Swot Analysis Of The Banking Industry

Foreign currency transactions are transformed into equal Taka foreign money utilizing the ruling trade rates on the dates of such transaction. Another constraining factor for the Islamic Banks is the absence of necessary authorized framework. Due to absence of separate legal framework of Islamic Bank in Bangladesh these banks are dealing with issues to deal with Islamic based mostly contracts. All the monetary and commercial legal guidelines of the nation are interest oriented. Interest value on borrowed funds is exempted from taxes whereas dividend paid on funds mobilized as equity is topic to tax at braying charges. Under Islamic Framework, the loan mechanisms are required to be replaced by Shariah laws like Mushraka, Mudaraba and so on.

Khaterine William

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