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Home > QFINANCE Dictionary > Definition of banking products

Definition of

banking products

Banking

items provided by banks for customers goods and services that banks provide for their customers, for example, statements, direct debits, and automatic debits

Recommended Further Reading (Term count)
  • The Case for Separation of Islamic Banks’ Transaction and Investment Functions
    by Volker Nienhaus
    This article was first published in Quantum magazine.During the recent global economic crisis, some argued that the financial industry would have been significantly more stable and resilient if all its institutions had followed the principles and laws governing Islamic banking.A case can certainly be made that there are strong prudential advantages in a system which prohibits riba (interest), gharar (uncertainty), and maysir (gambling), as well...
  • The Emergence and Development of Islamic Banking
    by Umar Oseni, M. Kabir Hassan
    As an alternative banking system, Islamic banking emerged in the global landscape with the advent of Islam. This form of interest-free banking has developed over a long period of time with the introduction of new products in the industry. The crystallization of interest-free banking based on Islamic legal principles has won a positive global image for Islamic banking in the modern world. The underlying philosophy in Islamic banking is to...
banking products - Related Articles
  • Product Taxonomy: A Key Tool for Understanding Risk–Return Within the Banking Framework

    Best Practice

    Generally, firms dealing with financial instruments—no matter how simple or complex—are required, by law and for the sake of their stakeholders, to handle these products properly. More specifically, this means that banks and other financial institutions must capture, book, price, value, report
    By Markus Krebsz

  • Using Structured Products to Manage Liabilities

    Best Practice

    A structured product is a legally binding financial contract between a client and an investment bank, stating the specific terms that have been agreed. The legal form of the transaction is referred to as a wrapper, and the most common wrappers are:
    By Shane Edwards

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Definitions of ’banking products’ and meaning of ’banking products’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’banking products’ and other financial terms with our online QFINANCE Financial Dictionary.

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