Firestone’s Tire Recall; The Sutuynomic's Note

as usual, I just wanna share something before taking a rest. every Thursday, I always have to derive an Islamic perspective for every case study that we want to discuss in class. today.. the case is about Firestone's Recall

In May 2000, the U.S. National Highway Traffic Safety Administration (NHTSA) contacted Ford and Firestone about the high incidence of tire failure on Ford Explorers, Mercury Mountaineers, and Mazda Navajos fitted with Firestone tires. Ford investigated and found that several models of 15-inch Firestone tires (ATX, ATX II, and Wilderness AT) had very high failure rates, especially those made at Firestone's Decatur, Illinois plant. This was one of the leading factors to the closing of the Decatur plant

A Dilemma of SANPark; Selling or Poaching?

Dear All The Sutuynomics (er)

Before taking a rest, i just wanna share about the dilemma faced by Kruger National Park/ SANPark (South Africa National Park) . they usually got the funding from government but then due to the budget shortfall, The South Africa's government should remove that budget and shift it to other beneficial program such as education, health care, and also infrastructure to create more job opportunity.

How to continue to supplement the funding for SANParks’ Park development Fund? one of the ways is by selling the rhino. that is allowed by regulation based on South Africa’s National Environmental Management Act (2004). they argue that they are doing screening and selling rhino to a good buyer but in fact it is very difficult to do that. another reason is for funding conservation effort.

Countrywide financial; The Subprime Meltdown

Currently, we are discussing study case entitled ‘Countrywide financial; The Subprime Meltdown’. Let’s take a look a little bit to the fact of that case. Countrywide has become the largest provider of home loans in the United States during the year 2000s. it was the primary provider of home loans to minorities in the United States and had lowered the barriers of homeownership for lower-income individuals. Countrywide also offered loan closing, capital market, insurance, and banking service to its clients. In 1970s countrywide had diversified into the securities market as well.

Then, let’s Identify what are the ethical issues involved in this case. The main and underlying problem with Countrywide is usage of subprime loans. Subprime lending means lending to borrowers, generally people who would not qualify for traditional loan, at a rate higher than the prime rate (market rate). The lending job has made easier with exotic mortgages such as so called no doc loan or liar loans, which enable borrowers to borrow without having to supply evidence of income or assets.

Banking Industry Meltdown; A 'Moral Imagination' perspective

Banks and other financial institutions presented these derivatives as attractive financial instruments to invest in, whereas they were not. Derivatives were used to save financial situation in many banks in a very unethical way. And main reason of failure was that the banks were over dependant on these financial instruments. And as it happens they tried to save their situation by using unethical ways.

The key problem and underlying issue with all examples given in the case is mishandling derivatives, and over dependence on them. Another main issue is that credit default swaps were repackaged and sold as mortgage debt. Apart from that each particular example has its own unethical behaviour exposure. They conduct a manipulation to deceive stakeholders. They are hiding debt and losess by creating off balance sheet and also by creating error accout in case of Barings Bank.

What are the available alternatives – also called “moral imagination” that we can learned from this case? According to Tawhidic Paradigm, everything in the universe is created by God. We are God’s vicegerents on the earth; it has been given us in trust. In this case, Banks are given trust by their customers to protect their saving or investment. 

Monsanto, Tawhidic Paradigm and Maslahah

Monsanto Company is the world’s largest seed company which it is specializes in biotechnology or the genetic manipulation of organism. They are trying to modify crops i.e. by inserting new genes etc. in order to meet certain aims such as higher yield, surviving during drought, ward of weeds etc.  Monsanto’s genetically modified (GM) seeds have increased the quantity and availability of crops which helps farmer worldwide increase food production and revenues

Mosanto, despite being very successful in its field have had some serious issues with different stakeholders. The problems encountered could be broadly summarized into few categories: Environmental /health problems with Mosanto’s  products , bribery issues and legal issues. To know further about Mosanto’s case study, you can refer to this site http://www.scribd.com/doc/61268487/Monsanto-case-study and also this one http://en.wikipedia.org/wiki/Monsanto. What I’m trying to write here is about how Islam, based on my understanding, solves Mosanto’s problems. We want to try to apply Tawhidic Paradigm and Maqasid syari’ah into this case.

Islam, Its Worldview and Economics

Hari rabu 8 Mei 2012 merupakan hari pertama masuk MBA untuk semester 3,  subject yang saya ambil salah satunya adalah As-Syari’ah, economics and society  dengan lecture yang sangat kompeten yaitu Prof Dr Aslam Haneef. Di awal pertemuan seperti biasa selalu diawali dengan perkenalan dilanjutkan dengan pembahasan course outline. Topic pertama yang dibahas adalah tentang islam, its worldview and economics. coretan ini hanya ingin mengabadikan apa yang saya dapat dari kelas ditambah sumber bacaan lainnya 

Assignment of Managerial Finance

FIN 6130

Graduate School of Management (GSM)

Case 1 - Due on July 19, 2011

Cost of Capital and Capital Budgeting

AN ANALYSIS OF RATIO: Profitability and Liquidity Ratios Analysis on Hup Seng Industries Berhad and Hwa Tai Industries Berhad (Based on 2008 – 2010 Annual Reports)

                       AN ANALYSIS OF RATIO:

Profitability and Liquidity Ratios Analysis on

Hup Seng Industries Berhad and Hwa Tai Industries Berhad

(Based on 2008 – 2010 Annual Reports)

ESSAY FOR APPLYING MBA @ IIUM

ESSAY FOR APPLYING MBA

By: Irfan Soleh

Background

I was born in a family of traders who loves islamic knowledge. My parents want their children to have extensive knowledge of both sides, religion and social sciences. so my education was directed there. I have to stay at islamic boarding school from the start elementary school until I get a bachelor's degree from State Islamic University  Syarif Hidayatullah Jakarta. My mother has a store that sells basic necessities. and my father has long been producing  hunkwee flour. The company name is  “AKS GUNUNG WANGI” now my dad has more than 50 employees in this organisation. it helps provide jobs for the community in a small village located in Ciamis district West Java, Indonesia.