Purpose – The purpose of this paper is to show that fractional reserve banking (FRB) has implications for the ownership structure of assets in the economy that violates the Islamic principles of ownership. Design/methodology/approach – This is a theoretical paper that looks into the works of Islamic scholars on the issue of ownership that are b

In Part 1 of the paper, using habitual domains theory and finite Markov chain theory, we have introduced a new model for describing the evolution of the states of mind of players over time, the two-person second-order game. The concepts of focal mind profile as well as the solution concept of win-win mind profile have been introduced as solution co

Motor bracket has been designed as a framework to support motor and fan in air conditioning products. Vibration and fatigue of motor bracket has been continuously a concern which may lead to structural failure if the resulting vibration and stresses are severe and excessive. It is a significant study which requires in-depth investigation to underst

The paper elaborates on the fuzzy bimatrix games. The payoffs are assumed to be fuzzy intervals with bounded support as defined by Dubois and Prade. A new equilibrium concept is defined for this game by introducing‘Nature’ as a third player and using-cuts. Sufficient conditions for its existence and a procedure for its computation are provided.

The traditional set theory is constructed on the steady state, the bivalent logic and the fixed set boundary. However, the development of fuzzy set or rough set inspires us that an element, which membership degree to a specified set could be multivalent (fuzzy set) and the set boundary could also be undetermined (rough set). No mattering from the s

This paper presents a method of robust control system design foe aircraft flight control systems with the existence of uncertainty parameters such as stability and control derivatives resulted by parameter identification process using real test data. A nonlinear model of aircraft turn coordination system is considered. The problem is to find the op

In order to explore problems facing by local Small Medium Enterprises (SMEs) in adopting Enterprise Resource Planning (ERP) systems, this paper seeks to investigate what are the barriers to ERP system adoption by SMEs? The research was conducted in a Malaysian medium-sized company that planned to adopt ERP systems. Prior researches have identified

Constipation is a debilitating medical condition with a wide range of aetiological factors. The two most common causes include pelvic floor dyssynergia and slow transit constipation. Eventhough constipation is not a life threatening, it does have an adverse effect on patient quality of life and associated with significant morbidity and financial im

An analysis of falling fi lm evaporation of saltwater has been carried out for a vapor compression desalination pilot plant. Detailed modeling and simulation have been used to fi nd the temperature and concentration variation inside the fi lm on a vertical tube evaporator. The heat and mass transfer phenomenon were analyzed using basic conservation

Problem statement: The benefits of easier manufacture of hardened steel components can be substantial in terms of reduced machining costs and lead times compared to the traditional route involving machining of the annealed state followed by heat treatment, grinding/EDM and manual finishing. But machinability of hard material through conventional ma