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  • Islamic Banking: How we can move on to next phase? by A.J. Karimi, Head HMB IB Products`*Novemebr 02, 2010

    Islamic Banking: How we can move on to next phase? by A.J. Karimi, Head HMB IB Products`

  • Islamic Banking: How we can move on to next phase? by A.J. Karimi, Head HMB IB Products`*Islamic Banking: How we can move on to next phase?

    Abdul Jabbar KarimiHead- HMB IB Products, Research &TrainingHMB-Islamic Banking DivisionNovemebr 02, 2010

    Islamic Banking: How we can move on to next phase? by A.J. Karimi, Head HMB IB Products`

    Islamic Banking: How we can move on to next phase???*HMB-Islamic BankingNovember 02, 2010

  • Novemebr 02, 2010*Possible Outcomes..To know that who are stakeholders of this growing child understanding the basic science of Islamic Banking/Finance in order to enable the participants to appreciate the need of the subject and look into it to make the industry as mainstream banking sector

    To understand the minimum responsibilities and consequently the roles being Muslim have to be played to move on..to next phase

    The future....of Islamic Finance is in our hands at most..

    Mostly in your hands. the customer.Islamic Banking: How we can move on to next phase? by A.J. Karimi, Head HMB IB Products`

    Islamic Banking: How we can move on to next phase? by A.J. Karimi, Head HMB IB Products`

  • TABLE OF CONTENTS

    What I mean by next phase?How to move on?Theory:ones perception and position takingPractice:what needs to be done? Do we really want to move to next phase?I am optimistic for the Isl. Banking Future*Novemebr 02, 2010Islamic Banking: How we can move on to next phase? by A.J. Karimi, Head HMB IB Products`

    Islamic Banking: How we can move on to next phase? by A.J. Karimi, Head HMB IB Products`

  • *TABLE OF CONTENTS

    Let us look a glance on Islamic Banking Current ScenarioNovemebr 02, 2010Islamic Banking: How we can move on to next phase? by A.J. Karimi, Head HMB IB Products`

    Islamic Banking: How we can move on to next phase? by A.J. Karimi, Head HMB IB Products`

  • The Presence of Islamic Finance:About 1100 institutes offering Islamic Products around the world Note:Figure indicates number of Islamic FIs in the country. Only some of the key FIs are shown for each country

    *Novemebr 02, 2010Islamic Banking: How we can move on to next phase? by A.J. Karimi, Head HMB IB Products`

    Islamic Banking: How we can move on to next phase? by A.J. Karimi, Head HMB IB Products`

  • 1100 institutions are offering Islamic Financial Products/Services Growth Rate @ 28% since 2006

    According to The Bankers 2009 survey, the volume of the Shariah Compliant Assets of the top 500 Islamic Financial Institutions grew by 28.6% rising to US$822bn from $639 in 2008 at a time when the top 1000 World Banks assets slumped to 6.8% from 21.6% from the previous year.

    The Shariah Compliant Assets are projected to grow to US$1.60 trillion by 2012.

    Sukuk (Islamic Bond) Issuance expected to hit US$200 Billion by 2010

    Global Scenario*Novemebr 02, 2010Islamic Banking: How we can move on to next phase? by A.J. Karimi, Head HMB IB Products`

    Islamic Banking: How we can move on to next phase? by A.J. Karimi, Head HMB IB Products`

  • The United Kingdom has emerged as a leading centre for offering Islamic Financial Services (IFS) as at present there are 22 banks in UK offering Islamic Financial Services, out of which 05 are fully Shariah Compliant (4 wholesale & 1 retail bank).

    Lloyds TSB Bank PLC (LYG ), Britain's fourth-largest, recently introduced Islamic mortgage products to cater to Britain's 2.5 million Muslims.

    France by indicating the adjustments in its legal and fiscal framework aims to the development of Islamic Finance to cater the faith-based clientele in the country in addition to gain attention of Middle Eastern Investors holding abundant liquidity. (report by Standard & Poor, 2009)

    German state became the first European government body to issue an Islamic bond last year -- a $121 million.

    Global Scenario.*Novemebr 02, 2010Islamic Banking: How we can move on to next phase? by A.J. Karimi, Head HMB IB Products`

    Islamic Banking: How we can move on to next phase? by A.J. Karimi, Head HMB IB Products`

  • The opportunities to tap the surplus funds of oil rich Muslim nations is strong as many non Muslim countries are trying to tap it including, Japan, UK, Singapore, France, Hong Kong US, Germany, Australia, Thailand, etc. These institutions are playing a key role in setting up and standardizing Shariah , Financial and Accounting standards for Islamic Financial Institutions.Major business schools such as Oxford, Harvard, Rice and Durham has started post graduate programs in Islamic Finance Harvard University has developed a major database by the name of Harvard Islamic Financial Information Program HIFIP) for Islamic Banking.

    Global Scenario.*Novemebr 02, 2010Islamic Banking: How we can move on to next phase? by A.J. Karimi, Head HMB IB Products`

    Islamic Banking: How we can move on to next phase? by A.J. Karimi, Head HMB IB Products`

  • Islamic Banking In Pakistan: An OverviewThe Islamic banking market in Pakistan continued to expand during the last year as well and the assets growth has registered 59% p.a. growth since 2005 as stated by Deputy Governor SBP. Assets = about PKR 411 bn + (Industry Share constitute 6.10%)Deposits = about PKR 330bn + (Industry Share constitute 6.40%) Financing and Investment = about PKR 230 bn +(Industry Share constitute 4.30%) Projected growth for the next 5 years of Islamic Banking is 15% to 20% per annum.The Islamic Banking Market share would reach 12% by 2012 as per strategy plan of SBPIn 2008 the assets of Islamic Banking increased by 34% as compared to the assets of overall industry by 8.8%. (SBP Bulletin)

    *Novemebr 02, 2010Islamic Banking: How we can move on to next phase? by A.J. Karimi, Head HMB IB Products`

    Islamic Banking: How we can move on to next phase? by A.J. Karimi, Head HMB IB Products`

  • Novemebr 02, 2010*A FEW SAYINGS BY KEY PLAYERS FOR ISLAMIC BANKING"There is a segment within the current market that would switch to Islamic if the quality and benefits offered were as good as conventional financial products," says Ray Ferguson, CEO of Standard Chartered Bank UAE in Dubai.

    A conservative approach to risk and a close link between the financial sector and real assets has helped shield the sector from the worst of the credit crisis, said. Brian Caplen, An editor of a London-based magazine

    "Islamic banking isn't just for conservative or radical Muslims. It's mainstream business now, "That's why every bank wants a bigger piece of it." says Ross Mohamad Din, director of HSBC Amanah Malaysia

    Islamic Banking: How we can move on to next phase? by A.J. Karimi, Head HMB IB Products`

    Islamic Banking: How we can move on to next phase? by A.J. Karimi, Head HMB IB Products`

  • Islamic Banking: How we can move on to next phase? by A.J. Karimi, Head HMB IB Products`*Novemebr 02, 2010TABLE OF CONTENTSWhat I mean by next phase?

    Islamic Banking: How we can move on to next phase? by A.J. Karimi, Head HMB IB Products`

  • Islamic Banking: How we can move on to next phase? by A.J. Karimi, Head HMB IB Products`*Novemebr 02, 2010Next Phase shall be starting..Islamic banking must be able to become domestic player with an international quality in services and performance, i.e. first best choice that caters equally the here (Dunya) on the same competitive conventional banking lines

    Positioning Islamic Banking as a beyond banking ,i.e. more than just a bank..

    20% + Country Business /(deposits+ Assets) to be done through Islamic Banking

    Islamic Banking: How we can move on to next phase? by A.J. Karimi, Head HMB IB Products`

  • Islamic Banking: How we can move on to next phase? by A.J. Karimi, Head HMB IB Products`*Novemebr 02, 2010TABLE OF CONTENTS2. How to move on? Theory:ones perception andposition taking

    Practice: what needs to be done?

    Islamic Banking: How we can move on to next phase? by A.J. Karimi, Head HMB IB Products`

  • Novemebr 02, 2010Islamic Banking: How we can move on to next phase? by A.J. Karimi, Head HMB IB Products`* How to move on? Theory:

    Islamic Banking: How we can move on to next phase? by A.J. Karimi, Head HMB IB Products`

    Sheet1 (2)

    The Position of Banking And Finance Within Islam

    ISLAM

    AQIDAHSHARIAAKHLAQ

    faith & beliefpractices &