Islamic Banks - Banking Operations Management

THIS WAS A PROJECT DONE BY THE GROUP STUDYING IN UNIVERSITY OF SHARJAH

BANKING OPERATIONS MANAGEMENT

(0301361)

Fall 2009

Dr. Hussein Al-Tamimi.

The Banking project



 The Outline:

 At the end of this study, you will be able to understand:

 The meaning of the Islamic banks.

 A brief history about the Islamic banks.

 The purpose of choosing the Islamic banks and the scope of this study.

 Why Islamic banks are more preferable than the non-Islamic banks?

 What is Riba? Why it is prohibited?

 The methods and techniques that the Islamic banks offer to their customers.

Introduction:

Islamic Banks is considered new phenomena in the banking industry, not only in UAE but throughout the world. It has generated much interest in the local and international scenario. Islamic Banks are offered for the general public and there are religious, gender or age biases. The positive growth and developments in Islamic financial system have brought forth new and expanded opportunities.

Today the Islamic finance is the fastest growing component in the financial services industry, with an annual growth rate between 15 to 20 per cent. It is estimated at least 70 countries throughout the world have some or other form of Islamic financial