Internship Report of an Islamic Bank(Meezan Bank) in Pakistan

Main competitive pitch of Islamic banking is in Sharia compliant and interest free. But the real business of Islamic banking is producing profit.

Intermountain has also benefitted from an AA+ bond rating which reduces their borrowing costs. It is critical that the organisation maintains a healthy financial performance so as to retain the rating. A lower rating would add to their financial pressure.

London Biscuits Bhd which is the borrower of Asia Bank Bhd is looking for a new term loan. Mr Daniel Lei, the Chief Executive Officer (CEO) of London Biscuits Bhd (LBB). LBB is going to purchase the property which is a factory in Glenmarie Hicom Industrial Park. The purpose of purchase a new property is to set up a new factory to cater expected increase in sales of the products and to expand business. We as the credit officers of Asia Bank Bhd have decided to use 5Cs of credit framework to evaluate this application of the term loan. Furthermore, the 5Cs of credit are character, capacity, capital, condition and collateral.

To give the reader some background information, Bhutto displays an excerpt from the preamble of Pakistan’s Constitution. After defining Pakistan as an Islamic nation by stating that “sovereignty over the entire Universe belongs to Almighty Allah” (qtd. in Jacobus 175), the Constitution goes on to lay out some beliefs that coincide with those of Western democracy. The document claims that “the principles of democracy, freedom, equality, tolerance, and social justice… shall be fully observed… (and the citizens of Pakistan) shall be guaranteed fundamental rights, including… social, economic, and political justice, and freedom of thought, expression, belief; faith, worship, and association” (175). The preamble goes on to declare “Pakistan (is)... a democratic State based on Islamic principles of social justice... dedicated to the preservation of democracy” (175-176). This passage presents the reader with the idea that, fundamentally, Islamic and democratic values correspond.

The banking industry has over the years evolved from simple to large and complex organization. They have grown from one street building into having multiple branches some of which are international. Their clients range from individual and institutions to governments and other banks. Banks do not manufacture physical things. Their work is simply services for money (Koch & MacDonald 2010). Such services include storing, lending and managing money. All people and institutions, as well as governments, need money to operate accordingly.

Banks are institutions in which people put their money for safekeeping, to save, to use to pay their bills, or to earn interest on. Banks are allowed to use that money to make loans and earn interest for the bank's’ owners. Different types of banks offer different types of services. For example, commercial banks originally just served businesses, and savings banks and credit unions were used by individuals, especially those who couldn’t qualify for loans at regular banks. This is no longer the case. Although commercial banks and thrift institutions used to serve different purposes, today they all offer many of the same types of services including bank accounts, loans, credit, certificates of deposits (CDs), and much more.

Modern day Pakistan’s land has traditionally been Muslim for many years. In the early nineteenth century it was ruled by Britain and considered part of the British Indian Empire. In 1947, a partition was granted from the British, and Pakistan and India were created as their own countries. As the previous British Empire divided,

Banks like Citibank (C) or any other banks in an exchange-traded fund (or ETF) like the Financial Select Sector SPDR (XLF) don’t get such a high rating. XLF includes all the important

founder and the first president of Pakistan proposed the idea of a “Two Nation Theory”.

CN provides a simple index of 0-to 4-stars with higher financial performance indicated by higher ratings.

How do you know if your Bank or Credit Union is financially stable? Did you pick the best Life Insurance or Property Insurance Company? Are you getting the best deal on your Medigap Insurance? Which Mutual Fund will give you the best return? Which Stocks are the best to choose? Get the answers to these important questions – and more – at Weiss Ratings. The Lynnfield Public Library has purchased a subscription to this powerful database for the use of our patrons. Weiss Ratings is available to all patrons in the library on lap-tops, tablets, or our nine Internet terminals. This financial rating service is

Jules Kroll is planning to enter into the ratings industry. To determine whether it is a good idea and a good time for him to enter into the new business, we project the 5-year NPV for KBRA and apply SWOT analysis to KBRA. The 5-year projected NPV is $341.1 million, a positive number. It is a good time and a good idea for KBRA to enter the business. However, through our SWOT analysis, it would be difficult for KBRA to become competitive in a short time. Thus we suggest it add a credit rating division into the company to make attempts to it but not start up a

The aim of this report is to recommend whether or not a publicly traded company has been is worth investing in. The company chosen in this case is JPMorgan & Chase which is a large financial institution. This report is going to use a financial rational formed by the analysis of various financial metrics.

The purpose of this paper is to recommend Jack to long the Comerica Incorporated (CMA) stock. In this paper we explain how banks operate and present a small back ground on the issue Comerica is facing. Then we more on to financial statements analysis of CMA, which does not present a very strong outlook of the company, but because of the financial crisis, whole industry is experiencing financial stress. Next, our valuation methods show that CMA is undervalued relative to its peers, and hence is a good company to invest in.

In 1940 the all-Indian Muslim league declared its desire for a 'Pakistan' meaning 'land of the pure' under the confederation of an all Hindu state called 'Hindustan' or the 'land of the Hindus'. however a 'Pakistan' under the Indian rule seemed impossible, and