Internship Report on Muslim Commercial Bank updated


Internship Report on Muslim Commercial Bank Evolution of Banking It has not so far been decided as to how the word ‘Bank’ originated. The explanation of this origin is attributed to the fact that the jews in Lombardy transacted the business of money exchange on banches in the market place and when the business failed, the people destroyed the Bank. Incidentally, the word ‘bankrupt’ is said to have been evolved from this practice. The opponents of this opinion argue that it was so, then how is that the Italian moneychangers were never called ‘Banchierei’ in the Middle Ages? Other authorities hold [...]