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 […]
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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 moreInsurance 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 moreHolder in Due Course and Payment in Due Course
Holder in Due Course and Payment in Due Course Holder in Due Course : According to Section 9 “holder in due course means any person who, for consideration, became the possessor of a promissory note, bill of exchange or cheque, if payable to bearer, or the payee or endorsee there […]
Read moreInformation-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 moreShariah
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 moreCorporate 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 moreLodgement Of Import Documents
Lodgement Of Import Documents If import documents found in order, it is to be made entry in the bill register & necessary voucher to be passed putting bill number on the documents, completing the necessary formalities. This process is called Lodgement. Documents must be lodged immediate after receipt of the […]
Read moreSupervision, Follow-Up And Monitoring Of Advances
Supervision, Follow-Up And Monitoring Of Advances Lending is one of the most important functions of a commercial bank and with the modern concept of social order and participation of commercial banks in various phases of commercial, industrial, agricultural and other economic activities of the country, it is of paramount importance […]
Read moreWhat is UCPDC 600
What is UCPDC 600 UCPDC 600 is the latest version of the rules that govern letters of credit transactions worldwide. UCPDC 600 is prepared by International Chamber of Commerce’s (ICC) Commission on Banking Technique and Practice. Its full name is 2007 Revision of Uniform Customs and Practice for Documentary Credits, […]
Read moreShort Question UCPDC 600
Short Question UCPDC 600 Question:01 What is UCPDC ? Ans:Uniform Customs and Practice for Documentary Credits Question:02 How many Articles in UCPDC 600 ? Ans: 39 Articles Question:03 What is the title of Article 01 UCPDC 600 ? Ans:Application of UCP Question:04 What is the title […]
Read moreHire Purchase Musharaka Mutanaqasa (HPMM)
Hire Purchase Musharaka Mutanaqasa (HPMM) Hire Purchase Musharaka Mutanaqasa (HPMM) Introduction, Theory and Application Mode of Investment in Islamic Banking Markup Based Bai Muazzal Bai Murabaha Bai Salam Bai Istisna Rental Based Izara Hire Purchase/Izara Bill Baia Hire Purchase Musharaka Mutanaqasa (HPMM) Hire Purchase Shirkatul Melk (HPSM) Sharing Based Mudaraba […]
Read moreIslamic Banking vs. Conventional Banking
Islamic Banking vs. Conventional Banking Islamic Banking vs. Conventional Banking (Foreign Exchange Mode) From the view point of Islamic “Shariah’ (law), in order to be justified as an Islamic way of dealing with financial transactions the banking systems has to avoid interest. Consequently, financial intermediation in Islamic banking between the bank […]
Read moreHow to import and Export through L/C
How to import and Export through L/C Key point of Discussion Workshop on “ How to import and Export through L/C ” General Concept About Foreign Exchange Operation Concept of Foreign Exchange Local Regulation for Foreign Exchange Foreign Exchange Regulation Act Guideline for Foreign Exchange Transaction Foreign Exchange Circular Export […]
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20 Import Quiz Test
20 Import Quiz Test Q.1. What is Foreign Exchange? Ans: Foreign Exchange: As per the Foreign Exchange Regulation Act. 1947, Section 2(d) “Foreign Exchange” means foreign currency and includes any instrument drawn, accepted, made of issued under clause 13 of Article 16 of the Bangladesh Bank order, 1972, all deposits, credits […]
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