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How to import and export under Mudaraba
How to import and export under Mudaraba Import and export under Mudaraba Mudaraba: Mudaraba is a deed on the basis of which an agreement is signed between a bank and a person (real person or a legal entity) in order to enter into a commercial (purchase and/or sale of goods) […]
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The A – Z of Classified Investment
The A – Z of Classified Investment Faq-Classified investment related questions are given below: ✅ Question : 01 :: What is the Categories of Loans and Advances ? Ans: All loans and advances will be grouped into four (4) categories for the purpose of classification, namely- (a) Continuous Loan (b) […]
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What do you know about “Certificates of origin ”as per ISBP?
What do you know about “Certificates of origin ”as per ISBP? Ans: CERTIFICATES OF ORIGIN : Basic requirement 196) A requirement for a certificate of origin will be satisfied by the presentation of a signed, dated document that certifies to the origin of the goods. Issuers of certificates of origin […]
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FAQ-International Monetary Fund (IMF)
FAQ-International Monetary Fund (IMF) 1. What is the IMF’s mission and how has that changed over time? The International Monetary Fund (IMF) was created in 1944 to maintain the standard of fixed exchange rates that was established at the end of World War II. Since the abandonment of the gold standard in […]
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International Trade & Foreign Exchange-Banking Diploma Question
International Trade & Foreign Exchange-Banking Diploma Question THE INSTITUTE OF BANKERS, BANGLADESH (IBB) Banking Diploma Examination, July, 2019 DAIBB International Trade & Foreign Exchange (F E) Time—3 hours Full marks—100 Pass marks—5O [The figures in the right margin indicate full marks. Answer any four questions from group A and one […]
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Foreign Exchange Math Solution
Foreign Exchange Math Solution Problem: An exporter has presented an export bill for Euro 50,000 for negotiation on your bank. By using the following particulars, determine the Euro exchange rate of your bank to purchase the export bill and also determine what amount will be credited to the exporter’s account: […]
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History of Modern Banking system
History of Modern Banking system History of Modern Banking system The commercial revolution of the sixteenth and seventeenth centuries, caused by the discovery of America and other sea routes, was a prelude to the later industrial Revolution in England. Industrial Revolution gave a fillip to the production of wealth and […]
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History and development of banking
History and development of banking History and development of banking Banking has come into existence to cater for the economic needs of society and is, therefore, an offshoot of civilization. Surely, there would be know need of a bank for a savage who live on wild roots and fruits. It […]
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Ask Me Anything: About Origin And Nature Of Banking
Ask Me Anything: About Origin And Nature Of Banking The word “Bank” is said to have been derived from the Italian word ‘banco’, the original meaning of which is ‘shelf’, ‘bench’. It was extended to that of ‘counter’, money-lenders and money changers used to display their coins, whence ‘bank’. […]
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Banking supervision directives of Israel
Banking supervision directives of Israel (A) The Governor of the Bank of Israel, according to his authority under section 28 of the Banking Law (Licensing) 1981, allows banks to allow their customers to perform transactions in their accounts Certain banking through communication banking systems. However retrieval Information provided by customers, […]
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