Date post: | 18-Nov-2014 |
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Presentation By:M.Nauman SherRazaullah khanShiraz Khan
Al-Meezan Bank
Largest Shariah compliant asset
management company .
Incorporated on 27th February
1995.
Al Meezan is registered as a Non Banking
Finance Company.
270 Branches across 83 cities in
Pakistan.
Vision
Establish Islamic banking as banking of first choice to facilitate the implementation of an equitable economic
system, providing a strong foundation for establishing a fair and just society for mankind.
Mission
To be a premier Islamic bank, offering a one-stop shop for innovative value-added products and services to our customers within the bounds of Shariah, while optimizing the stakeholders’
value through an organizational culture based on learning, fairness, respect for individual enterprise and performance.
Shareholdings’
Employees of Al-Meezan
05%
Pak Kuwait Investment
Company (PVT) Ltd 30%
Meezan Bank Limited 65%
Meezan Bank Products
Services Electronic Banking
Consumer Finance
Deposit Accounts
Terms and Certificates
Deposit Accounts
Rupee Current Account
Labbaik Saving
AasaanRupee Saving Account
Dollar Saving Account
Euro Saving Account
Pound Saving Account
Meezan Bachat Account
Business Plus Account
Meezan Kids Club Account
Meezan Teens Club Account
Term Certificates
Certificate of Islamic Investment
Meezan Amdan
Certificate
Monthly Mudarabah Certificate
Dollar Mudarabah Certificate
Services
Labbaik Travel
Aasaan
Online Banking
8 to 8 Banking
Ladies Banking
Home Remittance
Western Union
Money Transfer
Electronic Banking
Visa Debit Card
Internet Banking
Meezan Quickpay
SMS Alerts
ATM Network
Call Center
Consumer Finance
Easy Home
Car Ijarah
Laptop
Ease
Monetary Policy(Credit Control)
“The changes in money supply by the central bank to influence interest rate and achieve some other economic objectives is called
monetary policy” Bank Credit dominant part. Credit is lifeblood of modern business. Too much credit leads to inflation.
Objectives of Credit Control
• Regulate money supply• To increase investment• To increase employment opportunities• To control price level
Methods to control credit(tools of monetary policy)
Quantitative Controls
Qualitative Controls
Quantitative Controls
• Discount rate policy– Rate of interest at which a central bank provides loans to
commercial banks.• Open Market Operations
– Sale and purchase of government securities in the open money market by the central bank.
• Variation in Reserve Requirement– Changing the percentage of reserve requirements of member
banks.• Credit Rationing
– Fixing limit up to which central bank can give loans to it’s member banks.
Qualitative Controls
• Change in Margin Requirements– Change in margin of loan against security.
• Moral persuasion– Advising and Guidance to member banks.
• Publicity– Central bank undertakes publicity about it’s
policies.• Direct Action
Monetary Policy Objectives in Pakistan
• The principal objectives of monetary policy in Pakistan is to:– Control Inflation– Maintaining price stability– Strong monetary growth– Achieving maximum employment rate
Transaction cost
“Transaction cost are fees charged by financial companies in the sales and purchases of
securities”OR
“ A fee charged by a financial intermediary such as a bank, broker or underwriter”
Transaction cost (Cont’d)
• The transaction costs to buyers and sellers are the payments that banks and brokers receive for their roles in these transactions.
• There are also transaction costs in buying and selling real estate.
• These fees include the agent's commission, government fees.
Transaction Cost (example)
Consider the prospective purchaser of a refrigerator. The purchase price of the refrigerator that is eventually bought is not the only cost involved. Transaction costs such as the time spent researching the best brand and model, and the cost of travelling to wherever that item is available for purchase increase the real cost of the purchase.
Information cost
“Cost incurred from completing due diligence which involves the expenses related to the investigation of an investment or financial activity and is necessary
to determine profitability.”OR
“Costs incurred in transaction including the analysis and evaluation of the advantages of a financial
asset as an investment.”
End of Presentation
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