LAWS OF MALAYSIA Act 276 Islamic Banking Act 1983 Date of Royal Assent Date of publication in the Gazette 9-Mar-1983 10-Mar-1983 An Act to provide for the licensing and regulation of Islamic banking business. PU(B) 182/1983 [7th April 1983] ARRANGEMENT OF SECTIONS PART I PRELIMINARY 1. Short title‚ commencement and application. 2. Interpretation. PART II LICENSING OF ISLAMIC BANKS 3. Islamic banking business to be transacted only by a licensed Islamic bank. 4. Minister may vary or
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roTHE ROLE OF ISLAMIC BANKING IN ECONOMIC DEVELOPMENT IN EMERGING MARKETS BY HAJARA ADEOLA MD/CEO LOTUS CAPITAL LIMITED A PRESENTATION AT THE ISLAMIC FORUM BUSINESS LUNCHEON LA SCALA‚ LAGOS NOVEMBER 2007 1 OUTLINE • • • • • • • • • • • • • • Introduction Effects of the Interest Based system The Islamic Solution The Framework Shari’ah Objectives and Effects Islamic Tools for Prosperity Macroeconomic Efficiency Islamic Banks – An Alternative? Effects on the Economy Financial Institutions Global
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Difference between islamic banking and conventional/ commercial banking BUSHRA TABASSUM IQRA ARSHAD SIDRA MEHAK MEHAK KHAN EMAD KHAN ISLAMIC BANKING: Islamic banking refers to a system of banking activity that is consistent with Islamic law (sharia’h) principles and guided by Islamic economics SHARI’AH – INTRODUCTION • What do we mean when we say ISLAMIC? We certainly mean an • Act‚ action‚ activity or thing that is in conformity with islamic • Teachings; • And when we say shari’ah what do we
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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
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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
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Introduction 1 How Islamic banking system is different from conventional one? 1 Maintenance of CRR/SLR: 4 Project appraisal and evaluation: 4 Basis for collection of deposit 5 Moral Dimension 5 Emphasis on Productivity as compared to credit worthiness 5 Scope of the activities: 6 Guarantee for deposit: 6 Distributive justice and economic stability: 7 Allocate Efficiency: 7 Stability of banking system: 8 Growth of the banking system: 8 Emphasis
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and Jebel Ali Free Zone raised funds through sukuk but were forced to restructure once they found themselves unable to pay creditors. | * The market in Islamic bonds‚ or sukuk‚ is believed to total about $50 billion‚ roughly one per cent of global bond issuance * Dubai’s fast-growing Emirates airline said it was looking at the Islamic finance market to fund aircraft deliveries as European banks backed out of plane deals because of the euro zone debt crisis. * Some big Western banks‚ facing
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A DISSERTATION ON “ISLAMIC BANKING IN INDIA-WHAT IS THE FUTURE POTENTIAL?” Introduction: The basic principles on which the Islamic banks function are prohibition of Riba i.e. collection and payment of interest and prohibition of investment in organization involved in unethical and socially harmful activity. the profits earned by a bank from its activities and returns made by a bank to the depositors shall be (a) from sharing of risk in the project and (b) profit-share agreements
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Doctor: David Hampton March 27‚ 2008 Introduction to Islamic banking system Islam not only prohibits dealing in interest but also in liquor‚ pork‚ gambling‚ pornography and anything else‚ which the Shariah (Islamic Law) deems unlawful. Islamic banking is an instrument for the development of an Islamic economic order. Islamic banking‚ with 15 to 20% growth a year‚ has emerged as one of the vital pillars of the global economic system. Islamic financial institutions (IFI) are operating in over 75
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Title Consultation for the Bank of China bad customer services experience and less professional image in investment image. Project Requirements Bank of China is one of main bankers in banking industry. BOC has around 200 branchs in Hong Kong area. It provided allround banking servics such as account services‚ cash deposite‚ MPF‚ investment services‚ credit card‚ currency exchange and loan services etc...... Due to Bank of China established in Hong Kong 100 years‚ their major customer is in
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