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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you think you are suited to this role: * I am applying for the Senior Associate‚ Term Finance role at the Islamic Corporation for the Development of the Private Sector. I am a British Government Chevening Scholar and a recent MBA Graduate from Manchester Business School in England and have also completed an exchange program with McGill University in Canada. The ICD‚ member of the Islamic Development Bank Group‚ is the multilateral financial institution that supports the private sector in in the
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Islamic Trade Finance Presented by Jamaliah Abd Malik Objective • At the end of this session‚ the participants will be able to • List down the trade finance-i products available • Explain briefly the concept applicable Contents • • • • • Introduction • What is trade • Method of payments Summary of products available with banks Letter of credit-i Trust receipt-i Letter of Guarantee-i Contents- contd • • • • • Shipping-i Accepted Bills-I Bills Purchased-i
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left in turmoil after the defeat of the Ottoman Empire in World War 1 and its eventual dissolution in 1922‚ initiated by the Allies. The Ottoman Empire was a multinational‚ multilingual empire and the official state Dīn of the empire was Sunni Islam‚ although there was a hegemonic power of Muslim control over the non-Muslim population‚ non-Muslim communities in the Ottoman Empire had been granted state recognition and protection in the Islamic tradition. With the Empires defeat‚ its partitioning
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Topic: Salient features of Islamic economics compared with capitalism and socialism Lahore College for Women University “Islamic Economics and its Features” System: System can be defined as: “System (from Latin systema‚ in turn from Greek systēma) is a set of interacting or interdependent entities‚ real or abstract‚ forming an integrated whole.” We can also define system as “A group of D that interact regularly to perform a task.” There are many systems regarding state and most
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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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Somalia: Phases of the Modern Development of Islamic Movements Dr. Abdurahman Abdullahi ( Baadiyow)i The historical evolution of the Islamic movements in Somalia have attracted less academic interest in the research communities and existing modest literature addresses Islam from the margins of history‚ through Orientalist and secularist discourses and security perspectives. Nonetheless‚ scholarship on Islam in Somalia slightly improved since the collapse of the Somali state in 1991 and increased
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Islamic Finance is a financial system that doesn’t work like other conventional banking systems. It follows the Islamic law‚ Shariah‚ which doesn’t allow certain aspects of a normal banking system such as usury and speculation. There are some main principles to be followed in Islamic banking. First of all‚ it prohibits interest‚ or Riba. Riba is forbidden in Islam‚ and therefore Islamic banking system adopts the principle of profit and loss sharing. It also prohibits uncertainty‚ gambling‚ and prohibits
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The Islamic State of Iraq and the Levant (ISIL) also translated as the Islamic State of Iraq and Syria or al sham (ISIS) and known in Arabic by the acronym Daʿesh is an anti-Shi’ist unrecognized Islamic state in Iraq and Syria. Being unrecognized by the international community‚ it is difficult to accurately classify the organization/state and therefore difficult to rate in terms of power.1 However‚ ISIS itself claims sovereignty and statehood and has proven that it is capable of forming a government
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Uncertainty (Gharar) عقد الغرر Definition of Gharar: Literally: Gharar means risk‚ deceit‚ or hazard. Taghrir is the verbal noun of Gharar. Legitimate definition: Ibn Hazm said‚ Gharar in sales occurs when the purchaser does not know what he has bought and the seller does not know what he has sold. Al-Sarkhasy: One of the most famous jurists of Hanafi school said:" Gharar occurs when consequences are concealed." Al-Zailii: A famous jurist of the same school said’ "Gharar occurs when consequences
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