Introduction 1 How Islamic banking system is different from conventional one? 1 Maintenance of CRR/SLR: 4 Project appraisal and evaluation: 4 Basis for collection of deposit 5 Moral Dimension 5 Emphasis on Productivity as compared to credit worthiness 5 Scope of the activities: 6 Guarantee for deposit: 6 Distributive justice and economic stability: 7 Allocate Efficiency: 7 Stability of banking system: 8 Growth of the banking system: 8 Emphasis
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CHECK YOUR ENGLISH VOCABULARY FOR BANKING AND FINANCE Jon Marks A & C Black London www.acblack.com First edition published 1997 This second edition published in Great Britain 2007 A & C Black Publishers Ltd 38 Soho Square‚ London W1D 3HB © Jonathan Marks 2007 All rights reserved. No part of this publication may be reproduced in any form without the permission of the publishers. A CIP entry for this book is available from the British Library ISBN-10: 0 7136 8250
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MID TERM ASSIGNMENT BANKING & FINANCE LAW Name: Tran Cong Hieu Student ID: 15402543 Word count: 986 ISSUES Can Fantastic Landscapes Pty. Ltd. have the right to sue Red Bank to claim $50‚000 which Minnie has stolen? Can Fantastic Landscapes Pty. Ltd. sue Red Bank for compensation for the $10‚000 penalty fee? Can Fantastic Landscapes Pty. Ltd. seek compensation from BLB? RULES Firstly‚ who is the customer? Secondly‚ content of the contact at (2.65) states that: the contact between
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Thesis on Internet Banking Internet banking is the new method of banking using the new technologies available in the world today. Instead of needing to travel into a local branch of your bank‚ the Internet allows you to do a wide variety of useful things with your accounts. It can be accessed from anywhere that there is a computer with the Internet‚ and of course unlike bank branches the net is open 24 hours a day 7 days a week. The services available online vary from bank to bank. Most of
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Principles of Banking and Finance: Single Cashflow 1. Present Value (PV) * the value on a given date of a payment or series of payments made at other times (past or future) * Discounting from the future * Value at t=0 on a given time line (“t” is the period‚ ranging from 0 to n where “n” being the last period). * Net Present Value (NPV): PV after deducting all the costs 2. Future Value (FV) * The amount to which a specific sum and /or series of payments will grow on a given
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1.1 Identify the following characteristics of the debt issuance: I) Principal amount offered to the public SGD100 million II) Interest rate 3.8% per annum III) Payment arrears Semi-annual IV) Number of years the debt will be active 10 years 1.2 Calculate the following financial ratios: I) Current ratio Current Asset / Current Liabilities 1816593 / 365758 = 4.97 ii) Quick ratio Current assets – Inventory (0) / current liabilities
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Islamic Finance June 2010 www.globalislamicfinancemagazine.com G LO B A L demand interview with UK:£8.00 Vast and unmet Mutual Funds & Wealth Management: Islamic John Sandwick Structure features in Shari’ah-Compliant Project financing: Case Study-based Part I P. 12 Brand New Way: Selling Islamic Finance to NonMuslims. Part II-Marketing and Selling Ba nc al hic ina Et & F ing nk e Sharia’a-Compliant Investing-Many Happy Returns? P. 60 P. 42 gif Principles of Islamic
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retirement account. She made her first such saving deposit into this fund on her 34th birthday. Dominique has also retired and wants to figure out how much money she has in her retirement account for her retired life. You are Dominique’s friend who knows finance. How much is Dominique’s savings worth today given that the fund has earned an annual return of 3.5%? (Enter just the number in dollars without the $ sign or a comma and round off decimals.) Answer for Question 3 You entered: Your Answer Score Explanation
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depression mainly U.S and Europe‚ and we also saw that those countries based on interest-free economic system. This is the scope for Islamic banking or interest free banking in India. Recently the Jeddah chapter of IFIB (Indian Forum for Interest free Banking) has submitted a memorandum to Salman Khurshid (External Affairs Minister of India). They demands Interest-free banking in India because many Indians working in Saudi Arabia wishes to invest their money in India’s infrastructure and other Developmental
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Article 1 The direction of Islamic economics emerged since the prophetic period from the practice of Prophet Muhammad as an entrepreneur. His life and the companions that surrounded within the parameter of this business culture as guided by the Holy Qur’an. Nevertheless‚ the formal discussion of the discipline is rarely discussed in the previous conventional economic system. In order to serve the responsibility as a khalifah‚ Muslims practice a just economic system to achieve the objective of
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