(From my book:Banking & Corporate Business Laws) The relationship between a bank and his client is, normally, looked at as a special relation due to the trustworthiness and confidence supporting and surrounding this relation all through. The customer comes to the bank with full trust that all his dealings, banking
The banking sector, no doubt, plays an important active role in the national economy of each country. This prime role is particularly envisaged and clearly shown in financing and supporting most of the financial and development projects. There are other ways and means to support the national economy of the
(From my book: Banking & Corporate Business Laws) Leasing business, as a new banking instrument, has grown vastly to be an outstanding excellent delivery mechanism for all types of businesses and institutions including many government entities. In most countries there is, usually, a law or regulation governing and defining leasing
Islamic finance, particularly Islamic banking, is growing very fast all over the globe. It is clearly evident nowadays to notice the persistent and overwhelming steady move of Islamic banking products, which are needed and welcomed to complement the national economy of many countries. The spread of Islamic banking is reaching
From my book: Banking & Corporate Business Laws In 2010 the American Government issued The Foreign Account Tax Compliance Act (FATCA), in pursuance to many attempts to support the collection of the required tax from all Americans as citizens and or corporate entities. This step of course is needed, among
Last article, we gave a general info to explain what is “UCP 600”, herein, we proceed to highlight the following points. The Uniform Customs and Practice for Documentary Credits, UCP 600, are rules that apply to any documentary credit (including to the extent to which they may be applicable, any
The UCP 600 is the latest revision of the ICC “Uniform Customs and Practice” that regulates and govern the operation of letters of credit, in all its different types, issued by commercial licensed banks to finance international trade different transactions upon request from their clients (including other banks \ correspondent
Last week, a report was published that shows a doubling of increase in the share prices of most companies in Dubai, including Aamar Company, The Bank of Dubai and others. The achievement of a large increase in these prices indicates clearly that financial investments in Dubai are enjoying continuous success