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Burj Bank
Burj Bank Limited, formerly known as Dawood Islamic Bank Limited (DIBL), now merged into Al Baraka Bank, was Pakistan's sixth full-fledged Islamic commercial bank. The bank received its license from the State Bank of Pakistan in May 2006, and officially commenced its operations on Friday, April 27, 2007. The bank was the result of an initiative of the First Dawood Group, with the Islamic Corporation for the Development of the Private Sector (ICD) in Jeddah, Unicorn Investment Bank in Bahrain, Al Safat Investment Company in Kuwait, Gargash Enterprises (LLC) in Dubai, the Singapore-based entrepreneur Azam Essof Kolia and Shaikh Abdullah Mohammad Al-Romaizan, an entrepreneur from the Kingdom of Saudi Arabia. In July 2011, the bank was renamed Burj Bank. Mufti Muneeb-ur-Rehman Muḥammad Muneeb-ur-Rehman ( Munīb-ur-Rehmān; born ) is a Pakistani Mufti and former chairman of Ruet-e-Hilal Committee. He is a professor at Jinnah University for Women, Member of National Academic Cou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Al Baraka Bank
Al Baraka (Pakistan) Limited (ABPL) () came into being as a result of the first merger in the Islamic Banking sector of Pakistan. The merger took place between the branch operations of Al Baraka Islamic Bank (AIB) Bahrain, Al Baraka Islamic Bank Pakistan (AIBP) and Emirates Global Islamic Bank (Pakistan), and thus from 1st November 2010, the operations of the merged entity began. The second merger took place in 2016 with Burj Bank Ltd. As of September 2016, the Bank has a national presence in Pakistan with a network of 191 branches in more than 97 cities across the country. History Al Baraka Islamic Bank is attributed to be the pioneer of Islamic Banking in Pakistan. It has been operating in the country since 1991 as branch operations of ''Al Baraka Islamic Bank Bahrain.'' During this period of over two decades in the country, the bank effectively developed and sustained its identity as one of the pioneers in providing Shariah compliant banking products and services. It has ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pakistani Rupee
The Pakistani rupee ( ur, / ALA-LC: ; sign: Re (singular) and Rs (plural); ISO code: PKR) is the official currency of Pakistan since 1948. The coins and notes are issued and controlled by the central bank, namely State Bank of Pakistan. In Pakistani English, large values of rupees are counted in thousands; lakh (100,000); crore (ten-millions); Arab (billions); kharab (100 billion). Numbers are still grouped in thousands (123,456,789 rather than 12,34,56,789 as written in India) History The word ''rūpiya'' is derived from the Sanskrit word ''rūpya'', which means "wrought silver, a coin of silver", in origin an adjective meaning "shapely", with a more specific meaning of "stamped, impressed", whence "coin". It is` derived from the noun ''rūpa'' "shape, likeness, image". ''Rūpaya'' was used to denote the coin introduced by Sher Shah Suri during his reign from 1540 to 1545 CE. The Pakistani rupee was put into circulation in Pakistan after the dissolution of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, Reuter' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dawn Newspaper
''Dawn'' is a Pakistani English-language newspaper that was launched in British India in 1941. It is the largest English newspaper in Pakistan, and also serves as the country's newspaper of record. ''Dawn'' is the flagship publication of the Dawn Media Group, which also owns local radio station ''CityFM89'' as well as the marketing and media magazine ''Aurora''. Muhammad Ali Jinnah, Pakistan's founding father, launched the newspaper in Delhi on 26 October 1941, with the goal of establishing it as a mouthpiece for the All-India Muslim League. The first issue was printed at Latifi Press on 12 October 1942. Based in Karachi, it also maintains offices in Lahore and the capital city of Islamabad, in addition to having correspondents abroad. , it has a weekday circulation of over 109,000. The newspaper's current chief editor is Zaffar Abbas. History ''Dawn'' began as a weekly publication, based in New Delhi. Under the instruction of Jinnah, it became the official organ of the All In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Bank Of Pakistan
The State Bank of Pakistan (SBP) ( ur, ) is the Central Bank of Pakistan. Its Constitution, as originally laid down in the State Bank of Pakistan Order 1948, remained basically unchanged until 1 January 1974, when the bank was Nationalized and the scope of its functions was considerably enlarged. The State Bank of Pakistan Act 1956, with subsequent amendments, forms the basis of its operations today. The headquarters are located in the financial capital of the country in Karachi. The bank has a fully owned subsidiary with the name SBP Banking Services Corporation (SBP-BSC), the operational arm of the Central Bank with Branch Office in 16 cities across Pakistan, including the capital Islamabad and the four Provincial Capitals Lahore, Karachi, Peshawar, Quetta. The State Bank of Pakistan has other fully owned subsidiaries as well: National Institute of Banking and Finance, the training arm of the bank providing training to Commercial Banks, the Deposit Protection Corporation, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pakistan Today
''Pakistan Today'' is a Pakistani English-language daily newspaper, published by Nawa Media Corporation from three Pakistani cities Lahore, Punjab, Pakistan, Punjab; Karachi, Sindh; and Islamabad, Islamabad Capital Territory. The newspaper later launched a business magazine called ''Profit Magazine''. Operations Headquartered in Lahore, the newspaper was founded by its editor and publisher, senior journalist Arif Nizami, in 2010. It is a part of Lahore-based Nawa Media Corporation, the media entity formed by him in 2008. Arif Nizami is the son of veteran Pakistani journalist Hameed Nizami (3 October 1915 – 22 February 1962) and had been associated with daily newspapers ''Nawaiwaqt, Nawa-i-Waqt'' and ''The Nation (Pakistan), The Nation'' before this for many years. Khabaristan Today ''Pakistan Today'' has a News satire, satirical column called ''Khabiristan Today''. Since its material is often unfamiliar, its satire is sometimes lost on Western audiences. This was the ca ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mufti
A Mufti (; ar, مفتي) is an Islamic jurist qualified to issue a nonbinding opinion ('' fatwa'') on a point of Islamic law (''sharia''). The act of issuing fatwas is called ''iftāʾ''. Muftis and their ''fatwas'' played an important role throughout Islamic history, taking on new roles in the modern era. Tracing its origins to the Quran and early Islamic communities, the practice of ''ifta'' crystallized with the emergence of the traditional legal theory and schools of Islamic jurisprudence (''madhahib''). In the classical legal system, fatwas issued by muftis in response to private queries served to inform Muslim populations about Islam, advise courts on difficult points of Islamic law, and elaborate substantive law. In later times, muftis also issued public and political fatwas that took a stand on doctrinal controversies, legitimized government policies or articulated grievances of the population. Traditionally, a mufti was seen as a scholar of upright character wh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Muneeb-ur-Rehman
Muḥammad Muneeb-ur-Rehman ( Munīb-ur-Rehmān; born ) is a Pakistani Mufti and former chairman of Ruet-e-Hilal Committee. He is a professor at Jinnah University for Women, Member of National Academic Council of Institute of Policy Studies, Head of Shariah Board of Burj Bank and President of Tanzeem-ul-Madaris and Darul Uloom Naeemia, Karachi. Life and education Muneeb-ur-Rehman was born on 8 February 1945 in a Gujjar family of Mansehra, NWFP, British Raj. He completed his Masters in Islamic Studies. Besides gaining a Bachelor in Law and Education degree, he also received education in Arabic Languages. He completed a master's degree from Darul Uloom Amjadia. Muneeb-ur-Rehman is a member of the Board of Studies of Federal Urdu University and Board of Intermediate Education, Karachi. He was a member of the Pakistani delegation which visited the UK in February - March 2006 to gain firsthand knowledge as to how Madrassas and Islamic schools operate within a state-regulated sys ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Express Tribune
''The Express Tribune'' is a daily English-language newspaper based in Pakistan. It is the flagship publication of the '' Daily Express'' media group. It is Pakistan's only internationally affiliated newspaper in a partnership with the ''International New York Times'', the global edition of ''The New York Times''. Headquartered in Karachi, it also prints copy from offices in Lahore, Islamabad, and Peshawar. It was launched on 12 April 1999, in broadsheet format, with a news design distinctive from traditional Pakistani newspapers. Its editorial stance identifies with social liberalism, and its readership is generally on the mainstream left of Pakistani political and social opinion. Topics the newspaper covers include politics, international affairs, economics, investment, sports, and culture. It runs a glossy called ''Express Tribune Magazine'' on Sunday, which includes social commentary, interviews, and a four-page supplement with recipes, reviews, travel advice, blogs, and t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Islamic Banks Of Pakistan
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 pop ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Banks Of Pakistan
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Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Disestablished In 2016
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 anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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