Durg CALL GIRL ❤ 82729*64427❤ CALL GIRLS IN durg ESCORTS
Islamic Finance 7a
1. Management of Banking and Takaful Institutions Lecturer: Mr. Abdullaah Jalil 06/02/09 2006 (C) Abdullaah MBA4013 Semester I, Session 2006/2007 Lecture 1: Introduction of the Malaysian Islamic Financial System
9. Islamic Financial System 06/02/09 2006 (C) Abdullaah Conventional-plus Dual-financial system Totally Islamic
10.
11.
12.
13.
14. History and Development of the (Malaysian) Islamic Banking System 06/02/09 2006 (C) Abdullaah
15. 06/02/09 2006 (C) Abdullaah The Development of Malaysian Islamic Banking 1983 Enactment of: (1) Islamic Banking Act 1983 (2) Government Investment Act 1983 (now replaced with Government Investment Issues - GIIs) July 1983 The establishment of Bank Islam Malaysia Berhad (BIMB) as the first Islamic bank in Malaysia Jan 1992 BIMB was listed on the main board of the Kuala Lumpur Stock Exchange with 80 branches and 1,200 employees throughout the country.
16. Dual Banking System 06/02/09 2006 (C) Abdullaah Dual Banking System VISION STATEMENT IN 1990 To create a comprehensive Islamic financial system side-by-side with the conventional financial system. 1990 BNM Governor outlined BNM’s vision to create a comprehensive financial system side-by-side with conventional financial system – was further refined to reflect profound changes in the banking system
17. Dual Banking System 06/02/09 2006 (C) Abdullaah BNM decided to allow the existing banking institutions to offer Islamic banking services using their existing infrastructure and branches. 4 March 1993 BNM introduced a scheme known as "Skim Perbankan Tanpa Faedah“/ SPTF on a pilot basis involving 3 banks. July 1993 Following the successful implementation of the pilot-run, BNM opened the scheme to the commercial banks, finance companies, and merchant banks subject to specific guidelines.
18. 06/02/09 2006 (C) Abdullaah Dual Banking System 4 Jan 1994 To link the institutions and the instruments, the Islamic Interbank Money Market (IIMM) was introduced. Oct 1996 BNM issued a model financial statement for the banking institutions participating in the SPI requiring the banks to disclose the Islamic banking operations (balance sheet and profit and loss account) as an additional item under the Notes to the Accounts. 1998 As part of the overall review on Islamic banking, the usage of the term SPTF was revisited and it was found that the term did not portray the right appearance with respect to the Islamic banking operations undertaken by the banks.
19.
20.
21.
22. Dual Banking System 06/02/09 2006 (C) Abdullaah 2005 BNM approved the transformation of “Islamic windows” institutional structure of seven domestic banking groups into Islamic subsidiaries (IS) August 2005 The first foreign Islamic bank commenced operations in August 2005 while the other two foreign Islamic banks would commence operations later in 2006. Feb 2006 The IFSB issued two standards: CAS and Guiding Principles 2006 The launch of INCEIF (International Centre for Education in Islamic Finance)
25. Current Situation 06/02/09 2006 (C) Abdullaah c i i c i 1. Full-fledged 2. Islamic windows 3. Full-fledged Islamic subsidiary (IS) BIMB, Bank Muamalat
26. Flows of Funds (A Perspective) 06/02/09 2006 (C) Abdullaah Islamic Financial Institutions Sources of Funds Uses of Funds Shareholders Depositors Islamic Bonds (Investors) Riba-free Loan Islamic Funds Retained Earning Islamic Capital Markets Islamic Money Markets Islamic Derivatives Shariah-Compliant Financing Zakat/Sadaqah/Waqf Others – Compulsory Deposits Islamic Instruments Islamic Instruments DOMESTIC MARKETS INTERNATIONAL MARKETS
30. 06/02/09 2006 (C) Abdullaah شكرا جزيلا على حضوركم وحسن استماعكم إلى هذه المحاضرة المتواضعة Q & A Session These slides only cover the main issues of the topic. The students are required to refer to the recommended references for more details.