Chapter 1 Introduction Islamic banks today exist in all parts of the world and are looked upon as a viable alternative system. While it was initially developed to fulfill the needs of Muslims‚ Islamic banking has now gained universal acceptance.Islamic banking has been in existence since the 1970s‚ and it has shown tremendous growth over the last 30 years. The practice of Islamic banking now spreads all over the world from the East to the West‚ all the way from Malaysia‚ Bahrain to Europe and
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Role of Information Technology (IT) in the Banking Sector Banking environment has become highly competitive today. To be able to survive and grow in the changing market environment banks are going for the latest technologies‚ which is being perceived as an ‘enabling resource’ that can help in developing learner and more flexible structure that can respond quickly to the dynamics of a fast changing market scenario. It is also viewed as an instrument of cost reduction and effective communication with
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Banks and Bank Systems‚ Volume 3‚ Issue 3‚ 2008 Atsede Woldie (United Kingdom)‚ Robert Hinson (Ghana)‚ Habib Iddrisu (United Kingdom)‚ Richard Boateng (United Kingdom) Internet banking: an initial look at Ghanaian bank consumer perceptions Abstract Internet banking is a tool in the service delivery arsenal for banks. This study focuses on client-bank relationship and on how Internet adoption may improve the qualitative relationship between banks and firms in Ghana and the business they
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How do businesses and transactions work? Worldwide‚ transactions between people‚ or between two businesses are made through the intermediates. Everywhere we look and everything we do‚ implies business. No matter how big or how small‚ they way we do business is very important. With the arose of technology‚ new‚ easier‚ and faster ways of making business have been created. The blockchain and cryptography are the basis of what is now known as cryptocurrency‚ which is basically digital money. This new
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RETAIL BANKING DEFINITION: “Retail banking is typical mass-market banking where individual customers use local branches of larger commercial banks. Services offered include: savings and checking accounts‚ mortgages‚ personal loans‚ debit cards‚ credit cards‚ and so” The Retail Banking environment today is changing fast. The changing customer demographics demands to create a differentiated application based on scalable technology‚ improved service and banking convenience. Higher
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Can you imagine having to urge to go pee 24 7‚ or what about gaining anywhere from 30 to 60 pounds‚ or even worse‚ contracting one of those nasty STD’s we’ve all heard about? Well neither can I. Therefore‚ when abstinence is not an option‚ protected sex is a must. In todays world‚ the image of sex is portrayed everywhere. On TV‚ the radio‚ social networking sites‚ even school and public settings. Teenagers are constantly surrounded by sexual intensions‚ it’s a part of culture that is truly
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ABSTRACT There have been major changes which are witnessed in the world and at the centre is the ever changing phase of technology‚ like advances in the way people communicate‚ do businesses‚ exchange of information. At the heart of all this lies the World Wide Web and the same has revolutionised the way people are communicating and transferring the data and information. The best part about being that there exists no single entity or person who owns the World Wide Web some organizations and other
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Library Automation? Library automation can be defined simply as the use of computer and networking technologies in the library. Areas of Library Automation: Automation of library functions Use of electronic resources within the library (e.g. CD-ROMs) Accessing remote electronic resources (e.g. the Internet) Office automation (e.g. word-processing‚ spreadsheets‚ databases‚ etc.) Patron services (e.g. computer laboratory‚ multimedia center) Objectives of Library Automation:
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BANKING Definition of Banking: According to Crowther‚ a bank "Collects money from those who have it to spare or who are saving it out of their incomes‚ and it lends this money to those who require it." In the words of Kinley‚ "A bank is an establishment which makes to individuals such advances of money as may be required and safely made‚ and to which individuals entrust money when not required by them for use." According to John Paget‚ "Nobody can be a banker who does not (i) take deposit
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Khalid Jamil Ansari DEPARTMENT: Karachi University Business School SEMESTER: 2nd semester SUBJECT: Banking Operations CONTENT 1. How many types of customers and elaborate it ________________01 2. How many type of account also explain them?__________ 03 3. What are the basic requirements for opening of an account?__________________________________________04 1 | Page Q1.How many types of customers and elaborate it? There are different types of customer which are given as below:
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