ORGANIZATIONAL STRUCTURE OF YAMEEN ISLAMIC BANK

Marketing Coordinator
S. Masood Ali Shah

Manager Training & Manager Business

Manager Needs
Development Development &
Assessment
Customer Services
Tanzeel ur Rehman Nida Qasim
Muhammad Qasim

Product
Manager Strategy Manager Customer
Manager Network Structuring
Formulation Feedback
Khalid Gohar & Research
Sidra Imtiaz Shafqat
Adil Said

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SHARIA BASED PRODUCT DESIGN & DEVELOPMENT
SERVICE DEPARTMENT
MBA - ISLAMIC BANKING & TAKAFUL (2016-18)
INSTITUTE OF MANAGEMENT SCIENCES, PESHAWAR
Background of Al Yameen – Sahara Product

The government of Pakistan has already conscripted a new industrial policy, aiming to revitalize the

1909 (approx.) sick industrial units across the country. Concluding from the statistics provided by

industries departments of all provincial governments, about 1909 industrial units gone sick attributable

to a variety of reasons. The data provided by the concerned officials endorsed the closure of these

industrial units were due to financial crunch, problem of liquidity management, outstanding obligations

of commercial banks, poor law and order situation with all these backed by the energy crises. Out of the

total 1909 sick industrial units; 568 units are in Khyber Pakhtunkhwa. Subsequently, a major chunk of

workers rendered jobless. The new Industrial policy, after its approval and proper execution, may aid in

reviving sick industrial units, enhancing the productivity / net exports and henceforth, in creating better

job opportunities for people of the region.

Role of Yameen Bank under Industrial revitalization:

Yameen Islamic Bank aims to tap the large, untapped market of helping out the Sick Industry in shape

of Financial Support, Consultancy services arrangement and some other allied activities which will

consequently add a significant positive impact over the Industrial revolution in Pakistan. Yameen-

Sahara is the first very Commercial Financing product of Yameen Bank. It is based on Islamic Financing

mode of Istisna. Under the subject mode of financing, the Cotton Mills at first instant will be targeted in

term of supporting & revamping its financial structure.

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SHARIA BASED PRODUCT DESIGN & DEVELOPMENT
SERVICE DEPARTMENT
MBA - ISLAMIC BANKING & TAKAFUL (2016-18)
INSTITUTE OF MANAGEMENT SCIENCES, PESHAWAR
Conceptual Framework of Yameen – Sahara Product

ISTISNA Mode of Financing

(Bank Spread)

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SHARIAConsultants
Top Management BASED PRODUCT DESIGN & DEVELOPMENT
SERVICE DEPARTMENT
MBA - ISLAMIC BANKING & TAKAFUL (2016-18)
INSTITUTE OF MANAGEMENT SCIENCES, PESHAWAR
 Sailent Features

 Financing: The Al-Yameen Islamic Bank will provide the Financial Support to the Industrial Unit.

 Mode of Financing: Istisna Mode will be used in order to exercise the operations. The Bank will

arrange Financing at different level / stages of production in order to safeguard it financing.

 Parallel Istisna: A Parallel Istisna with wholesaler will be furnished.

 Mortgage: The entire operations will be backed by the Fixed Assets like Land, Building &

Machinery of the Industry.

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SHARIA BASED PRODUCT DESIGN & DEVELOPMENT
SERVICE DEPARTMENT
MBA - ISLAMIC BANKING & TAKAFUL (2016-18)
INSTITUTE OF MANAGEMENT SCIENCES, PESHAWAR
  Bank Profit: Bank Spread will be the profit from operations. At start-up, under penetration

strategy, the Bank will have a low profit margin while a progressive increase with the passage of

time.

 Consultants: A Second arrangement between Al-Yameen Islamic bank & Financial / Technical

Consultants will be made on Mudarabah basis. The Bank will serve as Rabul-Maal and the

consultants on other part will take part as Mudarabh i.e. will provide their professional services

at top management of the Unit in order to revamp / restructure the loopholes. The Consultants

will be awarded their remuneration against services provided.

 Consultants’ Fee: The Consultant’s Fee once paid by the Bank will be recovered from the Unit

along with a specific %age of profit on account of banking intermediary services.

 Payment Schedule: Consequent upon the final approval of the Consultants, an installment for

each next phase will be issued to the Unit under Istisna mode.

 Business Cycle: The Bank and Industrial unit will tie under Istisna till completion of the complete

Business Cycle.

 Default: The Bank will suppose to confiscate all the mortgaged assets to recover its amount

advanced, in case of loss, if any.

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SHARIA BASED PRODUCT DESIGN & DEVELOPMENT
SERVICE DEPARTMENT
MBA - ISLAMIC BANKING & TAKAFUL (2016-18)
INSTITUTE OF MANAGEMENT SCIENCES, PESHAWAR