Contractual Forms in Islamic Finance Law and Islamic Inv. Co. of the Gulf (Bahamas) Ltd. v. Symphony Gems N.V. & Ors.: A First Impression of Islamic Finance

This Article focuses on the case of Islamic Investment Company of the Gulf (Bahamas) Ltd. v. Symphony Gems N.V. & Others (“Symphony Gems”). Symphony Gems is the first instance where a Western court of law ruled on an Islamic financial transaction. Symphony Gems illuminates the challenges and tensions within the industrial complex of Islamic finance as it seeks to exist and thrive in a commercial reality where the regulatory framework and its associated assumptions (both theoretical as well as those of commercial practice) differ markedly from those of Islamic law and the contemporary Islamic financial industry. The resulting transactions often deviate from the classical modes or forms upon which they are supposed to be based. From a conventional finance perspective, Islamic transactions can be criticized as being anomalous, inefficiently structured and obliquely documented. Symphony Gems arose out of the applicability of an Islamic financial contract known as a murabahah. This Article will explain both the conceptual basis and the contemporary usage of the murabahah contract and, more generally, the challenges of integrating Islamic financial concepts into the Anglo-American legal system that predominates the modern global economy. Murabahah contracts, simply stated, involve the sale of an item, through a middleman, in which the ultimate buyer is aware of the middleman\u27s costs in obtaining the item. As discussed later in this Article, murabahah contracts in contemporary practice closely approximate conventional financing mechanisms, particularly the economics underlying a similarly-profiled conventional commercial financing. This is why murabahah contracts are so popular. Therefore, it is not surprising that the first instance in which a Western court of law has examined and opined upon an Islamic financial contract involves a murabahah sale

Correlation of Atrial Fibrillation with Left Atrial Volume in Patients with Mitral Stenosis. a Single Centre Study From Pakistan

Background: Rheumatic heart disease has a strong association with mitral valve stenosis. Atrial fibrillation is one of the most common complications of this condition and is a poor prognostic factor. Early detection and prompt management of atrial fibrillation can help to improve the quality of life and increase the life expectancy of the patients. We carried out this study to investigate the significance of left atrial volumetric changes in mitral stenosis and its correlation with atrial fibrillation. Methodology: We audited the data of 60 patients of rheumatic heart disease who had mitral valve stenosis. The patients were randomized into atrial fibrillation (Group A) and normal sinus rhythm (Group B). We conducted this cross-sectional analytical study at Cardiology Department, Mayo Hospital, Lahore, from 1st February 2017 to 31st January 2018. We only included those patients who consented to be a part of this study and fulfilled our predefined inclusion criteria. Left atrial volume was measured by prolate ellipse method and biplane methods on echocardiography. The Data was analyzed on SPSS v20. Results: Sixty patients were included in the study. Among the subjects, thirty-six (60%) were males, and twenty-four (40%) were females. Atrial fibrillation was noted in 43.33% of the patients of mitral valve stenosis. There was a marked difference in the mean volume of the left atrium among the two groups. We observed that the mean area of the mitral valve for Group A patients was larger than that of patients in Group B. Our study showed an inverse correlation between left atrial volume and mitral valve area among Group A patients. Conclusion: Patients of mitral stenosis are at an increased risk of developing atrial fibrillation if the left atrial volume is increasing. All patients with mitral stenosis should have routine echocardiography & measurement of left atrial volumes, so that proper treatment can be started if the left atrial volume is increasing, to prevent atrial fibrillation

Lubrication effects on the flow of wet granular materials

We investigate the dynamics of a partially saturated grain-liquid mixture with a rotating drum apparatus. The drum is partially filled with the mixture and then rotated about its horizontal axis. We focus on the continous avalanching regime and measure the impact of volume fraction and viscosity of the liquid on the dynamic surface angle. The inclination angle of the surface is observed to increase sharply to a peak and then decrease as a function of liquid volume fraction. The height of the peak is observed to increase with rotation rate. For higher liquid volume fractions, the inclination angle of the surface can decrease with viscosity before increasing. The viscosity where the minima occurs decreases with the rotation rate of the drum. Limited measurements of the flow depth were made, and these were observed to show only fractional changes with volume fraction and rotation speeds. We show that the qualitative features of our observations can be understood by analyzing the effect of lubrication forces on the timescale over which particles come in contact.Comment: 7 pages, 8 figure

Effects of salinity, temperature, light intensity and light regimes on production, growth and reproductive parameters of Apocyclops dengizicus

The effects of salinity, temperature, and light conditions on production and development, longevity, survival and sex ratios of the cyclopoid copepod, A. dengizicus were determined. Seven different salinity levels (5, 10, 15, 20, 25, 30, 35 psu), four temperatures (20, 25, 30, 35 °C), three different light intensities (33.3, 85.3, 162.1 μmol photons/ m^2/ s) and light regimes (24:0, 0:24, and 12:12 h light:dark regime) were employed. The highest production was achieved under 20 psu salinity. The optimum temperature required for the maximum reproduction and shortest development time was 35 °C. The production was highest (p<.05) and development rate of A. dengizicus was shortest (p<.05) under the lowest light intensity (33.3 μmol photons/ m^2/ s). Continuous light (24:0 h LD) showed positive effects on growth and production. Light regimes 24:0 h and 12:12 h LD yielded the highest total production and growth (p<.05), with highest (p<.05) survival percentage. This study demonstrated that A. dengizicus can tolerate wide range of environmental conditions and can be cultured for commercial live feed purposes as well as toxicity studies

Monitoring teških metala (Cu, Pb, Cd, Zn) u vodama Shahid Beheshti mrestilišta jesetri, Rasht, Iran

The presence of heavy metals; copper (Cu), lead (Pb), cadmium (Cd) and zinc (Zn) in water was monitored during different stages of breeding and rearing of Acipenser persicus at the Shahid Beheshti Sturgeon Hatchery. Water samples were collected (3 samples from each point) from the main pond, Kurenski pond, incubators, vniro tanks, earthen ponds and at the river estuary where fingerlings are released into the sea. Water parameters such as pH and water and air temperature were measured and recorded at the time of sampling. Heavy metal concentrations in water samples were determined using Atomic Absorption Spectrophotometer FAAS-Varian AA-220. In the present study the distribution pattern for heavy metal concentrations in different stages of breeding and rearing was as follows: Zn>Cu>Pb>Cd. Highest concentrations of heavy metals belonged to the element Zn (36.0±3.6 ppb) which was determined in the water sample collected from the inlet of master pond. Lowest concentration for Zn recorded was 0.98±0.26 ppb. Highest concentration for Cu was 10.5±1.18 ppb and the lowest concentration for this element was 0.65±0.26 ppb. The highest and lowest concentrations recorded for lead were 9.33±1.19 and 0.15 ±0.01 ppb, respectively, while those for cadmium were 0.116±0.019 and 0.016±0.003 ppb, respectively. The results obtained indicate the presence heavy metals studied in the water samples although they were lower than the maximum permissible concentration for these pollutants for the breeding and rearing of Acipenser persicus in sturgeon hatcheries

Developing a data sharing framework: a case study

Purpose: The purpose of the research project was to examine the process of developing a data sharing framework between different public sector organizations. Design / methodology / approach: A two year case study of a data sharing project between a UK fire and rescue service, local council, NHS primary care trust and a police force was undertaken. Findings: It is important to carefully determine the requirements for data sharing, to establish data sharing agreements, to have secure arrangements for data sharing, and to ensure compliance with data protection legislation. Research limitations / implications: Data sharing between public sector organizations can operate effectively if appropriate care is taken when creating data sharing agreements between partner organizations. Practical implications: Data sharing can assist in reducing duplication of effort between public sector organizations, and can reduce costs and enable more co-ordinated provision of public services. Social implications: Data sharing can assist in identifying citizens who might otherwise have been overlooked to relevant organizations. Data sharing can also assist in reducing risks associated with individuals and promote more independent living. Originality / value: The detailed analysis of a data sharing case study identified the need for a systematic data sharing framework. Such a framework is proposed and illustrated with practical examples of specification, implementation and evaluation. Key words: Data sharing framework public sector management data protection legislatio

Improving healthcare system usability without real users: A semi-parallel design approach

Copyright © 2015 IGI Global. This paper describes an early stage usability study conducted on a prototype system designed to capture and analyse Patient Reported Outcome Measures (PROMs) activities. The system - PROMS 2.0, was developed by Bluespier for the trauma and orthopaedic department in Trafford Hospital, Manchester, United Kingdom (UK). The Centre for Health and Social Care Informatics (CHaSCI), Liverpool John Moores University (LJMU) examined the system without real users, identified potential usability issues and suggested possible solutions for improvements before final release by Bluespier. Three different approaches were adopted for evaluating user interface (UI) design without users. The first approach is the Cognitive Walkthrough (CW), a task-oriented technique capable of identifying issues through action sequence required to perform a task. The second approach is action analysis which predicts the time a skilled user would need to perform a task. The third approach is heuristic evaluation which tends to identify problems based on recognised standards. Results support the argument from relevant cognitive psychology theories and user-centric design principles that UI evaluation without real users is a useful tool in yielding rapid output for subsequent enhancement. It is concluded that semi-parallel design concept could be the key to timely delivery of software design projects