Al Shamal Islamic Bank
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Al Shamal Islamic Bank
The Al-Shamal Islamic Bank of Khartoum, founded in 1983, is one of the major financial institutions of Sudan, and one of the leading Islamic banks worldwide. The bank changed its brand to Balad Bank the 3rd of August 2018. Shareholders According to public records, among the investors in the Al Shamal Islamic Bank include a Geneva-based financial services conglomerate headed by Mohammed al Faisal, son of the late King Faisal. The bank itself that among its five "main founders" and principal shareholders is another Khartoum bank, the Faisal Islamic Bank of Sudan. According to public records, 19 percent of the Faisal Islamic Bank is owned by the Dar Al-Maal Al-Islami Trust, or simply DMI Trust, also headed by Prince Faisal. The $3.5 billion DMI Trust, whose slogan is "Allah is the purveyor of success," was founded in 1981 to foster the spread of Islamic banking across the Muslim world. Its 12-member board of directors includes Haydar Mohamed Bin Laden, a half-brother of O ...
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Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ...
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Prince Faisal Bin Hussein
Prince Faisal bin Hussein ( ar, فيصل بن حسين; born 11 October 1963) is a son of King Hussein and Princess Muna, and the younger brother of King Abdullah II. Periodically he has served as regent during his brother's absences abroad. Education Faisal was born in Amman, Jordan. After early schooling in Amman, Faisal was sent in 1970 to his mother's native United Kingdom where he attended St. Edmund's School in Hindhead, England. The following year, he moved to the United States where he attended the Bement School in Deerfield, Massachusetts for the next two years. He then moved schools again, this time to Eaglebrook School, also in Deerfield. In 1978, Faisal commenced his high school education at St. Albans School in Washington, D.C., from which he graduated in 1981. His initial university education was at Brown University from which he graduated in 1985 with a ScB degree in electrical engineering. The prince also earned a master's degree in management from the London ...
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Banks Established In 1983
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ...
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Islamic Banks
Islam (; ar, ۘالِإسلَام, , ) is an Abrahamic monotheistic religion centred primarily around the Quran, a religious text considered by Muslims to be the direct word of God (or '' Allah'') as it was revealed to Muhammad, the main and final Islamic prophet.Peters, F. E. 2009. "Allāh." In , edited by J. L. Esposito. Oxford: Oxford University Press. . (See alsoquick reference) " e Muslims' understanding of Allāh is based...on the Qurʿān's public witness. Allāh is Unique, the Creator, Sovereign, and Judge of mankind. It is Allāh who directs the universe through his direct action on nature and who has guided human history through his prophets, Abraham, with whom he made his covenant, Moses/Moosa, Jesus/Eesa, and Muḥammad, through all of whom he founded his chosen communities, the 'Peoples of the Book.'" It is the world's second-largest religion behind Christianity, with its followers ranging between 1-1.8 billion globally, or around a quarter of the world's po ...
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Banks Of Sudan
This article discusses banking in Sudan. History Sudan inherited its banking system from the Anglo-Egyptian Condominium (1899-1955). When the National Bank of Egypt opened in Khartoum in 1901, it obtained a privileged position as banker to and for the government, being a semiofficial central bank. Other banks followed, but the National Bank of Egypt and Barclays Bank in Britain dominated and stabilized banking in Sudan until after World War II. Postwar prosperity created a demand for an increasing number of commercial banks. Before Sudanese independence, there were no restrictions on the movement of funds between Egypt and Sudan, and the value of the currency used in Sudan was tied to that of Egypt. This situation was unsatisfactory to an independent Sudan, which established the Sudan Currency Board to replace Egyptian currency. It was not a central bank because it did not accept deposits, loan money, or provide commercial banks with cash and liquidity. A three-member commis ...
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List Of Banks In Sudan
This is a list of commercial banks in Sudan # Agricultural Bank of Sudan # Savings and Social Development Bank # Industrial Development Bank # El -Nilien Bank # Bank of Khartoum # Real Estates Commercial Bank # Faisal Islamic Bank # Sudanese French Bank # National Bank of Sudan # Blue Nile Mashreq Bank # Sudanese Islamic Bank # Tadamon Islamic Bank # Islamic Cooperative Development Bank # Baraka Bank (Sudan) # Export Development Bank # Saudi Sudanese Bank # Workers' National Bank # Animal Resources' Bank # Al Shamal Islamic Bank # Farmer's Commercial Bank # Omdurman National Bank # African Bank for Trade and Development # Byblos Bank (Africa) # Alsalam Bank # Sudanese Egyptian Bank # United Capital Bank # Aljazeera Sudanese Jordanian Bank # Family Bank # Financial Investment Bank # Abu Dhabi National Bank # Qatar National Bank # Arab Sudanese Bank See also * List of banks in Africa * List of banks in the Arab world * Central Bank of Sudan * Economy ...
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List Of Banks
Lists of banks are contained in the following articles: By continent * List of banks in Africa – Each country in Africa has a list of banks operating in that country * List of banks in Asia – Asia has a list of banks operating in that country * List of banks in the Americas – Each country in the Americas has a list of banks with operations in that country * List of banks in Europe – Each country in Europe has a list of banks operating in that country * List of banks in Oceania – Each country in Oceania has a list of banks operating in that country By super continent or intercontinental region * List of banks in the Arab world – Each Arab country has a list of banks operating in that country * List of largest banks in Southeast Asia – Each country in Southeast Asia has a list of banks with operations in that country Other lists * List of international banking institutions – List of international and multilateral financial institutions * List of systemically ...
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Dallah Al-Baraka
Dallah Al-Baraka Holding Company (DBHC), is a private multinational corporation based in Jeddah, Saudi Arabia. The company has holdings throughout the Middle East, North Africa, the Far East and Europe. The company is best classed as a conglomerate with investments including the financial, banking, healthcare, real estate, manufacturing, transportation, and operations and maintenance sectors. Overview Dallah Albaraka Holding Company (DBHC) is a multinational private corporation based in Jeddah, Saudi Arabia. DBHC has a broad-based investment portfolio with holdings throughout the Middle East, North Africa, Far East and Europe. It invests across many industries including financial and banking services, health care, manufacturing, real estate, transportation and operations and maintenance. History The company began in 1969 as a courier service with the name Dallah Establishment by Saleh Abdullah Kamal in Riyadh. By 1979 was one of the largest contractors for the Saudi governmen ...
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Adel Batterjee
Adel may refer to: Places United States * Adel, Georgia * Adel, Indiana * Adel, Iowa * Adel Township, Dallas County, Iowa * Adel, Oklahoma * Adel, Oregon * Adel Mountains Volcanic Field, West-central Montana Elsewhere * Adelaide, Australia * Adel, Leeds, England * Adilabad, Telangana, India * Adilabad district, Telangana, India * Al-Adel, Baghdad, Iraq * Adel, Republic of Bashkortostan, Russia * Adel Sultanate People *Adel (name), a unisex first name of northern-European origin, or a last name * Adil, an Arabic first name (male) and last name Other uses *Adel (official), a public official in Morocco *Adel, German nobility *Adel, Dutch nobility *Adel, Danish nobility *Adel, Swedish nobility *Adel, Norwegian nobility *Adel, Finnish nobility *Adel, Icelandic nobility *''Adel'', an Egyptian ferry that capsized and sank in May 1963 *Adel, a game character of ''Final Fantasy VIII'' *Adel, a weevil/beetle genus of the Pentarthrini tribe See also *Adelaide (disambigua ...
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Haydar Mohamed Bin Laden
The Binladin family ( ar, عائلة بن لادن, ) is an Arab family intimately connected with the innermost circles of the Saudi royal family. It is the namesake and controlling shareholder of Saudi Binladin Group, a multinational construction firm. The family is a sub-clan of the historical Kinda tribe. Following the September 11 attacks, the family became the subject of media attention and scrutiny through the activities of Osama bin Laden, the former head of the terrorist group al-Qaeda. Beginnings The family traces its origins to Awad bin Laden from the village of al-Rubat, in the Wadi Doan of the Tarim Valley, Hadramout governorate, Yemen. Awad's son was Mohammed bin Awad bin Laden (1908-1967). Mohammed bin Laden was a native of the Shafi'i (Sunni) Hadhramaut coast in southern Yemen, and emigrated to Saudi Arabia prior to World War I. He set up a construction company and came to Abdul Aziz ibn Saud's attention through construction projects, later being awarded contr ...
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DMI Trust
Dar al-Maal al-Islami Trust ( ar, دار المال الإسلامي) ("The House of Islamic Money"), founded in Switzerland in 1981, is a leading Islamic financial institution with affiliates on four continents and assets under management of over US$3.6 billion, operating in accordance with Zakat principles of Islamic banking. Overview DMI Trust was cofounded by a group of leading figures in 1981, including Mohammed bin Faisal Al Saud, Zayed bin Sultan Al Nahyan, Isa bin Salman Al Khalifa and Abdullah bin Faisal Al Saud. It has two main business units, Takafol and Retakafol, for Islamic banking and Islamic insurance/reinsurance respectively; these are based in the Bahamas, Luxembourg, and the United Kingdom. Fund management and financial services in Switzerland and Morocco, investment banking in Bahrain and Pakistan, commercial and retail banking in the Persian Gulf region and other parts of the world. Additionally, DMI Trust operates the Faisal Islamic Bank group of invest ...
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City
A city is a human settlement of notable size.Goodall, B. (1987) ''The Penguin Dictionary of Human Geography''. London: Penguin.Kuper, A. and Kuper, J., eds (1996) ''The Social Science Encyclopedia''. 2nd edition. London: Routledge. It can be defined as a permanent and densely settled place with administratively defined boundaries whose members work primarily on non-agricultural tasks. Cities generally have extensive systems for housing, transportation, sanitation, utilities, land use, production of goods, and communication. Their density facilitates interaction between people, government organisations and businesses, sometimes benefiting different parties in the process, such as improving efficiency of goods and service distribution. Historically, city-dwellers have been a small proportion of humanity overall, but following two centuries of unprecedented and rapid urbanization, more than half of the world population now lives in cities, which has had profound consequences for g ...
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