5. Suppose you need home financing. Which type of bank will you prefer? Islamic or conventional? Will you recommend Islamic banking to your friends and family? If yes, why? If no, why not?

Q: What does it take to become a personal financial advisor?

A: Personal financial advisor-They provide guidance to individuals on matters relating to personal…

Q: Going to a bank and applying for a mortgage loan would be an example of what type of financing?…

A: A mortgage is a contract between you and a lender that provides the lender the right to repossess…

Q: What is meant by a banker’s acceptance?

A: Money market instruments refers to financial instruments whose maturity period lies between 30 to…

Q: Discussion Topic Think about two important aspects of financial planning: insurance and investments.…

A: Insurance and investment both are essential components of one's financial planning for the future.…

Q: Islamic banking

A: Islamic banking is a system of banking in accordance with the rules of the Shariat. There is no…

Q: How do sellers benefit from allowing their customers to use credit cards?

A:

Q: true or false statements with explanation

A: True

Q: What are the Islamic financial products that the bank Aljazira offers to clients?  Quantify each…

A: Islamic banking and finance which is also known as Sharia-compliant finance, refers to the banking…

Q: ‘BNM acts as lender of a last resort’. This statement implies that   Select one: BNM may provide…

A: A central bank is the lender of a last resort or comes to the fore in case of liquidity issues for…

Q: Why is it important to check your bank statement? What should you look for? Explain your answer.

A: The bank statement is prepared in order to record the transaction that is related to the banking…

Q: Why is it important to choose checking and savings account that suits you best?

A: A checking account is that account which is for day to day spending. This is the account where the…

Q: What is Qiyas, explain with examples?

A: Qiyas is an Islamic legal concept based on the Quran and Sunnah. It is a process of analogy that is…

Q: What is the difference between Investment Banks and regular Banks? explain one small paragraph.

A: Introduction: Investment banks are those banks that are specialize in providing institutional bodies…

Q: According to Dave Ramseys seven baby steps plan. What would be the pros and cons of using a credit…

A: Dave Ramsey’s seven baby steps plans consists of plans which make an individual financially…

Q: What is the main idea about personal finance and financial literacy

A: The main idea about personal finance and financial literacy revolves around the effective management…

Q: Suppose Beth comes into a large sum of money and decides to lend it out to earn interest on it.…

A: INTRODUCTION: A financial intermediary is a third party that creates an environment for multiple…

Q: What specific areas of personal finance interest you the most and why? What aspects of your own…

A: Personal finance involves managing money and budget for a person or a family.   It involves aspects…

Q: Do Afghanistan have credit unions and mutual funds?

A: A credit union is a type of financial cooperative which provides traditional banking services to its…

Q: Being an individual what services you are availing from your banker and what do you think is the…

A: Being an individual, the types of service which we can avail from our banks are as follows:

Q: What is a Bankers’ Acceptance?

A: short term market securities: these are the securities which last for one year or less.

Q: Why is banking a necessity in our day-to-day life?

A: Banking involves accepting deposits from the surplus units and lending the money to those in need…

Q: Explain as to why people prefer to keep their savings in a bank though there are other opportunities…

A: An investor with money can either invest that money in equity, bonds, real estate, etc., or can save…

Q: Why are the banks reluctant to lend, and what should be done to increase bank lending?

A: Banks generally borrow and lend cash in the interbank loaning market so as to oversee the liquidity…

Q: Subject: Islamic banking & applied finance Q): What is Riba & what are the types of riba?…

A: in charge of the loan on the borrower, the charge may be small or large. As we know the Islamic…

Q: Q2. How Islamic Banks use Murabaha for financing? Write down the steps to be followed to make the…

A: Murabaha is one of the most commonly used modes of financing by Islamic banks and financial…

Q: How does peer to peer lending is different from traditional banking lending for Credit Mutuel Group?

A: Peer-to-peer lending is a type of crowd-funding that allows those who wish to invest to lend money…

Q: What are a few things to consider before you cosign a loan?

A: Cosigning a loan means that in case the borrower is unable to make the payments due on loan the…

Q: Being an individual what services you are availing from your banker and what do you think is the…

A: Banking is referred to as the business activity for acceptance as well as safeguard of the funds,…

Q: What is a nonrecourse loan? Will a nonrecourse loan given by the seller of real estate to the buyer…

A: A nonrecourse loan is a type of loan where the borrower (the buyer, in this context) is not…

Q: Briefly explain the functions of: (i) Islamic banks in Islamic Financial System.

A: Islamic banks play a crucial role in the Islamic financial system, which is based on the principles…

Q: 1 How do you see the future of banking? How has the crisis changed banks?

A: Here asked for multi question we will solve for first question as per guidelines.  If you need…

Q: What would happen to a country standard of living if people lost faith in the safety of the…

A: Introduction : In simple words, financial institutions refers to the entities such as banks and…

Q: Can you tell me about the link that exists between money, credit, and financial institutions

A: Modern banking ideas seem to be an intermediate, relegating the bank's generation of currency…

Q: hen obtaining bank financing for a ho

A: Mortgage points also known as discount points allow to pay more in closing in order to get a lower…

Functions of Financial Institutions

Financial institutions are businesses that are formed to deal with financial and monetary transactions. These organizations primarily accept deposits, advance loans, make investments, and provide foreign exchange services. Financial institutions include, but are not limited to, banks, insurance companies, trust companies, brokerage firms, and investment bankers. Because financial institutions play such an important role in the economy in terms of monetary transactions, regulating their activities has become a requirement for governmental authorities. As a result, the government creates a multitude of laws and regulations to oversee the activities of financial institutions.