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All About UAE Banking PPT
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ALL ABOUT UAE BANKING
WHAT IS BANKING? Usually involves accepting deposits and lending out money There is interest accrued to deposits and interest charged on loans Conventional banking technique, with basic tenet being profit making
HOW BANKING WORKS IN UAEUAEs banking is easy and fastUAEs banking system revolves around Islamic banking It follows the principles of Islamic law, also called Sharia
WHAT IS ISLAMIC BANKING?Islamic banking revolves around the two basic principles of Islamic law: Sharing profit and loss Prohibition from collecting interest from borrowers or paying interest to account holders Financial transactions and investments are based on tenets of Islamic law: Prohibition from investing in non-Islamic behaviours which include but arent restricted to matters of gambling, alcohol, pork etc.
WHAT ARE THE BENEFITS OF ISLAMIC BANKING?Based on social responsibility Based on sustainable environmental development Borrower not forced to shell out large sums in interest Account holder places money in bank as an interest free loan to bank Extrapolating from prohibition of un-Islamic acts, ecologically detrimental projects are also prohibited Humans considered trustees of nature, and must safeguard it lack of environmental exploitation Excess is discouraged lack of economic exploitation Emphasis on society as a whole, rather than the individual
FACILITIES PROVIDED IN ISLAMIC BANKING:Business Banking For Small and Medium EnterprisesFor Large Enterprises Personal Banking Online Banking Mobile Banking Debit Card Credit Card Term Deposits Money transfer Investment services and products
UAE BANKING SYSTEM EXPOSURE
UAE BANKING TREND
WHAT ISLAMIC BANKING PRODUCTS DO YOU HAVE?
IMPORTANCE OF ISLAMIC BANK WHEN CHOOSING A BANK BY INCOME LEVEL
WHY USE BAYZAT.COM FOR BANKING AND BEYONDBayzat is the Fast and Easy way to find Banking and Insurance products.Get accurate information on everything to do with banking, including Islamic banking. Personalize your search, find your products and apply today
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