“Commercial banks are the major source to provide banking services to individuals, small businesses and large organizations.” Commercial banks act as intermediaries between those who want to transfer money and those who want to receive money. There are numerous other functions of commercial banks such as financial advisors, provide safety of valuable assets, performing agency [...]
A bank is a place where they lend you an shadow in fair weather and ask for it back when it begins to rain.
Robert Frost
Banking sector is always a very important sector for every economy. Same is the case with Pakistan. Banks perform various duties which are dissimilar in nature. The primary and most important [...]
Before going into detail I want to give you a brief introduction about Islamic Finance, Islamic Banking and Islamic financial System. So first of all, what we think about the Islamic finance? Basically Islamic finance is also a mode of finance but in Islamic finance the financial transactions based according to the Islam and Shariah.
Second, [...]
Technological breakthrough has enormous impact on the development of all industries in Pakistan. Now a day’s use of internet for commercial transactions is evident as it is the most recent channel of distribution used by organizations. Banking sector is no exception. Although the use of internet for providing banking services is popular among develop countries [...]
Pakistan is standing as the second largest Islamic nation in the world where Islam is the predominant religion, the population of second largest Islamic nation is over 180 million people and it is growing rapidly but on the other hand the banking sector has only been able to grab only 20 million customers. Couple of [...]
In the real world every economy is producing goods and services. Some are producing at cheaper costs and some are producing at more efficient, that is why they are selling their goods and services abroad. This is the main motive of the trade in the world. Like many countries Pakistan is also importing and exporting [...]
Some people who believe in prohibition of interest criticize Islamic Banking on charging time value of money through pricing, while some other are of the view that avoiding interest means negation time value of money, they argue that either Islamic Banks charge higher credit prices than the spot prices of the goods are not Islamic [...]
Conflict is basically a clash between two parties. Conflicts are natural and occur in anywhere. Conflict of interest: that occurs when the Financial Institution and person have multiple interests and in result have conflicts between them or when two persons are moving towards different directions. It is a like of moral hazards problem.
It occurs when [...]
Financial services are the economic services provided by the finance industry, which encompasses a broad range of organizations that manage money, including credit unions, banks, credit card companies, insurance companies, consumer finance companies, stock brokerages, investment funds and some government sponsored enterprises The term “financial services” became more prevalent in the Pakistan partly as a [...]
The term financial crisis describes the different situations in which some financial institutions or assets suddenly loose the lager part of the value. During 19th and 20th century there were many financial crisis which were due to the crisis in the banking sector. The result of the financial crisis is directly related to the decrease [...]
