dawood islamic bank

8/6/2019 Dawood Islamic Bank

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ACKNOWLEDGEMENT


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INTRODUCTION OF THE BANK


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INTRODUCTION OF THE BANK

The Bank is the result of an initiative of the First Dawood Group who teamed upwith Islamic Corporation for the Development of the Private Sector (ICD)

The bank has been a profitable entity since its inception

Bank officially commenced its operations on Friday, April 27, 2007 in PAKISTAN

Dawood Islamic Bank Limited (DIBL), is Pakistan's sixth full-fledged Islamiccommercial bank

DIBL has a strong Shariah Board headed by renowned scholar Prof. Mufti Munib Ur-Rehman as the banks Shariahs Advisor

DIBL currently has 50 online branches Dawood Islamic Bank Limited is the first and only AA rated Shariah Quality Bank

in Pakistan ('rated by Islamic International Rating Agency'


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AWARDS & ACHIEVEMENTS


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AWARDS & ACHIEVEMENTS

DIBL has won the brand of the year award for the 2009 inIslamic Banking Category, from brand award council,

Pakistan.

DIBL has achieved very fast growth after its inception ascompare to other Islamic banks in Pakistan

DIBL has achieved online network of 50 branches within very

short span of time


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CREDIT RATING

According to JCR -VIS

DIBL entity rating of BBB (Triple B)for medium to long term

A-3 (Triple-A) for short-term.

Its outlook is stable.

According to Islamic International Authority

Sharia quality rating is AA. This rating means that DIBLconforms to very high level of standards of shariarequirements in all aspects of sharia quality analysis


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VISION & MISSION

STATEMENTS


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VISION STATEMENT

To be the best financial servicesprovider of customer-centric Shariahcompliant products and services in

Pakistan


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VISION OF DIBL ON FUTURE BANKING WITH MICROSOFT


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MISSION STATEMENT To serve as a trusted provider of Islamic financial products and

services, by focusing on the following key objectives:

Creating Riba Free, Rewarding, challenging, supporting and trusted work

environment Developing core competence in diversified and innovative product to meet

the growing demand of business community for shari'ah compliantcompetitive products and services

Pro-actively developing and sustaining mutually profitable long termcustomer relationships and creating confidence on shari'ah compliant

products through best banking practices

Supporting and maintaining sustainable growth for clients, shareholders,

employees and the country while meeting our financial goals


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CORPORATE INFORMATION


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BOARD OF DIRECTORS


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BOARD OF DIRECTORS (Cont.)


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SHAREHOLDERS


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MANAGEMENT


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MANAGEMENT (Cont.)


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SHARIAH BOARD MEMBERS


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SHARIAH BOARD


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PRODUCTS & SERVICES


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RETAIL SERVICESPRIMARY SERVICES

VALUE ADDED SERVICES


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PRIMARY SERVICES


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VALUE ADDED SERVICES


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CORPORATE SERVICESFUND BASED PRODUCTS

TRADE FINANCE

NON FUND BASED PRODUCTS


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FUND BASED PRODUCTS


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TRADE FINANCE


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NON FUND BASED PRODUCTS


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CONSUMER SERVICESAL MUSTEQEEM CAR FINANCING

AL MUSTEQEEM HOUSE FINANCING


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CONSUMER SERVICES


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FINANCIAL ANALYSISBALANCE SHEET


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DAWOOD ISLAMIC BANK BALANCE SHEET

AS AT DECEMBER 31,2009 31-2009 31-2008ASSETS

CASH AND BALANCE WITH TREASURY BANKS 675,988418,948

BALANCES WITH OTHER BANKS 577,349 255,703DUE FROM FINANCIAL INSTITUTION 2,856,052 250,040INVESTMENTS 2,861,751 2,045,146

FINANCING 4,763,622 5,639,877OPERATING FIXED ASSETS 600,626 417,364DEFRRED TAX ASSETS 106,269 -OTHER ASSETS 624,251 539,632

ASSETS TOTAL 13,065,908 9,566,710


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31-2009 31-2008LIABILITIES

BILLS PAYABALE 58,263 20,138FINANCIAL INSTITUTION 1,094,375 50,70DEPOSITS AND OTHER ACCOUNTS 6,784,750 5,063,393

DEFRRED TAX LIABILITIES ----- 8,612OTHER LIABILITIES 286,746 349,053

LIABILITIES TOTAL 8,224,128 5,491,900

NET ASSETS 4,841,780 4,074,810


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31-2009 31-2008REPRESENTED BY

SHARE CAPITAL 5,010,458 4,001,333RESERVES 16,751 16,751UNAPPROPRIATED(LOSS) / PROFIT (225,620) 67,007

SURPLUS / (DEFICIT) ON REVALUATION OF FIXED ASSETS 40,191(10,281)

TOTAL 4,841,780 4,074,810


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SWOT ANALYSIS HISTORY


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HISTORY OF SWOT ANALYSIS

SWOT Analysis is a strategic planning tool used to

understand the Strengths, Weaknesses, Opportunities, andThreats involved in a project or in a business

It involves specifying the objective of the business or project and identifying the internal and external factors

that are supportive or unfavorable to achieving thatobjective

This technique is credited to ALBERT HUMPHREY


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SWOT ANALYSIS OF DAWOODBANK


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STRENGHTS


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WEAKNESSES


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OPPORTUNITIES

Islam is fastest growing religion in the world,

Traditional interest based banking losing its value, New markets have been emerged in non Islamicregions.


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THREATS


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PEST ANALYSIS OF DAWOODBANK


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PEST ANALYSIS


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POLITICAL FACTORS


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ECONOMIC FACTORS


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SOCIAL FACTORS


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TECHNOLOGICAL FACTORS


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SUGGESTIONS FORIMPROVEMENTS


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SUGGESTIONS


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CONCLUSION


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CONCLUSION

DIBL is an emerging bank, backed by the strong investmentcompanies It excels in the market with evenly distributed network of

branches, but still it should open more branches. By analyzing the

financial statements of the bank, I came across to know that it is oneof the most growing banks in the subcontinent. Now they shouldcarry on with the present management which too k it from one of theordinary bank to this level. No doubt professionalism and internalcontrols of the bank are one of the major issues which may resultssome major losses to the bank. Bias in hiring and betweencolleagues should be removed. By keeping any eye on its

weaknesses and by reducing those, it would be the best bank in subcontinent.


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SAWAL PUCHAIN JI

dawood islamic bank

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