Growth of islamic banking by karimi

Al Huda Int’l Conference 2010 ISLAMIC BANKING: The C ommon P erception & The F uture Prospects A bdul J abbar K arimi HMB-Islamic Banking Division [email_address] Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi

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Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi ,[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi The Common FAQs about Islamic Banking..??

[object Object],[object Object],[object Object],[object Object],Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi How to make the customers perception in the desired direction?

Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi What bothers Interest-based Financial Institutions to have Shariah Compliant Products? ,[object Object],[object Object]

Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi Are IFI (Islamic Financial Institutions) Viable? ,[object Object],[object Object],[object Object],[object Object],[object Object]

Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi Islamic Banking: The Stakeholders Consumers Islamic Banking Institution Government Central Bank Staff Sponsors Management External Internal Legal Framework Demand for Products & Services Vision & Leadership Capital Regulations/Policies guidelines Shariah Adviser/Shariah Board Madrasas/ Religious Scholars Shariah supervision Public opinion/Religious Rulings Productivity

Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi Shariah Risk: A Unique IB Characteristic ,[object Object],[object Object],[object Object],[object Object],[object Object]

[object Object],[object Object],[object Object],[object Object],Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi

Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Islamic products and services offered by 300+ Financial Institutions around the world Note: Figure indicates number of Islamic FIs in the country. Only some of the key FIs are shown for each country Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi United States: 20 - Al Manzil Financial Services - American Finance House - Failaka Investments - HSBC - Ameen Housing Cooperative Germany: 3 - Bank Sepah - Commerz Bank - Deutsche Bank Switzerland: 6 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Bahrain: 26 - Bahrain Islamic Bank - Al Baraka - ABC Islamic Bank - CitiIslamic Investment Bank Malaysia: 49 2 - Pure Islamic Banks (Bank Islam, Bank Muamalat) Rest - conventional banks Saudi Arabia: 10 - Al Rajhi - SAMBA - Saudi Hollandi - Riyadh Bank UAE: 9 - Dubai Islamic Bank - Abu Dhabi Islamic Bank - HSBC Amanah Qatar: 4 - Qatar Islamic Bank - Qatar International Islamic Kuwait: 5 - Kuwait Finance House Iran: 8 Egypt: 7 - Alwatany Bank of Egypt - Egyptian Saudi Finance Indonesia: 4 Sudan: 9 Pakistan: 5 India: 3 Bangladesh: 3 Turkey: 7 - Faisal Finance Institution - Ihlas Finance House Yemen: 5 Planning to go for Islamic Banking

[object Object],[object Object],[object Object],Global Scenario…… Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi

[object Object],[object Object],[object Object],[object Object],Global Scenario……. Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi

[object Object],[object Object],[object Object],Global Scenario……. Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi

[object Object],[object Object],Global Scenario……. Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi

Islamic Banking in Pakistan: An Overview Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi

1. A FEW SAYINGS BY KEY PLAYERS FOR ISLAMIC BANKING……… ,[object Object],[object Object],[object Object],Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi

2. What Motivates an individual? Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi

Universal Motivating Factors: ,[object Object],[object Object],Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi

“ O you who believe, Fear Allah and give up what remains of your demand for Interest, if you are indeed a believer. If you do not, then you are warned of the declaration of war from Allah and His Messenger; But if you turn back you shall have your principal: Deal not unjustly and you shall not be dealt with unjustly.” Al Baqarah 278 - 279 (Fourth Revelation) Motivating Factor- Fear Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi

From Hazrat Abu Hurayrah (RA): The Prophet, peace be on him, said: "Riba has seventy segments, the least serious being equivalent to a man committing adultery with his own mother." (Ibn Majah) Motivating Factor- Fear What Hadith says about Riba? Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi

From Hazrat Jabir Ibn-e-Abdullah (RA): The Prophet may peace be on him, cursed the receiver and the payer of interest, the one who records it and the witnesses to the transaction and said; “They are all alike (in guilt).” Ref: (Muslim, Tirmidhi and Musnad Ahmed) What Hadith says about Riba? Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi

3. Changing the perceptions of the clients by offering the required basket of goods @ market rate addressing the Qs….. Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi

[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi The Common Perceptions: The Key Questions

Why Islamic Banking? ,[object Object],[object Object],[object Object],[object Object],[object Object],Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi

Accessing New Market segments through Islamic products Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi

Is our vision to create a Market Segment? The tale of Telecom. Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi

Telecom Revolution…Year 2000 ,[object Object],[object Object],No of connections and market share Source: Pakistan Telecommunication Authority Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi

Telecom Revolution…Year 2007 ,[object Object],No of connections and market share Source: Pakistan Telecommunication Authority Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi

Telecom Revolution…Year 2007 ,[object Object],Mobile Phone Industry 55 Mn Connections Fixed Line Industry 5 Mn Lines Source: Pakistan Telecommunication Authority Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi

What is the inspiration… ,[object Object],[object Object],Basic functionality with out the wire Financial solutions with out Riba Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi

At the time of branch opening… - 15 branches of 13 banks on the same road - IBB branch would in fact not be 14 th branch rather 1 st in that area offering Islamic products Accessing New Market segments through Islamic products Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi

What does this Market Want ? Accessing New Market Segments through Islamic products Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi

What does this Market Want? “ The winning formula” All things equal I Will prefer an Islamic Product I will Not bank with an Islamic Bank I will only bank with an Islamic Bank Research: Source: Oasis International research 2006 Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi

What does this Market Want? ,[object Object],“ All things equal I will prefer an Islamic product” Launched in an area already having Conv.banking branches Highest incremental growth in the entire banking industry IBB Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi

The road ahead… Accessing New Market Segments through Islamic products “ Nothing is more powerful than an idea whose time has come” Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi

Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],For having desired Future prospects…

The Main Motivating Factor and Driver of Islamic Banking ….. ,[object Object],[object Object],[object Object],Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi “ ROIA” Concluding Point

Thank you Alhuda Conf. 8-9 June’ 2010 Islamic Banking: The Common Perception & the Future Prospects by : A. J. Karimi FOR FURTHER INFORMATION: Abdul Jabbar Karimi Cell: +92 300 8245995 Ph: +9221 32639665 Email: abduljabbar.karimi@gmail.com

CENTER OF ISLAMIC BANKING & ECNOMICS Head Office: 192- Ahmad Block, New Garden Town , Lahore, Pakistan Ph: +92-42-35913096-8, 35858990, 38407850 Fax: +92 -42-35913056 E-mail : [email_address] Web: www.alhudacibe.com

Growth of islamic banking by karimi

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Growth of islamic banking by karimi