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
Premium Risk Islamic banking Risk management
C‚x7ik y7ku`w2History of Islamic Banking in Pakistan Efforts to Islamize the economy of Pakistan started in the mid 60s. However a significant attempt was made in the mid 80s1 to convert the banking system to an Islamic banking system. The Banking Companies Ordinance (BCO‚ 1962) was amended to accommodate non-interest based transactions and the industry was given a specific timeline to convert to the non-interest based system. In early 90s‚ the whole exercise was challenged in the Federal Shariat
Premium Islamic banking
Chapter 9 Stock Valuation Learning Objectives 1. List and describe the four types of secondary markets. 2. Explain why many financial analysts treat preferred stock as a special type of bond rather than as a true equity security. 3. Describe how the general dividend-valuation model values a share of stock. 4. Discuss the assumptions that are necessary to make the general dividend-valuation model easier to use‚ and be able to use the model to compute the value of a firm’s stock
Premium Stock market Stock Preferred stock
1. Introduction Islamic View on Terrorism The events of September 11th‚ 2001 brought the issue of terrorism to the forefront of world affairs in an unprecedented manner. The attacks on the World Trade Center and the Pentagon forced a new and aggressive campaign to combat terrorism worldwide. The US declared a war on terrorism. On October 7th‚ a war against Afghanistan was launched by the US and Britain supported by many nations in the world. The US declared list of suspects
Premium Islam Muhammad Qur'an
The Systems Approach to Curriculum Development Introduction This booklet provides a basic introduction to the paradigm that has dominated educational technology and educational development since the 1970 ’s - the systems approach. It begins by looking at how educational technology evolved from the ’technology in education ’ model on which it was originally based to the current ’technology of education ’ model - a model that is founded on general systems theory. It then introduces some of the
Premium Educational psychology Psychology Learning
Islamic Contract Law TYPES OF COMMITMENTS 1. Wa‘d – • • • – وunilateral promise One party binds itself to perform a function for another Does not normally create legal obligation Legal obligation is created: • • Genuine need of the masses – (ر Contingent promise ا س )رد ا ز ن ز ا إذ ا 2. Muwaa‘ada – ا ة • • • • – bilateral promise Two parties performing two unilateral promises on the same subject Use of two unilateral promises can lead to a forward contract
Premium Contract
Life Cycle Costing Life-cycle cost (LCC) or also known as whole-life cost refers to the total cost of ownership over the life of a product. LCC commonly referred to as "cradle to grave" or "womb to tomb" costs. The costs considered include the financial cost which is relatively simple to calculate and also the environmental and social costs which are more difficult to quantify and assign numerical values. According to Business Dictionary‚ life cycle costing is a procurement and production costing
Premium Costs Cost
100 Hadiths About Being the Best! Prophet Muhammad (sallallahu ‘alayhi wa sallam) told us: 1. “The best of the Muslims is he from whose hand and tongue the Muslims are safe.” (Muslim) 2. “The best of people are those with the most excellent character.” (Tabarani‚ Sahih) 3. “The best of people are those that bring most benefit to the rest of mankind.” (Daraqutni‚ Hasan) 4. “The best of people are those who are best in fulfilling (rights).” (Ibn Majah‚ Sahih) 5. “The best of people
Premium Muhammad Hadith
PROPHET ISA (A.S) THE BIRTH OF ISA (A.S.) Maryam (A.S) gave birth to Isa (A.S.)in Bethlem‚ six miles south of Jurusalem in a remote place away from people. Some historians say that Maryam was then fifteen years old. She prayed to Allah (SWT) for eas from her pain and the angel immediaty told her to shake the palm tree beside her. Dates dropped on her miraculously‚ as palm tree don not normally drop dates by the shaking of one person alone. Allah (SWT) also made a stream of fresh water run by her
Premium Qur'an Prophets of Islam
Journal of Banking and Finance 7 (1983) 339-354. North-Holland P 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
Premium Investment Bank Islamic banking