What is Musharakah Musharakah is derived from the word “Shirkat” which means sharing. Musharakah is a very important investment mode of financing in an Islamic economic system. It is a scheme of shared risk financing in which two or more parties contribute capital and labor to a business. The profit is distributed to the partners […]
What is Money and its Characteristics
Credit Control by Central Bank
Credit Control by Central Bank: The modern economy is a credit economy. Credit is the lifeblood of the modern business. Accordingly, control of credit is essential for stability and orderly growth of an economy. There are two types of credit controls used by the central banks in modern time for regulating bank advances. The meaning […]
8 Important Functions of Central Bank
Functions of Central bank are many but some of the main functions of central bank are, act as a governor of machinery of credit, regulate volume of credit and currency, control banking interest rate in country , we discuss below the following main functions of central bank. Functions of Central Bank: The traditional functions of […]
Importance of Banking
Importance of banking to an economy no emphasis. A well-organized banking system provides liquidity and mobility to the financial resources available in the economy. It helps the economy in the following regards. Importance of Banking Bring Economic Stability In The Country Co-Ordinate Among All The Units Accurate Investment Capital Formation: Creation Of Money Encourage Saving Facilitate Trade Acceptance Of Deposits […]
