Professional Documents
Culture Documents
Chronological introduction of
Islamic banking products
1970s
1980s
1990s
Retail Banking
Murabaha
Project Finance
Wadiah
Syndication
PLS Musharaka/
Equity
Mudaraba
2000s
Current
Ijarah
Sukuk
Str. Products
Wealth
Mgmt.
Islamic Banking
PAKISTAN
An Overview
10
Evolution
of Islamic Banking
Islamic Banking in Pakistan has a short
history of 13 years when in 2001 Meezan
Bank started its operations
11
Industry Progress
15
Industry Progress
16
Major Players
Full Fledged Islamic Banks
S.No. Islamic Banks
No of Branches
145
20
85
20
24
14
Total (A)
308
17
B)
17
32
10
14
11
12
Total (B)
105
413
18
Client
Client
money + money
(interest)
19
Bank
Goods
&
Service
s
mone
y
Client
20
21
Conventional Bank
Conventional Bank
23
Conventional Bank
24
Common Misconceptions
25
Common Misconceptions
Islamic banking looks the same as conventional banking
A Halal meat and Haram meat may look exactly the same
But one is permissible while the other is not
26
Common Misconceptions
A fixed rate of return is not permitted under Islamic Shariah
29
Consumer Finance:
Diminishing Musharaka
Ijarah
Murabaha
30
31
32
The HR Outlook
HR
Requireme
nt
No. of
employees
Annual
Growth
rate
2008
2009
2010
2013
24%
14%
33
Mountains to be crossed - I
Enhance access of financial
services to all population
segments
Enhance coverage of financial
services to all Shariah-compliant
sectors
Induce, motivate and draw nonShariah compliant sectors to
Islamic banking
34
Mountains to be crossed - II
Development of standardized
products
Achieve standardization in Shariah
laws, Legal, Regulatory and
Supervisory frameworks
Comprehensive system for interbank liquidity management
Development of Islamic capital
markets
35
Mountains to be crossed - IV
Strengthening of supervision
of Islamic banks:
Shariah-based mindset
critical
Transparency & Disclosure
Risk Management
37
38
39
40