International Trade Trade is the voluntary exchange of goods, services, assets, or money between one person or organization and another. Because it is voluntary, both parties to the transaction must […]
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AB Bank Limited
AB Bank Limited AB Bank Limited info Corporate Information Name of the Company: AB Bank Limited (ABBL) Legal Form: Public Limited Company Date of Incorporation: 31st December 1981 Commencement of Business: […]
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Types of bank
Types of Bank Types of bank Bank may be classified are as follows: A) Based on organizational Characteristic B) Based on Technique A) Types of Bank based on organizational Characteristic: […]
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Objectives of Bank
Objectives of Bank Objectives and importance of Bank Bank has various objectives as per other financial organizations. But banking organization view point is exceptional than others. The objectives of bank […]
Read moreCommercial Invoice
Commercial Invoice The invoice is the list of articles containing their particulars and prices. It is also book-keeping instruments for the importer. i. The description of the good / Merchandise […]
Read moreBanker and Customer Relationship
Banker and Customer Relationship Customer: In general any individual/organization who maintains account with the bank is treated as a customer. But in some situations Banker extends their services to the […]
Read moreIslamic Banking Deposit Products
Islamic Banking Deposit Products Shariah principles for receiving deposits Islamic banks receive deposits under two principles: i) Al-Wadeeah principle. ii) Mudaraba principle. Al-Wadeeah: Fund which is deposited with Banks by […]
Read moreTerms used in Islamic Banking
Terms used in Islamic Banking The following terms as used in this guideline, if not repugnant to the subject or affairs, shall have the following meaning: a. “Shariah” means such […]
Read moreIRC and ERC
IRC and ERC IRC and ERC: Required papers / documents to obtain Import Registration Certificate (IRC) Import Registration Certificate (IRC) and Export Registration Certificate (ERC) are issued by the office […]
Read moreGuarantee
Guarantee A guarantee is promise made by the person/organization (or guarantor) to the Banker that he will pay the present or future debt in case of default by the principal […]
Read moreESSENTIAL QUALITIES OF A SUCCESSFUL BANKER
Essential Qualities of a Successful Banker 1. A Banker includes a person or corporation or company acting as a Banker.” – Negotiable Instrument Act, 1881 2. Banker includes a […]
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URR 725
URR 725 URR 725 is the acronym of Uniform Rules for Bank-to-Bank Reimbursements. UNIFORM RULES FOR BANK-TO-BANK REIMBURSEMENTS APPROVED ON 15-16.04.2008. IN FORCE SINCE 01/10/2008 Table of Contents of URR […]
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What you know about Islamic banking
What you know about Islamic banking Islamic banking (or participatory banking) is that types of banking or banking activity which is consist of the principles of Islamic rule (i.e Sharia) […]
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Parties are involved in Letter of Credit (L/C)
Parties are involved in Letter of Credit (L/C) There are mainly 6(six) parties involved in a letter of credit which may be summed up as under: a) Opener: The applicant […]
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The Balance of Payment (BOP)
The Balance of Payment (BOP) The Balance of Payment (BOP) Accounting Systems (U.S.BOP,1993 (in billions of dollars) Current Account Goods Exports +$ 456.9 Imports -$ 589.4 Balance of Merchandise […]
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