1.Q: Explain the functions of Merchant Banking. Functions Merchant banking is a service oriented industry. Merchant banks all over the world carry out the same set of services. Merchant banks in India carry out the following functions and services specifically. 1. Corporate Counseling 2. Project counseling 3. Pre-investment Studies 4. Capital restructuring 5. Credit Syndication 6. Issue Management and underwriting 7. Portfolio Management 8. Working Capital Finance 9. Acceptance Credit and Bill
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[Islamabad‚ Pakistan: Islamic Research Institute‚ 1986] Muhammad Mazhar Iqbal Mohammad Hashim Kamali. Principles of Islamic Jurisprudence [Cambridge‚ UK: Islamic Texts Society‚ 2003] Ibn Majah Imran Ahsan Khan NYAZEE. The Concept of Riba and Islamic Banking [Online document‚ 2000] Mohammed Obaidullah Mohammad Nejatullah Siddiqi. Riba‚ Bank Interest‚ and The Rationale of Its Prohibition [Islamic Development Bank‚ Visiting Scholars Research Series‚ 2004] Iqbal Ahmad Khan Suhail Supreme Court of Pakistan
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The commercial banks serve as the king pin of the financial system of the country. They render many valuable services. The important functions of the Commercial banks can be explained with the help of the following chart. Primary Functions The primary functions of the commercial banks include the following: A. Acceptance of Deposits 1. Time Deposits: These are deposits repayable after a certain fixed period. These deposits are not withdrawn able by cheque‚ draft or by other means. It includes
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organisational plan and all the related measures that an entity adopts to: * safeguard assets * encourage adherence to company policies * promote operational efficiency * ensure accurate and reliable accounting records. It is either an administrative control or an accounting control Characteristics of an effective internal control system include: * Competent‚ reliable‚ and ethical personnel * Assignment of responsibilities * Proper authorisation * Separation of duties
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competition‚ increase in customer’s demand for both services provision as well as efficiency ‚ expansion due to increase in demand and all the likes just to name a few. The ATM system used by micro financial institutions today is an inherited system from banking system therefore brought in efficiency in different micro financial institutions in terms of speed‚ data processing and storage. Thus‚ it brought in enormous improvement in queuing in institutions in use of the ATMs. Despite all the merits of ATMs
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Blood banking law RA 1517: Blood banking law June 16 1956 PURPOSES -safeguarding -promoting -preventing RA 7719: Repealed or repeals 1517 May 5 1994 The national voluntary blood services act AO 9 s. 1995 Ao 17- As. 1998 Purpose of 7719 To promote voluntary blood donation To provide safe‚ adequate‚ affordable and equitable blood products To inform the public To require all blood banks/ centers to operate on a non profit basis Donors 1. Voluntary
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HISTORY OF ACCOUNTING LEARNING OUTCOMES Understand the history of accounting dating from prehistoric times to written record keeping. Identify the seven preconditions for the emergence of systematic book keeping. Know Luca Pacioll contributions in introducing double entry book keeping. Accounting is a tool‚ invented by humankind‚ to fulfill needs of society. Unlike the explorers of the past who discovered new lands‚ accounting cannot in any true sense be said to have been discovered
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Koffa Gboilee Money and Banking Topic proposal To: Professor: James Garvin Date: 3/22/2014 In the last five years‚ the Federal Reserve has adopted a huge monetary system of decreasing and minimizing the pressure of the interest rate to assist and unsure the hesitant economy and the financial market. The Federal Reserve has by all means put in every strategy to eliminate the impending or disaster that will maintain the cause of recession at the very lowest point of happening. The Federal
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A Look at “Positive Affect and Health” As Sheldon Cohen and Sarah D. Pressman first note‚ academic literature on the subject of chronic negative thoughts and affective styles is plentiful‚ focusing on the increase risk of disease. But in the paper “Positive Affect and Health‚” 2007‚ Cohen and Pressman attempt to combine literature on positive thoughts and affective style with their own research and study into the subject. Predominantly‚ the authors seek to highlight the correlation between an individual’s
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Table of Contents Theory 2 Introduction 2 Fundamental 2 Background 3 Prepayment 3 Accrual 3 Income Statement 6 Balance Sheet 8 Trend Profit 9 QUOTES THEORY‚ INTRO‚ TABLE OF CONTENTS Introduction The purpose of this report is to identify the items that may result in adjusting entries for both prepayments and accrual by looking at the trial balance and income statement. Furthermore‚ analyzing the historical summary of financial is to know the trend for profit or loss of
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