O R T F O L I O MANAGEMENT OF ISLAMIC BANKS ’Certainty Model ’ B.A. BASHIR* University of Lancaster‚ Lancaster LA1 4 YX‚ UK Received January 1982‚ final version received February 1983 The Islamic banking and finance system is recent in origin. Its special features preclude the application of modern finance theories. The system is briefly described in this paper as part of an initial attempt to develop a simple model for the portfolio management of an Islamic bank. The model is built on
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Pillars of Islamic Banking & Finance By: Munawwar Ali Kartio Research Scholar MBA (Finance)‚ DAIBP‚ LLB‚ PGD (Islamic Banking & Finance) Under Supervision of Prof Dr. Iqbal Ahmed Panhawar Pro-Vice Chancellor UNIVERSITY OF SINDH – JAMSHORO (MirpurKhas Campus) بسم الله الرحمن الرحيم PILLARS OF ISLAMIC BANKING & FINANCE Abstract Islam emphasis justice and equity in all spheres of human society and refrains from all sorts of exploitation in financial dealings. It encourages
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Islamic Financial Institution (IB 1004) Project Work “Islamic Finance development: the Moroccan experience” Student: FZ Habib Eddine CIFP online 2013 1. Islamic Banking in North Africa Compared to other Muslim regions North Africa is still undeveloped in terms of Islamic Finance Institutions. The largest Islamic Bank in the region is Faisal Islamic Bank of Egypt established in 1971 but it is still a small institution compared to other Banks in Middle East and Gulf Area‚ according
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Fulda‚ Germany Available online 4 March 2010. Abstract Islamic banking and finance have grown rapidly in recent decades. Islamic banks offer a range of products‚ which‚ in complying with Islamic law‚ often differ from traditional Western financial products. Consequently‚ developing accounting standards to guide Islamic financial reporting is now an important issue. To this end‚ the Accounting and Auditing Organization for Islamic Financial Organizations (AAOIFI)‚ was established in Bahrain
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A thesis on ‘‘COMPARISON OF ISLAMIC AND CONVENTIONAL BANKING: A CASE STUDY OF PRIVATE BANKS KARACHI‚ PAKISTAN’’ Submitted to: Faculty of Business Administration In partial fulfilment of the requirements for the degree of MASTERS OF BUSINESS ADMINISTRATION (MBA) Supervised by: Ms. Ambreen Faizan Ms. Amna Munir Submitted by: Naveen Naqvi Enrolment No: 2008/Bus.A/BBA/8317 Major Subject: Banking and Finance Dedication I dedicate this research work to my beloved parents
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Deposits are strictly not considered as loans in the Islamic sense. If it is in the form of money‚ then he has an obligation to pay Zakat out of it. If these deposits are indeed loans‚ then it is the banks which should pay zakat on them. In reality‚the banks make the depositors pay the zakat ‚ which is injustice. (Alexandra R‚ Hardie & M. Rabooy‚ 1991) M. Norain‚ Ariffin‚ & M Adnan explained the perceptions and awareness among bankers in Islamic banks is essential to enhance corporate social responsibility
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2088-9976 RESEARCH PAPER Liquidity Risk Management And Financial Performance In Malaysia: Empirical Evidence From Islamic Banks Noraini Mohd Ariffin Assistant Professor at the Department of Accounting‚ Kulliyyah of Economics and Management Sciences‚ International Islamic University Malaysia. The author would like to thank Associate Professor Dr. Salina Kassim from International Islamic University Malaysia for giving valuable comments in completing the paper. Abstract - Liquidity risk arises from
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LAWS OF MALAYSIA Act 276 Islamic Banking Act 1983 Date of Royal Assent Date of publication in the Gazette 9-Mar-1983 10-Mar-1983 An Act to provide for the licensing and regulation of Islamic banking business. PU(B) 182/1983 [7th April 1983] ARRANGEMENT OF SECTIONS PART I PRELIMINARY 1. Short title‚ commencement and application. 2. Interpretation. PART II LICENSING OF ISLAMIC BANKS 3. Islamic banking business to be transacted only by a licensed Islamic bank. 4. Minister may vary or
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RISK MANAGEMENT IN ISLAMIC BANKING Chief Risk Officer BANK ISLAM MALAYSIA BERHAD Jeroen P.M.M. Thijs Bank Islam reserves all propriety rights to the contents of this Presentation. No part of this Presentation may be used or reproduced in any form reproduced without Bank Islam’s prior written permission. Islam’ This Presentation is provided for information purposes only. Neither Bank Islam nor the Presenter makes any warranty‚ expressed or implied‚ nor Neither assumes any legal liability or
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and Jebel Ali Free Zone raised funds through sukuk but were forced to restructure once they found themselves unable to pay creditors. | * The market in Islamic bonds‚ or sukuk‚ is believed to total about $50 billion‚ roughly one per cent of global bond issuance * Dubai’s fast-growing Emirates airline said it was looking at the Islamic finance market to fund aircraft deliveries as European banks backed out of plane deals because of the euro zone debt crisis. * Some big Western banks‚ facing
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