded as a creative way to deal with liquidity administration. It unquestionably adds to the rundown of instruments for Islamic banks to deal with their liquidity all the more viably and proficiently. This paper audits the structure and instrument of ware murabahah especially for liquidity administration reason. As will be apparent in this paper, this instrument has its own particular leverage which claims to specific professionals who were already awkward with `inah-based instruments (www.acrobatplanet.com). Liquidity administration lies at the core of trust in the keeping money task. Clients put their stores with a bank, sure they can pull back the store when they wish. On the off chance that the capacity of the bank to pay out on request is scrutinized, all its business might be lost medium-term. As a rule terms, liquidity alludes comprehensively to the capacity to exchange instruments rapidly at costs that are sensible in light of the basic request/supply conditions through the profundity, expansiveness and versatility of the market at the most reduced conceivable execution cost (Pervez, 2000). A splendidly fluid resource is characterized as one whose full present esteem can be acknowledged, i.e. transformed into obtaining control over merchandise and enterprises, promptly (Tobin, 1987). Money is splendidly fluid, thus for down to earth intentions are request stores, and different stores transferable to outsiders with check or wire, and interests in here and now fluid government securities (Abdul-Rahman, 1999). The significance of liquidity rises above the individual organization, since a liquidity deficit at a solitary foundation may summon fundamental repercussion making hurt the entire budgetary strength of a nation. In this way it is imperative for banks to have satisfactory liquidity potential when it can acquire adequate supports quickly and at a sensible cost (Heffernan, 1996). The worry over liquidity administration is likewise applicable to Islamic bank that holds illiquid resources while its liabilities are fluid, and holds resources unusual in esteem while ensuring the estimation of its liabilities. In this way, since Islamic banks take after a similar structure and qualities of a business banks’ monetary record, they are not invulnerable from liquidity chance. The potential befuddle amongst stores and speculation financing opens Islamic banks to liquidity issues. Then again, if the banks keep up excessively liquidity to abstain from getting into the liquidity issues may thusly hurt its gainfulness, hence making a correct harmony between the two destinations of wellbeing (www.acrobatplanet.com). Cockeyed sheet financing Likewise called engineered leases, this is the place an organization utilizes rules from various frameworks, for example, monetary and impose, to represent a benefit in various ways. For instance, I rent a PC from organization A. Since I don’t claim the PC (and I am expecting this is definitely not a capital rent), I get the chance to take the lease cost (for the rent) as a conclusion on the books, yet I don’t need to represent the advantage or the obligation, accordingly it isn’t on the asset report. This is appealing in light of the fact that it makes no obligation on the organization’s books. Usually done through a SPE (Special Purpose Entity). Despite the fact that lucrative, it has added to the destruction of organizations, for example, Enron. The lessor (organization A) keeps up the benefit on their books and, on the off chance that they financed it from another (organization B), the obligation too. Mastercard guarantors, contract organizations and different substances likewise utilize a sort of reeling sheet financing known as resource supported securitization (ABS). The ABS procedure adequately enables an organization to offer a part of the advances (receivables resources) to speculators, viably expelling the benefits from their accounting reports (permitting a lower level of stores, and, accordingly capital) while dealing with the overhauling of the obligation (http://wiki.answers.com). Points AND OBJECTIVES OF THE STUDY To consider the structure of the accounting report of Islamic banks To consider the “On Balance Sheet Financing” when contrasted with “Shaky financing”. Basic examination of the structure of the Balance Sheet of Islamic Banks. Foundation AND ANALYSIS Hazard administration and liquidity are of significant significance in the general managing an account domain, and they have clear pertinence likewise to the particular condition of Islamic saving money. In itself, Islamic keeping money is of developing centrality. Controllers have their own specific point of view on these issues. As a controller situated in London the Financial Statement Analysis (FSA) should center around the accompanying: The significance of London as a focal point of Islamic financing. The general part of the FSA as a controller – why sound direction is of basic significance in any money related commercial center, how it can help with encouraging rivalry and advancement. Hazard administration issues in managing an account: a rundown of the key components included. Hazard administration and liquidity issues as connected to Islamic managing an account. The point of view of the controller, and why the UK works a solitary administrative system for all organizations. The significance of London as a focal point of Islamic financing London is plainly one of the pre prominent focuses of Islamic fund, for two fundamental reasons. These are the nearness of sizeable Muslim people group in the UK; and the significance of London as a budgetary focus with the aptitude to grow new and inventive items. The FSA as Regulator respects the advancement of Islamic back, and would be cheerful to see this become further. Other vital focuses incorporate Bahrain and Malaysia (www.financeinislam.com). London assumes a part in four territories of centrality in Islamic managing an account: Exchange resources, for example, murabaha, istisna’a, and bai-al-salam. The market is most likely worth US$ 10 billion in the UK. Hardware renting – resource and accomplice determination, working leases and back leases Land – where financial specialists are searching for rental and capital advantages. Venture courses incorporate reserve administration, club exchanges, use subsidizing, and resource examination, corporate organizing and expense arranging. Bundling and conveying resources building arrangements. This incorporates a developing business sector in securitizations of pools of Shariah agreeable resources. The part of the FSA as a controller The Government has set the FSA four targets: Market certainty Open attention to the budgetary framework Buyer assurance Diminishing budgetary wrongdoing The new FSMA will get eleven standards for the treatment of business, which set out at an abnormal state how we expect a firm and its administration to behave. As far as least criteria, the FSA must be fulfilled that foundations have satisfactory capital, sufficient liquidity and sufficient power over vast exposures. Banks of what ever cause must be judiciously run and that their administration must be fit and appropriate for the assignment. Acceptable hazard administration, a sensible strategy for success, and satisfactory frameworks and controls should be plainly illustrated. The FSA must be fulfilled additionally that every foundation is liable to successful merged supervision – i.e., that one supervisory specialist assumes prime liability for managing the bank or keeping money amass all in all (www.financeinislam.com). Dangers, PROBLEMS AND CHALLENGES Hazard administration issues in Islamic managing an account Senior administration in any business must have the capacity to give viable hazard administration. The outcomes of inability to do as such are desperate, for instance, the crumple of Barings where legitimate controls and observing were not successfully set up: Controllers should make certain that such dangers are overseen in order to keep a most dire outcome imaginable, for example, the foundational crumple of an entire saving money framework. Basic issues for Islamic banks are the reputational dangers and legitimate dangers of rebelliousness from Shariah board necessities or potentially from participating in any exercises that were not seen as appropriately Islamic by the commercial center. The upkeep of trust among Islamic market members is significant (www.financeinislam.com). Credit chance This is the hazard that clients default and can’t benefit their obligations. Banks can likewise experience the ill effects of the over the top grouping of exposures to specific clients, ventures or nations. A>