A presentation I delivered at the World Islamic Banking Conference on the 8th of December discussing the growth opportunities in Islamic Retail Banking.
This document provides information about a two-day training workshop on Islamic microfinance and agriculture finance that will take place from July 27-28, 2018 in Nairobi, Kenya. It will be hosted by AlHuda CIBE, an organization dedicated to promoting Islamic banking and finance. The training will cover various Islamic microfinance products and mechanisms, innovations in the field, and ways to strengthen institutions that provide poverty alleviation. It is aimed at professionals working in Islamic banking, microfinance organizations, and universities. The document provides contact information, pricing details, and an invitation for interested individuals to register.
The document provides an introduction to Islamic microfinance. It discusses the differences between conventional and Islamic microfinance, highlighting that Islamic microfinance prohibits interest and is based on risk sharing. It also outlines some of the popular financing modes used in Islamic microfinance like murabaha, ijara, and musharaka. The document further discusses the demand for Islamic microfinance worldwide and provides examples of institutions implementing Islamic microfinance in various countries.
Whatisislamicmicrofinancebyqaziabdulsamad 110707045120-phpapp02Faezah Ibrahim
The document summarizes key concepts in Islamic microfinance. It discusses an international conference on Islamic microfinance and provides definitions and explanations of Islamic microfinance, its goals of providing halal financial services according to Shariah law. It also outlines important Islamic teachings related to business, including the prohibitions of interest, uncertainty, gambling, and guidelines for honesty, charity, and economic empowerment. The sources of fund collection for Islamic microfinance institutions and contracts commonly used, such as Musharakah and Mudarabah, are also summarized.
The document discusses several topics related to banking in Bahrain:
1) Banks in Bahrain are cancelling debit and credit cards without chip technology by June 30 per a Central Bank of Bahrain directive, to increase security and prevent fraud. Citibank Bahrain confirms it will meet this deadline.
2) A two-day conference organized by AAOIFI discussed issues related to Islamic finance such as central bank supervision of Islamic banks and the development of financial derivatives. It aimed to harmonize global Islamic finance practices.
3) Bahrain's upcoming $500 million sovereign sukuk issue could boost activity in the Gulf sukuk market according to a law firm study. Recovering oil prices and Dubai
This document presents information on peer-to-peer (P2P) lending. It defines P2P lending as enabling individuals to act as lenders, like banks, by lending small amounts to multiple borrowers to reduce risk. The document outlines Reserve Bank of India regulations for P2P companies, including requirements for borrower assessments, documentation, escrow accounts, and more. It also provides examples of borrower profiles reviewed on P2P platforms and average returns earned from lending at different risk levels. Finally, it notes that the presenter's company partners with two specific P2P platforms in India.
Presents an alternative solution to the dilemma of Islamic Credit Cards, which, some argue, that by encouraging unnecessary consumption, are inherently against the ethos of Islamic principles. This solution balances the need for temporary cash recourse with the need to preserve/promote the objectives of Islamic law in a suitable commercial package.
This document provides an overview and documentation of a website designed for an organization that sells used cars online. It includes analysis and design documentation, descriptions of the individual web pages, screenshots of the user interface, data dictionaries, and process descriptions. The website allows users to search for vehicles, purchase vehicles online, and view order histories. It also includes an administrative interface for staff to manage vehicle listings, customers, and orders.
Presentation provided at the AAOIFI World Bank Conference Dec 2, 2010 discussing the application of Wa\'d in the context of FX markets and where I perceive the most important need for it, for the benefit of legitimate trading activities by corporates and investors.
This document provides information about a two-day training workshop on Islamic microfinance and agriculture finance that will take place from July 27-28, 2018 in Nairobi, Kenya. It will be hosted by AlHuda CIBE, an organization dedicated to promoting Islamic banking and finance. The training will cover various Islamic microfinance products and mechanisms, innovations in the field, and ways to strengthen institutions that provide poverty alleviation. It is aimed at professionals working in Islamic banking, microfinance organizations, and universities. The document provides contact information, pricing details, and an invitation for interested individuals to register.
The document provides an introduction to Islamic microfinance. It discusses the differences between conventional and Islamic microfinance, highlighting that Islamic microfinance prohibits interest and is based on risk sharing. It also outlines some of the popular financing modes used in Islamic microfinance like murabaha, ijara, and musharaka. The document further discusses the demand for Islamic microfinance worldwide and provides examples of institutions implementing Islamic microfinance in various countries.
Whatisislamicmicrofinancebyqaziabdulsamad 110707045120-phpapp02Faezah Ibrahim
The document summarizes key concepts in Islamic microfinance. It discusses an international conference on Islamic microfinance and provides definitions and explanations of Islamic microfinance, its goals of providing halal financial services according to Shariah law. It also outlines important Islamic teachings related to business, including the prohibitions of interest, uncertainty, gambling, and guidelines for honesty, charity, and economic empowerment. The sources of fund collection for Islamic microfinance institutions and contracts commonly used, such as Musharakah and Mudarabah, are also summarized.
The document discusses several topics related to banking in Bahrain:
1) Banks in Bahrain are cancelling debit and credit cards without chip technology by June 30 per a Central Bank of Bahrain directive, to increase security and prevent fraud. Citibank Bahrain confirms it will meet this deadline.
2) A two-day conference organized by AAOIFI discussed issues related to Islamic finance such as central bank supervision of Islamic banks and the development of financial derivatives. It aimed to harmonize global Islamic finance practices.
3) Bahrain's upcoming $500 million sovereign sukuk issue could boost activity in the Gulf sukuk market according to a law firm study. Recovering oil prices and Dubai
This document presents information on peer-to-peer (P2P) lending. It defines P2P lending as enabling individuals to act as lenders, like banks, by lending small amounts to multiple borrowers to reduce risk. The document outlines Reserve Bank of India regulations for P2P companies, including requirements for borrower assessments, documentation, escrow accounts, and more. It also provides examples of borrower profiles reviewed on P2P platforms and average returns earned from lending at different risk levels. Finally, it notes that the presenter's company partners with two specific P2P platforms in India.
Presents an alternative solution to the dilemma of Islamic Credit Cards, which, some argue, that by encouraging unnecessary consumption, are inherently against the ethos of Islamic principles. This solution balances the need for temporary cash recourse with the need to preserve/promote the objectives of Islamic law in a suitable commercial package.
This document provides an overview and documentation of a website designed for an organization that sells used cars online. It includes analysis and design documentation, descriptions of the individual web pages, screenshots of the user interface, data dictionaries, and process descriptions. The website allows users to search for vehicles, purchase vehicles online, and view order histories. It also includes an administrative interface for staff to manage vehicle listings, customers, and orders.
Presentation provided at the AAOIFI World Bank Conference Dec 2, 2010 discussing the application of Wa\'d in the context of FX markets and where I perceive the most important need for it, for the benefit of legitimate trading activities by corporates and investors.
Is Islamic Finance really the value proposition it claims to be? Assessment a...saydfarook
This presentation provides a stocktake of where the Islamic Finance industry is currently positioned and what are the long term prospects for the industry. It also provides a short-medium term broad overview of what can be expected from Islamic Finance.
AlHuda Center of Islamic Banking and Economics is organizing a two-day specialized training workshop on Islamic banking and finance in Mauritius on August 02-03, 2017 to provide education on topics like Islamic economics, Islamic banking products and contracts, risk management, and more, with speakers including Muhammad Zubair Mughal and Qazi Abdul Samad.
Turkey Islamic Finance Report 2014: Fundamentals and the Promise of GrowthIslamic_Finance
Thomson Reuters, Islamic Research and Training Institute (IRTI), General Council for Islamic Banks and Financial Institutions (CIBAFI), bring you the Turkey Islamic Finance Report, which provides substantive due diligence on the opportunities for Islamic financial services in the republic.
The report is available for free download on https://www.zawya.com/middle-east/landinglead/turkey/
The document discusses Islamic banking and finance principles and the state of the Islamic banking industry in Pakistan and globally. It provides an overview of Islamic banking products and principles, how they differ from conventional banking, and the progress and market share of Islamic banking in Pakistan and major countries. It also outlines the roles and activities of AlHuda Centre of Islamic Banking and Economics in promoting Islamic banking through education, research, and advisory services.
The document discusses Islamic banking and finance principles and the progress of the Islamic banking industry in Pakistan. It provides an overview of Islamic banking products and compares Islamic and conventional banking. The summary highlights that Islamic banking prohibits interest and is based on asset-backed financing, risk-sharing, and Shariah compliance. It also notes that the Islamic banking industry has grown significantly in Pakistan and globally in recent years.
The document discusses the growth of the global Islamic banking industry. It notes that Islamic banking has grown from one institution in 1963 to over 626 institutions today across more than 75 countries. Assets in Islamic financial institutions have grown to over $840 billion. The document also discusses the importance of IT systems that are compliant with Islamic principles such as risk sharing and being interest-free. It argues that as the industry continues to grow and globalize, IT solutions will need to be flexible to local regulations while still producing standardized financial reports and ensuring Sharia compliance.
The document provides an introduction to Islamic microfinance. It discusses the differences between Islamic and conventional microfinance, highlighting that Islamic microfinance is based on risk-sharing partnerships rather than interest-bearing loans. Various Islamic microfinance products are described, including modes based on trade, partnership, and rental. The progress and growth of Islamic banking internationally and in Pakistan is also summarized.
The document provides an introduction to Islamic microfinance. It discusses the differences between Islamic and conventional microfinance, highlighting that Islamic microfinance is based on risk-sharing partnerships rather than interest-based lending. Various Islamic microfinance product structures are described, including modes based on trade, partnership and rental. The progress and growth of Islamic banking globally and in Pakistan is also summarized.
This document discusses Islamic microfinance principles and products. It provides an overview of the basic principles of Islamic banking such as a prohibition on interest and risk sharing. It then discusses the current state of the global Islamic finance industry, noting there are over 2000 institutions in 81 countries managing over $2.3 trillion in assets. The document also summarizes key innovations and challenges within the Islamic microfinance sectors of several countries, such as Pakistan, Afghanistan, Indonesia and Yemen.
This document provides an overview of Islamic investment banking. It discusses how the global financial crisis has highlighted strengths of the Islamic banking model such as its more conservative approach and emphasis on asset-backed transactions. However, it also notes that many Islamic banks in the GCC region have a narrow focus on real estate, lacking the diversified product and service offering of conventional investment banks. The foreword argues that Islamic banks should use this opportunity to strengthen the Islamic investment banking model and build a more resilient industry through long-term strategies including diversification and partnerships with conventional banks.
The document summarizes Islamic finance, its relevance and growth. It discusses how Islamic finance prohibits interest and certain investments based on religious principles. It has grown significantly in recent decades to become a mainstream part of the global financial system, with an estimated market size of $750 billion. The future of Islamic finance looks promising as the industry develops new products and reaches new markets and populations around the world.
AlHuda CIBE going to organize Innovative Product Development of Islamic Banking & Fiance training workshop in Dubai
E: support@alhudacibe.com
http://www.alhudacibe.com/conference2018/IPDIBF2018/
The document provides an overview of the Islamic finance industry. It discusses the history and origins of Islamic finance, the key players and geographic clusters, major products and deals, and current trends. The global Islamic finance market is growing rapidly at 10-15% annually and has reached $265 billion in assets, though there remains a need for standardization and professional training to further develop the industry.
The document provides information about an upcoming conference on Islamic banking and finance in the Commonwealth of Independent States (CIS) countries. The conference will explore the untapped potential of Islamic banking in the CIS region, and provide insights into global trends and innovations in Islamic banking, takaful, sukuk, and financial inclusion. It will take place on May 2-4, 2019 in Tashkent, Uzbekistan and include sessions on regulatory frameworks, investment opportunities, and a post-event workshop on Islamic banking, takaful and microfinance.
AlHuda CIBE in association with AL BARAKAH Multi-purpose Cooperative Society Limited & Cararia Solutions LTD is going to organize a ‘‘Two Days Specialized Training Workshop on Islamic Banking and Finance’’ on 19 – 20 April, 2017 at Mauritius. For further information please visit: http://www.alhudacibe.com/roadshow2017/mauritius.php and email: info@alhudacibe.comShow less
AlHuda Centre of Islamic Banking & Economics is going to organize “Two Days Specialized Training Workshop on Islamic Microfinance” planned to be held on 20th – 21st January, 2014 at Amman - Jordan.
http://www.alhudacibe.com/jordan2014/
The document provides an overview of Islamic banking, including its principles, key differences from conventional banking, common products and financing modes, and the progress and global landscape of the Islamic banking industry. It discusses how Islamic banking is based on Shariah principles of prohibiting riba (interest) and encouraging profit and loss sharing. It also summarizes some major Islamic banking products and the industry's growth in Pakistan and other countries around the world.
The document provides an overview of Islamic banking, including its foundations in Islamic principles, key differences from conventional banking, common Islamic banking products and financing modes, and the progress and current state of the Islamic banking industry both in Pakistan and globally. It discusses Islamic prohibitions on riba (interest), and how Islamic banks engage in trade-based, partnership-based and rental-based modes to fulfill financial needs in accordance with Shariah law.
Is Islamic Finance really the value proposition it claims to be? Assessment a...saydfarook
This presentation provides a stocktake of where the Islamic Finance industry is currently positioned and what are the long term prospects for the industry. It also provides a short-medium term broad overview of what can be expected from Islamic Finance.
AlHuda Center of Islamic Banking and Economics is organizing a two-day specialized training workshop on Islamic banking and finance in Mauritius on August 02-03, 2017 to provide education on topics like Islamic economics, Islamic banking products and contracts, risk management, and more, with speakers including Muhammad Zubair Mughal and Qazi Abdul Samad.
Turkey Islamic Finance Report 2014: Fundamentals and the Promise of GrowthIslamic_Finance
Thomson Reuters, Islamic Research and Training Institute (IRTI), General Council for Islamic Banks and Financial Institutions (CIBAFI), bring you the Turkey Islamic Finance Report, which provides substantive due diligence on the opportunities for Islamic financial services in the republic.
The report is available for free download on https://www.zawya.com/middle-east/landinglead/turkey/
The document discusses Islamic banking and finance principles and the state of the Islamic banking industry in Pakistan and globally. It provides an overview of Islamic banking products and principles, how they differ from conventional banking, and the progress and market share of Islamic banking in Pakistan and major countries. It also outlines the roles and activities of AlHuda Centre of Islamic Banking and Economics in promoting Islamic banking through education, research, and advisory services.
The document discusses Islamic banking and finance principles and the progress of the Islamic banking industry in Pakistan. It provides an overview of Islamic banking products and compares Islamic and conventional banking. The summary highlights that Islamic banking prohibits interest and is based on asset-backed financing, risk-sharing, and Shariah compliance. It also notes that the Islamic banking industry has grown significantly in Pakistan and globally in recent years.
The document discusses the growth of the global Islamic banking industry. It notes that Islamic banking has grown from one institution in 1963 to over 626 institutions today across more than 75 countries. Assets in Islamic financial institutions have grown to over $840 billion. The document also discusses the importance of IT systems that are compliant with Islamic principles such as risk sharing and being interest-free. It argues that as the industry continues to grow and globalize, IT solutions will need to be flexible to local regulations while still producing standardized financial reports and ensuring Sharia compliance.
The document provides an introduction to Islamic microfinance. It discusses the differences between Islamic and conventional microfinance, highlighting that Islamic microfinance is based on risk-sharing partnerships rather than interest-bearing loans. Various Islamic microfinance products are described, including modes based on trade, partnership, and rental. The progress and growth of Islamic banking internationally and in Pakistan is also summarized.
The document provides an introduction to Islamic microfinance. It discusses the differences between Islamic and conventional microfinance, highlighting that Islamic microfinance is based on risk-sharing partnerships rather than interest-based lending. Various Islamic microfinance product structures are described, including modes based on trade, partnership and rental. The progress and growth of Islamic banking globally and in Pakistan is also summarized.
This document discusses Islamic microfinance principles and products. It provides an overview of the basic principles of Islamic banking such as a prohibition on interest and risk sharing. It then discusses the current state of the global Islamic finance industry, noting there are over 2000 institutions in 81 countries managing over $2.3 trillion in assets. The document also summarizes key innovations and challenges within the Islamic microfinance sectors of several countries, such as Pakistan, Afghanistan, Indonesia and Yemen.
This document provides an overview of Islamic investment banking. It discusses how the global financial crisis has highlighted strengths of the Islamic banking model such as its more conservative approach and emphasis on asset-backed transactions. However, it also notes that many Islamic banks in the GCC region have a narrow focus on real estate, lacking the diversified product and service offering of conventional investment banks. The foreword argues that Islamic banks should use this opportunity to strengthen the Islamic investment banking model and build a more resilient industry through long-term strategies including diversification and partnerships with conventional banks.
The document summarizes Islamic finance, its relevance and growth. It discusses how Islamic finance prohibits interest and certain investments based on religious principles. It has grown significantly in recent decades to become a mainstream part of the global financial system, with an estimated market size of $750 billion. The future of Islamic finance looks promising as the industry develops new products and reaches new markets and populations around the world.
AlHuda CIBE going to organize Innovative Product Development of Islamic Banking & Fiance training workshop in Dubai
E: support@alhudacibe.com
http://www.alhudacibe.com/conference2018/IPDIBF2018/
The document provides an overview of the Islamic finance industry. It discusses the history and origins of Islamic finance, the key players and geographic clusters, major products and deals, and current trends. The global Islamic finance market is growing rapidly at 10-15% annually and has reached $265 billion in assets, though there remains a need for standardization and professional training to further develop the industry.
The document provides information about an upcoming conference on Islamic banking and finance in the Commonwealth of Independent States (CIS) countries. The conference will explore the untapped potential of Islamic banking in the CIS region, and provide insights into global trends and innovations in Islamic banking, takaful, sukuk, and financial inclusion. It will take place on May 2-4, 2019 in Tashkent, Uzbekistan and include sessions on regulatory frameworks, investment opportunities, and a post-event workshop on Islamic banking, takaful and microfinance.
AlHuda CIBE in association with AL BARAKAH Multi-purpose Cooperative Society Limited & Cararia Solutions LTD is going to organize a ‘‘Two Days Specialized Training Workshop on Islamic Banking and Finance’’ on 19 – 20 April, 2017 at Mauritius. For further information please visit: http://www.alhudacibe.com/roadshow2017/mauritius.php and email: info@alhudacibe.comShow less
AlHuda Centre of Islamic Banking & Economics is going to organize “Two Days Specialized Training Workshop on Islamic Microfinance” planned to be held on 20th – 21st January, 2014 at Amman - Jordan.
http://www.alhudacibe.com/jordan2014/
The document provides an overview of Islamic banking, including its principles, key differences from conventional banking, common products and financing modes, and the progress and global landscape of the Islamic banking industry. It discusses how Islamic banking is based on Shariah principles of prohibiting riba (interest) and encouraging profit and loss sharing. It also summarizes some major Islamic banking products and the industry's growth in Pakistan and other countries around the world.
The document provides an overview of Islamic banking, including its foundations in Islamic principles, key differences from conventional banking, common Islamic banking products and financing modes, and the progress and current state of the Islamic banking industry both in Pakistan and globally. It discusses Islamic prohibitions on riba (interest), and how Islamic banks engage in trade-based, partnership-based and rental-based modes to fulfill financial needs in accordance with Shariah law.
Similar to Dar Al Istithmar Wibc Presentation (20)
1. Capitalising on cross-border opportunities while innovating in local marketsDr. Sayd Farook Senior Consultant | Structuring and Legal Best Islamic Assurance and Advisory Services - 2006 Best Islamic Advisory House – 2007
3. Cross Border Opportunities Core retail Islamic banking potential remains untapped Muslim Population Distribution by Country Source: Pew Research Center’s Forum on Religion and Public Life: Mapping the Global Muslim Population, October 2009
4. Clear Demand for Shari’a Compliant Products Islamic Banking Average Asset Growth 2001-2007 Source: Bankscope and DI analysis
5. 21% of global remittances flow from GCC to South Asia 52% Cash inflows 63% cash inflows Muslim Population Distribution by Country Source: Pew Research Center’s Forum on Religion and Public Life: Mapping the Global Muslim Population, October 2009
6. Clear Supply Deficiencies While demand grows, penetration still remains low relative to market potential Islamic Banking Assets Penetration (2008) Source: Bankscope and DI Analysis
11. Customer service More often than not, service performance is focused on front line staff getting RID of the problem (i.e. customer) and not on SOLVING problems for customers PRO-ACTIVE EMPATHETIC APPROACHhas to be ingrained into front-line staff Organisational culture has to emphasise EMPATHYrather than SERVICE.
12. Shari’a based innovation The solution intends to perfectly service the customer for his specific needs, but through a manner that also is in line with the Maqasid al-Shari’a.
13. Conclusion ISLAMIC FINANCE HAS FAILED THE MAN ON THE STREET Combination of Geographical and Service Quality Expansion Winners will be those who can offer a combination of: Accessible and secure END TO END technology Empathy NOT service SHARI’A BASED innovation
14. "I am very pleased by the thoroughness and professionalism of Dar Al Istithmar's management team. I am sure that with their innovative and responsive approach, Dar Al Istithmar will go a long way in serving the Islamic Financial industry." Dr. Hussein Hamed Hassan, Chairman, Dar Al Istithmar Supervisory Board “We have found Dar Al Istithmar management team to be very approachable, responsive and committed”. Dimitris Melas, MSCI Barra. “We are very impressed by Dar Al Istithmar’s management team’s knowledge on Shari’a related matters, their efforts to understand the client needs and, their dedication and helpful attitude throughout. With their approach, Dar Al Istithmar made us feel that they are more like partners to us rather than merely a service provider.” Richard Ellis, Partner, Amiri Capital 12 Our ReputationYour Capital
17. Evolution of Islamic Finance 2001-2010 Structured Sukuk Mega Project Finance Large Commercial Banks 1991-2000 Hard Asset Private Equity Fund Management Market Exposure: 250m Conversions, Islamic Windows & Subsidiaries of Mega Banks, Establishment of significant Islamic Banks in Non-Muslim states Muslim populated states getting interested Syria, Libya, Soviet bloc 1975-1990 Commercial Banking Syndications Islamic Conglomorates Market exposure: 100m Concentrations of Islamic Banks growing in GCC, Malaysia, Pakistan and Bangladesh Market exposure: 20m One or Two Islamic Bank in each Muslim state Inefficient Command SOEs in Iran and Sudan Oil Price Hike 11 Sept 2001 Timeline 1975-2010
34. Retail Distribution Wealth Management OpportunitiesUHNW, HNW and Mass Affluents Reaching Critical Mass Source: Ernst & Young/Dar Al Istithmar Estimates