Concepts of the Holy Spirit

Concepts of the Holy Spirit Pneumatology I believe in the Holy Spirit, that He is the third Person of the Trinity, He is fully God, He convicts the world of sin, righteousness, and judgment, and He carries out the work of sustaining and empowering believers to live properly as children of God The Person of the Holy Spirit: I believe that the Holy Spirit is the third person of the Trinity and, as such, is deity (Acts 5:3-4). He exists co-equally and co-eternally with the Father and the Son (2 Cor. 13:14; 1 Pet. 1:1-2). His divinity is shown in how He is presented as equal with the Father and the Son (Matt. 28:19; 1 Cor. 12:4-6), by His names Spirit of God or Spirit of Christ (Gen. 1:2; Rom. 8:9), by His ability to give new life (John 6:63; Rom. 1:4; 8:2-11; 2 Cor. 3:6) and by His full knowledge of the thoughts of God (1 Cor. 2:10-11). He is personal in nature. He is said to understand the mind of God and to search out all things (1 Cor. 2:10-11) which emphasizes knowledge and intellect. He has a will and He chose to distribute spiritual gifts to the Church according to His will (1 Cor. 12:11). He commands believers to do certain tasks (Acts 8:29). He testifies of Jesus and bears witness that He is indeed from the Father and does so for those He indwells (Jn. 15:26-27). He teaches believers (Jn. 14:26) a nd guides them in all the truth of God (Jn. 16:13). He can be resisted (Acts 7:51), lied to (Acts 5:19), grieved (Eph. 4:30), and quenched (1 Thess. 5:19). The Work of the Holy Spirit: I believe that the Holy Spirit was active in creation (Gen. 1:2) and in empowering specific Old Testament people for particular acts of service (Num. 11:26-29; 24:2; Judg. 14:6). He was instrumental in the giving of prophesy and Scripture. Ezekiel said that the Spirit came into me causing him to speak the truth to Gods people (Ez. 2:2). The Holy Spirit was involved in the virgin birth of Christ (Matt. 1:20; Luke 1:35), came upon Jesus at His baptism (Matt. 3:16-17), and strengthened Jesus throughout His earthly ministry (Matt. 4:1; 12:28). I believe that the Holy Spirit superintended the writing of the Scripture to ensure the precise results God wanted (2 Peter 1:20-21). The Spirit works in the lives of unbelievers convicting them of their sinful state before God and of the impending judgment (John 16:8). The Spirits work in believers heightened at Pentecost (Acts 2). The Spirit works in New Testament believers for the glory of Christ (John 16:13-14). He is responsible for regeneration (John 3:3, 5; Titus 3:5; 2 Thess. 2:13). He indwells every believer at conversion (Rom. 8:9) and is involved in incorporating believers into the body of Christ (1 Cor. 12:13). The Spirit seals believers until the day of redemption (Eph. 4:30). He is the guarantee of future salvation (Eph. 1:13-14; Rom. 8:23). The Spirit empowers believers for daily living and for service (Acts 1:8; Gal. 5:16-25), provides assurance of salvation (Rom. 8: 16), is intricately involved in the sanctification and spiritual maturity of the believer as the Christians helper and comforter (Jn. 14:16), and leads believers to be holy (Rom. 8:13-15). Baptism in the Spirit is a one-time experience for each believer that happens at conversion (Acts 1:5; 2:38; 1 Cor. 12:13). From conversion on, each believer is to be strongly influenced by the Spirit (Eph. 5:18). The believer never receives more of the Spirit after conversion, but throughout the Christian life, the Spirit ought to influence the believer more and more as the believer responds rightly to the Spirits work through the Word. The Spirit promotes unity in the body of Christ through the various gifts (1 Cor. 12). Spiritual gifts include individuals specially given by Christ such as pastors and teachers (Eph. 4:11), as well as abilities endowed by the Spirit for the good of the body of Christ (1 Cor. 12:4-11; Rom. 12:6-8; 1 Pet. 4:10-11). Apostles and prophets formed a unique role in the formation of the church (Eph. 2:20) and still minister to the church today through the Scriptures they wrote. However, there are no apostles and prophets today. The Spirit gives gifts to individual believers as He wills (1 Cor. 12:11). The record of Scripture (Acts 2, 10, 19; Heb. 2:1-4) and church history suggest that several of the gifts such as healing, miracles, and tongues were confirmatory and temporal in nature, in that they confirmed Gods unique working through the apostles and the early church, but in a short while fell off the scene. What is most important is that love drives all use of the spiritual gifts (1 Cor. 13), that gifts are practiced in accordance with Scriptural guidelines (1 Cor. 14:40), and that believers focus on edifying others through their God-given abilities and gifts (1 Cor. 14:12, 26), rather than tearing others down and exalting themselves. Ecclesiology I believe that the church, of which Christ is the head, is one universal and spiritual body, gathered in local bodies, to whom has been committed the ordinances of believers baptism and the Lords Supper, with the corporate purpose of glorifying God through worship, the edification of the saints, and the communication of the gospel to the world. The Universal Church: I believe that all those who place their faith in Christ are baptized in the Holy Spirit and placed into the church (1 Cor. 12:12-13), which is one universal and spiritual body (Eph. 1:22-23; 2:21-22; 4:4-6). Christ is both the builder of the church (Matt. 16:18) and the head of the church, giving direction to the church and ruling over the church (Eph. 5:23; Col 1:18). Christ nourishes and cherishes the church (Eph. 5:29-30), adds numerically to the church (Acts 2:47), and causes spiritual growth within the church (Eph. 4:15-16). As the body of Christ, the church exists to bring glory to God (Eph. 3:20-21) and to represent Christ to the world (John 17:18; Eph. 1:22-23). The church brings glory to God through worship (John 4:23-24; Col. 3:16-17), through building itself up in the faith (Acts 2:41-42; Heb. 10:24-25), through submission to the Word (James 1:19-25; 1 Pet. 1:22-2:3), and through communicating the gospel to the world (Matt. 28:19-20). I believe that the church, as a united international body of Jewish and Gentile believers, is a mystery, not fully disclosed until this age (Eph. 3:3-6; Col. 1:25-27). The church is testified to by Jesus (Mat. 16:18-19; 18:15-17; Acts 1:5), began at Pentecost (Acts 2), but will not be fully completed until Christ comes to take up His bride (1 Thess. 4:13-18). While the church is a part of the people of God of all ages who have been saved by grace through faith (Rom. 4:16; Gal. 3:29), the church is similar to, but distinct from, the nation Israel (Rom. 11:23-27; 1 Cor. 10:32), which still has a role in Gods purposes. The Local Church: I believe that the local church is the visible representation of the universal church, although believers may at times exist outside of a local church and false converts may at times be present in a local church (1 John 2:19). The local church gathers in organized (1 Cor. 14:40), local (Acts 11:22; Acts 13:1) assemblies for the equipping of the saints for the work of the ministry (Eph. 4:11-16), all to the glory of God. The local church is a fellowship of true followers of Jesus Christ who are individually priests before God (1 Pet. 2:5, 9) and is characterized by unity in diversity (1 Cor. 12; Rom. 12:4-8). Every believer ought to be accountable to (Matt. 18:15-17) and actively involved in a Bible-preaching local church, so that he or she may participate in the edification of the saints and be built up personally into the likeness of Christ (Heb. 10:23-25). I believe that the local church has been given apostles and prophets as foundational gifts and that the local church still benefits from these gifted people through the Scriptures (Eph. 4:11; 2:20). I believe that the local church has been given two primary offices for today: elders or overseers (often called pastors) (Eph. 4:11; 1 Tim. 3:1-7; Titus 1:5-9; 1 Pet. 5:1-2) and deacons (Phil. 1:1; 1 Tim. 3:8-13). Elders and deacons must meet certain qualifications to serve in these capacities (Titus 1:5-9; 1 Tim. 3:1-13). The elders primary role in the body is to lead the flock spiritually through his own example, through prayer, and through feeding the flock through the preaching and teaching of the Word (1 Pet. 5:2; Acts 20:28). The deacons are those whose primary role is to serve the body in whatever way is needed. In the early church, women were actively involved in church ministry, both publicly and privately, in such capacities as teaching women (Titus 2:3-5), evangelizing and discipling believers (Acts 18:26; 2 Tim. 1:5; 3:14-15), laboring in gospel ministry (Rom. 16:3-4; Phil. 4:3), being a servant and patron of the church (Rom. 16:1-3), and praying and prophesying in public worship (1 Cor. 11:2-16). At the same time, though women play critical roles in the life of the church, both privately and publicly, the New Testament also upholds a distinction for the role of women in regard to the public ministry of proclaiming the Word (1 Tim. 2:11-15). Only men are to hold the office of overseer (1 Tim. 3:1-7) and to exercise authority in the church over men in the public teaching of the Word (1 Tim. 2:11-15). I believe that the local church has been given two ordinances: baptism (Matt. 28:19) and the Lords Supper (1 Cor. 11:23-32). Baptism is to be done soon after conversion and by immersion in water (Acts 2:41; 8:36-38; 10:47; 16:33). It is a public, external signification of the inward change that God has worked in the heart (Rom. 6:2-4). The believer has died to sin and has been raised to walk in the newness of life. The Lords Supper also functions as a symbolic reminder of the redemptive work of Christ (Luke 22:19-20; 1 Cor. 11:24-25). It is to be a time of unity, confession and forgiveness, and a time of looking forward to Christs return (1 Cor. 11:23-32). The ordinances point the believer back to the cross and Christs transforming work in our lives and in this way serve to strengthen believers and to encourage them to continue in the faith. I believe that the local church and its members are to be holy and unstained by the world (James 1:27; 1 John 2:15-17; 1 Pet. 1:13-16). In addition, the Scriptures clearly affirm that there will be many false teachers who try to lead the church away from Christ (2 Pet. 2:1-3; 2 Tim. 4:3-4). I believe that the local church and its members must beware of and repudiate false teaching (1 John 4:1; Rom. 16:17; 2 Cor. 6:14-17). I believe that the local church and its members are also to be separated from erring brothers (2 Thess. 3:6-15; 1 Cor. 5:9-11; Titus 3:10-11). This separation is to be practiced through the discipline of wandering members in the hopes of restoration (1 Cor. 5; 2 Thess. 3:15; Matt. 18:15-17; Gal. 6:1-2). This separation also ought to be practiced at an ecclesiastical level to preserve the truth of the gospel. It is our sharing in the gospel and in the Spirit that creates unity in the body of Christ (Eph. 4:1-6). If the clarity of the gospel is at stake, a firm stand must be made that clearly identifies the church and its members with the pure gospel of grace (Gal. 1:6-10; 2:11-14; Phil. 3:1-3). Eschatology I believe that Jesus is coming again as King and Judge to be united with His Bride, to inflict judgment on all those who have not obeyed the gospel, and to establish His kingdom in fulfillment of the promises of Scripture. The Eternal State: I believe that physical death involves the separation of the soul from the body (James 2:26; Phil. 1:22-24). For a believer, death means the immediate entrance of the spirit into the presence of the Lord (2 Cor. 5:8; Phil. 1:23). The spirit of the unrighteous enters hell, a place of torment and punishment (Luke 16:19-31; 2 Pet. 2:9; Rev. 20:13-14). This intermediate state is a conscious existence for all who die as they await their bodily resurrection the righteous unto imperishable, glorified bodies (Rom. 8:10-11; 1 Cor. 15:24-54) while the unrighteous unto eternal disgrace and corruption (Rev. 20:11-15; John 5:28-29). The righteous will be judged and will receive the rewards due them in accordance with their works (2 Cor. 5:9-10; Rom. 14:10-12); the unrighteous will stand condemned at the Great White Throne and be cast into the lake of fire for eternal punishment and separation from God (2 Thess. 1:7-9; Rev. 20:11-15). The punishment of the wicked will be conscious and eternal (Ma tt. 10:28; Luke 16:23-28) and will be worse for those who had been given greater privilege (Matt. 11:20-24; Rom. 2:5). The Heart of Eschatology: I believe that Jesus is coming again to be united with His bride (1 Thess. 4:13-18) to inflict vengeance on those who have not obeyed the gospel (2 Thess. 1:5-10), to crush His enemies, and to establish His worldwide kingdom (Acts 1:5-11; Rev. 19-22). Believers ought to wait with eager anticipation for the coming of the Lord (James 5:7-9). Unbelievers should repent while there is still time since God has appointed Jesus as Judge (Acts 17:30-31). For believers, the Lords return ought to inspire hope in the midst of suffering and holiness in practical life (Rom. 8:18-25; 2 Peter 3:11-13; 1 John 3:1-3). Eschatological Chronology: While I believe that the Scripture does point toward the chronology below, I also recognize that the Scriptures are not explicit in regard to prophetic chronology and that church history also points to a lack of consensus on this issue. With this said, I affirm the following view of prophetic chronology. I believe that Gods plan is to bring everything in the universe into subjection to Christ (Col. 1:19-20; Eph. 1:9-10). I believe that the next event in Gods prophetic plan is the return of the Lord Jesus Christ to rapture His saints (1 Thess. 4:13-18). Those who have died in Christ will be instantly resurrected, and those still alive will be caught up together with them and be transformed into glorious new bodies (1 Cor. 15:51-53; 1 Thess. 4:13-18). Following the rapture, the seven year tribulation will commence (Dan. 9:27; Matt. 24:15-31). During this time, there will be an outpouring of Gods wrath like none other in the history of the earth (Rev. 6:15-17; Is. 24; Jer. 30:7; Rev. 6-19). This will be a time in which Satan will persecute Israel with fierce destruction and deceive the nations with great success (Dan. 12:1-3; Jer. 30:7; 2 Thess. 2:3-12). I believe that at the end of the tribulation period Jesus will physically return (Acts 1:11) to the earth to defeat Antichrist and his forces (Rev. 19:11-21), to bind Satan and seal him in the abyss (Rev. 20:1-3), and to rule the world from Jerusalem for 1000 years (Mic. 4:1-4; Zech. 14:9-11; Rev. 20:4-6). These thousand years, known as the millennium, will be a time of peace, prosperity, blessing, and righteousness (Is. 11:6-10; 65:20-25), and will ultimately fulfill Gods covenant promises to Israel (Is. 9:6-7; Ezek. 37:21-28; Jer. 31:31-34; Rom. 11:25-26) as the Offspring of David rules the whole earth from His throne in Jerusalem (Is. 2:2-4; 11:1-5), along with His people (Dan. 7:21-22; Rev. 20:4). The millennium will be brought to an end with the final, brief release of Satan (Rev. 20:7). Satan will once more deceive and gather together the wicked against Christ and His saints at Jerusalem (Rev. 20:7-9). Christ will destroy them and cast Satan into the lake of fire. The wicked wi ll be resurrected bodily to be judged at the Great White Throne and then will be cast into the lake of fire (Rev. 20:10-15) to suffer eternal punishment (Matt. 13:42; 25:41-46). I believe that these heavens and earth will be burned with intense heat (2 Pet. 3:10) and that God will create a new heaven and a new earth where believers will dwell eternally and joyfully in His presence, free from all sin and sorrow (2 Pet. 3:13; Rev. 21:1-22:5).

Operation of Commercial Banks in Bangladesh

Term Paper On Operation of Commercial Banks in Bangladesh Term Paper On Operations of Commercial Banks in Bangladesh Financial Institutions & Markets (FIN 335) Summer 2012 Submitted To Md Lutfur Rahman Assistant Professor Department of Business Administration East West University Submitted by Srabonty MazumderMd. Saddam HossenMd. Mehedi HasanMd. Nazmul Hasan BhuyanSanjana Ahmed| 2009-2-10-0212009-3-10-031 2009-3-10-0762009-3-10-0222008-3-10-101| Section:02 Date of Submission: April 18, 2012 Letter of TransmittalApril18, 2012 Md Lutfur Rahman Assistant Professor Department of Business Administration East West University Subject: Submission of Assignment. Dear Sir: We are very pleased to submit this term paper on â€Å"Operations of Bank management in Bangladesh. † as you have authorized us to in this semester. We are honored to prepare this term paper under your guidance since it gave us the opportunity to know the operations of different commercial bank in Bangladesh and a lso know the product and service offered by that bank.And we explore which bank provides unique product and service for their customers and which way they provide. We analyze its offered product comparative scenario in respective to the other type of commercial bank. We tried our level best to accumulate the information for you as comprehensive as possible. We will be obliged to provide further clarification on this report whenever necessary. Sincerely Yours, Srabonty Mzumder [2009-2-10-021] ________________ Md. Saddam Hossen [2009-3-10-031]________________ Md.Mehedi Hasan [2009-3-10-076]________________ Md. Nazmul Hasan Bhuyan [2009-3-10-022]________________ Sanjana Ahmed [2008-3-10-101]________________ Acknowledgement We would like to express our gratitude and indebtedness to our honorable faculty Md Lutfur Rahman, Assistant Professor, Department of Business Administration, East West University (EWU). With his inexhaustible guidance, valuable advice, continuous inspiration, constr uctive criticism and generosity she helped us to carry out this report successfully.We would also like to express our gratitude to the website that helped us to gather all the necessary information. Finally, we would like to thank to all group members that directly or indirectly helped us to provide and accumulate all the necessary information for the accomplishment of this assignment. Table of Content Executive Summary 1. Introduction: There are different kind commercial bank that are operating their business in Bangladesh like state owned commercial bank, private owned commercial bank, some multinational bank, Islamic bank etc. ach type of bank offer different kind of product and service for their client. These commercial offer different types of deposits service and also offer different types of credit service. So we analyze the comparative situation in one bank offered product and service with another bank. 2. 1. Origin of the report:  This report originates to fulfill the req uirement of studying Financial Institutions & Markets, which is the course of BBA Program of East West University. The topic of the report is â€Å"Operation of Commercial Banks in Bangladesh† 2. 2.Objective:  The purpose of the report is to know the comparative situation among the commercial bank and also to elaborate our knowledge about financial market by analyzing its comparative situation. 2. 3. Scope of the report:  There are huge scopes to prepare the term paper to collecting information, analyze the information and also implement the information. 2. 4. Limitations:  To prepare this report we have faced a lot of problems such as unavailability of lab, electricity problem, unavailability of related books unavailability of information in net etc. 2. 5.Methodology: At first we collect the basic information from internet like related bank websites, and then analyzes the information on the basis of available information. So for the purpose of the report completion collect information from secondary sources. Public and Private commercial Banks in Bangladesh Public Banks: The banking system of Bangladesh is dominated by the 4 Nationalized Commercial Banks In which 3 are totally controlled by government and 1 (Rupali Bank) bank is controlled by both government and private sector. Nationalized Commercial Bank of Bangladesh: * Sonali Bank Agrani Bank * Rupali Bank * Janata Bank For Our Comparison we select Agrani Bank and Sonali Bank Private Banks: Private Banks are the highest growth sector due to the dismal performances of government banks (above). They tend to offer better service and products. Now 39 private commercial banks are operating in Bangladesh. Among them we select Dutch Bangla Bank ltd and BRAC Bank ltd for our comparison. Comparison between Public and Private Banks: 1. Personal Banking: As public Bank Agrani Bank and Sonali Bank offer Personal banking products for their current and potential customers.On the other hand private bank also provide different types of personal banking service for their current and potential customer. Deposit and loan services are- Product type| Public Bank| Private Bank| Deposit services| Savings bank account, Fixed deposit receipt, Pension schemeSonali Deposit Scheme (SDS)Education Deposit Scheme (EDS)Medicare Deposit Scheme (MDS)Monthly Earning Scheme (MES)Marriage Savings Scheme (MSS)Rural Deposit Scheme (RDS) andDouble Benefit Scheme (DBS)Credit Schemes| Convertible Taka Account.Current Deposit AccountCurrent Deposit Account BankExporter’s FC DepositForeign Current AccountNon- convertible Taka Account Saving deposit AccountShort Term Deposit AccountShort Team Deposit Bank Account| Loan Sevices| Home loan, Consumer loan, Advance against salaryConsumer Credit Special Small Credit IT Finance Loan for Diagnostic Center Loan scheme for Employment Abroad | Auto Line Care Line Dreams comes true LineEducation LineFestival LineFull Secured Line General LineHome Line: Marriage Li ne Professional LineTravel line| 2. Business support And Industry Development Products :With a view to building up a fund of Tk. 500 crore for financing industrial projects,  Agrani Bank  introduced  Agrani Bank Shilpa Unnayan Bond  in 1999. There are two types of bonds – 5 and 7 years. The lowest denomination is Tk. 50,000 and highest one is of Tk. 500,000. Interest rate is good enough to attract people. Major credit Schemes for business people are Industrial Credit, Trade Finance, Import Finance and Export Finance. If you are a deserving candidate for any of them, or you need any documentary support from  Agrani Bank, you may visit to any branch of  Agrani Bank.For industrial development of the country  Sonali Bank  provides long term loan against new industries and BMRE program of existing industries. Under different schemes it addresses thrust sector, Garments, Tourism, Hospital, Pharmaceutical, Power Plant and many more. Compare to Public banks with priva te bank : Also offer different type of loan facilities that’s interest rate is generally floated interest rate. 3. Agri & Rural Banking product : Now bottom line farmers may have a bank account depositing Tk. 10 only. Agrani Bank  provides this service to rural areas in Bangladesh.Young generation intending to go abroad for jobs may have loan for their air tickets and other expenses against nominal securities. Other rural economical activities are also supported by  Agrani Bank  credit programs. The areas addressed are Cultivation (flower and others), Fisheries, and Poultry, Purchasing Agriculture and irrigation machinery and ploughing animals. So it can be said that  Agrani Bank that public bank  is working to promote economic growth of Bangladesh from the very grass root level which is 80% of national economy. 5% of our population lives in rural areas of Bangladesh and 75% earn their living from agriculture. So without boost up of agriculture our economy wonâ €™t grow. Also Sonali Bank as a public bank  very correctly addresses it through the Rural Credit Scheme. The scheme provides loan under the following criteria: * Crop Loan * Special Investment Program * Farming & Off Farming program * Krishi Khamar Rin Karmasuchi * Pond Fisheries Credit Program * Fertilizer Dealers Credit Program * Sugarcane Production Loan Program * Social Forestation ProgramAll these credit programs are very much suitable for our rural people and society and in the mean time these efforts have started to give result. The results are very encouraging. On the other hand private banks Such as Bank Asia and Dutch Bangla bank as private bank, normally focus on the urban people. They don’t have any specific products on the rural or Agricultural sector. Bank Asia has a product â€Å"KIOSH† for the farmer but it is not so popular or useful for the farmer. 4. Microcredit product: For Bangladesh perspective microcredit is necessary.To think about th e poor people of Bangladesh Sonali Bank offer Microcredit. Sonali Bank  being committed for people and society has been participating in the field actively since 2003. About 20 projects under the scheme are in progress. On the other Hand in Private Banks: Such as Bank Asia and Dutch Bangla bank have no specific microcredit product for the lower middle class people of Bangladesh. Their every product is basically for upper class and middle class people. 5. SME Banking product: Small and medium enterprise of the country is one of the deserving sectors for financial support.Agrani Bank  justifiably provides credit to them under different schemes. Agrani Bank  launched a joint venture program named Small Enterprise Development Program (SEDP) with NORAD, a Norwegian agency in 1995. This program was implemented in greater Mymensingh and Faridpur districts. The target fields were rice mill, oil mill, and nursery, repairing shops, fishery, weaving and many more. The bank is presenting micro credit and other supports to land less day labor for alleviation of poverty by generating employment. Agrani Bank  had designed some programs in collaboration with other agencies.One such program is Employment Generation Project for Rural Poor (EGPRP). This program was launched in 1995. All these programs are very much favorable to the micro enterprises and the poor. Terms and conditions are also customer friendly and easy to follow. On the other Hand in Private Banks Private Bank such as Bank Asia and Dutch Bangla Bank has SME banking for the Small and middle enterprise. Bank Asia have 10 SME service branches all over the Bangladesh. They have different 9 SME products that interest rate start from 10-17%. Dutch bangle bank have 3 SME branches.From the branches small and meddle enterprise can borrow from 100000 to 5000000 tk. Floating Interest rate is 17% and collateral 16%. As an entrepreneur must have experience at least 2 (Two) years. 6. Nonresident Bangladeshis customers products : Nonresident Bangladeshis now get banking facility through  Agrani Bank. They may have an account in taka, they may invest in Dollar Bonds. They are also allowed to have an F/C account. To compare with Private Bank Such as Bank Asia and Dutch Bangla Bank gives the account facilities and F/C account for the NRBs . NRBs can also invest in Euro Dollar bonds. . Islamic Banking product: Among the nationalized banks Agrani was the first to introduce Islamic Banking service. Agrani Bank  provides completely interest free Shariah based banking for their clients. Deposit services offer  interest free profit in compliance with Shariah. Agrani Bank, as per its slogan, is always beside the people in their struggle to come up with sustainable economic growth for themselves and for the nation. On the Other Hand Private bank Such as Bank Asia have Islamic banking services in 6 braches such as 3 in Dhaka, 1 in Chittagong and 1 in Sylhet.They provide completely interest free Shariah based banking to the clients. Deposit services offer  interest free profit in compliance with Shariah. Now a day most of the private banks start Islamic Banking Service to attract the all types of people. 8. Internet Banking : Agrani bank and Sonali bank don’t have internet banking services. On the Other Hand Private bank All private banks branches under online banking system will be able to do banking practices using a common server (which is centralized) from where only the branches will be able to enter using a common password.Dutch Bangla Bank and Bank Asia give the below internet banking services for their customers. Internet Banking Services * Check account balance * Take print out of account statement for a particular period   * Transfer fund within your own account * Make payment of mobile phone bill * Recharge your mobile phone as well as others from your account *   Enquire foreign exchange rate * Enquire currency exchange rates. * Acquire information on all our products. * Every transaction report will be sent to clients through e-mail account. *   Can change the password, pin code and respective  mobile number (For All Mobile Operator's). 1. ATM Booth product : Now a day public bank doesn’t offer any ATM facilities for their Clients. On the Other hand With more than 1000 of ATM booths all over the country,  DBBL's has the largest ATM networks in Bangladesh. DBBL offering free access to its ATM network for its subscriber. This network helped  DBBL  gaining more popularity and confidence among subscriber and expanding banking opportunity to mass people. This entire network is being maintained by its own IT staff without any 3rd party dependency Brac Bank also has huge ATM booths facilities for their clients. 12.Credit / Debit Cards Product : Public bank offer credit / debit card facilities in a smaller range such as Sonali Bank Limited are one of the member banks of Q-Cash Consortium. Card holder of Sonali Bank Limited can use ATMs of consortium member banks, Dutch-Bangla bank and BRAC bank limited. Member Banks of Q-Cash Consortium. Agrani bank also give their clients debit card facilities but it not so popular. On the Other Hand Private bank such as Brac Bank offer Credit Card such as 1. Platinam card 2. Universal Card 3. Schedule of charge 4. Payment of Credit Card Bill Debit Card: Visa / Master CardPrepaid Card: 1. Hajj Card 2. Travel Card 3. Schedule of Charge Dutch Bangla Bank also offer different types of Debit, Credit, Prepaid Card and different types of offer & discounts. On the above comparison we see that public bank work with grass root level and more concentrate Last of all previous time Public commercial banks have fewer facilities than private commercial banks but now a day they try to increase their product and service. Private Banks gives a lot of services to their clients. For existence of the market private banks are increasing their products and services.Islamic Banking: Th e key difference is that Islamic Banking is based on Shariah foundation. Thus, all dealing, transaction, business approach, product feature, investment focus, responsibility are derived from the Shariah law, which lead to the significant difference in many part of the operations with as of the traditional. The foundation of Islamic bank is based on the Islamic faith and must stay within the limits of Islamic Law or the Shariah in all of its actions and deeds. Here, we take two banks for the comparison between Islamic Bank & Traditional bank: * Social Islamic Bank Limited (SIBL) * Shahjalal Islami Bank (SJIBL)Amongst the governing principles of an Islamic bank are: * The absence of interest-based (riba) transactions; * The avoidance of economic activities involving oppression (zulm) * The avoidance of economic activities involving speculation (gharar); * The introduction of an Islamic tax, zakat; * The discouragement of the production of goods and services which contradict the Is lamic value (haram) Traditional Banking: On the other hand, traditional banking is essentially based on the debtor-creditor relationship between the depositors and the bank on one hand, and between the borrowers and the bank on the other.Interest is considered to be the price of credit, reflecting the opportunity cost of money. Among of many traditional banks we take two, those are: * National bank. * Brac Bank Comparison Between Islamic Banking And Traditional Banking: 1. Functions And Operating Modes: The functions and operating modes of SJIBL & SIBL banks are based on the principles of Islamic  Shariah. On the other hand BRAC Bank & National Bank are based on man maid principles 2. Interest Rate: SJIBL & SIBL do not used to fixed up the interest rate for their offering asset & liability products as like as traditional banks deal with. t promotes risk sharing between provider of capital (investor) and the user of funds (entrepreneur). Besides, The investor is ass ured of a predetermined rate of interest. They have fixed rate of interest. Example: In BRAC bank, they have â€Å"Prapti Current account† & their interest rate is given below: Amount of Balance| Specific Interest Rate| 0 – Below 5,000| 0%| 5,000 – Below 100,000| 1%| 100,000 – Below 250,000| 2%| 250,000 – Below 500,000| 3%| 500,000 & Above| 4%| | 3. Profit Maximization: Both of them SJIBL & SIBL aims at maximizing profit but subject to  Shariah  restrictions.Besides they just shares profit & loss both. Example: They offer Al Wadiah Current Deposit Accounts. Where have No profit on Al Wadiah Current Deposit Account balances. Al-Wadiah current deposit account holder have no risk. In contrast, National bank ltd. & BRAC Bank has the aim of maximizing profit without any restriction. In contrast, SIBL & SJIBL share their profit & loss with their clients that indicates they don’t fixed up interest rate as aforementio ned in traditional banking system. 4. Provided Loan Modes: Islamic law considers a loan to be given or taken, free of charge, to meet any contingency.So, The SJIBL & SIBL have no provision to charge any extra money from the defaulters. Only small amount of compensation and these proceeds is given to charity. Rebates are given for early settlement at the Bank's discretion. Example: Al Wadiah Current Deposit Accounts Payment on Accounts demand Funds in the Al Wadiah Current Deposit shall be payable on demand and the Bank guarantees repayment of such funds in full, less the Bank charges Besides. Lending money and getting it back with compounding interest is the fundamental function for both of them.They can charge additional money (penalty and compounded interest) in case of defaulters. 5. Since SJIBL ;amp; SIBL shares profit and loss, they pay greater attention to developing project appraisal and evaluations. Example: Al Wadiah Current Deposit Accounts. No profit on Al Wadiah Curr ent Deposit Account balances shall be allowed and the Bank at its own discretion uses the funds of Al-Wadiah current deposit accounts without any risk to the account holder. 6. Projects Development: The SJIBL ;amp; SIBL gives greater emphasis on the viability of the projects.In the comparison of BRAC bank ;amp; NBL banks’ income from the advances is fixed, it gives little importance to developing expertise in project appraisal and evaluations. 7. Deposits Accounts: Most importantly SJIBL ;amp; SIBL can only guarantee deposits for deposit account, which is based on the principle of  al-wadiah, thus the depositors are guaranteed repayment of their funds, however if the account is based on the mudarabah concept, client have to share in a loss position. * Al Wadiah Current Deposit Accounts * Mudaraba Savings Deposit Accounts Mudaraba Term Deposit Accounts * Mudaraba Short Notice Deposit Accounts In contrast, BRAC Bank have these types of deposits * Probashi Current Account * Pr obashi Savings Account * Probashi Fixed Deposit * Probashi DPS * Probashi Abiram In these accounts client don’t have to share in a loss position. 8. Zakat collection: In the modern Islamic banking system, it has become one of the service-oriented functions of the SJIBL ;amp; SIBL to be a Zakat Collection Centre and they also pay out their Zakat. They does not deal with  Ã¢â‚¬Å"Zakat,† as Islamic bank usually does. 9.Islamic Mode of Investment: Participation in partnership business is the fundamental function for both of them. * Participation Of partnership business Example: SIBL provide â€Å"Musharaka† service. It means means partnership business. Every partner has to provide more or less equity funds in this partnership business. Both the Bank and the investment client reserve the right to share in the management of the business. But the Bank may opt to permit the investment client to operate the whole business. In practice, the investment client normally con ducts the business.The profit is divided between the bank and the investment client at a predetermined ratio. Loss, if any, is to be borne by the bank and the investment client according to capital ratio. * The status of SJIBL ;amp; SIBL in relation to its clients is that of partners, investors and trader, buyer and seller. Example: Bai-Muazzal. Bai-Muajjal is a contract between Buyer and Seller under which the seller sells certain specific goods ( permissible under Shariah and Law of the country ), to the Buyer at an agreed fixed price payable at a certain fixed future date in lump sum or within a fixed period by fixed installments.The seller may also sell the goods purchased by him as per order and specification of the Buyer. In Bank's perspective, Bai-Muajjal is treated as a contract between the Bank and the Client under which the bank sells to the Client certain specified goods, purchased as per order and specification of the Client at an agreed price payable within a fixed futu re date in lump sum or by fixed installments. | IN contrast, BRAC bank has * Probashi Wage Earnes bond * US $ premium & Investment Bond Probashi Biniyog Probashi Wage Earners' Bond| | Probashi Wage Earner Development Bond (WEDB) is a product designed by Bangladesh Central bank for Bangladeshi national living abroad. The objective of this product is to encourage the NRBs to invest their hard earned money to purchase WEDB on which the government guarantees a fixed interest rate. | | US Dollar Premium ;amp; Investment Bond| | US Dollar Premium Bond is a product designed by Bangladesh Central bank for Bangladeshi national living abroad.The objective of this product is to encourage the NRBs to invest their hard earned money to purchase WEDB on which the government guarantees a fixed interest rate. | Probashi Biniyog| | BRAC Bank Limited offers ‘Probashi Biniyog' a product that exclusively provides Non-Resident Bangladeshis (NRBs) the opportunity to invest in the Bangladeshi Cap ital Market through a Beneficiary Owner's (BO) account which will be funded by a Non Resident Investor's Taka Account (NITA). Both BO account and NITA will be held with BRAC Bank Limited. | 9. Conclusions:In the conclusion we have differentiated different types of products of private and public banks, Islamic and traditional bank and local and multinational bank in Bangladesh. Basically we try representing a clear picture among two banks products base on their deposit products, loan products, ATM, cards, Interest rate , branch , SME product , rural ;amp; agriculture products. To compare their products we have used company website, visited the banks and talked with the employees of the banks. That has enriched the differentiation among different banks. 10. Reference

Inside Job Essay

The collapse started back in the 1980’s with the deregulation of Savings and loans, this meant that the government no longer was overseeing the manner in which business was conducted. This in its self did not create the collapse, but as time when along more deregulation in the banking sector took place. Banks could now begin to loosen their lending guidelines, this trend lead to what was know as sub prime lending. Many banks such as Chase, Citi, Bank of America, Countrywide and many more started these companies to lend to the less then slandered banking customers. This way the banks could still make money, but not jeopardize their portfolio customers. Now banks could lend money to customers that had credit scores less then 700 and with resent bankruptcy and even foreclosures and their credit. The biggest reason for the sub prime was money. Now there really was no limit on what interest rate the banks could charge for their sub prime products. The banks could then bundle their sub prime loans and sell them to Wall Street and receive margins on the loans, for example if the prime rate on Wall Street was 4.5% and your interest rate on your loans might be 9.5% Wall Street might pay the bank 3% on all their loans. Now this then is where the collapse is starting, Banks now are offering more and more products to lesser credit worthy customers at high rates and mortgage brokers and bankers are pushing these products because the banks are now offering incentives for these products and why because the banks are making money on them not because they are the best for the consumer. The next chapter of the collapse is on Wall Street as shown in the movie AIG comes up with this great insurance idea of derivatives for the sub prime market. What these derivatives would do is protect the servicers and buyers of sub prime loans in case the loans will fail and who helped AIG come up with this idea, Their next door neighbor and biggest buyer of sub prime loans Lehman Brothers. As we see in the movie everything comes to a head in 2008, Lehman Brothers closes, AIG is bailed out by the government and all sub prime lenders close.  Yet no one is prosecuted and most all the upper management from the companies that contributed to the collapse are either still teaching business in upper scale colleges or hold positions on government cabinets. In conclusion this movie shows how money and the promise of unlimited amounts, can turn Wall Street and the banking sector to do whatever it takes ethically or unethically to achieve it. We see that companies such as AIG and Fannie Mae and Freddie Mac will lie and doctor their accounting, and even pay to receive AAA rates even days before they went bankrupt so investors wouldn’t know. Has Wall Street learned its lesson or do they even care?

What Is a Generic Pronoun Definition and Examples

In English grammar, a  generic pronoun is a  personal pronoun (such as one or they) that can refer to both masculine and feminine entities. Also called a  common-gender pronoun, an epicene pronoun, and a gender-neutral pronoun. In recent years, because English does not have a singular equivalent for they and because the use of he as a generic pronoun appears to exclude or marginalize women, various composites and neologisms have been proposed, including s/he, han, and he/she. Increasingly, the they-pronoun group is used in singular constructions (a practice that dates to the 16th century), though strict prescriptive grammarians fault this practice. The most common way of avoiding the problem is to use the plural forms of nouns in company with the generic pronouns they, them, and their. Examples and Observations One should never go to sleep with an electric heating pad turned on.[I]f one learns that one will not be allowed to get away with simply walking away from whatever messes one creates, one is given a strong negative incentive against making messes in the first place. (Henry Shue, Global Environment and International Inequality. Climate Ethics: Essential Readings, ed. by Stephen Gardiner et al. Oxford University Press, 2010)The way a person spends his or her leisure time tells us what he or she values.If everyone becomes committed to developing her or his own set of myths and symbols, how is community possible? (Naomi R. Goldenberg, Changing of the Gods. Beacon, 1979)I dont want to live in a country that prohibits any person, whether he/she has paid the ultimate price for that country, from wearing, saying, writing, or telephoning any negative statements about the government. (American anti-war activist Cindy Sheehan)He (and by he I also mean she) sees in these interlopers rivals for t he affection he egoistically craves from his parents, and which he is unwilling to share with anyone else. (La Forest Potter, Strange Loves. Padell, 1933)In Baltimore, . . . yo is a new gender-neutral third-person personal pronoun. As in Yo was tuckin’ in his shirt or Yo sucks at magic tricks. If yo sticks around — and if it spreads — maybe we can put the ever-awkward he or she to rest forever. (Jessica Love, They Get to Me. The American Scholar, Spring 2010)Its imperative to a childs success that they have strong self-esteem. A parent plays a key role in its development and must be conscious of choices s/he makes daily to influence a childs self-esteem. (Toni Schutta) Origin of He as a Generic Pronoun He started to be used as a generic pronoun by grammarians who were trying to change a long-established tradition of using they as a singular pronoun. In 1850 an Act of Parliament gave official sanction to the recently invented concept of the generic he. . . . [T]he new law said, words importing the masculine gender shall be deemed and taken to include females. (R. Barker and C. Moorcroft, Grammar First. Nelson Thornes, 2003) A Gender-Neutral Fossil There is an interesting historical twist to this story. Around 1000 years ago, at the time of so-called Old English, the masculine pronoun was hÄ“ and the feminine pronoun was hÄ“o. The form she didnt make an appearance until sometime during the 12th century. It eventually came to replace hÄ“o, and this is why we have this little irregularity now in the modern language — she versus her/hers. The initial h of her and hers is a fossil that preserves the h of the original feminine pronoun hÄ“o. Now, there were some conservative dialects in the UK that (in their spoken versions at least) never felt the effects of she and indeed ended up with only one pronoun form (the collapse of original hÄ“ and hÄ“o). Sometimes written as ou (or a), it was probably pronounced something like [uh] (in other words, the schwa . . .). These dialects didnt have the problem of coming up with clumsy alternatives like s/he when the sex of a person was unknown or irrelevant. The form ou was truly a gender-neutral pronoun. (Kate Burridge, Gift of the Gob: Morsels of English Language History. HarperCollins Australia, 2011) The Singular They The first results of a large scale project investigating the adoption of feminist language change in spoken language (with a focus on public speech) suggests that singular they is the preferred generic pronoun in public speech: 45 radio interviews (approx. 196000 words and involving 14 interviewers and 199 guests) yielded 422 cases of pronominalisation of generic nouns. Dominating the pronoun stakes by a large margin is singular they which was used 281 times (67%). This was followed by 72 cases in which the generic noun was repeated (17%). There were still 50 cases of the use of masculine generic he (12%). The dual pronoun strategy, i.e. use of he or she only occurred 8 times (1.5%) and the generic use of she only 3 times (0.5%). (Anne Pauwels, Inclusive Language Is Good Business: Gender, Language and Equality in the Workplace. Gendered Speech in Social Context, ed. by Janet Holmes. Victoria University. Press, 2000) The Generic They in a New Translation of the Bible The 2011 translation of the New International Version Bible, or NIV, does not change pronouns referring to God, who remains He and the Father. But it does aim to avoid using he or him as the default reference to an unspecified person. . . .At issue is how to translate pronouns that apply to both genders in the ancient Greek and Hebrew texts but have traditionally been translated using masculine forms in English. . . .An example from the translators notes for Mark 4:25 . . . show how the NIVs translation of these words has evolved over the past quarter-century.The widely distributed 1984 version of the NIV quotes Jesus: Whoever has will be given more; whoever does not have, even what he has will be taken from him.The more recent incarnation of the NIV from 2005, called Todays New International Version, changed that to: Those who have will be given more; as for those who do not have, even what they have will be taken from them.The CBMW [Council on Biblical Manhood and Womanhood] had co mplained in 2005 that making the subject of a verse plural to convey that it could refer equally to a man or a woman potentially obscured an important aspect of biblical thought--that of the personal relationship between an individual and God.The NIV 2011 seems to have taken that criticism into account and come up with a compromise: Whoever has will be given more; whoever does not have, even what they have will be taken from them.While the translators former grammar teachers may not like it, the translators offer a strong justification for their choice of they (instead of the clunky he or she) and them (instead of him or her) to refer back to the singular whoever.They commissioned an extensive study of the way modern English writers and speakers convey gender inclusiveness. According to the translators notes on the Committee on Bible Translations website, The gender-neutral pronoun they (them/their) is by far the most common way that English-language speakers and writers today refer back to singular antecedents such as whoever, anyone, somebody, a person, no one, and the like. (Associated Press, New Bible Draws Critics of Gender-Neutral Language. The Atlanta Journal-Constitution, March 18, 2011)