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Credit Investigation and Selection of Borrower 23 May 2013 | 09:12 pm
Sanctioning credit is the main function of a bank and it is the prime source of earning of a bank. So, a banker must sanction credit. But only sanctioning a lot of credit will not serve the purpose of...
Guarantee and Indemnity for Loan/Credit 9 Nov 2011 | 08:44 pm
Generally loans and advances are made against tangible securities. When a customer has no tangible security to offer or when the security offered is inadequate, a guarantee is demanded by the banker. ...
WORKING CAPITAL ASSESSMENT 9 Nov 2011 | 04:29 am
What is Working Capital? Usually, a business concern, to speak more of a manufacturing unit, needs two types of finance. Firstly, it requires capital for the purpose of acquiring fixed and other long...
RECOVERY OF STUCK-UP LOANS AND ADVANCES: MONITORING AND SUPERVISING OF CREDIT 15 Aug 2011 | 10:02 pm
Banks lend money to their customers for various purposes with a view to making profit after meeting all relative costs (Cost of fund, establishment cost, administrative cost, etc.) Bank collects fund ...
Laws of Mudaraba and Shirkat 18 Jul 2011 | 09:00 pm
Mudaraba In Islamic Banking ‘Mudaraba’ is a type of partnership. The term Mudaraba is synonymous to MUQARADA. ‘Mudaraba’ is a word of Iraqi origin, mostly found in Imam Abu Hanifa and Ibn-e-Hambal’s ...
OBJECTIVES AND CHARACTERISTICS FEATURES OF ISLAMIC ECONOMY 10 Jul 2011 | 04:36 am
There is a misconception in some sections that establishment of Islamic economy means establishment of Arab economy as it existed 1400 years back at the time of the Prophet (S. M.) this is not correct...
HISTORICAL BACKGROUND OF ISLAMIC BANKING 9 Jul 2011 | 02:36 am
Islamic banking in its present shape is a recent development. It is a part of Islamic Economics, which is now a subject of serious study and research in many national and international institutions of...
HIRE PURCHASE UNDER SHIRKATUL MELK (IJARA MUNTAHIA BITTAMLIK) 25 Jun 2011 | 04:04 am
Hire Purchase under Shirkatul Melk is a special type of contract which has been developed through practice. Actually, it is a synthesis of three contracts: 1.Shirkat 2.Ijarah and 3.Sale These may ...
Guide Line for Induction of Client and Appraisal of Proposal 18 Jun 2011 | 02:22 am
INDUCTION OF CLIENT First of all, request potential Client to open an Al-Wadia (Current Account). Let him maintain the Current Account satisfactory for a reasonable period. (This will generally mean ...
Difference between a) Profit vs Riba and b) Rent vs Riba 17 Jun 2011 | 04:02 am
In Islam Riba (Interest) is strictly prohibited. Islam support business based banking where banks are allowed to earn through profit from business. That is banks profit will not be fixed prior to busi...
