Scribd
Upload
98 views1 page

Commercial (Conventional) : Bank Overview

There are several types of banks operating in Bangladesh: - Commercial (conventional) banks, which seek to maximize profits through lending and charging interest. - Islamic (commercial) banks, which follow Sharia law and avoid interest in all dealings and transactions. - Specialized banks, which were established for specific objectives like agricultural or industrial development and are mostly government-owned. - Foreign commercial banks, of which there are nine operating as branches of foreign-incorporated banks. - Non-scheduled banks, of which there are currently four operating in Bangladesh.

Uploaded by

Shaheen Mahmud
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
98 views1 page

Commercial (Conventional) : Bank Overview

There are several types of banks operating in Bangladesh: - Commercial (conventional) banks, which seek to maximize profits through lending and charging interest. - Islamic (commercial) banks, which follow Sharia law and avoid interest in all dealings and transactions. - Specialized banks, which were established for specific objectives like agricultural or industrial development and are mostly government-owned. - Foreign commercial banks, of which there are nine operating as branches of foreign-incorporated banks. - Non-scheduled banks, of which there are currently four operating in Bangladesh.

Uploaded by

Shaheen Mahmud
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
You are on page 1/ 1

Bank Overview All Banks in Bangladesh Commercial (Conventional) ( 26 Articles ) The bank which deals with money and

d moneys worth with a view to maximizing profit witho t any restriction nder the Bank !aw" #ere$ %nterest is considered to be the price of credit$ reflecting the opport nity cost of money" !ending money and getting it back with compo nding interest is the f ndamental f nction of the conventional banks" Commercial (%slami) ( 6 Articles ) Islamic Banking is based on &hariah fo ndation" Th s$ all dealing$ transaction$ b siness approach$ prod ct feat re$ investment foc s$ responsibility are derived from the &hariah law" The original meaning of the Arabic word &hariah is 'the way to the so rce of life and is now sed to refer to legal system in keeping with the code of behaviors called for by the #olly ( ran ()oran)" &pecialized Bank ( 3 Articles ) &pecialized Banks (&*Bs)+ , specialized banks are now operating which were established for specific ob-ectives like agric lt ral or ind strial development" These banks are also f lly or ma-orly owned by the .overnment of Bangladesh" /oreign Bank ( 2 Articles ) /oreign Commercial Banks (/CBs)+ There are 0(nine) /CBs are operating in Bangladesh as the branches of the banks which are incorporated in abroad" non1sched led bank ( 3 Articles ) There are now 4 non-scheduled banks in Bangladesh which are+ o Ansar 2*3 4nnayan Bank$ o )armashangosthan Bank$ o 3robashi )ollyan Bank$ o 5 bilee Bank

You might also like