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Essay / Research Paper Abstract
This 13 page paper looks at the influences in the Kuwaiti banking industry using Porters 5 Forces framework, considering the main drivers to the industry, the structure and looks at potential future trends that may emerge. The bibliography cites 5 sources. TEkuwabank.rtf
Page Count:
13 pages (~225 words per page)
File: TS14_TEkuwabank.rtf
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Unformatted sample text from the term paper:
the banking industry in Kuwait is t is first necessary to define that industry and some of the products sold as well as scope and scale of the operations. Banking
is traditionally seen as the process of writing out and cashing cheques, deposits and clearing. However, Banks fulfil a wider range of roles than simply this, not only do they
provide a range of bank accounts, they are also able to act as advisers and sell a range of insurance products, act as investors and have a major role in
credit creation within any economic environment. The way in which the banks act and conduct themselves can be seen as an intermediary that facilities efficient market operations. The term intermediary
means someone who is a go between, in financial terms this can mean an individual or an organisation. Banks are the intermediary between savers and borrowers as well as between
customers and insurance firms etc. They attract savers and then use the money saved to create funds available for borrowing, charging for lending, some of which is then passed onto
the saver (Howells and Bain, 2007). 1.1 Products When looking at banking in Kuwait it is also notable that the operations and products offered are in line with Islamic
banking requirements. Due to the number of prohibitions and rules which need to be complied with a range of banking and financial products being developed which comply with these different
requirements. Murabaha is trade with a mark up, or the concept of the cost plus sale (Iqbal, 1997). This is a tool designed for short term financing and is a
commonly used financial tool. With this tool the investor makes a purchase of the goods that the borrowers wants, and agrees to resell the goods for an agreed amount of
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