murrwajah islami bankari (dar ul uloom binori town, karachi) || australian islamic library ||

www.banuri.edu.pk

www.ba

nuri.e

du.pk

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........................................................................ ....................... Weightage ........................................................................ .................................................... ...............................................

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............................. Charity fund ............................................................

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-

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å

ç

é

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6-1

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(Joint commercial enterprises)

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Financing System

Banking Rules

(Profit) (Services) Leasing

Ordinary Leagal device

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(mode of Financing)

(M od e o f

Financing)

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modes of Financing

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Bank & Islam

Capitalism

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(Mode of Financing)

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Profit and lose sharing

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.

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(PRODUCTS)

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n

Economics

Charity

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n

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n

(Deffective

Transactions)

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n

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Products

(Islamic

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Windows)

Modes of Financing

Financing Modes

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Client

Agreement

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Clients

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(Capital)

(Security Deposit)

(Client)

(Juristic Person)

(Limited Liability)

(Agreement) Clientes

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Depositer

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P r o s p e c t u s

Policy Chart

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2006 3

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30

2003 14 2006 3 2006 3

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2006 3 2007 2

2007 2

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Project

Collateral

Procedural

Market Rate

2006 3

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(Islamic (Conventional Banking) Banking)

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(Riba Free Islamic Banking)

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(Over-Night Period)

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LIBOR

-

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(Legal Devices)

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Juristic person

(Transaction)

(Mudharabah & Musharakah)

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Joint trade Enterprise

(Diminishing Musharakah)

(Murabahah )

(Credit sale)

(Short Long term term)

Leasing

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(Salam & Istisna)

(Juristic Person)

(Limited Liabilities)

(Services)

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(mode of Financing)

(Corporate Law Authority)

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(Agent) (Share holders)

(Sleeping Partners)

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Limited Liabilities

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(Investor)

(Working Partner)

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(Loan &

Debt)

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-

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(Prospectis)

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Unl im i ted Liabilities

Investor

Juristic Person

Present Assets

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-

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Limitation

-

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-

-

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-

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No doubt, the concept of 'limited liability' is beneficial

the share holders of the company. but at the same

time, it may be injurious to the creditors. If the

liabilities of a limited company exceed its assets, the

company becomes insolvent and is consequently

liquidated, the creditors may lose a considerable

amount of their claims, because they can only

receive the liquidated value of the assets of the

company, and have no recourse to its share-holders

for the rest of their claims, Even the directors of the

company who may be responsible for such an

unfortunate situation cannot be held responsible for

satisfying the claims of the creditors (1)

(1): An Introduction to islamic Finance.Page:.222 By Muhammad

Taqi Usmani. Maktaba Maariful Quran.

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.

-

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(Bill of Exchange)

-

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- - -

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Joint Stock Sceme

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Financing modes

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(Client)

(capital)

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Juristic Person

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-

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LIBOR

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(Profit and ! loss Sharing)

Secondry

, Pain Killer First Aid

First Aid

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Ordinary Legal Devices

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Working Partner

( U n - L i m i t e d ) Investor

Working Partner (Juristic Person) Investor

(Limited)

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"All funds deposited in the account to

be opened pursuant to this application.

and all transactions in relation theretro will

be governed by the Terms and Conditions

for Accounts and Services, Policies of

Meezan Bank Ltd. and all laws,

regulations,rules, decrees, by-laws,

applicable to Meezan Bank Ltd. including

regulations, directions and circulars,

issued by the State Bank of Pakistan and

all amendments that may be made from

time to time to all or any of the above.

I/We agree to provide any documents

requested by Meezan Bank Ltd....[etc.]

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Will my investment at Al-Meezan be

secure?

Al-Meezan is an investment bank

regulated by the rules of the State

[etc] bank of Paksitan.

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Modes of Financing

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Uncertainty of Transaction

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21. CHARGES AND EXPENSES

21.1 The Bank may, without any further

express authorization from the Customer,

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debit any account of the Customer

maintained with the Band for:

(i) All expenses , fees, commissions,

taxes, duties or other Charges and losses

incurred, suffered or sustained by the

Bank in connection with the

opening/operation/ maintenance of the

Account and/or providing the services

and/or for any other banking service wich

the Bank may extend to the Customer.

(ii) The amount of any or all

losses,claims, damages,costs, charges,

expenses or other amounts which the

Bank may suffer, sustain or incur as a

consequence of acting upon the

Instructions.

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-

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(Daily Product Basis)

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Current Account

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Weightage

(Weightage)

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Weightage

Weightage

Value

-

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Project

Collateral

Procedural

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Transaction Value of Diminishing Musharakah

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Murabahah and Ijarah As A Financing mode

Mode of Financing

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-

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(Legal devices)

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-

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(Bill of

Exchange)

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(Risk and Possission)

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Agent

Sale by Action Bargaining

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(Counter Parties)

-

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Murabhah Shariah, and it's Risks in banking Murabahah

A d v a n c e

Agreement

"Appendix BN to Master Murabaha

Agreement

To Meezan bank

Dear Sirs,

.... we request you to acquire the assete...

under the following terms and conditions:

i We shall imediataly acquire the assets

from you...failing which we undertake to

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compensate you for any actual loss

suffered ...[etc.]

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Saler Buyer (Agent)

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Offer & Acceptance

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Commodity Lessee

Lease

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Sale

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Charity

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Operational modes

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(Lessar)

(Lessee)

-

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Commodity (Lessee)

(Lessar)

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Defective

(Trustee)

-

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(financial Lease)

(Owner/Leaser)

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Leasing

-

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Rent

Mark-up

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Charity fund

Agreement

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Undertaking of Charity

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(Promisor)

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(Promisee)

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Penalty ( C h a r i t y )

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Fees Default Policy

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(Pledge)

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(Loan)

(Deferring)

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(Secondary Bases)

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Modes of Financing

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(Operational Mode of financing)

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(Stock Exchange)

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(Charity) Penalty

(Mark-up)

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(Rent)

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Challenge

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(Over-night Period)

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-

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(Trade & Financing)

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30 3

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First Aid

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Products

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Banking system

Challenge

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Prospectus

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General Knowledge

Direct

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Language of Banking System)

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Information Reciption

Governer State bank of Pakistan

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Surgery

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Books Author Publisher

An Introduction to

Islamic Finance.

Justice Muhammad

Tiqi Usmani

Idardtul-Ma,arif

Islamic banking Dr. Imran Ashrfaf Usmani Meezan Bank

Let's Learn Islamic banking Bank al .Islami

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