1. islamic banking in pakistan

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Essentials of Islamic Finance IU Gulshan Campus, Slide # 1IUIQRA UNIVERSITY

Essentials of Islamic FinanceIQRA University Gulshan Campus. MBA, Fall 2011

IRSHAD AHMAD [email protected]

Course Introduction
mailto:[email protected]:[email protected]


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Contents

Course Introduction: Purpose of the course and Targets to be achieved; Grading policy and genera guidelines;Islamic banking in Pakistan and its global scenario:

History of Islamic banking and recent local and international developments;Criticism and Future outlook: Current economic and financial system and Islamic guidelines on economic

affairs: Current economic and financial systems; Financial techniques and complexities; Myths and wrong understanding of issues and realities;Q and A


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Course Introduction:

Purpose of the course and Targets to be achieved; To create awareness and understanding of the course, its need, its theoriesand practical application;

Attendance policy: Attendance once marked and submitted to management can not be changed

and please do not waste your and my time on this issue; No leave on phone calls;Grading policy and genera guidelines; Mid term: 25;

Final term: 40; Quizzes: 10; Articles (individual): 05; Final presentation: 15; Class participation: 05;

Total: 100;


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Islamic banking in Pakistan and round the glob

History of Islamic banking and recent local and internationaldevelopments; First modern Islamic financial experiment in the world;

Hyderabad Duccan between 1930 ~ 1940;No exact history is available;

Egypt 1960:Dr Abdullah Najjar initiated MitGhamar Bank;Later on it has been merged in Nasir Social bank by Jamal Abdunnasir;

Gulf regeon:Dubai Islamic bank in 1974;

Islamic banking experiment in Pakistan:1980's legal framwork change in banking sectore by president Ziaul Haque;This experiment was a failure due to multiple reasons;

Role of Islamic Ideology Council;

1990's restart;



Financial System and Islam

Current economic and financial system and Islamic guidelines oneconomic affairs: Based on pure logic without any intervention of religion; Many established rules have been broken;

Interest, immorality and liquor are Haram in every religion;

New non-religion based systems have been developed where deviation fromreligion especially Islam is evident;

Current economic and financial systems; Emergence of banks, exchanges and international institutions;

Financial techniques and complexities; Transformation from simple structure to complex;Myths and wrong understanding of issues and realities; Many wrong understanding about emerged and invented system;

Islam and current economic and financial systems;



Why Islamic banking and finance?

What is Islamic?What is Shari'ah?

Is obedience to rules given by Islam essential?



Groups and guidelines

Groups should be made;Announcement of CR;



Questions?

1. islamic banking in pakistan

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