Corporate Updates - Bangladesh’s Post

bismillahi Al-Rahman Al-Rahim... i happened to stumble upon a system of financing called Home Equity Line Of Credit "HELOC". this is a revolving line of credit secured by your home. It allows you to borrow against the equity in your property and use the funds for various purposes, such as home improvements or debt consolidation however failure to repay could result in the loss of your home out of the compounding effect. I feel this is an alternative worth exploring by merging it with a diminishing musharakah and ijaara contact. conceptualisation 1. property evaluation. * This involves establishing the value of the property and its rental potential * with this, the limits of possible funding can be established also depending on the client needs 2. approval and contracts * A diminishing musharaka contract is signed agreeing on -the amount payed -percentage of shares (can be agreed to vary from actual percentage) -installments and tenure - rental value * The bank purchases shares from the client worth the amount needed by the client and receives back the total amount paid in shares plus the rental fees paid by the client for the period for which the financial institution held the shares. a little more clerical analysis of this would be nice and hope it will one day be polished to reality... i will be grateful and humbled by your insights and potentialon this on a professional and clerical leverAnis HAMDANI Amman Muhammad Abdul Davids Yousif Alnoaimi, CSAA Molu Halkano (CSAA) Muhammad Issyam Ismail, Chartered Banker, CSAA Dr. Issa Al Mansour Humayon Dar Faraz Adam Hafiz Maqsood Ahmed Shakir Jakhura Khalil ur Rahman Mufti Khalid Hasani Mehdi Baddou 🇵🇸 Muhammad Ikram Thowfeek Neni Hardiati Tresna (Nida) Mohamed Hisham Hatahet (PhD, MBA, IFQ, CSAA) Qirate Khan Khalil ur Rahman Samina Akram Taha Kasule Ahmad Yazeed Lutta Dr Mufti Yousuf Sultan Camissa Asset Management BankIslami Pakistan Limited Cambridge IFA Dubai Islamic Bank Islamic Development Bank (IsDB) Harvard Business School Islamic Development Bank Institute (IsDBI) Knowledge Economic City London Business School Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) AlHuda Centre of Islamic Banking & Economics Qatar University barakallahu fiikum #Islamicbanking #Islamicfinance #banking #entrepreneurship #investment #entrepreneurmindset

Announcement of Significance 📢: I have undertaken a pivotal role as Treasury Operations Officer at Meezan Bank Limited (MEBL), Pakistan's foremost and largest Islamic commercial bank. To my esteemed LinkedIn Family, This nascent phase in my professional odyssey resonates with fervor, progression, and infinite prospects. Primordially, I extend profound gratitude to the Almighty for orchestrating this transition seamlessly. I am ardently poised to immerse myself in a milieu that espouses a dynamic work culture conducive to professional evolution and avant-garde ideation. I harbor sanguinity that the competencies and erudition acquired will become indispensable in sculpting my trajectory as a finance luminary. At this juncture, I wish to articulate appreciation to my mentors, confidants, associates, and familial cohort. Your unwavering faith in my aptitudes has been the impetus propelling my achievements. I am beholden for your continual endorsement as I embark upon this uncharted sojourn. In denouement, I am genuinely enthused about forging connections with each and every one of you in this LinkedIn bastion. Anxiously anticipating the efflorescence of meaningful dialogues, reciprocal knowledge dissemination, and gleaning insights from the erudite minds ensconced in this burgeoning professional enclave. #meezanbank #treasury #innovation #opportunity #growthmindset #linkedin #community #finance #success #acca #career #future #accaglobal #development #ftp #accatrainee #financeprofessionals

Insightful discussions at IBA Centre for Excellence in Islamic Finance with our Founder & CEO, Ahmad Khan and industry experts including Faraz Younus Bandukda, CFA, Tariq Naseem Ejaz Muhammad with the session being moderated by M. Farhan-ul-Haq Usmani Mr. Khan shed light on the untapped potential in the Pakistani market, emphasizing the open opportunity for a Multi-Asset Investment Platform. #IBAKarachi #MarketOpportunity #InvestmentPotential

Insightful discussions at IBA Centre for Excellence in Islamic Finance with our Co- Founder & CEO, Ahmad Khan and industry experts including Faraz Younus Bandukda, CFA Tariq Naseem Ejaz Muhammad with the session being moderated by M. Farhan-ul-Haq Usmani Mr. Khan shed light on the untapped potential in the Pakistani market, emphasizing the open opportunity for a Multi-Asset Investment Platform. #IBAKarachi #MarketOpportunity #InvestmentPotential

Congratulations to respected Professor Shibli Rubayat Ul Islam for his reappointment as the Chairman of Bangladesh Securities and Exchange Commission (BSEC) for another four-year term. We believe, under his prudent leadership, the Bangladesh Capital Market will continue to play a more active and sustainable role in supporting the country in its' growth journey. Best wishes from Prime Bank Investment Ltd. #primebankinvestmentltd #pbil #primebank #capitalmarketofbangladesh #BSEC #accesstoinvestment #accesstocapitalmarket

By obtaining the esteemed Best Islamic Stock Exchange Award 2023 from the Global Islamic Finance Awards (GIFA), the Pakistan Stock Exchange (PSX) has accomplished a significant milestone. The fact that PSX has received this prestigious award for the third year running makes this acknowledgment all the more notable. GIFA is a well-known platform that honors excellence in the Islamic world's banking and finance sector. Since its founding in 2011, GIFA has given prizes to people, organizations, and government agencies from all around the world that have excelled in advancing Islamic banking and finance while upholding a commitment to social responsibility. #WomenEmpowerment #FinancialInclusion #BankAlfalahUNWomen #EmpowerHer #GenderEquality #FinancialLiteracy #WomenInFinance #UNWomenPartnership #EconomicEmpowerment #FinancialEducation #BankingForAll #EmpowerWomen #UNWomenCollaboration #WomenLeadership #FinancialEquality #HerFinancialFuture #EmpowermentThroughEducation #BankingForHer #UNWomenInitiative #SheIsEmpowered

BAT Treasury Team Triumphs: Navigating Financial Complexity   Proud to announce that our Treasury Team has been awarded the prestigious "Overall Deal of the Year" at the Deals of the Year Awards, organised by the Association of Corporate Treasurers. In 2023, we executed the largest combined bond issuance and repurchase from a corporate based in the Europe, Middle East, and Africa region, significantly de-risking our refinancing events and enhancing the Group’s financial resilience.   This landmark deal not only reduced our near-term debt maturities but also showcased our commitment in delivering a successful outcome, demonstrating our strategic #skill and unwavering #dedication. What the judges said: “In what was a strong field of category winners, BAT stood out as the overall winner. The timing of BAT’s deal, the order book, the concurrent buybacks and the multi-tranche structure all meant that BAT’s transaction was perfectly executed. Pure treasury at its finest.” Find out more at >> https://lnkd.in/dBEjtGzF Interested in pursuing a career in finance? Explore opportunities on our careers page >>https://careers.bat.com/  #Finance #DealsOfTheYear #ACTDOTY #WeAreBAT #ABetterTomorrow 

26th December, 2021: "Directors Titan Bank has 7 directors namely Mr. Tunde Lemo (Chairman), Mr, Mudassir Amray (MD/CEO). Mr. Andy Ojei (Non-Executive Director), Alhaji Abubakar Mohammed (Independent non0Executitive Director), Mr. Mackombo Chukwudi Lawrence Omoile (Independent non-Executive Director), and Dr. Adaeze Udensi (Executive Director). Its Management team comprises Mr. Amray, Dr. Udensi, Mr. Ademola Ajayi (Head of Compliance). Stella Nwihim (Head of Human Resources), Mr. Mark Oguh (Chief Financial Officer). Chineyeoke Uga (Chief Risk Officer) and Uche Ugboh (Treasurer). Dr. Adaeze for those who remember is a veteran of Zenith Bank Plc and also an executive director at Heritage Bank. Mr. Amray was once the Managing Director / Group Head of Global Corporate & Investment Banking & Senior Credit Officer for Citibank Nigeria and Ghana. Mr. Oguh was also the former CFO of Diamond Bank between 2015 and March 2019. Shareholders A search of Titan Bank’s shareholding structure reveal the following information pertaining to major shareholders and percentage ownerships. Aminu Yao, Shares owned 5,299,700, Percentage ownership 9.07% Luxis Int’l DMCC, Shares owned 28,090,400, Percentage ownership (48.09%) Magna Int’l DMCC, Shares owned 21,840,000, Percentage ownership (37.39%) They are all related parties to TGI. Titan Trust Bank is owned majorly by Tropical General Investment Group (TGI). TGI operates in Nigeria and West Africa as an investment firm with ownership in diverse businesses ranging from FMCG, commodities, agriculture, agric processing, pharmaceuticals and oil field services, real estate, and trading. One of TGI’s most notable companies was CHI Limited makers of the popular Chivita products. TGI eventually sold the company to Coca-Cola in 2019. TGI also owns WACOT Rice Mill located in Kebbi State which is said to be the largest parboiled rice mill in Africa. The purchase consideration was not disclosed, however, we understand it is in the region of $1 billion. Nairametrics also gathers TGI owns up to 85% of Titan Trust Bank while the balance is owned by other shareholders of Nigerian origin. TGI’s Chairman and Founder is Mr. Cornelius G. Vink (MFR) and has operated in Nigeria since the early eighties. In fact, older Nigerians will remember Caprisomme one of the most popular beverages in the country as his first major hit product. Vink Corporation DMCC is the trading arm of the Group. Mr. Vink is a silent billionaire and our sources indicate his organisation already has the financial muscle to pay for Union Bank’s majority ownership.

Discover the world of financial prosperity through Equity Investments in the Pakistan Stock Exchange! Begin your investment journey with Arif Habib Limited. It's as simple as can be, with endless potential ahead. #InvestinPSX #EquityInvestment #AHL #Pakistan

Independence Day is about being able to chart our own path for the benefit of the nation. Independence Day is about doing what’s right for our nation rather than being shackled by the pressures of others at the expense of our people. At Bank Islam, we strive to differentiate ourselves to offer Islamic Banking at its best. The journey has its challenges and most times impacting those that matters most to us - our customers. The struggle is real but it won’t deter us. Insya Allah the day will come when we see Islamic Finance will be the core of our Financial System in Malaysia. Happy MERDEKA Day to All and Congratulations to the Bank Islam team for achieving a commendable 1H results 👏🏻👏🏻👏🏻 — MAYBANK INVESTMENT RAISES BIMB'S EARNING OUTLOOK AMID A DECENT 2Q FY2023 RESULT — “BIMB’s 1H 2023 earnings were within our expectations, and we tweak earnings up by 2-4 per cent for FY2023-2025 estimates. Positively, the bank bucked the industry trend with a quarter-to-quarter improvement in NIM and its gross impaired financing ratio,” it said in its research note today.” https://lnkd.in/guG2-eQF