Islamic banking
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1) Islamic banking provides interest-free banking products that comply with Sharia law, including profit and loss sharing arrangements. It emerged in the 1970s due to factors like Arab nationalism, oil wealth, and individual choice. 2) Common Islamic banking products include short-term working capital financing, medium-term sales financing, syndicated financing, and sukuk (Islamic bonds). Mortgages are offered through diminishing musharakah, where the bank and customer jointly purchase a property. 3) The Islamic finance market has grown significantly, with over $700 billion in assets and $100-200 billion in liquid funds seeking Sharia-compliant investments. The industry is working to develop new
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![Issuer
Dar Al-Arkan International Sukuk Company (a limited liability
company incorporated in the Cayman Islands)
Guarantor Dar Al-Arkan Real Estate Development Company (Dar Al-Arkan)
Issue 5 Year US$[*] Trust Certificates due 2012
Maturity 5 years, bullet
Floating Rate 3-month US$ LIBOR
Coupon US$ LIBOR plus 225bps
Public Listing
Application made to Dubai International Financial Exchange (DIFX)
and Labuan International Financial Exchange (LFX)
Issue Type Sukuk Al-Ijara
Governing Law
Saudi law for property-related documents
English law for Trust Deed and Certificates
Joint Lead Managers
and Joint Bookruners
ABC Islamic Bank (E.C.); Arab National Bank; Deutsche Bank AG;
Dubai Islamic Bank PJSC; Gulf International Bank B.S.C.; Kuwait
Finance House (Malaysia) Berhad; Unicorn Investment Bank,
B.S.C. (c)
(4) SUKUK SUMMARY](https://image.slidesharecdn.com/islamicbanking-130717103310-phpapp02/85/Islamic-banking-18-320.jpg)
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Profiling in Odoo identifies slow code and resource-heavy processes, ensuring better system performance. Odoo code profiling detects bottlenecks in custom modules, making it easier to improve speed and scalability.How to Manage Different Customer Addresses in Odoo 18 Accounting
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A business often have customers with multiple locations such as office, warehouse, home addresses and this feature allows us to associate with different addresses with each customer streamlining the process of creating sales order invoices and delivery orders.SCHIZOPHRENIA OTHER PSYCHOTIC DISORDER LIKE Persistent delusion/Capgras syndr...
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University of Ghana Cracks Down on Misconduct: Over 100 Students Sanctioned
This is why students from these 44 institutions have not received National Se...
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This is why students from these 44 institutions have not received National Service PIN codes (LIST)Plate Tectonic Boundaries and Continental Drift Theory
Plate Tectonic Boundaries and Continental Drift TheoryMarie
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This 28 slide presentation covers the basics of plate tectonics and continental drift theory. It is an effective introduction into a full plate tectonics unit study, but does not cover faults, stress, seismic waves, or seafloor spreading.
To download PDF, visit The Homeschool Daily. We will be uploading more slideshows to follow this one. Blessings, Marie Q1_ENGLISH_PPT_WEEK 1 power point grade 3 Quarter 1 week 1
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Grade 3 Quarter 1 Week 1 English part 2Birnagar High School Platinum Jubilee Quiz.pptx
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Birnagar High School Platinum Jubilee Celebration QuizTHE PSYCHOANALYTIC OF THE BLACK CAT BY EDGAR ALLAN POE (1).pdf
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Psychoanalytic Analysis of The Black Cat by Edgar Allan Poe explores the deep psychological dimensions of the narrators disturbed mind through the lens of Sigmund Freuds psychoanalytic theory. According to Freud (1923), the human psyche is structured into three components: the Id, which contains primitive and unconscious desires; the Ego, which operates on the reality principle and mediates between the Id and the external world; and the Superego, which reflects internalized moral standards.
In this story, Poe presents a narrator who experiences a psychological breakdown triggered by repressed guilt, aggression, and internal conflict. This analysis focuses not only on the gothic horror elements of the narrative but also on the narrators mental instability and emotional repression, demonstrating how the imbalance of these three psychic forces contributes to his downfall.Pests of Maize: An comprehensive overview.pptx
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Maize is susceptible to various pests that can significantly impact yields. Key pests include the fall armyworm, stem borers, cob earworms, shoot fly. These pests can cause extensive damage, from leaf feeding and stalk tunneling to grain destruction. Effective management strategies, such as integrated pest management (IPM), resistant varieties, biological control, and judicious use of chemicals, are essential to mitigate losses and ensure sustainable maize production.ECONOMICS, DISASTER MANAGEMENT, ROAD SAFETY - STUDY MATERIAL [10TH]
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Prof. Leonel and Prof. Dennis approached educational uses, practices, and strategies of using immersion as a lens to interpret, design, and planning educational activities in a sustainable way. Rather than one-off gimmicks, the intent is to enable instructors (and institutions) to be able to include them in their regular activities, including the ability to evaluate and redesign them.
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Battle of Bookworms is a literature quiz organized by Pragya, UEM Kolkata, as part of their cultural fest Ecstasia. Curated by quizmasters Drisana Bhattacharyya, Argha Saha, and Aniket Adhikari, the quiz was a dynamic mix of classical literature, modern writing, mythology, regional texts, and experimental literary forms. It began with a 20-question prelim round where star questions played a key tie-breaking role. The top 8 teams moved into advanced rounds, where they faced audio-visual challenges, pounce/bounce formats, immunity tokens, and theme-based risk-reward questions. From Orwell and Hemingway to Tagore and Sarala Das, the quiz traversed a global and Indian literary landscape. Unique rounds explored slipstream fiction, constrained writing, adaptations, and true crime literature. It included signature IDs, character identifications, and open-pounce selections. Questions were crafted to test contextual understanding, narrative knowledge, and authorial intent, making the quiz both intellectually rewarding and culturally rich. Battle of Bookworms proved literature quizzes can be insightful, creative, and deeply enjoyable for all.Communicable Diseases and National Health Programs Unit 9 | B.Sc Nursing 5t...
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This PowerPoint presentation covers Unit 9 Communicable Diseases and National Health Programs, a core part of the 5th Semester B.Sc Nursing (Community Health Nursing I) syllabus, as outlined by the Indian Nursing Council (INC).
This unit enables nursing students to understand the epidemiology, prevention, control, and nursing management of common communicable diseases in India, while also offering a structured overview of the National Health Programs implemented to address them.
The content is critical for effective field practice, disease surveillance, early detection, referral, and health education, equipping students to participate in public health interventions and outbreak control at community and national levels.
Key Topics Covered in the PPT:
Definition and classification of communicable diseases
Modes of transmission and chain of infection
Common communicable diseases in India:
Malaria
Tuberculosis
Leprosy
Dengue
HIV/AIDS
Hepatitis
COVID-19 (if included in the current curriculum)
Diarrheal diseases
Acute Respiratory Infections (ARIs)
Epidemiological factors, causative agents, symptoms, and incubation periods
Prevention and control strategies: primary, secondary, and tertiary levels
Nursing responsibilities in patient care, contact tracing, community surveillance, and outbreak control
Health education and behavior change communication for community awareness
Vaccination schedules and cold chain maintenance
National Health Programs related to communicable diseases:
National Vector Borne Disease Control Program (NVBDCP)
Revised National Tuberculosis Control Program (RNTCP)
National Leprosy Eradication Program (NLEP)
National AIDS Control Program (NACP)
Universal Immunization Program (UIP)
IDSP Integrated Disease Surveillance Program
Overview of standard treatment protocols, referral mechanisms, and community nurses role in program implementation
This presentation is ideal for:
Nursing students preparing for university exams, class tests, and field projects
Tutors teaching infectious disease nursing and public health interventions
Nurses involved in immunization, outbreak investigation, and contact tracing
It provides a student-friendly breakdown of concepts, aligned with national priorities, including flowcharts, tables, case examples, and simplified text for field-level application.LDMMIA Practitioner Student Reiki Yoga S2 Video PDF Without Yogi Goddess
LDMMIA Practitioner Student Reiki Yoga S2 Video PDF Without Yogi GoddessLDM & Mia eStudios
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A bonus dept update. Happy Summer 25 almost. Do Welcome or Welcome back. Our 10th Free workshop will be released the end of this week, June 20th Weekend. All Materials/updates/Workshops are timeless for future students.
Your Attendance is valued.
We hit over 5k views for Spring Workshops and Updates-TY.
Coming to our Shop This Weekend.
Timeless for Future Grad Level Students.
Practitioner Student. Level/Session 2 Packages.
* The Review & Topics:
* All virtual, adult, education students must be over 18 years to attend LDMMIA eClasses and vStudio Thx.
* Please refer to our Free Workshops anytime for review/notes.
* Orientation Counts as S1 on introduction. Sold Separately as a PDF. Our S2 includes 2 Videos within 2 Mp4s. Sold Separately for Uploading.
* Reiki Is Japanese Energy Healing used Globally.
* Yoga is over 5k years old from India. It hosts many styles, teacher versions, and its Mainstream now vs decades ago.
* Teaching Vod, 720 Res, Mp4: Yoga Therapy is Reviewed as a Hatha, Classical, Med Yoga (ND) Base. Take practice notes as needed or repeat videos.
* Fused Teaching Vod, 720 Res, Mp4: Yoga Therapy Meets Reiki Review. Take Practice notes as needed or repeat videos.
* Video, 720 Res, Mp4: Practitioner Congrats and Workshop Visual Review with Suggestions.
Bonus Studio Video, 720 Res, Mp4: Our 1st Reiki Video. Produced under Yogi Goddess, LDM Recording. As a Reiki, Kundalini, ASMR Spa, Music Visual. For Our Remastered, Beatz Single for Goddess Vevo Watchers. https://www.reverbnation.com/yogigoddess
* Our Videos are Vevo TV and promoted within the LDMMIA Profiles.
* Scheduled upload for or by Weekend Friday June 13th.
* LDMMIA Digital & Merch Shop: https://ldm-mia.creator-spring.com
* As a student, make sure you have high speed connections/wifi for attendance. This sounds basic, I know lol. But, for our video section. The High Speed and Tech is necessary. Otherwise, any device can be used. Our Zip drive files should serve MAC/PC as well.
* On TECH Emergency: I have had some rare, rough, horrid timed situations as a Remote Student. Pros and Cons to being on campus. So Any Starbucks (coffee shop) or library can be used for wifi hot spots. You can work at your own speed and pace.
* We will not be hosting deadlines, tests/exams.
* Any homework will be session practice and business planning. Nothing stressful or assignment submissions.
How to Manage Inventory Movement in Odoo 18 POS
How to Manage Inventory Movement in Odoo 18 POSCeline George
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Inventory management in the Odoo 18 Point of Sale system is tightly integrated with the inventory module, offering a solution to businesses to manage sales and stock in one united system.Ad
Islamic banking
- 1. Islamic Banking Products & Operations A practical introduction
- 2. CONTENT OF PRESENTATION Understanding the context Looking at the products Concluding Remarks
- 3. What is Islamic Banking? What prompted Islamic Banking? Origins of Islamic Banking Islamic Finance Perspectives UNDERSTANDING THE CONTEXT
- 4. WHAT IS ISLAMIC BANKING? Interest free banking? Profit and loss sharing? Ethical banking?
- 5. WHAT PROMPTED ISLAMIC BANKING? Emergence of Arab nationalism and the search for identity Oil shocks and petrodollars Privatization and the individuals right to choose
- 6. Quran Hadith & Sunna Interpretation by Shariaa Scholars Sayings of the Prophet Teachings & Life style of the Prophet i) Sahih Al-Bokhari ii) Sahih Muslim 1) Hanbaly 2) Shafei 3) Hanafi 4) Maliki Two Sects of Islam Sunnah Shiah 5) Ithna-Ashriah Qiyas - Ijtehad Ijmaa Surah Verse(s) Al-BAQARRAH (#2) 275-279 AN-NESSA (#4) AL-EMRAN (#3) AR-RUM (#30) 130 161 39 ORIGINS OF ISLAMIC BANKING
- 7. ISLAMIC FINANCE PERSPECTIVES 1.5 billion Muslims (20% of population) Fastest growing and one of most active religions Modern Islamic Banking started in the mid-70s, although financing principles pre-date Islam Financial assets now around US$ 700 billion Liquid Funds in the Islamic Markets looking for quality assets are around US$ 100 200 billion Market is growing at 15% pa
- 8. LOOKING AT THE PRODUCTS Islamic Finance Principles Short Term Working Capital Medium Term Sales Financing Syndication Islamic Securitization Islamic ABS Islamic Mortgages Islamic Funds
- 9. ISLAMIC FINANCE PRINCIPLES Financiers are linked to the underlying transaction Not permitted finance of activity related to: - alcohol, pork, drugs, gambling, etc - speculation or unjustified enrichment Money is not a Commodity in itself, merely reflecting Time Value for a return Hence, no receipt or payment of Interest (Riba) Transactions must be transparent with all details agreed in advance and ownership undisputed
- 10. (1) WORKING CAPITAL COMMODITIES MURABAHA FOR SAUDI CORPORATE Saudi Corporate (SC) requires US$ 20 million from Islamic Bank (IB) for 3 months under Master Agreement which sets out procedures and means of fixing pricing SC contracts to buy via IB an amount of a commodity with a cash price of US$ 20 million on deferred term of 3 months IB contracts to sell the commodity on behalf of SC for US$ 20 million cash and passes cash to SC SC contracts to pay IB for the commodity after 3 months at the cash price plus an agreed mark up
- 11. Saudi Corporate Islamic Bank Commodity Broker Deferred obligation of $ 20 million + mark up (3 months) Buys commodity on deferred terms Sells commodity for cash Cash price ($ 20 million) Commodity for cash Commodity for cash (1) WORKING CAPITAL COMMODITIES MURABAHA FOR SAUDI CORPORATE
- 12. (2) LIBYAN CONSTRUCTION EQUIPMENT FINANCE TRANSACTION A $ 40 million facility to finance equipment for a project in Libya LCs issued initially to finance the purchase and import of construction equipment from Italy and elsewhere used on the project LCs converted into Murabaha leverage financing during 2007 Was initially to be an Islamic lease/Ijara contract but there were tax and legal uncertainties surrounding this Facility amortization over 5 years commenced July 2007
- 13. (2) LIBYAN CONSTRUCTION EQUIPMENT FINANCE TRANSACTION ABCIB Suppliers ClientContractor Equipment Contract payments Opens Letters of Credit $ payments Makes payments against documents Supply goods / equipment
- 14. (3) SYNDICATED FINANCING REVOLVING MURABAHA FOR KUWAITI CORPORATE 3 year revolving facility $ 100 million with ABC Islamic Bank as Investment Agent (underwriter and arranger) Series of individual murabaha transactions with payment of profit only on individual transactions; conventionally a bullet payment of principal at maturity
- 17. (4) SUKUK ISSUE ISLAMIC ABS; SAUDI HOUSEBUILDER Dar Al-Arkan is a major Saudi builder Requirement for raising finance to develop houses to meet underserved Saudi market In 2007 raised $ 1.6 billion in two sukuk issue Complexity because of Saudi law on property ownership Total market of approx $ 100 billion of sukuk in issue end 2007
- 18. Issuer Dar Al-Arkan International Sukuk Company (a limited liability company incorporated in the Cayman Islands) Guarantor Dar Al-Arkan Real Estate Development Company (Dar Al-Arkan) Issue 5 Year US$[*] Trust Certificates due 2012 Maturity 5 years, bullet Floating Rate 3-month US$ LIBOR Coupon US$ LIBOR plus 225bps Public Listing Application made to Dubai International Financial Exchange (DIFX) and Labuan International Financial Exchange (LFX) Issue Type Sukuk Al-Ijara Governing Law Saudi law for property-related documents English law for Trust Deed and Certificates Joint Lead Managers and Joint Bookruners ABC Islamic Bank (E.C.); Arab National Bank; Deutsche Bank AG; Dubai Islamic Bank PJSC; Gulf International Bank B.S.C.; Kuwait Finance House (Malaysia) Berhad; Unicorn Investment Bank, B.S.C. (c) (4) SUKUK SUMMARY
- 19. Sale Proceeds (US$) Sale of Real Estate Assets (Transfer of Title Deeds) Issue Proceeds (US$) Guarantee 5 Year Lease (Use of Real Estate Assets) Lease Payments On-shoreOffshore Certificates Payment for Real Estate Rights (US$) Transfer of Real Estate Rights SAUDI SPV Dar Al-Arkan ISSUER (Dar Al-Arkan International Sukuk Co.) SUKUK HOLDERS (4) TRANSACTION STRUCTURE (SUKUK AL IJARA)
- 20. (5) CONTAINER SUKUK ISSUE Al Hamila is an ABC established SPV which owns shipping containers Al Hamila finances its purchases through the issue of floating rate and fixed rate sukuk. The sukuk coupons match the profit of underlying leases Client (shipping company) gets lease finance with funds raised from Arab and International markets
- 22. (6) ISLAMIC MORTGAGES DIMINISHING MUSHARAKA Requirement for British Muslims to buy their own houses without borrowing at interest Approximately 2 million Muslims in UK with potential mortgage market size of 贈 6 billion Marketed under the alburaq brand Bank and customer buy the property jointly and over period Bank sells its share to customer; Bank charges rent on the share that it owns Rent re-fixed semi-annually vs. Libor benchmark
- 23. Property / Asset Customer (20% share) (Customer Share) Bank (80% share) (Banks Share) (6) DIMINISHING MUSHARAKAH / IJARAH STRUCTURE Customer Bank Customer (as tenant) Banks Share Increasing ownership Acquisition cost instalments to purchase 80% share Joint Purchase Based on Shirkat- al-milk. Bank takes title Customer agrees to repay principal by the buying over time, the Banks share. Consequently the customers ownership interest in the property increases and the Banks decreases The Customer leases the Banks share, with periodic adjustments made to rental to reflect the fact that a reducing bank share is being leased Rental Lease of reducing Banks share
- 24. ISLAMIC INVESTMENT PRODUCTS 320 Worldwide; top 93 Islamic Equity Funds 31 Islamic Income Funds 18 Islamic Real Estate Funds 10 Islamic Balanced Funds 7 Islamic Leasing Funds 5 Islamic Commodity Funds 4 Islamic Funds of Funds 3 Islamic Index Funds 3 Islamic Murabaha Funds 3 Islamic Growth Funds 3 Islamic Hedge Funds 2 Islamic Hybrid Funds 1 Islamic Infrastructure Funds 1 Islamic Mutual Funds 1 Non Investment Islamic Fund 1
- 25. CONCLUDING REMARKS Matching needs of surplus with shortage Oil price, available Sharia technology, volatility in home markets create supply Credit crunch (possibly short tem), desire for diversification as a strategy, more familiarity with Sharia compliance create appetite Potentially more benign regulatory treatment Potential for investment products and serving local market needs (10 million-plus Muslims in Western Europe)
- 26. AIMAN MUJTABA