FAV'SAL BANK

Ali; WI:! aU k!ii!Qw tJ!!!J weJI 'lti!at I1me~nd flfd,e waft 'fQ:r l'Io);le. SSI .be;caus~ ~ 'dill; r~:~r¢ dha~9'e: In time aAdara 'WE! illi'aftr tooopa witi'l 'it. Dunn~ this'eillll I ,gOt afiL op.~r;lUi:iit:lf of !EI~~g ,~cal 1~~~g~ahollll'4tU;! ~1'1~I'1S~ :!;i:~m 111'1 ~,~n. ~(!I t!Cl lQ~en~h' tile lU'iirst; of -pfill~~"1 a~pi:rl"ia and fJor ~iefmfl1l Ihe ~alJic 1iInO\Med~s iab"ri!liiil B;anH ~ J~mril FAVSAL. ~J!iNK IJM~ Joi'lSi FlCIlWiI'IIbmn'M LahoM" n:1iJ1~f'l91 sf)!· week fI'!I FIL IgoI'ltfi;!r ~II fI~ Inf~aliQlI abQtlt FElL

~ l'Ii1l)\('e ~F'II irr!-ade l(I epmp~r9:.,U'l!S. ~p(lf;l: if'! :suC1:h I '~'y Ul..al actWa~ Its,J~Uent l'e"al~tei!i !"!!ill mily for ru.tnJantlS but;aJ.i5rJ f'Ol" ti'te Ip~InW'l~ W .h.aVe, dlvlded Ihls· 'r:ep!ru1lnl@' ~~JIQnl ,~.rI.s s!:!;ob ali fnlroljiJj,cli.on eJ' bomiIBllQ ~~lem. hj$tQrnM'ci FA\'tSAL IBank, !1lal'ke'tlJ!'I!'. p:~u C~@" ilnd ·{)para.ftOJlS, h:umllin ~I,:I+U IliIQna~emll!nt, lh'la!fl~ •. I'Wn!.lhJ::;ltm an~ rb~~n:trlW~fUi! Ifiamlrf'Jf ~~&:s1~~l1!l ilI~em.

TCl be 6:lu bta'nk of "fI'rU dlll-ioB willflUilu h~gJile~t etI\Uc8lL pl'incrp:rfS as 01.1 r 8'" Idll"hglliiii"Cf.

T

TOI ~X~llfil p~vidlil1lj) innovAtlv~. ~t'lI'!UI' _~d Ib;1!Ii~]ng ;6ol~fi~iii)lj b;I ~ (:iM~glli1:g ,nmnjl$ Of ~rrle~ ancU:(t!Gl$ngrthlEi !'!the 1~1iI of titUit-'.DOJdi. j1e1!fatiffity.

OPEIN,IfYGDQQRI'TO lfMI,TLEIS ,PQ9S1Bll,ITIIESI

YfW.' epeJ1 11~OT t@ rJmtuesp,; ~s,sl~m'til.. ~:r ·cur t{iiii~b@t¢l~~ iW ~i:llm1l ~a!f'l~l"!g ~o'l~Ue!IS lhat QG.IW&r ~ulJs ijlr'-ougl'1l n1~U~I~1B ~~l'Inrnlil, f~~s; '~i'1rsp~tllfl~ otij~, :setli~f.1 p!'i@iiUIIHs r'J19J'ltl anti puitlPlll ,[O.~laoo SImI'EiWBS, ami. pmd_eS~.e1> Itfm hetp,' yi!!td ~.e!ltiI r gw"W'lhwilhtif,gJ:ba~ w-el!i.lm.

It f:aa~ n~t'se"r'HEmIDecidBd aiflb'hcw lli13"~w: 'bunK' 'Clll1giFlaleiil; SllImtnulillW'8 eplfl~ 'UiJ,t Uli![j, W(l,td II$.\ derlvoo ,rllim the \'(ijfd ·'¥:'1n~ps.'::or !'~f'ilg&u't whrth m~n ,iii b.enoo. The IFDplaJ'!!ll,'ti13I1'l<;cf 1:hl~Gri9in Is -aiil~fi)u!ed :iill, the fi{~ \h~t~fllil J'e'iirs 'in LOml:i~td¥, lranscl;etl ih~ IjnJl!;;1111~ of ,i'i'I'oMy &xc'h~/Si Qli'j ban;ehe.s rm fhl;!~arkm.~la@:, i!'\'ed hSMJii'I If:Iie,b~slt,u~ss fi;ljJta'riJ. the 'banfd W!Hjes~eI-~iY th9\:M~~ IlJd~ente,11Y trU'MMJ.;rd 'b.mknll;lr 1:S~d hi! f'-a@"D~IiI-~~I¥~tI, fr~ U'il'SfJti:i;.r~lfw '1I¥Q,g~~~ ~n mrs o~nirimar~~B~t ira was .~n.then Il®',w IS ~t ltla~ 'um'lta1lans, ~!l9'V ct!iBlI19;'I3i' were !'I:aW!r ~$ti 'Ilita'!iGttle:r~' lnl,lh:a:midl:ll!3 :age!!!!?

e1'llielr,laultierilfm.lI10ll::l l~el !tipill'liQ~r1hat~lM" _fdi"'iun!t' -ll1~ri\ii'ed '~m 'lfie$~rmari wer'd'~tk· ~h~dIl rnUlanSl:~"in't,~t(ld( r\Jflul'l~lter- Olil W~eriI 'lhe,G&JtmIlU'l$ QCOt:!pied ImajL:lr.fl'!'lrt df r~ly tft.@'"\"IWro' \tlaG~' 'wasd~{m;~d !nto ·~rilkt.

n, ~:El. nttn~ertl r:e !'I,tlt posSibf,e. to' d~tiCdle-;MjJ ,tOI whiM of (~e 'o:p:inions irN::ormrt:l,ror no 'mGdtd i:s,~iJeP!B to ~"~in lITl:a, ",alld~~y ·of ~nv gIlll1e apinlQni .

. aa,n~lo,g in i:tSm~dem ror:m o1nCi'stp.te41m stamfJ 1):1, a~ijjin wtlen mal~¥' Qt-meJ ,Lcm'P.aI'diV mem1!J'iiI:I:'iI:ts, ~me,m ~ngla~d in itJe;'r~IJ".e'li!th cenltU¥:anitLfiietl1~ 11'1 til~_e part&,oftl'ia: ~Ily Q'f"'Ih!1!IL.Qi"li:lon ~ callE!:d l.~mbiird ~traeJ.

lti~ .'kililgiEdwam -II I ~13hn£bI~ ~hBl omea of '~al EKenBng:a r frn- eh a ngj~1 fmalgn mp.rl!il~ aLa prdfit fJ.:)r the illpnellt. Oil' thu GfQWl1

1/1 1~ 'me' J!liIIm smdc: C0mpaIi1~, A(;["epefls1a an era;bf'~$~ IDle. lfLe Urnited li~lilY F!.~l. IB5!§. re'b'i~oo liIie ~r:@b~lity @('IJb~' )~"jI!'E!, II1CJIQJ Q'flha Iimi!ed®ffi~r!:I'lY'

ttl ~B:aIrilks do blll:!!I!liI'.,.~:&~"mf liltOh!.:l.J. I!iil'aliter baRb. do IillilSI:nH!!:Iof lllnllillll'l,OI amfl' ~Q~lliIg, I(1)Jin~."

(:3<~ "l3i,"ker iIlr a Itmnjli; !Dr apB(Son ',lilt cgmpm, ~Tl'i'I~gl QJ1 ~ I:t~sl'nani fQul'li'ilno I m~!,!e,~, andl cg.lt~tJnp ~raftst:D:I' rcu.~igmm ~uij;e.@t~'D' the ~1I;)If;Da.GD'n m hi!;iirlJonng u:~ttues draWli uptmJ ,00u!i'1'I from ttme to tIm.s lij" ,tfLe CQ!!-h-mIliU~'J'Ql eX1;flnt ~ 'tt!e iIlmQW1.'l ,,!wallilbl'f! QlIl!th~T~ !;!~nt:a~ounll!/i~.

l'lJesJOIJClalillks:

'Primafjiy·am' bank&g~~ ~Jil'1P"ofarilv tdll~ me;nay"for Ulo pu~ oflen~li~ to"o'lliJ¥r a:n~ lr'lilol~trr!i~rI't~9i.1 roll In UiEl 'for"!'l! ,~r re.!Mm,P~!ils a!1d dTlI!i'T~4$ e~ how~t1lr, ,due to lii'1~ \IlsrilYc:r rtlSOl:ilrcoi> ,of' mcn~'KliM. 'file. divemtts'· 11'11 ~er:tjfj~~,<iarid im/ElS~rrl;9nt opsmti.Dl'Iia, b~~~ M\la In~fJn ~lel,,~; ~I"I v~d'oUs:ca~OORrl!;l$, ~uo.h1liJ;

Ji. C~mmaRrral bami'1i.l )0 Iiai'l,me,s ball

)0 M'Bf.chaRt balll'kft

'> '-:cdSl~banb, :;;'Con !1U:ln'lElIII' I~lmih ,. ~!1veslim~n~. ~II'I'" '~ Q~~I._fik

Camme,raral B.ank~:

Th~u;Gm.mBr'Ciai tJl]lI'IllS'reo~l¥w deposits oom me i~.el<a1\ publ'icl w1i11C1m, 'Bml ,r~~~aI:lIB on .de rnafliil ol!!I~'vmhn Q,~an;! (if t,-.e d:~ltl1l~As ttiQlr 'me.~l ~[I~tinOl'l~a f~.i'WIB th iijJ rC~ffi'mlJ!i~~ll:1"al1~ m,alll'l.wtn ''hal ctlln~kinfra~iJ!nLSrQr the cOO~I.QUooSj;

T-e ~m~rcl;al hi.al1kslne ruso d:rs1ih£Iui'Si~1\lid rur ,pr9lJlidiflg o:Sh~~1):nml1f18nce'w trade, 'c.ornmE;i~ 198~1 in~lJ~ tQ el1~bli;l th Gil!: ~~.Wf$iJ~ Eiltp;nd 'tt!!;;~~ I~~d~ _vi~es

.Marchil"' Banm

!Jliterol1ant ~~a~~ m'!i;!' tlll:lifi~ whfili:1!l h!t~el beE;!;r:'! mainly tilIUIf!~f!g. tOO '~PlRl;!.~~:C1 >!incl. I'n~ematlol'lil ba~Q; 'CuringttMti: IIilIS: 1.Bi!' anliil'- ea~~ 1~ ·wrnl!Unas tha lra~~ belwsBlFI1 IMlInlrltllS, wasfiT'i:al'lloBlctb;y bm :Qf~~(lha~ ~y,w-eU.i't!pUMld merthanh:; houses ·in"r'Wlilio:h· they' wol,ltlii !lh",J'Q~P ~ml~,l!!t9J1l f~ thel.r ~eI'\iJ,~

,Sa¥h) In Banks,.

TIte lia~l~ pU.l;POOe O'I'lhes§l b',Pnk, is l\'J il'!cYt~le, 'lnee t!.ablt afsav.,]I!iI(i ~n Ll;te .jjfI'!gple Ule 18a~ln!!ls baFili.{"S;, deposllsaro IfI"Ot r:epah!aclJl'!!!, i.lPO~ or:llj' t~a V\!fitl.elil !ll~~[ lot dQp:osill;u: bat \he clJlP~iOO;fIf hT~ ~~l!;1t ~ till a.l'!pe~r Rll~oflaJly ;~lU1e' ~ylnj} ~n~ ~ m8~ wfUilitl~1 an!:! tG r 1I1i"s:·'PJ.I~a·ne fflL!Rt PI1ilIl~r:It,~a p~fi_'k,~\'~mli!l3~eO"f !:iIe~:I?5!t"'(lr '$tl~9"'1S!mirar dOC1]manlHS '[Q ~ hJ~~~gtn to ra~e !'Ai's, ,p.a!vm-r1iflt9. RoS~offi'd9~~rB'flgs· ~1l!I"l.tfs a~d ~[r:J~ a!c@,uJJt!;li\l l'Ia,~naJtm',I'i!'lQ 6QJJm!z:aUli.lllt! am We'll ik~flnaHQ~OII @,vlfl'g ~nks" In IPaldi~.J1l.

' .... ag"e 'Banks:,.

TI_e banks' mafnty deal In loans .. fo.raeq1JlisltiQ:n .or W".nfill'uOOo:n of reilll~ eslam:al.i3ill~t 'Un!, se.wi"it1~ ~rmQ~gm~:

lOionisunU!f Balrn·ks ~.

Th~!ll b;;inl(s i~li:!in9 - Uti~n~ -kit'" pY~i~lllG ~clIl·J\ilIflpli~n ~s r"'r !hI:! oifu -or' 9r:aI!,'veros

"""eStment BaJil'Im:

Th.~ bo;m!m ,as'~~ b~ifl:e.!i5..b~1iIses·.8Ad ~mmIlVt.ai11 tlocill(ls 'l;;Iralse, mQnay ifllm1'1gi~! lille sal'lil m'. slOOks ~nd btl:fQd -rQr ~S\Jrulv I~il!i 1eJ'm ~utJQl:i~III'l@. b""i~ fiI~Mrrrr 'Illa

~Sluar Iuru:;!tiQJClsY Df Ili\'l:l'$h~S, dlll~l~ of !!dile monayJrom tnltl pu ILllic 'l[r.ld nnanoe' LIt1.~' bglibi~~ ti~~IiI'S Q.th~r lbOOi@s •

.c.elilta~ Ban,.:

Ca'fI'lfal ba;n:I!i~ot:Sw~iY' tI1il1l urii~ijli!<pQ~it~Fl In-ba'F!li:llfl!l:};s.1mbttirre"o:~~ wunt'f be-GildS\!! they. .1i:I:a~,e been· :lnterrte51,\ed ~Ih the l:eS,f;)'I~rtlillb1m'1Y qf oon'~mr:r~ 'thar J'I'l-o:f;!l:ay S4FlPIy;, tAxers!.' f'iitajOiUlalinftn~~1 ma~t of a ~1:Jllitry for~hfl P1J~B riI' '~~n~mle!l"[e'J!ife~ment.

ci:&:la mic .'!Ilok""s:

ISl.tlm~G qEliI'!'~ il~p~~Nd 1;)0 the worfdl$~n'e a.s.ti~fi~ p!ayers b~e:f LWO de~d:~ agEli 'But'''"ml'lFclJ w;'lhe pnf(Glp1eSl'u~. wntcl1lstamTtl'bankin:ii!l15:1:J~1 ba\l'G bl3'eln wrnmciflly i!3i~I1l~~lltlrl~~rlh!\l' W!G~!t'br ~p:w.r(~.'rtW~r'~ai1I~,~~::ieJ;~,

Ro~i!jIJ,~ c2IlPJi, Df Itili;ll WQI"\'r;t1s p~pl,J1aUtJIiiI ·Is: la1.ami~. W1I'ihe 'Sqrrie ~n !fie Wijs.:.tem ~r1fa' ihink (l\'£fs: :~n;ltlM fs orn"ly Ih ~kFEr MTltI'dh;! Easr,ltre rell"Eliof[ ts tiildyg1~I! room NtIr€i, I'!lUddifl'Ea~, t.o<·Amfl~o!&lm1, ~ the Y:!:j" :ta If[dJIIl$ia, ,al'lJI eve:1iY Wf!J~N ,in bIllwa~fl! . • nli~n ltc-Islamic fi~arn:;e QD\f~~usl~ 4~!lf:E!!o~~:d;~ij!fl~;g...-11 i D!lI,~ lIris woMy' tD filQl\e tI;~t ;f;\If;lI&:~am['!:l '~l':!anmc meetinG w,$aG1:ua1l.ys.dle_Glut~ ftlt'$1.2 in tIi.e1 'me ~d mat !heffilamfe FiliuilfU:;~ llJiIolliem~!'It'M'!l!,<JtFeatil,:y . .Qrewil!9 vilf',y rapidl,. A~rdin'l:!il 'le- fDtilJU!;teS. 111 We Wa~1 S:tmij~ J.mJm·~1 ~~I!!w!1h~ '~nar!~ is,. rrnoElhIY!'il·:S1150:_blllit~ doliar ml;l~t:.

$ll\jtill1al!

h.n-hMamiL€ EOOMriiI~ i~\an ,i;!C(frn:lm~rn~lt F~ ~'Icll~t~d b~,a1'"iii,t ~. milt lm<S'OOI tiFi·. gl.d~inijS; :~t by 'lba !!ilaf!JIi~ '·:Shi~.r

Shana fS' LMresel ,s'''I1ll1wSlinS"S 'rII'Ilinlienlid jfllitiQ QUJ:a1n.

~ J. . .....;, - •

Islamic FinanDing~

lsa CW'l~pt that, am~r;g,tK:I in acltll'ltilic manner~J in ~lie. SIllOOJl.G hulf'0flhe ,~<oenl\li~ With t~e ~nding role 'Ih~t U:i!li' b!fl!FlK'f19 s'y!;Ilem~llJJd IrnQni;JY' h;fi!-gling,~a!1Y MY~irn lei1m'l'fiuntni~S'·v.rGrara~Qch'i,rllti :a F~em ,I;IVtlf'itU:11 '~n,ept ¢ll'~~ST.

In lsl~mrc ~!;It:iai'-:l~h!!3\m l~ .. st~rg]i"u ·ftnvJ.am 8i'!1d deffrnfti!! ruh~1 (hbt: ln~8i t'a bE:! cOb~~d, T..e N'Q·mBA~.

RU3a~

6\1' Defirli!f@:I'!; Bfba:ls' iiil'l:,A:"rab[1il ~Ih~t 1i~lIy me~"'!i. ~,~tra!~

In Feg.IDtI!9i to fslamlo S.ruma, Riba .means~B len(jl~l of mehBV fur a i!lpe®ifitll:Jim.e wliLem' Il.iIlPOr:J11'tnf.l,llefld'eI\n:e~i:Yes I~'mqnely,wl~ IMII.EKrRA ~mlllLU11~'9~ upQn~ IlhWM,~at !'If:l..@~ pe'~pIB ~n ffnar'lCQ ~Ii IliItBM:sl,

A;~f!1it fb,Q~na'i;lhar ~i!rgi1lo' !'lI(I!:r p@!/JAm ~n~$t [!';!c .. sn l!1l'lr\gulligb !;l!1lrlOOpt. ~p'aQ1{!nll" If wi ~M~j' Ute ~lt~,'aoo tilli~fna~~~Qllnbal banlllnig ;s:ts'hlrn (JIhall 1s [!lI.te~!W;!J'1, iMt'f'!:

• :-.!" - 'I

a1l1l1i~Id'elIY ~PElm of O!!!f: rife) la·based OJ:l ~n'lere$t.

lihraJ:!! t.mns, offlnall\ch:t9~

.' MQ.da.m1m I(Pai1f!:tpa.llul'li "lnin£~~:aJ

.' ""D~bahiii! !lFlnla.f!~J!,!g ~~fQ of GD~')1 • Dam ,~"'.Q~Qfll'li.ncLnsJ

IMIi:!~alibal;

Mod'"araba ,(fi~lHpalijl'rr FJrnI!iI!SJf\iI) 'faDs und,jr'~li1ret! ~IBli~ries

• lJerl\'(a:n.(H)9~m;fts;

III, MiU~lJi:I] !'IiI,ye5iIrh'em~ llleposUs

Isom~Ti<'msrmrFE ~F ~NFOOMAJiQfit n~H~OOiY JlNN~ cm~~S,Mt:-JQ'RE

,Moraill::laha:

An~,tl'itlr fOrm~;a ~1afiQ~Shlp "Ib~e~lir~n ill oUS!'!l)'li1!lii'a~dali +ii~~: ~nJl!:;-f~·Uijfat\;ijf b~}i'i:!r :aJfJ.~ SltUer.fb.js ®I1Ecl is: 1!;~n ali '~~aha~ (Fll'1iE!ll'u;;~:n!;l·~'saJ~)~f~oo.rltS~\,

The b~Jl.k:.by~. 9co'cl~ or ,pr;odu;pls from il:!!i QWl'I1E!J" dire~ on tile' we:q~~ pf tbre; C1,:Is~m!el1l" and tI'I~f1 ~]~ it '~ 'lh"al ~~mer; l~lllt>S8Inng-,pl'f~i;! t! l!:1hflr-lf1an Ih~ p,~~~'s;el pH~~ lin'€: 1~~t>!,l.fI'I~r lb1E!1'1 pa~ a,t!y ~~sraera~J,on, le lie t~.dS, M -pilil'tha~.·Dn ~r\ i,hU31tOiia-m: be;sls,.'as: pe.ii an e{JfIe~ f!fpaym~n'~ssdile:dl.ila.

US""",.

,Qj,iWIjIIi.

~.eUtlrtjl melhoo. or'Il'a~~ ON,Sh'l!ll)l 1~~IJ:Im:J 'fllrllsl~UiI'ilIC b'iillki '~(l; ~~ase- el1llJipm.ent i.u'Ici le~ss U'lflfllil ~91he ~S~mGf f"Cr~ w.e~ftc p~fDOd lof~me. Atlliolilrnll, In 'mGst~Ci.a.~~, llfill ritill'l~ ~~IImi1s:re.,;tIll! ~e k! the ~:slfl.me;t l:!iU'1.~iI' by ~wUi'1l9r fl.' '@1l~ 'ii!!J!te-e1l1~i"i~ ~ar 4· r1;"9rmal \I\!liT1.a~.Dr by 'WHy ;O'f diOr.1"'l;Umls.

Is.1amlc j:mnktng- iilllll:j 'nhtlnool ,can • '~.eSF.ribl1!,d i!:l.1> a ~mllhra)Jlh whiii:ih rr.~n.l(t P:~~!l:i:ll ,I.n tltl! .~UI'i!'ilB ,et '!'J1,Q.I'\:ey Ii'!, mmm flilr Q]llisf>eQlJil't)/ .~f., rigfilS W -S!lalii in ~'Illia ~'!iiih;~'~ m'~[s" Qf lr! '!I:!efOTm of"g~l(ld5: ~i;I~!V1~ ISlalTlra'~.a~t.a hal15Ui;:' View lr.rf,Uje pe~1:1111; ltlus l!i.C!I'I'llfcU:iel ~b ft 9Q~ 'd_~~ 'Sj;f~(i tfi1r'1~!S~ Thrs Ilrlelu:ff~i I"j~t~:. ibe~~~i'i~lbly [~,~~m !JIla,t 1Il~ M@A!lI), d.dlttfl ~l ~' fur "b..ad" pUI!f!Q~11IS. Tha£e:-~b~~~ PJ:JIiiP"'"ses im:tJlJce-1he- ~~1 ~u.lljef;:tS stI!i:h 1:1$. dtl'tl\gs;, we:"PoF1~', a1~~l~j,"a.!'ld ~rrM -and -Of OO~~,tI '[efOOiltm.

lSiamlre tianlW, rill, 1iW'ims .of li:ieir ~ f\iW"daIDtr.esf stru:.ttJame<!;. ~lJI~W~s WidrilWi.mS ~if :IOl"li0"'i~ 'lfima :.o.bJElo.~lvm lIRlk nel;!:~lfJi.y (Jilif'eJ'.Qnt frtlm ,QcW\er fll"l:Eili'l;@l!lIj ti'l:$'~lMtt~M.