Free Essays on Oedipus As A Tragic Hero

Sophocles’ Oedipus is a perfect model of the human potential to achieve godlike greatness despite his tragic downfall. Before his fate is revealed, pride, impiety, and ignorance bring his own nemesis, yet because of the remarkable intelligence, courage, and leadership skills he displays in dealing with calamity Oedipus ultimately reveals how ones spirit can become godlike. Before the opening scene, Oedipus’s hubris and impiety have already led him toward self-destruction. He commits both patricide and regicide on the crossroads because of his lack of respect for those in power, and because he is very prideful. He sees â€Å"the old man †¦ coming up along his wheels†, but does not waver to let him by. Instead he ignorantly â€Å"kill[s] them all – every mothers son!† even despite of the oracles prophesy (621). Also, he impudently belittles the gods by claiming his intelligence alone freed the people from the sphinx â€Å"With no help from the b irds† (606). By contemptuously announcing, â€Å"You pray to the gods? Let me grant your prayers,† Oedipus implies he feels superlative to the Gods, which sets him up for doom (606). Because Oedipus tests his humanly powers he reaches the boundary between mankind and divine power, and it is at this point that the truth of fate brings his anagnorisis, and his hamartia is broken. Through his demonstration of superior intellect, bravery, and his unselfish sacrifice for his country Oedipus is the Greeks model for the greatness that humans can achieve. Because of his intellect Oedipus is rated â€Å"first of men† (600). He is the only one capable of solving the sphinx’s riddle to free the city of Thebes (600). He is also the first to derive a solution for the plague. Claiming that he â€Å"labor[ed] over many paths of thought,† he finally sends Creon to Delphi in search for cure. In discovering fate, and dealing with its truth Oedipus also illustrates pr ofound courageousness. His passionate concern ... Free Essays on Oedipus As A Tragic Hero Free Essays on Oedipus As A Tragic Hero Sophocles’ Oedipus is a perfect model of the human potential to achieve godlike greatness despite his tragic downfall. Before his fate is revealed, pride, impiety, and ignorance bring his own nemesis, yet because of the remarkable intelligence, courage, and leadership skills he displays in dealing with calamity Oedipus ultimately reveals how ones spirit can become godlike. Before the opening scene, Oedipus’s hubris and impiety have already led him toward self-destruction. He commits both patricide and regicide on the crossroads because of his lack of respect for those in power, and because he is very prideful. He sees â€Å"the old man †¦ coming up along his wheels†, but does not waver to let him by. Instead he ignorantly â€Å"kill[s] them all – every mothers son!† even despite of the oracles prophesy (621). Also, he impudently belittles the gods by claiming his intelligence alone freed the people from the sphinx â€Å"With no help from the b irds† (606). By contemptuously announcing, â€Å"You pray to the gods? Let me grant your prayers,† Oedipus implies he feels superlative to the Gods, which sets him up for doom (606). Because Oedipus tests his humanly powers he reaches the boundary between mankind and divine power, and it is at this point that the truth of fate brings his anagnorisis, and his hamartia is broken. Through his demonstration of superior intellect, bravery, and his unselfish sacrifice for his country Oedipus is the Greeks model for the greatness that humans can achieve. Because of his intellect Oedipus is rated â€Å"first of men† (600). He is the only one capable of solving the sphinx’s riddle to free the city of Thebes (600). He is also the first to derive a solution for the plague. Claiming that he â€Å"labor[ed] over many paths of thought,† he finally sends Creon to Delphi in search for cure. In discovering fate, and dealing with its truth Oedipus also illustrates pr ofound courageousness. His passionate concern ...

Press Release Essay Example | Topics and Well Written Essays - 500 words - 4

Press Release - Essay Example e standard elements or components, to wit: â€Å"( 1) Company Letterhead, Name, Address, Phone Number, Web Address; (2) PRESS RELEASE in all caps; (3) Contact Persons Name; (4) Immediate Release or Release Date(all caps); (5) HEADLINE or TITLE in BOLD/CAPS; (6) BODY-Date/City-who, what, when, where and why; (7) Catchy Text; (8) Sum it up...; (9) Basic Font, Double Spaced, Page Numbers, and ###; and (10) Action Plan/Calendar† (Aten, n.d., par. 9). All crucial elements are easily identifiable and readily available making preparation and implementation stress-free. Since the purpose of the press release is to enhance public awareness of an organization’s product, services, or activities, the structure and presentation format needs to contain all the elements identified above. At the same time, the message must be timely, catchy, and attractive enough to encourage the potential viewers’ interests and promote commitment to one’s cause. Various organizations opt to use press releases as a tool in public relations to increase awareness of the organization’s vision, direction, or focus at some point in time: either in the introductory stage, during promotional or campaign periods, and as strategies designed to spur productivity and growth. Hollis, New York – November 11, 2010 – Good news to all commuters vying the subway area along the city of New York, a newly opened food store targeting businessmen, students, senior citizens, and various professionals from all walks of life is now the solution to your hunger pangs. Benjamin Smith, the owner and proprietor of Healthy Snacks Alternative is now open for business with several food stall along the subway. Healthy Snacks offer subway sandwiches with a variety of fillings from cold meat, tuna, vegetables, cheese, eggs and other healthy fillings one can think of – at the most affordable price and readily available for take-out or dine-in, as needed. There is an array of beverages, likewise, available on

Corporate Governance in Russia Dissertation Example | Topics and Well Written Essays - 5250 words

Corporate Governance in Russia - Dissertation Example A total of 74 companies was analysed, 34 companies from LSE, 4 from NYSE and 36 listed on RTS. The sample size was calculated from a Web-based sample size calculator using the following parameters : (1) a margin of error of 7%; (2) a confidence level of 95%; (3) a population size of 5,580; and (4) response distribution of 10%. The population size of 5,580 is the total number of companies listed with the Russian Trading System (297), the New York Stock Exchange (2,317) and the London Stock Exchange (2,966). The minimum recommended sample was 70 but for contingency, this number was increased by 5%, hence the actual sample size used was 74. Companies which were listed with LSE and NYSE are categorised as class listed (CL). These are the companies are listed abroad, numbering 38. The non-class listed companies (NCL) are those companies that are listed only with RTS in Russia. The list of the companies and a screenshot of the output from the Web-based sample size calculator can be found i n the Appendix.... The test is repeated until all the outliers are deleted. Grubbs test works on the principle that with the outliers deleted, data tend to be normally distributed (Thompson and Lowthian, 2011). In this regard, use of Grubbs test requires prudence in estimating normality of the distribution in the dataset. Moreover, the test may not be applied for a small sample size of six or less since repeated iterations alter the chances of detecting outliers (Thompson and Lowthian, 2011). In the case of this research, CL and NCL data sets made the use of the Grubb’s test impossible, because it detected too many outliers, because CL firms tend to be large and well-established, also the specific environment in which firms operate would influence their board characteristics and availability of data. Considering the big information availability difference of the treatment and benchmark populations comparison between those independent samples can be problematic. Log base 10 Further, logarithm was applied on operating revenue and number of employees. The most common description of log or logarithm of a number represents the exponent by which a fixed number, called the base, has to be exponentiated to generate the fixed number (Bland, 2007). For the current research common logarithms (logs to base 10) are useful in a several ways. First of all, they simplify the data output for further calculations. Secondly, log transformation is applicable to data in where the residuals tend to assume bigger values as the values of the dependent variable increases. The danger in this type of scenario is that the error or change in the value of an outcome variable is a percentage and not an absolute value. Hence, similar percentage

Performance Enhancing Drugs in Sports Essay Example for Free

Performance Enhancing Drugs in Sports Essay Athletes use performance enhancing drugs to boost their game. The professionals who use these drugs are ruining the integrity of the game. Many people don’t understand why professional athletes would go to such extreme measures to be better when they have already proven themselves. Athletes are just taking away from their natural ability by using these dangerous drugs. The risk of using performance enhancing drugs is a lot greater than the reward, because an athlete’s reputation could be tarnished and their career ruined. Money is one of the major reasons why players use them; if they perform at levels higher than what their natural abilities could do they will be offered a large sum of money. Athletes are also putting their long term health in danger. These drugs have many dangerous side effects that are going unnoticed by the players. Even kids are starting to use performance enhancing drugs. Young kids look up to professional athletes and they watch everything they do. Kids want to be just like the pros so they will do exactly what they do to become better and unfortunately that is using drugs. Professional athletes who use performance enhancing drugs are setting bad examples for young athletes trying to follow their dreams. Performance Enhancing Drugs have been available in the United States for a long time, but they have only been starting to become a topic of discussion in the last fifteen to twenty years. Almost all of these drugs are manufactured outside of the United States, so that makes them more dangerous to take. Due to the fact that the drugs were not manufactured here they have not been evaluated by the U.S Food and Drug Administration. Some of these substances are naturally occurring, easily available and completely legal, while others are manufactured illegally, or banned by many sporting organizations. One form called HGH is the most commonly used substance; it increases an athlete’s muscle mass and performance. Athletes can be suspended for using performance enhancing drugs, but some people think that the organizations are not doing enough to stop pla yers from using them. For example if a player in major league baseball is found to have been using an illegal substance they would end up receiving a fifty game suspension, but they can still come back and play once the suspension has been fully served. The punishment should be a lot greater so athletes will not even think about using them. Professional athletes are paid by how well they perform, so by taking steroids to boost their ability they will receive more money. It’s not fair for the athletes who play the game fairly, because other players will have a competitive advantage over them. Every athlete should have an equal opportunity when playing professionally, because if they see other players taking illegal drugs to do better they will start doing the same. Using performance enhancing drugs will just cheat an athlete out of their true talent; they will not be respected for what they had accomplished during their careers. For example, there was a professional baseball player named Barry Bonds who took a great risk in using these illegal drugs. He was an excellent player throughout his career, but over the years his body had become significantly stronger. He broke numerous homerun records while in the Major Leagues including the most homeruns ever hit during a single career. He was later proven to have been using performance enhancing drugs. This caused him to jeopardize all of his records that most players would have to work really hard to get. A couple of years later Barry Bonds was sent to court over this issue and was later convicted of obstruction of justice. This is just one of many examples on how such a foolish mistake could ruin such a promising life forever. Many world records and Olympic medals have been taken back because the athlete used performance enhancing drugs. Another example of an athlete that took performance enhancing drugs is Ben Johnson during the 1988 Summer Olympics in Seoul, Korea. He set a world record in the 100m dash. He ran a 9.79, which at the time was a new world record. A few weeks later his medal was taken away from him, because he tested positive for human growth hormones. Even though this was a great feet in the history of track and field, nobody will be able to say he did it with natural talent and athleticism. He would end up not being able to compete ever again. The senseless decision to take performance enhancing drugs could ruin an athlete’s entire career. Many High School students have started to use these dangerous drugs; this is starting to become a major problem because athletes are just cheating themselves and are not becoming better. Professional athletes are setting very bad examples for high school students. Something every student has to deal with no matter if you play a varsity sport or is just a normal student is the pressure to do well and succeed. Some school districts have even been contemplating to add drug testing to high school athletes. This will eventually stop people from cheating to become professional athletes. Students also need to know what they are doing is wrong and could dangerously affect their long term health and could possibly lead to death. One statistic that may not seem extreme is that 2.3 percent of all high school students have used some type of performance enhancing drug. This is a dangerous statistic that no one is really addressing. If a young student wants to become pro they need to work hard and not give in to the temptation of using drugs to boost their athletic abilities. If they were to get caught using these drugs they could be suspended from school and their future and dreams could be ruined by one irresponsible decision. If professional athletes didn’t use these terrible drugs less high school students would use them. It’s very important for professionals to make sure they are setting good examples for young aspiring athletes. Professional athletes are slowly starting to raise awareness about this topic and are traveling to schools across the country informing students about the consequences that could perhaps present themselves. The use of performance enhancing drugs greatly affects the idea of the American dream. The American dream is the vision of growing up and being able to do whatever you desire The USA is built on the id ea of the meritocracy, and that is the impression that only the best is good enough. Kids have dreams becoming professional and making a lot of money. An athlete who would cheat themselves to reach these goals is ruining this entire concept. If kids start to think it is okay to cheat in order to achieve lifelong goals they will end up just hurting themselves, and will grow up to think that it is ok. Athletes who cheat in order to be successful may think they are living the American dream, but in reality there not. Cheating your way to get to the top is not the right thing to do. People who work hard and put in a lot of effort have an unfair disadvantage when it comes to being successful. Using illegal drugs in order to make large amounts of money is not right and unfair. If more people start doing this the concept of living up to these expectations could be tarnished forever. On the other hand athletes who have worked and trained hard their entire life have the right to be proud of themselves for what they had achieved. They can live life knowing that they did things the right way and that is all that matters. When it comes to living up to the American dream one should be happy and feel accomplished of everything they have done. The use of performance enhancing drugs in sports is a growing problem here in the United States. Athletes are taking away from their natural ability and are cheating themselves. They take these drugs in order to perform better and gain a competitive advantage. If players are caught using these drugs the player’s integrity could possibly be ruined forever. In today’s world it is becoming more and more difficult to get away with drug use in professional sports, the testing is much more advanced and the consequences are even greater. In situations like these the risk is a lot greater than the reward. Athletes need to live up to their true potential and not worry about being better than humanly possible. If an athlete just works hard every day he or she could reach goals that they didn’t think they would be able to reach. These dangerous drugs have much more negative effects on one’s body than positive ones. Some people may think that athletes are pushed to us e these dangerous substances when in reality they are just putting pressure on themselves to be better. Many of the modern day athletes are not aware of what kind of harm they are doing to their bodies; most think that they are making their bodies so strong so they will be able to handle long term side effects much more easily. This topic should receive a lot more attention that it is receiving, and there should be more programs developed to raise awareness and discuss the dangerous side effects of choosing to participate in athletic events in this matter. It must be difficult for athletes who don’t get caught using these drugs to live their life knowing that they not only cheated themselves but the nature of professional sports. These athletes are setting a terrible example for young athletes and are only caring about their own careers and not how their actions reflect the entire world. Athletes should end their careers asking one question and that is: Do we want to hurt our bodies and ruin the integrity of sports in order to be successful.

Free Essay: Comparing Heroism in Tess of the DUrbervilles and Othello :: comparison compare contrast essays

Tragic Heroism in Tess of the D'Urbervilles and Othello In tragedy the reader often sympathizes and empathizes with the protagonist who attains "wisdom through suffering." Tess Durbeyfield, in Thomas Hardy's Tess of the D'Urbervilles and Othello, in William Shakespeare's Othello are protagonists who elicit the sympathy of the reader as they suffer, act, and triumph over their antagonists, who are embodied by the characters of Alec D'Urberville, Tess' wealthy defiler, and Iago, Othello's amoral lieutenant. In both works the protagonists succumb to the pernicious influences of revenge, which are instigated by their antagonists and result in the deaths of the protagonists. Such tragedy in the protagonists' stories allows the reader to experience catharsis and realize the tragic heroism of Tess Durbeyfield and Othello. Tess Durbeyfield, an innocent dairymaid with "innocent instinct towards self-delight," displays her character in her persistent devotion toward Angel Clare, her husband. Her suffering is evident in her defilement by Alec D'Urberville, a wealthy aristocrat, and in her separation from her husband. In the "First Phase" Tess is physically taken advantage of by D'Urberville who recognizes her innocence and vulnerability. Later, in "Phase the Third," she then falls deeply in love with Angel Clare, an affluent agriculturist. Tess soon alienates Angel by revealing her earlier encounter with D'Urberville. Othello is an outsider and soldier who "loved not wisely but too well." His noble character is evident in his overwhelming fidelity towards his wife, Desdemona: "My life upon her faith," and the reader is quickly cognizant of the strong relationship between Othello and his wife. However, he is manipulated by Iago, his amoral lieutenant, and Othello's reality about his wife becomes twisted by Iago, who cleverly uses rhetoric to persuade him that his wife is disloyal. Iago informs the reader of Othello's transformation: "This may do something. The Moor already changes with my poison." Eventually, Othello is driven to murder his wife as a result of Iago's deception: "Get me some poison, Iago, this night. I'll not expostulate with her, lest her body and beauty unprovide my mind again. This night, Iago!" At the conclusion of each work the protagonist reaches a realization of her/his actions and accepts the responsibility for the consequences. In the novel, Tess realizes how D'Urberville abuses her and the importance of Angel Clare, her husband, and therefore murders D'Urberville and begs Clare to accept her into his life again: "I could not bear the loss of you any longer- you don't know how entirely I was unable to bear your not loving me!" Tess accepts the consequences for her actions and accepts her execution: "it was as is should be.

Aristotle And Plato s Influence On Western Philosophical...

Throughout the history of philosophy, philosophers from all eras have tirelessly tried to explain the consciousness and being of man. Beginning with the Ancient Greek philosophers who played an important role in the shaping of western philosophical tradition, who eventually broke away from a mythological approach to explaining the world, and gave rise to an method based on reason and evidence with main concern of explaining the entire cosmos. The Pre-Socratic philosophers strived to identify the single underlying principle in other words; they strived to solve the problem of the one and the many. Then there were the medieval times, which are traditionally divided into two main periods: the period within the Latin West which was then followed by the Early Middle Ages until the 12th century. At this time, Aristotle and Plato’s works were conserved and cultivated. And the second period was the golden age of the 12th, 13th and 14th centuries in the Latin West, which witnessed the pinnacle of the recovery of ancient philosophy, along with a reception of the Arabic commentators, and immense developments in the fields of Logic, Metaphysics and the Philosophy of religion. Philosophical development in the medieval era is considered by modern historians to be heavily influenced by Christian theology. One of the most notable thinkers of this era is Thomas Aquinas, and ironically never considered himself a philosopher, and criticized philosophers for always falling short of the trueShow MoreRelatedPlatos Influence on the Western Civilization950 Words   |  4 Pages Plato and His Relation to Western Civilization Plato is one of the succinct psychologists, analyst, and scholar the world has ever had. He is a lucrative figure in the birth, generation, and early development of the western civilization. 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Islamic bank in uae - Free Essay Example

Sample details Pages: 12 Words: 3530 Downloads: 10 Date added: 2017/06/26 Category Finance Essay Type Argumentative essay Did you like this example? Introduction With the start of century new development in the economic front happened and the most important was Islamic bank. Financial institution around the world saw new things emerging from Islamic bank such as Islamic socioeconomic, benefits and believes to stop interest rates and unethical activities of financial institution. Islamic bank provide new methods and new form of investment for development of economy. Islamic bank has given world and financial institution new air to breath. Islamic banking has made some important political, social, and economical changes around the world. Islamic Banking Islamic bank has develop new definition for itself and it is define as a financial entity which can maximize the wealth of its share holders with benefits for the society based on Islamic principle or Islamic Shariah. (Islamic banking, 2010) Islamic banking is the banking system in which banking is done according to Islamic laws and to guide economic in Islamic terms. It is important to note that Islam prohibit and stops the use of usury and interest (riba) in any kind. Islamic banking also prohibits and stops involvement of banks in business related to gambling, pornography, alcohol and pork etc. Islamic banking has developed in late 20th century and it has created and catered the needs of Islamic consumer around the world according to developed technology of 20th century. (Islamic banking, 2010) Don’t waste time! Our writers will create an original "Islamic bank in uae" essay for you Create order Principles Of Islamic Banking There are main pillars in Islamic financial systems which are important for Islamic banking workability. Principle of Islamic banking includes laws and rules and they are called Shariah which governs many parts of society such as culture, economy and society as a whole. (Islamic banking, 2010) Shariah started from the rules of Quran and its practices which then explain by Sunnah and by Prophet Muhammad (Peace Be Upon Him). Further explanation of the Shariah is done by Islamic jurisprudent, and this interpretation is important for correct Islamic banking. (Islamic banking, 2010) There are different principles of Islamic banking which I will cover and explain. 1. Interest: Interest is considers bad thing in Islam because it is beyond the pale in increase of capital/money in many forms loans or deposits. More importantly we can say any increase in varies banking such as fix banking, to increase the profit is considered to be prohibited because it generates unhealthy profits. Interest (riba) is prohibited in Islamic banking but also charging is also prohibited in Islam because it creates debate on equality and rights (Warde, 2000). Islam is a peaceful religion and it encourage earning of profits but it discourage the interest in Islamic banking. Social system must have balance and lender and borrower should share the profit or lose and Islamic banking provides such socially acceptable phenomena. 2. Risk partaking: Risk partaking is not allowed in Islamic banking because supplier becomes unjustified-ably the benefited rather than the creditor. Islamic bank provide financial capital and its profit and loses must be shared to decrease risk partaking in general practice of financial activities. 3. Capital: Capital is also known as potential money and it makes actual capital join with other resources to make productive activity. Islamic banking recognize the value of money and but it prefers capital not the potential capital. 4. Speculative behaviour : Speculative behaviour is considered bad in Islamic banking because it involves extreme level of uncertainty and risk for capital investment and utilization (Islamic banking, 2010). Example includes gambling and anything related to gambling. 5. Purity of contracts: Islam is the religion which inhabits purity in it and it implement this purity in contracts because contracts should disclose all the necessary information to be known. Purity of contracts reduce asymmetric and hazard risk (Islamic banking, 2010). 6. Shariah activities: Islam involves only things which are based upon shariah and doesnt violate sharish in any form. Example of approved shariah activities includes any investment in dealing with gambling, pork and pornography is illegal (Islamic banking, 2010). Banking Risk And Islamic Banking Understanding the banking risk is very important Islamic banking because in determines a competitive and volatile market environment for complex banking business process. A bank should be aware of risk when it is operating or taking any process into consideration. Below are the risk and factors an Islamic bank should consider in general banking environment. Finance Product And Instruments In Islamic Bank There are many type of financial instrument the Islamic banks use and these are sometimes simple and sometimes complicated due to various banking aspect. 1. Debt instruments: Debt instruments include Murabaha (Murabaha is determination of resale price based upon cost and profit markup), Salam (Salam define the deferred delivery of goods and it is opposite of Murabaha), Istisna ( Istisna is financial lending for long term), and Qard al-Hasan ( Qard al-Hasan is interest free loan). (Iran International, 2006) 2. Quasi-debt instruments: Quasi-debt instruments have Ijara which means leasing contract by group leases assets for specific rent and terms. The bank has to bear all the risk associated with ownership and assets can be negotiated based on market price and sale of Ijara contract. (Iran International, 2006) 3. Profit loss sharing instruments: Profit and loss sharing instrument has Musharaka which is an entity under which bank and client jointly take a financial project. Ownership can be decided based on involvement of finance in the project. Profit and loss sharing is also agreed between two groups and there should be no violation of contract or misconduct in any terms. (Iran International, 2006) 4. Islamic Bonds: Islamic bond include Sukuk which is basically a financial certificate and it is Islamic equivalent of bond. There are some types of financial certificate which are not allowed in Islamic finance such as fix income and interest baring bonds. (Islamic banking, 2010) 5. Safe keeping: Safe keeping includes Wadiah in which bank is considered as trustee of fund. A person has account in the bank, bank assurance the amount of the account. (Islamic banking, 2010) 6. Agency: Agency is defined as waqalah which undertakes persons all transactions on his behalf. (Islamic banking, 2010) Current Practices In Islamic Banking Islamic banking are collective at the point of interest free banking and they have equal and distributed basic agreed principles to work on. Islamic bank can be different according to individuality and country laws, aims and objectives, experience and circumstances and interaction based upon free from interest rates. In the coming paragraph I will describe the common features implemented by Islamic banks around the world. (Gafoor, 1995) Deposit Accounts Islamic banks have different kind of account which includes investment, current, and savings account. Current Accounts A current account equal to conventional bank account and in it deposit is assurance. Savings Accounts Saving account operate differently in Islamic banks. In few banks depositor is allowed to use money but they have to obtain assurance of getting full money to the bank. Banks allow several methods to attract customers but no profit is promised. In other few saving accounts an account is treated as investment account and has various strings attach to it. (Gafoor, 1995) Investment Account Investment account are accounts in which amount is deposit for unlimited time upon the request of the investor share is done in profit between bank and investor. In investment account the capital is not assured. Modes Of Financing There are different modes of finance which are implemented by Islamic bank and called trade, lending and investment finance. Investment Financing There are three main category of investment financing. They are: 1. Musharaka: Musharaka in which bank joins another group to setup another joint venture, both groups participate in project in varying form. The profit and loss is determined before the start of the project. (Gafoor, 1995) The concept of musharaka is similar to join venture concept and venture is independent entity from which bank withdraw step by step. 2. Mudarabha: Mudarabha is a form in which a Islamic bank provides finance and the person provides the expertise and management. (Gafoor, 1995) Profit and lose in this is also define before the start of project. But the important thing is that loses are usually taken by bank. 3. Estimated rate of return: under this type of investment bank determine the estimate price of returns for specific project undertaken by bank. If the project is finished and profit is more than estimated amount then the profit goes to the client, and if the loses is in the profit then the bank will accept lower rate. Trade Financing There are five main category of investment financing. They are: 1. Mark-up: Mark-up is the type of trade financing in which banks buy items from client and client agrees to pay to the bank on agreed profit. 2. Leasing: Leasing is type of trade financing in which bank buy item for client and client has to payback the amount in specific allowed time. 3. Hire-purchase: Hire-purchase is the purchase in which the bank buys an item for client and hires him for agreed rent or cost for specific time until client becomes the owner. 4. Sell and buy back: Sell and buy back is in which client sells property to the bank and buy back from the bank at a agreed price. 5. Letters of credit: Letters of credit is where bank assurance for importing items for a client. Lending There are two main category of investment financing. They are: 1. Service charge loans: service charge loan is the service charge where bank lends money without interest and bank covers expense by service charge. 2. No-cost loans: No-cost loans are for people like farmers with small land, producers with small production and they are very needy person or clients. Services Islamic banks also provide services which are also important such as money transfer, trade in different currencies, and bill assortment where banks own money and not involves in commission. (Gafoor, 1995) Islamic Banking In UAE Islamic bank started in UAE according the law of 1985 number 6 of article 1, 2, 3, and these laws governs Islamic bank and financial institute in UAE. (Centralbank, 1985) These articles are made so they are compatible with UAE and Shariah laws. To work in UAE in Islamic banking it has to conduct its activities according to principle of Islamic Shariah. Islamic banks in UAE have the right to conduct commercial, investment and other financial related activities openly and clearly. Islamic banks also have the right to do lending and other financial operation and they can also move their assets and benefit from these assets according to its shariah law (Centralbank, 1985). UAE has number of Islamic banks and the number is increasing each year and so the development of the UAE. (Tahir, 2006)Dubai Islamic bank is the first bank which is free from interest and it also practice Islamic banking according to shariah and this bank is based on the idea of Muslim endorsement by OIC (Organ ization of the Islamic Conference). Strategies Of Islamic Banks In UAE In the UAE the strategic management considered that it is group of decisions and activities in the present to ensure the performance of institutes in the future, these decisions included forming specific aims that should be achieved upon dissimilar periods of time begins with short period of time passing with middle period of time, finishing with the distant period of time, the strategic management consists of three stages: 1- The strategic environmental analytical stage: and it depends on studying of the two environments the interior and the exterior to the institute in order to identified the strategic management and use it in the next step the organization environment contains four main materials the chances given, the risks, in the exterior environment, and the weak and the strength points in the interior environment. The strategic planning strategy contains making four followed activities, and does them to achieve the institutes aims and its strategic plans and its differen t policies. (Pealow, 2000) 2- The execution stage: it contains put plans and policies which have been developed in the last stage in effective application, during to the application programmes and balance sheet and different other procedures. (Pealow, 2000) 3- The watching strategic stage: this stage contains evaluate the institute performance to ensure that the strategic aims applied according to the plans and the correcting procedures to correct mistakes and effective watching for the application. But the human resource strategic is decision making process relates to the human resource system that make the human resource system with the environmental conditions and to support the institutes strategic and achieve it strategic aims to face the exchange that face the institute according the environmental conditions. (Pealow, 2000) There is difference between work force planning and the human resource strategy but the human resource, so the work force planning strategy foc us on application employments in human resources management because it is a part from the institute strategy and work with it to achieve the strategic aims, the human strategic human resources materials identify through to: 1- Studying the environmental materials that surrounded the institute from all its side and the human resource system. 2- Putting on the human resources aims with supporting the general aims of the institute and working on doing them. 3- Apply the human resource private strategy that supports its general strategy. 4- Apply the work plans and policies and the private time programmes of human resource that support the strategy. Management Of Islamic Bank In UAE Now the differentiate between the local and international business demands on the banking environment the great generated development from the quick technical development that dominate on the business with two its forms productive and serving, in all organizations, and the actual of competition that depending on the employ career and modern technology, in the work sector adding development and improvement in the productions and services in all kinds and forms, that achieves the organizations aim to destroy the competitions obstacles, and apply its planes, due to the progressing improvement in the field of development and progress of the organizations strategies. And to achieve all of these things, it is necessary and duty of the managements find strategic professional management for human resources and it should be the productive and creative basic of the organization with specialist rule can be deal with the environmental changes, and to integrate its strategy with the organiza tion strategy that it deals with to use the chances and face changes and the ability to self built, that helps to achieve strategic aims for managements and organizations. The process of educated and trained human resource the most important cases that the banks and institutes related to, so on the developing nations take great importance combined with great desire to develop and improve the work performance for the workers and identify their productivity, in this research we will study the strategic management for human resource as group of modern systems that completed to achieve human resource system that aims to support the organization strategies to face changes with environmental cases that achieve its development and progressing. Challenges Facing Islamic Banking Islamic banking faces many challenges around the world. There are many challenges related to conventional banking, globalization, competition, price and quality, economy, growth, capital and long term investment. The Islamic banking has many weaknesses and strengthens which make them workable in hostile environment. (Challenges facing Islamic, 2005) Islamic bank should develop global banking industry and open their self for financial balance and attracting large number of clients for greater ability to attract the capital and providing best possible service. (Tahir, 2006)Islamic bank should also provide better rule and standards, good station, good technical system, good financial technology and innovation. Islamic bank should also regulate itself according to international Islamic financial market. (Challenges facing Islamic, 2005) There are many challenges related to commercial aspects affecting Islamic banking and Islamic institution. Below diagram illustrate the differenc es which are faced by Islamic bank in no-commercial and commercial pressure. The Islamic Bank In UAE And Market Discipline UAE as new creative and development country adapt all new changes that related to business so that it could continues and implement always the demands of world economy and created relations in a way for stronger marketing improvement. And since the banking investment it is one main way to achieve the successful in business environment, as a result the UAE government id support and help to have 8 Islamic banks that been entered to the market in all UAE with capital investment exceed trillions of dollars. So all these banks did already start their operations and did increase the preference in the huge economy of UAE. So, all banks in UAE do have plans to get more profits ASAP based on the visions and missions to become as one of the leading banks in the world (Archer Karim, 2007). Islamic banks in UAE considered as a multinational organizations network that spread all over the region. There are legends in innovation founded in UAE economy. They do provide products and a service i n different countries, recently employed thousands of people around the region, and sells and services real estate and other retails in many countries. Market discipline plays an important role in banking and if an Islamic bank has to develop; it has to follow the steps of information, ability, incentives and mechanism combining with market discipline which is shown diagram below. (Archer Karim, 2007) Figure 3: Developing market discipline in Islamic Banking Islamic Banks Nature Of Innovation Nature of economy is changing developed world, more and more innovation is needed for continuous growth. (Tahir, 2006)The challenge face by today world is crisis which is faced by different organization and institutions. This crisis makes difficulty in lending, decline in non-financial organization cooperation for growth so we need innovative concept and technique which are in early Islamic banking such as Mufawada, and Mudarabah. (Iqbal, 2001) Below are the growth factors in variable terms and it effect on Islamic banking, these analysis give us the perspective where the Islamic bank are standing and where they should go in coming decade. v IBs stands for Islamic Banks v CG stands for control group which consist of conventional banks. Source: Dr. Munawar Iqbal (2001). In Islamic Banking and Finance: Current Developments in Theory and Practice (p. 382). United Kingdom: The Islamic Foundation. In 1990-94 Islamic bank investment growth was 11.3% while control group has negative growth. In 1994-97 Islamic bank had a decrease growth 7.3 % while control group had increase growth of 9.1%. Source: Dr. Munawar Iqbal (2001). In Islamic Banking and Finance: Current Developments in Theory and Practice (p. 382). United Kingdom: The Islamic Foundation. In 1990-94 Islamic bank assets growth were 9.3% while control group has asset growth of 4.8%. In 1994-97 Islamic bank had a decrease growth 6.8 % while control group had increase growth of 6.6%. Source: Dr. Munawar Iqbal (2001). In Islamic Banking and Finance: Current Developments in Theory and Practice (p. 382). United Kingdom: The Islamic Foundation. In 1990-94 Islamic bank equity growth were 7.9% while control group has asset growth of 6.4%. In 1994-97 Islamic bank had increase growth 10.5 % while control group had decrease growth of 4.7%. In 1990-94 Islamic bank deposits growth were 9.3% while control group has deposit growth of 3.1%. In 1994-97 Islamic bank had decrease growth 6.1 % while control group had increase growth of 7.2%. Conclusion Islamic banking is a very young concept compare to traditional banking, still it is implemented in Islamic countries but Islamic countries there is also traditional banking which is the threat to Islamic banking. Despite the success of Islamic banking there are few problems in Islamic banking which are related to area of finance. (Gafoor, 1995) To get rid of problems Islamic banking, Islamic bank should get rid of unwieldy, troublesome and uncertain financing activities, and have efficient and effective interest free banking. In Islamic banking it has all needed and basic required element for successful banking but they need little modification, such modified example is mudaraba financial service. Islamic bank also should operate in non-Muslim countries and they should give positive alternative to conventional banking for non Muslim people. (Gafoor, 1995) Finance is unique feature of Islamic banking and it should be relevant to shariah and Islamic principle, but it must not f orget to have a country which can develop itself on Islamic banking. Reference 1. Archer, S., Karim, R. A. (2007). In Islamic Finance: The Regulatory Challenge (pp. 14,99,372). Singapore: John Wiley Sons (Asia) Pte Ltd. 2. Iqbal, M. (2001). In Islamic Banking and Finance: Current Developments in Theory and Practice (p. 382). United Kingdom: The Islamic Foundation. 3. Warde, I. (2000). Riba, Gharar and The Moral Economy Of Islam. In Islamic Finance in the Global Economy (pp. 55-59). Edinburgh: Edinburgh University Press. 4. Pealow, J. (2000). Strategic Management And Accountability For First Nations. Retrieved January 27, 2010, from https://www.icpas.org.sg/epublication/saa-attachment/Andy%20Tan%20Write%20Up.pdf 5. Islamic banking. (2010, January 28). In Wikipedia, The Free Encyclopedia. Retrieved 15:13, January 28, 2010, from https://en.wikipedia.org/w/index.php?title=Islamic_bankingoldid=340499942 6. Iran International. (2006, March). Islamic Finance Gears Up. Retrieved January 24, 2010, from Iran International Magazine: https://www.iraninte rnationalmagazine.com/issue_39/text/islamic%20finance.htm 7. Gafoor, A. A. (1995). Current Practices. Retrieved January 20, 2010, from Islamic Banking: https://www.islamicbanking.nl/chap4.html#_Toc3149103 8. Centralbank. (1985, December 15). LawNo6 -1985. Retrieved January 23, 2010, from UAE Central Bank: https://centralbank.ae/pdf/LawNo6-1985-IslaminBanks.pdf 9. Challenges facing Islamic. (2005, August 5). Challenges facing Islamic financial institutions. Retrieved January 25, 2010, from Khaleej Times Online: https://www.khaleejtimes.com/DisplayArticle.asp?xfile=data/business/2005/August/business_August104.xmlsection=businesscol= 10. Tahir, S. (2006). Challenges facing Islamic finance: Research Areas. Retrieved January 25, 2010, from https://www.cba.edu.kw/elsakka/DL-06Tahir_Challenges_DrTahir.pdf