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Pir Hassan Ali Shah Publications
Shah, P. H. A. (2023, June). Agency conflict affecting the business of multinational corporations (MNCs). Islamic Finance Review (ISFIRE), 13(3), 64–69. https://www.isfire.net
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Shah, P. H. A. (2023, August). Sustainable business from an Islamic perspective. Islamic Finance Review (ISFIRE), 13(4), 66–73. https://www.isfire.net
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Pir Hassan Ali Shah. (2023, December 6). The Wonderful Role of a Mother in the Family. Fair Observer. https://www.fairobserver.com/culture/the-wonderful-role-of-a-mother-in-the-family/
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Shah, P. H. A. (2023, December). Accomplishing a Robust Economic Future: London's Route to Monetary Stability. Islamic Finance Review (ISFIRE), 13(6), 70–77. https://www.isfire.net
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Shah, P. H. A. (2024, February). How to Learn and How to Use Law from the US Company Fraud of Enron. Islamic Finance Review (ISFIRE), 14(1), 48–55. https://www.isfire.net
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This paper reviews a comprehensive study about the Enron failure, including the specific events that gave rise to the firm's rise and ultimate failure, how fraud was conducted, and how duties and rules can be utilized to prevent scams, which may be learned directly from the Enron example. Let us build the image of a call for a meeting about Enron and the questions and answers the top executives and management ask each other. What is the short new way for you to solve this problem of money in our bank account at Enron? Someone said trading. Now, again, in the next meeting. What is the short new way for you to solve this problem of money at Enron? Someone said to make a market and control it. Now, again, in the next meeting. What is the short new way for you to solve this problem of money in our bank account at Enron? Build a new company. How to build a new company? Yes, our main company has a specific purpose company, and then we mix the transactions so that nobody understands what we are doing. To wrap everything up, the scandal surrounding Enron is a great example about the disastrous results caused by co fraud. Rules and laws that clarify the responsibilities of companies and their leadership have been established and brought into place in order to combat and prevent these acts of fraud. These duties involve standing up for the company's achievements, exercising enough and fair care and alertness, preventing clashes of attention, revealing one's own key interests, and rejecting favors from third parties. Moreover, fraud policies identify certain actions as unlawful conduct, which comprises purposeful concealment of knowledge, fail to live up to legal standards, and abuses of the law. The missions and goals of implementing these duties and regulations are to minimize the frequency of new business scams, promote openness, and safeguard the interests of concerned people throughout the complex business work environment.
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