ALL BANK OF UNITED KINGDOM #1.ABC INTERNATIONAL BANK PLC: Bank ABC (incorporated as Arab Banking Corporation B.S.C) is an international bank headquartered in Manama, Kingdom of Bahrain. Our network spreads across five continents, covering countries in the Middle East, North Africa, Europe, the Americas and Asia. Bank ABC, founded in […]
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Top 10 bank in UK Top 10 bank in UK are: 1. HSBC Holdings: HSBC was founded in 1880 and is headquartered in London. The bank employs around 85,000 individuals (including subsidiaries). It operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking […]
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Different Deposit Products of SIBL 1. Al-Wadiah Current Account: AL-WADIAH Deposit is accepted on AL-WADIAH principles which mean al Amanah with permission to use. The Bank commits to refund money deposited in these Accounts on the demand of customers. On the other hand the Bank takes permission from customers that […]
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Know Your Customer (KYC) KNOW YOUR CUSTOMER (KYC), CASH TRANSACTIONS REPORT (CTR) AND SUSPICIOUS TRANSACTION REPORT (STR) A definition of what constitutes the offence of money laundering under Bangladesh law of the Prevention of Money Laundering Act 2002: “Money Laundering means – Properties acquired or earned directly or indirectly through illegal […]
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Import and export finance under Islamic mode Foreign Exchange deals with Foreign Trade & Foreign Remittance. Foreign Trade as well as Import & Export. Foreign Remittance as well as Inward Remittance & Outward Remittance. Foreign currency instruments such as Foreign draft, Traveler’s Cheque, Bill of Exchange, MT, TT and P.O. […]
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Bank of Bangladesh Locker facility and procedures thereof Bank of Bangladesh Locker facility : With a view to expanding services to the clients, for safekeeping of jewelry, valuables, documents etc. Lockers may be installed to the Branches: The operation of lockers may be made as per following guidelines: Following the […]
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Alternative Delivery Channels in banking What are delivery channels in banking? Delivery channels include branches; field officers; automated teller machines (ATMs); payment terminals; point-of-sale devices; mobile branches; mobile phones; and internet banking (e-banking) Alternative Delivery Channels in Banking Sector: Alternative Delivery Channel (ADC) means that channels which act as intermediaries […]
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Back to Back Letter of Credit opening BACK TO BACK Letter of Credit is a credit ,which is backed by Export L/C or Master L/C. Ready-made garment industries and specialized Textile units have been allowed the facility of importing fabrics and other materials needed for the manufacture of garments/ specialized […]
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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 […]
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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 […]
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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! […]
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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 […]
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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. […]
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Guide to Documentary credits Guide to Documentary credits Guide to Documentary credits- Definitions Guide to Documentary credits- Definitions-www.bankingallinfo.com Guide to Documentary credits- Definitions? Learning objectives In this study text,reference is made repeatedly to different terms that are associated with documentary credits and the type(s) of role that a bank may undertake. […]
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ISBP 600 ISBP 600 The Application and Issuance of the Credit 1. The terms of a credit are independent of the underlying transaction even if a credit expressly refers to that transaction. To avoid unnecessary costs, delays and disputes in the examination of documents, however, the applicant and beneficiary should […]
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