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` 1500 years of development.

` During Classical period, commerce flourished under

Islamic commercial law.

` Development languished under impact of colonialism and

huge Western firms.

` Revival began in 1960s.


   

 

` Dubai Islamic Bank - 1975

` modest beginnings

` Initiated by businessmen who did not want to deal with

interest based system

` Hostile environment
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` Increasing rapid growth and sophistication.

` Challenged by conventional banking system

` Lack of public awareness


^ ^
` u00 + Islamic financial institutions

` $ 500 - 800 bn in funds

` Islamic banking by major academic institutions


^ ^
` Important database system (HIFIP)

` Standards for the Industry (AAOIFI)

` Recognition by IMF, World Bank and Basel Committee


 

  
  


 

` ood opportunity for investment

` Challenge to the conventional interest-based Capitalistic

System

` Demand of Muslim population in many countries outside

the Muslim world.






` Widely used and flexible tool in international finance.

` Devout Muslims have been locked out of many individual

financial vehicles.

` Many personal alternatives now available


   


` In the West, Religion/Ethics/Legal only loosely overlap.

` Islamic ^  encompasses all three.

` ^  is the body of islamic principles with respect to

lifes activities.
   


` Derived from three sources:

` * , revelations from od.

` ^  , authenticated sayings and actions of the

Prophet (Peace be upon him)

`  


   
   

 
 * ^ 
  


   
 


 

 

 
 


Conventional
  


   
 


    


 

lamic
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Buying & Selling

` r Investment management

` r  Partnership

`  : Leasing

` a  : Agency

`  Contract of works
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%   

` Avoidance of prohibitions

` Ensuring that the contract have all their essential

elements with their necessary conditions


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he prohibitions are:

` Producing and trading of impure materials,

` Producing and trading of materials which are of no


use,

` harar,

` Riba ands

` Involvement of gambling
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` Financial services are growing fast in the world.

` Year 1998 the finance institution and insurance represented

7.98% from DP of UAE

` Year 2001 the finance sector had grown to reach 11%,

which shows the level of financial services in the country.

` his presentation includes information about the  

Analysis
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@nown and trusted for our high standards of corporate
responsibility, we are committed to building a
sustainable business through social inclusion,
environmental protection and good governance.
^&
 
` Political Factors

` Economic Factors

` Socio culture factors

` echnical Factors
    

 hreat of New entrants

 Rivalry among Existing firms

 Bargaining power of buyers

 Bargaining power of suppliers

 hreat of Substitute products or


services

' 


 Economy of Scale

 Product Differentiation

 Legal Barriers
 

 (    

 Equally balanced

Competitors

 Lack of differentiation

 Diverse Competitors


 
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