m a c s n o t e

What is Cloud Computing?

2023-03-16T03:46:00.003-07:00

Cloud Computing: Cloud computing is a model for enabling ubiquitous, convenient,

on-demand network access to a shared pool of configurable computing resources (e.g.,

networks, servers, storage, applications, and services) that can be rapidly provisioned and

released with minimal management effort or service provider interaction. The three main

Cloud Computing models are Infrastructure as a Service (IaaS), Software as a Service

(SaaS), and Platform as a Service (PaaS).

Cloud Backup: Cloud backup is the process of backing up data to a remote cloud-based

server.

Cloud Broker: A third-party entity (individual or institution) that acts like an

intermediary and facilitates the selection of Cloud Computing services on behalf of the

Organization.

Cloud Migration: Cloud migration is the process of transferring all of or a part of an

organization‟s data, applications, and services from on-premise to the cloud or within the

clouds.

Cloud Native: Applications developed specifically for cloud platforms.

Cloud Service Provider (CSP): A Cloud Service Provider (CSP) is a company that

offers a Cloud Computing service, such as PaaS, IaaS, or SaaS, to individuals or

businesses.

Cloud Sourcing: Cloud sourcing is the act of migrating all or a part of traditional onpremise IT operations to cloud services or within the cloud based services to meet

business objectives.

Cloud Storage: Cloud storage is a model of computer storage in which data is stored in

facilities (often multiple facilities) managed by a hosting company (Cloud Service

Provider) and is accessed remotely by the user via a network.

Community Cloud: The cloud infrastructure is provisioned for exclusive use by a

specific community of consumers from the Organization that have shared concerns (e.g.,

mission, security requirements, policy, and compliance considerations). It may be

owned, managed, and operated by one or more of the Organization in the community, a

third party, or some combination of them, and it may exist on or off premises.

Container: A container is a virtualization instance in which the kernel of an operating

system allows for multiple isolated user-space instances. Unlike Virtual Machines

(VMs), containers do not need to run a full-blown Operating System (OS) image for each

instance. Instead, containers are able to run separate instances of an application within a

single shared OS.

Content Delivery Network (CDN): A Content Delivery Network (CDN) is a network of

distributed services that deliver content to a user based on the user‟s geographic

proximity to servers. CDNs allow speedy content delivery for websites with high traffic

volume or large geographic reach.

Elasticity: In Cloud Computing, elasticity is a term used to reference the ability of a

system to adapt to changing workload demand by provisioning and de-provisioning

pooled resources so that provisioned resources match current demand.

Extensibility: The ability of a cloud solution to add new runtime and framework support

via community build packs.

External Cloud: A private or public customized cloud solution provided by a third-party

outside the Organizations to meet client requirements.

Host Machine: A host machine is a piece of physical hardware that hosts virtual

machines.

Hybrid Cloud: A hybrid cloud is a Cloud Computing environment that is comprised of

a mix of private cloud, public cloud, and on-premises solutions. In a hybrid cloud,

private and public cloud infrastructures remain distinct from one another but are bound

together by technology that allows data and services portability between them.

Infrastructure as a Service (IaaS): Infrastructure as a Service (IaaS) is a model of

Cloud Computing in which the vendor hosts virtualized computing resources, as well as

network and storage resources, and provides them to the user as a service via the internet.

Internal Cloud: A Cloud Computing service model that is implemented within the

Organizations‟ physical boundaries using dedicated resources and IT infrastructure. It is

basically a private cloud instance meant ideally for in-house use.

Managed Service Provider (MSP): A Managed Services Provider (MSP) is an IT

services provider that provides fully outsourced network, application, and system

services across a network to clients.

Microservices: Microservices or microservice architecture is a way of designing

applications in which complex applications are built out of a suite of small,

independently deployable services. These „microservices‟ run their own processes and

communicate with one another using lightweight mechanisms such as language-agnostic

APIs. Microservices are independently deployable and scalable, and can even be written

in different languages.

Multi-Cloud: A multi-cloud strategy is the concurrent use of separate Cloud Service

Providers for different infrastructure, platform, or software needs. A multi-cloud

approach can help prevent vendor lock-in, and may help an enterprise deal with diverse

workloads as well as partners. However, a multi-cloud approach can complicate many

processes, such as security and governance, and a Cloud management platform is

recommended for this approach.

Multi-Tenancy: Multi-Tenancy is a mode of operation for software in which multiple

instances of one or many applications run in a shared environment. In a Cloud

Computing model, pooled physical and virtual resources are dynamically assigned and

reassigned to tenants according to consumer demand.

On-Demand Self-Service: A Cloud Computing service model by which a customer can

provision additional cloud resources on-demand, without involving the service provider.

Resources are typically provisioned through an online control panel.

On-Premise Technology: On-Premise technology is software or infrastructure that is

run on computers on the premises (in the building) of the person or the Organization

using the software or infrastructure.

Platform as a Service (PaaS): Platform as a Service (PaaS) is a model of Cloud

Computing in which a vendor provides the hardware and software tools necessary to

create, deploy and manage applications at scale to the user via the internet, as a service.

Private Cloud: A private cloud is a cloud infrastructure that is provisioned for use by

single organization comprised of multiple users. A private cloud is managed and

operated by the organization, a third party, or some combination of them, and it can exist

on or off premises.

Public Cloud: A public cloud is a cloud infrastructure that is hosted by cloud services

provider and is made available to the public via internet.

Scalability: Scalability is the ability of a process, system, or framework to handle a growing workload. In other words, a scalable system is adaptable to increasing demands. The ability to scale on demand is one of the biggest advantages of Cloud Computing.

Service Level Agreement (SLA): A service level agreement (SLA) is a contractual

agreement between a customer and a Service Provider which defines the level of service,

availability and performance guaranteed by the Service Provider.

Function as a service (FaaS)/ Serverless Computing: It is a platform for providing

compute, storage, and network resources without the need of managing machines. In this

execution model, the cloud provider runs the server and dynamically allocates

machine resources without worrying about the underlying infrastructure.

Software as a Service (SaaS): Software as a service (SaaS), is a model of Cloud

Computing in which applications (software) are hosted by a vendor and provided to the

user as a service. SaaS applications are licensed on a subscription basis and are made

available to users over a network, typically the internet. Because SaaS applications can

be accessed at any time, at any place, and on any platform, they have become a popular

model for delivery of many business applications.

Vendor Lock-in: Vendor lock-in is when a customer finds themselves “locked-in” or

stuck with a certain Cloud Service Provider (CSP). Vendor lock-in is characterized by

extreme difficulty in moving from one cloud vendor to another, usually due to lack of

standardized protocols, APIs, data structures, and service models.

Vertical Cloud: A vertical cloud is a Cloud Computing solution that is built or

optimized for a specific business vertical such as manufacturing, financial services, or

healthcare.

Virtual Desktop Infrastructure (VDI): Virtual desktop infrastructure (VDI) is a

desktop operating system hosted within a virtual machine.

Virtual Machine (VM): A virtual machine is a software computer that runs an operating

system or application environment, just as physical hardware would. The end-user has

the same experience on a VM as on dedicated hardware.

Virtual Machine Monitor (VMM): The program that is used to manage processor

scheduling and physical memory allocation. It creates virtual machines by partitioning

the actual resources, and interfaces the underlying hardware (virtual operating platform)

to all operating systems (both host and guest).

Islamic Banks Liquidity Facility (IBLF)

2022-12-05T21:23:00.006-08:00

Islamic Banks Liquidity Facility (IBLF)

A. Objectives To aid the liquidity management and deepen the financial system, Bangladesh Bank is hereby introducing a new financial instrument, namely, ‘Islamic Banks Liquidity Facility (IBLF)’ for shari’ah-based banking system in Bangladesh. This facility will provide short-term liquidity in the shari’ah-based banks operating in Bangladesh. These guidelines explain operating and settlement procedures for participating in the IBLF.

B. Eligible Participants

Shari’ah-based banks maintaining current accounts with Bangladesh Bank (BB) are eligible to participate in the IBLF.

C. Features of the Islamic Banks Liquidity Facility (IBLF)

The IBLF is a framework of providing liquidity facility by BB to shari’ah-based banks under the Mudarabah contract where Bangladesh Bank acts as the Investor (Rab al Mal) and banks act as the investment manager (Mudarib) under an agreed Profit Sharing Ratio (PSR). The different features of IBLF are as follows:

1. Tenor: Tenor of the IBLF will be 14 days.

2. Profit Rate: 03(three) months MTDR (Mudaraba Term Deposit Receipt) rate of the respective bank. 3. Day Count Convention: Actual/Actual.

4. Eligible Securities: Unencumbered Bangladesh Govt. Investment Sukuk (BGIS).

5. Haircut: The applicable haircut of the collateral security for IBLF shall be 5% of its face value. While providing IBLF, the entire security will be treated as a collateralized security even if a hair-cut is imposed on the face value of the eligible security at a prescribed rate.

6. Profit in interim period: The institutions will receive interim profit (if any) from BGIS used as collateral for IBLF.

D. Operating Procedures of Islamic Banks Liquidity Facility (IBLF)

1. The institution may apply for IBLF on every working day through the prescribed form

2. The applied amount of IBLF should be for a minimum amount of Taka 01(one) crore, or multiples thereof;

3. The IBLF will be provided according to the decision of Auction Committee of BB;

4. The decision will be disclosed within the stipulated time set by Bangladesh Bank;

5. BGIS against which respective institutions intended to avail IBLF shall be marked as a lien in favor of BB during the IBLF period by the Motijheel Office of BB. The lien-marked securities cannot be used or traded during the IBLF period;

6. The liquidity to be provided by the BB shall be credited to the current account of the respective institution at the close of the same business day;

7. BB reserves full discretion to accept or reject the application or provide partial investment.

E. Settlement of IBLF

1. At maturity, BB will debit the current account of the institutions to recover the investment amount and the profit (as per the provisional profit rate), and release lien-marked securities to the respective institution;

2. If IBLF matures on a holiday then the tenor of IBLF will be extended by the number of holidays and profit calculation will incorporate this extended period;

3. At the end of the calendar year, profit will be adjusted according to the actual profit of respective institutions.

F. Treatment regarding breach of terms of the contract

1. At maturity, if the institution fails to maintain adequate funds in the current account for the settlement of IBLF, BB shall adjust the investment amount by disposing of lien-marked securities.

G. BB may change/extend/add or removes policies and procedures related to IBLF as necessary.

Ref: DMD Circular No. 03 date 05/12/2022

What is an escrow account?

2020-11-22T03:09:00.003-08:00

What is an escrow account?

An escrow account is an account where funds are held in trust whilst two or more parties complete a transaction. This means a trusted third party such as Escrow.com will secure the funds in a trust account. The funds will be disbursed to the merchant after they have fulfilled the escrow agreement. If the merchant fails to deliver their obligation, then the funds are returned to the buyer.

How does Escrow Work?

Escrow.com reduces the risk of fraud by acting as a trusted third-party that collects, holds and only disburses funds when both Buyers and Sellers are satisfied.

Buyer and Seller agree to terms - Either the Buyer or Seller begins a transaction. After registering at Escrow.com, all parties agree to the terms of the transaction.
Buyer pays Escrow.com - The Buyer submits a payment by approved payment method to our secure Escrow Account, Escrow.com verifies the payment, the Seller is notified that funds have been secured 'In Escrow'.
Seller ships merchandise to Buyer - Upon payment verification, the Seller is authorised to send the merchandise and submit tracking information. Escrow.com verifies that the Buyer receives the merchandise.
Buyer accepts merchandise - The Buyer has a set number of days to inspect the merchandise and the option to accept or reject it. The Buyer accepts the merchandise
Escrow.com pays the Seller - Escrow.com releases funds to the Seller from the Escrow Account.

ref. Escrow.com

ICRRS: Internal Credit Risk Rating System

2020-03-03T20:42:00.002-08:00

ICRRS( Internal Credit Risk Rating System):

Internal Credit Risk Rating System refers to the system to analyze a borrower's
repayment ability based on information about a customer's financial condition including its
liquidity, cash flow, profitability, debt profile, market indicators, industry and operational
background, management capabilities, and other indicators.

The key uses of this guideline:
a) To provide a granular, objective, transparent, consistent framework for the
measurement and assessment of borrowers’ credit risk.
b) To facilitate portfolio management activities.
c) To assess the quality of individual borrower to help the banks to determine the quality
of the credit portfolio, line of business of the branch or the Bank as a whole.
d) To be used for individual credit selection, credit pricing, and setting credit limits and
terms & conditions.

Rating Scores Aggregate:
Excellent ≥80%
Good ≥70% to <80%
Marginal ≥60% to <70%
Unacceptable <60%

List of Eligible Collateral (as per BRPD circular no 14/2012 on Loan
Classification and Provisioning):
100% of deposit under lien against the loan.
100% of the value of government bond/savings certificate under lien.
100% of the value of guarantee given by the Government or Bangladesh Bank
100% of the market value of gold or gold ornaments pledged with the bank.
50% of the market value of easily marketable commodities kept under control of the
bank.
Maximum 50% of the market value of land and building mortgaged with the bank.
50% of the average market value for the last 06 months or 50% of the face value, whichever
is less, of the shares traded in a stock exchange.

Ref: GUIDELINES ON INTERNAL CREDIT RISK RATING SYSTEM FOR BANKS

What is Ransomware?

2019-07-23T23:10:00.001-07:00

Ransomware is a type of malware that accesses a victim’s files, locks and encrypts them and then demands the victim to pay a ransom to get them back. Ransomware infections threaten computer users with the destruction of data if they don’t pay the money to the crooks that created the infections. Cybercriminals use these attacks to try to get users to click on attachments or links that appear legitimate but actually contain malicious code. Ransomware is like the “digital kidnapping” of valuable data from personal photos and memories to client information, financial records and intellectual property. Any individual or organization could be a potential ransomware target.

Protection against Ransomware:

Regularly backup your data to an external device, to the cloud, or both so that data can be available even if Ransomware attack happens.
Make sure all of your operating system and anti-virus/anti-malware programs are set to update automatically.
Think before you click an unknown link because almost all the Ransomware infection attacking happened by clicking on a link from a bogus email, a hijacked social media account, or another malicious source over the internet.
Enable spam email detection to avoid getting unwanted mails containing malicious attachments.
Always check who the email sender is. Check digital signature or certificates for any company or be sure the sender is trusted one before clicking any mail attachment.
Double-check the content of the message before sending.
Keep all machines clean to prevent any kind of cybercrime.
Get two-factor authentication system for strong security.
Every time you plug any USB or external device, do scan twice.
Make better passwords to enhance security of your computer and accounts.
When in doubt, throw it out. If any link or mail attachment looks suspicious just ignore it.

What is an Aquifer?

2017-11-21T21:39:00.003-08:00

What is an Aquifer?

An aquifer is an underground layer of water-bearing permeable rock, rock fractures or unconsolidated materials (gravel, sand, or silt) from which groundwater can be extracted using a water well. The study of water flow in aquifers and the characterization of aquifers is called hydrogeology.

An aquifer is a body of saturated rock through which water can easily move.

Is an Aquifer an Underground River?

No. Almost all aquifers are not rivers. Since water moves slowly through pore spaces in an aquifer's rock or sediment, the only life-forms that could enjoy floating such a 'river' would be bacteria or viruses which are small enough to fit through the pore spaces.

How Does an Aquifer Work?An aquifer is filled with moving water and the amount of water in storage in the aquifer can vary from season to season and year to year. Ground water may flow through an aquifer at a rate of 50 feet per year or 50 inches per century, depending on the permeability. But no matter how fast or slow, water will eventually discharge or leave an aquifer and must be replaced by new water to replenish or recharge the aquifer. Thus, every aquifer has a recharge zone or zones and a discharge zone or zones.

Why is Groundwater So Clean?
Aquifers are natural filters that trap sediment and other particles (like bacteria) and provide natural purification of the ground water flowing through them.

Like a coffee filter, the pore spaces in an aquifer's rock or sediment purify ground water of particulate matter (the 'coffee grounds') but not of dissolved substances (the 'coffee'). Also, like any filter, if the pore sizes are too large, particles like bacteria can get through. This can be a problem in aquifers in fractured rock (like the Snake River Plain, or areas outside the sediment-filled valleys of southeast Idaho).

How is an Aquifer Contaminated?
An aquifer can be contaminated by many things we do at and near the surface of the earth. Contaminants reach the water table by any natural or manmade pathway along which water can flow from the surface to the aquifer.
Deliberate disposal of waste at point sources such as landfills, septic tanks, injection wells and storm drain wells can have an impact on the quality of ground water in an aquifer.

What is a lithium polymer battery?

2017-10-18T22:35:00.002-07:00

A lithium polymer battery, or more correctly lithium-ion polymer battery(abbreviated variously as LiPo, LIP, Li-poly and others), is a rechargeable battery oflithium-ion technology using a polymer electrolyte instead of the more common liquid electrolyte.

What is G sensor in Android phones?

2017-10-18T22:32:00.000-07:00

An accelerometer is a sensor that measures the amount of acceleration in a device or a project. A G-Sensor measures the amount of tilt in a device like a tablet pc or mobile phone. If you tilt your phone from landscape mode to potrait mode, your screen positions itself accordingly

What is the proximity sensor for?

2017-10-18T22:30:00.003-07:00

A proximity sensor is a sensor able to detect the presence of nearby objects without any physical contact. A proximity sensor often emits an electromagnetic field or a beam of electromagnetic radiation (infrared, for instance), and looks for changes in the field or return signal.

What is the use of accelerometer sensor?

2017-10-18T22:30:00.000-07:00

An accelerometer is an electromechanical device that will measure acceleration forces. These forces may be static, like the constant force of gravity pulling at your feet, or they could be dynamic - caused by moving or vibrating the accelerometer.

The Android platform provides several sensors that let you monitor the motion of a device. ... The gravity, linear acceleration, rotation vector, significant motion, step counter, and step detector sensors are either hardware-based or software-based. The accelerometer and gyroscope sensors are always hardware-based.

What is OTG on smartphone?

2017-10-18T22:23:00.003-07:00

USB On-The-Go, often abbreviated to USB OTG or just OTG, is a specification first used in late 2001 that allows USB devices, such as digital audio players or mobilephones, to act as a host, allowing other USB devices, such as USB flash drives, digital cameras, mice or keyboards, to be attached to them.

What is a Standby Letter of Credit(SBLC)?

2017-07-24T22:30:00.000-07:00

What is a Standby Letter of Credit(SBLC)?

A Standby Letter of Credit (SBLC) can be considered as equivalent to a demand guarantee from the point of view of its function and aim. It is payable on first demand against presentation of a declaration from the beneficiary stating that the applicant is in default of his obligations under the underlying transaction.

An SBLC is an independent undertaking on the part of the bank and is separate from the underlying transaction or contract.

Like any other bank guarantee, the Standby Letter of Credit may have multiple purposes:

Tender SBLC
Advance payment SBLC
Performance SBLC
Retention money SBLC
Warranty SBLC
Payment SBLC

What is a Bank Guarantee?

2017-07-24T22:19:00.000-07:00

What is a Bank Guarantee?

A bank guarantee may be defined as a written undertaking by which a bank, at the request of its customer (the applicant), irrevocably commits itself to pay a sum of money to a third party (the beneficiary) upon receipt of a complying demand by the beneficiary informing the bank that the applicant failed to fulfill his obligations under the underlying commercial contract.

As it appears from the definition, the bank does not guarantee the actual fulfillment of the applicant’s obligation under the contract. It only commits itself to pay, in whole or in part, the amount stated in the guarantee.

This means that the bank will not, and is not liable to, deliver the goods or assume any responsibility for carrying out a project.

Parties involve in Bank Guarantee:

An applicant : the party having an obligation under the underlying relationship supported by the guarantee.

A beneficiary : the party in favor of which a guarantee is issued.

A guarantor : the bank issuing the guarantee and committing itself to pay upon receipt of a complying demand for payment.

Counter Guarantee:

A counter guarantor who guarantees the guarantor banks obligation. If so, counter-guarantor ( bank ) issues a counter guarantee in favor of the bank who will commit payment to the beneficiary.

Types of guarantees;

Bid Bond, Tender Bond/Guarantee
Performance Bond / Guarantee
Advance Payment Guarantee
Customs Guarantees,
Security For a Credit Line,
Retention Guarantees,
Warranty Guarantees,

Checklist of Foreign Exchange Transactions

2015-05-19T06:56:00.000-07:00

Import:
1. Approval from Head Office(if required)
2. IRC checking/original copy of IRC/genuineness and its validity/checking payment of IRC fees.
3. Putting IRC fees.
4. Entitlement of IRC on IMP
5. Validity of Indent/Proforma Invoice
6. Renewal of the expired indent by the indentor.
7. Indent/Proforma Invoice signed by the Importer and indentor/supplier.
8. Copy of Trade license.
9. Certificate from chamber of commerce and Industries/Trade Association
10. TIN/VAT registration

11. Any other document if required by CCI&E
12. LC application and LCAF properly, correctly and completely filled, stamped & signature of the importer verified properly.
13. Stamp and signature of A/D on the back of exchange monitoring purpose copy of LCAF
14. Reporting of remittance should be ensured on LCAF with related IMP form number.
15. FC payment not exceeding LCAF value.
16. Endorsing seal of FC on the back of LCAF with proper seal/signature of AD
17. Permission of Bangladesh Bank against remittance of excess value of the LCAF (if any)
18. Disposal of fully utilized or unutilized LCAF.
19. Bangladesh Bank registration number correctly reproduced in IMP
20. Approved Margin properly retained.
Amendment:
1. Obtain written application from the applicant of the credit duly signed and verified by the bank.
2. In case of increase of value, application for amendment is to be supported by revised Indent/Proforma invoice up to the period of proposed extension.
3. In case of extension of shipment period, it should be ensured that relative LCA is valid/revalidated/increased up to the period of proposed extension.
4. Amendment on increase of credit amount and extension of shipment period both the cases amendment of Insurance Cover Note also to be submitted.
5. Proper recording and filling of amendment is to be maintained.
6. Amendment charges will be recovered and necessary voucher is to be passed.
Lodgement:
1. Intimation should be given to the party in time.

Banking Notes

2015-05-19T05:38:00.001-07:00

General Banking

Indemnity: Indemnity nj Ggb GK Pzw³ hv‡Z GK c¶ Avi GK c¶‡K ¶wZi nvZ †_‡K i¶vi AsMxKvi K‡i| †PK nvwi‡q †M‡j, bKj wWwW Bm¨y Ki‡j, wnmveavixi g„Z¨ n‡j Indemnity †bqv nq|

Set off: hw` GKRb MÖvn‡Ki `~ÕwU wnmve _v‡K (GKwU cvIbv wnmve Ges GKwU †`bv wnmve) Z‡e GK wnmve †_‡K UvKv wb‡q Ab¨ wnmve adjust Kivi AwaKvi‡K set off e‡j|

Contingent liability: ‡hmKj `vq fwel¨‡Z m„wó n‡Z cv‡i ‡m¸‡jv n‡jv Contingent liability (m¤¢ve¨ `vq)| ‡hgb-Gjwm, wejm&, e¨vsK M¨vivw›U|

Negotiable Instrument: Negotiable Instrument means a Promissory note, Bill of Exchange or cheque payable either to order or to bearer. (N.I Act-1881 Article 13 (1))

Promissory Note: A promissory note is an instrument in writing containing an unconditional undertaking signed by the maker to pay a certain sum of money only to, or the order of a certain person, or to the bearer of the instrument. (†h `wj‡ji gva¨‡g †Kvb e¨w³ kZ©nxbfv‡e cÖwZÁv K‡i †h, wbw`©ó cwigvb UvKv PvwnevgvÎ ev fwel¨‡Z †Kvb we‡kl Zvwi‡L †Kv&b wbw`©ó e¨w³‡K ev Zvi wb‡`©‡k A_ev Gi evnK‡K cÖ`vb Kiv n‡e, Zv‡K cÖwZÁv cÎ e‡j|)

Bill Exchange: A bill of exchange is an instrument in writing containing an unconditional order, signed by the maker, directing a certain person to pay (on demand at a fixed or determinable future time), a certain sum of money only to, or to the order of a certain person, or to the bearer of the instrument. (‡Kvb we‡kl e¨w³‡K ev Zvi Av‡`‡k Ab¨ †Kvb e¨w³‡K ev evnK‡K wbw`©ó cwigvb A_© PvwnevgvÎ ev fwel¨Z †Kvb Zvwi‡L cÖ`vb Kivi Rb¨ Avw`‡ói Dci Avw`óvi ¯^v¶ihy³ kZ©nxb Av‡`k‡K wewbgq wej e‡j|)

Cheque: A cheque is a bill of exchange drawn on a banker, payable on demand (1882 Art.73).

A cheque is an unconditional written order signed by the drawer to a Banker to pay on demand a specified sum of money to person named as payee on the cheque. (‡Kvb MÖvnK KZ…©K, Zvi e¨vs‡Ki cÖwZ, Zvi wnmve n‡Z wbw`©ó cwigvb A_© evnK ev Avw`ó e¨vw³‡K cÖ`v‡bi Rb¨ ZvwiL mn ¯^v¶wiZ GKwU kZ©nxb wjwLZ Av‡`k‡K †PK e‡j| )

Lien: The right of one person to retain possession of goods owned by another as security for all the outstanding debts of the owner. (‡`bv`v‡ii †`bv cwi‡kva bv nIqv ch©š— cvIbv`vi KZ…©K †`bv`v‡ii †Kvb m¤úwË wbqš¿‡b ivLvi AwaKvi‡K wj‡qb ev c~e©¯^Z¡ e‡j|)

Guarantee: A promise made by a third party who is not a party to a contract between two others, to accept liability if one of the parties fails to fulfill the contractual obligations. (wewb‡qv‡Mi wbðqZvi Rb¨ , wewb‡qvM MÖnxZvi c‡¶ Z„Zxq †Kvb c¶ †`bv cwi‡kv‡ai `vwqZ¡ MÖnb Ki‡j, Zv‡K Rvwgb ev M¨vivw›U e‡j|)

Payment in due course: Payment in due course means payment, in accordance with the apparent tenor of the instrument, in good faith and without negligence, to any person in possession thereof, under circumstances which do not afford a reasonable ground for believing that he is not entitled to receive payment of the amount mentioned therein. (h_v wewnZ cwi‡kva ej‡Z eySvq, mij wek¦v‡m, mZ©KZvi mwnZ Ggb †Kvb e¨w³‡K †Kvb n¯—vš—i‡hvM¨ `wj‡ji g~j¨ cwi‡kva Kiv, hvi gvwjKvbvq Î“wU _vKvi hw³msMZ †Kvb KviY †bB|)

Mv‡Y©kx Av‡`k: Mv‡Y©kx Av‡`k ej‡Z Av`vjZ KZ…©K Ggb GKwU Av‡`k‡K eySvq hvi gva¨‡g †Kvb FY`vZv Zvi cvIbv UvKv Av`v‡qi Rb¨ Z…Zxq c‡¶i Kv‡Q b¨¯— †`bv`v‡ii A_© †µvK Ki‡Z cv‡ib| Z…Zxq c¶ ej‡Z e¨vsKvi‡K Mv‡Y©kx e‡j|

m¤ú„³ Aciva (Predicate Offence) Gi AvIZv c~‡e©i 12 wUi ¯’‡j eZ©gv‡b 17 wU Kiv nBqv‡Q, hvnv msNU‡bi gva¨‡g AwR©Z †Kvb A_© ev m¤ú` jÛvwis Kiv ev Kwievi †Póv Kiv nq ev Kwievi †Póv Kiv nq, h_v :

1. `ybx©wZ I Nyl

2. gy`ªv RvjKiY

3. `wjj `¯—v‡eR RvjKiY

4. Pvu`vevwR

5. cÖZviYv

6. RvwjqwZ

7. A‰ea A‡¯¿i e¨emv

8. A‰ea gv`K I †bkv RvZxq `ª‡e¨i e¨emv

9. †PvivB I Ab¨vb¨ `ª‡e¨i e¨emv

10. AcniY, A‰eafv‡e AvUKvBqv ivLv I cYe›`x Kiv

11. Lyb, gvivZœK kvixwiK ¶wZ

12. bvix I wkï cvPvi

13. †PvivKvievi Ges †`kx I we‡`kx gy`ªv cvPvi

14. Pzwi ev `my¨Zv ev WvKvwZ

15. Av`g cvPvi I A‰ea Awfevmb

16. †hŠZzK Ges

17. GB Aa¨v‡`k Gi D‡Ïk¨ c~iYK‡í evsjv‡`k e¨vsK KZ…©K miKv‡ii Aby‡gv`bµ‡g †M‡RU cÖÁvc‡bi gva¨‡g †NvwlZ Ab¨ †h †Kvb m¤ú„³ Aciva|

gvwb jÛvwis msNU‡bi c×wZ: gvwb jÛvwis msNU‡bi Rb¨ †Kvb aivevav wbqg †bB| Z‡e mvaviYZt wb‡gœv³ wZbwU Dcv‡q/cÖwµqvi gva¨‡g gvwb jÛvwis n‡q _v‡K| (1) †cm‡g›U (Placement) (2) †jqvwis (Layering) (3) Bw›U‡MÖkb (Integration)

(1) †cm‡g›U (Placement) : hLb †Kvb Acivag~jK Kvh© n‡Z D™¢yZ ev DcvwR©Z A_© cÖ_g ev‡ii gZ A_© e¨e¯’vq (Financial System) cÖ‡ek K‡i ZLb Zv‡K ‡cm‡g›U ejv nq| D`vniY - Pzwi, WvKvwZ, wQbZvBKvix ev Ny‡li A_© hLb GKwU e¨vsK wnmv‡e Rgv nq ZLb Gi †cm‡g›U N‡U|

(2) †jqvwis (Layering) : †jqvwis ej‡Z †cm‡g›UK…Z A_© chv©qµ‡g RwUj †jb‡`‡bi gva¨‡g wewfbœ ¯—‡i miv‡bvi/¯’vbvš—‡ii cÖwµqv‡K eySvq| G cÖwµqv A‡_©i Drm †Mvcb/jyKv‡bvi Rb¨ e¨eüZ nq| D`vniY- Aw¯—Z¡nxb cÖwZóv‡bi g‡a¨ B‡j±ªwbK UªvÝdvi, we‡`kx e¨vsK WªvdU, Uªv‡fjvim †PK, GKwU e¨vsK GKvD›U n‡Z wewfbœ e¨vsK kvLvq wewfbœ bv‡g A‡_©i ¯’vbvš—i ev Rgv Kiv|

(3) Bw›U‡MÖkb (Integration) : †jqvwis mdj n‡j Bw›U‡MÖkb Gi gva¨‡g A‰ea UvKv/A‰ea A_© Ggbfv‡e e¨eüZ nq hv‡Z g‡b nq GwU ˆea cš’vq DcvwR©Z| Gfv‡eB jÛvwisK…Z A_© A_©bxwZ‡Z cybe©nvj nq| D`vniY- A‰ea A‡_© µqK…Z m¤úwËi weµq, Mvox, exgv cwjwmi Nb Nb evwZjKiY BZ¨vw`|

Investment:

F Bmjvgx e¨vs‡Ki wewb‡qvM †gvW : Bmjvgx e¨vs‡Ki gyW Id Bb‡f÷†g›U 3wU-

1. evB †gKvwbRg : evB gyivevnv, evB gyqv¾vj, evB mvjvg, evB BmwZkbv|

2. †kqvi †gKvwbRg : gy`vivev, gykvivKv, nvqvi cvi‡PR

3. BRviv †gKvwbRg : nvqvi cvi‡PR AvÛvi wkiKvZyj wgé

evB gyivevnv (Pzw³i wfwË‡Z jv‡f weµq): gyivevnv Pyw³ ej‡Z Ggb e¨emvwqK Pzw³‡K eySvq hvi Aax‡b e¨vsK wewb‡qvM MªnxZvi Aby‡iv‡a wba©vwiZ gvjvgvj µq K‡i µq g~‡j¨i mv‡_c~e©-¯^xK…Z jvf †hvM ‡i Zvi (wewb‡qvM MÖnxZv) weµq Ki‡e|

evB gyqv¾vj (evKx‡Z weµq): fwel¨‡Z wba©vwiZ †Kv‡bv mg‡q GKmv‡_ A_ev wba©vwiZ wKw¯—‡Z m¤§Z g~j¨ cwi‡kv‡ai k‡Z© wbw`©ó cwigvb kixqvn& Aby‡gvw`Z cY¨mvgMªx weµq Kiv‡K evB gyqv¾vj e†j|

evB mvjvg (AwMÖg µq): evB mvjvg n‡jv Ggb GK e¨emvwqK Pzw³ hvi AvIZvq fwel¨‡Z wba©vwiZ mg‡qi g‡a¨ gvjvgvj mieiv‡ni k‡Z© Ges Zvr¶wYK m¤§Z g~‡j¨ cwi‡kva mv‡c‡¶ wbw`ó cwigvY kixqvn& Aby‡gvw`Z cY¨ mvgMÖxi AwMÖg µq-weµq‡K evB-mvjvg e‡j|

evB BkwZkbv: AwMªg A_ev fwel¨‡Z wba©vwiZ †Kvb mg‡q A_ev wba©wiZ wKw¯—‡Z m¤§Z g~j¨ cwi‡kv‡ai k‡Z© †µZvi digv‡mi Abyhvqx wbw`©ó cwigvY kixqvn& Aby‡gvw`Z cY¨ mvgMªx ˆZix K‡i weµq Kiv‡K A_ev g~j¨ cwi‡kv‡ai Dc‡iv³ kZ©vbyhvqx †Kvb Drcv`bKvixi/we‡µZvi KvQ †_‡K mywbw`©ócY¨mvgMªx digv‡qk cÖ`v‡bi gva¨‡g µq Kiv‡K Bm&wZmbv e‡j|

gy`vivev: †h Kviev‡i GKc¶ g~jab †hvMvb †`q Ges wØZxq c¶ kªg, †gav I mgq e¨q K‡i Ges Pzw³ Abyhvqx fvM K‡i †bq A_ev wØZxq c‡¶i Ae‡njvRwbZ KviY Qvov mgy`q Avw_©K ¶wZ g~jab †hvMvb`vZv enb K‡i Zv‡K gy`vivev e‡j| gy`vivev n‡”Q cyuwRi gvwjK I D‡`¨v³vi mgš^‡q MwVZ GK ai‡bi wewb‡qvM e¨e¯’v| GB c×wZ‡Z `ywU c¶ _v‡K, GK c¶ cyuwR wewb‡qvM K‡i Avi Acic¶ ¯^xq †gav, kªgI †hvM¨Zv w`‡q e¨emv cwiPvjbv K‡i|

†cR: `Ljhy³ eÜK A_©vr wewb‡qv‡Mi gvj hw` e¨vs‡Ki wbqš¿‡b _v‡K Z‡e Zv‡K †cR e‡j|

nvBc‡_K¨vkb: `Ljnxb eÜK AvL©vr wewb‡qv‡Mi gvj hw` MÖvn‡Ki wbqš¿‡b _v‡K Z‡e Zv‡K nvBc‡_K¨vkb e‡j|

wj‡qb: ‡`bv`v‡ii †`bv cwi‡kva bv nIqv ch©š— cvIbv`vi KZ…©K †`bv`v‡ii †Kvb m¤úwË AvUK ivLvi AwaKvi‡K wj‡qb ev c~e©mË¡ e‡j|

Bank Guarantee: A Bank Guarantee is an undertaking given by a Bank to perform the promise or discharge the liability of its customer in case of his default. (‡Kvb e¨vsK hLb Z…Zxq †Kvb e¨w³i †`bv cwi‡kv‡ai A¶gZvq Zvi †`bv cwi‡kv‡ai AsMxKvi K‡i Zv‡K e¨vsK M¨vivw›U e‡j|)

Mortgage: A Mortgage is the transfer of an interest in specific immovable property for the purpose of securing the Bank investment.

Islami Banking:

my`: †Kvb wbw`©ô cwigvY A‡_©i Dci wbw`ó nv‡i AwZwi³ A_© Av`vq Kiv‡K my` e‡j| A_©vr A_© ev c‡b¨i AwZwi³ Ask‡K my` e‡j| my` `yB cÖKvi:

wiev bvwmqv: mg‡qi †cÖw¶‡Z †h AwZwi³ A_© ev c‡Y¨i R¤§ ‡`q ZvB wiev bvwmqv|

wiev d`j: nv‡Z nv‡Z mgRvZxq cY¨ ev A_© wewbg‡qi †¶‡Î hw` AwZwi³ cY¨ ev A‡_©i R¤§ †`q Z‡e Zv n‡”Q wiev d`j|

gybvdv: jvf-‡jvKmvb wfwË‡Z e¨emvwqK DcvR©b‡K gybvdv e‡j|

my` I gybvdvi cv_©K¨:

1. µq weµ‡qi gva¨‡g gybvdv AR©b Kiv nq| Aciw`‡K my` F‡Yi gva¨‡g mg‡qi †cÖw¶‡Z Av`vq Kiv nq|

cuywR, †gav, mgq I cª‡Póvi gva¨‡g gybvdv AwR©Z nq| Aciw`‡K cuywRi wewbg‡q my` †bqv nq| cuywRi gvwjK †Kvb †gav I mgq e¨q K‡ib bv|

3. gybvdv AwbwðZ I Awba©vwiZ Aciw`‡K my` wbwðZ I wba©vwiZ nv‡i Av`vq Kiv nq|

gybvd AR©‡b SuywK enb Ki‡Z nq Aciw`‡K my` e¨emvi SuywK enb K‡i bv|

5. gybvdv nvjvj Aciw`‡K my` nvivg|

Bmjvgx e¨vsK GkwU wØ-¯—i wewkó gy`vivev e¨vsK: KviY, Bmjvgx e¨vsK AvgvbZ MÖnbKv‡j nq gy`vwie Ges AvgvbZKvix nq mvwne Avj-gvj, Avevi wewb‡qvM Ki‡j e¨vsK nq mvwne Avj-gvj Ges MÖvnK nq gy`vwie|

my` m¤ú‡K© KziAv‡bi AvqvZ:

ü my` m¤úwK©Z cÖ_g AvqvZ n‡”Q سورة الروم -Gi 39 bs AvqvZ:

وَمَا آتَيْتُم مِّن رِّبًا لِّيَرْبُوَ فِي أَمْوَالِ النَّاسِ فَلَا يَرْبُو عِندَ اللَّهِ ۖ وَمَا آتَيْتُم مِّن زَكَاةٍ تُرِيدُونَ وَجْهَ اللَّهِ فَأُولَٰئِكَ هُمُ الْمُضْعِفُونَ

A_©t gvby‡li a‡b †Zvgv‡`i ab e„w× cv‡e G D‡Ï‡k¨ †Zvgiv my‡` hv w`‡q _vK Avjvni `„wó‡Z Zv ab m¤ú` e„w× K‡i bv| wKš‘ †Zvgv‡`i g‡a¨ hviv Avjvni mš‘wó jv‡fi D‡Ï‡k¨ hvKvZ w`‡q _v‡K Zv‡`iB ab-m¤ú` e„w× cvq| ZvivB m¤ú`kvjx|

ü cÖ_g Avqv‡Zi 11 eQi ci wØZxq AvqvZ wnmv‡e سورة آل عمران Gi 130 bs AvqvZ bvwhj nq:

يَا أَيُّهَا الَّذِينَ آمَنُوا لَا تَأْكُلُوا الرِّبَا أَضْعَافًا مُّضَاعَفَةً ۖ وَاتَّقُوا اللَّهَ لَعَلَّكُمْ تُفْلِحُونَ

A_©: †n Cgvb`viMY! †Zvgiv Pµe„w× nv‡i my` †L‡qv bv| Avi Avjvn‡K fq Ki‡Z _vK, hv‡Z †Zvgiv Kj¨vY AR©Y Ki‡Z cv‡iv|

ü wØZxq Avqv‡Zi cÖvq 8 eQi ci Pzovš— fv‡e my` wbwq× K‡i سورة البقرة -Gi 275 bs AvqvZ †_‡K ci ci K‡qKwU AvqvZ bvwhj nq:

الَّذِينَ يَأْكُلُونَ الرِّبَا لَا يَقُومُونَ إِلَّا كَمَا يَقُومُ الَّذِي يَتَخَبَّطُهُ الشَّيْطَانُ مِنَ الْمَسِّ ۚ ذَٰلِكَ بِأَنَّهُمْ قَالُوا إِنَّمَا الْبَيْعُ مِثْلُ الرِّبَا ۗ وَأَحَلَّ اللَّهُ الْبَيْعَ وَحَرَّمَ الرِّبَا ۚ فَمَن جَاءَهُ مَوْعِظَةٌ مِّن رَّبِّهِ فَانتَهَىٰ فَلَهُ مَا سَلَفَ وَأَمْرُهُ إِلَى اللَّهِ ۖ وَمَنْ عَادَ فَأُولَٰئِكَ أَصْحَابُ النَّارِ ۖ هُمْ فِيهَا خَالِدُونَ

A_©: hviv my` Lvq, Zviv wKqvg‡Z `Ûvqgvb n‡e, †hfv‡e `Ûvqgvb nq H e¨w³, hv‡K kqZvb Avmi K‡i †gvnvweó K‡i †`q| Zv‡`i G Ae¯’vi KviY GB †h, Zviv e‡j‡Q: µq-weµqI †Zv my` †bqviB gZ| A_P Avjvn myenvbvû ZvÕAvjv µq-weµq ˆea K‡i‡Qb Ges my` nvivg K‡i‡Qb| AZtci hvi Kv‡Q Zvi cvjbKZ©vi c¶ †_‡K Dc‡`k G‡m‡Q Ges †m weiZ n‡q‡Q, c~‡e© hv n‡q †M‡Q, Zvi e¨vcvi Avjvni Dci wbf©ikxj| Avi hviv cybivq my` †bq, ZvivB †`vh‡L hv‡e| Zviv †mLv‡b wPiKvj Ae¯’vb Ki‡e|

ü سورة البقرة -Gi 276 bs AvqvZ:

يَمْحَقُ اللَّهُ الرِّبَا وَيُرْبِي الصَّدَقَاتِ ۗ وَاللَّهُ لَا يُحِبُّ كُلَّ كَفَّارٍ أَثِيمٍ

A_©: Avjvn my`‡K wbwðý K‡ib Ges `vb‡K e„w× K‡ib Avi wZwb †Kvb AK…Á cvcx‡K fvjev‡mb bv|

ü سورة البقرة -Gi 278 bs AvqvZ:

يَا أَيُّهَا الَّذِينَ آمَنُوا اتَّقُوا اللَّهَ وَذَرُوا مَا بَقِيَ مِنَ الرِّبَا إِن كُنتُم مُّؤْمِنِينَ

A_©: †n Cgvb`viMY! †Zvgiv Avjvn‡K fq Ki Ges my‡`i hv e‡Kqv Av‡Q Zv †Q‡o `vI hw` †Zvgiv mwZ¨B wek¦vmx n‡q _vK|

my` m¤ú‡K© nvw`m:

ü nqiZ Be&b gvmy` (ivt) †_‡K ewY©Z, wZwb e‡jb, wbðqB Avjvni bex (mt) my`‡Lvi, my` cÖ`vbKvix, my`cÖv`vbKvixi mv_x Ges my` Pzw³ †jLK‡K Awfkvc w`‡q‡Qb| -eyLvix I gymwjg|

ü nhiZ Avey Dgvgv (ivt) †_‡K ewY©Z, ivmyj (mt) e‡j‡Qb, ‡h e¨w³ Kv‡iv R‡b¨ †Kvb mycvwik Kij Avi GRb¨ mycvwikcÖvß e¨w³ Zv‡K †Kvb nvw`qv w`j Ges Zv MÖnb Kij Z‡e wbtm‡›`‡n †m my‡`i `iRv mg~‡ni GKwU eo `iRv w`‡q cÖ‡ek Kij| -Avey `vD`|

Information technology (IT):

Mobile Banking: Mobile banking (also known as M-Banking, mbanking) is a term used for performing balance checks, account transactions, payments, credit applications and other banking transactions through a mobile device such as a mobile phone or Personal Digital Assistant (PDA).

Islami Bank mCash: Islami Bank mCash n‡jv Bmjvgx e¨vs‡Ki †gvevBj e¨vswKs †mev, †hLv‡b †h‡Kvb †gvevBj MÖvnKiv †`‡ki †h‡Kvb ¯’vb n‡Z †h‡Kvb mg‡q Bmjvgx e¨vs‡Ki †Kvb kvLvq bv †h‡qB 24 N›Uv e¨vswKs myweav MÖnb Ki‡Z cvi‡e|

Call Center: A call centre or call center is a centralized office used for the purpose of receiving and transmitting a large volume of requests by telephone. A call centre is operated by a company to administer incoming product support or information inquiries from consumers. Outgoing calls for telemarketing, clientele, product services, and debt collection are also made. In addition to a call centre, collective handling of letters, faxes, live chat, and e-mails at one location is known as a contact centre.

Alternate Banking Delivery Channels: Alternate banking delivery channels are new channels and methods for providing banking services directly to customers. We can include Internet banking channel, e-banking, intelligent electronic device, ATM, kiosk, or touch tone telephone credit cards, debit cards, net banking, home banking and mobile banking.

Email: Electronic mail, also known as email or e-mail, is a method of exchanging digital messages from an author to one or more recipients. Modern email operates across the Internet or other computer networks. Some early email systems required that the author and the recipient both be online at the same time, in common with instant messaging. Today's email systems are based on a store-and-forward model. Email servers accept, forward, deliver and store messages. Neither the users nor their computers are required to be online simultaneously; they need connect only briefly, typically to an email server, for as long as it takes to send or receive messages

Computer virus: A computer virus is a program or piece of code that is loaded onto your computer without your knowledge and runs against your wishes. Viruses can also replicate themselves. All computer viruses are man-made. A simple virus that can make a copy of itself over and over again is relatively easy to produce. Even such a simple virus is dangerous because it will quickly use all available memory and bring the system to a halt. An even more dangerous type of virus is one capable of transmitting itself across networks and bypassing security systems.

VIRUS stands for Vital Information Resources Under Siege.

Antivirus: A utility that searches a hard disk for viruses and removes any that are found. Most antivirus programs include an auto-update feature that enables the program to download profiles of new viruses so that it can check for the new viruses as soon as they are discovered.

Foreign Exchange:

F Authorised Dealer (AD): ‰e‡`wkK wewbgq msµvš— AvBb 1947 Gi aviv-2 Gi ÕKÕ Aby‡”Q` g‡Z, ÕAby‡gvw`Z wWjvi ej‡Z Ggb GKRb e¨vw³ ev cÖwZôvb‡K eySvq whwb D³ AvB‡bi 3 bs aviv e‡j wKQy mg‡qi Rb¨ ˆe‡`wkK wewbgq e¨emv Kivi AbygwZ †c‡q‡Qb|

F Direct Rate or Pense Rate: cÖwZ GKK ˆe‡`wkK gy`ªvi wewbgq nvi †`kxq gy`ªvq cÖKvk Kiv‡K Direct Rate or Pense Rate e‡j| †hgb- 1 $ = 80 BDT.

F Indirect Rate or Currency Rate: cÖwZ GKK †`kxq gy`ªvi wewbgq nvi ˆe‡`wkK gy`ªvq cÖKvk Kiv‡K Indirect Rate or Currency Rate e‡j| †hgb- BDT 1 = 0.0125.

F SWAP: SWAP ej‡Z †Kvb gy`ªvi bM` µq Ges GKB gy`ªvi AwMÖg weµq Kivi cÖwµqv‡K eySvq|

F Convertibility: Convertibility ej‡Z gy`ªvi i~cvš—i‡hvM¨Zv eySvq| AvBGgGd Gi m`m¨ wn‡m‡e evsjv‡`kx gy`ªv‡K 20.10.1993Bs Zvwi‡L PjwZ wnmv‡e Convertible †NvlYv Kiv nq|

F Pegging: Z…Zxq we‡k¦i gy`ªv mg~n Aev‡a iƒcvš—i‡hvM¨ bv Kivi †cÖw¶‡Z Gme †`‡ki gy`ªv‡K †Kvb GKwU Avš—-R©vwZK gy`ªvi mv‡_ m¤úwK©Z n‡Z nq| GB e¨e¯’v‡K Pegging e‡j|

F IMP (Import Form): Avg`vbxi wecix‡Z ˆe‡`wkK gy`ªv cwi‡kv‡ai ci IMP dig Øviv GwW kvLv KZ©„K evsjv‡`k e¨vs‡K wi‡cvU Ki‡Z nq| IMP Form 4 Kwc Bmy¨ Kiv nq:

ü 1g Kwc Øviv Avg`vbx msµvš— Z_¨vw` evsjv‡`k e¨vs‡K †cÖiY Ki‡Z nq|

ü 2q Kwc wej Ae Gw›Uªi mv‡_ g¨vwPs Ki‡Z nq|

ü 3q Kwc GwW kvLvq msi¶Y Kiv nq|

ü 4_© Kwc Øviv Avg`vbxK…Z cY¨ Kv÷gm †_‡K Qvo Kiv‡bv bv n‡j evsjv‡`k e¨vs‡K wi‡cvU© Ki‡Z nq|

F EXP (Export Form): ißvbx g~j¨ †`‡k Avbvi wbðqZv weav‡bi Rb¨ EXP dig Gi gva¨‡g GwW kvLv KZ©„K evsjv‡`k e¨vs‡K wi‡cvU© Ki‡Z nq| EXP Form 4 Kwc Bmy¨ Kiv nq:

ü 1g Kwc Kv÷gm KZ…©c¶ KZ…©K cÖZ¨qbc~e©K mivmwi evsjv‡`k e¨vs‡K †cÖiY Ki‡Z nq|

ü 2q Kwc ißvwbi 14 w`‡bi g‡a¨ GwW kvLv KZ…©K evsjv‡`k e¨vs‡K †cÖiY Ki‡Z nq|

ü 3q Kwc ißvwb g~j¨ cÖvwßi ci GwW kvLv KZ…©K evsjv‡`k e¨vs‡K †cÖiY Ki‡Z nq|

ü 4_© Kwc GwW kvLvi Awdm Kwc wnmv‡e msiw¶Z nq|

F TM (Travel and Miscellaneous Form): Avg`vbx e¨ZxZ Ab¨vb¨ mKj †¶‡Î †hgb- ågY, wk¶v, wPwKrmv wewea Kvi‡Y we‡`‡k ˆe‡`wkK gy`ªv †cÖiY Ki‡j TM Form Gi gva¨‡g GwW kvLv ¸‡jv‡K evsjv‡`k e¨vs‡K wi‡cvU© Ki‡Z nq|

F Form ’C’: we‡`‡k †_‡K †cÖwiZ gy`ªvi cwigvY 5000 ev Z`ya© gvwK©Y Wjvi Gi †¶‡Î Form ’C’ †Z gy`ªv †cÖi‡Yi D‡Ïk¨ D‡jL K‡i GwW kvLv ¸‡jv‡K evsjv‡`k e¨vs‡K wi‡cvU© Ki‡Z nq| Family Maintenance Gi †¶‡Î Form ’C’ Gi cÖ‡qvRb †bB|

F FMJ (Foreign Money & Jewellary): †Kvb evsjv‡`kx bvMwiK we‡`k †_‡K †`‡k wdi‡j 5000 ev Z`ya© gvwK©b Wjvi ev mgg~‡j¨i †h †Kvb ˆe‡`wkK gy`ªv m‡½ enb Ki‡j FMJ di‡g Kv÷gm KZ…©c‡¶i wbKU †NvlYv w`‡eb|

F LCAF (Letter of Credit Authorization Form): LCAF 6 Kwc Bmy¨ Kiv nq|

1g Kwc Exchange Monitoring Gi Rb¨ e¨eüZ nq|

2q Kwc Customs Purpose e¨eüZ nq|

3q Kwc Statistical Purpose e¨eüZ nq|

4_© Kwc CCI&E Gi Rb¨|

5g Kwc BB Registration Unig Gi Rb¨| Ges

6ô Kwc Awdm Kwc|

F Letter of Credit (L/C): A letter of credit is an irrevocable undertaking of the issuing bank to honor a complying presentation on behalf of the importer. (cÖZ¨qcÎ n‡”Q Avg`vbx Kvi‡Ki e¨vsK KZ…©K Bmy¨K…Z ißvwbKvi‡Ki cvIbv cwi‡kv‡ai wbðqZv cÖ`vb m¤^wjZ GKwU AcÖZ¨vnvi‡hvM¨ F‡bi `wjj hv Avš—R©vwZK evwb‡R¨ eûj e¨eüZ nq|)

As per UCP-600 (Article – 2), A credit (L/C) means any arrangement that is irrevocable and thereby constitutes definite undertaking of the issuing bank to honor a complying presentation.

F Add confirmed L/C: hLb Z…Zxq †Kvb e¨vsK L/C Gi †ewbwdwkqvi‡K GB g‡g© wbðqZv cÖ`vb K‡i †h, hw` Avg`vbxKvi‡Ki e¨vsK ev L/C Bmy¨Kvix e¨vsK D³ Gjwm-Gi cvIbv cwi‡kva Ki‡Z e¨_© nq Z‡e †m cvIbv cwi‡kva Ki‡Z eva¨ _vK‡e Z‡e Zv‡K Add confirmed L/C e‡j Ges confirm Kvix e¨vsK‡K confirming e¨vsK e‡j|

F L/C -Gi cÖK…wZ Abyhvqx mywbw`©ó †KvW b¤^i e¨envi Ki‡Z nq, hv wbæiƒc:

L/C -Gi cÖK…wZ	†KvW	L/C -Gi cÖK…wZ	†KvW
Cash L/C (Sight)	01	Deferred	02
Inland Back to Back (Sight)	03	Inland Back to Back (Usance)	04
Foreign Back to Back (Sight)	05	Foreign Back to Back (Usance)	06
Under Foreign Aid	07	Under Special Trade Agreement	08
EPZ (Cash/ Sight)	09	EPZ (Cash/ Usance)	10
EPZ (Back to Back/ Sight)	11	EPZ (Back to Back Usance)	12
Other L/C	13

F Buyer’s Credit: c‡Y¨i †µZv ev Avg`vbxKviK KZ…©K gvjvgvj RvnvRxKi‡Yi c~‡e©B c‡Y¨i g~j¨ we‡µZv ev ißvwbKviK‡K AwMÖg cÖ`vb Kiv n‡j Zv‡K Buyer’s Credit e‡j|

F Supplier’s Credit: we‡µZv ev ißvwbKviK KZ…©K c‡Y¨i g~j¨ `xN© †gqv‡` GKvwaK wKw¯—‡Z MªnY Kiv n‡j Zv‡K Supplier’s Credit e‡j|

F Lead Time: Back to Back L/C †Lvjv †_‡K gvjvgvj ˆZwi K‡i we‡`‡k ißvwbi D‡Ï‡k¨ RvnvRxKiY m¤úbœ Kiv ch©š— mgq‡K Lead Time e‡j| Lead Time K_vwU †`‡ki Mv‡g©›Um †m±‡i eûj cÖPwjZ|

F EDF (Export Development Fund): evsjv‡`‡ki ißvwbKviK‡`i mnvqZv cÖ`v‡bi Rb¨ evsjv‡`k e¨vsK KZ…©K MwVZ GKwU ¯‹xg| GB dvÛ †_‡K FY wb‡q ißvwbKviK Sight wfwË‡Z Back to Back L/C Lyj‡Z cv‡i| Single Case G 5.00 j¶ gvwK©b Wjvi ch©š— FY †`qv nq| Z‡e 15.00 j¶ gvwK©b Wjv‡ii †ewk e‡Kqv _vK‡Z cvi‡e bv| F‡Yi †gqv` 180 w`b Ges my‡`i nvi LIBOR (London Inter Bank Offering Rate)+1|

F Trigger: ‰e‡`wkK gy`ªvi µq-weµ‡qi †¶‡Î GKRb wWjvi‡K †jvKmv‡bi wbw`©ó mxgv †eu‡a †`qv nq| we‡kl Ae¯’vq D³ mxgv AwZµvš— n‡j KZ…©c¶‡K AewnZ K‡i KiYxq Rvb‡Z nq| GwU‡K Trigger e‡j|

F Factoring: Factoring GKwU Avw_©K †jb‡`b †hLv‡b we‡µZv Zvi fwel¨r cvIbv (A/c receivable) †Kvb Z…Zxq c‡¶i wbKU Zvr¶wbK A_© cÖvwßi Rb¨ wWmKvD‡›U wewµ K‡i|

ü Factoring Gi †¶‡Î L/C Bmy¨ nq bv ev †Kvb Bill of Exchange ˆZwi nq bv|

ü GLv‡b Invoice µq Kiv nq|

ü mieivnKvix/ we‡µZv c~‡e©B †Kvb e¨vsK ev Avw_©K cÖwZôv‡bi mv‡_ evKŠ‡Z wewµi wecix‡Z AwMÖg A_© cvIqvi Pzw³ K‡i|

ü e¨vsK Open A/c †Lv‡j Sales Ledger cwiPvjbv K‡i|

F Forfeiting: ißvbxKviK cY¨ ißvbxi wecix‡Z cÖvß Bill of Exchange A_ev Demand Promissory Note wWmKvD‡›U µ‡qi gva¨‡g ißvbxKvi‡K A_©vqb K‡i| G‡K Forfeiting e‡j|

F Back to Back L/C: ißvbxKviK Export L/C ev Master L/C ev Mother L/C e¨vs‡K wj‡qb †i‡L ißvbx cY¨ wKsev KvuPvgvj msMÖ‡ni Rb¨ Ab¨ GK ev GkvwaK L/C Lyj‡j Zv‡K Back to Back L/C e‡j| g~j Export L/C ÑGi wecix‡Z cÖZ¨vevwmZ ißvbx g~j¨ n‡Z Back to Back L/C Gi g~j¨ cwi‡kva Kiv nq|

F Balance of Payment: †Kvb wbw`©ó mg‡q (mvaviYZ GK ermi) GKwU †`‡ki Ab¨ †`‡ki m‡½ m¤úbœ nIqv mKj cÖKvi `„k¨gvb I A`„k¨gvb Avš—R©vwZK †jb‡`‡bi wnmve‡K Balance of Payment e‡j|

F Balance of Trade: †Kvb wbw`©ó mg‡q (mvaviYZ GK ermi) GKwU †`‡ki `„k¨gvb Avg`vbx I ißvbxi cv_©K¨‡K Balance of Trade e‡j|

F Banker’s Lien: FY ev wewb‡qv‡Mi wecix‡Z RvgvbZ MÖvn‡Ki ¯^Ë¡axb m¤ú` e¨vs‡Ki wbKU Rgv ev wj‡qb ivL‡j e¨vsK wj‡qbK…Z cÖ‡qvR‡b wewµ ev bM`vqb K‡i MÖvn‡Ki †Ljvcx `vq mgš^q Kivi AwaKvi‡K Banker’s Lien e‡j| Banker’s Lien †K Implied Pledge I ejv nq|

F Bill of Entry: Avg`vbxK…Z cY¨ †`‡k cÖ‡e‡ki cÖgvY¯^iƒc Kv÷gm KZ…©c¶ KZ…©K Bmy¨K…Z Ges ¯^v¶wiZ c‡Y¨i mwVK cwigvY, ¸YMZ gvb, g~j¨ BZ¨vw` m¤^wjZ cÖZ¨vqbcÎ‡K Bill of Entry e‡j|

F Bill of Lading: Rvnv‡R cY¨ †evSvB‡qi ci RvnvR KZ…©c¶ cY¨ †evSvB I fvov Pzw³ ¯^xKvi K‡i ivßvwbKviK‡K †h iwk` cÖ`vb K‡i Zv‡Z Bill of Lading e‡j| RvnvRx `wj‡j c‡Y¨i weeiY, cwigvb, g~j¨, mbv³KiY wPn , ißvwbKvi‡Ki bvg, RvnvR †Kv¤úvwbi bvg, cY¨ †evSvBKiY e›`i I Mš—e¨ e›`‡ii bvg, cÖ‡`q fvov Ges hvi wbKU cY¨ Lvjvm Kiv n‡e Zvi bvg wVKvbv BZ¨vw` mwbœ‡ewkZ _v‡K| Bill of Lading quati negotiable instrument. Bill of lading Act. 1856.

F Import Finance Mode for Islamic Bank:

ü Murabaha Import Bills (MIB)

ü Murabaha Post Import (MPI)

ü Murabaha Foreign Currency Investment (MFCI)

ü Bai-Muajjal Back to Back bills

ü Import under Mudaraba

ü Import under Musharaka

ü Import under HPSM

F Export Finance Mode for Islamic Bank:

ü Pre-shipment Export Finance Mode: Bai-Salam, Bai-Istishna, Bai-Murabaha, Bai-Muajjal, Mudaraba.

ü Post-shipment Export Finance Mode: Bai-as-Sarf (FDB), MDB

F Foreign Currency A/c 4 ai‡bi:

ü Private FC A/c: evsjv‡`kx bvMwiK we‡`‡k e¨emv Ki‡Qb wKsev Kg©iZ Av‡Qb, we‡`kx bvMwiK hviv evsjv‡`‡k Ae¯’vb Ki‡Qb, we‡`kx dvg©. †Kv¤úvbx wKsev wgkb hviv evsjv‡`‡k Av‡Qb ev e¨emv cwiPvjbv K‡ib Ges Zv‡`i Kg©KZv© ev Kg©Pvix, Avš—R©vwZK †Wvbvi G‡RÝx G ai‡bi wnmve Lyj‡Z cv‡i|

ü Resident Foreign Currency Deposit A/c (RFCD): evsjv‡`kx bvMwiK hviv mvgwqK mgq we‡`‡k Ae¯’vb K‡i †`‡k Avmvi mgq m‡½ K‡i ˆe‡`wkK gy`ªv wb‡q Av‡mb Zv Øviv Resident Foreign Currency Deposit A/c (RFCD) Lyj‡Z cv‡ib|

ü Non Resident Foreign Currency Deposit A/c (NFCD): evsjv‡`kx bvMwiK hviv PvKzix wKsev e¨emv K‡ib, hv‡`i ˆØZ bvMwiKZ¡ Av‡Q, we‡`kx bvMwiK hviv evsjv‡`‡k wewfbœ cÖwZôvb ev †Kv¤úvbx‡Z wewb‡qvMKvix Ges we‡`‡k ißvwbgyLx cÖwZôvb hviv ißvwb cÖwKqvRvZ GjvKvq e¨emviZ Zviv Gai‡bi wnmve Lyj‡Z cv‡ib|

ü Foreign Exchange Retention Quota A/c (ERQ): evsjv‡`kx ißvbxKviKMY ißvbx g~‡j¨i GKwU wbw`©ó cwigvY ˆe‡`wkK gy`ªv wnmv‡e Rgv ivL‡Z cv‡ib| ißvbxKviK‡`i Rb¨ †Lvjv G ai‡Yi wnmve‡K Exporter’s Retention Quota A/c (ERQ) ejv nq| cY¨ ißvwbi †¶‡Î FOB (Free on Board: cY¨ RvnvRxKiY ch©š— hveZxq LiP ißvwbKvi‡Ki| G‡¶‡Î RvnvR fvov (fraight) Avg`vbxKvi‡Ki) g~‡ji gv‡P©ÛvB‡R 50%, †iwW‡gBW Mv‡g©›Um, dv‡b©m †Zj I weUzwg‡bi Rb¨ 10% Ges †mevi Lv‡Zi 5% Exporter’s Retention Quota A/c (ERQ) G ivLv hv‡e|

About IBBL:

F Mission: To establish Islamic Banking through the introduction of a welfare oriented banking system and also ensure equity and justice in the field of all economic activities, achieve balanced growth and equitable development through diversified investment operations particularly in the priority sectors and less developed areas of the country. To encourage socio-economic upliftment and financial services to the loss-income community particularly in the rural areas.

F Vision: Our vision is to always strive to achieve superior financial performance, be considered a leading Islamic Bank by reputation and performance.

Our goal is to establish and maintain the modern banking techniques, to ensure soundness and development of the financial system based on Islamic principles and to become the strong and efficient organization with highly motivated professional, working for the benefit of people, based upon accountability, transparency and integrity in order to ensure stability of financial systems.

We will try to encourage savings in the form of direct investment.

We will also try to encourage investment particularly in projects which are more likely to lead to higher employment.

F Strategic Objectives:

1. To ensure customers' satisfaction.

2. To ensure welfare oriented banking.

3. To establish a set of managerial succession and adopting technological changes to ensure successful development of an Islamic Bank as a stable financial institution.

4. To prioritize the clients welfare.

5. To emerge as a healthier & stronger bank at the top of the banking sector and continue stable positions in ratings, based on the volume of quality assets.

6. To ensure diversification by Sector, Size, Economic purpose & geographical location wise Investment and expansion need based Retail and SME/Women entrepreneur financing.

7. To invest in the thrust and priority sectors of the economy.

8. To strive hard to become an employer of choice and nurturing & developing talent in a performance-driven culture.

9. To pay more importance in human resources as well as financial capital.

10. To ensure lucrative career path, attractive facilities and excellent working environment.

11. To ensure zero tolerance on negligence in compliance issues both sharia'h and regulatory issues.

12. To train & develop human resources continuously & provide adequate logistics to satisfy customers' need.

13. To be excellent in serving the cause of least developed community and area.

14. To motivate team members to take the ownership of every job.

15. To ensure development of devoted and satisfied human resources.

16. To encourage sound and pro-active future generation.

17. To achieve global standard.

18. To strengthen corporate culture.

19. To ensure Corporate Social Responsibilities (CSR) through all activities.

20. To promote using solar energy and green banking culture and ecological balancing.

F Core Values:

1. Trust in Almighty Allah

2. Strict observance of Islamic Shari'ah

3. Highest standard of Honesty, Integrity & Morale

4. Welfare Banking

5. Equity and Justice

6. Environmental Consciousness

7. Personalized Service

8. Adoption of Changed Technology

9. Proper Delegation, Transparency & Accountability

F Commitments:

1. To Shariah

2. To the Regulators

3. To the Shareholders

4. To the Community

5. To the Customers

6. To the Employees

7. To other stakeholders

8. To Environment

F Corporate Information:

Date of Incorporation : 13^th March 1983

Starting of 1^st Br (Local Office) : 30^th March 1983

Formal Inauguration : 12^th August 1983

Authorized Capital : 2000 Crore

Paidup Capital : 1609.99 Crore

Share of Capital : Local 32.49%, Foreign 67.51%

Zone : 14, 1 Corporate Zone

Branch : 294

Equity : 4856.99 Crore

Deposit : 57690.71 Crore

Investment : 58336.40 Crore

FEx Business : 4421.53 Crore

Manpower : 13349

AD Branches : 54 +1 AD Lisence for IBW-TFMD

Slogan of the Year 215 : Towards Development and Excellence

F Deposit Products:

ü Deposit Products in Local Currency:

1. AI-Wadeah Current Account (AWCA)

2. Mudaraba Savings Account (MSA)

3. Mudaraba Special Notice Account (MSNA)

4. Mudaraba Special Savings (Pension) Account (MSSA)

5. Mudaraba Term Deposit Account (MTDA)

6. Mudaraba Savings Bond Account (MSBA)

7. Mudaraba NRB Savings Bond {M(NRB)SB}

8. Mudaraba Hajj Savings Account (MHSA)

9. Mudaraba Waqf Cash Deposit Account (MWCDA)

10. Mudaraba Monthly Profit Deposit Account (MMPDA)

11. Mudaraba Muhar Savings Deposit Account (MMSDA)

12. Students Mudaraba Savings Account (SMSA)

13. Mudaraba Farmers Saving Account (MFSA)

14. Mudaraba Upohar Deposit Scheme (MUDS)

ü Deposit products in Foreign Currency:

1. Mudaraba Foreign Currency Account (MFCA)

2. Mudaraba Exporters' Retention Quota Account (MERQ)

3. Foreign Currency Account (FCA)

4. Foreign Currency Account (ERQ)

5. Resident Foreign Currency Deposit Account (RFCD)

6. Non-Resident Foreign Currency Account of Exchange Houses/Banks

7. Non-Resident Investors Taka Account (NITA) for Foreign Portfolio Investors

8. Non-Resident Taka Account (NRTA) for Foreign Direct Investors

9. Foreign Currency Account for EPZ Companies (FCA-EPZ)

10. Foreign Currency Account of EPZ Enterprise

F Investment Products & Schemes:

ü Investment Products:

1. Bai-Murabaha

2. Bai-Muajjal

3. Bai-Istijrar

4. Bai-Salam

5. Bai-Salam (Pre-shipment)

6. Bai-Istisna

7. Mudaraba

8. Musharaka

9. Musharaka Documentary Bill (MDB) Inland

10. Musharaka Documentary Bill (MDB) in Foreign Currency

11. Musharaka Investment in Potato Storage

12. Hire Purchase under Shirkatul Melk (HPSM)

13. Murabaha Post Import (MPI)

14. Murabaha Import Bills (MIB)

15. Murabaha Import LC

16. Murabaha Foreign Currency Investment (MFCI) under EDF

17. Murabaha Foreign Currency Investment (MFCI) under Balance of MFCD A/C

18. Bai-Muajjal Back to Back Bills

19. Bai-as-sarf (Foreign Documentary Bill: FDB)

20. Bai-as-sarf (Foreign Currency Cheques/Drafts: FCD)

ü Welfare-oriented Investment Schemes:

1. Household Durable Scheme (HDS)

2. Housing Investment Scheme (HIS)

3. Real Estate Investment Program (REIP)

4. Transport Investment Scheme (TIS)

5. Car Investment Scheme (CIS)

6. Investment Scheme for Doctors (ISD)

7. Small Business Investment Scheme (SBIS)

8. Agriculture Implements Investment Scheme (AIIS)

9. Rural Development Scheme (RDS)

10. Micro Enterprise Investment Scheme (MEIS)

11. Urban Poor Development Scheme (UPDS)

12. Micro Industries Investment Scheme (MIIS)

13. Women Entrepreneurs Investment Scheme

14. Palli Griha Nirman Beniyog Prakalpa

15. NRB Entrepreneurs Investment Scheme (NEIS)

16. Solar Panel Investment Scheme (SPIS)

F Offshore Banking Unit (OBU) Products:

ü Deposit Products:

1. AI-Wadeah Current Account (FCA)

2. Mudaraba Savings Account (MFCA)

ü Investment Products:

1. Bill Financing under Mudaraba Documentary Bills (Mura-UPAS) against Usnace import Bills

2. Bill Financing under Mudaraba Documentary Bills (HPSM-UPAS) against Usnace import Bills

3. Bill Financing under Mudaraba Investment for MDB in FC against Inland Export Bills

4. Import Financing

5. Export Financing

6. Short term Murabaha

7. Pre-Shipment Financing (Bai-Salam in FC)

8. Post-Shipment Financing (Bai-as-Sarf, MDB in FC)

9. Project Finance (HPSM investment)

F Remittance Services:

ü Foreign Remittance Services:

1. Central Crediting Account

2. Payment of 3^rd Bank Remittance through TT& PO

3. Payment of Spot Cash Remittances

4. Centrally NRB Accounts Opening

5. SMS Notification

6. SMS Push Pull Service

7. Maintenance of NRD & NRT Account

ü Inward remittance:

1. Electronic Fund Transfer

2. Spot Cash

3. Application for Programming Interface

4. Encashment of cash Foreign Currency

5. Collection of FC. Cheques/Drafts

6. Payment of Foreign TT & DD (FTT & FDD)

ü Outward Remittance:

1. Travel purpose

2. Study purpose (Student File)

3. Medical purpose

4. Issuance of Foreign TT & DD (FTT & FDD)

5. Selling/Issuance of Foreign Currency note

6. Travel Pre-paid Card

7. Commercial Remittance

8. Different Private Remittance

F Treasury Activities:

ü Dealing Room Operations:

1. Foreign Exchange Operations

2. Money Market Operations

ü Money Market operations

1. Placement to other Islami bank & Financial Institutions

2. Bangladesh Government Islamic Investment Bond (BGIIB)

3. Islamic Interbank Fund Market (IIFM)

F Technology Based Services:

ü Any Branch Banking Services:

1. Largest countrywide online banking facilities

2. Lowest fees for online deposit across the country

3. Charge Free for depositing Tk. 1,00,000/- within Divisional City

4. Any branch cash deposit

5. Quickest fund transfer

6. Charge free for Investment recovery/disbursement

ü Cash Service:

1. 450 Own ATM booths and above 4000 shared ATM

2. 8 IDM (Islami Bank Deposit Machine)

3. Connectivity with OMNIBUS & VISA network

4. 24 hour support service for ATM

5. ATM card

6. Hajj card service

7. Visa Debit Card

8. Travel card

9. Khidmah Credit Card

10. Salary Card

ü Corporate Services:

1. Free/reduced charges of ATM

2. Standing Instruction facility for depositing MSS & Hajj A/c

3. Existing BEFTN facilities through Bangladesh Bank

4. Existing BACPS service through Bangladesh Bank

5. Crediting salary within one hour throughout the Country

6. Centralized foreign trade processing system

7. IBBL Online money transfer

ü Other Value Added Services:

1. Payment Order (PO)

2. Demand Draft (DD)

3. Telegraphic Transfer (TT)

4. Locker

5. Quard against TDR

6. Counseling

7. IBBL Web portal facility

8. Letter of Credit

9. Back to Back Letter of Credit

10. Bank Guarantee

11. Foreign Bank Guarantee

12. Export Bills Collection

13. Substitute Cash Assistance

14. SWIFT

15. Automated Clearing

16. IBBL Call Center

17. Phone Banking

18. Payment Gateway

19. Point of Sale (POS)

20. Islami Bank Service Centre

ü Upcoming Services:

1. Upcoming debit facility from POS with Biometric option

2. mCash withdraw From ATM

3. Full fledge corporate banking module

4. Centralized Investment Proposal Processing System

Resident and Non-Resident

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A resident is a person bank or firm who/which resides in Bangladesh.
A non-resident is a person, bank or firm who/which resides outside Bangladesh. Non-residents include Bangladesh nationals who go out of Bangladesh for any purpose .
A person is presumed to be ordinarily resident if he maintains a home in Bangladesh or resides in the country for a substantial part of each year or pays income tax as a resident of Bangladesh.
On the other hand, the fact that a person gives an address in Bangladesh does not necessarily mean that he should be regarded as a resident if he is, in fact, only a temporary visitor and is ordinarily resident elsewhere.
Chapter-1, Section-7 (i)

Deposit Insurance Trust Fund (DITF)

2015-05-19T02:49:00.000-07:00

What is meant by Deposit Insurance Trust Fund (DITF)?
In accordance with the provision of the "Bank Amanat Bima Ain 2000 (The Bank Deposit Insurance Act, 2000)", premium collected from insured banks and all other receivables are deposited into an account called Deposit Insurance Trust Fund (DITF).

Who is the Chairman of the Trustee Board?
The Governor of Bangladesh Bank who is the Chairman of the Board of Directors of Bangladesh Bank is also the Chairman of the Trustee Board.

How many members are in the Trustee Board?
All the members of the Board of Directors of Bangladesh Bank are the members of the Trustee Board. At present 9 (nine) members are in the trustee Board.

How the DITF (Deposit Insurance Trust Fund) is utilized?
As per the existing decision of the Trustee Board, the DITF is invested in the Government Treasury
Bond/bill and the Income derived from such investment is also credited to the DITF Account. At present fund is invested only in 5 years and 10 years Bangladesh Govt. Treasury Bond (BGTB).

Who are authorized to invest/manage the DITF fund?
Trustee Board of DITF is responsible for managing DITF. The Deposit Insurance Department (DID) of Bangladesh Bank is entrusted with the responsibilities of managing the fund.

What is DIS?

2015-05-19T02:46:00.001-07:00

What is DIS?
Deposit Insurance Systems is an institutional initiative to protect depositors against the loss of their deposits in the event that a scheduled bank goes into liquidation.

What are the objectives of Deposit Insurance Systems (DIS)?
The important objectives of DIS are:
Protect small depositors
Enhance public confidence
Enhance stability of the financial system
Increase savings and encourage economic growth
Enhancing more propitious bank services

When DIS was introduced in Bangladesh?
In Bangladesh Deposit Insurance was introduced in August, 1984.

Which banks are insured by the DIS?
All scheduled banks/commercial banks including the branches of foreign banks functioning in Bangladesh are insured by the DIS.

What does the DIS insure?
The DIS insures all deposits such as savings, fixed, current, recurring, etc. deposits except the following types of deposits:
1. Deposits of foreign Governments
2. Inter-bank deposits
3. Deposit from the Government of Peoples Republic of Bangladesh;
4. Any amount due on account depositors;
5. Any amount, which has been specifically exempted by the DIS with the previous approval of Bangladesh bank.

By Which law/Act the DIS is operated?
"Bank Amanat Bima Ain 2000 (The Bank Deposit Insurance Act, 2000)".

What is the basis of determining the premium of DIS?
As per "Bank Amanat Bima Ain 2000 (The Bank Deposit Insurance Act, 2000)", premium is determined on a half yearly basis, i.e. January-June and July-December sessions.

Foreign Exchange Market

2015-05-18T20:20:00.000-07:00

Spot Market:
Where exchange of one currency for another currency being happened on the spot or within two Banking days.
Forward Market:
Where actual transaction or delivery of Foreign Currency to be happened at a future date of period as per today's agreement.
Future Market:
Where two parties agreed to buy or sell a fixed quantity of particular commodity, currency or security for delivery at a fixed date in the future at a fixed price. It obliged a definite purchase or sell and not an option to buy or sell. In these transactions small security deposit is required.
Option Market:
An option is a contract specifying the right to buy or sell (by the buyer of the contract) a standard amount o foreign exchange with in a specific date at a certain price. A call option confers the right to buy and a put option confers the right to sell. Buyer of the contract has the right not to buy or sell. If he lapses the deal he will loss only option money.

EXP Form

2015-05-16T09:22:00.000-07:00

EXP Form means Export Form which is used to export any commodity to abroad. It is a prescribed form by Bangladesh Bank in Appendix 5/19 of Guidelines For Foreign Exchange Transations.

Branch (AD) will certify EXP Form only after confirming the following:
i. Arrangements have been made for realization of Export proceeds.
ii. Bonafide importer/consignee abroad
iii. EXP has been signed by the Exporter
iv. Arrangement has been made for receipt by Authorized Dealer of documents of title to goods.

Contents of EXP:
EXP No., Exporters registration no., goods details, shipment details, signature of exporter, certification of AD etc.

LCAF-Letter of Credit Authorization Form

2015-05-16T09:09:00.000-07:00

LCAF stands for Letter of Credit Authorization Form. It is mainly application for permission for opening LC as well as importing of goods into Bangladesh and remittance there against. So it is used for opening LC, releasing goods and remittance there against.

Bank should ensure while issuing LCAF:
Valid Import Registration Certificate (IRC)
Renewal of IRC
Item to be imported is eligible as per IPO (Import Policy Order)

Purpose of LCAF:
Allowing imports, releasing goods and remittance there against.

There are five copies in each set of LCAF., The use of each copy are:
Original-For Exchange monitoring purpose: For opening LC and for effecting remittances
Duplicate-Custom purpose: For releasing goods
Triplicate and Quardruplicate- For controlling agency (will be send to the CCI&E along with LC copy)
Quintuplicate - Office copy

BRICS: New Development Bank

2015-05-13T22:07:00.002-07:00

BRICS
BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China, and South Africa. The grouping was originally known as "BRIC" before the inclusion of South Africa in 2010. It is typically rendered as "the BRIC countries" or alternatively as the "Big Four".

The BRICS members are all developing or newly industrialized countries, but they are distinguished by their large, fast-growing economies and significant influence on regional and global affairs; all five are G-20 members.

BRICS and Bangladesh
Some developing countries like Indonesia, Turkey, Argentina, Egypt, Iran, Nigeria and Syria have expressed an interest in joining BRICS. Bangladesh is also willing to join the newly-formed BRICS New Development Bank(NDB) though the bank is yet decide on whether it would include any country outside the five founder nations. However, finance ministry sources said the Economic Relations Division has sent a letter to Bangladesh ambassadors in the five countries to enquire whether the country can join the bank. Bangladesh has also communicated to Indian High Commissioner in Dhaka Pankaj Saran its willingness to become a member of NDB

References
1. http://en.wikipedia.org/wiki/BRICS <accessed <01/09/2014>
2. http://www.theguardian.com/business/2014 < accessed 01/09/2014>

The General Council for Islamic Banks and Financial Institution(CIBAFI)

2015-05-13T21:38:00.001-07:00

CIBAFI:

The General Council for Islamic Banks and Financial Institution (CIBAFI) is one of the 4 "I's"
International Islamic Infrastructure Institutions. It is a non-profit organization and it was
established and hosted in the Kingdom of Bahrain on May 16, 2001. It is an affiliated organ to
the Organization of Islamic Cooperation (OIC). The council membership includes a large
number of banks and financial institutions registered in various countries around the world
regulated by central banks. CIBAFI has been headquartered in Bahrain due to its positioning
in the Arab and global financial industry.

Vision
To participate efficiently and effectively in supporting a universal Islamic economic system.
Mission
To represent the Islamic Finance Industry globally. To participate in defending and protecting its ro
and to offer support for its expansion
Objectives
1. Promote Islamic financial institutions, disseminate concepts, develop and promote Islamic
financial industry.

2. Consolidate co-operation among members of the Council and similar institutions in ar
which serve the common objectives.
3. Provide information related to Islamic banks and financial institutions and relevant Islamic
organizations.
4. Promote members’ interests; protect the industry and its safe course, confront the common
difficulties and challenges and promote cooperation among members.

CIBAFI Certifications & Diploma

CIBAFI issues various professional certificates that meet the various requirements of
international training standards.

Professional Certificates:
· The Certified Islamic Banker
· The Certified Islamic Specialist in Capital markets
· The Certified Islamic Specialist in Trade Finance
· The Certified Islamic Specialist in Takaful
· The Certified Islamic Specialist in Accounting
· The Certified Islamic Specialist in Governance and Compliance
· The Certified Islamic Specialist in Risk Management.

Professional Diplomas:
· Professional Advanced Diploma in Shari’a Auditing
· Professional Diploma in Accounting in IFIs
· Professional Diploma in Risk Management in IFI

The Blue Economy

2015-05-13T21:26:00.001-07:00

The Blue Economy:
The Blue Economy is a concept designed in 1994 by Gunter Pauli. Itʹs a way of doing business in the world
of tomorrow ‐ combining profitability, sustainability and scientific knowledge.
The Blue Economy entered the UN lexicon during the 2011 ‐12 preparations for the Rio+20 Conference.

Blue Planet

Oceans cover 72% of the surface of our blue planet and constitute more than 95% of the biosphere. Life originated in the oceans and they continue to support all life today by generating oxygen, absorbing carbon dioxide, recycling nutrients and regulating global climate and temperature. The oceans are in a very real sense the bloodstream of our planet.
Oceans provide a substantial portion of the global population with food and livelihoods for large numbers of people ‐over three billion –who depend upon them and are the means of transport for 80% of global trade.
Ocean resources are the major source of protein for more than 2.6 billion people globally and are a regulator of greenhouses gases by capturing and storing 30% of the carbon humans produce. The sea also offers vast potential for renewable “blue energy” production from wind, wave , tidal, thermal and biomass sources.

Goal of Blue Economy
The primary goal of the Blue Economy is to identify examples in nature where organic recycling or up-cycling occurs and mimic these processes to find out where and how the waste that we generate can be innovatively used again.

Blue Economy –Issues
• Sustainable use of biodiversity
• Food security
• Unsustainable Fisheries
• Climate change and managing carbon budgets
• Marine and coastal tourism.

Blue Economy –Opportunities
• Shipping and Port Facilities
• Fisheries
• Tourism
• Aquaculture
• Energy
• Biotechnology
• Submarine mining

References:
1. The Blue Economy ‐ Wikipedia, the free encyclopedia.
2. The Blue Economy by Gunter Pauli.
3. Blue Economy Concept Paper of Third International Blue Economy Summit, 2014.

The Office of Foreign Assets Control (OFAC)

2015-05-10T21:26:00.001-07:00

The Office of Foreign Assets Control (OFAC) is a financial intelligence and enforcement agency of the U.S. government charged with planning and execution of economic and trade sanctions in support of U.S. national security and foreign policy objectives. Acting under Presidential national emergency powers, OFAC carries out its activities against foreign states - such as Russia and Iran - as well as a variety of problematic organizations and individuals deemed to be a threat to U.S. national security.
Involvement of the U.S. Department of the Treasury in economic sanctions against foreign states dates to the War of 1812, when Secretary Albert Gallatin administered sanctions against Great Britain in retaliation for the harassment of American sailors.
The Division of Foreign Assets Control was established in the Office of International Finance by a Treasury Department order in 1950, following the entry of the People's Republic of China into the Korean War; President Harry S Truman declared a national emergency and blocked all Chinese and North Korean assets subject to U.S. jurisdiction. In addition to blocking Chinese and North Korean assets.
OFAC is responsible for administering the Specially Designated Nationals (SDN) List. The list is a publication of OFAC which lists individuals and organizations with whom United States citizens and permanent residents are prohibited from doing business.

ref:
http://en.wikipedia.org/wiki/Office_of_Foreign_Assets_Control