Islamic Banking Strategies in the World of Fintech: Success Story of Bahrain

Author(s):  
Zakir Hossen Shaikh ◽  
Adel Sarea ◽  
Mohammad Irfan
Author(s):  
Kenneth Bertrams ◽  
Julien Del Marmol ◽  
Sander Geerts ◽  
Eline Poelmans

AB InBev is today’s uncontested world leader of the beer market. It represents over 20 per cent of global beer sales, with more than 450 million hectolitres a year flowing all around the world. Its Belgian predecessor, Interbrew, was a success story stemming from the 1971 secret merger of the country’s two leading brewers: Artois and Piedboeuf. Based on first-hand material originating from company and private archives as well as interviews with managers and key family actors, this is the first study to explore the history of the company through the nineteenth and twentieth centuries.The story starts in the mid-nineteenth century with the scientific breakthroughs that revolutionized the beer industry and allowed both Artois and Piedboeuf to prosper in a local environment. Instrumental in this respect were the respective families and their successive heirs in stabilizing and developing their firms. Despite the intense difficulties of two world wars in the decades to follow, they emerged stronger than ever and through the 1960s became undisputed leaders in the national market. Then, in an unprecedented move, Artois and Piedboeuf secretly merged their shareholding in 1971, though keeping their operations separate until 1987 when they openly and operationally merged to become Interbrew. Throughout their histories Artois, Piedboeuf, and their successor companies have kept a controlling family ownership. This book provides a unique insight into both the complex history of these three family breweries and their path to becoming a prominent global company, and the growth and consolidation of the beer market through the nineteenth and twentieth centuries.


1989 ◽  
Vol 17 (2) ◽  
pp. 26-28
Author(s):  
Patricia A. Made ◽  
Nyorovai Whande

Five years ago, women in Africa moved to the center stage of the continent. The U.N. Decade for Women Conference held in Nairobi brought together women from all over the world to exchange ideas and discuss future strategies. African women turned out for the meeting in force. Women representing governments, non-governmental organizations (NGOs) and grass-roots women's clubs converged on Nairobi to tell their story to other women in the common struggle for equality, justice and peace.


2013 ◽  
Vol 66 (1) ◽  
Author(s):  
Muhammad Ridhwan Ab. Aziz ◽  
Mohammad Mahbub Alam Noorizzuddin Nooh

Islamic banking has emerged in recent decades as one of the most important trends in the financial world, side by side with conventional banking. Website design has become a very powerful tool in disseminating information of a particular banking institution and this phenomenon has been fully utilized by both conventional and Islamic banks throughout the world. The purpose of this article is to analyze website design of CIMB Bank that offers both conventional and Islamic financing facilities. The methodology employed in this article is qualitative in nature through examining the websites of CIMB Bank. The finding shows that CIMB Bank needs to improve their both website designs in order to attract more customers to their websites and give true information with regard of their products and services. It is further suggested that future researcher tries to explore more in-depth website designs in terms of products and services provided by the conventional and Islamic banking institutions in order to increase their market shares. 


2019 ◽  
Author(s):  
International Journal of Fiqh and Usul al-Fiqh Studies

Entrepreneurs, especially in developing societies, which include many Muslim countries among their fold, face a herculean task in up-scaling their businesses due to a lack of capital to procure relevant assets to grow their businesses. The world Islamic banks’ competitiveness report (2016) identified poor financial inclusion as one of the critical factors responsible for the uneven distribution of wealth in the Muslim world. This study presents the Murābaḥah-Taʻāwun financing product as an innovative addition to the range of financial products available on the Islamic banking shelf to reduce the incidence of poverty. Murābaḥah-Taʻāwun is operationalized where a group of entrepreneurs contribute funds together under a recognized Islamic bank while allowing every partner access to the fund on a rotational basis for the purchase of an asset according to a pre-defined arrangement. The study highlighted the importance of Murābaḥah-Taʻ''āwun as an Islamic financial contract by reviewing relevant extant literature. The proposed product shows that greater financial inclusion can be achieved without recourse to riba and thus will reduce poverty among Muslims.


2021 ◽  
Vol 5 (1) ◽  
pp. 90-106
Author(s):  
Angga Syahputra

Indonesia has the largest Muslim population in the world. With this amount, of course, it should be a capital for economic strength. However, as of November 2020, data released by the Financial Services Authority put the Islamic banking market share at 6.33%. Efforts to merge the three state-owned Sharia banks into Indonesian Sharia Banks are expected to increase the penetration of the sharia economy in Indonesia, which is still far behind when compared to conventional domestic economic movements and Islamic financial transactions in other countries. This research will describe the extent of the sharia economic conditions in Indonesia after the merger of state-owned sharia banks into BSI. This study uses a qualitative method with a type of literature review research which is obtained from various authentic sources such as books, articles, journals and trusted websites. There was a 2.7% increase in the market share of Islamic banks after the merger. This increase when compared to the existing potential and the market is still very small. However, it is hoped that this impact will continue to increase over time, especially as capital support for various financial sectors and the halal industry in the country.


2020 ◽  
pp. 538-555
Author(s):  
Martin Conboy

The Sunday newspaper is an often-neglected success story of the twentieth century news media landscape. The popularity and profitability of Sunday papers grew throughout the century to establish themselves as flagships of cultural and commercial trends and an essential complement to most national daily productions. On account of their production cycle, Sunday newspapers were always able to do things that the daily press with its punishing routines and pressure of deadlines were never able to achieve. Mapped onto the characteristic social class and politically stratified perspectives of British and Irish newspaper reading publics, the Sunday newspaper became a prominent vehicle for the experiments in layout and content after the full computerization of newspapers in the mid-1980s; lifestyle, commentary, colour photography all were pioneered in this format. The range of geographical variants of the Sunday newspaper are also considered from the regional Sunday Sun published in Newcastle from 1919 to the Irish Sunday Independent and Scottish Sunday Post to the migration of English titles across Britain into Ireland with increasing national specialization in their content and appeal. The chapter also considers the varying reasons for the failure of high-profile Sunday papers such as the Sunday Correspondent and the News of the World.


Author(s):  
Seth Appiah-Kubi

There is lack of data on entrepreneurial successes in Africa. While there have been numerous research studies on entrepreneurship and family businesses in many regions of the world, there has been relatively little research done in the African context. This lack of research on entrepreneurial success in Africa is due to a variety of reasons such as the fact that most are relatively young and journals are typically housed in universities in developed economies. This chapter describes the success story of a family business in Africa. Specifically, this study sets out to determine the context of starting a family business in Africa: the motivation, type of business, family involvement and the mental attributes, and the challenges in starting and running a family business. Finally, this study recounts some of the lessons from the challenges and successes of the entrepreneur.


Author(s):  
S. M. Sohrab Uddin ◽  
Mohammad Zoynul Abedin ◽  
Nahid Afroz

Financial Inclusion (FI), a global concern of this decade, has been accepted by development agencies, governments, and policymakers as one of the pre-eminent ways to eradicate worldwide poverty and income inequality. Consequently, authorities are looking for possible ways to include the unbanked in formal financial chain. Islamic finance, specifically Islamic banking, with its welfare-oriented principles and unique products, has been able to capture the attention of policy makers. Moreover, a major portion of the Muslim population still exclude themselves from the formal financial chain due to religious prohibition of interest-based transactions for whom Islamic finance is the only way to inclusion. Bangladesh, one of the major Muslim countries in the world, is still to bring one-fourth of its total population under formal financial chain. At this backdrop, this chapter examines the empirical contribution of Islamic banking sector in financial inclusion condition as well as development scenario of Bangladesh.


2018 ◽  
Vol 5 (1) ◽  
pp. 205316801875762 ◽  
Author(s):  
Torkel Brekke

Financial inclusion is high on the agenda for governments as well as for organizations such as the World Bank. Research has pointed out that Muslims worldwide are less included in the formal financial system than non-Muslims, but there is no knowledge about the extent to which religious norms (most importantly the ban on interest on money) lead to financial exclusion among Muslims in the West. In this article I approach the issue of financial exclusion and inclusion through three interrelated questions that will be answered with data collected in Norway 2015 and 2016. The questions are: (a) To what extent do Muslims see conventional banking as a problem in their own lives? (b) Do level of education, age, national background or level of religiosity predict demand for Islamic banking? (c) Is demand for Islamic banking changing? This article is a first step in what should be a broader research program to find out whether and how religious norms cause financial exclusion of Muslims in the West.


1957 ◽  
Vol 16 (1) ◽  
pp. 1-1

What is the meaning of the word "applied" in our pages? It seems to us that most of our articles fall in one of the following four categories: 1) The description and analysis of some social situation in largely theoretical terms. The case may be from the United States or from some other part of the world. It may deal with a group or a community or an organization. If it is a good study, it at least has implications for action. And, if it is a good study, we will be happy to publish it, but we will be even happier to publish a good theoretical statement that fits into one of the categories below. 2) The failure story. Here the researcher describes how a practitioner handled a problem and got it badly bungled up because he failed to act in terms of the principles of applied anthropology which the author points out. We will continue to print good articles along this line, yet with diminishing enthusiasm. When the mistakes have been committed, it is all too easy to recognize them, but let's not make life too easy for ourselves. (Maybe someday a practitioner will write an article for us on "Blunders I Have Seen Researchers Make.") 3) The success story. Here the author reports how the practitioner handled a human problem successfully—and analyzes the factors underlying this success. Excellent examples of this type can be found in F. L. W. Richardson's special issue on "Five Case Studies of Successful Experiments In Increasing Food Production" published in far-off 1943.


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