زر اور معاوضۂ زر: سرمایہ دارانہ اور اسلامی نظام معیشت کے تناظر میں تجزیاتی مطالعہ

Money and its Compensation: An Analysis with Respect to Capitalism and Islamic Economic System In trade and commerce, money has remained the backbone of the business and trade. From the beginning to the end, money is an indispensable part of every economic activity. For this importance, money is treated as a factor of production. But the question is what is meant by money and whether the value of money can be recognized as a land, house, shop, car, bungalow and merchandise goods? And then what is the status if it is in the form of interest and it is linked to inflation? The research article underlines the key aspect regarding money and its compensation in the perspective of capitalistic and Islamic economic system. The qualitative and analytical approach was applied in this article. A literature review concluded that time value of money in capitalistic economy is unlimited while the Islamic economic system does not recognize its value in form of interest and with the association of inflation rate. It is recommended that business to be done on a profit and loss basis, rather than on debt and interest and instead of linking money to the inflation rate, alternatives should be proposed, for example if a person wants to take the loan, he should be given what he needs on cost plus profit basis.

Quality Management and the Mediating Role of Organizational Culture to Enhance Firm Performance: A Study of Manufacturing Sector of Pakistan

This research explores the phenomenon of organizational culture and its impact on Quality Management (QM) implementation assumed to enhance the firms’ performance in manufacturing sector of Pakistan. The study revolves around the QM philosophy impacting firms’ performance in the context of Pakistani manufacturing sector. Quantitative methodology has been used for seeking the answers to research questions. A structured questionnaire adapted from various landmark studies has been used for data collection in Pakistani textile industry through convenience sampling technique. Through the application of structural equation modelling on findings from surveys of 245 textile employees, organizational culture is found to have a mediating role in the relationship of quality management and organizational performance. The study contributes towards organizational theory through emphasizing the role of organizational culture in successful implementation of quality management programs. The research is useful in developing a tool for assessing the significance of organizational culture in successful QM implementation in manufacturing sector. Further research may be done to hypothesize the relationships of other mediating variables on successful QM implementation for higher performance. Moreover, other industries of manufacturing sector may be included in the sample to generate comparative studies.