Islamic Banking vs. Conventional Banking

Islamic Banking vs. Conventional Banking Islamic Banking vs. Conventional Banking (Foreign Exchange Mode) From the view point of Islamic “Shariah’ (law), in order to be justified as an Islamic way of dealing with financial transactions the banking systems has to avoid interest. Consequently, financial intermediation in Islamic banking between the bank […]

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20 Import Quiz Test

20 Import Quiz Test Q.1. What is Foreign Exchange? Ans:  Foreign Exchange:   As per the Foreign Exchange Regulation Act. 1947, Section 2(d) “Foreign Exchange” means foreign currency and includes any instrument drawn, accepted, made of issued under clause 13 of Article 16 of the Bangladesh Bank order, 1972, all deposits, credits […]

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Significant Changes in UCPDC-600

Significant Changes in UCPDC-600 Significant Changes in UCPDC-600 Compared with Publication no. 500 *******  #Article     :1   :It has been expressly indicated that UCP600 contains rules.  #                :2  :All the parties including Banks and Clients have been categorically defined. Also different terminologies have been clarified.  #                :3:  :All the interpretations […]

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