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Faisal Islamic Bank Of Egypt
Faisal Islamic Bank of Egypt SAE is a "shariah-compliant" financial institution based in Egypt and headquartered in Cairo, with a market capitalization of $402 million as of September 2016. It is a joint-stock company and was incorporated in 1977 but started operating in 1979. Bloomberg News reports it provides "various" commercial "banking products and services in Egypt and internationally", such as "current and investment accounts, and joint accounts; saving certificates; and mutual funds". According to the bank it was "the first Egyptian Islamic and Commercial bank". Another source describes it as "part of the banking empire" established by Saudi Prince Mohammed al-Faisal, and associated with Saudi Arabia's conservative political and religious influence in Egypt. Among the bank's first activities was they provided animator/musician Richard Williams with funding for his passion project ''The Thief and the Cobbler'' (1978-79). See also *List of banks in Egypt *Islamic bank ...
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Joint-stock Company
A joint-stock company is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited companies. Some jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other countries that have adopted its model of company law, they are known as unlimited companies. In th ...
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Banking
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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Cairo
Cairo ( ; ar, القاهرة, al-Qāhirah, ) is the capital of Egypt and its largest city, home to 10 million people. It is also part of the largest urban agglomeration in Africa, the Arab world and the Middle East: The Greater Cairo metropolitan area, with a population of 21.9 million, is the 12th-largest in the world by population. Cairo is associated with ancient Egypt, as the Giza pyramid complex and the ancient cities of Memphis and Heliopolis are located in its geographical area. Located near the Nile Delta, the city first developed as Fustat, a settlement founded after the Muslim conquest of Egypt in 640 next to an existing ancient Roman fortress, Babylon. Under the Fatimid dynasty a new city, ''al-Qāhirah'', was founded nearby in 969. It later superseded Fustat as the main urban centre during the Ayyubid and Mamluk periods (12th–16th centuries). Cairo has long been a centre of the region's political and cultural life, and is titled "the city of a thousand m ...
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Egypt
Egypt ( ar, مصر , ), officially the Arab Republic of Egypt, is a transcontinental country spanning the northeast corner of Africa and southwest corner of Asia via a land bridge formed by the Sinai Peninsula. It is bordered by the Mediterranean Sea to the north, the Gaza Strip of Palestine and Israel to the northeast, the Red Sea to the east, Sudan to the south, and Libya to the west. The Gulf of Aqaba in the northeast separates Egypt from Jordan and Saudi Arabia. Cairo is the capital and largest city of Egypt, while Alexandria, the second-largest city, is an important industrial and tourist hub at the Mediterranean coast. At approximately 100 million inhabitants, Egypt is the 14th-most populated country in the world. Egypt has one of the longest histories of any country, tracing its heritage along the Nile Delta back to the 6th–4th millennia BCE. Considered a cradle of civilisation, Ancient Egypt saw some of the earliest developments of writing, agriculture, ur ...
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Islamic Banking
Islamic banking, Islamic finance ( ar, مصرفية إسلامية), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic banking/finance include ''Mudarabah'' (profit-sharing and loss-bearing), ''Wadiah'' (safekeeping), ''Musharaka'' (joint venture), ''Murabahah'' (cost-plus), and ''Ijara'' ( leasing). Sharia prohibits ''riba'', or usury, defined as interest paid on all loans of money (although some Muslims dispute whether there is a consensus that interest is equivalent to ''riba''). Investment in businesses that provide goods or services considered contrary to Islamic principles (e.g. pork or alcohol) is also ''haram'' ("sinful and prohibited"). These prohibitions have been applied historically in varying degrees in Muslim countries/communities to prevent un-Islamic practices. In the late 20th century, as part of the revi ...
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Shariah
Sharia (; ar, شريعة, sharīʿa ) is a body of religious law that forms a part of the Islamic tradition. It is derived from the religious precepts of Islam and is based on the sacred scriptures of Islam, particularly the Quran and the Hadith. In Arabic, the term ''sharīʿah'' refers to God's immutable divine law and is contrasted with ''fiqh'', which refers to its human scholarly interpretations. In the historical course, fiqh sects have emerged that reflect the preferences of certain societies and state administrations on behalf of people who are interested in the theoretical (method) and practical application (Ahkam / fatwa) studies of laws and rules, but sharia has never been a valid legal system on its own. It has been used together with " customary (Urf) law" since Omar or the Umayyads. It may also be wrong to think that the Sharia, as a religious argument or belief, is entirely within or related to Allah's commands and prohibitions. Several non-graded crimes are ...
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Joint-stock Company
A joint-stock company is a business entity in which shares of the company's capital stock, stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their share (finance), shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (business), incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited company, limited companies. Some jurisdiction (area), jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other count ...
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Bloomberg News
Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Television, Bloomberg Radio, ''Bloomberg Businessweek'', ''Bloomberg Markets'', Bloomberg.com, and Bloomberg's mobile platforms. Since 2015, John Micklethwait has served as editor-in-chief. History Bloomberg News was founded by Michael Bloomberg and Matthew Winkler in 1990 to deliver financial news reporting to Bloomberg Terminal subscribers. The agency was established in 1990 with a team of six people. Winkler was first editor-in-chief. In 2010, Bloomberg News included more than 2,300 editors and reporters in 72 countries and 146 news bureaus worldwide. Beginnings (1990–1995) Bloomberg Business News was created to expand the services offered through the terminals. According to Matthew Winkler, then a writer for ''The Wall Street Journal ...
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Mohammed Bin Faisal Al Saud
Mohammed bin Faisal Al Saud ( ar, محمد بن فيصل آل سعود, ''Moḥammed bin Fayṣal Āl Saʿūd''; 1937–14 January 2017) was a Saudi prince and businessman. He was a son of King Faisal and was one of the pioneers in the establishment of Islamic banking and Islamic insurance. Early life and education Mohammed bin Faisal was born in Taif in 1937. He was the second child and eldest son of King Faisal and Iffat Al Thunayan. His full siblings were Sara bint Faisal, Latifa bint Faisal, Saud bin Faisal, Abdul Rahman bin Faisal, Bandar bin Faisal, Turki bin Faisal, Luluwah bint Faisal and Haifa bint Faisal. Mohammed also had half-siblings from his father's other marriages, including Abdullah, Khalid and Saad. Mohammed bin Faisal started his education at Al Madrasa An Numuthagiya (The Model School) which was opened by his parents in Taif in 1942. He was the first of his siblings to study abroad. He attended both Lawrenceville School and Hun School. Then, he graduat ...
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Saudi Arabia
Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in Western Asia. It covers the bulk of the Arabian Peninsula, and has a land area of about , making it the fifth-largest country in Asia, the second-largest in the Arab world, and the largest in Western Asia and the Middle East. It is bordered by the Red Sea to the west; Jordan, Iraq, and Kuwait to the north; the Persian Gulf, Qatar and the United Arab Emirates to the east; Oman to the southeast; and Yemen to the south. Bahrain is an island country off the east coast. The Gulf of Aqaba in the northwest separates Saudi Arabia from Egypt. Saudi Arabia is the only country with a coastline along both the Red Sea and the Persian Gulf, and most of its terrain consists of arid desert, lowland, steppe, and mountains. Its capital and largest city is Riyadh. The country is home to Mecca and Medina, the two holiest cities in Islam. Pre-Islamic Arabia, the territory that constitutes modern-day Saudi Ar ...
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Richard Williams (animator)
Richard Edmund Williams (March 19, 1933 – August 16, 2019) was a Canadian-British animator, voice actor, director, and writer, best known for serving as animation director on ''Who Framed Roger Rabbit'' (1988), for which he won two Academy Awards, and for his unfinished feature film ''The Thief and the Cobbler'' (1993). He was also a film title sequence designer and animator. Other works in this field include the title sequences for ''What's New Pussycat?'' (1965) and '' A Funny Thing Happened on the Way to the Forum'' (1966) and title and linking sequences in ''The Charge of the Light Brigade'' and the intros of the eponymous cartoon feline for two of the later ''Pink Panther'' films. In 2002 he published ''The Animator's Survival Kit'', an authoritative manual of animation methods and techniques, which has since been turned into a 16-DVD box set as well as an iOS app. From 2008 he worked as artist in residence at Aardman Animations in Bristol, and in 2015 he received both Osca ...
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The Thief And The Cobbler
''The Thief and the Cobbler'' is an Unfinished creative work, unfinished animated film, animated fantasy film co-written and directed by Richard Williams (animator), Richard Williams. Originally conceived in the 1960s, the film was in and out of production for nearly three decades due to independent funding and ambitiously complex animation. It was finally placed into full production in 1989, when Warner Bros. Pictures, Warner Bros. agreed to finance and distribute the film. When production went over budget and behind schedule, it was heavily cut and hastily re-edited by producer Fred Calvert without Williams's involvement. It was eventually released by Allied Filmmakers in 1993 with the title ''The Princess and the Cobbler''. Two years later, The Walt Disney Company, Disney's Miramax Films released another re-edit titled ''Arabian Knight''. Both versions of the film performed poorly at the box office and received mixed reviews. Over the years, various people and companies, incl ...
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