7 Steps in the Development of Islamic Economic Science In my view, there are at least seven steps in the formulation and development of Islamic economic science. They are interlinked with each other. The first step is to identify an economic problem or an issue. It is to be followed […]
Read moreIndian Banks and their Headquarters Name of the Bank Headquarters 1 Allahabad Bank Kolkata 2 Andhra Bank Hyderabad 3 Bank of Baroda Mumbai 4 Bank of India Mumbai 5 Bank of Maharashtra Pune 6 Canara Bank Bangalore 7 Central Bank of India Mumbai 8 Corporation Bank Mangalore 9 Dena Bank […]
Read moreBangladesh Financial Intelligence Unit Circulars/Circulars Letters 1-56 (Updated on 15.02.2016) Publish Date Title Link Published by: Bangladesh Financial Intelligence Unit 11/02/16 09/12/15 BFIU Circular Letter No. 06: Circulation of Money 19/10/15 07/10/15 10/09/15 09/09/15 02/09/15 30/07/15 09/07/15 29/06/15 BFIU Circular No. 12 : Master Circular regarding BFIU Circular Letter No. […]
Read moreUnion Bank Limited Union Bank Limited as a newly established full-fledged commercial Bank based on Islamic Shariah in Private Sector of Bangladesh. The Bank has emerged as a result of further liberalization of economic policies by the Government of Bangladesh to bring competitiveness in the banking industry. We have commenced […]
Read moreForeign Exchange Regulation (FER) Act, 1947 (Act No. VII of 1947) CONTENTS SECTIONS 1. Short title, extent and commencementa 2. Interpretation 3. Authorised dealers in foreign exchange 4. Restrictions on dealing in foreign exchange 5. Restrictions on payment 6. Blocked accounts 7. Special accounts 8. Restrictions on import and […]
Read moreAdvantages Of Mobile Banking Mobile banking Mobile banking is a system for the customer to act upon banking procedures on his or her cell phone or other mobile appliance. It is a popular technique of banking that fits in well with a busy, technologically oriented lifestyle. It might also be […]
Read moreImport Business of Islamic Bank Import Business : All Islamic bank of Bangladesh runs their import business is mainly divided into the following three categories: i) Import of Commercial goods. ii) Import of raw materials for production purpose. iii) Import of capital / machineries. The importers avail of investment facilities […]
Read moreForeign Remittance Definition: Remittance represents transfer of fund from one place to another through official channel. Foreign Remittance: Foreign Remittance refers remittance of Foreign currency that are received in and made out abroad. Foreign Remittance also includes purchase and sale of freely convertible foreign bills and currencies. Types: Foreign Inward […]
Read moreBasic Principles of Bank Business Bank runs its business by taking the money of others so it is a risky business organization. Avoiding all risk to establish strong, dependable and skilled banking business otherwise, the economic developments will be hampered of the country. To set up a strong and dependable […]
Read more7 steps to open bank account Open Bank Account In 7 Simple Steps – Banking Today Banks have emerged as important financial institutions. Banks provide a safe environment and helps us manage our financial transactions. To avail professional banking service it is mandatory for every individual to open a […]
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Features of Money Laundering Money laundering means billions of pounds and dollars a year are laundered through our financial systems. The methods used to launder money are similar whether it’s for white-collar crimes such as tax evasion, people/drug trafficking, or proceeds from fraud and internet scams. Anti Money Laundering Anti-Money […]
Read moreWhat is Bill of Exchange A bill of exchange is an order made by the shipper or an exporter who is called a drawer of bill to the buyer or importer who is called a drawee of the bill, asking him to make the payment of the amount specified in […]
Read moreKnow your customer KYC Policy: 1) Customer Acceptance 2) Customer Identification 3) Monitoring of Transactions 4) Risk Management Definition of a Customer: (i) A person or entity (a) Maintaining an account with the Bank, or (b) Has a business relationship with the Bank (including borrowers/guarantors of loans, Demat account […]
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How to justify an ideal bank How to justify the efficiency of an ideal bank Successful of a bank depends on efficiency of a banker. Which bank are efficient their success are near with them. These efficiency depends on various factors of a bank. These are given below: a) Organization […]
Read moreInsurance for covering risk What are the requisites of insurance for covering risk Requisites of insurance may be summarized as follows: 1) Insurance must be effected by means of a legal contract and must meet the general requirements of contract as follows: a) It must be made by parties with […]
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