Dr. Mohd Daud Bakar on ‘Mainstreaming Islamic Finance’

Islamic Finance has been on this world, in the fashionable history of financial programs within the last forty years; almost four a long time. And everyone and every stakeholder has been hoping to see Islamic banking finance to be operational on the centerstage of the world financial system. I don’t suppose we have achieved that degree, as but, nevertheless it does not imply we cannot be putting the hope and aspiration to make this Islamic banking finance sooner or later on the centerstage of the financial world. And this is what we call, ‘to mainstreaming Islamic finance’, to make Islamic finance the mainstream and the popular monetary solution for the monetary world to consider. The efforts needs to be coming from all of the stakeholders and we now have many stakeholders of the world, both in Muslim world or in non-Muslim world, they should have the ability to work collectively to articulate and to guantee that Islamic finance and banking is one among the preferred options with reference to banking, perhaps insurance coverage, maybe capital markets, funds and SRI, the inexperienced activities and what not. So, Islamic finance and banking has all of the components, has all the essential DNA to grow to be the popular solution across the globe. It is not solely limited to Muslims because the very basic of Islamic finance and banking is to offer transparency, is to provide real asset economy and perhaps real companies economy that may give the real value to everyone out there. The trader, the user, the worker, the entrepreneur, the needy, the poor. If you have an interest to get us that will help you with Islamic finance consultancy and Shariah advisory, be happy to contact us. Our workforce are looking ahead to develop your model with Shariah compliance products and services. Th​is art ic le has ​been cre​at ed ᠎by GSA Con tent G ener᠎ator Dem​ov​ersi᠎on .

In 1933, Witt Stephens based W.R. Stephens Investments to trade Arkansas Highway bonds, which at the time were selling for as low as pennies on the dollar. By the point the bonds paid off at par in the early 1940s, Stephens had gained a popularity for municipal bond expertise and offering sound monetary counseling. In 1946, upon graduation from the U.S. Naval Academy, Jackson T. "Jack" Stephens joined his brother and with a handshake, the two brothers formed Stephens Inc. and a partnership that lasted greater than 45 years. The 2 brothers rapidly began a series of acquisitions that might turn into a catalyst for the firm's development and future. In 1945, Stephens bought Arkansas Oklahoma Gas Company in Fort Smith, Arkansas, and in 1953, acquired what's now Stephens Production, an unbiased oil and fuel exploration firm. In 1954, they purchased a controlling curiosity within the Arkansas Louisiana Gas Company. In 1948, Stephens offered Sheridan Telephone Exchange to Allied Telephone Company, which later grew to become Alltel Corporation, thus beginning a a long time-long relationship that partially continues as we speak.

With $400,000 in begin-up capital invested, he created Systematics, which might later turn out to be a pacesetter in the financial institution information processing industry. Systematics was finally acquired by Alltel Corporation and turned Alltel Information Services. AIS was later acquired by Fidelity National Information Systems. In 1970, Stephens Inc., together with White Weld & Co., raised $4.Ninety five million in an IPO for a small Arkansas-based discount retailer, Wal-Mart Stores, Inc., owned by Sam Walton and his family. The capital, and subsequently raised capital, helped to fund Wal-Mart's rise from $32 million in sales to the biggest retailer on the earth. In 1971, Stephens Inc., along with First National Bank of Commerce, underwrote $113 million in tax-exempt bonds to help build the Louisiana Superdome. At that time, this was amongst the biggest single tax-exempt bond issues in history and Wall Street had turned it down. In 1983, the Stephens family invested in Worthen Banking Corporation, which was headquartered in Little Rock, Arkansas. In 1985, Worthen's capital was wiped out by the bankruptcy of Bevil, Bressler & Schulman.  Post w as g᠎enerated by GSA Con tent Gener at​or  D emoversi​on!

A rights providing led by Jack Stephens was carried out allowing shareholders to supply the funds necessary to revitalize the financial institution and keep it solvent. In 1994, Worthen was bought to Boatmen's Bancshares, and two years later, Boatmen's was sold to NationsBank, which in turn merged into Bank of America. In 1989, Stephens advised Tyson Foods in its acquisition of Holly Farms, resulting in a $1.5 billion hostile takeover. In 1992, Stephens invested in Viking Range Corporation, offering the expansion capital needed to seriously broaden the company into a number one nationwide model. In 1993, Stephens bought Donrey Media, renaming it Stephens Media Group. When bought in 2015, Stephens Media Group's properties include the Las Vegas Review-Journal and day by day and weekly papers. Somewhat over a yr later, the global economic disaster, triggered by the meltdown of the housing markets, severely impacted monetary markets and posed a grave menace to all financial institutions. Th is ​po st w as c reated  with t​he help of GSA Content Gene᠎rato r DE​MO!