THE SHIFT OF NON-PROFIT CONTRACT TO BUSINESS CONTRACT IN THE ISLAMIC FINANCIAL INSTITUTION BUSINESS ACTIVITIES

A Contract Theory Approach to Business Bankruptcy

For-Profit Hospitals Out of Business? Financial Sustainability During the COVID-19 Epidemic Emergency Response

This perspective argues that for-profit hospitals will be heavily affected by epidemic crises, including the current coronavirus disease 2019 (COVID-19) outbreak. Policy-makers should be aware that for-profit hospitals in particular are likely to face financial distress. The suspension of all non-urgent elective surgery and the relegation of market-based mechanisms that...

Jurisdiction and Consumer Contract in E-Business

The use of cyberspace increases tremendously in the past 20 years. An increasing number of businesses and consumers worldwide have accessed the Internet and there is few doubt on its growing significance for world trade. The unique features of E-business lead to the uncertainty and insecurity for the consumers as well as the companies, and incur great strikes to the traditional jurisdiction rul...

SBVR based Business Contract and Business Rule IDE

We propose an IDE – Integrated Development Environment to model SBVR (Semantic of Business Vocabulary and Business Rule) compliant business rules [2] extracted from business contract of services and store them in an ontological structure of rules, facts and terms as defined in the SBVR metamodel. Business rules are based on principles of deontic logic for treating expressions in the form of nor...

1 Incoherence of Contract - Based Islamic Financial Jurisprudence

Islamic financial jurisprudence has always had the stated aim of enhancing human welfare, and therefore prohibitions must be seen through the lens of welfare-enhancing regulation of financial practices. In today’s age of financial engineering, utilizing many of the legal and financial advances of the past two decades, it is quite easy to synthesize the contracts that classical and contemporary ...