Tag Archives: Finance

  Since the introduction of car leasing and financing, vehicle sales in Pakistan have increased several times. All of this started in the beginning of this century as these loans made it easy for people to buy new or even used cars. This also sprung up new business like rent-a-car and renting cars became a cheaper and more viable business option. That’s the time when Pakistan’s automobile industry was booming …

  Deposit mobilization had been much easier in Islamic banking in Pakistan About 40 years ago, Islamic Finance was started to cater the needs of faith-based Muslims. Once looked at in the Arabian Gulf and Malaysia, the Islamic Finance market is evolving into a global one now. In the last decade, the Islamic Financial Sector has registered a growth of 20% per year, indicating it as one of the fastest …

  Islamic finance – A market brief: Islamic finance based on principals of Shariah provides an alternate to conventional banking. Islamic banking industry size is estimated to be USD 400 billion with potential to grow at minimum 15 per cent to 20 per cent globally per year, much faster than conventional financial institutions. This has been the same trend over the last 5 years since 2008. Islamic Banking assets globally …

  A $2 trillion plus industry, Islamic finance is said to have progressed in leaps and bounds – a staggering average growth of 17.6% during 2009-13 and a further growth forecast at an augmented rate of 19.7% through 2018. While 80% of the finance remains deployed in non-interest-based, conventional banking transactions carried out through Islamic banks or Islamic windows of traditional banking units, 15% is taken up by Islamic bond …

  Presently, Habib Bank Limited (HBL) had proclaimed its contract with Barclays Bank PLC to acquire Barclays banking business in Pakistan. This acquisition was accepted through the State Bank of Pakistan (SBP) and from June 15, 2015 the country business of Barclays Bank PLC has been amalgamated with and into Habib Bank. HBL now has worldwide footprints in 29 states counting China. Habib Bank works intimately with institutions such as …

  The first-ever biggest financing of local banks in the history of Pakistan Presidents of Habib Bank Limited (HBL) and National Bank of Pakistan (NBP) in a meeting with Chief Minister Punjab Muhammad Shahbaz Sharif presented an offer to countersign the project financing amounting to Rs84 billion to set up 1,200 megawatts LNG-based power plant at Bhikki Sheikhupura, which would be the first of its kind project and the biggest …

  A kind of service, providing persons with the needed finance to make personal purchases varying from buying a car to a house is identified as consumer financing. It is arranged into different types of products. Personal loans are provided for the payment of goods, services and expenses and comprise running finance and revolving credit to individuals. The idea of consumer financing is to provide consumers with financing support to …

  Profile Lukman Otunuga is a research analyst at FXTM. A keen follower of macroeconomic events, with a strong professional and academic background in finance, Lukman is well versed in the various factors affecting the currency markets. Prior to joining FXTM, Lukman spent two years as a research analyst with international currency broker FXCM, where he focused on technical and fundamental analysis of the global currency, commodity and stock markets. …

  Profile: Chief Executive Officer – AlHuda Centre of Islamic Banking and Economics (www.alhudacibe.com) Chief Executive Officer – Islamic Microfinance Network (www.imfn.org) Chief Executive Officer – Halal Research Council (www.halarc.org) Papers presented at International conferences: South Africa, Afghanistan, Kenya, Kazakhstan, Pakistan, China, U.A.E, Turkey, Russia, Jordan snf Yemen.   Islamic banking and finance Islam is not only a religion in the ordinary sense of the word, but a complete system …

  For over 6 million Pakistani smallholders with 10 acres of land or less, financing options are very limited and preventing them from building assets over time. Most cannot or will not go to banks because doing so would require using land as collateral, repaying loans in strict monthly installments and paying penalties if payments are late. Moreover, it can be hard to find a bank close to home and, …