Bank1. The Saudi Investment Bank Bank2. Citigroup Name all the deposit products offered by the bank....

Bank1. The Saudi Investment Bank
Bank2. Citigroup

Name all the deposit products offered by the bank. Give some brief details as much as possible.

What is similar and different in the two banks? In this point

Expert Solution

The deposit products offered by The Saudi Investment Bank are Islamic Deposits, Time Deposits, Murabaha Deposit, and Structured Deposit. The Islamic Deposits of The Saudi Investment Bank are Murabaha Contracts that allows the bank’s clients to make a profit on funds placed with it in a safe and Shariah-Compliant manner.

The deposit products offered by Citigroup are term deposits and time deposits, fixed deposits, and recurring deposits. Citigroup offers these deposits just like any other banking entity in the world and pay interest to their clients for the deposits. For instance when a customer parks money in the form of fixed deposits then the customer can select to receive interest on a periodic basis (it can be monthly or annually) or on maturity.

In terms of similarities both banks offer interest payments on the deposits and the interest rate is based on the tenor of the deposit. In terms of differences The Saudi Investment Bank has many deposit products that are governed by the principles of Islamic Finance and so it has tailored many of its deposit products to ensure that they are Shariah compliant.

jeff jeffy answered 4 months ago

You have just received a job offer at an investment bank, an dare offered the 2...

You have just received a job offer at an investment bank, an dare offered the 2 salary options.Both are for 2 years, with the salary to be paid in equal amounts at the end of the month. Option 1 is $75,000 per year for 2 years. Option 2 is $64,000 per year for 2 years, and a signing bonus of $20,000 to be paid immediately. The appropriate interest rate is 7% per year. Which option should you choose. Please show...

Suppose there are only 2 investment alternatives: a bank deposit that pays 4% per year and...

Suppose there are only 2 investment alternatives: a bank deposit that pays 4% per year and a 2-year coupon bond with 5% annual coupon rate and face value of $1,000. Assume the bank deposit and coupon bond are perfect substitutes. a) What is the market price of the bond at beginning of year 1? And year 2? b) Assume now that at the beginning of year 2, the deposit interest rate unexpectedly increases to 6% annual. What is the market...

KUMA makes three products X, Y, and Z. All three products must be offered for sale...

KUMA makes three products X, Y, and Z. All three products must be offered for sale each month in order to provide a complete market service. The products are fragile and their quality deteriorates rapidly once they are manufactured. The products are produced on two types of machine and worked on by a single grade of direct labour. Five direct employees are paid Ghc 8 per hour for a guaranteed minimum of 160 hours each per month. All of the...

Compare and contrast the international bank services & products offered by any two universal banks(example :-...

Compare and contrast the international bank services & products offered by any two universal banks(example :- Bank of America & HSBC Holdings) and decide which bank would be more preferred by international customers.

Company: Citigroup Company analysis: 1)Full company name; home office (city, state, country); name of CEO and...

Company: Citigroup Company analysis: 1)Full company name; home office (city, state, country); name of CEO and name of President or indicate if same; stock symbol; stock exchange where stock is traded; closing stock price as of the Friday before the date the project is due. 2)History of the company. Where was the company founded and who was/were the founders? Indicate any major events in the company’s history like mergers or acquisitions? 3)What primary industry does this company compete in and...

Question 1: Suppose the government forces everyone to deposit all their cash holdings in a bank...

Question 1: Suppose the government forces everyone to deposit all their cash holdings in a bank account. What will happen to overall money supply in the economy? Use money multiplier model and explain your answer. Question 2: Why did oil prices become negative in the middle of April? Why didn't consumers see negative prices at gas stations? Question 3: The current crisis has reignited the debate about the relative usefulness of fiscal policy and monetary policy in the presence of...

QUESTION 1 KUMA makes three products X, Y, and Z. All three products must be offered...

QUESTION 1 KUMA makes three products X, Y, and Z. All three products must be offered for sale each month in order to provide a complete market service. The products are fragile and their quality deteriorates rapidly once they are manufactured. The products are produced on two types of machine and worked on by a single grade of direct labour. Five direct employees are paid Ghc 8 per hour for a guaranteed minimum of 160 hours each per month. All...

discuss the concept,structure,roles, functions, and products of investment banking bank

A couple has the following assets: Investment property, bank account, term deposit, shares, managed funds and...

A couple has the following assets: Investment property, bank account, term deposit, shares, managed funds and superannuation Advise as to whether the investments are estate or non-estate assets. Should they re-structure such that all the assets are estate assets? why/why not? (max. 200 words)

The Criminalization of American Business What do Bank of America, Citigroup, JPMorgan Chase, and Goldman Sachs...

The Criminalization of American Business What do Bank of America, Citigroup, JPMorgan Chase, and Goldman Sachs have in common? All paid hefty fines for purportedly misleading investors about mortgage-backed securities. In fact, these companies paid the government a total of $50 billion in fines. The payments were made in lieu of criminal prosecutions. Today, several hundred thousand federal rules that apply to businesses carry some form of criminal penalty. That is in addition to more than four thousand federal laws,...

Question