Uganda
Rail way system
vs nation high ways
manufacturing
clothes manufacturing
house slabs
metal sheets
baobab tree
32000 gallons of tree store
----
love is about appreciation, not about possession
------
http://her.yourstory.com/bandhan-bank-profit-0517
Bandhan Bank
started:2001
capital: 2 lakh
specialization: bank for woman
empowering woman
small business
woman problem
ill treated by husband
health problems
illiterate
no knowledge of banking
exploited by private money lenders
place: Kolkatta
target: West Bengal Villages
owner(founder, md, ceo): Chandra Sekhar Gosh
age: 55
family: poor when child
birth: RamChandrapura village, Great Tripura
college earning
gave tuttions
joined
BRAC
international development non profit working for woman empowerment
in small villages
in Bangladesh
worked for 10 years
joined village welfare society
in 1998
non profit
awareness
about rights
travelled extensively in villlages
investor
brother in law
1.65 lakhs
private lender
35k
year:2001
employees
starting 3
started
micro finance
Bandhan
meaning togetherness
mission to connect society
milestone:
year: 2002
Small industries bank of india(SIDBI)
load of 20 lakhs
newbranch: Bagnan
40 km from kolkatta
15 lakh to 1,120 women
2009
register company
as Non Banking Finance Company
with RBI
2014
Bank license
impact:
79 lakh womean
initial operation
hoogly district
villages
purpose
loan for small business
education
father:
run sweet shop
struggle
to feed family
children education
started: 2015, August
net profit: March 2016, 275 crore
total desposit: 12,000 crore
total advance: 12,400 crore
http://www.theweekendleader.com/Success/2428/poor%E2%80%99s-banker.html
--------
islamic bank
non banking finance company
difference between non banking finance company (NBFC) vs bank
NBFC
--------
some sections of society
inaccessible
remote
bank facility to illiterate , poor
work on similar lines as banks
register : Comapanies act 1956
functions
similar to bank
give loans
collect money
saving money
mainly
business loan
advances
acquisition of shares
debentures
stocks
bonds
securities
indulges
hire purchase
leasing
insurance
chit business
can not do
can not issuec checks drawn on itself
can not issue demand drafts
can not collect deposits
can not indulge in agriculture, industrial activity
can not indulge in immovable property construction
can not accept demand deposits
-----
hire purchase
installment buying, while using it
business advance
sum paid or received before fullfilment of obligation ex: supply of good or services
debenture
long term security
yielding fixed rate of interest
issued by company
secured against assets
----
islamic banking in india
what is islamic banking means
http://www.allbankingsolutions.com/Press-Release-Views/Islamic-Banking.htm
----
islamic bank
follows principles of islamic finance
started in kerala
principles of sharia
no interest based
no interest given to depositer
no interest charged from borrower
no support to economic acitivites
involving oppression
invovving speculation
ex: investment of stock, property with the hope of gain but with risk of loss
introduction of islamix tax, zakat
no financing for the production of goods and services which contradict the islamic value
How islamic bank will generate revenue in the absence of interest receive?
Who will pay for the salaries of the staff
bank rent
kar seva by siksh
will guarantee for depositor
rules and regulations of commercial banks CRR, SLR, Base III norms apply
parallel banking
religious based banking
hindus
christian
-------
How islamic bank earn profit?
no interest
but profit and loss
similar to direct investment mutual fund
rate of interest is not fixed
some elements of risk
rental
bank purchase an asset
rent to client
end up in purchase
similarly in lease agreement
rentual with eventual ownership(Ijaarah Muntahiya bittamleek)
bank rent an asset eg: house
to client
over time, the client pays the bank
more than pure rent price for the asset
this excess is used to increase the share of ownership of asset
by end of the term, the client ownw 100% the asset
------
https://www.quora.com/How-do-Islamic-banks-make-money-if-they-cant-charge-interest-because-of-sharia
-----
http://www.allbankingsolutions.com/Press-Release-Views/Islamic-Banking.htm
------
how car loans works with islamic bank?
Car price : 10,000 $
bank buys at the same price, but sells at 15,000$
gives to you
you can accept or refuse
-------
divides 60 installments (5 years), 250$
during the tenure
every month
you have to pay installment (compulsary)
delay a payment(you have to pay it)
Take more money on the same loan(refinance), you can take new loan
Pay partially
During the loan the bank can
force you to pay a payment
-------
if you pay an islamic loan before its completion
bank will pay u "early payment reward"
which would reduce their profit
------
Advantage
loan for 15,000 with no interest payments
you know the eact date when it will finish
--------
normal bank can increase interest any time.
-------
islamic bank make money
net profit
transaction fee
admin fee
------
higher risk in sharia compliant transaction
cost of capital is higher
------
closer to merchant banking
where bank engages in financing goods rather than money
ex: owning goods, sharing goods, shipping etc
required perfect documentation
ownerhip
monitoring
highly lucrative but high risk
-----
islamic bank busy asset (car, truck, house) client desires,
then sell the asset at market up price to the clietn
the client then pays off the balance in installments
there by creating synthetic form of interest
------
islamic bank
earn profit, rental
risk: loss, asset depreciation
Rail way system
vs nation high ways
manufacturing
clothes manufacturing
house slabs
metal sheets
baobab tree
32000 gallons of tree store
----
love is about appreciation, not about possession
------
http://her.yourstory.com/bandhan-bank-profit-0517
Bandhan Bank
started:2001
capital: 2 lakh
specialization: bank for woman
empowering woman
small business
woman problem
ill treated by husband
health problems
illiterate
no knowledge of banking
exploited by private money lenders
place: Kolkatta
target: West Bengal Villages
owner(founder, md, ceo): Chandra Sekhar Gosh
age: 55
family: poor when child
birth: RamChandrapura village, Great Tripura
college earning
gave tuttions
joined
BRAC
international development non profit working for woman empowerment
in small villages
in Bangladesh
worked for 10 years
joined village welfare society
in 1998
non profit
awareness
about rights
travelled extensively in villlages
investor
brother in law
1.65 lakhs
private lender
35k
year:2001
employees
starting 3
started
micro finance
Bandhan
meaning togetherness
mission to connect society
milestone:
year: 2002
Small industries bank of india(SIDBI)
load of 20 lakhs
newbranch: Bagnan
40 km from kolkatta
15 lakh to 1,120 women
2009
register company
as Non Banking Finance Company
with RBI
2014
Bank license
impact:
79 lakh womean
initial operation
hoogly district
villages
purpose
loan for small business
education
father:
run sweet shop
struggle
to feed family
children education
started: 2015, August
net profit: March 2016, 275 crore
total desposit: 12,000 crore
total advance: 12,400 crore
http://www.theweekendleader.com/Success/2428/poor%E2%80%99s-banker.html
--------
islamic bank
non banking finance company
difference between non banking finance company (NBFC) vs bank
NBFC
--------
some sections of society
inaccessible
remote
bank facility to illiterate , poor
work on similar lines as banks
register : Comapanies act 1956
functions
similar to bank
give loans
collect money
saving money
mainly
business loan
advances
acquisition of shares
debentures
stocks
bonds
securities
indulges
hire purchase
leasing
insurance
chit business
can not do
can not issuec checks drawn on itself
can not issue demand drafts
can not collect deposits
can not indulge in agriculture, industrial activity
can not indulge in immovable property construction
can not accept demand deposits
-----
hire purchase
installment buying, while using it
business advance
sum paid or received before fullfilment of obligation ex: supply of good or services
debenture
long term security
yielding fixed rate of interest
issued by company
secured against assets
----
islamic banking in india
what is islamic banking means
http://www.allbankingsolutions.com/Press-Release-Views/Islamic-Banking.htm
----
islamic bank
follows principles of islamic finance
started in kerala
principles of sharia
no interest based
no interest given to depositer
no interest charged from borrower
no support to economic acitivites
involving oppression
invovving speculation
ex: investment of stock, property with the hope of gain but with risk of loss
introduction of islamix tax, zakat
no financing for the production of goods and services which contradict the islamic value
How islamic bank will generate revenue in the absence of interest receive?
Who will pay for the salaries of the staff
bank rent
kar seva by siksh
will guarantee for depositor
rules and regulations of commercial banks CRR, SLR, Base III norms apply
parallel banking
religious based banking
hindus
christian
-------
How islamic bank earn profit?
no interest
but profit and loss
similar to direct investment mutual fund
rate of interest is not fixed
some elements of risk
rental
bank purchase an asset
rent to client
end up in purchase
similarly in lease agreement
rentual with eventual ownership(Ijaarah Muntahiya bittamleek)
bank rent an asset eg: house
to client
over time, the client pays the bank
more than pure rent price for the asset
this excess is used to increase the share of ownership of asset
by end of the term, the client ownw 100% the asset
------
https://www.quora.com/How-do-Islamic-banks-make-money-if-they-cant-charge-interest-because-of-sharia
-----
http://www.allbankingsolutions.com/Press-Release-Views/Islamic-Banking.htm
------
how car loans works with islamic bank?
Car price : 10,000 $
bank buys at the same price, but sells at 15,000$
gives to you
you can accept or refuse
-------
divides 60 installments (5 years), 250$
during the tenure
every month
you have to pay installment (compulsary)
delay a payment(you have to pay it)
Take more money on the same loan(refinance), you can take new loan
Pay partially
During the loan the bank can
force you to pay a payment
-------
if you pay an islamic loan before its completion
bank will pay u "early payment reward"
which would reduce their profit
------
Advantage
loan for 15,000 with no interest payments
you know the eact date when it will finish
--------
normal bank can increase interest any time.
-------
islamic bank make money
net profit
transaction fee
admin fee
------
higher risk in sharia compliant transaction
cost of capital is higher
------
closer to merchant banking
where bank engages in financing goods rather than money
ex: owning goods, sharing goods, shipping etc
required perfect documentation
ownerhip
monitoring
highly lucrative but high risk
-----
islamic bank busy asset (car, truck, house) client desires,
then sell the asset at market up price to the clietn
the client then pays off the balance in installments
there by creating synthetic form of interest
------
islamic bank
earn profit, rental
risk: loss, asset depreciation
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