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Candidate 23 Q1. Who appoints the Banking Mohtasib? Discuss the characteristics, jurisdiction and the tenure of holding office of the Banking Mohtasib. (10 Marks) APPOINTMENT OF THE THE BANKING MOHTASIB: The Banking Mohtasib is appointed by the president of Pakistan with consultations of the state bank of Pakistan. TENURE The banking Mohtasib is appointed for a tenure of three years. CHARACTERISTICS The Banking Mohtasib's main task is to see that the banking sector is not impeding to…

execution Story :Jan Dhan Yojana the biggest financial inclusion drive. The Purpose Jan Dhan Yojana - the prime minister's biggest project to ensure financial inclusion of households in India was started with an idea to provide 'Universal access to banking facilities'. The Problem Pradhan Mantri has given a target of 7.5 crore bank accounts to be opened by banks. Raghuram Rajan, the governor of Reserve Bank of India identifies the challenges and cautions banks in which he regulates to be…

Bahrain based Islamic retail bank that is licensed and regulated by the Central Bank of Bahrain and provides retail, commercial, treasury and financial institutions and other banking services. Ithmaar bank provides a diverse range of Sharia-compliant products and services that cater to the financing and investment needs of individuals and institutions.  In 2003, Shamil Bank purchased all the assets and liabilities of FIBEC. Shamil Bank then sold the entire share capital of FIBEC to DMI and…

MIDTERM #2 Question #1 It was the investment bankers of Wall Street who were the original, principal innovators of the symbolic framing of Corporate America in the 1980s. The capitalist realized that it was something wrong with the Corporate America, due to the exogenous system shock in the 80s. The investments bankers symbolically framed the managers because they were “betraying” the owners by using the conglomerate strategy. This strategy has been used since the 1960s to avoid a potential…

Waqf in Arabic, is hold confinement or prohibition. In North and West Africa Waqf is called awqaf. The word Waqf is used in the Islamic law in the meaning of holding certain property and preserving it for the cantoned benefit of certain philanth and prohibiting any use or disposition of it outside it is specific objective. Whose benefit and usufruct can be extracted without consuming the property itself, Therefore, Waqf itself relates to land and building, there are awqaf of…

“Ni Hao. Congratulations” wished the first guest of the evening, Mr. Lim, 47, a conservative looking, confident Country head, Indonesia for the OCDC Bank, Singapore, in his deep dark suites and tortoise-shelled glasses. He had a smiling resplendent face and greeted Mr. Chandra extending his warm hand before throwing the black leather bag on the couch. He was wearing a Ralph Lauren handcrafted silk tie and a cocky attitude under his sleeves. The confidence and vanity, an investment banker carried…

Table of contents 1. Introduction 2. General information 3. History 4. Morphology 5. Active constituents 6. Therapeutic uses 7. Toxicity 8. Safety aspects 9. Side effects 10. Contraindication Introduction Early modern voyagers to America, including the Central America, parts of Peru, and Chile, found so many forms of peppers, amongst of them were the very hot ones. In Spain, the very hot peppers are usually called ‘chili’, the meaning is gotten from the country Chile, and in India they are…

INTRODUCTION This report identifies the roles of three types of banking found in the financial sector. These are: Islamic banking, Conventional banking and Investment banking. 1.1 Objectives 1) Demonstrate an understanding of the role(s) played by different organisations within the Financial Services Sector 2) Demonstrate, in report format, an understanding of the ethical conflicts which face firms in the Financial Services Sector 3) Demonstrate and evaluate problems caused by differing…

The Islamic Solution (Qardh-Ul-Hassan) Qard-ul-hassan (QH) is a voluntary loan without the lenders expectation of any payback principal. Furthermore, at the same time as, the nonpayer an obligation to return the principal, the lender is urged, according to a number of the sayings of the Prophet (pbuh), not to press the debtor if he/she is unable to repay at the specified deadline. For example, verses (2:245, 5:12, 11:57 18:57, 17:64 and 20:73) in the Quran explain in detail about those issues.…

risk anyway. And of course top management and Auditors questioning where the origin of the spider. Lack of knowledge about the trading Barings business is indeed justified in considering the most senior Barings managers have a background of merchant banking. The members of the Assetand Liability Committee (ALCO), which monitors market risk, stated it's a matter of quantity of positions taken Leeson, but later felt comfortable with the thought that eksposure Barings over market risk is relatively…