Islamic Banking
Islamic banking refers to a system of banking which is consistent with Islamic law (Sharia’a) principles and guided by Islamic economics. In particular, Islamic law forbids usury (also called riba ), the collection and payment of interest. Generally, Islamic law also prohibits trading in financial risk (which is seen as a form of gambling). In […]
Mobile Banking
Mobile Financial Services that are offered as a part of Mobile Commerce can be divided into two Categories: Mobile Payment and Mobile Banking. Mobile Banking refers to “provision and availment of banking and financial services with the help of mobile Telecommunication devices. The scope of offered services may include facilities to conduct bank and stock […]
Mortgage Bank
A Mortgage bank specializes in originating and/or servicing mortgage loans. A mortgage bank is a state-licensed banking body that makes mortgage loans directly to customers. Generally, a mortgage bank uses funds from the secondary mortgage market such as Fannie Mae, Freddie Mac, or other large mortgage servicing companies. They require secondary market funds because a […]
Online Banking
Online banking (or Internet banking ) is an expression used for performing transactions, payments etc. over the internet through a bank, credit union or building society’s secure website. This allows clients to do their banking outside of bank hours and from anywhere where Internet access is available. In most cases a web browser such as […]
