Preview

Company Overview of Al Hilal Bank

Satisfactory Essays
Open Document
Open Document
266 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Company Overview of Al Hilal Bank
Al Hilal Bank, an Islamic bank, provides banking products and services in the United Arab Emirates. It offers personal banking, including deposit accounts, finance facilities, credit cards, safe deposit lockers, and the financial mall; and wholesale banking, such as project, contract, asset acquisition, asset, working capital, and trade finance. The company also provides treasury products to institutions and government entities, as well as high-net-worth individuals. In addition, it offers foreign exchange contracts, including spot, forward, cross-currency swaps, options, and other structured products to assist its customers in their foreign exchange risk management needs. Further, the compa...
Detailed Description
Sheikh Sultan Bin Khalifa Building
1st-3rd Floor
Corniche Road
Abu Dhabi,
United Arab Emirates
Founded in 2008

Al Hilal Bank PJSC (the “Bank”) was incorporated in Abu Dhabi, United Arab Emirates on
18 June 2007 by virtue of Amiri Decree number 21 of 2007, with limited liability, and is registered as a public joint stock company in accordance with the United Arab Emirates
Federal Law number 8 of 1984 (as amended),
United Arab Emirates Federal Law number 10 of 1980 (as amended) and United Arab Emirates
Federal Law number 6 of 1985 regarding Islamic banks, financial institutions and investment companies. The Bank commenced operations on 19 June 2008.
The Bank is wholly owned by the Abu Dhabi Investment Council, an investment arm of the Government of Abu Dhabi. The Bank’s shares are not listed on a recognised exchange.
The Bank is primarily involved in Islamic personal, wholesale, treasury and investment banking activities in the UAE and through a wholly owned subsidiary in

You May Also Find These Documents Helpful

  • Powerful Essays

    Fins1612 Notes

    • 17846 Words
    • 72 Pages

    Page 3: Introduction to the Financial System Page 7: Commercial Banks Page 12: The Share Market and the Corporation Page 15: Corporations Issuing Equity into the Share Market Page 19: Investors in the Share Market Page 24: Short-term Debt Page 28: Medium- to Long-term Debt Page 32: Interest Rate Determination and Forecasting Page 37: The Foreign Exchange Market Page 40: Factors that Influence the Exchange Rate Page 42: Futures Contracts and Forward Rate Agreements Page 47: Options…

    • 17846 Words
    • 72 Pages
    Powerful Essays
  • Powerful Essays

    Mr Anees Razzak

    • 1252 Words
    • 6 Pages

    Additionally, there are certain areas which have always been a concern just like the Human Recource availability for Islamic financial institutions. When entering an Islamic bank sometimes one finds that conventional bankers are actually running Islamic banks and financial institutions. The first phase of Islamic banking and finance is about bankers who are trained in conventional traditions and have played an important role for the development of Islamic banking. However, now that Islamic banking has become…

    • 1252 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Analyse the pros and cons of hedging foreign exchange transaction exposure, and examine the alternatives available to a firm to manage a large and significant transaction exposure. (600 worlds)…

    • 626 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Liquidity Management

    • 7532 Words
    • 31 Pages

    Bibliography: Abdul-Rahman, Y. (1999). Islamic Instruments for Managing Liquidity. International Journal of Islamic Financial Services, 1(1), 1-7. Ahmad, M. P. S. (2007). Bai` Al-`Inah dan Tawarruq: Kaedah dan Pendekatan Penyelesaian. In Bank Negara Malaysia (Ed.), Muzakarah Cendekiawan Syariah Nusantara 2006: Bai` al-`Inah dan Tawarruq: Isu-isu dan Penyelesaiannya Dalam Konteks Kewangan Islam. Kuala Lumpur: Central Bank of Malaysia. Ali, E. R. A. E. (2007). Bai` Al-`Inah and Tawarruq: Mechanisms and Solutions. In Bank Negara Malaysia (Ed.), Muzakarah Cendekiawan Syariah Nusantara 2006: Bai` al-`Inah dan Tawarruq: Isu-isu dan Penyelesaiannya Dalam Konteks Kewangan Islam. Kuala Lumpur: Central Bank of Malaysia. Al-Khoyat, A. A. A. (2000). Maqasid Al-Shariah Wa Usuul Al-Fiqh. Jordan: Jordan Islamic Bank. Al-Suyuti. (2003). Al-Ashbah Wa An-Nazooir Fi Qawaid Wa Furui Fiqh Al-Shafii. Beirut: Maktabah Al-Asriyyah. Al-Zuhayli, W. (1989). Al-Fiqh Al-Islami Wa Adillatuhu (Third ed.). Beirut: Dar al-Firk. Bank Negara Malaysia. (2007). Commodity Murabahah Programme. Retrieved 9 August 2007, from http://iimm.bnm.gov.my/index.php?ch=4 Bhattacharya, S., & Jacklin, C. (1988). Distinguishing Panics and Information-Based Runs: Welfare and Policy Implications. Journal of Political Economy, 96, 568592. Central Bank of Malaysia. (2007). Shariah Resolutions in Islamic Finance. Kuala Lumpur: Central Bank of Malaysia. Chapra, M. U. (1985). Towards a Just Monetary System. Leicester: The Islamic Foundation. Chapra, M. U. (2000b). Why has Islam Prohibited Interest: Rationale behind the Prohibition of Interest. Review of Islamic Economics, 9, 5-20. Diamond, D. V., & Dybvig, P. (1983). Bank Runs, Deposit Insurance and Liquidity. Journal of Political Economy, 91(1), 401-419. El-Gamal, M. A. (2006). Islamic Finance: Law, Economics and Practice. Cambridge: Cambridge University Press. Fabozzi, F. J., & Modigliani, F. (2003). Capital Markets: Institutions and Instruments (Third ed.). New Jersey: Prentice Hall. Greuning, H. V., & Bratanovic, S. B. (1999). Analyzing Banking Risk: A Framework for Assessing Corporate Governance and Financial Risk Management. Washinton D. C.: The World Bank. Heffernan, S. (1996). Modern Banking in Theory and Practice. New York: John Wiley and Sons. Iqbal, M., & Molyneux, P. (2005). Thirty Years of Islamic Banking: History, Performance and Prospects. New York: Palgrave Macmillan. Khan, M. S., & Mirakhor, A. (1987). The Framework and Practice of Islamic Banking. In A. Mirakhor (Ed.), Theoretical Studies in Islamic Banking and Finance. Texas, USA: The Institute for Research and Islamic Studies. Klein, G. (1995). Dictionary of Banking. London: Pitman Publishing.…

    • 7532 Words
    • 31 Pages
    Powerful Essays
  • Better Essays

    Iraq's Economy

    • 1060 Words
    • 5 Pages

    The products UBS (Union Bank of Switzerland) offers are great tools for many consumers around the world. Hedge funds, business and private banking are products among many other products designed to help the consumer’s financial needs. Iraq is a country with many financial problems triggered by years of oppression and corruption. The United States government and different bank institutions around the world are forming a coalition to help improve the economy of Iraq by bringing access to the outside financial world with products that will be accessible by the regular consumer. More financial options with more financial institutions for the citizens of Iraq will help them with…

    • 1060 Words
    • 5 Pages
    Better Essays
  • Best Essays

    G.4 International Business Publication (ed.) 2011,Saudi Arabia Central Bank & Financial Policy Handbook : volume 1 strategic information and important regulations, Washington DC.…

    • 2458 Words
    • 10 Pages
    Best Essays
  • Powerful Essays

    Bibliography: Aliber, R.Z., 1984. International banking, a survey. Journal of Money, Credit and Banking 16, pp. 661–712…

    • 1742 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Acadamic Documents

    • 51916 Words
    • 208 Pages

    Head Office King Road, P.O. Box 6277, Jeddah 21442, Kingdom of Saudi Arabia, Tel.: (+966) 2 609 8888, Fax: (+966) 2 609 8881 SWIFT: BAJZSAJE, E-Mail: info@baj.com.sa, www.baj.com.sa Contents Financial Highlights Board of Directors 6 Cheif Executive Officer’s Foreword 8 Executive Management 10 Board of Directors’ Report 11 Shari’ah Advisory Board Report 36 Network 38 Independent Auditor’s Report 41 Financial Statements 42 Basel II Pillar3 Qualitative Disclosures I 5 Chairman’s Statement 2 3 95 BANK ALJAZIRA ANNUAL REPORT 2011 Financial Highlights (In SAR millions, except where indicated) Loans and advances, net Total assets Customer deposits Shareholders’ equity Net special commission income Fee income Gain on investments, exchange and other Total operating income…

    • 51916 Words
    • 208 Pages
    Good Essays
  • Powerful Essays

    Taking out short term derivatives or taking positions in them by Multi-National Companies, Firms or organization be it large or small, have become essential and necessary due to incessant fluctuations in exchange rate. Today's sophisticated international markets have helped foster the rapid growth in derivative instruments. As long MNC’s or individuals deal in more than one currencies whether in payables or in receivables. Given the potential shifts in the supply or demand for currency, firms and individual who have assets or business interest in foreign currencies that deals in businesses that…

    • 2734 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    References: 3 1. Carbaugh, R.J., (2005). International Economics. 10th Edition. United States of America: Thomson South-Western 2. Cross, S.Y., (1998). All about the Foreign Exchange market in the United States. New York: Federal Reserve Bank of New York. 3. Hagendorff, J., (2010). International Banking Course Book. UGB322 International Banking. England: University of Sunderland, unpublished. 4. Ickes, B.W., (2006). The Foreign Exchange Market [pdf]. Available at: < http://econ.la.psu.edu/~bickes/forex.pdf>. [Accessed 1 April 2012]. 5. Machiraju, H.R, (2008). Modern Commercial Banking. 2nd Edition. New Delhi: New Age International (P) Ltd., Publishers. 6. Madura, J., (2010). Financial Market and Institution. 9th Edition. Canada: SouthWestern 7. McIntosh, H., (2000). “How the Foreign Exchange Market Works”. Bank of Jamaica Working Series. No. 5 8. Mehta , D. and Fung, H.G., (2004). International Bank Management. UK: Blackwell Publishing Ltd. 9. Shubita, M.F., et al., (2011). “Foreign Exchange Exposure: An Overview”. International Research Journal of Finance and Economics. Issue 78, pp. 171-177…

    • 6218 Words
    • 25 Pages
    Good Essays
  • Good Essays

    Asiacell

    • 545 Words
    • 3 Pages

    This article relates to chapter ten, (Hill, 2013) as it deals with the foreign exchange market. In the introduction of chapter ten it explains how the foreign exchange market works (p. 324). In the article (2013) an Iraqi based company Asiacell has stimulated the Iraqi market by selling shares of the company to investors (p. 1). Asiacell has provided growth opportunities to Iraq. The nature of the foreign exchange…

    • 545 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Pest Analysis of Uae Banks

    • 3869 Words
    • 16 Pages

    In this report we did a meticulously researched investment products and financial services for Ms Prakesh, Regional Marketing Manager of MFS. We wrote about banks in the UAE and the tow main categories of banks that are local banks and branches of foreign banks. However the number of banks of both national and foreign banks reached 61 banks, which shows the success of the financial services in the UAE. We also analysis the external macro-environment that affects all firms of industry, PEST analysis is a short form of Political, Economic, Social, and Technological factors that should be considered for any foreign investment. We have analysis for Ms Prakesh all those factors and we found that the UAE is a very suitable for open a business because it have a developed and increased financial income. The UAE have shown a success in many fields like the Internet, education, medical, growth GDP and trades. In this report also we wrote about the competitors, about their products and services and promotions. Ms Prakesh is interesting in Islamic Banking so we have researched about it and we wrote about one of the Islamic banks in the UAE, which is Abu Dhabi Islamic Bank.…

    • 3869 Words
    • 16 Pages
    Good Essays
  • Good Essays

    Mr. Rami Al-Juma'I

    • 3513 Words
    • 15 Pages

    | H.H. Prince Talal Bin Abdulaziz Al Saud declares an initiative for establishing banks of the poor.…

    • 3513 Words
    • 15 Pages
    Good Essays
  • Powerful Essays

    BankMuscat assets are worth over USD 8.5 billion, BankMuscat (SAOG) is the largest bank in Oman today with a strong presence in Corporate Banking, Consumer Banking, Investment Banking, Treasury, Private Banking, Project Finance and Asset Management. The Bank has a network of over 101 branches and 239 ATMs in Oman and a representative office in Dubai (UAE). BankMuscat also has a strategic stake in Centurion Bank of Punjab, one of the largest private sector bank in India, and has a 49% stake in BankMuscat International (BMI), an independent banking entity in Bahrain that is focused on becoming a truly GCC regional bank. The Bank has also recently opened its operations in the Kingdom of Saudi Arabia.…

    • 3440 Words
    • 14 Pages
    Powerful Essays
  • Powerful Essays

    Coffee Supply and Demand

    • 5612 Words
    • 23 Pages

    Middle Eastern Finance and Economics ISSN: 1450-2889 Issue 8 (2010) © EuroJournals Publishing, Inc. 2010 http://www.eurojournals.com/MEFE.htm…

    • 5612 Words
    • 23 Pages
    Powerful Essays