Off-shore Banking /OBUs Off-shore Banking: Offshore banking refers to the deposit of funds by a company or individual in a bank that is located outside their national residence. Although the term implies that these banks are located on islands‚ many offshore banks are‚ in fact‚ found in onshore locations‚ such as Panama‚ Luxembourg and Switzerland. The advantage of offshore banking is that‚ in many cases‚ funds are tax exempt where the banks are located. Offshore banks also offer the same services
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The standard chartered bank is a leading international banking group committed to building a sustainable business over the long-term. They provide a wide-range of products and services for personal and business customers across 68 markets. They’re listed on the London‚ Hong Kong and Mumbai stock exchanges‚ and rank among the top 20 companies in the FTSE-100 by market capitalization.. Since 2000‚ They’ve made a number of alliances and acquisitions. These have made it possible to broaden their locations
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The Swiss Banking Industry The Swiss banking industry has been around for more than 250 years‚ making it the cornerstone of the financial sphere. It has however been rapidly changing in the recent years‚ influenced by the latest financial crisis‚ and numerous tax evasion scandals. It has had to change its economic and regulatory conditions as the country’s authorities‚ as well as foreign authorities are demanding for a change in practices. This‚ in turn‚ has put the industry in the spotlight possibly
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Mitra‚ Shankar Ravi (2008)‚ A stable and efficient banking sector is an essential precondition to increase the economic level of a country. This paper tries to model and evaluate the efficiency of 50 Indian banks. The Inefficiency can be analyzed and quantified for every evaluated unit. The aim of this paper is to estimate and compare efficiency of the banking sector in India. The analysis is supposed to verify or reject the hypothesis whether the banking sector fulfils its intermediation function sufficiently
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roTHE ROLE OF ISLAMIC BANKING IN ECONOMIC DEVELOPMENT IN EMERGING MARKETS BY HAJARA ADEOLA MD/CEO LOTUS CAPITAL LIMITED A PRESENTATION AT THE ISLAMIC FORUM BUSINESS LUNCHEON LA SCALA‚ LAGOS NOVEMBER 2007 1 OUTLINE • • • • • • • • • • • • • • Introduction Effects of the Interest Based system The Islamic Solution The Framework Shari’ah Objectives and Effects Islamic Tools for Prosperity Macroeconomic Efficiency Islamic Banks – An Alternative? Effects on the Economy Financial Institutions Global
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Pros | Cons | * as a safer‚ more stable alternative to conventional finance look at the damage that an interest-based system has done to the US and Europe * emphasising Islam’s preference for an equitable distribution of wealth and dislike of excessive financial leverage * its assets estimated to total nearly $1 trillion globally * it had expanded at a compound annual growth rate of 20 per cent over the past three years‚ compared to 9 per cent for conventional finance | The Dubai debt
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Topic: Why banking sector needs to be regulated? Apply for Vietnamese banking system. Structure: I. Basic characteristics of banking 1. Basic characteristics of banking 2. Characteristics of Vietnamese banking sector II. Reasons for regulating banking system. 1. Banking regulation 2. Reasons why banking system needs to be regulated 3. Regulators’ measures III. Applying for Vietnamese banking system 1. Actual situation of banking system in Vietnam 2. Banking regulations
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Measuring compliance Thea Vinnicombe[pic]‚ a‚ [pic] a Faculty of Business (Fachberreich Wirtschaft)‚ Fulda University of Applied Sciences (Hochschule Fulda)‚ Marquardstraße 35 36039 Fulda‚ Germany Available online 4 March 2010. Abstract Islamic banking and finance have grown rapidly in recent decades. Islamic banks offer a range of products‚ which‚ in complying with Islamic law‚ often differ from traditional Western financial products. Consequently‚ developing accounting standards to guide Islamic
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is may be seen as applicable only to industries that provide tangible goods‚ such as iPads or pharmaceutical drugs‚ are nevertheless relevant to a service-based industry like investment banking. First‚ I will define marketing strategy and briefly describe its various elements. Next‚ I will define investment banking and give a brief description of the various services provided. Finally‚ I will explain how understanding marketing strategy provides additional rigor and insight to an investment banker’s
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by: Houda Cherrak and Bouchra Touzani To Doctor: David Hampton March 27‚ 2008 Introduction to Islamic banking system Islam not only prohibits dealing in interest but also in liquor‚ pork‚ gambling‚ pornography and anything else‚ which the Shariah (Islamic Law) deems unlawful. Islamic banking is an instrument for the development of an Islamic economic order. Islamic banking‚ with 15 to 20% growth a year‚ has emerged as one of the vital pillars of the global economic system. Islamic financial
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