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Deposits pool management in Islamic banks in Pakistan : a case of term deposit receipts (TDRs)
Joint Authors
Said, Umar
Parvaiz, Jawhar Salim
Ismail, Muhammad
Source
Journal of Islamic Business and Management
Issue
Vol. 8, Issue (s) (30 Jun. 2018), pp.227-238, 12 p.
Publisher
Riphah International University Riphah Centre of Islamic Business
Publication Date
2018-06-30
Country of Publication
Pakistan
No. of Pages
12
Main Subjects
Abstract EN
This narrative study reports and analyses depoisits pool management in Pakistan, which is an important fund raising instrument used by Islamic banks.
The study expamplifies and discusses a complete process starting with the account opening, and its placement in the banks balancesheet, followed by the common pool creation process.
It also discusses the role of bank as investor, in addition to a pool manager, and distributation of profits between the the bank and the pool and then among various investers within the pool using the daily average product and the weightages mechanism.
Profit Equalization Reserve (PER) and investment Risk Reserve (IRR) are discussed in the context of their respective Shar¯i‘ah basis, to develop an overall understanding of term deposit receipts of Islamic Banks.
American Psychological Association (APA)
Said, Umar& Ismail, Muhammad& Parvaiz, Jawhar Salim. 2018. Deposits pool management in Islamic banks in Pakistan : a case of term deposit receipts (TDRs). Journal of Islamic Business and Management،Vol. 8, no. (s), pp.227-238.
https://search.emarefa.net/detail/BIM-934182
Modern Language Association (MLA)
Said, Umar…[et al.]. Deposits pool management in Islamic banks in Pakistan : a case of term deposit receipts (TDRs). Journal of Islamic Business and Management Vol. 8, Special issue (2018), pp.227-238.
https://search.emarefa.net/detail/BIM-934182
American Medical Association (AMA)
Said, Umar& Ismail, Muhammad& Parvaiz, Jawhar Salim. Deposits pool management in Islamic banks in Pakistan : a case of term deposit receipts (TDRs). Journal of Islamic Business and Management. 2018. Vol. 8, no. (s), pp.227-238.
https://search.emarefa.net/detail/BIM-934182
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 237-238
Record ID
BIM-934182