Case Studies On Islamic Banking

Islamic window is a concept introduced by Malaysian central (Bank Negara) bank where conventional banks also offer Islamic products beside conventional products in same environment by same staff. Initially, Islamic bank facing fierce competition from long establish conventional banking system. Islamic window introduction can reduce this since Islamic products also became a source of profit for conventional banks. A few conventional banks offering Islamic banking service under Islamic window has achieved an important volume of transactions in the Islamic window that they even set up Islamic bank subsidiary full fledge.

The old management of the Saudi Investment Bank had enacted poor decisions due to their approach in making executive decisions. The old management used their professional experience and assumptions to enact big decisions. This approach has cost the bank millions of dollars, as an internal consultant department announced (4). For example, the bank was well known in the time of its establishment as a corporate bank. The bank had not accepted to open individual accounts. At that time, the bank was the first corporate bank in Saudi Arabia. However, the bank did not act seriously to capture a new segment of customers. As a result, the bank has failed to compete with other banks. By the time, the higher management of the bank has changed to a new management that believed in statistics and analytics to conquer the market. The bank started to focus on capturing a new segment of customers, thus it finally decided to open new branches and proceeded to expand its retail banking sector. Due to limited resources, the bank had to decide in which area the bank should open branches to gain a huge number of customers to convince the board of directors about the importance of the retail

Becoming an expert in Islamic economics and finance field is one of my long-term goals in life. I started to organize and made a plan towards achieving that dream since senior high school. The concern towards Islamic economics and finance concept, and its application for society and the country began when I was reading a book entitled Islamic banking-theory and practice. After finishing reading the book, my interest in Islamic economic and finance topics rose and strengthen my own determination to become the expert of Islamic economics and finance. The main principle of Islamic economics and finance which offers the just and ethics in economic activity, poverty alleviation through income distribution mechanism, and prevention of economic and

An Islamic financial institution such as financial banking has been established before two or three decades ago in the aim to provide satisfactory financial facilities to the interested parties as compared to conventional banks. In 1974 Dubai Islamic bank which is the first Islamic commercial bank was established and later Islamic Development Bank (IDB) has been established in 1975 (Hennie and Iqbal, 2008).

Apart from that, Islamic Banking contributes towards the economic development and prosperity within the principles of Islamic justice. The mechanism of Profit-Sharing establishes a direct relationship between the benefit of the bank and the entrepreneurs. Islamic Banking aims to facilitate efficient allocation of resources. This means, in the case of Islamic banking profitability of projects works as deciding factor as to where the financial resources will go and to what extent. The basic mechanism of Islamic banking system is such that financial resources are allocated based on the profit. It means financial resources are allocated to projects which are considered more

11 Sheikh, N. A. and Karim, S., “Determinants of profitability of Islamic commercial banks: Evidence from Pakistan”, Pakistan Journal of Islamic Research, Vol. 17

E. Personal Finance (Service Ijarah) This is based on the Sharia’h Principle of Ijarah. Here the bank makes agreements with certain Service-Providers and leases the services required by the customers from the Providers and sub-leases to the customers based on Ijarah.

The primary model of Islamic managing an account framework came into picture in 1963 in Egypt. Ahmed al Najjar was the boss originator of this bank and the key peculiarities are

Shahjanaz Kamaruddin begins this article by stating that Malaysia has developed into becoming a full-fledged Islamic financial system operating in parallel to its conventional counterpart. Islamic finance is based on the Islamic principle of Syariah which is relevant in today’s world. According to the Islamic Finance Development (IFD) Report 2014, Malaysia is the undisputed in sukuk(bond) with a 63% of global market share. Malaysia performs very well across 5 indicators which are quantitative development, knowledge, governance, CSR (corporate social responsibility) and

The primary source of data for research is interviews with bank executives. To confirm information collected by primary data, some documents published by banks were used as secondary data. The interviews were recorded and important points were collected. The whole research can be divided into three steps. First is general description of

Globalisation will help bank managers in Saudi Arabia to present both high quality service and efficient management styles by using internet and high technologies. Research shows that weather of using internet is more likely in banking sector which is facilitating business for both employees and consumer. Indeed, over than 50% of population in Saudi Arabia is under 25 years old. Thus, this segmentation will be more interest using new-technology in bank services; as well as, competition will be brought a new demands by foreign banks which are established high quality e-banking, facilities and developed products ( The Middle-East 2003).

They require for expert bankers as well as managers cannot be more than emphasize. a few number of bankers at this time running by the direct participation by himself or by the boss how don’t cover much experience of Islamic bank activities and

Accordingly a larger section of population is still unaware of Online Banking owing to many reasons and legitimate crises. Moreover, this Online banking culture is such a culture or trend, as people ought to know, considering the issue. We should go forward to work immensely in this area or field as though this trend or culture spreads and gets access to the realization of people in no time. The money embezzlement in a bank poses tense and threat to the belief of people on bank, that man be eradicated through updated, modem service ensured in change of traditional banking management, therefore, my research work regarding this banking culture might grow the confidence, eagerness to large extent. On the contrary, this study would let the people and students be familiarized and come to a close contact in behalf of this banking system.

This report is an inclusive study to know the prospective of Askari bank. Askari Commercial Bank is one of the leading banks in Pakistan, which is

Over the last few decades information technology has played an important role in Indian economy. It has affected all the industries especially the banking industry and has provided a way for the banks to differentiate their products and services. The traditional way of financial services delivered to customers called the branch based operations which had been used by the banks for more than 200 years, has been replaced by the advent of multiple technologies and application. For instance, Automated Teller Machine (ATM) displaced cashier tellers, telephone represented by call centers replaced the bank branch, the internet replaced mail, credit cards and electronic cash replaced bank transactions. The reason was the numerous key advantages that banks could gain by providing electronic banking services. In this way they had lower transactions cost, 24 hour trading, more extended business territory and also increased efficiency in daily banking process. The Banking Sector is also facing very stiff competition. In order to succeed such competition, they must offer a wide array of products with the latest technology. At present many banks and financial institutions are actively developing new electronic banking products for their customers throughout the world (Alagheband 2006) . The key players of banking industry are its customers and all the efforts made by the banks are to satisfy the desirable needs of