the customers. Accordingly‚ SJIBL is offering different type of deposit scheme bearing highest rate of return. Mudarabah Deposit Scheme‚ Monthly income scheme and Millionaire scheme are the most popular offers that are completely innovation in the banking sector and widely accepted by the clients. With crumble down of the world economy‚ it is observed that the competition becomes intensive in the globalization process. Our country has also participated in the race for its existence. Therefore‚ it becomes
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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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the Islamic value (haram) On the other hand‚ conventional banking is essentially based on the debtor-creditor relationship between the depositors and the bank on one hand‚ and between the borrowers and the bank on the other. Interest is considered to be the price of credit‚ reflecting the opportunity cost of money. Islamic law considers a loan to be given or taken‚ free of charge‚ to meet any contingency. Thus in Islamic Banking‚ the creditor should not take advantage of the borrower. When
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BRANCHLESS BANKING IN PAKISTAN Submitted To Sir Fida Hussain Bukhari Submitted By Syed Qasim Raza Roll No Mi08Bbba011 Hailey College of Banking & Finance Punjab University ACKNOWLEDGEMENT Words will never be able to express enough my fervent gratitude to almighty Allah‚ the most compassionate and merciful‚ for giving me the courage and fortitude to accomplish this gargantuan task. We are the Holy Prophet’s (PBUH) Ummah and we acknowledge that the Holy Prophet’s (PBUH) moral and
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RURAL BANKING IN INDIA Introduction Rural banking in India has been the subject of study Survey Committee Report in 1954‚ literally thousand of reports have examined and investigated the problems relating to the credit delivery for agriculture and rural area. Latest magnum opus on the subject is the National Agricultural Credit Review report 2000. The Expert Committee on Rural Credit (Chairman: Professor V.S.Vyas) submitted its report in 2002.One
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Universiti Sultan Zainal Abidin Kuala Terengganu‚ Terengganu Malaysia Abstract Islamic banking products and services are gaining popularity among non-Muslims across the globe due to its wider product coverage and ability to traverse the global economic melt-down. However‚ to what extent this statement is true in Malaysian context. Hence‚ this research aims to examine non-Muslim customers’ perception of Islamic banking products and services in Malaysia. The analysis of this research involved 152 respondents
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What is Investment Banking “A specific division of banking related to the creation of capital for other companies. Investment banks underwrite new debt and equity securities for all types of corporations. Investment banks also provide guidance to issuers regarding the issue and placement of stock.” An investment bank is a financial institution that helps companies take new bond or stock issues to market‚ usually acting as the intermediary between the issuer and investors. In addition to the services
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Research Report of Money and Banking Issues and Problems in Islamic Banking Abstract:- Three decades have passed since the first Islamic bank began its operations in MitGhamr‚ Egypt‚ and more than a decade has passed since the Islamic Republics ofIran and Pakistan adopted a non-interest-based financial system. Profit Loss Sharing (PLS) dominates the theoretical literature on Islamic finance. Broadly‚ PLS is a contractual arrangement between two or more transacting parties‚ which allows
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Islamic Banking is a banking system that is based on the principles of Islamic law (also known Shariah) and guided by Islamic economics. The Islamic banking today has become most popular and reliable financial system in the world. The history and evolution of Islamic Banking dates back over 14 centuries ago to the origins of Islam when the Holy Quran was first revealed to Prophet Mohammed (PBUH)‚ hence encompassing a complete set of rules and regulations for all aspects of life put forth in
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Introduction In this assay‚ I will examine the relationships banking‚ starting with the Definition of Relationship Banking‚ then I will explain the benefits and costs of relationships banking‚ and in the end I will answer the question how relationships banking reduces information asymmetries. Definition of Relationship Banking The concept of Relation Banking is a strategy used by banks to their enhance profitability. They accomplish this by cross-selling financial products
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