Advantage and Disadvantage of Saving Account

Mashreq Bank29 Jul, 2020News

The reason to open a saving bank account varies from person to person. Often more elderly people prefer this option to accumulate retirement resources. Apart from this many parents frequently open a savings account under their children's name to use the money for their education expenses or to use at weddings, etc.

How a salary account and saving account differ from each other?

Mashreq Bank29 Jul, 2020Business

Many banks offer diverse benefits to their loyal customer apart from these, to entice new customers they revive their policy with time. Since childhood I always have adored my saving and often, I take precautionary measures to save my money. It was made easier after I open a child saving account. Earlier I didn’t think I’d be using it as a salary account. Hence, when I start the job, I looked for various salary account online, and often I visited banks relationship manager officer to know more underline benefits and conditions to open a Happiness Salary account in UAE.

Latest working of investment banks in the UAE

Mashreq Bank28 Jul, 2020Business

UAE is a fast-growing, innovative, and financially or culturally developed region. Not only its landscapes but its market is advanced too. There are abundant options available for every need and to satisfy diverse residences. Along with the confectionary, development, and infrastructure industries, the banking and investment banks Dubai have also evolved and transformed to support the business and individual equally.

Anyone can easily Get a Personal Loan

Mashreq Bank26 Jul, 2020Business

At different points in life, we all wonder on the road to pay depth and to acquire a mortgage. But in my life, this time comes very early. I was in graduate school when I started looking for a personal loan to pay tuition fees. It was not easy for me or for anyone who is trying to meet end by formulating a suitable and effective solution to any problem.

Are you looking for investment solutions?

Mashreq Bank25 Jul, 2020Business

Define your area or a specific region where you want to invest because only then you will be able to manage your proper solutions. In the case of UAE as one of the busiest and expensive regions, one can find the best and most suitable options through unique ways and can enjoy the lavish lifestyle. I can assure you that the best investment opportunities are being provided by the best investment banks in Dubai.

Two Important Tips to Approach a Bank

Mashreq Bank23 Jul, 2020Business

You need to focus on the account type so that to make some savings. For example if you are taking the services of a fixed account, in this type of account, the amount is deposited to the bank and the profit rate will be rewarded according to this fixed amount. For a fixed interval your respective bank is obliged to pay profit either on monthly or after the deposit maturity. But keep one thing in your mind that this is totally a risk free plan with a fixed profit. This rate will remain same till your agreement or at the end of your saving account. It is mostly recommended to those who want to invest in a short-term or long-term savings like majority of the job holders. As we can see that the selection of a right bank can help you to manage all your working, one should must focus on this line as well.

Basic Points Related to Mutual Funds

Mashreq Bank22 Jul, 2020Business

To achieve any financial or personal goal, you require thorough planning and investment strategy. But before you plan consider all available possibilities and alternatives to enhance the effectiveness of your efforts. Along with these, you also need to understand that different niches or industries require different tactics. One cannot master all. People living in the UAE should consider themselves lucky as they can have access to almost everything and about everything. Therefore, specifically for financial matters, you need to consult investment advisors Dubai to draft an investment strategy with utmost effectiveness.

Process Of Islamic Banking With Zero Interest Rate Loan

Mashreq Bank20 Jul, 2020Business

There are two ways in which Islamic banking works and these are very important to understand. The first one is very simple and this procedure includes the bank to purchase a good or commodity that borrower needs and barter it to the borrower. All of the processes is done on regular installments, in such way banks earn a profit based on the profit made by the borrower. Thus it ruled out the interest for both parties.

Don’t forget the banking system in the UAE

Mashreq Bank18 Jul, 2020Business

The global market of Dubai especially the banking sector can help you to generate maximum profit even by investing a very low amount. Investors from all over the world come to Dubai due to a strong position in trading zones and stable economic conditions. It’s ok that you can get several opportunities but still you need to take the services of Dubai banks for basic guidance. Doing business in Dubai isn’t that easy, even there is so much space to get the profit that one could never think.

Process of Islamic Banking with Zero interest Rate Loan

Mashreq Bank16 Jul, 2020Business

There are two ways in which Islamic banking works, and these are very important to understand. The first one is very simple, and this procedure includes the bank to purchase a good or commodity that borrower needs and swap it to the borrower.

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