...BRAND IMAGE OF ISLAMIC BANKS SUBMITTED BY TARIQ JALEES LT.COL(RETD) RAZA KAMAL ASSISTANT PROFESSOR DIRECTOR ACADEMICS COLLEGE OF MANAGEMENT SCIENCE PAF-KARACHI INSTITUTE OF ECONOMIC AND TECHNOLOGY KORANGI CREEK , KARACHI-75190 WWW.PAFKIET.EDU.PK UAN 111-723-733 TELEPHONE 5091114-7 FAX 92215091118 RESIDENCE ADDRESS OF TARIQ JALEES 87-Q, BLOCK-2, PECHS, KARACHI, RESIDENCE TELEPHONE 9221-4556308 MOBILE 0300-82007019 EMAL TARIQUEJ2004@YAHOO.COM TARIQJ@PAFKIET.EDU.PK 1 BRAND IMAGE OF ISLAMIC BANKS 1.0.0 Introduction What is Islamic banking? What is brand Image? Both the topics independently have been researched, discussed and deliberated so many times that the readers generally don’t fancy reading them. However, there is not a single research to best of our knowledge wherein researchers may have combined both the diversified topics. Lack of research on “brand image of Islamic bank” was one of the major motivator for undertaking this research. Thus the objective of this paper was to measure the brand image of Islamic banks, and develop the profile of the customers of Islamic banks. 1.1.0 Literature Survey In order to develop the conceptual background, the literature review has been structured as follows: 1.1.2 A brief over view on Islamic banking and literature on consumer behavior, characteristics and perception towards Shariah banks A brief overview of branding imaging concept An Overview Islamic Banking There are about 270 Islamic banks around the world (including subsidiaries...
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...A CASE STUDY ON BANKS IN FIJI COMPILED BY: SHINAL PRIYANKA CHAND 1 INTRODUCTION Fiji has a well developed financial system that not only is secure and sound but has remained flexible despite the recent global financial crisis. The strong involvement of the banking industry to the Fiji Financial System has been a major factor in this regard. Over the years the Banks have invested heavily in Fiji and have remained committed to delivering services that have helped shape and develop our country into what it is today. At the end of 2010 the commercial bank’s assets alone was approximately 42% of the entire financial system and this highlights the importance of this industry in the local economy. The value of total assets of the commercial banks at the end of 2010 was $4.5b and equates to around 75% of GDP. Commercial banks are financial institutions that primarily intermediate between the savers and the borrowers in an economy. They also buy and sell foreign currencies and facilitate trade and the transfer of payments both domestically and across international borders. It is these very transactions that help to pay for our salaries, the importation of goods and services that we use almost every day, and provide the much needed capital for investment. At the end of 2010, the total loan book value of all banks stood at $3.1b and this has grown by 159% over the last 10 years. Furthermore, Commercial banks play an important...
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...Corporate Finance BAO3307 Assignment Semester 2 2013 Introduction This assignment focuses on risk, return and equity analysis. The expectation is that students will develop skills in measuring returns, risk assessment and analysis and valuation. Students are required to use the data provided in the case problem and exhibits to answer a series of questions. Assignment Components The exhibits contain financial information on Swagman Ltd, Gaslight Ltd and Airspace Ltd. It also contains return information and dividend information for two Stocks Axel Ltd, Titan Ltd, and the share market index. Required: You will be required to complete this assignment in teams of two or three. It is important that you form your teams as soon as possible. WebCT can be used to identify other students who are seeking partners for a team. W can make announcements prior to the lecture to alert other students without a team to meet after the class. Team members do not need to be in the same tutorial. Please note that under NO circumstances will we allow assignments to be submitted by individuals (This is a group assignment). Note that marks will be deducted for poor presentation. Assignments should be stapled in the top left hand corner. Please do not submit assignments in folders. It is also a requirement that all assignments be submitted with a cover sheet. This cover sheet is now specific to this subject and a copy will be provided on WebCT. Assignments will not be accepted...
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...Securities and Exchange Board of India Stock Market Volatility – An International Comparison M. T. Raju, Anirban Ghosh April 2004 Working Paper Series No. 8 Stock Market Volatility – An International Comparison M. T. Raju, Anirban Ghosh Working Paper Series No. 8 The views expressed in this paper are those of the authors and do not necessarily reflect those of the Securities and Exchange Board of India. We sincerely thank Shri G. N. Bajpai, Chairman, SEBI for his unlimited support and encouragement in conducting research work. But for him, it would not have been possible to bring out this paper timely. We also thank many of our colleagues for their comments and suggestions. Contents Foreword Acknowledgement SEBI Abstract 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. Stock Market Volatility: An International Comparison Methodology Analysis of Results Inter and Intra-day Volatility Intra-day Volatility and Developed Capital Markets Emerging Capital Markets Indian Market High and Low Volatility (Volatility Transmission) Extreme Volatility Analysis (India) Return Squared Volatility Return Squared Analysis Conclusion and Recommendation References SEBI Working Paper Series (i) (iii) (v) (vii) 1 4 8 11 12 13 13 14 15 15 16 17 19 Foreword During the past few years Indian Capital Market has undergone metamorphic reforms. Every segment of Indian Capital Market viz primary and secondary markets, derivatives, institutional investment and market intermediation has experienced...
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...A REPORT ON BALANCE SHEET ANALYSIS OF LANKA BANGLA FINANCE LIMITED AND INTERNATIONAL FINANCE INVESTMENT AND COMMERCE BANK LIMITED Date of submission: 8th November 2015 Submitted to Farzana Lalarukh Associate Professor Department of Finance University of Dhaka Submitted by SL | Name | BBA ID | Remarks | 1 | Sifat sadia | 17-003 | | 2 | Barna Paul | 17-047 | | 3 | Maghla Hossain | 17-061 | | 4 | Saima Sultana | 17-069 | | 5 | Nawsina Arif | 17-085 | | Date of Submission: 8th November 2015 Department of Finance University of Dhaka Letter of Transmittal November 8, 2015 Farzana Lalarukh Associate Professor Department of Finance University of Dhaka Subject: Submission of Report on “Balance Sheet Analysis of LankaBangla Finance Limited and International Finance Investment and Commerce Bank Limited”. Dear Madam, It gives us enormous pleasure to submit the report on Balance Sheet Analysis of Bank and NBFI as per the Advisor’s instruction. We expect this report to be informative as well as comprehensive as per requirement. Working with such a topic was an inspiring experience for us. We believe that the knowledge and the experience we gathered will facilitate us a lot in our future career life. With our limited knowledge, we have tried our level best to prepare the report worthwhile. Your acceptance and appreciation would surely inspire us. For any further explanations about the report, we will be gladly available to clarify the ins and outs. Sincerely, Sifat Sadia...
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...Ace Alberts BA 427 John Kinard January 19, 2010 Whole Foods Case Analysis The chief elements of Whole Foods are to offer the highest quality, leased processed, most flavorful naturally preserved and fresh foods available and market them in an appealing store environment that makes shopping at Whole Foods fun and enjoyable. They planned on emphasizing on perishable good (fruits, vegetables, goods from the bakery, meat, and seafood). The construction and store development teams for Whole Foods new stores adopted a leaner and more disciplined approach to store design and building manufacturing, including plans for smaller stores with simpler décor and smaller, less labor intensive perishable departments: these moves were expected to result in lower per store and per square foot basis. Whole Foods adjusted their pricing strategy by emphasizing the number of value-priced items that were available at Whole Foods according to Mackey was to “Stress our ‘value’ along with our ’value.’” Whole foods did research on pricing and came up with key items that they determined to boost the value perception of customers. They also instituted a program to get better deals from their suppliers which enables them to provide better deals to the customer without having to cut into their profit margin. The way that the displays were set up also changed, aisle displays where no longer filled with gourmet cheeses, upscale wines, exotic fish produce, and premium priced items but with budget...
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...Journal of Financial Economics 61 (2001) 000-000 The theory and practice of corporate finance: Evidence from the field John R. Grahama, Campbell R. Harveya,b,* aFuqua School of Business, Duke University, Durham, NC 27708, USA bNational Bureau of Economic Research, Cambridge, MA 02912, USA (Received 2 August 1999; final version received 10 December 1999) Abstract We survey 392 CFOs about the cost of capital, capital budgeting, and capital structure. Large firms rely heavily on present value techniques and the capital asset pricing model, while small firms are relatively likely to use the payback criterion. A surprising number of firms use firm risk rather than project risk in evaluating new investments. Firms are concerned about financial flexibility and credit ratings when issuing debt, and earnings per share dilution and recent stock price appreciation when issuing equity. We find some support for the pecking-order and trade-off capital structure hypotheses but little evidence that executives are concerned about asset substitution, asymmetric information, transactions costs, free cash flows, or personal taxes. JEL classification: G31, G32, G12 Key words: Capital structure; Cost of capital; Cost of equity; Capital budgeting; Discount rates; Project valuation; Survey *Corresponding author, Tel: 919 660 7768, Fax: 919 660 7971 E-mail address: cam.harvey@duke...
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...Investment Valuation Assignment On Altman’s Z-Score Submitted By: A Sreekanth Vidyasagar Garvit Sharma A Dixit Altman Z-score The Z-score formula for predicting bankruptcy was published in 1968 by Edward I. Altman, who was, at the time, an Assistant Professor of Finance at New York University. The formula may be used to predict the probability that a firm will go into bankruptcy within two years. Z-scores are used to predict corporate defaults and an easy-to-calculate control measure for the financial distress status of companies in academic studies. The Z-score uses multiple corporate income and balance sheet values to measure the financial health of a company. Z score bankruptcy model: Z = 1.2X1 + 1.4X2 + 3.3X3 + 0.6X4 + .999X5 Explanation X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors....
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...advantages and disadvantages are discussed for different financing methods, cost of finance, financial planning and information and many other issues that help to gain a proper knowledge about the financing in organization. Different books and journals have been used to prepare the assignment. Contents Introduction 3 Requirement 1 3 Task 1.1 : Business needs finance and available sources of finance to a business 3 Equity financing 4 Debt Financing 4 Lease Financing 4 Task 1.2 : Accessing and comparing the implication of the different sources of finance 4 Implication of equity financing 4 Implication of debt financing 4 Implication of lease financing 5 Task 1.3: evaluation of the appropriate sources of finance for the above mention businesses. 5 M1: Critically evaluate each available sources of finance to that particular firm. Evaluation should include the pros and cons, and legal aspects of each source. (Merit M1). 5 Case study 1: An engineering firm 5 Equity financing for this firm 5 Debt financing 5 Lease financing 5 Case study 2: Individual financing 5 Equity financing for this firm 5 Debt financing 6 Lease financing 6 Case study 3: Large plc. 6 Equity financing for this firm 6 Debt financing 6 Lease financing 6 Case study 4: Local Do It yourself firm 6 Equity financing for this firm 6 Debt financing for this firm 6 Lease financing 6 Case study 5: Rugby club 6 Equity...
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...City of London College Assignment on Managing Financial Principles and Techniques Course co-ordinator: Miss. Safeena Submitted by Mohammed Aamair Khan Student Id: 000103307 Course: Advance Professional Diploma in Management Studies Task-1 Introduction Finance is the lifeblood of business. It is required for all the business activities like production, marketing and all the other resources. Finance includes saving money and often includes lending money. The field of finance deals with the concepts of time, money, risk and how they are interrelated. It also deals with how money is spent and budgeted. In this Assignment I’m going to see what are the financing options available and which one of them will best suit my Company’s needs and result in profits. The best financing package for your business requires careful planning. An effective plan is based on these questions: 1. Why do you need money? 2. How are you going to use your money? 3. How much money do you need? 4.How much can you afford to pay for your funds? 5. How and when will you pay the money back? These questions should be asked before you need money. By planning ahead you will not have to make a last minute rush to get money. Last minute money tends to be more expensive! Understanding financial needs There are several different ways to solve any financial problem that your business encounters. Running to the bank for a loan may be neither the easiest nor the best solution to your problem...
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...analyze the data from the last Form 10-K filed by Apple Inc. by computing the various financial ratios and comparing them to Industry averages of its category, and by presenting interpretations to show the significance of these ratios and simply explain what do they mean? The data used is real data; it was extracted from the last Form 10-K filed and published by Apple Inc. dated September 24, 2011, (See “Form 10-K” Link on the List of References). I rebuilt the tables on a separate excel sheet to facilitate the computation of the ratios and for the purpose of analyzing and interpreting them, (See the Appendix for a list of all the Tables). Apple is classified as a personal computer business, therefore the industry averages used were for the personal computer industry, and the data was extracted from the Daily Finance website, (See Table 4 in the Appendix, or “Financial Ratios” Link on the list of References). Background Apple Inc. was founded in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne, and is headquartered in Cupertino, California. As of September 24, 2011, Apple...
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...Program Project Technology Resolution Business Plan Background and Introduction Technology Resolution is a Premier Information Technology Company formed by three Sierra Leoneans who studied in the United States and aim to introduce twentieth century technology to their country of birth Sierra Leone. Sierra Leone is amongst the least developed countries in West Africa with a population of about 5.8 million people. They are well known for their natural resources like diamonds, titanium ore (rutile), bauxite, gold, iron ore, platinum, chromite, manganese, as well as forests, abundant fresh water and rich offshore fishing grounds. However they are still underdeveloped because they lack the technological know-how and machinery to tap into their natural resources (Sierra Leone, 2012). The telecommunication infrastructure of this country was heavily damaged during an eleven years of senseless war and the internet service is currently very slow and expensive. The lack of advanced methods and technology to maintain an efficient database system is having an adverse effect on the productivity of different companies from all over the world who have bombarded this country to tap into their mineral resources. Sierra Leone became one of the ideal locations to establish Technology Resolution because the culture, language, legal system, and business practices of its customer base is well known by its owners (Collins, 2006). In addition, Sierratel is the...
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...Executive Summary This paper provides the historical background and financial data of two of the leading information technology (IT) corporations in the United States. Going beyond their humble beginnings to the present, an analysis is made of their current financial performance. This serves to compare and contrast the differing business strategies of the two financial juggernauts. The two companies are direct competitors in the IT market place. Developing cutting edge software that is futuristic and enticing is what Apple does best. Apple has the ability to offer a diverse product line that caters to a wide variety of consumers, especially tech savvy earlier adapters. Dell’s marketing approach is to create a product line that is affordable and easily used by the general computing public. Audit reports, ratios, cash flows and income statements are analyzed to gain a clearer picture of which marketing strategy is proving to be the more successful. Corporate Histories and Strategies: In 1976, high school friends Steven Jobs and Stephen Wozniak shared a common love and interest in electronics. In their early stages, Apple I & II were designed as a hobby. Apple I was actually created in Steven’s bedroom. “They would showcase the computers at the Homebrew Computer Club (of which they were members) as a demonstration (Apple Museum, 2011)”. The highlights were the video screens, and the fact that it used few chips...
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...BS | CA | Notes payable | BS | CL | Operating expense | IS | E | Paid-in capital in excess of par | BS | SE | Preferred stock | BS | SE | Preferred stock dividends | IS | E | Retained earnings | BS | SE | Sales revenue | IS | R | Selling expense | IS | E | Taxes | IS | E | Vehicles | BS | FA | * This is really not a fixed asset, but a charge against a fixed asset, better known as a contra-asset. P3-7. Balance sheet preparation LG 1; Basic – Personal Finance a. Adam and Arin AdamsBalance SheetDecember 31, 2012 | Assets | | | Liabilities and Net Worth | | Cash | $ 300 | | Utility bills | $ 150 | Checking | 3,000 | | Medical bills | 250 | Savings | 1,200 | | Credit card balance | 2,000 | Money market funds | 1,200 | | Total Current Liabilities | $ 2,400 | Total Liquid Assets | $ 5,700 | | | | | | | Mortgage | 100,000 | IBM stock | 2,000 | | Auto loan | 8,000 | Retirement funds, IRA | 2,000 | | Personal loan | 3,000 | Total Investments | $ 4,000 | | Total Long-term Liabilities | $111,000 | | | | | | Total Real Estate | $150,000 | | Total Liabilities | $113,400 | | | | | | 2011...
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...this issue. More specifically, the study strived to explore the internationalisation options, incentives, problems, and business strategy among manufacturing SMEs. INTRODUCTION Globalisation offers various internationalisation opportunities to not only large enterprises, but also to small and medium-sized enterprises (SMEs). Internationalisation provides firms with opportunities to expand their sales, lower their costs, and improve their profits. Although internationalisation presents firms with tremendous opportunities, the complexities and challenges of international marketplace appear to restrict their interest and frustrate their efforts at internationalising (De Noble et.al, 1989; and Burpitt and Rondinelli, 2000). 1 In the case of small and medium-sized enterprises (SMEs), they seemed to be slacking in the area of internationalisation. In spite of the fact that international markets can provide them better opportunities for long term growth and profitability, their share of export sales is disproportionately lower than their share of sales in the domestic economy (Acs, Morck, Shaver, and Yeung, 1997). For example, in Malaysia, although SMEs made up of more than 90 percent of the total manufacturing firms, currently these firms are just exporting less than 20 percent of their total output....
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