Running Musharakah Product of Islamic Banks: An Alternative of Running Finance

Islamic banking system is growing day by day. The new era of Islamic banking is very successful as new products are being introduced by Islamic banks to cater the demands of customer under Shariah guidelines, there was demand of a product for working capital as an alternative to the conventional product of running finance. Running Musharakah Product has been introduced as substitute to Running Finance Product. In this paper the concept of Running Finance as well as Running Musharakah is described, the practical steps of running Musharakah are also illustrated to examine the viability of the product.

Novel Metal Complexes of Substituted Quinolines

Quinoline based ligands like substituted 3-acetyl 4-hydroxyquinolines (3- acetyl 4-quinolones) were prepared and provided for the preparation of complexes with metals i.e. copper, zinc, nickel, cobalt, cadmium and manganese. The complexes were prepared through oxygen of hydroxyl and acetyl group attached to the ligands. Ligands like 1, 10-Phenanthroline and 2, 2’-bipyridyl were also used as co-ligands in the preparation of complexes. These complexes were analyzed through AAS and IR spectra. Some of the complexes were characterized using XRD analyser. The general formula of the complexes is ML2. The synthesized complexes were very stable. The prepared complexes were also screened for the biological activities. General structure of the complexes is given below. M=Cu, Zn, Ni, Co, Fe, Cd, Mn R= 5-Cl, 7-Cl, 6-Br, 6-NO2, 7-OCH3, 8-OCH3, 7-CH3, 8-CH3