Retirement Services 11th St Lucerne Mines PA 15754 The U.S. Commodity Futures Trading Commission (CFTC) announced today that it has issued an Order extending, by one year, the designation of the utility operated by DTCC-SWIFT as the provider of legal entity identifiers, or LEIs, as required by CFTC's swap data recordkeeping and reporting rules. Source link Tags: ... Tags:
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October 8, 2016 OSHA urges storm recovery workers, public to be vigilant, aware of hazards in aftermath of Hurricane Matthew ATLANTA Florida's emergency workers, employers and the public at-large f Source link Tags: The origin of Islamic banking dates to https://www.aol.com/article/2014/11/14/parents-legally-ready-children-become-adults/20991524/ very beginning of Islam in the seventh century. The prophet Muhammad's first wife, Khadija, was a merchant, and he acted as an agent for her business, using many of the same principles used in contemporary Islamic banking. In the Middle Ages, trade and business activity in the Muslim world relied on Islamic banking principles, and these ideas spread throughout Spain, the Mediterranean and the Baltic States, arguably providing some of the basis for western banking principles. In the 1960s to the 1970s, Islamic banking resurfaced in the modern world. This banking system is based on the principles of Islamic law, also referred to as Sharia law, and guided by Islamic economics. The two basic principles are the sharing of profit and loss and the prohibition of the collection and payment of interest by lenders and investors. Islamic banks neither charge nor pay interest in a conventional way where the payment of interest is set in advance and viewed as the predetermined price of credit or the reward for money deposited. Islamic law accepts the capital reward for loan providers only on a profit- and loss-sharing basis, working on the principle of variable return connected to the actual productivity and performances of the financed project and the real economy. Another important aspect is its entrepreneurial feature. The system is focused not only on financial expansion but also on physical expansion of economic production and services. In practice, there is a higher concentrated on investment activities such as equity financing, trade financing and real estate investments. Since this system of banking is grounded in Islamic principles, all the undertakings of the banks follow Islamic morals. Therefore, it could be said that financial transactions within Islamic banking are a culturally distinct form of ethical investing. For example, investments involving alcohol, gambling, pork, etc. are prohibited. For the last four decades, the Islamic banking system has experienced a tremendous evolution from a small niche visible only in Islamic countries to a profitable, dynamic and resilient competitor at an international level. Their size around the world was estimated to be close to $850 billion at the end of 2008 and is expected to grow by around 15 percent annually. While system of banking remains the main component of the Islamic financial system, the other elements, such as Takaful (Islamic insurance companies), mutual funds and Sukuk (Islamic bonds and financial certificates), have witnessed strong global growth, too. Per a reliable estimate, the Islamic financial industry now amounts to over $1 trillion. Moreover, the opportunity for growth in this sector is considerable. It is estimated that the system could double in size within a decade if the past performances are continued in the future. Source by Afsheen Noorbakhsh Tags: May is the month for the Florida online tax sales, but there are a few problems with the online tax sales in Florida. The interest rate at the Florida tax sales is typically bid down to.25%, and Florida counties allow investors to have subaccounts, which give the institutional buyers a great advantage over the small investor. But even if you manage to buy a tax lien at a decent rate in one of the Florida sales, the redemption period is 2 years, and you may have to wait out the redemption period before getting paid on your lien. So how can you make money in the online tax lien sales without having to wait 2 years or more to get paid? Everybody wants to know which states have the highest interest rates and the shortest redemption periods. Many are interested in redeemable deed states that have steep penalties, like Texas where the redemption period is only 6 months and the penalty is 25%, or Georgia where the penalty is 20% and the redemption period one year. But the problem with investing in these states is that they do not have online sales. But there is one tax lien state that does have a short redemption period and online tax sales, and some of the counties in this state do have decent interest rates as well. The state that I'm referring to is Maryland. Maryland tax sales take place in May and June each year and a few of them are online. The redemption period in Maryland counties is one of the shortest only 6 months. The interest rate varies by county quite a bit, from 8% to 20% per annum! The county with the highest rate of return is Prince George's County but they do not have online sales. The City of Baltimore and Howard County, however, do have online sales and have an interest rate of 18% per annum. Bidding in Maryland tax sales is very different from bidding at tax sales in other states. In Maryland counties, premium is bid, but you do not have to pay the entire premium at the sale. What you pay at the tax sale is the certificate amount and a portion of the premium, referred to as high bid premium. High bid premium is 20% of the difference between the bid amount and 40% of the property value. So if you bid less than 40% of the property value you don't have to pay any of the premium you bid at the sale. But you do have to pay all the premium bid if you foreclose on the property. Maryland counties also charge a non-refundable fee to bid at the sale. These fees can vary by county from $100 $150 dollars. Howard County has a $1000 deposit requirement instead of a registration fee and this is refunded if you do not have successful bids. If you are successful bidding then the deposit is applied to the amount due in order to pay for any liens purchased. Source by Joanne Musa Tags: WASHINGTON The United States Mint today announced the five brand new styles that may show up on the reverses (tails) of the 2017-dated coins inside The united states the gorgeous Quarters system. Supply link Tags: ... Tags: Running a business is a challenging process and another that is continuously fraught with unanticipated financial hardships. Balancing functions are constantly required to make sure discover adequate money in the company coffers to pay for wages, lease, taxation alongside regular bills, also stock and equipment buying. For all companies, one of many important aspects of success requires guaranteeing the fast launch of funds to enable additional buying or financial investment decisions. If funds tend to be tied up without readily available for usage, then the entire company process can screech to a halt. Probably one of the most typical issues in operation frequently occurs when big sales tend to be successfully made and the tasks are invoiced towards the customer, but repayment is not instantly upcoming. This means that there is a lot of cash tied up in sales ledgers which are not readily available for usage on various other projects such as restocking. This is certainly an all too typical situation that may prove disastrous to numerous companies specially smaller companies and start-ups that are often the least able to effectively deal with these circumstances as a result of typically low levels of fluid possessions to begin with. It has resulted in creation of many company and sales financing products by larger establishments and professional company finance businesses to fill the gap in corporate finance. Today, numerous finance companies can provide company financial services such as factoring, invoice discounting, and stock finance to enable their customers to take back lots of the possessions which they normally have usage of for working-capital. Sourcing a financial institution to deal with the data recovery of funds tied up with stock or invoices also to assist deal with sales ledgers can enhance a small business on several fronts. Not just does the business not need to be worried about chasing after up debtors, although money is rapidly offered for reinvestment; and the risks of experiencing bad financial obligation tend to be significantly decreased, as it can certainly end up being the province for the factoring organization to follow reticent debtors. Factoring companies will frequently additionally offer additional financial obligation data recovery litigation services when they should be needed. Though some companies may see the expense of utilizing sales finance services as cutting into profit margins, the advantages of having funds made obtainable for use towards working-capital without sitting with inaccessible funds which do not for organization can prove to be priceless in allowing organization development and security. Resource by Michael Hanna Tags: Financial Advisor Detroit MI Area WASHINGTON The U.S. Department of Housing and Urban Development (HUD) announced today it is charging the owners and developers of Ashlynn Estates, a 27-unit complex in Ellensburg, Washington, with housing discrimination for designing and constructing housing units that fail to meet the accessibility requirements of the Fair Housing Act. Source link Tags: steve azoury,life insurance,annuities,investment,insurance,financial planning,steven azoury,northwestern mutual financial network,financial advisors,azouy financial,investment services... Tags: steve azoury,life insurance,annuities,investment,insurance,financial planning,steven azoury,northwestern mutual financial network,financial advisors,azouy financial,investment services WASHINGTON the usa Mint encourage instructions the 2016 US Eagle Platinum verification Coin (item rule 16EJ) beginning on June 30 at noon Eastern Time (ET). Supply link Retirement Planning Firm Oakland County MI Area WASHINGTON To help advance housing, jobs and educational opportunities for justice-involved youth, HUD and the Department of Justice today announced $300,000 in grants to Public Housing Authorities (PHAs) and legal assistance organizations in New Jersey, Pennsylvania and Ohio. Source link Tags: ... Tags: |
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