Posts Tagged ‘financial institutions’

On The Soundness Of Our Banks

Banks are institutions where miracles happen regularly. We rarely entrust our money to anyone but ourselves – and our banks. Despite a very turbulent history of mismanagement, corruption, false promises and representations, delusions and incoherent behavior – banks still succeed to motivate us for our money. This is partly the feeling that there is safety in numbers. Fashion is now the term “moral hazard.” The implied warranties of State and other financial institutions that give rise to risks that would otherwise have avoided taking the units. This is part of the sophistication of the banks in marketing and promoting themselves and their products. glossy brochures are professional computer and video presentations and extensive facilities, residential sanctuary, mainly to improve the image of banks as the temples of the new religion of money. But what is behind all this? How can we judge the soundness of our banks? In other words, how can we know if our money safe in a shelter? Read the rest of this entry »

Al Baraka and Dar pave the advice to enter the Islamic leasing companies

Governing the Albaraka Banking Group and Dar Al-advice consultancy event is the first of its kind in Syria to a conference under the title: (companies leasing the Islamic fundamentals and applications) at the Cham Palace in Damascus, 22 ongoing, which will be under the auspices of Minister of Economy and Trade Lamia Mari Asi, and in conjunction with the issuance of the decree Alchraei No. 88 of 2010 Judge licensing for the establishment of leasing companies and the launch of this service. The Bank of pond Syria in a statement received economic version of it: It is the basis of belief in the importance of financial leasing and hire-purchase agreement and its effective role in the Syrian market, on the basis of the social responsibility of the bank towards the Syrian market as well as the orientations of Al Baraka Banking Group in the same context, factors accounted for the need to regulate Forum is meeting in which decision-makers and the cosponsors of the organization of work in the Syrian financial institutions with Islamic scholars, and leaders of companies and leading financial institutions in Syria. Read the rest of this entry »

Easy credit: Pros and Cons

We have talked repeatedly about fast loans and easy credit. Basically they are small loans (not be confused with microcredit social function) whose value ranges between 600 and 6000 euros, the repayment period is a maximum of 5 years, usually much less, between one or two years and whose name ” Fast Credit comes from the speed with which money is given to the customer. In theory dreamy-sounding claims, however, we will look at more closely. And, while offering some advantages in times of low liquidity, also have significant drawbacks.

Advantages

1. No further requirements to become a loan fast. The applicant to request a copy of your ID, your final paycheck, your account number to transfer the amount financed and sometimes request a direct debit with a bank.
2. Delivered quickly. The client should not wait long to receive the amount, after signing the contract usually receive the amount within 3 days of signing it later.
3. No need to explain. Unlike consumer credit (associated with a consumer product) and personal loans, finance companies offering such credits do not need to explain to their customers when delivering the money. Read the rest of this entry »

Student Bank Accounts

Most college financial transactions are processed through student accounts. Banks are generally willing to offer students a special account called a student’s bank account. Student savings account is intended exclusively for college students forever. A student checking account is for all full-time students at least 18 years. Especially for students, student bank accounts are often used to manage billing and payment of tuition fees, living on campus and other campus charges. If you are new to the elderly and offered. Most scholarships are paid directly into bank accounts of students. Read the rest of this entry »