Conducting complete energy audit (both process and utility) of a sponge iron unit is challenging as there is no laid down procedure to audit the process side. Further, the average heat to power ratio (kWth/kWe) of spo...Conducting complete energy audit (both process and utility) of a sponge iron unit is challenging as there is no laid down procedure to audit the process side. Further, the average heat to power ratio (kWth/kWe) of sponge iron plants ranges from (25:1) to (31:1). This shows that the manufacturing process mostly uses thermal energy and application of electrical energy is insignificant. The main & only source of thermal energy is coal and the entire coal is fed to the rotary kiln. Therefore we find that “Kiln” is the “Black-Box” of this industry and the success of energy efficiency is hidden in the kiln process chemistry. This article tries to establish detailed energy audit methodology of sponge iron manufacturing process or kiln operation with a view to finding out major energy saving potential of the unit. In the research work we find that it is the incomplete reaction of coal that causes the major energy inefficiency in the process. Substantial amount of un-reacted carbon comes out with the char (by-product) which has virtually zero commercial value. The article also puts a question mark on the justification of using high-grade imported coal in such energy inefficient industries.展开更多
It is undeniable that Islamic financial institutions （IFIs） in Malaysia are growing with a positive impact on the national economic growth. In order to sustain and maintain Shariah compliance in Islamic fmancial ind...It is undeniable that Islamic financial institutions （IFIs） in Malaysia are growing with a positive impact on the national economic growth. In order to sustain and maintain Shariah compliance in Islamic fmancial industry, adequate Shariah audit practices are necessary to ensure that the operation of IFIs should be in parallel with Shariah guidelines and policies set by the authority. In order to equip Islamic industry practitioners with adequate Shariah audit practices, Faculty of Economics and Muamalat （FEM）, Universiti Sains Islam Malaysia （USIM） has introduced a professional Shariah Audit Training （SAT） program for IFIs staffs. SAT is a program that covers various aspects on Shariah audit practices starting from Shariah principles, Shariah governance, Shariah audit program, Shariah audit process, Shariah audit fieldwork, Shariah risk management and Shariah audit communications. Modules used in SAT have been developed based on collaboration between academic institutions and industry players in order to ensure that the knowledge and practice in the industry are harmonized and relevant. The series of trainings conducted in the program are believed to achieve the programme＇s ultimate objective which is to produce Shariah auditors who are qualified and trained to fill the gap for Islamic finance industry. The objective is to produce talents with adequate Shariah audit knowledge. This study provides the result of the SAT program toward IFIs practitioners＇ skills and knowledge on Shariah audit practices.展开更多
文摘Conducting complete energy audit (both process and utility) of a sponge iron unit is challenging as there is no laid down procedure to audit the process side. Further, the average heat to power ratio (kWth/kWe) of sponge iron plants ranges from (25:1) to (31:1). This shows that the manufacturing process mostly uses thermal energy and application of electrical energy is insignificant. The main & only source of thermal energy is coal and the entire coal is fed to the rotary kiln. Therefore we find that “Kiln” is the “Black-Box” of this industry and the success of energy efficiency is hidden in the kiln process chemistry. This article tries to establish detailed energy audit methodology of sponge iron manufacturing process or kiln operation with a view to finding out major energy saving potential of the unit. In the research work we find that it is the incomplete reaction of coal that causes the major energy inefficiency in the process. Substantial amount of un-reacted carbon comes out with the char (by-product) which has virtually zero commercial value. The article also puts a question mark on the justification of using high-grade imported coal in such energy inefficient industries.
文摘It is undeniable that Islamic financial institutions （IFIs） in Malaysia are growing with a positive impact on the national economic growth. In order to sustain and maintain Shariah compliance in Islamic fmancial industry, adequate Shariah audit practices are necessary to ensure that the operation of IFIs should be in parallel with Shariah guidelines and policies set by the authority. In order to equip Islamic industry practitioners with adequate Shariah audit practices, Faculty of Economics and Muamalat （FEM）, Universiti Sains Islam Malaysia （USIM） has introduced a professional Shariah Audit Training （SAT） program for IFIs staffs. SAT is a program that covers various aspects on Shariah audit practices starting from Shariah principles, Shariah governance, Shariah audit program, Shariah audit process, Shariah audit fieldwork, Shariah risk management and Shariah audit communications. Modules used in SAT have been developed based on collaboration between academic institutions and industry players in order to ensure that the knowledge and practice in the industry are harmonized and relevant. The series of trainings conducted in the program are believed to achieve the programme＇s ultimate objective which is to produce Shariah auditors who are qualified and trained to fill the gap for Islamic finance industry. The objective is to produce talents with adequate Shariah audit knowledge. This study provides the result of the SAT program toward IFIs practitioners＇ skills and knowledge on Shariah audit practices.
