[pic] ISLAMIC BANKING: IS IT REALLY “ISLAMIC”? By: Omar Mustafa Ansari & Faizan Ahmed Memon Is it really Islamic? …. In this era of development and growth in Islamic finance and banking‚ this is a question being raised at every forum by various quarters. All those who raise this question‚ are undoubtedly well-wishers of Islam‚ Islamic economic system and Muslim Ummah. Accordingly‚ while we celebrate the achievements of Islamic banking on one hand‚ we should not
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SIMILARITIES AND DIFFERENCES OF THE GREAT DEPRESSION AS COMPARED TO TODAY’S FINANCIAL CRISIS ABSTRACT The financial crisis which the United States is combating today‚ in many aspects resembles the characteristics and consequences which were the outcome of the Great Depression lasting from the time period 1929 till 1933 (Great Depression). The Great Depression of earlier times and the financial crisis of the current times from 2003-2008 will be studied in depth in the following research work in
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Money and Banking: Islamic Banking & Conventional Banking Submitted By: Rehman Sohail Hamza Arshad Submitted To: Ms. Shehla Akhtar [pic] Management Sciences Department National University of Modern Languages H-9‚ Islamabad Islamic Banking Vs Conventional Banking One must refrain from making a direct comparison between Islamic banking and conventional banking (apple to apple comparison). This is because
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A Comparative Study of Islamic Banking in Pakistan: Proposing and Testing a Model BY Ashfaq Ahmad PhD Scholar 117/FUIMCS/Ph.D(MS)-2006 FACULTY OF MANAGEMENT SCIENCES 2009 A Comparative Study of Islamic Banking in Pakistan: Proposing and Testing a Model A thesis submitted to the FUIEMS Foundation University‚ Islamabad In partial fulfillment of the requirements for the degree of DOCTOR OF PHILOSOPHY In MANAGEMENT SCIENCES BY Ashfaq Ahmad PhD Scholar FACULTY OF MANAGEMENT SCIENCES 2009 APPROVAL
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UNIVERSAL BANKING What is Universal Banking? “Banking that includes not only services related to savings and loans but also investments.” This is most common in European countries as it is prohibited by law in the United States. Although‚ in recent times there has been much market pressure in the US for change. In universal banking‚ large banks operate extensive networks of branches‚ provide many different services‚ hold several claims on firms (including equity and debt)‚ and participate
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The Effect of Financial Statement in Decision Making Background of the Study In every organization‚ every fiber of decision is important. However‚ before creating such valuable decision‚ it is also important that the decision makers such as leaders has basis. In terms of performance in an organization and creating new business ventures‚ it is emphasized that the use of financial statements or financial reports can be a great source of crafting decision. Through the income statement‚ balance sheet
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Banking in Nepal: A History of Banking System in Nepal This post is about banking in Nepal‚ a history of banking system in Nepal. In the context of Nepal‚ it is very difficult to trace the correct chorological history of the Banking systems in Nepal because there are no sufficient historical records and data about Banking in Nepal. Nepal bank Ltd. is the first modern bank of Nepal. It is taken as the milestone of modern banking of the country. Nepal bank marks the beginning of a new era in the
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DISTRIBUTION IN BANKING BUSINESS Distribution in financial services marketing is concerned with how the service is delivered to the customer‚ making sure that it is available in a place‚ at a time and in a format that is appropriate and convenient for the customer. In a growing number of countries‚ the expansion of the financial services sector has been accompanied by a significant blurring of lines between different institutional types with‚ for instance‚ retail banks offering insurance products
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End of Studies Thesis What is the role of the credit rating agencies‚ which part did they play in the recent Financial Crisis and how can their efficiency be improved? Thesis Supervisor – David Menival Emmeline Beauchamp – Cycle Franco- US – March 2013 Acknowledgments I would first like to thank RMS and especially the CESEM to have taught me a lot‚ helped me to grow and open up and gave me this incredible opportunity of studying two years in the United States. None of this phenomenal
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Come the Financial Crisis Did Not Affect the IB’s? The past year everyone in Greece is complaining about the financial crisis that hit the country during the autumn of 2009. Although in the beginning most people believed that the country would be able to go through it without major problems‚ they were soon proven wrong. Not only Greece wasn’t able to manage the crisis but almost faced bankruptcy and had to go under the International Monetary Fund (IMF) in order to survive. The financial measures
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