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Sudanees islamic banking experience by al siddig
 

Sudanees islamic banking experience by al siddig

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    Sudanees islamic banking experience by al siddig Sudanees islamic banking experience by al siddig Presentation Transcript

    •  
    • بسم الله الرحمن الرحيم
    • The international Conference on prospective of Islamic Banking and Finance in Afghanistan
      • The Sudanese Islamic Banking and Finance Experience
      • Prof. Al/Siddig Talha Mohamed Rahama The National Ribat University Sudan - Khartoum
      • Sudan is an African and Arab Country has roots in Islamic Ideology
      • Sudan is Pioneering in establishing Islamic Banks and Financial Institutions
      • Sudan is a biggest African and Arabian Country.
      • It ’ s Area about one million sq. miles
      • It ’ s pop Is about 40 million
      • Sudan is a large fertile agriculture land.
      • Sudan has huge economic potential.
      • The Sudan Cross different historical political development Islamic movement etc.
        • Turkish
        • Islamic
      • The coming of Arab
      • The Funj Islamic Sultanate
      • Turco – Egyptian Regime
      • The mahadist State
      • Anglo – Egyptian Condominium 1899-1955.
      • The Republic of Sudan 1956
      • Army coup and military 1958-1964
      • In 1977 Faisal Islamic Bank started by the a peal of Sudi Prince/ Mohamed Al Faisal Al Saud.
      • The new Islamic Bank Face by a rush to Subscribe to the issued shares – the Capital increase two times.
      • The bank expand its service horizontal and vertical.
      • The bank compete other traditional Banks.
      • FIB establish subsidiary compromise:
        • Islamic Insurance Co. 1st . Is compant in the world.
        • Islamic Tr. & Ser Co.
        • Real State company.
        • Exchange company.
      • The successful of F.I.B let 6 new Islamic banks Staui.
        • Tadamon Islamic Bank.
        • The West Islamic Bank.
        • Al Braka Bank.
        • The North Islamic Bank.
        • Comparative development Islamic Bank.
      • F.I.B establish Shariah Supervisory Board (S.S.B) to check all operation according to Islamic shariah, issue a lot of Fatwa training of the staff & add stander contact of the mode of investment.
      • The success of these Islamic Bank let the government to order to adopt Islamic bank widows.
      • The Sudanese Islamic Bank drawn a very large number & share – holders from Arab & Moslem world for the specialized bank:
        • Agriculture.
        • Industry.
        • Real State
      • Then weave many delegates from different Islamic country visit Sudan & study the experiment.
      • On Sep. 1983 the Sudan government issue judicial rules Act
        • New Code of Civil Procedures.
        • New Code Traditional 1983.
      • New circular from Bank of Sudan to directed all Sudanese Banks to Islamic mode.
      • Immediately shift to use Islamic mode of finance.
      • On 1989, full conversion of the banking system in the whole of the country to Islamic system.
      • Establishment of the High Shariah Board for the banking system and financial institutions belong the C.B.
      • Revision of all laws pertaining to banking through Islamic model.
      • Revision Bank of Sudan Act -1959.
      • The sale of mortgaged property Act 1990.
      • The Banking Business Regulation Act 1991.
      • Establish new institutions to support the Islamic Banking system
        • Khartoum Exchange 1995.
        • Bank Deposit Security Fund 1986.
        • Sudan Financial Company 1998.
      • A new comprehensive banking policy (1999 -2002).
      • Main Islamic Mode:
        • Morabah.
        • Partnership (Musharaka).
        • Mudarabah.
        • Salam sale for agricultural production
        • Istisna.
        • Lease finance.
      • Banking services:
        • Current account service account only no interested role.
        • Saving account.
        • Investment account Morabah model.
        • Modaraba level:
        • Client  the Bank.
        • Labour  Capital
      • Consortium of the commercial banks:
        • To finance agriculture corporation according Islamic model.
      • New Instrument for monetary policy:
        • 1. Central Bank Musharaka Certificate (CMC).
        • 2. Government Musharaka Certificate (GMC).
        • 3. Government Investment Certificate (SARAH).
        • No Treasuring Bills
        • No Central Bank Bonds.
      • Takaful – Islamic Insurance:
      • The 1 st Islamic insurance compontion the World Started in Sudan – 1979.
      • Islamic Insurance = Co operative Insurance
      • Ministry of Finance (2004) established a new department for sukuk organization, the sukuk include:
        • Salam sukuk.
        • Leasing sukuk.
        • Janah sukuk
    • Thank You CENTER OF ISLAMIC BANKING & ECNOMICS Head Office:   192- Ahmad Block, New Garden Town , Lahore, Pakistan  Ph: +92-42-35913096-8, 35858990, 38407850  Fax: +92 -42-35913056 E-mail :  [email_address] Web: http://www.alhudacibe.com