Principles of modern bank or commercial bank

A successful and ideal modern bank follows some principles in order to ensure smooth running of banking business. To cope up with the prevailing competition, to provide better services to the clients and to gain competitive advantages commercial banks or modern banks have to be careful about their services. These are referred as principles.

Role of ancestors in the development modern banking: Money-lender

Moneylenders have a great contribution on the development of modern banking. The factors influenced moneylenders to join with the banking business are as follows-
1. As moneylenders were rich, everyone trusted them.
2. They had a power of influencing and /convincing anyone.
3. They took the deposited money and provided loan to poor people.

Role of ancestors in the development modern banking: Merchant

As the merchants were engaged with money transaction, it may be said that they had a great contribution on the development of bank. Adam Smith compared the Merchants to “Financial Company’. That time, the situations which were in favor of the development of banking system for the merchant were as follows-

1. Merchants were rich people of the society.

2. For their own sake they were honest.

Role of ancestors in the development modern banking: Goldsmith

The role of goldsmith regarding the development of modern bank was very important. Due to their business nature and character they were well-reputed person at that time. People kept their valuable goods to them because-

1. They were socially treated as honest, truthful and ethical.

2. They were financially rich.

Role of ancestors in the development modern banking

Ancestors & modern Banker are the persons who played a contribution on the development and evaluation of modern banking.
According to Prof. G. Crowther- “The present day bankers has three ancestors ‘Goldsmith’, “Merchant’, and ‘Money-lenders’.” According to the definition mentioned above the ancestors are classified as follows-

Cultural Reconfiguration and Revivalism of Islam of Modern Turkey

However, in recent history Turkish politics has been subject to vast changes in its make-up. Since the 1980 military intervention, and perhaps even earlier, the subject of religious revivalism has been in the forefront of the Kemalist republic. While many countries in the Middle East have witnessed religious upheaval in recent past.A new middle class became visible after the 1980’s, accepting the ethical standards and cultural values of the traditional order but also adopted the rational business rules and the profit motive of the capitalist market system.  The new Turkish Islamic middle middle, and upper middle classes are very good examples of capitalistic spirit both as believers and entrepreneurs.