AlBaraka‚ Islamic bank is an institution that mobilizes financial resources and invests that money in an attempt to achieve pre-determined islamically - acceptable social and financial objectives. Both mobilization and investment of money should be conducted in accordance with the principles of Islamic Sha’riah whereas according to Ustaz Hj Zaharuddin (2007) stated that conventional bank operates based on debtor-creditor relationships. For example‚ it is between depositors (creditor) and bank (debtor);
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INTRODUCTION Islamic finance system has its basis in great Islamic value. It is Riba-free system ( Riba means interest) which ensures the abolition of profit-sharing from the whole financial system. Islamic Finance System (IFS) can be categorized with absence of ‚ Interest based transactions Interest based financial institution Unethical and doubtful transactions Companies’ stocks involved in unlawful activities Market manipulation And so on and so forth. Islamic Financial System is opposite of Conventional
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markets activity. Excluding the gain on deconsolidation of CIMB Aviva of RM250 million in 4Q11‚ the uplift in non-interest income was 19.8%. The Group’s profit before tax (“PBT”) was 9.1% higher at RM5.678 billion. In 2012‚ the Group’s regional Consumer Bank PBT expanded by 23.9% Y-o-Y to RM2.323 billion. The Malaysia & Singapore consumer operations PBT grew 17.7% Y-o-Y despite only moderate revenue growth due to provision write-backs in Malaysia and
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be known as the world’s local bank and this tagline reflects HSBC positioning as a globe spanning financial institution with a unique focus on serving local markets. The Hong Kong and Shanghai Banking Corporation Ltd (HSBC) was established in 1865 to finance the growing trade between China and the United Kingdom and currently‚ it is the second largest bank in the world. In spite of serving more than 100 million customers through 9500 branches in 79 countries‚ the bank works hard to maintain local
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MARINA HOTEL‚ DUBAI BACKGROUND OF THE HOTEL TAMANI Hotels is dedicated hospitality and leisure management division of KM Properties‚ which is the real estate development division of Dubai based KM Holding. Last year the group launched a US $2.3 billion Islamic-compliant real estate fund. The fund has been established to develop and own an international chain of hotels‚ and other real estate assets encompassing residential‚ commercial and retail components‚ that abide by Islamic principles. It
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THE BANK OF THE FUTURE: innovative solutions to meet the challenges of the new environment Syndicate 1 team members: Jerome Bagley Michele Bovet Kabelo Mothlala Sifiso Musundwa Nolwazi Nzama Kumaran Pather Aneesa Razack 0829017524 0836552395 0798767059 0760517514 0713517702 0833910101 0823992568 jeromeb@nedbank.co.za micheleb@sahomeloans.com kmothlala@fnb.co.za sifiso.musundwa@absa.co.za nolwazi.nzama@standardbank.co.za kumix20@gmail.com arazack@fnb.co.za 0836763987 davidm@advantica.co.za Project
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SHARÔÑAH GoVeRnAnce FoR ISlAmIc FInAncIAl InStItutIonS Rodney Wilson∗ Abstract For Islamic financial institutions to have credibility‚ formal procedures for SharÊÑah governance are required; otherwise clients would have no assurance that the institution is upholding the principles of Islam in its financial dealings. This formal assurance can be provided by national law‚ as in the case of Iran‚ which enacted the Law on InterestFree Banking of 1983‚ under which all banking operations had to be SharÊÑah
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manage real estate assets as stipulated by the Central Bank of Bahrain. (Central Bank of Bahrain) Based on the investment requirements of the funds as stated in NBK fund website‚ NBK can make the fund either “Expert” or “Exempt” given that the minimum investment is $250‚000 (above the minimum $100‚000 for exempt and well above the $10‚000 for expert). Opting for exempt CIU will reduce the legal requirements to the minimum. (Central Bank of Bahrain) According to the CBB‚ the initial capital
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Cultural differences and conflicts in tourism: a case study of Dubai: Culture determines human behaviour and shows differences on how people do things and receive world. People are not consciously aware of their culture before they come across foreign culture. Foreign culture set situations where people feel uncomfortable which helps them to understand cultural differences. Elements generating cultural differences are such as language‚ religion and economics (Reisinger & Turner‚ 2003). Two
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international‚ including First Class Lounge‚ Sakura Lounge annex and JAL Lounge; and domestic lounges‚ including Diamond Premier Lounge and JAL Lounge. Access to the lounges depend on the class of travel or the membership status in the JAL Mileage Bank or JAL Global Club. Sakura Lounge in Narita International Airport Terminal 2 The Sakura Lounge offers complimentary beverages‚ including juice‚ soda drinks‚ coffee‚ tea‚ mineral water and alcohol drinks; and snacks. A variety of reading materials
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