Personal, Online and Mobile Banking – Citibank UAE · Created Date: 20150329124536Z
All about uae banking
Transcript of All about uae banking
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
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 aren’t 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 i. For Small and Medium Enterprisesii. For Large Enterprises iii.Personal Banking iv.Online Banking v. Mobile Banking vi.Debit Card vii.Credit Card viii.Term Deposits ix. Money transfer x. 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 BEYOND… Bayzat is the Fast and
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