Introduction Islamic banking is banking based on Islamic law (Shariah). It follows the Shariah‚ called fiqh muamalat (Islamic rules on transactions). The rules and practices of fiqh muamalat came from the Quran and the Sunnah‚ and other secondary sources of Islamic law such as opinions collectively agreed among Shariah scholars (ijma’)‚ analogy (qiyas) and personal reasoning (ijtihad). The credibility of the Islamic banking activities is highly dependent on the credibility of the Shariah advisers
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Reading Material Concepts and definitions of various banking terminology. All the information is collected using various free web-sites on internet for the purpose of enhancing knowledge of the participants in the field of banking. 1 Banks in the economy Role in the money supply A bank raises funds by attracting deposits‚ borrowing money in the inter-bank market‚ or issuing financial instruments in the money market or a capital market. The bank then lends out most of these funds to
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Introduction Banking can be defined as the business activity of accepting and safeguarding money owned by other individuals and entities‚ and then lending out this money in order to earn a profit. However‚ with the passage of time‚ the activities covered by banking business have widened and now various other services are also offered by banks. The banking services these days include issuance of debit and credit cards‚ providing safe custody of valuable items‚ lockers‚ ATM services and online
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Customer Relationship Management in Banking with a case on HSBC A Project Report presented to Dr. Shweta Dixit Faculty Member Narsee Monjee Institute of Management Studies Mumbai on March 21‚ 2007 in Partial fulfillment of the academic requirements for the Part Time MBA Programme by Mr. Kapil Bhatia (03) Preface The service industry has always been of vital component of all economies. It has become more so these days. From
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Investment Banking in 2008 Group Report 1. Failure Analysis: Identify the major factors that contributed to Bear Stearns’s failure? Who stood to benefit from its implosion? How did Bear Stearns’s collapse differ from the ‘Long Term Capital Management’ failure a decade earlier? What could Bear Stearns have done differently to avoid this fate? In the early 2000’s? And during the summer of 2007? And during the week of March 10‚ 2008? (1) Identify
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Introduction1 The term ‘‘banking’’ can be applied to a large range of financial institutions‚ from savings and loans organisations to the large money-centre commercial banks in the USA‚ or from the smallest mutually owned building society to the ‘‘big four’’ shareholder owned banks in the UK. Many European countries have large regional/cooperative banks in addition to three to five universal banks. In Japan‚ the bank with the largest retail network is Sumitomo Mitsui Banking Corporation‚2 but its main
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BANKING SERVICES IN INDIA I. HISTORY OF BANKING IN INDIA There are three different phases in the history of banking in India. 1) Pre-Nationalization Era. 2) Nationalization Stage. 3) Post Liberalization Era. 1) Pre-Nationalization Era: In India the business of banking and credit was practices even in very early times. The remittance of money through Hundies‚ an indigenous credit instrument‚ was very popular. The hundies were issued by bankers known as Shroffs‚ Sahukars
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An Executive Development Program on ’Green Banking Initiative: Opportunities for Bangladesh’ was organized by Islami Bank Bangladesh Ltd (IBBL) on September 28‚2010 at the Mohammad Younus Auditorium of Islami Bank Tower in the city. Presided over by Mohammad Abdul Mannan‚ Managing Director of the Bank‚ Prof Dr Bandana Saha‚ Director General of Bangladesh Institute of Bank Management (BIBM) was present in the program as Chief Guest. The key discussion was presented by Dr Shah Md Ahsan Habib‚ Associate
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The Future of Banking: The Mobile Banking Revolution Brett Lord Florida Institute of Technology Strategic Management BUS5480 Professor Uchenna Nwabueze March 24‚ 2013 Abstract Mobile banking changed the landscape of personal banking. As the Internet became more ubiquitous and smartphone and tablet use is increasing‚ the desire for consumers to conduct their banking on the go grew exponentially. Financial institutions are expanding the services offered through mobile banking to attract younger
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“Banking‚ Finance‚ and Money: a Socio-economics Approach” L. Randall Wray‚ Professor of Economics and Director of Research at Center for Full Employment and Price Stability‚ University of Missouri—Kansas City; and Senior Scholar‚ Levy Economics Institute at Bard College. This paper will briefly summarize the orthodox approach to banking‚ finance‚ and money and then will point the way toward an alternative based on socio-economics. It will be argued that the alternative approach not only fits
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