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Showing posts from April, 2012

The Future of Telecommunications Companies

Telecom Co. usually have a lot of cash flow, but I think that they will face a great challenge by new phones generation. I assume that calls and sms massages would become free of charges, also the amount of internet usage will increae combined with decrease in prices. However, the only chance to success in this industry is by putting their "financial weight" on creating new devices with interesting features, or just keep developing new advertisement tools. Obviously, TV streaming service is a good example for new device that helps telecom companies securing their profits. Nevertheless, it is easier to focus on allowing for businesses to display their ads with  free services, Youtube as example.On the other hand, Saudi Communication and Information Technology Authority (CITC) still supporting telecommunication companies by blocking free calls featured apps in a desperate move to reduce the loses of local telecommunication companies. Fair Usage policy for e

What is Waqf?

The original form of endowment, in both Islamic and common law countries, was similar to that of transferring a legal title of a property by its owner to a second party to administer it in order to deliver its benefit to a third party. In fact, in Islamic society, this kind of conveying ownership first started in approximately the seventh century. [1] Islamic scholars maintain that the first incident of giving away property as endowment occurred when Abu Talha yielded his farm to his companion Prophet Mohammad (peace be upon him) to be spent on his relatives in search of god’s pleasure, which is the main object in Islam. [2] The well-known Muslim jurist Al-Shafi’I stated that ‘there was no such passing up assets as endowment appeared before Islam’; therefore, no transactions such as waqf occurred in human history before Islam. [3] The Islamic version of trust arose as a way to ask for a reward from God; however, it was adopted in common law countries as a way for selecti