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Islamic Banking

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A details review of meezan bank and little information about islamic banking.

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Page 1: Islamic Banking

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Page 2: Islamic Banking

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Presented by

Junaid Zamir

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What is Islamic Banking

It is based on the Islamic economic

system.

It is not restricted to Muslims only.

There are more than 300 Islamic

Financial Institutions in the world.

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When it Came into Being

• The Islamic Summit of Lahore, Pakistan held

in 1974 recommended the creation of Islamic

Banks and Islamic Development Bank.

• On 14 Ramadan 1420, the Shariah Bench of

the Supreme Court of Pakistan gave its

landmark decision banning interest in all its

forms and by whatever name it may be called.

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When it Came into Being

• After 55 years after its creation in the name of

Islam, Pakistan became the first Muslim

country to officially declare modern bank

interest as ar-riba, declared haram by Qur'an

• The court also specified a step by step

approach to rid the country of the evil of

interest

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How it is Different ?

• Islamic Orders not to use Money as a

commodity.

• They operate under the concept of lender-

borrower relationship and the profits

generated through this relationship are

divided between the two parties as per

agreement.

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How does it works ?

• The bank entirely depends upon the fixed deposits and does not borrows money from the central bank.

• Bank gives loan on basis of mutual agreement.

• Marjorly focuses on sales transaction.

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About Meezan Bank

At Meezan Bank we are committed to providing you a complete range of Shariah compliant banking services that are up to the highest professional standards.

To maintain absolute world class serviceexcellence, with a dedicated focus on value and recognition for our customers.

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Vision

Our Vision

Establish Islamic banking as banking of first choice to facilitate the implementation of an equitable economic system, providing a strong foundation for establishing a fair and just society for mankind.

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Mission

Our Mission To be a premier Islamic bank, offering a one-

stop shop for innovative value added products and services to our customers within the bounds of Shariah, while optimizing the stakeholders value through an organizational culture based on learning, fairness, respect for individual enterprise and performance.

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Our Services

• Personal Banking and Finance

• Commercial Finance

• Car Ijarah - Car Financing

• Easy Home - Home Financing

• Asset Management

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Current Analysis

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Profit and Loss

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Assets

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Deposits

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Target Market

• Entire World

• Islamic banking is for people of the world

not just for people in Muslim countries.

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Competitors

• Commercial Banks(non-islamic banks)

• Dubai Islamic

• Bank Al-Islami

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Future

• Replace conventional Banking system with

Islamic banking System.

• Expand their Branch Network.

(currently having 100 Branches in Pakistan)

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Probelms of Islamic banking

• A major problem is lack of awareness of Islamic banking among people.

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Thank You

Any Questions!