LAW 240 ISLAMIC BANKING PRODUCT 05/29/13 ISLAMIC BANKING PRODUCT 1 05/29/13 ISLAMIC BANKING PRODUCT 2 05/29/13 ISLAMIC BANKING PRODUCT 3 AL-WADIAH (CURRENT A/C) • Based on the Islamic principle of Al-Wadi’ah Yad-Dhamanah (Guaranteed Safe Custody) • Can withdraw all or part of money whenever want. • Free from Riba (Usury) and is the clear and pure way to bank. • Can be opened by an individual aged 18 years and above with the capacity to contract‚ or a company‚ organisation
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RESEARCH PROPOSAL 1. Scope of Research Forensic Accounting and Financial Criminology 2. Proposed Research The Needs of Good Forensic Accounting Skills in Public Sector Working Environment 3. Research Background Forensic accounting may not be a new field in accounting. However it becomes so important recently and has been an interest to various stakeholders‚ from the government‚ investors‚ and practitioners to regulatory bodies. In public sector‚ the increment
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A TOPIC AND THE RESEARCH PROPOSAL Objectives On reading this chapter you should: • • • • • • • • understand the importance of choosing a research topic that lends itself to a ’do-able’ project; be able to evaluate potential topics; be able to formulate a valid research question (and hypothesis); understand the importance of creativity‚ and its relationship to innovation in formulating your research question; understand the integral role played by the research question; understand
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Islamic Banking in Pakistan 1 ISLAMIC BANKING IN PAKISTAN Islamic Banking in Pakistan: A Review of Conventional and Islamic Banking Prof. Dr. Khawaja Amjad Saeed Hailey College of Banking and Finance University of the Punjab‚ Lahore Proceedings of 2nd International Conference on Business Management (ISBN: 978-969-9368-06-6) Islamic Banking in Pakistan 2 Terminology IBIs ND NIB NPFs P PP PTC ROA ROE SBP SME TFC Islamic Banking Institutions. No Date Non – Interest Based Banking
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DEVELOPMENT AND PERFORMANCE OF ISLAMIC BANKING IN PROSPECT OF BANGLADESH [2006 – 2008] ID: 1372 REPORT On DEVELOPMENT AND PERFORMANCE OF ISLAMIC BANKING PREPARED FOR: MR. ARAFAT RAHMAN Course instructor Institute of Business Administration Jahangirnagar University PREPARED BY: Md. Muntasir Billah ID: 1372 19th batch Institute of Business Administration Jahangirnagar University Letter of transmittal April 22‚ 2008 Mr. Arafat Rahman Assistant Professor Institute of
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Vivek S. Kanojiya (78) 1 INTRODUCTION TO ISLAMIC BANKING Islamic Banking refers to a system of banking or banking activity that is consistent with the principles of Islamic law (Shariah) .Shariah prohibits Riba. . i.e. interest free business. It is based on the Islamic economic system. It is not restricted to Muslims only. 2 EVOLUTION OF ISLAMIC BANKING Islamic banks are seen to involve themselves as financial intermediaries and investment oriented institutions in bringing
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Definition of neighbor from the Islamic perspective Neighbor is translated as “al Jar” in Arabic terminology. It is derived from the word “jawara” which is a verb. Literally‚ “al-jar” has been defined as “al-musakanah” which means living‚ residing‚ lodging‚ dwelling or inhabiting side by side. Indirectly‚ it also refers to believers and unbelievers‚ religious and irreligious‚ friends and enemies‚ foreigners and fellow countrymen‚ those who treat you well and those who would do you harm relatives
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INTRODUCTION TO ISLAMIC BANKING The term Islamic banking refers to a banking activity or a system of banking that is in consonance with the basic principles of Islamic Shariah (rules and values set by Islam). Islamic banking is also known as interest free banking system as the Shariah disallows the acceptance of “Riba” or interest rate for the accepting and lending of money. In Islamic banking system‚ a business that offers good interest rates or services is strictly prohibited and it
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Introduction Islamic banking is banking based on Islamic law (Shariah). It follows the Shariah‚ called fiqh muamalat (Islamic rules on transactions). The rules and practices of fiqh muamalat came from the Quran and the Sunnah‚ and other secondary sources of Islamic law such as opinions collectively agreed among Shariah scholars (ijma’)‚ analogy (qiyas) and personal reasoning (ijtihad). The credibility of the Islamic banking activities is highly dependent on the credibility of the Shariah advisers
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[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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