Islamic Banking

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    12-Apr-2017
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Transcript of Islamic Banking

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GROUP MEMBERS NAMES SYED MAISUM ABBAS RIZVI FAHAD ALIMUHAMMAD HAMZA UMAIR AHMED REGISTRATION NO. FA15-BSE-025 FA15-BSE-002 FA15-BSE-007 FA15-BSE-012

Outline of the PresentationHistory of Islamic BankingPakistan and Islamic BankingIntroduction of BankPrinciples of Islamic BankingIslamic Financial SystemIslamic Financial transaction TerminologyIslamic Laws on TradingImplementation of Islamic BankingIslamic Modes of FinancingDifference between Islamic and Conventional Banking Risk Management in Islamic BankingConclusion

What is Islamic Banking?The term Islamic banking refers to a system of banking or banking activity that is consistent with Islamic law (Shariah) principles and guided by Islamic economics. The contemporary movement of Islamic finance is based on the belief that "all forms of interest are riba and hence prohibited".

History of Islamic BankingIslamic CapitalismCurrency: Gold DinarEarly economic concepts and techniques

Institutional involvement 70sDubai Islamic Bank 1975

Modern Islamic History

Pakistan and Islamic Banking

Introduction of Bank

Meezan BankFollows Islamic Banking SystemA Premier Islamic Bank of Pakistan Incorporated on January 27, 1997

Principles of Islamic Banking

Islamic Financial System

Verses Related To Interest

Allah will destroy Riba (usury) and will give increase for Sadaqat (deeds of charity, alms, etc.) And Allah likes not the disbelievers, sinners. ( , Al-Baqara, Chapter #2, Verse #276)That which ye give in usury in order that it may increase on (other) people's property hath no increase with Allah; but that which ye give in charity, seeking Allah's Countenance, hath increase manifold (Ar-Room 30:39)

Hadith related to InterestFrom Jabir: The Prophet, may peace be on him, cursed the receiver and the payer of riba, the one who records it and the two witnesses to the transaction and said: "They are all alike [in guilt]." (Muslim, Kitab al-Musaqat, Bab la'ni akili al-riba wa mu'kilihi; also in Tirmidhi and Musnad Ahmad).

Islamic Financial Transaction Terminology

Islamic Laws on Trading

Implementation on Islamic Banking

Islamic Modes of Financing

Difference Between Islamic and Conventional Banking

Risks Management in Islamic Banking

Conclusion