Islamic Banking

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Islamic Banking

  1. 1. STATEMENT OF HOLY QURAN: Translation: And if the debtor is in a hard time (has no money), then grant him time till it is easy for him to repay, but if you remit it by way of charity, that is better for you if you did but know.(2:280) : Urdu اور اگر قرض لینے والا تنگ دست ہو تو ( اسے ) کشائش ( کے حاصل ہونے ) تک مہلت ( دو ) اور اگر ( زر قرض ) بخش ہی دو توتمہارے لئے زیادہ اچھا ہے بشرطیکہ سمجھو (2:280).
  2. 2. ISLAMIC BANKING
  3. 3. CURRENT ISLAMIC FINANCE IS ONLY THE SOLUTION OF RECESSION <ul><li>Islamic finance accomplishment customer wants rather then to an offer a loan. </li></ul><ul><li>Murabaha Bai Muajjal </li></ul><ul><li>Ijarah </li></ul><ul><li>Mudarabah </li></ul>Resources Spending
  4. 4. LACK OF ISLAMIC BANKING SYSTEM <ul><li>All policies based on cash flow considering . </li></ul><ul><li>( fixed Time=fixed amount of Money ) </li></ul><ul><li>Penalty charge for late payment . </li></ul><ul><li>(against Para 2:280 Quran SurahAl-Baqarah ) </li></ul><ul><li>Fabricate charities with penalties amounts. </li></ul><ul><li>Bond insurance policies. </li></ul>
  5. 6. CURRENT TAKAFUL AS NOT PAR ISLIMIC STANDARD : <ul><li>Traditional takaful not allowed takaful administrator to invest takaful amount. </li></ul><ul><li>Traditional takaful based on business purpose only. </li></ul><ul><li>Traditional takaful based on that if in case losses is less than pooling amount remaining amount return to the contributors. </li></ul>
  6. 7. SUGGESTIONS: <ul><li>Cash flow system converted into profit oriented system. </li></ul><ul><li>Return penalty amount for client either contract completed or not. </li></ul><ul><li>Removed Insurance restriction. </li></ul>
  7. 8. PREPARED BY: MUHAMMAD JUNAID SHERA

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