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Browsing MS by Author "BASIM JAVAID"

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    ISSUES OF ISLAMIC LETTERS OF CREDIT IN TRADE FINANCE
    (UMT, Lahore, 2015-10-27) BASIM JAVAID
    Islamic Banking happens to be one of the fastest growing sectors in the global Banking Industry. With the growth of the Islamic Banking and it‟s various departments, there has been a significant development in the Islamic Banking Trade Finance products. Letters of Credits have always played a very important role in the Trade Finance Departments. However, the structure of Letter of Credits in case of Islamic Banking is somewhat different than the convention letters of credit. An attention-grabbing research study in this context is to find out the issues that are faced during the progressive implementation of Islamic Letters of Credit. The main aim of the research study is to carry out a detailed investigation into implementation of Islamic letters of credit and find the issues during various phases of execution; furthermore the dependency of various factors effecting the application of Islamic Letters of credit was determined. The study was conducted using both qualitative and the quantitative data collection methods. The primary data collected was analysed to study the relationship amongst different variables of the study and dependency on one another. It was found that the Islamic Branding, Quality Services and the Shariah compliance all have positive relations and dependency on one another. From the results of the study it was concluded that along with the personal interest of Islamic Mind set people; the understanding and knowhow of the Islamic Banking is necessary for the Islamic Banking and Trade Practitioners so that they may educate their customers and overcome the issues that arise during the implementation of Islamic Letters of Credits.