How an investment or saving account can be opened in an Islamic Bank? Under what contract these accounts are opened? What will be the role of an Islamic Bank and customer in this contract?

Q: Considering the Hadith "Entitlement of profit depends upon liability for loss" point out and link…

A: The concept of Basic banking financial and the Islamic banking has some difference in their…

Q: he "MUDARABAH" and "MURABAHA" in Islamic bankin

A: MUDARABAH and MURABAHA are two basic concepts that are without interest financing the money required…

Q: Saving accounts operated by islamic banks are based on the concept of: Select one: O A. wadiah O B.…

A: Murabahah is also referred to as cost plus financing , It is nothing but an Islamic financing…

Q: Explain the terms ‘invoice discounting’ and ‘factoring’ and the advantages of these services to the…

A: answer are as follows

Q: Please define and give the basic characteristics of the following financial instruments.…

A: Certificate of Deposit or CD is an agreement between the depositor and the bank where a fixed amount…

Q: Islamic banking

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

Q: Explain the possible IFRS treatment of bank loans.

A: IFRS is international finance reporting standards will replace with Accounting standards 39.

Q: Finance Analyze the contributions and consequences of Islamic banking on organizations and…

A: Islamic banking is a banking system that operates according to the principles of Islamic law…

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: An employee opens customer payments, records them, and delivers the deposit to the bank is pressure,…

A: Fraud triangle is a theory used in auditing according to which there are three elements to cause the…

Q: WHAT DOES EXIM BANK JAMAICA DO?

A: Banks are very important for growth and development of any country.

Q: Banks? Banking Online? Is Banking Safe?

A: We can define financial institution as those institutions which help in the transfer of funds from…

Q: Explain why Zambian banks syndicate loans for their corporate customers.

A: We have to find out the reasons for the Zambian banks syndicating loans for their corporate…

Q: ercial guaran

A: Given: To explain the Islamic bank is charge on extend commercial guarantee as,

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: Which of the following is not a Commercial bank? BDO UNIBANK RCBC PS BANK CHINABANK

A: Commercial bank is referred to as the financial institution, which used to accept the deposits from…

Q: Q: According to UCP600, ( ) has/have the right of resource in case of dishonor   A. Issuing bank…

A: Commercial banks accept deposits from the public and offer a rate of interest for deposits to the…

Q: The most common way to perfect a security interest is by: Group of answer choices   -filing a…

A: In the event that the debtor becomes insolvent, a secured party perfects a security interest to…

Q: What caused the banking crisis? Explain b. Why was the Insurance Guarantee Agency established…

A: A banking crisis is a situation when the banks are at the point of solvency and liquidation. It may…

Q: Describe the process by which a banker’s acceptance is create

A: Banker's acceptances It can be characterized as the bank's promise to pay the given sum to the…

Q: Your opinion -Any Two Islamic principles and approaches that you suggest to the Bank. Justify your…

A: The two principles and approaches are discussed in step 2

Q: If you were a wise credit card user, under which of the following conditions would you consider…

A: Here the situation is person using the credit card and want to consider using the credit card to…

Q: Write a persuasive statement either supporting or opposing a bank's right to assign a mortgage to a…

A: A mortgage payment usually consists of four main components: principle, interest, taxes, and…

Q: 1. Define and site and example of a Savings and Mortgage Banking. 2. Site and Example of a Long Term…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Bank loans often are arranged under existing lines of credit. What is a line of credit? How does a…

A:

Q: GSIS loans

A: GSIS Loan  The general qualifications are actually quite simple just like the other government…

Q: Principles of the credit union in Jamaica

A: These principles are derived from the seven co-operative principles established by the International…

Q: Which of the following people must be registered in the states where they do business? A…

A: Registered representatives are the brokers who act on behalf of the broker-dealers and the…

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: Visit the web and find information on how social networks like Facebook have had some influence on…

A: The rules of credit card companies have been significantly influenced by Facebook and other social…

Q: On behalf of the Customers banks are acting under the role of____________________for some benevolent…

A: Answer: Customers use bank as the medium for ensuring the asset of trust are kept Safe and it is…

Q: Why should you and should not sign a personal guarantee for a business loan?

A: The personal guarantee for a business loan refers to the assurance by the company or a business…

Q: How do banks use your credit reports? Sight an example to illustrate the answer

A: Answer: As per Q/A guidelines, first question has been answered. please repost remaining questions…

Q: Why is it necessary for the bank to have the right to assign a mortgage to a third party (for…

A: Assignment of mortgage to a third party :  It is referred to as an agreement in loan obligations are…

Q: Amina, a potential client, approached the Islamic bank to obtain financing so that she could buy a…

A: Islamic Bank:  Financial or banking activities that follow Shariah are referred to as Islamic…

Q: : You dont have to call this banking as Islamic banking rather, you have to call it interest free…

A: Islamic banking is based on the Islamic principles and Shariah rules and regulation but this banking…

Q: Question: How can you prove that the conventional bank street the money equal to commodity where as…

A: The concept of money and its role in the economic system has drastically changed over the years. In…

Q: Which of the following correctly describes the exchange between lender and borrower in a typical…

A: The question concerns the paperwork and steps that are usually needed in a real estate loan…

Q: Discuss how the existence of Islamic finance fulfils the objectives of Shariah.

A: Shariah The term used in Islamic religion accustom with the rules regulation which are to be…

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.