8/2/2019 AccountingALFALAH

1/22

8/2/2019 AccountingALFALAH

2/22

Hamd Imran 101313

Ahsan Naseem 101320

Adeel Sultan 101315

M.Omer 091339

8/2/2019 AccountingALFALAH

3/22

8/2/2019 AccountingALFALAH

4/22

8/2/2019 AccountingALFALAH

5/22

Table of content

Introduction

History

Vision Mission

Logo

Hierarchy

Organizational Structure or Departments

Islamic bankingA) Introduction

B) Riba

C)Perspective

Products of Islamic branch

Accounting cycle Profit and loss account

Balance sheet

Conclusion

Recommendations

8/2/2019 AccountingALFALAH

6/22

Owned by the Abu Dhabi Group

Number of Employees 7500+

Siraj uddin aziz is CEO of this bank

It is the current sponsor for F1 GP racing

from Pakistan

http://en.wikipedia.org/w/index.php?title=Abu_Dhabi_Group&action=edit&redlink=1http://en.wikipedia.org/w/index.php?title=Abu_Dhabi_Group&action=edit&redlink=1

8/2/2019 AccountingALFALAH

7/22

Bank Alfalah Limited was launched on June21, 1992 as a public limited companyunder the Companies Ordinance 1984

The bankcommenced its operations onNovember 1, 1992

8/2/2019 AccountingALFALAH

8/22

To be the premier organization operating

locally & internationality that provides the

complete range of financial services to all

segments under one roof.

8/2/2019 AccountingALFALAH

9/22

To develop & deliver the most innovative

products, manage customer experience,

deliver quality services that contributes to

brand strength, establishes a competitiveadvantage and enhances profitability, thus

providing value to the stakeholders of the

bank

8/2/2019 AccountingALFALAH

10/22

President (CEO)

Senior executive vice president

Executive vice president

Executive vice president

Senior vice president

Vice president

Assistant vice president

Officers grade 1, 2, and 3

Clerical staff Non-clerical staff

8/2/2019 AccountingALFALAH

11/22

The bank Alfalah basically consists offollowing departments:

Accounts Department

Human Resource DepartmentOperation Department

SME Department

Trade Department

Leasing Department

Micro financing Department

8/2/2019 AccountingALFALAH

12/22

Introduction

Riba

Perspective

8/2/2019 AccountingALFALAH

13/22

The thrust for Islamic Banking is founded on

the desire to submit to the Divine

Instructions on all transactions, particularly

those involving exchange of money formoney

8/2/2019 AccountingALFALAH

14/22

O ye who believe! Be afraid of Allah and

give up what remains (due to you) from Riba

(usury) (from now onwards) if you are

(really) believers! 2:278 And if you do not do

it, take notice of war from Allah and His

Messenger! But if you repent, you shall have

your capital sums 2:279

8/2/2019 AccountingALFALAH

15/22

In Pakistan, Islamic Banking is less than 3% of

the Banking sector

Many blame Islamic Bankings small share

against conventional banking to a smallerportfolio of products

8/2/2019 AccountingALFALAH

16/22

Alfalah Musharaka Homes

Alfalah Car Ijarah

Alfalah Hilal Card

8/2/2019 AccountingALFALAH

17/22

They use communized system. They use bank

smart software

8/2/2019 AccountingALFALAH

18/22

8/2/2019 AccountingALFALAH

19/22

8/2/2019 AccountingALFALAH

20/22

Phenomenal growth in the past few years by

opening more branches in the country

Increasing the deposit base, while also

increasing the asset and profit of bank

8/2/2019 AccountingALFALAH

21/22

Promote workers

Launch Western Union

Change management style

Democratic Style of leadership

8/2/2019 AccountingALFALAH

22/22