UK islamic funds performance Essay Example | Topics and Well Written Essays - 1250 words

UK islamic funds performance - Essay Example However, despite this permission, the development of Islamic banking sector could not take place and it was only during 20th century that it started to take its roots. It was only after some Middle Eastern countries took the lead when this sector started to develop. The real development of this sector started in later years of last century when countries like Malaysia started a parallel Islamic Banking system focusing on the need for having an alternative system of banking unlike traditional banking system which is based upon usury. UK is , nowadays, also considered as one of the leading markets for the Islamic banking and other financial products. This study therefore focused on the examination of the performance of UK based Islamic mutual funds between the period of 1999-2009 and comparison with the market benchmark. This study also attempted to explore the impact of financial crisis on the Islamic funds and made a comparison of the impact of crisis on other funds also. Some of the research questions probed under this study therefore include the assessment of under and over performance of Islamic funds, an assessment of the riskiness of Islamic funds as well as the key drivers of returns generated by Islamic funds. Different performance measures such as Sharpe Ratio, Jensen’s Alpha, Treynor’s ratio and information ratio were used to assess the performance of the funds. Results indicate that UK Islamic funds perform similarly as the market benchmarks with the exception of few which tend to outperform the performance index. Results also indicate that Islamic funds can serve as effective hedges for the equity investors because of their inherent nature of being risk averse. The overall results therefore indicate that Islamic funds do not offer any abnormal risk adjusted reward to the investors and can only provide good investment opportunity specially during bursting period

Major assignment Essay Example | Topics and Well Written Essays - 1750 words

Major assignment - Essay Example This paper is aimed towards highlighting the phenomenon of pay secrecy and the changing trends in compensation management that propose pay transparency. In the light of the research, solutions will be presented for the case in question. ‘When salaries aren’t secret’ written by John Case for the Harvard Business Review, presents a rather complicated situation that was being faced by the management of a fashion retailer called RightNow! (Case, 2001). The CEO Hank Anderson was facing the retaliation of an ex-employee who had overheard the management discussing employee payment in a meeting and had probed into the company data to find out blatant discrepancies. Displeased with the inequity, she not only resigned but also gave a departing gift to the company, making the individual employee payment amounts known to all through an e-mail to the whole workforce. This had caused a lot of mayhem as many employees discovered they were being paid only a percentage of what their counterparts were being paid. Many demanded a raise and threatened to leave the organization. The CEO was accompanied by the Vice president of the company, Charlie, and CFO, Harriet, to discuss this situation. The furious employees h ad been seen discussing nothing but the revealing e-mail all day and the management had their share of concerns. They discussed how the situation could be manipulated to give a bad name to the whole organization and its practices, publicly. Their concern was also the height of retaliation that could result from the angry and heartbroken employees who had been exposed to the harsh truth. The vice president gave an instance of three highly paid male employees in an all-female department as possible grounds for a gender discrimination suit. The trusted advisors of the CEO, Hank, present their concerns and possible solutions to the problems namely, sympathizing with the employees, listening to their pleas and demands and promising