reliability, across time. During the last 28 years, AB Bank Limited has opened 77 Branches in different Business Centers of the country, one foreign Branch in Mumbai, India and also established a wholly owned Subsidiary Finance Company in Hong Kong in the name of AB International Finance Limited. To facilitate cross border trade and payment related services, the Bank has correspondent relationship with over 220 international banks of repute across 58 countries of the World. In spite of adverse market
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into the CIMB Group making the CIMB Group the leader in investment banking in Southeast Asia. The majority stakeholder (28.39%) of the CIMB Group is Khazanah Nasional, which is the investment holding arm of the Malaysian Government. Khazanah Nasional also owns a stake in CIMB-Niaga (Khazanah Nasional Berhad, 2010). In just 2 years, CIMB transformed itself from Malaysia’s no. 1 investment bank into a regional universal banking group. CIMB has grown from staff strength of 1,000 in Malaysia to 20
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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”. The paper mainly emphasizes on analyzing the performance of Islamic banks and it has also identified some problems & opportunities and
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1.0 INTRODUCTION Islamic financial system are being developed in the implementation and practice in our country today .System Islamic finance in Malaysia accounted for Islamic banking, interbank money market, Islamic insurance, or takaful, Islamic capital markets and financial institutions that provided alternative sources of funding . Islamic jurists consider seriously the core in the tradition Istinbat al-Ahkam (legal formulations) to address current issues such as the question of the driver
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Academic Education Sr. | Certification / Degree | Institution / University | Specialization | Passing Year | 1 | Ms Management Science (Leading to PhD) | University of the Central Punjab | Finance | (Dissertation in Progress) | 2 | B.Com (Hons.) | University of the Punjab | Finance | 2009 | 3 | Intermediate | Crescent College | Pre-Engineering | 2005 | 4 | Matriculation | Crescent Model Higher Secondary School | Science | 2003 | Work Experience Organization : |
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Islamic financial models are unique in that ethics are intertwined with their operations. Islamic governance takes into account the social implications of a business transaction and thereby serves the greater community interests. One of the main tenets upon which Islamic banking law rests is the prohibition on interest or “riba”. The concept is meant to outlaw all forms of wrongdoing and give the financier an interest in the venture. Not only does the doctrine of “riba” prevent the exploitation of
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this country are deeply committed to Islamic way of Life as it is mentioned in Quran and Sunnah. But it is not possible for the people to establish and design their economic lives in accordance with Shariah. The very objective of Shariah is to promote the welfare of the people that lies in safeguarding their faith, their life, their posterity and their wealth. In this regard to establish a banking world that run according to Shariah, the concept of Islamic Banking Arise. Its establishment in Bangladesh
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Islamic Money Market Definition Most of the firms, company and individuals are seeking for the pure markets, which eliminate interest and other prohibited products. In consequence to this, Malaysia especially Central Bank of Malaysia has made an effort of making the Islamic Money Market as one of the vital market as compared to conventional money market. The underlying philosophy of the Islamic Money Market is to further strengthen the institutional structure of Islamic banking operations. Achieve
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Banking plays an important role in the economy of any country. In Bangladesh Muslim holds the majority of the population. Though, no Islamic banking but only traditional banking system was developed here till 1983. However, interest is absolutely prohibited in Islam. The main aim of traditional banking is to earn profit by borrowing and lending money in exchange of interest. As a result there is an unfair competition among the bankers and among the customers. The people of this country are profoundly
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: Strategic Human Resource Management [pic] DBA, IIUC, DC Date of Submission: 5th January, 2014. LETTER OF TRANSMITTAL January 05, 2014 To Ataur Rahman Course Teacher Department of Business Administration International Islamic University Chittagong Dhaka Campus. Subject: Submission of Assignment. Dear Sir, This is a great pleasure to submit the assignment on Islami Bank Bangladesh Ltd. as the
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