Burj Bank Case Study

Improved Essays
Overview of the organization:
Brief History:
Burj Bank Constrained, once in the past known as Dawood Islamic Bank Restricted (DIBL), is Pakistan's 6th undeniable Islamic business bank. The bank got its permit from the State Bank of Pakistan in May 2006, and formally started its operations on Friday, April 27, 2007. The Bank was the aftereffect of an activity of the First Dawood Bunch, with the Islamic Organization for the Advancement of the Private Part (ICD) in Jeddah, Unicorn Venture Bank in Bahrain, Al Safat Speculation Organization in Kuwait, Gargash Undertakings (LLC) in Dubai, the Singapore-based business person Azam Essof Kolia and Shaikh Abdullah Mohammad Al-Romaizan, a business person from the Kingdom of Saudi Arabia. In July 2011, the bank was renamed Burj Bank Ltd.

Prof. Mufti
…show more content…
3. Consumer banking
Financial Products:
Burj Caarsaaz:
With Burj Carsaaz you can have your very own auto decision without being overwhelming on your pocket. You are a salaried individual or a businessman; Burj Carsaaz is intended to meet vehicle back requirements of the individuals why should trying commute another vehicle or change their current ones.

Features:
• Least and Most extreme Financing Utmost > PKR 0.3 Million –PKR 10 Million
• Tenors:1 year to 7 years
• Coasting benefit rates renewable every year
• Compulsory takaful and tracker establishment
• Financing new, used and reconditioned/imported vehicles
• Least Client's Offer store to be 20%
• Age farthest point between 22 years to 65 years

Fleet Financing:
Features:
• Greatest period Five (05) Years.
• Snappy approbation process.
• Least documentation needed
• Title of Reducing Musharakah vehicle for the sake of Burj Bank
• Complete Takaful of the Ijarah Resources
• Benefit Rate:1 Year/6 Month KIBOR + Spread (to be recouped alongside month to month rentals)
COMPETITORS:
The main competitors of Burj Bank are
• Meezan Bank
• Dubai Islamic

Related Documents

  • Decent Essays

    Consolidated income statement Hedging, or reducing risk, is the same as adding value or return to the firm. False Refer to Instruction 10.1. Plains States would be ________ by an amount equal to ________ with a forward hedge than if they had not hedged and their predicted exchange rate for 6 months had been correct. Worse off; $62,500 Translation exposure measures the potential for an increase or decrease in the parent company's net worth and reported net income caused by a change in exchange rates since the last consolidation of international operations. Translation exposure may also be called ________ exposure.…

    • 620 Words
    • 3 Pages
    Decent Essays
  • Improved Essays

    Similar to payday loans, these are short-term high-interest loans using the borrower’s vehicle as collateral. Borrowers who get title loans allow the lender to place a lien against their car’s title and must surrender the hard copy of said title to the lender. If the loan is repaid in time, the lien is removed from the car title and the title is returned. If the borrower is unable to pay (defaults), the lender may repossess the vehicle and sell it to repay the borrower’s debt. • 90-days same as cash and “no payments, no interest purchases such as at Rooms to Go.…

    • 1252 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    It is the same process when you purchase the unit from the developer which sold only the area plus balcony and storage, the car park space is come with the unit with no charge ka. The buyer is travelling to overseas at the moment, I will try to reach her and confirm regarding the deposit payment and other conditions and get back to you ka. Should you have any further questions, please do not hesitate to contact me ka. Proofread: Please find the Buyer’s offer below, for your review: 1. The selling price for the Unit is THB33,640,750.00, which is computed at the rate of THB 275,000.00/ per sq.…

    • 957 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    The benefits of consolidating your loans are quite obvious and straightforward. You will pay lower installments per month and can therefore remain with something small out of your income. In fact, this is the only real benefit of debt consolidation. It cuts down your monthly installments and gives you more years in your debt repayment plan. The downsides are also conspicuous; you will end up paying more debt than if you used the original…

    • 734 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Life cycle costing is the aggregate expense caused from securing to transfer including the swelling, interest rate, devaluation and duties (however not to be incorporated in this examination). The prerequisite is to look into all the expense there is to be in purchasing an auto over a time of six years. The reckoning ought to incorporate swelling and deterioration and disregarding duties. The vehicle picked is a Mazda 2 5-seater car with 1.5L motor. It is procured money upon buy January 2015.…

    • 1499 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    In the Opportunity saving account it has an overdraft protection, but it does not include a limited checking writing. The third option is the Platinum savings account. The Platinum Savings Account is variable rate saving offering interest rates, available exclusively to Wells Fargo Checking Customs. The minimum to open the account is $50 and a monthly fee of $10 or avoided when requirements are met. To avoid the monthly service fee, you have to have a minimum daily balance of $3,500.…

    • 1074 Words
    • 5 Pages
    Improved Essays
  • Great Essays

    It could be said, that the company was formed based on emerging with other respectable companies founded as early as 1827. Moreover, Stork N.V acquired parts of manufacturing and aircraft servicing divisions of Fokker when the company was in a bankruptcy and formed Stork Aerospace. In 2007 Stork had bought a food division; however the latter was sold in 2008 to an Icelandic firm known as Marel Food systems, as part of the deal. 2.0 Group structure The corporate structure of Stork changed in 2008 when Stork went into becoming a privately owned company from being public. 99.6% of shares were tendered to London Acquisition B.V. Further takeovers of Stork business took place in the USA, in which a lot of well known banks were involved i.e.…

    • 3390 Words
    • 14 Pages
    Great Essays
  • Superior Essays

    If Glenn initially sets his goal to targeting the segment of the expensive car owners than he may have to put minimal effort into how many cars he services before seeing profits. Glenn stated that even while working another job he could service three cars per week. If Glenn were to make detailing and cleaning cars his full time job he could service far more than three vehicles per week and see profits doing something he enjoys. Before Glenn quits his current job I would recommend that he get the loan he discussed getting to ensure he has the necessary funds to begin this business venture. Glenn should also dip a toe into advertising methods rather than utilizing all method to begin with.…

    • 1462 Words
    • 6 Pages
    Superior Essays
  • Superior Essays

    It 's that simple. When you are looking into taking on debt do not just be mesmerized by whatever it is that caught your eye. Debt management mandates that you have to run the numbers. Yes, you can finance that car and drive it off of the lot right now, but is it worth it to pay $40,000 for a $19,000 car? Even if you have to use…

    • 1732 Words
    • 7 Pages
    Superior Essays
  • Great Essays

    Walvis Case

    • 6214 Words
    • 25 Pages

    The value of VND is not high. 1USD ~ 23,000VND. 1 Chinese CMR ~ 3,500 VND. Chances: The country GDP growth rate is around 6 or even 7%. Hence, it is a potential market for any business (The World Bank 2016) License tax Newly established businesses that start in the first 6 months of the year need to pay the whole year tax.…

    • 6214 Words
    • 25 Pages
    Great Essays