INTRODUCTION TO ISLAMIC BANKING The term Islamic banking refers to a banking activity or a system of banking that is in consonance with the basic principles of Islamic Shariah (rules and values set by Islam). Islamic banking is also known as interest free banking system as the Shariah disallows the acceptance of “Riba” or interest rate for the accepting and lending of money. In Islamic banking system‚ a business that offers good interest rates or services is strictly prohibited and it
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Start preparing for a BANKING career along with PO Coaching A bank probationary officer is the starting level for class I officers in banking sector. The candidates are selected through written examination followed by GD and Interview. Probationary officers are trained to work in different functions such as admin‚ operations‚ accounts‚ marketing‚ finance‚ investment‚ etc. Thereafter candidates are posted as Asst Manager in any of the bank branches. Industry estimates suggest 20‚000 to 50‚000 PO
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Banking in the Bahamas Banking is an important part of the Bahamian economy because it generates a source of income for The Bahamas. In fact‚ banking which is a TERTIARY industry is the second largest industry in The Bahamas. The first bank in The Bahamas was the Government Savings Bank established in 1836. It was also known as the Public Bank of The Bahamas but closed in 1886. In the same year of its collapse‚ a Government Savings Bank was established under the control of the Post Office Department
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INDIAN BANKING SYSTEM A Transition from Traditional Banking to Mobile Banking BY: Abhilasha Sharma Indian Banking system: An Overview Banking in India originated in the last decades of the 18th century. The oldest bank in existence in India is the State Bank of India‚ a government-owned bank that traces its origins back to June 1806 and that is the largest commercial bank in the country. Central banking is the responsibility of the Reserve Bank of India‚ which in 1935 formally took over these
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The Future of Mobile Banking by Rob Berger in Banking * Photo: BankSimple INTRODUCTION Communication is the exchange of information and feeling or ideas‚ which allow the majority of people to get the news of all sides. In addition‚ we are used the communication every day to let people know what we are doing or thinking even feeling which people are received that by voice‚ picture or chat. Moreover‚ communication technologies have made it simple to communicate to friends in the other side of
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are the different types of banks? Banks’ activities can be divided into: * Retail banking - Dealing directly with individuals and small businesses; * Business banking - Providing services to mid-market business; * Corporate banking - Directed at large business entities; * Private banking - Providing wealth management services to high net worth individuals and families; * Investment banking - relating to activities on the financial markets. Most banks are profit-making‚ private
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Executive Summary Mobile Banking (Vishavjit Singh & gurjeet singh brar) Mobile devices have increasingly become tools that consumers use for banking‚ payments‚ budgeting‚ and shopping. The use of mobile phones in order to effectuate banking transactions is bound to increase in a significant way in the near future. This growth in mobile financial services not only depends on technological advances‚ but also on consumer confidence in the provided services. Almost every person has a cell
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[pic] ISLAMIC BANKING: IS IT REALLY “ISLAMIC”? By: Omar Mustafa Ansari & Faizan Ahmed Memon Is it really Islamic? …. In this era of development and growth in Islamic finance and banking‚ this is a question being raised at every forum by various quarters. All those who raise this question‚ are undoubtedly well-wishers of Islam‚ Islamic economic system and Muslim Ummah. Accordingly‚ while we celebrate the achievements of Islamic banking on one hand‚ we should not
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Bramhe / International Journal of Engineering and Technology Vol.3 (6)‚ 2011‚ 472-479 SMS BASED SECURE MOBILE BANKING Manoj V‚ Bramhe Department of Information Technology‚ RTM Nagpur university St. Vincent Pallotti College of Engg. And Technology‚ Nagpur‚ India manoj_bramhe@yahoo.com Abstract— M-banking has emerged as one of the main division of m-commerce. Mobile banking services consists of information inquiry‚ notifications and alerts‚ applications and payment transfer. Mobile based
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Green Banking Strategy: An Innovative Model for Sustainable Financial Inclusion in Emerging Markets Dr. Broto R. Bhardwaj‚ Dean‚ Research and Ms. Aarushi Malhotra‚ PH.D Scholar‚ Bharati Vidyapeeth University‚ Institute of Management and Research‚ New Delhi Abstract "Green Banking"‚ an effort by the banks to make the industries grow green and in the process restores the natural environment. This concept of "Green Banking" will be mutually beneficial to the banks‚ industries and the economy by enhancing
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