The number of corporations on this industry and their relative sizes will increase day by day. Degree of differentiation and switching costs is low as the product quality of rivals is very much comparable and the switching value of the shoppers may be very low. The competitors of the Bank supply totally different product at completely different time. So prospects have an excellent option to choose the acceptable product among the numerous products. Bangladesh is the third largest Muslim country on the earth with round a hundred thirty million population and ninety p.c of them are Muslim.
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Relationship Management platforms also add value to the relaxation of the deal staff by automating and monitoring tasks and eliminating knowledge entry, permitting bankers to give consideration to productive tasks. Virtual knowledge rooms are essential for all firms, especially for those who have a quantity of offers in their pipeline at any given time. When combined with the rightrelationship administration system, VDRs are powerful instruments to keep bankers organized without compromising security. Integrating huge amounts of knowledge into your bank’s techniques is usually a daunting task.
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They found a lot of work had already been done and Islamic banking was in ready for quick introduction. Islamic Economic Research Bureau and Bangladesh Islamic Banker Association made contributions in the direction of introduction of Islamic Banking within the nation. Earlier in November 1980, Bangladesh Bank, the country’s central Bank despatched a consultant to study the working of a quantity of Islamic Bank’s overseas. In January 1981, on the 3rd Islamic summit convention held at Makkah and Taif, a fantastic emphasize were given on that the Islamic international locations ought to develop a separate banking system of their very own to find a way to facilitate their trade and commerce. To diversify its funding portfolio by size, by sector, by financial objective, by securities and by geographical area including industrial, industrial and agricultural involvement. Bank can use the deposit in its business but committed to pay back to the purchasers on demand.