Islamic banks (1).docx - Running head Deposit in conventional banks and Islamic banks Deposit in conventional banks and Islamic banks Name Institutional

Islamic banks (1).docx - Running head Deposit in...

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Running head; Deposit in conventional banks and Islamic banks Deposit in conventional banks and Islamic banks Name; Institutional affiliation; Date;
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2 Deposit in conventional banks and Islamic banks Islamic banks Abu Dhabi Islamic Bank, National Bank of Abu Dhabi, Union National Bank,
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3 Deposit in conventional banks and Islamic banks Financial position of National Bank of Abu Dhabi Strategy of deposit of the above banks Variables such as interest rates in conventional banks, profits in Islamic banks have an impact on both traditional and Islamic deposits. On Islamic bank deposits are done based on Mudarabah,
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4 Deposit in conventional banks and Islamic banks which is a type of partnership where clients are investing in various businesses, and returns shared the client and the bank as per agreed profit sharing ratios and lost shared as per the
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Unformatted text preview: investment ratios. The term deposits and saving accounts are done based on Mudarabah Conventional banks Arab African International Bank Arab Bank PLC Bank Meli Iran Bank of Sharjah PSC Conventional banks accept deposits depending on the loans and their interest rates when interest rates increase the deposits in conventional banks increases, and those in Islamic banks decreases. Strategy to be implemented Customers are always sensitive to rewards which they get from their deposits, and hence the Islamic bank needs to formulate an effective way of attracting more customers and also upholding the religious standards. For effective competition in the banking sector in the UAE, both Islamic and conventional banks need to work in hand on deposits policies to avoid unhealthy competition...
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  • Spring '17
  • HERICK ONDIGO

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