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Balance of Trade and Balance of payment same?

Posted on November 20, 2014
Balance of Trade and Balance of payment same?   The Balance of trade (BT) is the amount, by which the value of a country's export goods exceeds the value of its  imports of goods.On the other hands the balance of trade is the difference between total value of visible imported goods and total value of visible exported exported goods of a country for particular period(generally one year).   The Balance of payment The balance of payment is defined as a systematic record of all economic Read more [...]

What is UCPDC 600?

Posted on November 20, 2014
 What is UCPDC 600? UCPDC 600 is the latest version of the rules that govern letters of credit transactions worldwide.  UCPDC 600 is prepared by International Chamber of Commerce’s (ICC) Commission on Banking Technique and Practice. Its full name is 2007 Revision of Uniform Customs and Practice for Documentary Credits, UCP 600, and (ICC Publication No. 600). The ICC Commission on Banking Technique and Practice approved UCP 600 on 25 October 2006.  The rules have been effective since 1 July Read more [...]

Short Question UCPDC 600

Posted on November 20, 2014
Short Question UCPDC 600   Question:01 What is UCPDC ? Ans:Uniform Customs and Practice for Documentary Credits   Question:02 How many Articles in UCPDC 600 ? Ans: 39 Articles   Question:03 What is the title of  Article 01  UCPDC 600 ? Ans:Application of UCP   Question:04 What is the title of  Article 02  UCPDC 600 ? Ans: Definitions   Question:05 What is the title of  Article 03  UCPDC 600 ? Ans:Interpretitions   Question:06 What Read more [...]

Bank list of India

Posted on November 15, 2014
Bank list of India Commercial Banks     Abu Dhabi Commercial Bank Ltd.     American Express Bank Ltd.     Arab Bangladesh Bank Limited     Allahabad Bank     Andhra Bank     Axis Bank     Antwerp Diamond Bank N.V.     Bank Internasional Indonesia     Bank of America N.A.     Bank of Bahrain & Kuwait BSC     Barclays Bank Plc     BNP PARIBAS     Bank of Ceylon     Bank of Baroda     Bank of India     Bank of Maharashtra    Read more [...]

Bank Jobs in TMB India

Posted on November 15, 2014
Bank Jobs in TMB India Bank Jobs in Tamilnad Mercantile Bank,India Applications for recruitment to the post of : Statistician-Senior Manager at TMB Short description of Organization : Tamilnad Mercantile Bank has invited applications for recruitment to the post of Statistician-Assistant Manager. The candidates eligible for the post can apply through prescribed format before 22 November 2014. Number of Post: Statistician-Senior Manager at TMB-01 Post Pay Scale: Rs. 6,24,355/-p.a. Read more [...]

Repco Bank Jobs in India

Posted on November 15, 2014
Repco Bank Jobs in India Applications for recruitment to the post of : Probationary Officer & Junior Assistant/Clerk. Short description of Organization : Repco Bank, Government of India invited application for recruitment of 115 Posts of Probationary Officer & Junior Assistant/Clerk. The candidates eligible for the post can apply through prescribed format before 27 November 2014. Number of Post: Probationary Officer: 15 Posts Junior Assistant/Clerk: 100 Posts The candidates Read more [...]

Bank Jobs in India

Posted on November 15, 2014
Bank Jobs in India   Name of the Bank: Saraswat Co-Op Bank Limited Applications for recruitment to the post of : Law Officers for Mumbai, Pune, Nasik, Kolhapur, Ahmedabad, Bengaluru, Goa and Delhi. The candidates eligible for the post can apply through prescribed format with in 15 days from the date of publication of advertisement. Short description of Organization : Saraswat Bank is an urban co-operative banking institution based in Maharashtra, India and operating as a co-operative Read more [...]

Risks in International Business

Posted on November 9, 2014
Risks in International Business Just as there are reasons to get into global markets, and benefits from global markets, there are also risks involved in locating companies in certain countries. Some of the risks in international business are: (1) Strategic Risk (2) Operational Risk (3) Political Risk (4) Country Risk (5) Technological Risk (6) Environmental Risk (7) Economic Risk (8) Financial Risk (9) Terrorism Risk Strategic Risk: The ability of a firm to make a strategic decision Read more [...]

Analysis of Investment Documentation: Shariah Perspective

Posted on October 30, 2014
Analysis of Investment Documentation: Shariah Perspective 1.00    Charge Documents: The following charge documents and mortgage documents are usually obtained from the investment clients by the Islamic Banks in Bangladesh. 1.01    Single Party D.P. Note 1.02    Double Party D.P. Note, if there is a Guarantor, to be made by the Client in favour of the Guarantor and endorsed by the latter in favour of the Bank. 1.03    Joint and Several D.P. Note signed by all the Directors in Read more [...]

Hire Purchase Musharaka Mutanaqasa (HPMM)

Posted on October 30, 2014
Hire Purchase Musharaka Mutanaqasa (HPMM)   Hire Purchase Musharaka Mutanaqasa (HPMM) Introduction, Theory and Application Mode of Investment in Islamic Banking Markup Based Bai Muazzal Bai Murabaha Bai Salam Bai Istisna Rental Based Izara Hire Purchase/Izara Bill Baia Hire Purchase Musharaka Mutanaqasa (HPMM) Hire Purchase Shirkatul Melk (HPSM) Sharing Based Mudaraba Musharaka Rental Based Finance Ijara Bil Baia/ Hire Purchase Ijara Muntahia Bittamlik Hire Read more [...]

Green Banking relates with the Islamic Banking?

Posted on October 29, 2014
Green Banking relates with the Islamic Banking? Before going to discussion on the topic we shall have to know the definition/explanation of Green Banking and Banking under Islamic Shariah. Islami Bank is an institution which will not pay or receive any interest in any form and conducted its all activities in accordance with the Principles of Islamic Shariah. Sources of Islamic laws are, Quran, Hadith, Isma & Keyas, in a word all are to prevent all types of exploitation and to establish Read more [...]

Islamic banking and Commercial Banking

Posted on October 24, 2014
Islamic banking and Commercial Banking Discussion of Islamic banking and Commercial Banking 1.0               Islamic Banking: Banking run on Islamic Principle. The Organization of Islamic Conference (OIC) defined an Islamic Bank as “a financial institution whose statutes, rules and procedures expressly state its commitment to the principles of Islamic Shariah and to the banning of the receipt and payment of interest on any of its operations.” 2.0               Read more [...]

Characteristic of Islamic Finance

Posted on October 12, 2014
Characteristic of Islamic Finance   What is the relevant characteristic of Islamic Finance? The most relevant characteristic of Islamic finance can be optimized in the following four basic principles: To avoid sinful activities To share the risk No exploitation Productive and Materiality purpose  To avoid sinful activities Islamic finance is about prohibition of receiving funds and/or channeling these funds in a sinful way as clearly outlined by the Shari’ah law. Hence, Read more [...]

How to improve your business credit score to secure finance

Posted on October 6, 2014
How to improve your business credit score to secure finance You’ve possibly had your own credit have an effect on your ability to urge credit—whether it helped or hindered—but have you ever spent a lot of time considering your business credit score? you would possibly apprehend some principles for obtaining and keeping your personal credit score up and there square measure some principles which will even be of backing your business. Businesses’ credit scores play a key role in securing Read more [...]

What you Know about Western Union

Posted on September 29, 2014
What you Know about Western Union     Western Union money transfer Company Company Type:  Public Company Industry:      Financial services provider Founded: On 1851 Founders: Ezra Cornell Headquarters: Meridian, Colorado, United States Key people: Jack M. Greenberg (Chairman) Hikmet Ersek (President and CEO) Services: 1) Wire transfers 2) Money orders Revenue      Decrease US$ 5,542.0 million (2013) Increase US$ 5,664.8 million (2012) Operating income Read more [...]