Islamic banking Essays

  • Takaful Insurance Case Study

    2995 Words  | 12 Pages

    1.0 INTRODUCTION 1.1 BACKGROUND OF STUDY The Arabic word for insurance is tamein which means to reassure or guarantee through indemnification of losses. As a concept, insurance does not oppose the Islamic principles since it is principally a system of mutual help. Nevertheless, conventional insurance use voidable (fasid) contracts called policies through which individuals or firms receive indemnification against losses. It is prohibited because it involves the elements of gharar (ambiguity), maysir

  • Case Study: HSBC Limited

    747 Words  | 3 Pages

    HSBC is an acronym for Hongkong (H) and Shanghai (S) Banking (B) Corporation (C) and founded in 1865 to finance trade between Europe and Asia. HSBC Plc., formerly known as HSBC Limited, is a British-based multinational banking and financial services firm with headquarter in London. In its present form, HSBC Plc. act as a new group holding company. HSBC unlocked its doors for business in Hong Kong in March 1865 and currently, it embraces clients all over the world. HSBC (2012) report revealed

  • Why Is Jp Morgan Successful

    755 Words  | 4 Pages

    clear what J.P. Morgan did to set the stage for continuous success for JPMorgan Company. Now, let's go deeper into this founder’s greatest successes that give more detail about J.P. Morgan’s control of the entire American Economy. J.P. Morgan was a banking titan. During the late 19th century, a period when the U.S. railroad industry experienced rapid overexpansion and heated competition

  • Goldman Sachs Group Analysis

    987 Words  | 4 Pages

    The Goldman Sachs Group, Inc. is a leading global investment banking, securities, and investment management firm. It provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world (, 2018). From 2005 to 2007, Goldman issued and underwrote many mortgages

  • Differences In Banking Crisis

    1835 Words  | 8 Pages

    Bank crisis. Differences in banking structure US economy in the 1920s: There were two ways in which commercial banks could be characterised, i.e. nationally chartered banks and banks that were chartered by states. As branching was strictly forbidden by national regulators and most state regulators, this led to a majority of banks being unit banks. Unit banks were a serious problem in the twentieth century Great Depression especially, as it was “a system of banking in which the government restricts

  • Role Of Information Technology In Banking Performance

    1614 Words  | 7 Pages

    COMMERCIAL BANK PERFOMANCE CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Over the years, many innovations have taken place in the world, the most outstanding and most celebrated is the facet of information technology. In late 20th century, the banking industry consisted of a large number operating in geographically distinct local markets. Products and services — primarily taking deposits and making loans — were delivered via the branch, which emphasized face-to-face contact with customers. These

  • Competitive Advantage Of State Street Company

    1196 Words  | 5 Pages

    Street Corporation or more commonly known as State Street or ‘the group’ is a financial holding company. According to Market Line (2013) it operates through many different companies that fall under the State Street Corporation., This includes the banking subsidiary State Street Bank and Trust Company. The group provides many different services. These services include such custody, investment management, fund accounting, securities lending, hedge fund services, transfer agency services and operations

  • Jp Morgan Case Study

    1471 Words  | 6 Pages

    Morgan joined a London based banking business headed by George Peabody. Junius took control of this firm and later changed its name to J.S. Morgan & Co. in 1864 after George Peabody retired. Later he found his own company in partnership with his cousin, J. Pierpont Morgan & Co. This company traded in foreign exchange and government bonds. After Junius’ death, Pierpont Morgan took over the company, which was reorganised in 1895 becoming one of the most powerful banking firm in the world which helped

  • Strengths And Weaknesses Of The Banking Industry

    976 Words  | 4 Pages

    I would frame the banking as an industry that is built on trust. Trust that is reaffirmed by the governments, and regulators. Banks have an imperative role in our economic growth, and development. Correspondingly, without the bank industry, there is no industry to replace them as the conduit for social and economic policy. Equally important, there is no industry to replace them as the key performer in creating our economies multiplier effect. Moreover, I would frame them as an industry that measures

  • The Organizational Structure Of Bank Of America

    850 Words  | 4 Pages

    corporation and is the second largest bank holding organization by assets, in the United States. The headquarter of the financial organization is situated in Charlotte, North Carolina. The bank has approximately 5,700 retail banking offices and 17,250 ATMs in the United States. The online banking system of the bank has more than 30 million active users. In this particular article, we will discuss about the Bank of America corporate hierarchy that is one of the most important factors responsible for the phenomenal

  • Eli Lilly: Company Analysis

    904 Words  | 4 Pages

    CITIGROUP Citigroup is American multinational investment banking and financial services corporation whose headquarter is in Manhattan, New York City. It was formed in October 1998 by merging one of the largest mergers in history by combining the financial conglomerate Travelers group and banking giant Citicorp. Citigroup had the world's largest network of financial services , extended across 140 countries with approximately 16,000 offices worldwide. It holds customer accounts of over 200 millions

  • Well's Fargo Case Study

    256 Words  | 2 Pages

    When your organization is responsible for keeping track of the money and property of approximately 70 million individuals, you can be sure that customer service is going to be one of your most pressing concerns. Such is the case with Well’s Fargo, one of the “Big Four” banks in the United States.When your organization is responsible for keeping track of the money and property of approximately 70 million individuals, you can be sure that customer service is going to be one of your most pressing concerns

  • Merrill Lynch Case Summary

    1339 Words  | 6 Pages

    About the company Merrill lynch is one of the world’s leading wealth management and financial advisory companies, providing financial and investment banking services. It comprises of 15,000 financial advisors and $2.2 trillion in client assets; it is the world 's largest brokerage. Earlier the firm was publicly owned and traded on the New York Stock Exchange under the ticker symbol MER. About the case: Merrill lynch has introduced a new client relationship technique known as “SUPERNOVA “at the Merrill

  • Central Banks: A Global Perspective

    960 Words  | 4 Pages

    PART 4. CENTRAL BANKING AND THE CONDUCT OF MONETARY POLICY Chapter 14. Central Banks: A Global Perspective 1. The Federal Reserve System was created in 1913 to lessen the frequency of bank panics. Because of public hostility to central banks and to the centralization of power in general, the Federal Reserve System was created with many checks and balances aimed at diffusing power. 2. The Federal Reserve System consists of twelve regional Federal Reserve Banks, around 2,000 member commercial banks

  • Love In A Headscarf Analysis

    1288 Words  | 6 Pages

    patriarchal cultural norms which seem to downgrade the status of women and make them look less powerful and educated than men. She eventually proves that the negative misrepresentations of Muslim women are wrong by being different while maintaining her Islamic identity. Besides, Shelina also counters the argument that hijab wearing women are oppressed by their fathers, brothers and husbands. To her, hijab symbolises liberation and she is persevered to wear hijab despite the warning given by her buxom aunties

  • Francis Fukuyama The End Of History

    1855 Words  | 8 Pages

    13. Do you think the occurrence of the 9/11 terrorist attacks or the rise of Islamic fundamentalism weakens Francis Fukuyama’s ‘End of History’ thesis? Why or why not. Discuss. Seow Ming Liang A0094724Y Tutorial Group D8 1815 words In the summer of 1989, a few years before the end of the Cold War, American political scientist Dr Francis Fukuyama published his widely discussed essay titled the “The End of History”. The core argument of his essay was that the end of the Cold War will also

  • Osama Bin Laden Has Farty Pants: An Analysis

    1747 Words  | 7 Pages

    Melodramas and television shows have long been a cornerstone of popular culture, offering emotional and viewing pleasure to a wide variety of audiences. Elisabeth Anker, a noted political scientist, takes this one step further, arguing that this mode of media serves more than the simple purpose of trivial entertainment. Instead, she believes that melodrama indoctrinates the audience with a positive view of the state and its policies. In her Orgies of Feeling she asserts that in American media the

  • Compare And Contrast The Red Scare

    325 Words  | 2 Pages

    States was plotted by anarchist to overthrow the government and eventually take of the United States. The red scare was not the only threat to society. On September 11, 2001 better known as 9/11 was a series of terrorist attacks on held by suicidal Islamic an attempt to overthrow the government and to get the attention of American citizens. These were great tragedies that had happened over a period of time to American citizens. Even though these great tragedies were in different time periods, they also

  • The Pros And Cons Of The Decentralized Cryptocurrency

    1730 Words  | 7 Pages

    Money has changed form and shape over time to enable trade to happen. Currency evolved from tangible objects such as cattle, to precious metals, to paper bills that were backed up by precious metals, all the way to today 's paper bills that aren 't backed up by precious metals. However brand new online cryptocurrencies have recently gotten a surge in demand and could become the currency of the future. Bartering is when people exchanged goods that they had a surplus of for ones that they lacked. The

  • Financial Literacy

    764 Words  | 4 Pages

    financial illiteracy is one of the root causes, Sadly, far too many individuals do not have the basic financial skills necessary to develop and maintain a budget, to understand credit, to understand investment vehicles, or to take advantage of our banking