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An international bank can be a great solution for anyone who resides in an area of political or economic uncertainty. Many savvy investors use international banks to ensure that their investments are insulated from any potential upheavals. An international bank will usually allow you to deposit funds in the currency of your choice, which is another way that an international bank can insulate you from potentially damaging currency fluctuations should your country be at risk for unsuitability. International banks usually operate under stricter norms of customer privacy than do national banks. An international bank may serve as a taxation haven if you are concerned about extensive taxation liability through dealing with banks in your home country. International banks will also pay interest on investments without tax deducted. This international bank difference could result in substantial increases in investment gains, depending on banking laws in your country of residence. Many people don't know much about international banks, other than the publicity they get through occasional news reports, about money laundering by organized crime through an international bank. It is assumed by many that the services of an international bank are only for the very wealthy, but in reality, anyone can benefit from the increased income generating possibilities of an international bank. Talk with your financial adviser about the benefits an international bank might offer you and your family |
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Banking on Sharia Principles - Islamic Banking and the Financial Industry
By Linda Eagle
There are an estimated 1.61 billion Muslims worldwide, making Islamic banking one of the fastest growing segments of the financial industry. Banks serving the Islamic population must comply with several very specific principles of Islamic law if they hope to retain existing customers and attract new ones. Banks must be ready with specialized products and services and they must put programs in place to train their personnel to support these products and services in order to exist in this competitive marketplace.
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Overview of Zimbabwean Banking Sector (Part One)
By Dr Tawafadza A. Makoni
Entrepreneurs build their business within the context of an environment which they sometimes may not be able to control. The robustness of an entrepreneurial venture is tried and tested by the vicissitudes of the environment. Within the environment are forces that may serve as great opportunities or menacing threats to the survival of the entrepreneurial venture. Entrepreneurs need to understand the environment within which they operate so as to exploit emerging opportunities and mitigate against potential threats. This article serves to create an understanding of the forces at play and their effect on banking entrepreneurs in Zimbabwe.
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