Chapter-01 Introduction 1.1 Background of the study The term “Islamic banking” refers to a system of banking or banking activity that is consistent with Islamic law (Sharia) principles and guided by Islamic economics. In particular, Islamic law prohibits usury, the collection and payment of interest, also commonly called rib in Islamic discourse. In addition, Islamic law prohibits investing in businesses that are considered unlawful, or haram (such as businesses that sell alcohol or pork, or
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Chapter-01 Introduction 1.1 Background of the study The term “Islamic banking” refers to a system of banking or banking activity that is consistent with Islamic law (Sharia) principles and guided by Islamic economics. In particular, Islamic law prohibits usury, the collection and payment of interest, also commonly called rib in Islamic discourse. In addition, Islamic law prohibits investing in businesses that are considered unlawful, or haram (such as businesses that sell alcohol or pork, or
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is because generation Y had become the largest customer for the banking industry in the present and the future. This is because Gen Y is the wealthiest generation now. As we know, Gen Y customers grow in tandem with the development of technology, from the era of mobile phones and gadgets, Internet-based communities and social networks. So, this trend makes Gen Y see technology as a key component of complete lifestyle including banking system. This generation tends to communicate with technology because
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Unions and Banking industries. Technological innovations have allowed the industry to be more open to consumers and challenges that the current economy has posed. Modern technology is also change the landscape of how, when and where business is conducted with financial institutions and consumers, businesses, and other organizations. Technology driven issues such as privacy, security and trust, have been pushed to the forefront, which makes the line between mobile banking and banking online increasing
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Background of the Study Now-a- day’s banking sector is modernizing and expanding its hand in different financial events every day. At the same time he banking process is becoming faster, easier and is becoming eider. In order to survive in the competitive field of the banking sector all organizations are looking for better service opportunities to provide their fellow clients. So it has becoming essential for every person to have some idea on the bank and banking procedure. Internship program so called
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that could be nurtured on the vision and values of Brite Bank. Hence, all branch level officers and assistants were recruited and trained by the bank. For this, the bank tied up with AK Institute of Banking & Finance, a training institute, to provide initial training to probationary officers and Banking Assistants recruited by the bank. Advanced training was imparted by Brite’s own training team, both at the bank’s corporate office and at branch level. According to Brite, exemplary customer experience
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MODEL ESSAY-IMPORTANCE OF ALTERNATE CHANNELS OF BANKING In the present era of Banking, state-of-the-art technology assumes strategic significance. It is precisely here that Alternate Channels of Banking are in prime focus. The importance of alternate channels arises from the fact that Banks are trying to shift from traditional ‘bricks-and mortar’ banking to ‘clicks and bricks’ banking. It is imperative that footfalls at Bank branches need to be drastically reduced to allow employees to focus on quality
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Internship Report on “Overall Branch Banking and A Comprehensive Review on Investment of First Security Islami Bank Ltd” [pic] “Overall Branch Banking and A Comprehensive Review on Investment of First Security Islami Bank Ltd” Submitted to Dr. Mohammad Fashiul Alam Professor Department of Management Faculty of Business Administration
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Evolution of electronic banking started with the use of automatic teller machines (ATMs) and has included telephone banking, direct bill payments, electronic fund transfer and online banking. Many forecast that online banking will continue to be the most popular method for future electronic financial transactions. On the other hand, Mobile Banking refers to provision and availability of banking and financial services with the help of mobile telecommunication devices. The scope of offered services
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Table of Contents |Title |Page # | |Executive Summary |4 | |Introduction |5 | |MCB’s Products and Services |8 | |Company’s:
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