Islamic Microfinance - A Case study to Australia

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Top 20 FREQUENT WORDS

islamic 25 takaful 20 pakistan 10 institutions 9 based 8 finance 8 sukuk 8 banks 7 baraka 7 international 7 modes 7 companies 6 financial 6 countries 5 insurance 5 investment 5 meezan 5 overview 5 <U+F06E>al 4 conventional 4 malaysia 4 mcb 4 products 4 riba 4


DOCUMENT KEY POINTS

  • outline of presentation i R introduction and brief perspective of islamic finance i R product tree for islamic microfinance institutions i R microtakaful i R microtakaful products for islamic microfinance institutions
  • presented by zubair mughal zubair
  • industry progress in pakistan year a cmeezan bank a cmeezan bank a cal baraka a cmeezan bank a cal baraka a cmeezan bank a cal baraka a cmeezan bank a cmcb a cal baraka a cmcb a cal baraka a cmcb a calfalah a cmcb a calfalah a cscb a calfalah a cbank alhabib a cscb a chmb a cbank alhabib a cbank of khyber a chabib ag zur
  • a csoneri bank a cmetropolitan i R currently there are full a cbank of khyber a chbl a cbank islami fledged islamic banks while a csoneri bank a cdib a cegibl i R full fledge banks having a c dawood and conventional banks a cnbp a cabn amro have saibbs a caskari a cubl i R total ib branches
  • islamic products and services offered by financial institutions around the world i R germany i R uae bank sepah i Rdubai islamic bank
  • i R countries have islamic banking institutions i R muslim countries including bahrain uae saudi arabia malaysia brunei and pakistan i R non muslim countries including usa uk canada switzerland south africa and australia
  • international overview i R the size of islamic financial industry has reached us bln
  • international overview i R in feb dow jones introduced the dow jones islamic market index djim of companies world wide whose business complies with islamic shariah laws i R at present there are more than islamic funds operational through out the world with a total fund base of over usd
  • billion
  • international overview i R governments of bahrain malaysia and now pakistan have issued islamic bonds sukuk in order to facilitate islamic banks in managing their liquidity
  • i R issuance of these bonds has also paved the way for shariah compliant government borrowings
  • international overview i R institutions like accounting and auditing organization for islamic financial institutions aaoifi and islamic finance services board ifsb have been formed
  • i R due to these collective efforts islamic banking is now recognized by imf world bank and basel committee
  • takaful companies in pakistan there are four takaful companies now operating in pakistan
  • pak kuwait takaful company limited
  • i R motorway sukuk i R wapda th nd sukuk i R pakistan shipyard sukuk i R pakistan industrial park sukuk i R pia sukuk i R sui soturen i R passco i R liberty energy i R sitara chemicals i R pel i R amtex textile i R hbfc sukuk i R arzo textile i R dawood hercules etc
  • sukuk development in pakistan
  • it provides mutual protection and joint risk sharing in the event of a loss by one of its member
  • introduction takaful is the sharia compliant brand name for the islamic alternative to conventional insurance
  • from the holly quran i R the need for insurance is shown in the following verse of the quran
  • those of you who die and leave widows should bequeath for their widows a year s maintenance and residence
  • he asked the bedouin why don t you tie down your camel the bedouin answered i put my trust in allah swt
  • from the hadiths i R by anas bin malik one day prophet muhammad pbuh notced a bedouin leaving his camel without tying it
  • riba in insurance i R direct riba excess on one side in case of exchange between the amount of premium
  • i R indirect riba the interest earned on interest based investments
  • holder mudarib s share of ptf s management wakalah investment income profit loss expense of fee the company takaful operator investment by the company waqf operational claims cost of takaful investment reserves surplus retakaful income balance p a r t i c i p a n t s t a k a f u l f u n d p
  • operating model in pakistan share share h o l d e r s f u n d s
  • i R this was instrumental in the successful launching of the takaful movement in malaysia and in other countries of south east asia
  • takaful pioneers i R later in malaysia played a pioneering role in setting the first legal framework specific to takaful takaful act
  • takaful operators i R the number of takaful operators worldwide is now estimated at i R takaful companies i R retakaful companies i R in countries
  • i R nona muslims increasingly opting for takaful products for commercial benefits


Please note, This is an auto generated summary based on sentances position in the document and other factors

DOCUMENT WORD ANALYSIS

Main Category

AlHuda Material\islamic micro


KeyWords

islam finance bankable contract client profit purchase financial asset microfin risk sale transact price murabahah busi sharia goodasset payment invest


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DOCUMENT REFERENCES

Number of Pages

31


Published Date

2016-09-17 00:47:58


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