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From a bird's eye view, one could differentiate between three basic types of Islamic risk management products and mechanisms: First, those that are formally being standardized, such as the ISDA/IIFM Ta'Hawwut (Hedging) Master Agreement; second, risk management methods directly based on the well-recognized Islamic financing modes and rules; and third, the possibility to use formally Shariah-compliant mechanisms to replicate conventional risk management products and risk profiles. As for the first type, there is a global trend towards the unification or de facto standardization of risk management products, which can be ...
Construction on a suicide barrier at Cold Spring Bridge has been suspended due to a judge’s decision. The judge, responding to a lawsuit from a citizen group, determined Caltrans didn’t properly follow state law in circulating an environmental impact report on the project. Judge Halts Work on Cold Spring Bridge Years of protesting, writing op-eds, showing up to public meetings on stilts, walking along Cold Spring Canyon Bridge, trumpet in hand, and other attention-getting antics by retired UCSB professor Marc McGinnes, fueled by his opposition to a suicide barrier on the bridge, often ... Read More
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