) Introduction of Global Bodies for Islamic banking in three lines for each. 1. AAOIFI 2. IFSB 3. IIRA
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1) Introduction of Global Bodies for Islamic banking in three lines for each.
1. AAOIFI
2. IFSB
3. IIRA
4. CIBAFI
2) Detailed introduction of AAOIFI which must contain
a. brief Introduction and history
b. Responsibilities and in how many sectors it functions?
c. Types of standards AAOIFI makes for Islamic banking standards.
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- what are three banking services first Caribbean international bank offers and alsoexamine how its operations has managed within the dynamic global environment after Covid 19Identify all the regional regulatory institutions within the CIBC FirstCaribbean International Bank regulatory framework. Which three regulators do you believe have the most significant impact on the operations of the bank? Explain your answer.A4) Finance Analyze the contributions and consequences of Islamic banking on organizations and individuals using the six fundamental Islamic banking principles.
- The U.S. financial system is composed of (1) policy makers, (2) amonetary system, (3) fi nancial institutions, and (4) financial markets.Indicate which of these components is associated with each of thefollowing roles. a. Accumulate and lend or invest savingsb. Create and transfer moneyc. Pass laws and set fi scal and monetary policiesd. Market and facilitate transfer of financial assetsGive 1 current issues of Islamic financial services act 2013.Select a bank that operates within North America and describe and assess three banking services that the entity offers and also examine how its operations has managed within the dynamic global environment over the past three years. Provide at least five recommendations to improve operations and banking services for the period 2023-2026 The recommendations should include but is not limited to, a comprehensive review of the banking services currently offered and how to address any internal challenges that may have been identified, along with strengths, weakness and opportunities that currently exist within the North American context.
- Explain Riba-al-Quran and justify how this type of Riba exists in today’s banking system.Which of the following holds deposits, makes loans and provides other financial services to member-owned organizations? a. Central Bank of Oman b. Mutual Funds c. Commercial Banks d. Cooperative Banks4.Briefly explain on the objectives of financial accounting for Islamic Financial Institutions
- B. Explain the key principles identified by the Basel Committee that needs to be followed to ensure sound corporate governance. Link your explanation to the practical operation of a named bank.In certain cases, multiple regulatory bodies aff ect a company’s fi nancial reporting requirements. For example, in almost all jurisdictions around the world, banking-specifi c regulatory bodies establish requirements related to risk-based capital measurement, minimum capital adequacy, provisions for doubtful loans, and minimum monetary reserves. An awareness of such regulations provides an analyst with the context to understand a bank’s business, including the objectives and scope of allowed activities. Insurance is another industry where specifi c regulations typically are in place. An analyst should be aware of such regulations to understand constraints on an insurance company. Th e following are examples of country-specifi c bank regulators. In Canada, the Offi ce of the Superintendent of Financial Institutions regulates and supervises all banks in Canada as well as some other federally incorporated or registered fi nancial institutions or intermediaries. In Germany, the German…Which of the following are functions of International Financial Reporting Standards? (i) Ensuring that financial statements are accurate. (ii) Providing guidance on how certain items should be reported. (iii) Promoting consistent treatment of transactions by all preparers Select one: a. (i) and (ii) only b. (i), (ii) and (iii) c. (ii) and (iii) only d. (i) and (iii) only
