HOLDER IN DUE COURSE AND PAYMENT IN DUE COURSE HOLDER IN DUE COURSE AND PAYMENT IN DUE COURSE: A negotiable instrument is transferable from person to person. The Negotiable Instrument Act confers upon the person, who acquired it bona fide and for value, the right to possess good title to […]
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Export Credit Guarantee Schemes in Bangladesh
Export Credit Guarantee Schemes in Bangladesh Today, no country in the World is self-sufficient. So, every country has to import various goods and services from other countries to meet its requirements. But, much foreign exchange is required to pay the import bills. This has resulted in a cut-throat competition among […]
Read moreSalient features of Islamic banking
Salient features of Islamic banking Concepts of Islamic Banking, Historical and Its Objective In the late seventies and early eighties, Muslim countries were awoken by the emergence of Islami Bank which provided interest-free banking facilities. There are currently more than 300 interest-free institutions all over the world. Islam Bank nowadays […]
Read moreInternational Association of Islamic Banks (IAIB)
International Association of Islamic Banks (IAIB) International Association of Islamic Banks (IAIB) The International Association of Islamic Banks (IAIB), was established as a technical advisory institution for Islamic banks which began to grow up and spread all over the world as a reflection of the intent of the Muslims at […]
Read moreThe Accounting Standards for Islamic Banks
The Accounting Standards for Islamic Banks The Accounting Standards for Islamic Banks are prepared by the ‘Accounting and Auditing Organization for Islamic Financial Institutions. (AAOIFI), which was established in accordance with the agreements signed by Islamic Financial Institutions on 26 February 1990 in Algiers during the meeting of Islamic Banks […]
Read moreImport by Letter of Credit Authorisation Form-LCAF
Import by Letter of Credit Authorisation Form-LCAF Authentication/Registration Of LCAF: When the importer submits LCAF (Letter of Credit Authorisation Form) with other papers to the bank to open L/C, Bank will Authenticate the LCAF, confirming the following: IRC is valid, renewal fee paid (if required) Item to be imported is […]
Read moreDifference between Balance of Trade and Balance of Payment
Difference between Balance of Trade and Balance of Payment The balance of Trade (BOT) and Balance of Payment (BOP) Difference between Balance of Trade and Balance of Payment International Trade: International Trade is traded between two nation or countries. International Trade, the process by which nations Export and Import goods, […]
Read moreHow to open Current Account of a Private Limited Company
How to open Current Account of a Private Limited Company Current Account of a Private Limited Company: A Company is an association of a number of persons formed for some common purposes and registered under the provision of the Companies Act 1994 Company does not dissolve by death, insolvency, or […]
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How to open Current Account of a Partnership Firm The account of Partnership Firm: As per Partnership Act, 1932 “PARTNERSH1P’’ is the relation between persons who have agreed to share the profits of a business carried on by all or any of them acting for all. Persons who have entered into the partnership with […]
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Definition of bank by different authors
Definition of bank by different authors In this Article, you will learn- Definition of bank by different authors What is a bank Various definition of bank The objective from the viewpoint of Bank owners, The objective from the viewpoint of the government and The objective from the viewpoint of Bank customers. The bank is […]
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