Foreign Remittance

Foreign 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 more
Money Laundering

Features of Money Laundering

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 more

Online Banking

Online Banking Online Banking is a system allowing individuals to perform banking activities at home, through the internet or Web banking. Online banking is also known as ‘Internet banking’ or ‘Web banking’. A few online banks are conventional banks which also offer online banking, where as others are online only […]

Read more

Know your customer

Know 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 […]

Read more
How to justify an ideal bank

How to justify an ideal bank

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 more

Insurance for covering risk

Insurance 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 […]

Read more

Information-sharing meetings

Information-sharing meetings Information-sharing meetings differ from problem -solving How do information-sharing meetings differ from problem -solving or decision making? Ans. Meeting are called to solve problems or share information. Information-sharing meeting is a sitting of a group people for proper decision on a discussing matter/topic. Meeting can be an extremely […]

Read more

Shariah

Shariah Shariah: The basic principle of the Shariah which serves as guide line in this respects is that if there is more than one provider of capital to a business undertaking, profits can be distributed among them in proportions mutually agreed upon, but losses, if any have to be borne […]

Read more

Corporate governance

Corporate governance Corporate governance especially relevant to Islamic financial institutions Why is corporate governance especially relevant to Islamic financial institutions and what advantages does it give them?  Ans.: Corporate governance especially relevant to Islamic financial institutions because it involves a set of relationships between a company’s management, its board, its […]

Read more
1 38 39 40 41 42 43