History and development of banking

History and development of banking

History and development of banking History and development of banking Banking has come into existence to cater for the economic needs of society and is, therefore, an offshoot of civilization. Surely, there would be know need of a bank for a savage who live on wild roots and fruits. It […]

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Social Islami Bank Agent Banking

Social Islami Bank Agent Banking 

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

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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Shariah Compliance_ Irregularities Detected While Inspecting Branch and Remedial Measure

Shariah Compliance: Irregularities Detected While Inspecting Branch and Remedial Measure

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

What is Trade Based Money Laundering?

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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