How to open a Partnership Account? 1. Account opening form of a bank to be filled in and signed by the account holder 2. Introduction by an account holder with signature and account number or any person which is acceptable to the bank 3. Two copies of recent passport size […]
Read more
ISBP-International Standard Banking Practice The ISBP is a checklist of best practices worldwide for checking documents under the UCP, ICC’s universally used rules on letters of credit. Because the UCP rules are general in nature, it was necessary to define in greater detail the term “international standard banking practice”, first […]
Read more
Issues and Relevance of Islamic finance in Britain Introduction Philosophical Foundation and Core Concepts Islamic finance is an ethical, indigenous and equitable mode of finance, which derives its principles from the Quran (The revealed book of Muslims) and tradition of the Prophet Muhammad (pbuh). Shariah law (Islamic law), which is […]
Read more
Adequacy of Disclosure in Islamic Financial Institutions By Muhammad Shabbir, Bank Analyst, Capital Intelligence, Cyprus Introduction: Public disclosure through the publication of financial statements has long been the source of information on the business performance of financial institutions. In recent years, however, financial institutions, under pressure from market forces, have […]
Read more
Islamic Banking: True Modes of Financing By Dr. Shahid Hasan Siddiqui, Eminent Pakistani Banker & Economist. Introduction Prohibition of interest is ordained in Islam in all forms and intent. This Prohibition is strict, absolute and unambiguous. The Holy Qur’an in verse 278 of Surah Al-Baqarah states: “O ye who believe! […]
Read more
How to get Bank Jobs in USA? While a job in banking is widely considered to be a high-paying career, it’s a lot more than just money. Although it’s true that you’ll be reasonably compensated for the stress involved, banking roles can be pretty exciting and present incredible learning prospects […]
Read more
International Islamic Financial Market(IIFM) International Islamic Financial Market (IIFM): Established in 2001 in Manama, Bahrain to develop and regulate an International Financial market bašed on Shari’ah Rules and Principles. IIFM which is based in Manama and hosted by the Central Bank of Bahrain (CBB), was established in 2002 under the […]
Read more
The assessment methodology of CDCS Examination 2022 The CDCS is assessed in a single examination lasting three (03) hours. The examination paper is split into two sections. The assessment methodology of CDCS Examination Section A: Section A is assessed by 60 multiple-choice questions, with one mark available for each correct […]
Read more
Who is a notify Party of Bill of Lading? Notify is the name and address details of the person who should be notified of the arrival of the cargo… Depending on the bill of lading that is issued this could be the actual buyer or receiver of the goods, clearing […]
Read more
MH Islami Bank Proposal Format MH Islami Bank Proposal Format MH Islami Bank Limited ———————–Branch Date: Subject A. Proposal for sanction/renewal of Composite Revolving Investment Limit of Tk————–Lac as follows or renewal with the enhancement of Composite Revolving Limit from Tk——–Lac to Tk.——-Lac as follows: a. LC/BBLC : Taka————-Lac b. […]
Read more