Banking Training Materials

  ISLAMIC BANKING MODES & TERMINOLOGY   Al-wadeah : Al-wadeah Current Account on the principles of Al-wadeah. The Bank commits to refund money deposited in these Accounts on the demand of customers. On the other hand the Bank takes permission from customers that the Bank may utilize their money. Customers may operate these Accounts as their desires. No profit is disbursed in these Accounts and depositors do not bear any loss. Al-Wadeeah (BB) :   Fund which is deposited with Banks by the depositors with clear permission to utilize /invest the same is called Al-Wadeeah. Islamic banks receive deposits in Current Accounts on the basis of this Al-Wadeeah Principle. Islamic banks obtain permission from the Al-Wadeeah depositors to utilise the Funds at its own responsibility and the depositors would not share any profit or loss earned/incurred out of using of this funds by the bank. The banks have to pay back the deposits received on the principle of Al-Wadeeah on dema...

  Paying Banker : Duties and Rights of Paying Banker Paying Banker What is a Paying Banker ? As we already know that a bank is known to hold the money that it receives from its customer. But, the work of the bank isn’t just limited to it. There are many other functions of the bank. These banks are also responsible for paying at the place of its customer. Now, you might think why will the bank pay for its customer? The bank will pay for its customer when the customer will write a cheque and submit it to the bank.   The money that the bank pays is withdrawn from the customer’s account in the bank. The cheque is like an order which instructs the bank to pay the amount written on the cheque. Now, the paying banker is the person who receives this cheque in the bank. He or she has to check whether the check is valid or not. They will verify signatures, dates, amounts etc and then took any further steps. They may also cancel the check if the amount written on the cheque i...

  MCQ ON MORAL AND ETHICS Source : https://bankingtrainingmaterials.blogspot.com   1. It is important to have a good ____________ to be successful in your career. (a) Appearance        (b) Attendance            (c)    Attitude       (d) Respect Answer: (c) Attitude   2. It is important to be at work………………………………. every day and on time unless you are sick or have a family emergency. (a) Appearance        (b) Attendance           (c)    Attitude        (d) Respect Answer: (b) Attendance   3. Strong …………………………………….. means you have a high sense of moral and ethical behavior that earns respect of others. (a) Cooperation             (b) Confidence     ...