Sequence of Presentation
Introduction
Vision
Deposits
Business with customer
Management remuneration
Profit calculation
INTRODUCTION
PIONEER
• The world’s first Islamic bank
best modern
banking
.
• combined the best of traditional Islamic values with the technology and innovation
FORMATION
• 1975, Dubai Islamic Bank has established itself as the undisputed leader in its field
Vision
To be the leading Islamic Bank providing Shari’a compliant financial services, by creating value for all stakeholders.
ACCEPTANCE OF SAVINGS FROM CUSTOMERS
DEPOSITS
Saving Account
E-Savin
g
Current Account
Saving Plus
Fixed Deposits
Special saving
Junior Account
CURRENT ACCOUNTQarz-e-hasana
Non-remunerative checking account
Transact frequently
An ideal low cost option
No minimum balance restriction
Free account statement on a six monthly basis
SAVINGS ACCOUNTInvestment for depositors to earn Halal returns
Flexibility to withdrawn
depositor is fund provider or Rabbul-Maal
DIBPL is fund manager Mudarib)
Unrestricted Mudaraba
ESAVING ACCOUNTThe power to control financial future from anywhere and anytime.
Online Account opening
Unrestricted Mudaraba
Free Internet & Mobile Banking
No issuance of cheque book
SAVINGS PLUS
Save and Spend
100% HALAL
SPECIAL SAVINGS
High profit
on high balance
Profit calculatio
n on daily base
product
Murabaha
base
Profit Payment is on
monthly base
ATM/ VISA Debit Card Facilities only for
Individual Account Holders
FIXED DEPOSIT
Mix of long and short term benefits
to depositors wants Halal returns on their savings.
Unrestricted Mudaraba
Common pool
JUNIOR ACCOUNT
Riba free banking
BUSINESS OF BANK WITH CUSTOMERS
By:WARDA MEHAK
MUSHARAKAH •A PARTNERSHIP•BANK PARTICIPATES IN PROJECTS AND SHARES THE CAPITAL AND RETURNS.
•OWNERSHIP OF ASSETS ON A PERMANENT OR A NON-PERMANENT BASIS
•PROFIT IS SHARED WITH AN AGREEMENT BETWEEN THE BANK AND THE CUSTOMER
MudarabahPARTNERSHIP BETWEEN THE BANK AND AN ENTERPRISE
PRE-AGREED PERIOD
CAN INVEST IN EITHER A NEW OR EXISTING COMPANY
PRE AGREED PROFIT PERCENTAGE
Sales contract Pre-agreed profit
margin Fixes the deal
along with a profit Time Period : 1. Raw materials
& finished goods from 90 to 180 days
2. Machinery and equipment unto 5 years
MURABAH
SAKUK:
Islamic bond asset-backed proportionate ownership
in the underlying asset Yield generated by the
client’s lease of the asset.
ISTISNA sales contract Bank agrees to
deliver a commodity or an asset at a pre-determined future time at an agreed price.
finance the construction of real estate
A lease contract Bank (lessor)
leases the property to the customer (lessee)
Return for a rental payment for a specified financing period.
transfer the title of the property to the customer
The leasing period 3-7 years
IJARAH
BUSINESS FINANCE: Shirkatul Melk cum Ijara model DIBPL enters into relationship by
purchasing an undivided share and subsequently leases to leasee.
Financing up to 70% of your property value
Musharaka cum Ijara model
Home Purchase. Purchase of
undivided share (Home Renovation).
Purchase of undivided share of property from other bank (Balance Transfer)
HOME FINANCE:
AUTO FINANCE: Using Musharaka cum Ijara model to
finance your car Tracker Device & Monitoring Lowest Insurance/Takaful Rates Payment Advance Booking Cases Monthly Rental Islamic Product
ATM cards Funds transfer Access your account
anytime, anywhere 390 Automated Teller
Machines (ATMs) An unlimited number
of Supplementary Cards
withdraw up to Rs. 50,000 per day
Transfer funds between your accounts
Transfer funds to other DIB accounts
Visa Debit Card is used to transfer funds across accounts
Daily transaction limit Rs. 300,000
DECLARATION ON MANAGEMENT REMUNERATION & PROFIT CALCULATION
By : Saman Gohar
REMUNERATION MANAGEMENT
Bonus is given on the
basis of branch
performance, not on the
basis individual
performance
BANK PROFIT
Sharia prohibits the fixed interest
(Riba)
Net profit is the profit earned after subtracting of all the expenses and
income taxes.
Net Profit %= Net profit/Revenue*10
0
PROFIT CALCULATION ON VARIOUS ACCOUNTS
Current Account
Savings Account
E-saving Account
Savings Plus
Account
Special Savings Account
Fixed Deposit
Junior Account
Historical Rate sheet for Feb. 2014
Product
Month
Tiers
Rate
Saving Regular
Feb 2014
Less than Rs.100k upto Rs.500k and above
3.30-3.50%
Savings Plus
Feb 2014
Less than Rs.500k upto Rs 1 bln and above
3.60-7.55%
Special Savings
Feb 2014
Less than Rs.500k upto Rs 1 bln and above
3.60-8.50%
E-Savings
Feb 2014
Less than Rs.10k upto 5 million and above
3.30-7.75%
FIXED DEPOSITProfit Payment Frequency
Tenor Amount of Deposit
Profit Rate % (Feb-2014)
Pofit at maturity option
1 Month Rs 100k-Rs 100 mln and above
6.00-8.00%
3 Months
Rs 100k-Rs 100 mln and above
6.20-8.10%
6 Months
Rs 100k-Rs 200 mln and above
6.35-8.35%
1 Year Rs 100k-Rs 500 mln and above
7.65-8.50%
2-7 Years
- 8.75-10.15%
Monthly Payment 1-7 years
Rs 100k-Rs 249.99 mln
7.35-10.00%
Quarterly Payment
1-7 years
Rs 100k-Rs 499.99 mln
7.40-10.05%
Semi Annual Payment
1-7 years
Rs 100k-Rs 249.99 mln
7.45-10.10%
Profit at Maturity Option
SAVING DEPOSIT-FCY
Currency
Tenor Amount of Deposit Profit Rate %
USD Saving Less than USD 500-USD 500k and above
0.30-0.40%
GBP Saving Less than GBP 500-GBP 500k and above
0.30 %
EUR Saving Less than EUR 500-EUR 500k and above
0.30 %
TERM DEPOSIT-FCYCurrency Tenor Amount of
DepositProfit Rate %
USD 3 month USD 2k-USD 500K and above
0.70%
USD 6 month USD 2k-USD 500K and above
0.80%
USD 1 year USD 2k-USD 500K and above
0.90-1.10%