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(Issue 76)
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| Comment |
Islamic
Banking Reflections
|
| Feature |
Third
Executive Development Programme, Farid Scoon
participated in the Institute of Islamic Banking and Insurance's
third Executive Development Programme, held recently.
Here he recounts some of the issues and topics covered
during the week-long programme. |
|
Corporate
Profile
|
Dar
Al-Maal Al-Islami - Increased Profits in 1997
1997 has proved an encouraging year for Dar Al-Maal Al-Islami
(DMI), with operating profits up by 54 per cent, and net
profits up by 42 per cent. HRH Prince Mohamed Al Faisal
Al Saud, Chairman of DMI, has said that he is encouraged
by the resilience of DMI Group during the recent economic
setbacks, and has reiterated his and the Group's commitment
to Islamic finance, promising closer support to the Group's
subsidiaries, stressing the need for efficiency, and emphasising
staff training. |
|
Corporate
Profile
|
Al
Baraka Bank Bangladesh Made Significant Progress in 1997
Al Baraka Bank Bangladesh recorded an increase in gross
income in 1997 of 82.44 per cent. The Bank also recorded
a growth rate of 10.04 per cent with total deposits of
6401.85 million Taka (an increase of nearly 9 per cent),
writes Nasirudding Ahmed. |
| Islamic
Mortgage |
Special
Feature on UBK's 'Manzil' Programme - Improved Terms
for Islamic Mortgage
With the ever-increasing interest and demand in practical
financial services by minority Muslim communities living
in the West, and with the United Bank of Kuwait's Islamic
Investment Unit having just announced improved terms
for its Manzil programme, we take a closer look at the
UK's only 'halal' mortgage, and put some key issues
of concern to Customer Services Manager, Waheed Qaiser.
|
| Book
Review |
A Compendium of Legal Opinions on the Operations
of Islamic Banks
The rulings of particular Shariah advisors have frequently
been misunderstood, and concerns have been expressed
over the lack of consistency between the practices of
different institutions offering financial services.
The publication for the first time of the legal opinions
sought by leading Islamic banks is a very welcome development,
as it will help resolve some of these issues. It brings
unprecedented clarity and transparency.
|
| IIBI
Forum |
IIBI
Shariah Scholars provide answers to questions and issues
pertinent to Islamic banking
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| IIBI
News |
Report on Institutes Activities
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| News
Monitor |
New
Horizon reports on recent developments within the Islamic
financial world
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