Bank is an organization where people can save their money‚ invest or take loans in big amounts to get what they want such as‚ cars loans or house loans and business loans … etc. Banks can make people and business life easier where they can withdraw their money any time. There are many banks in Oman. Some banks are well known with their excellent reputation because of the easy and fast services and some are known with their excellent customer service. There are a lot of banks in Oman‚ some are
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contribute a certain sum of money to a common pool. The Takaful system is based on the principles of mutual co-operation and responsibility between participants in a group. It is defined as an Islamic insurance concept which is grounded in Islamic muamalat (Islamic banking)‚ observing the rules and regulations of Islamic law. * There are two criteria which the Takaful consumers’ depend on to gain the confidence on the product. First‚ the operations of the business must fully comply with Shariah principles
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Introduction In the comprehensive and restrictive meaning‚ riba is defined as “any increment incurred upon specific ribawi (usurious) items originated either from debt or trading transactions”. Apart from its literal meaning of “increase”‚ classical Islamic scholars such as Ibn Arabi‚ Mujahid and Tabari interpreted riba as an ‘increase without wealth (mal) attached to it’‚ or as ‘compensation for waiting’ or ‘increase of amount owing to the lenders due to the deferment of payment resulted from extension
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INNOVATIONS IN BANKING SECTOR INTRODUCTION The term innovation means”to make something new”. Banks no longer restricted themselves to traditional banking activities but explored newer avenues to increase business and capture new market. INDIAN BANKING SECTOR From 1806 qualitative & quantitative changes have been taken place. With 1935 regulation RBI was proclaimed as central bank of India. In 1990’s greater emphasis was placed on technology & innovation. New concepts like personal banking‚ retail
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INTRODUCTION: Online banking is a technological advancement that has brought about such a change. The banking industry has adopted virtual banking to improve business process‚ infrastructure‚ and customer relationships. These changes have had a major impact on the banking business‚ but more transparently on the customers of online banking. The matrix measures for the improvements added by online banking can be evaluated on comparable levels of service‚ efficiency and cost satisfaction‚ for both
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AN INVESTIGATION OF THE RELATIONSHIPS BETWEEN BENCHMARKING FACTORS WHILE DECIDING TERM DEPOSIT RATE‚ KNOWLEDGE-PROCESSING CAPABILITIES AND ORGANIZATIONAL PERFORMANCE IN THE CONTEXT OF ALARAFAH ISLAMI BANK LIMITED IN BANGLADESH by Neaz Mahmud Hossainy ID: 0130018 An Internship Report Presented in Partial Fulfillment of the Requirements for the Degree Bachelor of Business Administration INDEPENDENT UNIVERSITY‚ BANGLADESH April 2006 AN INVESTIGATION OF THE RELATIONSHIPS BETWEEN
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the Sukuk Market Expected Growth of the Sukuk Market Introduction 1974 beginning of the first Islamic Financial Institution by the creation of the inter-governmental Islamic Development Bank (IDB) 2001 first GCC Sukuk issuance • Bahrain Monetary Agency USD100 Million 2002 World’s first Islamic global bond issue • Federation of Malaysia USD600 Million What is a Sukuk? A Sukuk is an Islamic Bond compliant with Shariah law‚ which pays a return based on tangible assets in lieu of an interest
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E-Banking in Bangladesh: The Future of Banking Kamrul Hasan* E-banking is the waves of the future. It provides enormous benefits to consumers in terms of case and cost of transactions‚ either through internet‚ telephone or other electronic delivery channels. For many consumers‚ electronic banking means 24-hours access to cash through an Automated Teller Machine (ATM) or Direct Deposit of paychecks into checking or savings accounts. But electronic banking now involves many different types of transactions
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Report On Mobile Banking Introduction The last time that technology had a major impact in helping banks service their customers was with the introduction of the Internet banking. Internet Banking helped give the customer’s anytime access to their banks. Customer’s could check out their account details‚ get their bank statements‚ perform transactions like transferring money to other accounts and pay their bills sitting in the comfort of their homes and offices. However the biggest limitation
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Mrs. Suraiya Nazeen Associate Professor Dept. of Finance and Banking University of Chittagong Submitted By: Bidhan Dev Fourth Year B.B.A.(Hon’s) ID No: 08303052 Session: 2007-2008 Department of Finance and Banking University of Chittagong University Of Chittagong Date of Submission: Letter of Submission Date: To Mrs. Suraiya Nazneen Associate Professor Department of Finance & Banking University of Chittagong Chittagong
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