Like the idea in theory but careful what you wish for. Plenty of people crash out when it comes to gambling and even trading, letting them lose everything to a bank is irresponsible to say the least.
Govt bank fixed deposit interest rates 2021 in SBI, PNB, Union Bankm Bank of Baroda, Central bank of India with chart. Book FD with high interest rates in go...
Sure, you can start your own bank. Well, you can as long as you have enough money. And a solid business plan. And the courage to make it through the byzantine startup process.
Often though Islamic banking was “interest-free”. but according to this it isn’t, and I don’t know if it can exist can it?
” A unique feature of Islamic banking, in theory, is its profit-and-loss sharing (PLS) paradigm. In practice, however, we find that Islamic banking is not very different from conventional banking. Our study on Malaysia shows that only a negligible portion of Islamic bank financing is strictly PLS based and that Islamic deposits are not interest-free, but are closely pegged to conventional deposits.”
A unique feature of Islamic banking, in theory, is its profit-and-loss sharing (PLS) paradigm. In practice, however, we find that Islamic banking is nâ¦
As long as it doesn’t make the machine take longer I guess it could take off – “Let’s face it, when you’re taking out money in order to dash into the supermarket in the middle of a frantic day, you’re more likely to be thinking about shampoo or fruit juice than taking out a new mortgage or life insurance policy.”
I don’t trust banks with my money unless the govt bails them out. Worse than their contemporaries, the illegal scammers anyways. Be warned.
Virgin money should try this – they have the best rates in the UK already
Like the idea in theory but careful what you wish for. Plenty of people crash out when it comes to gambling and even trading, letting them lose everything to a bank is irresponsible to say the least.
Would be good if you could just pick “usual” and it does exactly what you usually do. Pin and 1 click, done.
User experience on ATM’s is known to be a bit sucky. If you designed a website like that, nobody would use it.
You would have to do it yourself, which you can. and which is how some religious networks bank.
Often though Islamic banking was “interest-free”. but according to this it isn’t, and I don’t know if it can exist can it?
” A unique feature of Islamic banking, in theory, is its profit-and-loss sharing (PLS) paradigm. In practice, however, we find that Islamic banking is not very different from conventional banking. Our study on Malaysia shows that only a negligible portion of Islamic bank financing is strictly PLS based and that Islamic deposits are not interest-free, but are closely pegged to conventional deposits.”
This sounds good, you can access all your other bank accounts in a single app
As long as it doesn’t make the machine take longer I guess it could take off – “Let’s face it, when you’re taking out money in order to dash into the supermarket in the middle of a frantic day, you’re more likely to be thinking about shampoo or fruit juice than taking out a new mortgage or life insurance policy.”
This guy is literally putting them ON atms.