Bank is a financial institution whose main aim is to earn profit through exchange of money and credit instruments. A banking company must perform both of the essential function accepting of deposits and lending or investing the same. If the purpose of acceptance of deposits is not to lend or invest‚ the business will not be called banking business. It may be said that banking in its most simple form‚ is as old as authentic history. As early as 2000 B.C. Bany Lonians has developed a system of banks
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1.1.1 INTRODUCTION OF E-BANKING The world is changing at a staggering rate and technology is considered to be the key driver for these changes around us. An analysis of technology and its uses show that it has permeated in almost every aspect of our life. Many activities are handled electronically due to the acceptance of information technology at home as well as at workplace. the people in the world now moving towards the internet banking. The ATM and the Net transactions are becoming
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The Reformed System: Interest Free Banking ………………………………….. Dr. Sirajuddin H Chougle‚ Dr. Abdul Majid Ansari‚ Associate Professors‚ Department of Commerce‚ Maharashtra College‚ Nagpada‚ Mumbai. 400 008.India Contact:sirajchougle@gmail.com ……………………………………………………………………………… Abstract One major problem the world faces today is acute poverty or widening gap between rich and poor. There have been continuous efforts to tackle this issue. The efforts are made to develop a balanced world. Banks
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Introduction E lectronic banking is an umbrella term for the process by which a customer may perform banking transactions electronically without visiting a brick-and-mortar institution. The following terms all refer to one form or another of electronic banking: personal computer (PC) banking‚ Internet banking‚ virtual banking‚ online banking‚ home banking‚ remote electronic banking‚ and phone banking. PC banking and Internet or online banking are the most frequently used designations. It should
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The American University of Sharjah Fall 11 08 Fall Ghada AL Ghazali ID: 37506‚ Professor: George Naufal The Main concept of Islamic banking vs. conventional banking systems Introduction Islamic finance is one of the fastest growing sectors of the global financial industry. It has become essential in some countries and very relevant in others. Many factors have influenced to the rapid growth of Islamic finance‚ including: (i) high demand in many Islamic countries; (ii) growing
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Green Banking Policy December‚ 2011 UNITED COMMERCIAL BANK LTD. Credit Risk Management Division Corporate Head office‚ Dhaka Instruction Circular # 1094 (A) December 29‚ 2011 All Branches Sub: Green Banking Policy The globe is encompassing immense environmental effects due to the activities of business‚ industries and financial houses. Moreover‚ the effects of climate change also create specific environmental issues for the enterprises and living beings at large. On the other
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The Banking Sector in Mauritius The banking sector comprised 20 banks licensed to carry on banking business in Mauritius as at end-June 2011.Of these‚ eight were domestically-owned banks‚ seven were subsidiaries of foreign banks and five were branches of international banks. Reflecting efforts undertaken by the Bank to develop the range of services offered by banks in Mauritius‚ a new entrant joined the banking industry in March 2011 as the first bank licensed to conduct Islamic banking business
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placed on all industries including financial services to implement green initiatives. There is a growing awareness amoung banks and financial institutions to protect the environment and thereby to save the mother planet. As Banks are responsible corporate citizens they believe that every small green step taken today would go a long way in building a greener future. Banks are committing funds on a sustainable basis in responsible banking. They are shifting forward from profit to people and now more importantly
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Letter of Encouragement Dear Readers‚ As I read the story of the Green Angel‚ I learned that having a painful past is so hard to face. Whenever someone’s asking you to tell him or her about your past you’re always keeping quite. In the story‚ green never tell her past until she found out that she was in love with diamond. The guy who changed her and to encourage her to tell the real story behind her past. The story of the Green Angel is full of love and the characters are full of symbolism‚ this
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Islamic Banking vs. Conventional Banking In most Islamic countries‚ they tend to practice two types of financing in banking industry which are conventional and Islamic banking. The country like in Malaysia has successfully developed an Islamic banking system that operates in parallel with the conventional banking system. There is similarity between conventional banking and Islamic banking which helps to promote economic growth provided financing services such as credit facilities for business activity
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