is a financial intermediary that specializes primarily in selling securities and underwriting the issuance of new equity shares to raise capital funds. This is different from a commercial bank, which specializes in deposits and commercial loans., Functions: Proprietary (Prop) Trading Market Making M & A Advisor Corporate Affairs (IPO, Underwriting) Standard Product – Designing of new Product
Micro Finance Banks For the purpose of poverty reduction program, such kind of banks are working in the different countries. Examples: Akhuwat, Dr. Amjad Saqib Grameen Bank, M. Yunus
Islamic Banks Islamic banking refers to a system of banking or banking activity that is consistent with Islamic law ( Sharia ) principles and guided by Islamic economics. In particular, Islamic law prohibits usury, the collection and payment of interest, also commonly called riba in Islamic discourse.
Specialized Banks 1. ZTBL – The Zarai Taraqiati Bank Limited It is also known as Agricultural Development Bank of Pakistan (ADBP). – It is the premier financial institution geared towards the development of the agricultural sector through the provision of financial services and technical know-how.
2. IDBP Industrial Development Bank of Pakistan is one of Pakistan's oldest development financing institution created with the primary objective of extending term finance for investment in the manufacturing sector and SME Sector of the economy
3. SME Bank • Promote the business. • Financing of projects. SME finance is the funding of small and medium-sized enterprises, and represents a major function of the general business finance market – in which capital for different types of firms are supplied. According to the Organization for Economic Cooperation and Development, most countries define a small business as one with 50 or fewer employees, and a mid - size business as one with between 50 and 250 employees.
Leasing Companies • A lease or tenancy is the right to use or occupy personal property or real property given by a lessor to another person (usually called the lessee or tenant) for a fixed or indefinite period of time, whereby the lessee obtains exclusive possession of the property in return for paying the lessor a fixed or determinable consideration (payment). Like Operating Lease & Finance Lease
Insurances Companies • Insurance companies may be classified as 1. Life insurance companies, which sell life insurance, annuities and pensions products. 2. Non-life or general insurance companies, which sell other types of Insurance. Like insurance in transits, fire Insurance
Mutual Fund An investment which is comprised of a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market securities and similar assets. Mutual funds are operated by money mangers, who invest the fund's capital and attempt to produce capital gains and income for the fund's investors. A mutual fund's portfolio is structured and maintained to match the investment objectives stated in its prospectus
Brokerage Houses Brokerage is a FI that facilitates the buying and selling of financial securities between Buyer and the Seller.
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- Spring '20
- Fiat Money