View source for Islamic Finance by Zubair Mughal




== Top 20 FREQUENT WORDS ==
takaful 50
islamic 38
bai 27
insurance 13
based 11
financial 9
international 9
services 9
banking 8
countries 8
institutions 8
loss 8
banks 7
baraka 7
finance 7
modes 7
retakaful 7
shariah 7
business 6
companies 6
malaysia 6
model 6
pakistan 6



== DOCUMENT KEY POINTS ==
*industry progress in pakistan year a cmeezan bank a cmeezan bank a cal baraka a cmeezan bank a cal baraka a cmeezan bank a cal baraka a cmeezan bank a cmcb a cal baraka a cmcb a cal baraka a cmcb a calfalah a cmcb a calfalah a cscb a calfalah a cbank alhabib a cscb a chmb a cbank alhabib a cbank of khyber a chabib ag zur
*a csoneri bank a cmetropolitan i R currently there are full a cbank of khyber a chbl a cbank islami fledged islamic banks while a csoneri bank a cdib a cegibl i R full fledge banks having a c dawood and conventional banks a cnbp a cabn amro have saibbs a caskari a cubl i R total ib branches

*islamic products and services offered by financial institutions around the world i R germany i R uae bank sepah i Rdubai islamic bank

*i R countries have islamic banking institutions i R muslim countries including bahrain uae saudi arabia malaysia brunei and pakistan i R non muslim countries including usa uk canada switzerland south africa and australia
*international overview i R the size of islamic financial industry has reached us bln

*international overview i R in feb dow jones introduced the dow jones islamic market index djim of companies world wide whose business complies with islamic shariah laws i R at present there are more than islamic funds operational through out the world with a total fund base of over usd
*billion

*international overview i R governments of bahrain malaysia and now pakistan have issued islamic bonds sukuk in order to facilitate islamic banks in managing their liquidity
*i R issuance of these bonds has also paved the way for shariah compliant government borrowings

*international overview i R institutions like accounting and auditing organization for islamic financial institutions aaoifi and islamic finance services board ifsb have been formed
*i R due to these collective efforts islamic banking is now recognized by imf world bank and basel committee

*musharakah may be in any profit agreed ratio rs
*partner a venture partner b rs

*basic rules of bai i R bai on such product which is permissible in islam
*i R not based on any incident struggle etc i R price must be clearly identified

*it provides mutual protection and joint risk sharing in the event of a loss by one of its member
*introduction takaful is the sharia compliant brand name for the islamic alternative to conventional insurance

*from the holly quran i R the need for insurance is shown in the following verse of the quran
*those of you who die and leave widows should bequeath for their widows a year s maintenance and residence

*he asked the bedouin why don t you tie down your camel the bedouin answered i put my trust in allah swt
*from the hadiths i R by anas bin malik one day prophet muhammad pbuh notced a bedouin leaving his camel without tying it

*riba in insurance i R direct riba excess on one side in case of exchange between the amount of premium
*i R indirect riba the interest earned on interest based investments

*i R wakalah model an agency agreement is made between participants and operators on the basis of wakalah agency agreements i R wakalah based on waqf model the participant s donate the fund and operator charge an agency fee
*different models of takaful i R pure mudarabah model the participants and operator enter into modarabah contract

*holder mudarib s management wakalah investmen share of ptf s expense of profit loss fee t investment the income income company takaful operator investment by the company waqf operational claims cost of takaful investment reserves surplus retakaful income balance p a r t i c i p a n t s t a k a f u l f u n d p
*wakala waqf model share share h o l d e r s f u n d s

*i R the role of the shariah board is vital in meeting the specific demand of a public who would not insure otherwise
*shariah compliance i R shariah compliance is an essential element in takaful

*it is normally divided into following classes i R property takaful i R marine takaful i R motor takaful i R miscellaneous takaful
*general takaful types i R general takaful a offers all kinds of non life risk coverage

*bancatakaful i R background i R range of products i R savings a personal accident homeowners comprehensive credit cards etc
*i R financing smes a trade credit takaful business office equipment assets

*advantages of bancatakaful i R facilitation desk equipment
*i R one stop shop for clients

*retakaful i R currently few retakaful companies worldwide offering a relatively small capacity i R sudan national reinsurance
*i R bahrain saudi arabia islamic insurance and reinsurance company

*takaful pioneers i R takaful started some years ago in the middle east with the launching of two companies i R the islamic arab insurance co
*of sudan i R but it took some time for the movement to take shape

*i R this was instrumental in the successful launching of the takaful movement in malaysia and in other countries of south east asia
*takaful pioneers i R later in malaysia played a pioneering role in setting the first legal framework specific to takaful takaful act

*takaful operators i R the number of takaful operators worldwide is now estimated at i R takaful companies i R retakaful companies i R in countries
*i R nona muslims increasingly opting for takaful products for commercial benefits

*on average i R world takaful contributions are conservatively estimated at around us billions of which i R general takaful i R family takaful
*takaful premium i R takaful is one of the fastest growing segments in insurance at around pa

*takaful target market i R people who do not insure due to religious reasons
*i R people who currently do not insure at all

*i R a two digit growth in the range of to can be reasonably sustained for at least the next years in the existing markets far and middle east
*billions of which around are based in asia and africa

*i R personal lines insurance business leasing health medicare growing at a higher rate than other conventional classes
*i R islamic banking on sound footing with support of the govt


 ''Please note, This is an auto generated summary based on sentances position in the document and other factors''
== DOCUMENT WORD ANALYSIS ==
=== Main Category ===
: AlHuda Material\islamic banking


=== KeyWords ===
islamic banks banking financial finance investment conventional institutions funds risk financing deposits assets services management international countries equity profit products



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== DOCUMENT REFERENCES ==


=== Number of Pages ===
59


=== Published Date ===
2016-09-17 00:26:43


== Full Document ==


[https://www.hodhood.com/en/HodHoodDocuments/IslamicFinance/IslamicBanking/Islamic%20Finance%20by%20Zubair%20Mughal.pdf Read the Full Document]


[[Category:Islamic Finance]]

[[Category: Islamic Banking]]