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, in respect of their accounts, […]
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Security- Concept & Types Characteristics of good Security Proper Valuation of Security One of the most important functions of a bank is to employ its fund by way of Investments/loans and advances to its customers and a bank’s strength depends considerably on the quality of its Investments/loans and advances. Though the banks are now expected […]
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Discussion about Ijarah (Leasing) Ijarah (Leasing) Ijarah is a term of Islamic fiqh. Lexically, it means “to give something on rent”. In the Islamic jurisprudence, the term “Ijarah” is used for two different situations. 1) In the first place, it means “to employ the services of a person on wages given to him as […]
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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 well as various lending products […]
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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 & procedures may not cause […]
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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 Rules, Law Source of Water […]
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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 Money Laundering Steering Group Guidance […]
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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 day, when it becomes bright. […]
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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 of Bangladesh economy into the […]
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What is the function of Treasury front office? Functions of Treasury Front Office: Statutory management Optimization of risk return through specialization and management Funding of the Balance Sheet at optimum prices Proposing interest rate matrix to the ALCO Proposing various investment options to the ALCO Analyze various economic trends and propose Balance Sheet Strategy to […]
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What are the Importance of International Business for economy? The points below highlight the importance of international business: a) Earn foreign exchange: International business exports its goods and services all over the world. This helps to earn valuable foreign exchange. This foreign exchange is used to pay for imports. Foreign exchange helps to make the […]
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What are the reasons against foreign Trade? Reasons against Foreign Trade are given below: Following points explain the need and importance of foreign trade to a nation. Division of labor and specialization Foreign trade leads to division of labor and specialization at the world level. Some countries have abundant natural resources. They should export raw materials […]
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What is foreign Trade or International Trade? Foreign trade is nothing but trade between the different countries of the world. It is also called as International trade, External trade or Inter-Regional trade. It consists of imports, exports and entrepot. The inflow of goods in a country is called import trade whereas outflow of goods from […]
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Zakat- meaning, principles,basis, categories,inflation,advantages and influence (a) Its Meaning for Modern Man The word “Zakät” means “that which purifies” and “that which fosters”. All original sources of wealth—the sun, the moon, the stars, the earth, the clouds that bring rain, the winds that drive the clouds and carry the pollen, all phenomena of Nature—are the […]
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The Hidden Agenda of ‘Interest’ Versus ‘Profit’ Importance of Bank The Hidden Agenda Of ‘Interest’ Versus ‘Profit’ Banks are an essential component of the present day world-individuals as well as public and private institutions can hardly operate without the institution of banking. Commercial banking as we find it today had evolved over time and has […]
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