اسلامی بینکوں میں رائج مرابحہ للآمر بالشراء میں عقدِ وکالت کی تطبیق: ایک جائزہ

The graph of development of Islamic Banking system is increasing day by day. It deals only those transaction which are not conflict with Shari'ah. Therefor the procedure of transaction of Islamic Banking is completely different from the conventional Banking system. Murābaha (Cost plus sale) or Murābaha li al-Āamir be al-Shēraá. (Cost plus sale for the purchase orderer) is a well-known financing mood. In this mood of financing, the Islamic bank bound to buy the required goods to the orderer and to sells him at higher price than the purchase price. Islamic Banks occasionally appoints an agent to buy the goods. Sometime the Islamic Banks appoints the purchase ordere himself as an agent. In this case, the contract of Murabaha and the contract of agency should not be related to each other. When the purchase orderer buys the goods as an agent, he will inform the Bank of his purchase, and the possession of the agent will be considered as the possession of the Bank. In this way, both contracts Murābaha and Wakālah are not related to each other. After this, the Bank will offer to sell him (purchase orderer) the goods and then he will accept the offer.

Comparative Study on Need- Based Work Motivation Among Employees of Public and Private Universities of Punjab, Pakistan

The study was based on an investigation about employee motivation practices in universities of Punjab. In this regard objectives of the study involved to assess the factors serving as motivation force for employees, comparison of motivational factors considered significant for employees of public and private universities, to compare motivation techniques used by public and private universities for employees and to evaluate the effect of motivation technique on motivation factors. Employee from public and private universities of Punjab responded against two study questionnaires (MFAS & MTAS). These tools of data collection were developed by the researcher in light of related literature and researches. Various statistical tests were used for data analysis like correlation, t-test, regression, percentages and factor analysis. A pilot testing was conducted for the verification of the tool with reference to its reliability and validity. Total faculty members of all public and private universities located in province of Punjab, Pakistan was population of this research. For sample selection, proportional stratified sampling technique was applied and ten percent (11%) members out of population were taken as sample. These questionnaires were distributed among 1033 faculty members which was desired sample size and finally 940 questionnaires were received in complete form. Responses received from the respondents were interpreted and analyzed through SPSS 16th edition. The analysis provided a significant interrelationship among scales and subscales. Data presented high motivation level of private universities' employees as compare to public sector universities' employees. But private universities were found to be incapable of fair and frequent distribution of intrinsic and extrinsic techniques. In this regard public sector universities of Punjab were better in terms of integration of intrinsic and extrinsic techniques with management practices. The study was highlighted a need to explore some other areas responsible for ineffectiveness of motivational techniques in regards of employees motivation. The study findings might be helpful in figuring out deficit areas causing low or no motivation. Need for proper and regular development programs for managers of an organization was also considered imperative so that psychological factors could be addressed.