Questionnaire (Islamic Bank Account Holders) Branch Name: Perceptions of peoples towards Islamic Banking in Pakistan Purpose: The purpose of this questionnaire is to know your view on Islamic Banking in Pakistan. Your response will help me to complete my Ph.D. dissertation. All information will be for statistical use only and will remain strictly confidential. Thank you‚ in advance for your kind cooperation. 1. Your Age (Please Circle the appropriate category A.18-30 Yrs. B. 31-40
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and in many cases adequate substitute for bank loans‚ and money market funds‚ cash management trusts and other non-bank financial institutions in many cases provide an adequate substitute to banks for lending savings too. 1.2 Products offered by Islamic Banking Corporations.
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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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CTU351 INDIVIDUAL ASSIGNMENT RHB Islamic Banking NAME : ATIQAH BT NORDIN SECTION : 12.6.21 COURSE : BM112 LECTURER’S NAME : USTAZAH ZURAIDAH ACKNOWLEDGEMENT I admit that this is the result of my own work or effort Date : 3 JULY 2013 ( _____________________) ATIQAH BT NORDIN
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Risk Management – Differences Between Islamic and Conventional Banking In evolving the Islamic financial system‚ important considerations include the development of a system that is able to meet the changing requirements of the consumer and business community‚ that is efficient and competitive‚ that is safe and sound and that is robust and resilient and able to withstand a more challenging and uncertain world environment. These considerations are vital to ensure the sustainability of the system
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Business practices in an Islamic country are likely to differ a lot from business practices in Canada. The impact of God is tremendous in Islamic countries‚ so that Muslim is regulated by a variety of religious principles and moral conducts in their social and economic activities. In this sense‚ Canadian people may not get used to the ritual nature of everyday life in Islamic countries. For example‚ orthodox Muslim ritual requires prayer five times a day. As a result‚ business people should be
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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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