Islamic Micro-Insurance * Micro-Takaful: Basic Exposition
... and economic sectors of an economy by minimizing risk of all economic activities, on the one hand and producing long-term financial resources, on the other hand. An efficient and productive insurance sector also indirectly contributes to economic growth of a country by converting savings into invest ...
... and economic sectors of an economy by minimizing risk of all economic activities, on the one hand and producing long-term financial resources, on the other hand. An efficient and productive insurance sector also indirectly contributes to economic growth of a country by converting savings into invest ...
Does capital market reform boost savings?
... 3. Modeling the impact of funded schemes on savings The impact of the pension system on individual saving has been a concern since Feldstein’s (1974) pioneering paper, which centers around the funding status of social security, that is the degree to which an unfunded pension system reduces private s ...
... 3. Modeling the impact of funded schemes on savings The impact of the pension system on individual saving has been a concern since Feldstein’s (1974) pioneering paper, which centers around the funding status of social security, that is the degree to which an unfunded pension system reduces private s ...
EVA VERSUS TRADITIONAL ACCOUNTING MEASURES OF
... Eva recognizes that when managers employ capital they must pay for it, just as if it were a wage. EVA aligns decision making with shareholder wealth. The primary financial objective of any company should be to maximize the wealth of its shareholders. The value of a company depends on the extent to w ...
... Eva recognizes that when managers employ capital they must pay for it, just as if it were a wage. EVA aligns decision making with shareholder wealth. The primary financial objective of any company should be to maximize the wealth of its shareholders. The value of a company depends on the extent to w ...
Follow the money - Bretton Woods Project
... to upper-middle-income countries such as Russia, Brazil, China and Turkey, despite the poor living predominantly in low-income and lower-middle-income countries. Additionally, at least $2.2 billion worth of public money from the IFC was channelled through secrecy jurisdictions because of their attra ...
... to upper-middle-income countries such as Russia, Brazil, China and Turkey, despite the poor living predominantly in low-income and lower-middle-income countries. Additionally, at least $2.2 billion worth of public money from the IFC was channelled through secrecy jurisdictions because of their attra ...
Report - Millennium Hotels and Resorts
... market pressure affecting business that will be going through further levels in parts of Asia, revenues were further impacted by the removal of a net transformation and improvement in the near future. The property is in an 290,000 room nights from the system over the course of the year mainly due to ...
... market pressure affecting business that will be going through further levels in parts of Asia, revenues were further impacted by the removal of a net transformation and improvement in the near future. The property is in an 290,000 room nights from the system over the course of the year mainly due to ...
Risk measures and robust optimization problems
... If a monetary measure of risk ρ is positively homogeneous, then it is normalized, i.e., ρ(0) = 0. Under the assumption of positive homogeneity, convexity is equivalent to • Subadditivity: ρ(X + Y ) ≤ ρ(X) + ρ(Y ). This property allows to decentralize the management of risk arising from a collection ...
... If a monetary measure of risk ρ is positively homogeneous, then it is normalized, i.e., ρ(0) = 0. Under the assumption of positive homogeneity, convexity is equivalent to • Subadditivity: ρ(X + Y ) ≤ ρ(X) + ρ(Y ). This property allows to decentralize the management of risk arising from a collection ...
Annual Report and Accounts 2002-2003 – Subsidiary
... I-Sec Sovereign Bond Index (i-BEX) clocked principal returns of 5.9% and total returns of 15.0% in 2002-2003. Although the past year did not see the introduction of any new products, fixed income markets can look forward to new products like STRIPS, exchange-traded interest rate derivatives and cred ...
... I-Sec Sovereign Bond Index (i-BEX) clocked principal returns of 5.9% and total returns of 15.0% in 2002-2003. Although the past year did not see the introduction of any new products, fixed income markets can look forward to new products like STRIPS, exchange-traded interest rate derivatives and cred ...
The Information Content of Options Trading
... and all options maturity days from January 2002 to December 2005. One of the unique features of our dataset is that each transaction record can be identified for different investor classes,4 which enables us to classify the associated transaction volume into four main investor classes comprising of ...
... and all options maturity days from January 2002 to December 2005. One of the unique features of our dataset is that each transaction record can be identified for different investor classes,4 which enables us to classify the associated transaction volume into four main investor classes comprising of ...
Auto Callable Contingent Interest Notes Linked to the Lesser
... Because the closing level of each Index on the fourth Review Date is greater than or equal to its Initial Value, the notes will be automatically called for a cash payment, for each $1,000 principal amount note, of $1,014.50 (or $1,000 plus the Contingent Interest Payment applicable to the fourth Rev ...
... Because the closing level of each Index on the fourth Review Date is greater than or equal to its Initial Value, the notes will be automatically called for a cash payment, for each $1,000 principal amount note, of $1,014.50 (or $1,000 plus the Contingent Interest Payment applicable to the fourth Rev ...
A common risk classification system for the Actuarial Profession
... Risk classification relates to how an organisation defines the risks it faces. Coherent classification is essential to Enterprise Risk Management (ERM), as ambiguity will lead to confused reporting and management of risk (see Section 2.7 of the International Actuarial Associations Practice Note on E ...
... Risk classification relates to how an organisation defines the risks it faces. Coherent classification is essential to Enterprise Risk Management (ERM), as ambiguity will lead to confused reporting and management of risk (see Section 2.7 of the International Actuarial Associations Practice Note on E ...
397Analysis of bubble in Shanghai housing marketHL
... Afterwards, the concept of bubble will be introduced, and the theoretical analysis of real estate bubble would be processed and the present research method about real estate bubble would be also summarized as well as the notable real estate bubble in late 1980s in the US. Further attention would be ...
... Afterwards, the concept of bubble will be introduced, and the theoretical analysis of real estate bubble would be processed and the present research method about real estate bubble would be also summarized as well as the notable real estate bubble in late 1980s in the US. Further attention would be ...
Correlated Trading and Returns
... Why do individual investors move together? Answering this question requires understanding why individuals actively trade stocks and voluntarily take on idiosyncratic risk and high transaction costs. Knowing the investor’s identity, characteristics of his trades, and his stock, bond, fund, and option ...
... Why do individual investors move together? Answering this question requires understanding why individuals actively trade stocks and voluntarily take on idiosyncratic risk and high transaction costs. Knowing the investor’s identity, characteristics of his trades, and his stock, bond, fund, and option ...
RTF - Vornado Realty Trust
... Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to su ...
... Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to su ...
11: Corporate Finance: Corporate Investing and Financing Decisions
... b: Define and calculate the component cost of: 1) debt 2) preferred stock 3) retained earnings (3 different methods) and 4) newly issued stock or external equity. ...
... b: Define and calculate the component cost of: 1) debt 2) preferred stock 3) retained earnings (3 different methods) and 4) newly issued stock or external equity. ...
Economic Value Added (EVA), Agency Costs and Firm Performance
... that accounting practices are more detailed than standards in terms of contents and usability, and standards lag ongoing innovations in practice. Another major criticism of the traditional accounting measures is the inherent assumption that a firm is no more than an entity, which is limited to facil ...
... that accounting practices are more detailed than standards in terms of contents and usability, and standards lag ongoing innovations in practice. Another major criticism of the traditional accounting measures is the inherent assumption that a firm is no more than an entity, which is limited to facil ...
capital budgeting
... 5. Financing costs are ignored: This may seem unrealistic, but it is not. Most of the time, analysts want to know the after-tax operating cash flows that result from a capital investment. Then these after-tax cash flows and the investment outlays are discounted at the required rate of return to find ...
... 5. Financing costs are ignored: This may seem unrealistic, but it is not. Most of the time, analysts want to know the after-tax operating cash flows that result from a capital investment. Then these after-tax cash flows and the investment outlays are discounted at the required rate of return to find ...
Dividend Policy, Strategy and Analysis
... board of directors of National Intergroup to liquidate what little was left. Like National Intergroup, Nortek, Inc., bought and sold a number of quite different businesses—over thirty—during the years 1980-1988. Ostensibly a defense contractor, Nortek had asked Drexel Burham Lambert in 1985 to raise ...
... board of directors of National Intergroup to liquidate what little was left. Like National Intergroup, Nortek, Inc., bought and sold a number of quite different businesses—over thirty—during the years 1980-1988. Ostensibly a defense contractor, Nortek had asked Drexel Burham Lambert in 1985 to raise ...
Sky - Ofcom
... Ofcom’s review should be on whether to make a MIR to the CMA under the Enterprise Act 2002 (“EA02”) in relation to fixed line communications services. In this Part A Sky explains that the serious and growing problems affecting the communications sector demonstrate that making a MIR to the CMA should ...
... Ofcom’s review should be on whether to make a MIR to the CMA under the Enterprise Act 2002 (“EA02”) in relation to fixed line communications services. In this Part A Sky explains that the serious and growing problems affecting the communications sector demonstrate that making a MIR to the CMA should ...
tactical timing of low volatility equity strategies
... rising rates. However, the return difference is not large, 2% on an annualized basis, and the average total return to the low volatility strategy was still above 9%. Moreover, in terms of risk-adjusted returns as measured by the Sharpe Ratio the two were even closer (0.09 difference). Though the exp ...
... rising rates. However, the return difference is not large, 2% on an annualized basis, and the average total return to the low volatility strategy was still above 9%. Moreover, in terms of risk-adjusted returns as measured by the Sharpe Ratio the two were even closer (0.09 difference). Though the exp ...
Guideline - OSFI-BSIF
... minimum Total Ratio of 100% may be considered acceptable. However, life insurers are exposed to more risks than those for which calculations are specified. Consequently, the minimum Total Ratio for life insurers is set at 120% rather than 100% to cover operational risks that are not explicitly measu ...
... minimum Total Ratio of 100% may be considered acceptable. However, life insurers are exposed to more risks than those for which calculations are specified. Consequently, the minimum Total Ratio for life insurers is set at 120% rather than 100% to cover operational risks that are not explicitly measu ...
Financial Ratio Medians-2015.indd
... from turnover in both the numerator and denominator. This means figures from the Statement of Cash Flows are needed. Net turnover-related entrance fees are the cash flows associated with residents moving into previously occupied units. By comparing the results of this ratio to the NOM, the user can ...
... from turnover in both the numerator and denominator. This means figures from the Statement of Cash Flows are needed. Net turnover-related entrance fees are the cash flows associated with residents moving into previously occupied units. By comparing the results of this ratio to the NOM, the user can ...
Investment fund
An investment fund is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group. These advantages include an ability to: hire professional investment managers, which may potentially be able to offer better returns and more adequate risk management; benefit from economies of scale, i.e., lower transaction costs; increase the asset diversification to reduce some unsystemic risk.Terminology varies with country but investment funds are often referred to as investment pools, collective investment vehicles, collective investment schemes, managed funds, or simply funds. An investment fund may be held by the public, such as a mutual fund, exchange-traded fund, or closed-end fund, or it may be sold only in a private placement, such as a hedge fund or private equity fund. The term also includes specialized vehicles such as collective and common trust funds, which are unique bank-managed funds structured primarily to commingle assets from qualifying pension plans or trusts.Investment funds are promoted with a wide range of investment aims either targeting specific geographic regions (e.g., emerging markets or Europe) or specified industry sectors (e.g., technology). Depending on the country there is normally a bias towards the domestic market due to familiarity, and the lack of currency risk. Funds are often selected on the basis of these specified investment aims, their past investment performance, and other factors such as fees.