This document provides an overview of Islamic banking products and services offered by Bank Islami Pakistan Limited. It discusses various Shariah compliant financing modes like Mudarabah, Musharakah, and Diminishing Musharakah used in Islamic home financing. The document also describes different Sukuk structures like Ijarah, Murabahah, Musharakah and their key features. Finally, it summarizes the key features and requirements for opening Islami Bachat and Islami Dollar Bachat accounts.
Mudarabah is a special kind of partnership where one partner providers the capital (rabb-ul-maal) to the other (mudarib) for investment in a commercial enterprise.
It is well known that interest-based banks accept deposits of different maturities, paying different rates of interest on different kinds of deposits. Islamic banks do not pay interest on deposits. How Islamic banks operate different kinds of deposits
the presentation will help you in understanding diffrent terms of islamic banking. also it will help you in finding the answers of your critics about islamic banking.
Mudarabah is a special kind of partnership where one partner providers the capital (rabb-ul-maal) to the other (mudarib) for investment in a commercial enterprise.
It is well known that interest-based banks accept deposits of different maturities, paying different rates of interest on different kinds of deposits. Islamic banks do not pay interest on deposits. How Islamic banks operate different kinds of deposits
the presentation will help you in understanding diffrent terms of islamic banking. also it will help you in finding the answers of your critics about islamic banking.
This slide program explains in the light of Quran and Hadith that Riba transactions are prohibited in Islam. It provides replies to the questions raised about prohibition of Riba.
This slide program explains in the light of Quran and Hadith that Riba transactions are prohibited in Islam. It provides replies to the questions raised about prohibition of Riba.
how to sell pi coins in South Korea profitably.DOT TECH
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Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
what is the best method to sell pi coins in 2024DOT TECH
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The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
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Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
How to get verified on Coinbase Account?_.docxBuy bitget
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t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
how can I sell pi coins after successfully completing KYCDOT TECH
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Pi coins is not launched yet in any exchange đź’± this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAYÂ you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
how can i use my minded pi coins I need some funds.DOT TECH
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If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
The Evolution of Non-Banking Financial Companies (NBFCs) in India: Challenges...beulahfernandes8
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Role in Financial System
NBFCs are critical in bridging the financial inclusion gap.
They provide specialized financial services that cater to segments often neglected by traditional banks.
Economic Impact
NBFCs contribute significantly to India's GDP.
They support sectors like micro, small, and medium enterprises (MSMEs), housing finance, and personal loans.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
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USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
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The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
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Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
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The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
where can I find a legit pi merchant onlineDOT TECH
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Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
8. PRODUCTS OF BANK-ISLAMI PAK. LTD.
Corporate Banking
Mudarabah
Financing
Musharakah
Financing
Consumer Banking
MUSKUN
Financing
Islami Auto
Ijarah-New
Vehicle
Investment
Banking
Sukuk
Arrangement
Retail Banking
Islami Bachat
a/c
Islami Dollar
Bachat a/c
9. MUDARABAH FINANCING
• Glossary (Mudarib, Ras-ul-Maal, Rab-ul-Maal, Wakeel, Ameen, Kafeel)
• Types of Mudarabah Contract
1. Al-Mudarabah Al-Muqayyadah
2. Al-MudharabaAl-Mutlaqah
• Investment
• Expense
• Distribution of Profit and Loss
• Termination of Mudarabah
• Uses
10. Termination of Contract
The mudarabah will stand terminated when the period specified in the contract expires.
It can also be terminated any time by either two parties giving the notice.
Terms of MUDARABA
• Nature of investment and it to be at the disposal of the
Mudarib (Manager).
• Conduct of business within a framework.
• Sharing of profit in agreed proportion.
• Financial loss on capital only.
• Liability of investor limited to his investment
11. • Mudarabah is a kind of partnership which involves two partners i.e.
(Rabb-ul-Maal, Mudarib).
• The profits generated are shared according to a mutually agreed pre-
determined ratio.
• Loss is borne by Rabb-ul-Maal unless the loss is due to negligence of
Mudarib.
• Mudarabah transactions are based on pure profit & loss sharing
arrangement.
• The risks associated with such transactions are greater. Due to this
reason, Mudarabah transactions are executed subject to satisfactory
review of feasibility of the proposed project.
How Mudarbah is used in bank Islami?
12. Literature Review
MUSHARAKAH FINANCING
• Finance should not exceed with the original price of asset. The loan
made should be short term based.(Razak & Meera, 2009 A.D)
• Sharing of profit is required as per the proportion of each member’s
capital.(Wilson, 1974)
• The paper demonstrates principles governing the implementation of
Musharakah Mutanaqisah in Islamic home financing to keep it free
from interest .(Osmani & Abdullah, 2010)
• Musharakah business do not compromise the long-term sustainability
of the business & safeguard the interests of stakeholders. (Noraziah &
Ismail, 2010)
13. • Shareholders (Shuraka’)
• Capital (Ra’sul Mal)
• Project/Business Venture (Mashru’)
• Pre-determined profit allocation (Ribh)
• Offer (Ijab)
• Acceptance (Qabul). (Fariha & Hanani, 2013)
Legal Elements
• Distribution of Profit
• Distribution of Loss
• Nature of Capital
• Management of Musharakah
• Termination of Contract
PILLARS OF MUSHARAKH
16. • The proposed arrangement is composed of the following
transactions:
• To create joint ownership in the property (Shirkat-al-Milk).
• Giving the share of the financier to the client on rent.
• Promise from the client to purchase the units of share of the
financier.
• Actual purchase of the units at different stages.
• Adjustment of the rental according to the remaining share of the
financier in the property.
HOUSE FINANCING
DIMINISHING MUSHARAKAH
17. • Sukkuk & Conventional Bond
• Islamic Sukkuk Types
• Islamic Sukkuk
1. International Overview
2. Local Overview
SUKKUK ARRANGEMENTS
“Every loan that draws any premium is Riba”
18. Sukuk al-
Ijarah
• Ownership certificates
• Trustee as form of sukuk
• Asset leased to firm
• Proceeds as dividend for sukuk holder
• Fixed/Floating returns
• Pre-determined rental Payment
• Holder suffer loss
• Real ownership not only right to receive rent
• Asset shown on books as an clients instead of SPV
Sukuk al-
Salam
• Seller makes an advance payment
• Alternate to short-term Govt. T-bills
• Acknowledgement Receipt
• Difference between Sale & Purchase Price is profit for investor.
• ZTBL sell commodity to buyer on Salam basis.
• Many bank participate in Sukuk but one Bank act as trustee.
• Trustee nominated to represent other Banks.
• Cannot be treated in secondary market.
19. Sukuk al-
Murabahah
• Sukuk issued against Murabahah
• Investors provide funding to purchase asset for issuer.
• Asset purchased from supplier.
• That asset immediately sold to issuer against deferred price.
• Profit would be distributed among the investors proportionately.
• Murabahah sukkuk represents investors shares in receivable from
purchaser.
• Its dayn, cannot traded in secondary market.
Sukuk al-
Musharakah
• Company financed itself through Musharakh.
• Every sukuk represent holder’s proportionate ownership in asset.
• After converting majority of cash into fixed assets, these sukuk
can be treated as negotiable instruments in secondary market.
• Profit be shared among issuer & investors to an agreed ratio.
• Loss is shared on pro rata basis.
• Profit & Loss is shared between investors as per investment ratio.
• Assets of Musharakah should mot be in liquid form to ensure
tradability.
• At least 20% of the value of portfolio should be invested in non-
liquid assets.
20. Sukuk-Other
types
• Sukuk Al Intefah is transfer of usufruct instead of ownership of
asset.
• Other types include Sukuk Al Muzara’a (sharecropping), Sukuk
Al Musaqa (irrigation), Sukuk Al Mugharasa (agriculture) etc.
• Also issued under hybrid structures where number of Islamic
modes of finance are used to issue a Single Sukuk.
• Each Islamic mode is applied at different intervals to cater
different requirements of issuer.
Sukuk al-
Musharakah
• AAOIFI also issue Shariah Standards for Sukuks & these
standards would help reducing differences in fatwas for Sukuks.
• And whosoever fears Allah and keeps his duty to Him, He will
make his matter easy for him...
• (Surah Al TalaqAyat 04)
22. • What makes IslamiBachat Account Shariah Compliant?
• What is the relationship between an IslamiBachat Account holder and
BankIslami?
• Key Features
1. Monthly Profit/Loss statement.
2. Differential and specific pool allocation for large deposit holders.
3. Profit announcement at the end of every month.
4. Minimum balance of Rs. 100/- .
5. Joint a/c facility upto four joint a/c holders.
6. Unlimited over the counter deposits & withdrawal, free of charge.
7. No restriction on intercity transactions.
8. Free 1 card, Bankislami ATM & Deposit card.
9. Access to all ATMS linked to MNET.
10. Instant payment at Orix terminals for grocery,fuel & other etc.
ISLAMI BACHAT ACCOUNT
23. Individual/
Joint a/c
• Filled Account Opening Form
• Computerized National Identity Card (CNIC)
• Passport (for Non-residents only)
• Employment proof (Pay slip, Employment letter etc)
Sole-
Proprietor
• Filled Account Opening Form
• Computerized National Identity Card (CNIC)
• Passport (for Non-residents only)
• NTN Certificate
Partnership/
Club/Society
• Certified Copy of Partnership/ Trust Deed
• Certificate of Registration
• Signatures of all Partners on letter of Partnership
• Certified copy of rules
• Certified copy of resolution
• Copy of by-laws
• Copy of NTN Certificate
• CNICs of all Partners
• Passports (for Non-residents only)
24. Limited Company
• Certificate of Incorporation
• Certificate for Commencement of Business
(PLC only)
• Memorandum of Association
• Articles of Association
• Current list of Directors
• Copy of Board Resolution
• CNICs of all Directors
• Copy of NTN Certificate and Form 29
25. • What makes Islami Dollar Bachat Account Shariah Compliant?
• What is the relationship between an Islami Dollar Bachat Account and
BankIslami?
• Products
• Key Features
1. Free Internet Banking
2. Safe Deposit Lockers
3. 100% interest free
4. Monthly Profit/Loss payment on daily product basis.
5. Minimum balance of USD 100$.
6. No Zakat/withholding tax applicable.
7. Joint a/c facility to four joint account holders.
8. Access to entire online branch.
9. No restriction on intercity transactions.
10. Free a/c statement etc.
ISLAMI DOLLAR BACHAT ACCOUNT