SBP Islamic Banking Bulletin, July-Sep 2007

Second most widely used mode of finance is ijarah

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Second most widely used mode of Finance is Ijarah Financing accounting for about 28.8 % of the total financing. Diminishing Musharakah has increase by 47% and jumped to 26.1% from 19.9% of total financing in June 2007 The total number of Financees’ accounts increased by 18% , from 29, 204 to 34, 362 in current quarter. (Rs. in million) Modes of Financing- Jun 2007 Ijarah 30.2% Murabaha 44.9% Musharaka 0.7% Diminishing Musharaka 19.9% Others 2.1% Istisna 1.0% Salam 1.2% Modes of Financing Jun-07 Sep-07 Inc./Dec. Murabaha 35,767 36,469 2% Ijarah 24,038 25,738 7% Musharaka 582 1,394 139% Mudaraba - 84 - Dimin. Musharaka 15,877 23,314 47% Salam 952 1,276 34% Istisna 757 39 -95% Qarz/Qarz-e-Hasna 6 8 28% Others 1,663 927 -44% Gross Financing 79,641 89,247 12% Amount of NPF 790 846 7% Provisions 807 917 14% Net NPF (17) (71) 321% Gross Financing 79,641 89,247 12% Total No of Financees’ accounts 29,204 34,362 18% Modes of Financing- Sep 2007 Salam 1.4% Mudaraba 0.1% Others 1.0% Diminishing Musharaka 26.1% Musharaka 1.6% Murabaha 40.9% Ijarah 28.8%
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2007 Islamic Finance & Economic Development Publisher : Palgrave Macmillan Pages : 264 Edited by: Munawar Iqbal and Ausaf Ahmad Price :£52.00 Published : 2005 Brief Description of the Book Over the last thirty years, Islamic banking has emerged as a viable and efficient model of financial intermediation. This book highlights some of the benefits that this new model of financial intermediation can bring to society and examines the role that Islamic finance can play in promoting growth and development. It points out some crucial prerequisites in this regard and identifies the areas where more re- search and development is needed. It un- derlines the fact that while Islamic banking fulfils the religious requirements of a large portion of global population, it widens the choice set for all. By doing so, it increases efficiency and the resource allocation proc- ess. It presents interesting case studies that bring to light certain features of Islamic fi- nance and their relationships with growth, economic and financial stability, allocative efficiency and social justice. Contents Introduction Islamic Finance and Development. Islamic Financial System and Economic Growth: An Assessment. The role of Islamic Financial Institutions in Sustainable Development. Efficiency of Islamic Banks in Malaysia. An Analysis of Relationships between Interest- Free Financing Systems and Sustainable Devel- opment: The Case of Iran Effects of Implementing a Non-Interest Bank- ing System on Monetary Policy Controllability and Policy-Goals Links in Iran The Role of Islamic Finance in Industrial Pro- jects in the State of Kuwait. The Role of Islamic Banks in Economic
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Second most widely used mode of Finance is Ijarah Financing...

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