INTRODUCTION TO ISLAMIC BANKING The term Islamic banking refers to a banking activity or a system of banking that is in consonance with the basic principles of Islamic Shariah (rules and values set by Islam). Islamic banking is also known as interest free banking system as the Shariah disallows the acceptance of “Riba” or interest rate for the accepting and lending of money. In Islamic banking system‚ a business that offers good interest rates or services is strictly prohibited and it
Premium Islamic banking Islam Sharia
Start preparing for a BANKING career along with PO Coaching A bank probationary officer is the starting level for class I officers in banking sector. The candidates are selected through written examination followed by GD and Interview. Probationary officers are trained to work in different functions such as admin‚ operations‚ accounts‚ marketing‚ finance‚ investment‚ etc. Thereafter candidates are posted as Asst Manager in any of the bank branches. Industry estimates suggest 20‚000 to 50‚000 PO
Premium Bank
The Future of Mobile Banking by Rob Berger in Banking * Photo: BankSimple INTRODUCTION Communication is the exchange of information and feeling or ideas‚ which allow the majority of people to get the news of all sides. In addition‚ we are used the communication every day to let people know what we are doing or thinking even feeling which people are received that by voice‚ picture or chat. Moreover‚ communication technologies have made it simple to communicate to friends in the other side of
Premium Mobile phone Bank Money
Executive Summary Mobile Banking (Vishavjit Singh & gurjeet singh brar) Mobile devices have increasingly become tools that consumers use for banking‚ payments‚ budgeting‚ and shopping. The use of mobile phones in order to effectuate banking transactions is bound to increase in a significant way in the near future. This growth in mobile financial services not only depends on technological advances‚ but also on consumer confidence in the provided services. Almost every person has a cell
Premium Mobile phone Cellular network
Core Banking System Meaning:- Core banking is a general term used to describe the services provided by a group of networked bank branches. Bank customers may access their funds and other simple transactions from any of the member branch offices. Core Banking system or CBS is one of the recent developments in the field of banking‚ and has proved to be very useful. It is a facility provided by banks in which a person‚ having an account in one branch‚ can operate his account‚ in another
Premium Bank Central bank Monetary policy
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
Free Federal Reserve System Monetary policy Currency
[pic] ISLAMIC BANKING: IS IT REALLY “ISLAMIC”? By: Omar Mustafa Ansari & Faizan Ahmed Memon Is it really Islamic? …. In this era of development and growth in Islamic finance and banking‚ this is a question being raised at every forum by various quarters. All those who raise this question‚ are undoubtedly well-wishers of Islam‚ Islamic economic system and Muslim Ummah. Accordingly‚ while we celebrate the achievements of Islamic banking on one hand‚ we should not
Premium Bank Financial services Islamic banking
In The “Banking “Concept of Education Freire discusses the conventional way of teaching as a trap that creates an oppressive environment in education and cripples students in their knowledge and their ability to take action later in life. Freire discusses that the teacher and student relationship contributes heavily to this oppressive atmosphere in the classroom and encourages ignorance on behalf of the student. I challenge Friere’s thoughts of escaping from education as we know it today; and instead
Free Education Teacher Learning
the expansion of banking and money and the changes in people’s financial wealth are three ways by which the financial system could affect the level of aggregate demand in the economy. For a real economy to expand‚ liquidity of assets is a requirement and the availability of liquid assets increases the aggregate demand in the economy as consumers have easy access to cash when needed as liquid assets are assets that can be easily converted into cash. The expansion of banking and money also affects
Premium Investment Economics Stock market
E.E-BANKING: There is no official definition of this term‚ but it generally implies a service that allows customers to use some form of computer to access account-specific information and possibly conduct transactions form a remote location – such as home or at the workplace. The obvious advantage to the consumer is convenience – one bank recently used the advertising motto “bank naked” to emphasize the customer’s freedom to conduct routine banking transactions from the comfort and security of
Premium Credit card Debit card Cheque