Islamic Banks vs. Commercial Banks: Functions and Services

Providing a safe and secure environment for depositors to store their funds

Personal loans, home loans, business loans, and agricultural loans

Letters of credit, export financing, import financing, and other trade-related services

<p>Mutual funds, bonds, stocks, and other financial instruments</p> Signup and view all the answers

<p>Providing services for converting one currency into another</p> Signup and view all the answers

<p>Regulatory compliance</p> Signup and view all the answers

<p>To offer credit facilities at reasonable terms to farmers, merchants, and their cooperatives, as well as to the general rural populace.</p> Signup and view all the answers

<p>ROA is an indicator of how profitable a company is relative to its total assets.</p> Signup and view all the answers

<ol> <li>Grant loans and make investments in accordance with existing rules and regulations. 2. Accept savings and time deposits. 3. Sell domestic drafts.</li> </ol> Signup and view all the answers

<p>Privately run, mostly privately owned, supported by the government, offer credit facilities in rural areas.</p> Signup and view all the answers

<p>Rural Banks facilitate financial transactions where bank branches are too far away to be useful.</p> Signup and view all the answers

<p>Regulatory Oversight involves ensuring the security and stability of Thrift Banks.</p> Signup and view all the answers

<p>Rural Banks may offer services like selling domestic drafts, acting as financial agents, and receiving funds in custody.</p> Signup and view all the answers

<p>Coordinate and trust manage funds</p> Signup and view all the answers

<p>August 8, 1963</p> Signup and view all the answers

<p>Promoting and accelerating the socio-economic growth of Mindanao</p> Signup and view all the answers

<p>Wide range of financial services</p> Signup and view all the answers

<p>Savings and mortgage banks</p> Signup and view all the answers

<p>Rural Banks</p> Signup and view all the answers