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Islamic Finance

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by

Julia Olivier

on 15 November 2012

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Transcript of Islamic Finance

What do you know about Islamic Finance? First Round When was the modern Islamic banking system created? - before Christ
- during the 13th century Medieval Europe
- in 1940
- in 1970 Which countries are the leaders of IF in the world? Saudi Arabia, Iran, Malaysia In Europe? The United Kingdom - Saudi Arabia, Iran, Malaysia
- Saudi Arabia, Abu Dabi, United Arab Emirates
- Saudi Arabia and Kuwait - the United Kingdom
- France
- Spain What is the main difference between Western country and Islamic finance? Money + Interest More Money Money + Asset/Real Factor More Money Second round Please welcome
Mr. Nasser Al Khelaifi How do we call the moral and religious code to which Islamic Finance is attached? Sharia Find back which principles are directly attached to Sharia law 1. forbids lending out money at interest (“Riba”)

2. risk-sharing

3. risk-transfer

4. no additional penalties for late payment

5. strict collateral for whatever loan (“Murabaha”)

6. exclude inacceptable transactions (alcohol, pork)

7. finance reserved to men only

8. uncertainty must be avoided (gharar)

9. Speculation and gambling are prohibited Find back which principles are directly attached to Sharia law 1. forbids lending out money at interest (“Riba”)

2. risk-sharing

4. no additional penalties for late payment

5. strict collateral for whatever loan (“Murabaha”)

6. exclude inacceptable transactions (alcohol, pork)

8. uncertainty must be avoided (gharar)

9. Speculation and gambling are prohibited Let's watch how the Islamic Finance principles works "Murabaha"
Cost plus "Ijara"
Leasing "Mudharaba"
Profit sharing Financial instruments How can we transpose our instruments into the islamic finance in order for them to be sharia-compliant Where can I invest? Perspectives - Limits Islamic Funds Insurance funds A forward ? An ABS An option call ? Arbun Sukuk Istisna Salam Last Round Groups' presentation

What is the main limit of the islamic bank model for the coming years? Islamic Financial Service Board
- on-balance sheet assets
- stronger capital buffer
Full transcript