How to recovery classified Investment Recovery of Classified Investment Discipline in the investment portfolio of the branches must be maintained at any cost. Investment circulars/instruction/procedures and norms should always be meticulously followed. Discretionary powers must not be violated. Without maintaining the investment sanctioning discipline, the clients can cheat with the […]
Read moreModes Of Investment Under Islamic Banking Investment Instrument of an Islami Bank: Islami Bank invests its money in various sector of the economy through different modes permitted by shariah and approved by Bangladesh Bank. The modes of investment are as follows: 1. Mudaraba. 2. Musharaka 3. Murabaha [ Commercial, Post […]
Read moreExport Financing: Problems and precaution measures Export Financing: Problems and precaution measures: Export finance is extended to the exporters in order to assist the exporters to make shipment of the goods as required by the foreign buyers. This facility is allowed against L/C or Buyers & sellers Contract. This finance is […]
Read moreBasel II background and Risks relate to Banking Activities Basel –II & its background: Basel II background and Risks relate to Banking Activities Basel –II framework was finalized in 2004 & it states that bank should maintain capital not only covering Credit Risk but also covering Market Risk & Operational […]
Read moreHOLDER 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 […]
Read moreExport 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 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) 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 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 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 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 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 […]
Read moreHow 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 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 […]
Read moreSpecial types of Bank’s Customers-Minor or Infant, Lunatics, Drunkard or Intoxicated Person, Married Woman, Illiterate Person, Trustees, Executors, and Administrators. Every person who is competent to contract can open an account with a bank provided the bank is satisfied regarding his bonafides and is willing to enter into necessary business […]
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