This website uses cookies to ensure you have the best experience. Learn more

Islamic Banking Essay

5608 words - 23 pages

OFFICIAL ASSIGNMENT COVER SHEET | |
|Student Name: |TEAM 2 [NK Jaketia, Yi Hui Lim, Radha Murugarajan, Omar Sharief] |Student Number: |NJ6801, | |
| | | |YL5247, | |
| | | |RM4712, | |
| | | |OS5310 | |
|Assignment ...view middle of the document...

| | |
|2 |Relevance – ideas and arguments were highly relevant to | | |
| |the problem | | |
|3 |Originality – novel ideas were introduced and explained | | |
| |with substantial depth and detail | | |
|4 |Justification – arguments were convincingly supported | | |
| |with relevant readings and data | | |
|5 |Presentation and articulation – ideas were expressed in | | |
| |a clear and concise manner | | |
| | |
|* S = satisfactory; U = unsatisfactory. To achieve a passing grade, |Percentage: |
|criterion number 1 must be assessed as satisfactory. | |
|Name of examiner: |Dr. Mark Esposito |Date: | | |

Note to students: Please ensure that your filenames do not contain Reserved characters such as /?:@=& ; or unsafe characters like “< >"#%[]{}|\^ ~ ''( ) as the presence of these characters might prevent your assignments from being downloaded successfully by your professor.
To preserve the formatting of this cover sheet, be careful not to remove the ‘Section Break’. This is viewable by selecting the ‘Normal’ option in the ‘View’ menu.

Table of Contents

Executive Summary 4

1. Company Background of Dubai Islamic Bank 5

2. Industry and Environmental Background 12

3. Interviews of Departments and Employees 14

4. Recommendations and Implementations 20

Conclusion 25

Executive Summary

Banking Operations in the Middle East has taken a significant turn in recent years where the market has been dominated by different competitors and different segments of banking that cater to the diverse...

Other Papers Like Islamic Banking

Islamic Banking Instituitions Essay

2040 words - 9 pages , promulgate, interpret and review, the accounting and auditing standards for Islamic financial institutions. Its notable efforts are to inform and encourage banking supervisors around the world to adopt its standard as the benchmark for Islamic financial institutions in their countries. These attempts to improve the transparency and comparability of the financial reporting of Islamic financial institutions are bearing fruit. The AAOIFI’s standard has

Islamic Banking and Finance Essay

2772 words - 12 pages Islamic Modes of Finance Theory and Key Shariah Principles Modes Of Finance • Two are ideal modes which provide an alternative to interest banking and if implemented on a national level will result in much fairer distribution of wealth in society 1. Mushaarakah – ‫رآ‬ (equity finance) 2. Mudhaarabah - ‫ر‬ (equity finance - sleeping partner) • Two are not ideal as they replicate the effects of conventional banking but nevertheless are

Islamic Banking System in Bangladesh

3190 words - 13 pages AMERICAN INTERNATIONAL UNIVERSITY BANGLADESH A Report submitted in partial fulfillment of the degree of Bachelor in Business Administration (BBA) REPORT TOPIC: Islamic Banking System in Bangladesh Course name: INTRO. TO BEHAVIORAL SCIENCE Section: F (BBA) Course Instructor: MOHAMMAD MOSTOFA JAMAN Faculty of Business Administration Department of BBA American International University-Bangladesh Group Members Name and ID: 1

Proposal of Customer Satisfaction in Islamic Banking

2800 words - 12 pages CHAPTER 1 INTRODUCTION 1.1 The Introductory Paragraph Islamic banking refers to a system of banking that complies with Islamic law also known as Shariah law. The underlying principles that govern Islamic banking are mutual risk and profit sharing between parties, the assurance of fairness for all and that transaction are based on an underlying business activity or asset. The Islamic banking system has gained momentum worldwide. There are

Prospect Of Islamic Banking In Bd

6394 words - 26 pages Proceedings of 3rd Asia-Pacific Business Research Conference 25 - 26 February 2013, Kuala Lumpur, Malaysia, ISBN: 978-1-922069-19-1 Prospects of Islamic Banking in Bangladesh Md. Maruf Ullah and Md. Shahnur Azad Chowdhury In a developing country like Bangladesh, the Islamic banking system as a whole has a vital role play in the process of economic development. The study has been concentrated on “Prospect of Islamic Banking in Bangladesh

Major Differences Between Islamic and Banking System

569 words - 3 pages Major Differences between Islamic and Banking System | | Islamic System | | Conventional System | | Money is a product besides medium of exchange and store of value. | Real Asset is a product. Money is just a medium of exchange. | Time value is the basis for charging interest on capital. | Profit on exchange of goods & services is the basis for earning profit. | Interest is charged even in case, the organization

Ssssss

443 words - 2 pages Islamic And Conventional Banking banking in two groups as follows 1) Islamic Banking 2) Conventional Banking. 1.1-ISLAMIC BANKING. When we discuss about Islamic banking... Save Paper Islamic And Conventional Banking Practice conventional and Islamic bank as a conventional bank is a riba based bank and an Islamic bank is a profit based bank. Conventional banking... Save Paper Stability Of Islamic And Conventional Banks During The

History & Development

4310 words - 18 pages Islamic Banking and Finance: History Development Slide #1 Some Issues History Of IBF Development of IBF -Overview- 2. Islamic Banking and Finance: History and Development History and Development of IBF in Bahrain Full Fledged IB vs. IB windows • Word ‘bank’ comes from the word ‘banco’ - A table or a bench on which Italian money-changers used to display their monies and records and conduct their transactions History of

Islamic Finance

607 words - 3 pages This essay will provide a comparison between Islamic Finance and conventional Finance principles. In order to do this, firstly it is necessary to determine the scope and establish some of the fundemental concepts that define Islamic Finance, or "Sharia compliant banking" as it is often referred to. After this, it will be possible to discuss some of the advantages that Islamic Finance institutions have over the typical conventional banks. As

Risk Management

4636 words - 19 pages Risk Management in Islamic and Conventional Banks: A Differential Analysis Salman Ahmed Shaikh* Dr. Amanat Ali Jalbani Abstract Islamic banking is interest-free banking which makes it necessary for Islamic banks to take active part in the operations of the business, i.e. share profits as well as losses. Banks including Islamic banks prefer to take minimum risk. On the surface, it may seem that Islamic banks face more risk and hence, will

History Management

865 words - 4 pages History banks Part 1 changes in executive mgt and shariah advisory board Qualification of top mgt and mgt team Part 2 changes in banking philosophy or principles Mision vision obj corporate strategy Part 3 changes in banking practices and practical application of islamic bank Implement islamic or not Trading activities Product Annual reports Donation Sponsorship Part 4 problem Effect Solution Financial statement PART ONE

Related Essays

Islamic Banking Essay

1832 words - 8 pages Islamic Banking Malek Alraddadi 02-24-2014 FIN-610 Introduction This study debates upon the history of Islamic banking. What are the ethical issues involved in the implementation of Islamic banking. Since the birth of Islam what type of steps are taken and by whom these measurements were taken. Besides this this paper also declares the response and customers point of view regarding Islamic banking with the help of different studies

Islamic Banking Essay

1714 words - 7 pages Contents 1 2 10 12 What is Islamic banking? Islamic banking in Malaysia Observing Shariah principles Shariah concepts in Islamic banking Frequently asked questions Glossary This booklet tells you about the basic concepts and principles of Islamic banking. What is Islamic banking? Islamic banking is banking based on Islamic law (Shariah). It follows the Shariah, called fiqh muamalat (Islamic rules on transactions). The rules and

Islamic Banking Essay

1838 words - 8 pages reconstruction of man's economy. More than anything else, Islamic banking and finance, a sub-section of Islamic economics, has been a quest for justice and morality into "the ordinary business of life." Justice and morality cannot, however, be all put into laws and regulations, especially when it comes to protecting the small and weak from the big and strong. Some behaviour changes are called for. Justice and morality have to penetrate the

Perceptions On Islamic Banking Essay

2520 words - 11 pages Bank Employees Perceptions on Islamic Banking Acceptance Abstract This research was conducted to investigate bank employee perceptions on Islamic banking acceptance. The questionnaires were distributed to bank employee at Maybank Islamic Wangsa Maju (Islamic bank) and Maybank Setapak (Islamic window) Kuala Lumpur. Interestingly, few of the bank employees possessed a relevant academic background or relevant experience in banking on this