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As per Islamic laws giving and receiving interest is considered Haram or Unlawful. So, Islamic banking practices were started to provide banking services to customers following the Islamic faith so that they can take up banking without offending their religious sentiments.
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Is investment banking part of the Core banking systems?
No. Investment banking doesn't have to be part of core banking and/or minimal banking services. Investment banking is essentially a very different type of banking, it is not the same as retail, commercial or trade banking (which would constitute as core banking).
What is postal banking?
postal banking is the sysem of banking faster system to develop to the banking process.
What is the meaning of Banking and non banking institutions?
A banking institution is required to have a full banking license and is supervised by a banking regulatory agency. Non-banking is a financial institution that does not have these requirements.
What is net banking and core banking?
Core banking refers to banking services provided by a network of branches. Internet banking is the ability to complete banking transactions from your home using your computer.
What is the difference between corporate banking and wholesale banking?
There is no didderence as such! Corporate Banking fall under wholesale banking.
How does international banking differ from domestic banking?
There is a difference between international banking and domestic banking. International banking is banking among different countries. Domestic banking is banking among one country.
Difference between chain banking group banking?
Difference between chain banking group banking?
Is investment banking part of the Core banking systems?
No. Investment banking doesn't have to be part of core banking and/or minimal banking services. Investment banking is essentially a very different type of banking, it is not the same as retail, commercial or trade banking (which would constitute as core banking).
What is postal banking?
postal banking is the sysem of banking faster system to develop to the banking process.
What is the meaning of Banking and non banking institutions?
A banking institution is required to have a full banking license and is supervised by a banking regulatory agency. Non-banking is a financial institution that does not have these requirements.
What is mobile banking and internet banking?
Mobile banking is when you do banking from a mobile device such as a cellphone, iPod, or iPad. Internet banking is when you bank from a computer.
What is net banking and core banking?
Core banking refers to banking services provided by a network of branches. Internet banking is the ability to complete banking transactions from your home using your computer.
Is consumer banking same as retail banking?
Yes, consumer banking is basically the same as retail banking.
What is consumer banking?
consumer banking is same like retail banking.
What is the difference between corporate banking and wholesale banking?
There is no didderence as such! Corporate Banking fall under wholesale banking.
Business permited for a banking company The banking regulation act?
The banking regulation act is the business permit for a banking company.
What is full form of E-Banking?
E-banking is an abbreviation for electronic banking.
