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Islamic financial and

actuel crisis

Misbih maryam
plan
 Introduction
 definition
 Principles
 Islamic banking
 Crisis Impact on islamic banking
introduction

 Islamic finance, a booming market

 It is a new financial model based on Sharia law of


the famous Koran, the funds are for 30 years.Il y a a
verse of the Koran that says God allows the sale and
prohibits usury{ ‫حّرَم الّربا‬
َ ‫ل اْلَبْيَع َو‬
ُّ ‫حّل ا‬
َ ‫} وََأ‬: ‫قوله تعالى‬
275:‫ ))البقرة‬. it is based on this principle

 an engine for the economy, an alternative ethics


définition
 A set of strict rules that forbid making or receiving interest
payments. To get around this prohibition, trade financing is
obtained by buying inventory that will be resold at a pre-
determined price on a future date, which is called Murabaha.
Financing for capital projects is called Musharaka, which is
funding by two or more parties who may be active managers in
a partnership. Losses are shared on the basis of the capital
contribution. Profits may be shared in any way the partners
decide. See also Istisna, Qardhul Hasan, and Riba.
What are the foundations and
main objectives of Islamic finance

It’s 4 principles:
 Principle 1:the prohibition of riba (usury).
 Principle2:the prohibition of gharar und maysir
(incertitude ,speculation)
 Principle3: investing in businesses that provide
goods or services considered contrary to its
principles (Haraam
 Principle3 :Obligation to share profits and
losses in all financial trasanction
Islamic banking
 Islamic banking refers to a system of banking or banking
activity that is consistent with the principles of Islamic law
(Sharia) and its practical application through the development
of Islamic economics. Sharia prohibits the payment of fees for
the renting of money (Interest|Usury|Riba) for specific terms, as
well as investing in businesses that provide goods or services
considered contrary to its principles (Haraam). While these
principles were used as the basis for a flourishing economy in
earlier times, it is only in the late 20th century that a number of
Islamic banks were formed to apply these principles to private
or semi-private commercial institutions within the Muslim
community
Example of islamic banking

 Al-RajhiBank (Saudi Arabaie): $ 40 billion of


assets at the end of June 2008
 Kuwait Finance House (Kuwait): 38.7 billion
 Dubai Islamic Bank (UAE): 24.9 billion
 Abu Dhabi Islamic Bank (UAE): 13.1 billion
 Albaraka Banking Group (Bahrain): 11.1
billion
Crisis Impact on islamic banking

This crises is due to the subprimes .whitch are loans that the
america banks used to give without garantie.
The islamic bank doesen’t influence by the actuel crisis because:
It is 2dimensions that are prohibit by islam:
 Securities issued by the subprime market are
corporate debt based on interest and the interest is
forbidden by Islam. The islamic bank does not invest
in subprime
 the prohibition of spéculation
conclusion
 Islamic finance is now between 500 and 800 billion of assets managed
by the principles of Sharia and recorded a growth of over 20% over the
last ten years. Especially since it is a young industry she has 30 years
of existence.

 Given the current financial crisis, the Islamic financial industry should
set up investment banks to implement the mission of the Islamic
economic system and present the world a new vision and different
methods of asset management and new products Investment for the
true economic value, "said Ahmed Mohammed Ali, President of the
Islamic développementannées Bank. especially since it is a young
industry that it has 30 years of existence..
 lafinance islamique fait de plus en plus ses
preuve et offre une alternative pour sauver le
monde d'une catastrophe certaine
 D’ailleurs, la dernière étude de Moody’s, une agence de notation et d’analyse
financière, évalue ce marché entre 500 et 700 milliards de dollars. Certains
produits affichent une croissance impressionnante, c’est le cas par exemple du
marché des obligations islamiques, les sukuks.
"C’est un marché qui augmente de plus de 30 % par an", souligne notre invité,
Anouar Hassoune, analyste crédit chez Moody’s. La finance islamique
moderne existe depuis trente ans mais connaît un réel essor depuis quelques
années seulement. Son développement est notamment considérable au
Moyen-Orient et en Malaisie. La finance islamique s’exporte également, de plus
en plus, dans des pays non musulmans mais accueillant une population
musulmane très active… C’est le cas par exemple de certains pays africains et
européens.