Tag Archives: Islamic banking

Bank and Customer relationship | Rights and duties of Bank and Customer

Bank and Customer relationship Here are the Bank and customer relationship. How Bank customer relationship management is performed. Bank The bank is defined as “Accepting for the purpose of lending or investment of deposit, of money from the customers and repayable to customers on-demand or otherwise and withdraws money by checks, drafts order or otherwise.… Read More »

What is Islamic Banking? Basic Terms and Concepts, Functions and Rules

What is Islamic Banking? Islamic Banking is based on the Islamic principles of trade and finance. It endorses on interest-free debt and denies effortless profit as it is regarded as Premium or interest and curse in Islam.Islamic banking in USA. Following are some basic concepts of Islamic Banking system; Murabaha:     The Murabaha is the buying… Read More »