transaction‚ if that is removed from the financial transaction then that transaction is no more remained the business or trade but involved in the category of Usury(Riba). That’s why the profit rates of Islamic banks should be accrued form one year to another year‚ according to the performance of the bank‚ not according to the change in interest rate (Gafoor‚ 2001). Just like to conventional banking‚ Islamic banking too provide the facility to their customers by offering different types of depository schemes
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THE AMERICAN INTERNATIONAL BANK CASE * Summary of the Situation Tamara Long sat in her office reflecting on the tough past 6 weeks. She was the head of the international department at the American International Bank (AIB). Six weeks ago‚ the Chairman of the bank had called Tamara into his office. A bulletin had just come over the bank ’s wire indicating that a military coup had taken place in Portugal. The bulletin also reported that the new military dictator had frozen all foreign assets in
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Impact of Information Technology on Financial Performance of Banks 1.0 Introduction As an emerged business trend‚ the vast applications of information technology (IT) on economic organizations are immense and immeasurable. Organizational systems and functions are now considered effortless and unproblematic because of Information Technology (IT). IT also expanded the opportunities concerning product development processes or innovations that provide organizations with cost and competitive advantages
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to the national focus and priority of various countries - developed and developing ones as well. In the Sri Lankan context ‚ the government has provided impetus to the authorities to increasingly cater to the emerging financial needs of the SMEs. Bank and Institutional finance are expected to be made available on easy and flexible terms and conditions and on priority basis. Small and Medium Enterprises(SMEs) are hit by poor access to funds. This can be overcome if financial institutions are able
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2011 Standard Chartered Bank Topic: Management Information System Muhammad Nayab Gul 131 (Eve.) 8th Sem. BBA (Hons.) Department of Management Sciences The Islamia University of Bahawalpur‚ Pakistan Introduction: The main objective of management information (MI) is the possession of the necessary information on operational performance of the regular organization for planning and control. Traditional techniques such as intuition‚ general‚ personal whims and prestige‚ etc. are now considered
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Business 1.1 Core Business Activity Public Bank Berhad’s core business is to provide wide range of banking and financial services that includes commercial banking‚ retail wealth management‚ Islamic banking‚ investment banking‚ stock broking and card businesses. Public Bank is a market leader in consumer banking and retail commercial lending to SMEs (Small to Medium Enterprise) in Malaysia‚ complemented by corporate banking services as well. (Public Bank) Source: Annual Report 2007 c p29
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Anthony A. Aderhold BETH 601-80 Case Analysis #2 “US Citizen Bank (A)” Identification: Should Ms. Jefferies submit information or withhold information to a governmental arm‚ even though participation is completely voluntary? Michelle Jefferies is vice president for the Niche Credit Markets Division for US Citizen Bank. During her tenure‚ the development of a college student credit card program has rapidly accelerated. At the same time the U.S. General Accounting Office (GAO) has requested
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EXAM – Spring‚ 2011 South West Cross Bank Towards the end of the 1990s‚ much of the European retail banking industry was facing unprecedented levels of competition. This was partly the result of excess capacity (many towns had four or more bank branches within 100 metres of each other) and partly triggered by the presence of aggressive new entrants‚ including insurance companies and other retailers‚ such as supermarkets. Many of the new retail banks concentrated on a few simple financial products
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Case Analysis: Bank of America: Mobile Banking Company Overview: Bank of America is the largest US bank founded in 1904‚ it has expanded through several acquisitions. By the end of 2009‚ Bank of America was the market leader serving 82% of the US population and over 53 million customers. They are positioned as number one in online and mobile banking. Their mobile banking services were launched in 2007 and have gained 4 million customers in less than three years. Acquisitions made by Bank of America
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Application of CRM in Axis bank Axis bank is using Finacle solutions from Infosys address the core banking‚ e-banking‚ mobile banking‚ financial inclusion‚ Islamic banking‚ treasury‚ wealth management and customer relationship management (CRM) requirements of retail‚ corporate and universal banks worldwide. Core Banking - Finacle core banking solution is a comprehensive‚ integrated yet modular business solution handles the strategic and day-to-day (or core) processes of banks. E-Banking - Finacle consumer
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