Social Islami Bank Agent Banking BACKGROUND: Agent Banking provides banking and financial services to the underserved population through engaged agents under a valid agency agreement, rather than a teller/ cashier. Agent banking is a new concept in Banking Industry of Bangladesh though Agent banking is very popular in many countries (viz. Mexico, […]
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Definition of Retail Investment Definition of Retail Investment: Retail Investment encompasses the range of products and services offered by a bank to individuals to meet individual banking and ancillary needs. In fact Retail Investment in SIBL delivers diversified financial products and services including savings accounts, salary accounts, deposit schemes, as […]
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Shortfall In Documentation And Others Lapses Shortfall In Documentation And Others Lapses. Lapses : Lapses arise out of any kind of irregularities, misstatements, non-compliances of existing policy & procedures of the Bank, law of the land by which the Bank may incur financial losses. Moreover, sometimes non-compliance of existing policies […]
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Shariah Compliance: Irregularities Detected While Inspecting Branch and Remedial Measure ِكُلٍّ جَعَلْنَا مِنكُمْ شِرْعَةً وَمِنْهَاجًا To each of you We prescribed a law and a method. [5. Sura Mayeedah : 48] SHARIAH & IT`S OBJECTIVES شريعة is an Arabic word : It means The way, Road Path, Destination […]
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What is Trade Based Money Laundering? Definition of Money Laundering What is money laundering? “Money laundering is the process by which criminals attempt to hide and disguise the true origin and ownership of the proceeds of their criminal activities, thereby avoiding prosecution, conviction and confiscation of the criminal funds.” UK-Joint […]
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Time And Stress Management Techniques Allah’s swearing by time: Swearing by time in several Qur’anic Ayah is taken as an indication of its significance. For instance: By time. Verily Man is in loss. ( Sura Al-Asr 1-2) By the night, when it covers (the sun and the day). By the […]
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Floating Rates of Exchange: Implementation Mechanism & Operational Procedure Exchange rate is one of the key macroeconomic variables and efficient management of exchange rate is very crucial for continued performance of external sector competitiveness and openness. Like the experiences of many other countries considering gradual openness and increasingly integrated pace […]
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