Legal Requirements of a Will Essay Example | Topics and Well Written Essays - 2250 words

Legal Requirements of a Will - Essay Example Having understood the meaning of the will, the next step in the process of formation of the will is to understand the requirements of creating the will which has to be legally binding in the Court of law. Following are the conditions which have to be fulfilled in order to have a legally binding Will: 1. The Will made by the Testator must be the final version of his Will. There shall be no will made by him before he finally signs the Will, if in case there is a Will previous to the final Will then that Will shall be terminated and duly notified in the existence of the new and the final draft. 2. The Will shall be signed by the Testator 3. The Will shall have two witnesses at the least, and the witness’s shall have no inheritance of the assets in the structure of the Will, as they are supposed to be independent people who have no interest coming out from the creation of the Will. The Will should be signed by them. 4. The Testator has to be of sound mind and should be above 18 years of age. 5. The Testator should have an executer to execute the Will in the favour of the beneficiaries after his death, since the executer is the one who is responsible for the execution of the Will and making sure that the beneficiaries get their due share in accordance to the Will. 6. The Testator has to clearly identify the inheritors of his will and has to account for his property in full valuation.

You will be analyzing the hyrdrodynamics of different swimming strokes Lab Report

You will be analyzing the hyrdrodynamics of different swimming strokes - Lab Report Example The major purpose of this lab report was to analyze the hydrodynamics of different swimming strokes through considering several factors such as swim time, stroke frequency, stroke length and perceived effort, in the comparison process. From the results, scenario B assumes a shorter swim time and higher stroke frequency than in the case of scenario A. Further, the perceived effort used in B was less than that used in A. The reasons for the observed phenomena, depends on such factors like gravitational pull, friction force and outside pressure. When a swimmer is partially submerged, as shown in A, there is increase in atmospheric pressure and gravitational pull acting thereby resulting in reduced speed. Further, while partially submerged, some parts of the body remain exposed to the air thereby triggering action of friction force between swimmer’s body and air. At the same time, scenario A allows the subject to breath, which in turn reduces the stroke frequency because more time is spent in breathing. The situation is different to scenario B, where swimmer’s body is fully submerged in water leading to reduction in friction force, gravitational pull and atmospheric pressure acting. This triggers shorter swim time, higher stroke frequency and less perceived effort (Stager & Tanner, 2005). The results also manifest differences between scenario C and D, where dolphin kick was used for both with difference being one is submerged while the other is not. C, where full submergence was assumed, both swim time and perceived effort was less than D (not submerged. This can be attributed to the fact that dolphin kick becomes more effective when there is reduced friction and gravitational force through ensuring full submergence (Maglischo, 2003). The reduced forces leads to less perceived efforts and swim time as observed in scenario C. For situation D, more force is allowed to act on the swimmer in addition to efforts spent on breathing

The Composer Benjamin Britten Essay Example for Free

The Composer Benjamin Britten Essay On November 22, 1913, the feast day of Saint Cecilia, the patron saint of Music, was born a child who showed a great interest and talent in music. Benjamin Britten was born in Lowestoft in Suffolk. Though his father was a dentist, he had great interest in music, and his mother also was an amateur singer, and so it could be said that Britten inherited his interest in music from his parents. Even as a child, he could compose creatively. Benjamin Britten was educated at Gresham’s School. In 1927, Britten started his private training with Frank Bridge, an eminent English composer. He also studied under John Ireland at the Royal College of Music and under Ralph Vaughan Williams. After his graduation, Britten was very clear about his future. He was determined to be a composer and composed music for a number of plays. His first notable compositions were the Sinfonietta and A Boy was Born, and from there his fame grew, and he was Benjamin Britten 2 popular. In 1936, Benjamin met tenor Peter Pears, which set off a great relationship. Peter Pears was his inspiration, and they eventually became partners. Peter Pears had a great influence on his life and his music, and to him, Britten had composed a number of songs. Peter had a great influence on Britten, both in his personal life as well as his professional life. He was among the greatest English composers of the 20th century. Though some critics found Benjamin’s social and sexual relationships not appropriate of a young English musician, his perfect technique and his knack of treating the traditional musical forms with originality and freshness compensated the charges. He was excused from army service and was allowed to practice his composition work provided he performed as a pianist at concerts at wartime sponsored by the Council for the Encouragement of Music and the Arts. Over the years, he had also started writing for operas. As an opera composer, Benjamin Britten gained worldwide reputation. It is indeed interesting to note that he was the first musician to be honored with the title of â€Å"Lord† by the Queen. He also was approached for writing for special occasions. Benjamin went to America for some time but later returned to England. In 1945, with his opera Peter Grimes, Benjamin became a celebrity. It was a great success. His successive operas like the Church Parables were also greatly appreciated. Benjamin’s best known orchestral music, popularly known as The Young Person’s Guide to the Orchestra, a tribute to the great composer Henry Purcell, is very informative. His Reflections on a Theme of Dowland is also a tribute, this time to the lutenist John Dowland, which is indeed a moving Benjamin Britten 3 performance. Benjamin Britten was an outstanding English composer popular throughout the world. In 1948, he successfully planned the first Aldeburgh Music Festival which later became an annual event. Benjamin also excelled in chamber music, his notable ones being Cello Sonata and three Cello Suites. Benjamin often worked with the renowned poet W. H. Auden who offered the texts for which Britten provided music. Britten was awarded the Order of Merit in March 1965. This was his most treasured honor. Since its inception in 1902, only two people had got it prior to Britten. He also won the Robert O. Anderson Aspen Award in the Humanities. He was the first musician to be honored with the title of Baron. During the latter years of his life, Benjamin often complained of ill health. In May 1973, he had an open heart surgery which made him an invalid for life. He still attended the London premiere of Death in Venice in October 1973. He then traveled to Germany and Italy. According to Pears, Britten was not scared of death. On December 4, 1976, in his hometown in Suffolk, he died of a heart attack. He is buried in the resting place of the Aldeburgh Parish Church with his colleague Peter Pears resting in peace adjacent to his grave. Benjamin Britten 4 Works Cited 2007 Naxos Digital Services, Britten Benjamin, biography [Electronic Version] Retrieved on June 6, 2007, from www. naxos. com

Sophocles Oedipus The King English Literature Essay

Sophocles Oedipus The King English Literature Essay Aristotle defines tragedy as an replication of an action that is made to look serious, comprehensive and of a specific enormity. There as thus six elements which, according to Aristotle, make up the quality of a good tragic drama. These include the plot of the story which gives the flow of the events in the story. The plot must contain the cause and effect whose climax is reached as a result of the earlier incidents and whose end is arrived at from the presiding events. The second element is the character whose work is to support the plot of the drama. For the protagonist, s/he should be celebrated and prosperous and his fortune changes from good to bad. The next element is thought which seen when something has been proved wrong or right. Thought also include the themes that are illustrated in the drama. The fourth element is diction which entails the pronunciation and extraction of the meaning of the story in words. Melody or song is the fifth element and it is attributed to the cho rus and should be wholly incorporated in the play just like the actors. Last is the spectacle which depends on the attractiveness of the stage rather than the creativity of the poet. Aristotle goes ahead to give the characteristics of a tragic hero; he mentions that is of nobility and greatness, he is not always perfect, he should encounter a downfall which is out of fate, and he is to face a punishment that exceeds his crime. However his fall is not a total loss; he becomes aware in the mistakes he makes and though his tragedy arouses some emotions, it does not leave the audience depressed. The play Oedipus the King by Sophocles describes the story of a city, Thebes, which has been struck by a plague. Oedipus is the king of Thebes and his people gather in dismay and ask him to do something so as to save them. Oedipus has already sent Creon to the oracle to consult on how they can save the city. He however comes back with a message that the plague will only end when the killer of the former king of Thebes, Laius, is expelled from the city. He then calls for prophet Tiresias to come and tell him what he knows about the murder. Tiresias seems to know who the murderer is but he is unable to speak. Oedipus blames him for keeping the secret while the people suspect that it is Oedipus who liked the former king (Sophocles, 1947, p.16). In that argument, Tiresias mentions Oedipus parents and he is surprised at how he knew about them while he was brought up in Corinth. Tiresias tell him that he knew Oedipuss parents mysteriously and as he left the stage he points out that the mur derer of Laius will become the brother and father to his own children and the offspring of his own spouse. At the mention of this, Oedipus threatens to kill Creon for siding with Tiresias and the whole place becomes noisy (Sophocles, 1947, p.17). At this point, Jocasta, the window of Laius and also the current Oedipuss wife, comes in and asks what the noise is for. Oedipus explains that the prophet has accused him for the death of Laius but Jocasta assures him that the murder was committed by thieves on a three-way junction before he, Oedipus, came to Thebes. The description of the murder however sounds familiar to Oedipus and he highly suspects that he could be the murderer. He tells Jocasta that he overheard that he was not the true son of the royal family and when he looked for the truth he was told that he will kill his own father and sleep with his own mother thus to avoid this from happening he flee away from Corinth. In his journey, he encountered a group of people who attacked him and killed them all except one in self-defence and that all this happened at the same spot that Jocasta had mentioned (Sophocles, 1947, p.19). He asks for the man, a shepherd, who had survived the tragedy to come and testify hoping that he will not identify him as the murderer. Before he arrives, a messenger comes with the message that Oedipuss father, the king of Corinth is dead and that Oedipus should go and take over the kingdom Jocasta rejoices at this (Sophocles, 1947, p.46). He also mentions that he should not worry since the king was not his biological father and that there was one shepherd who new the whole story well. Oedipus calls for this shepherd to come and testify. Suspecting that the truth will be revealed, Jocasta goes back to the palace. The shepherd does not want to reveal the truth but Oedipus threatens to kill him if he does not tell him. He finally discloses that Oedipus was the son of Laius but was adopted by the king of Corinth after he was disowned by his parents following a prophecy that he would kill his own father and make his mother his wife. Realising his true identity, he yells and goes back to the palace. He finds Jocasta has hanged herself; he removes the pins from her cloths and blinds himself. He comes back bleeding and asking to be expelled from the town (Sophocles, 1947, p.63). He is expelled and goes to wonder in unknown places until steps on a holy ground when he remembers that at some point the gods promised him that he would rest on that ground. He calls for Theseus, the king of Athens who pities for what had befallen Oedipus and offers to help him. Oedipus requests Theseus to take and live with him in until he dies though he cautions that this would bring the rage of Thebes to Athens. Just before his death, a dreadful thunder is heard and Oedipus calls for Theseus. He tells him that his time of death had come and he must perform some rites over Oedipuss body so as to protect the city. He leads Theseus to the place of his death and tells him no to disclose to anyone except his son during his death who is also to do the same. The earth burst open and he just disappeared (Sophocles, 1947, p. 65). From the unfortunate flow of events, we can confidently affirm that Oedipus is the perfect example of Aristotles tragic hero. As a child, a prophecy was made that when he grew up he would put his father to death and marry his mother. His biological parents, Laius and Jocasta try to evade the prophecy by killing him but the gods protect him and he is adopted by a royal family where he is brought up as a prince (Sophocles, 1947, p. 24). As he grows he believes that he can avoid the oracle that he will kill his father and take his mother in marriage. He leaves Corinth thinking that he has outsmarted the will of the gods but instead they are manipulating his will and leading him to the very place that he would commit the murder. At first, Oedipus is a good person and as a king, he virtuously rules Thebes and saves the whole city by giving a solution to the Sphinx riddle. When Thebes experiences the second plague, he tells them that he feels their suffering and that his is even worse than theirs. He knows what is best for his people and they trust his to an extent they take him for God. All the people in Thebes acknowledge his for his good leadership This is the house,and he is the good sir within (Sophocles, 1947, p.46) Since a tragic hero is not perfect, he falls because of his character. He is bad tempered and stubborn; will do anything that he thinks of without considering the outcome. His temper makes him kill his father and his wish to do anything led him to knowing the truth about his ability. Jocasta keeps on telling him not to seek for more information since it may cause him great harm but he insists that he must know the truth. Thus he falls by killing his father and marrying his mother due to his imperfection, an act which he is responsible of. He is born to noble family and the society does not expect him to fall and when he falls, it seems more of a calamity that involves the whole community. The moment he suspects that Laius and Jocasta were his true parents, his suffering begins. He is not at peace and he struggles to know the truth. He seeks information from all reliable sources and when he finally realises the truth, his punishment begins; he pricks his eyes and becomes blind for the rest of his life living away from his rightful home. This punishment is more than he deserves (Sophocles, 1947, p. 63). As his downfall comes to pass and the play comes to an end, the story gains the purgation of the viewers. Throughout the play, Oedipus brings out the sense of fear and pity to the audience. They fear his true identity and do not want to find it out. The pity is brought out by his downfall towards the end of the story. Thus the story is a tragedy drama because it brings out the purgation of the viewers and Oedipus is the tragic hero he has arouse these feelings and fulfilled the other Aristotles requirements.

hero :: essays research papers

Heroes   Ã‚  Ã‚  Ã‚  Ã‚  If I had to identify someone as a hero, I would have to say that my personal hero would have to be Will Taubin, aka â€Å"Ratboy.† Will Taubin is a freestyle BMXer, like myself. We used to ride together until he moved to California two years ago. Will Taubin has taught me the three most important things in my life. The first thing that he taught me is to set a goal and never give up until you have achieved it. The second thing that he taught me is â€Å"You can if you think you can.† The third thing that he taught me is â€Å"You only get out what you put into something.†   Ã‚  Ã‚  Ã‚  Ã‚  Will’s goal since about age 10 was to become sponsored by a BMX corporation. Nobody believed that he could get a sponsor. He rode his bike everyday and had people film him and sent his tapes to different bike companies in a hope to get sponsored. Three years ago at the 2-Hip Meat the Street Contest, the owner of Standard Bikes asked if he wanted to ride for them. He said yes and he set it was the best thing that ever happened to him.   Ã‚  Ã‚  Ã‚  Ã‚  The second thing that Will taught me is, â€Å"You can if you think you can.† One day we were riding and he did an alley-oop 180 barspin to fakie feeble grind to half cab 180 out on the mini ramp sub-box. No matter how hard I tried, I could not land the halfcab 180 out of the fakie feeble. After about a half-hour of me trying this he rode up to me and said, â€Å"You can if you think you can.† I got back onto the deck of the mini ramp and said, â€Å"I can do this.† I took off and got the first half of the trick pretty good, but on the 180, my front tire slipped out. I tried again and I landed it almost perfectly.   Ã‚  Ã‚  Ã‚  Ã‚  The third thing that Will taught me is â€Å"You only get out of something what you put into it.† Will told me that when we were talking about biking, but I use that saying on everything I do in my life. For example, I never expect a good grade on a test if I don’t study.

Whether Einstein Was a Plagiarist or Not :: Plagiarism Albert Einstein Scientists Essays

Whether Einstein Was a Plagiarist or Not Proponents of Einstein have acted in a way that appears to corrupt the historical record. Albert Einstein (1879-1955), Time Magazine's "Person of the Century", wrote a long treatise on special relativity theory (it was actually called "On the Electrodynamics of Moving Bodies", 1905a), without listing any references. Many of the key ideas it presented were known to Lorentz (for example, the Lorentz transformation) and Poincarà © before Einstein wrote the famous 1905 paper. As was typical of Einstein, he did not discover theories; he merely commandeered them. He took an existing body of knowledge, picked and chose the ideas he liked, then wove them into a tale about his contribution to special relativity. This was done with the full knowledge and consent of many of his peers, such as the editors at Annalen der Physik. The most recognisable equation of all time is E = mc2. It is attributed by convention to be the sole province of Albert Einstein (1905). However, the conversion of matter into energy and energy into matter was known to Sir Isaac Newton ("Gross bodies and light are convertible into one another...", 1704). The equation can be attributed to S. Tolver Preston (1875), to Jules Henri Poincarà © (1900; according to Brown, 1967) and to Olinto De Pretto (1904) before Einstein. Since Einstein never correctly derived E = mc2 (Ives, 1952), there appears nothing to connect the equation with anything original by Einstein. Arthur Eddington's selective presentation of data from the 1919 Eclipse so that it supposedly supported "Einstein's" general relativity theory is surely one of the biggest scientific hoaxes of the 20th century. His lavish support of Einstein corrupted the course of history. Eddington was less interested in testing a theory than he was in crowning Einstein the king of science. The physics community, unwittingly perhaps, has engaged in a kind of fraud and silent conspiracy; this is the byproduct of simply being bystanders as the hyperinflation of Einstein's record and reputation took place. This silence benefited anyone supporting Einstein. Introduction Science, by its very nature, is insular. In general, chemists read and write about chemistry, biologists read and write about biology, and physicists read and write about physics. But they may all be competing for the same research dollar (in its broadest sense). Thus, if scientists wanted more money for themselves, they might decide to compete unfairly. The way they can do this is convince the funding agencies that they are more important than any other branch of science.

Operation of Commercial Banks in Bangladesh

Term Paper On Operation of Commercial Banks in Bangladesh Term Paper On Operations of Commercial Banks in Bangladesh Financial Institutions & Markets (FIN 335) Summer 2012 Submitted To Md Lutfur Rahman Assistant Professor Department of Business Administration East West University Submitted by Srabonty MazumderMd. Saddam HossenMd. Mehedi HasanMd. Nazmul Hasan BhuyanSanjana Ahmed| 2009-2-10-0212009-3-10-031 2009-3-10-0762009-3-10-0222008-3-10-101| Section:02 Date of Submission: April 18, 2012 Letter of TransmittalApril18, 2012 Md Lutfur Rahman Assistant Professor Department of Business Administration East West University Subject: Submission of Assignment. Dear Sir: We are very pleased to submit this term paper on â€Å"Operations of Bank management in Bangladesh. † as you have authorized us to in this semester. We are honored to prepare this term paper under your guidance since it gave us the opportunity to know the operations of different commercial bank in Bangladesh and a lso know the product and service offered by that bank.And we explore which bank provides unique product and service for their customers and which way they provide. We analyze its offered product comparative scenario in respective to the other type of commercial bank. We tried our level best to accumulate the information for you as comprehensive as possible. We will be obliged to provide further clarification on this report whenever necessary. Sincerely Yours, Srabonty Mzumder [2009-2-10-021] ________________ Md. Saddam Hossen [2009-3-10-031]________________ Md.Mehedi Hasan [2009-3-10-076]________________ Md. Nazmul Hasan Bhuyan [2009-3-10-022]________________ Sanjana Ahmed [2008-3-10-101]________________ Acknowledgement We would like to express our gratitude and indebtedness to our honorable faculty Md Lutfur Rahman, Assistant Professor, Department of Business Administration, East West University (EWU). With his inexhaustible guidance, valuable advice, continuous inspiration, constr uctive criticism and generosity she helped us to carry out this report successfully.We would also like to express our gratitude to the website that helped us to gather all the necessary information. Finally, we would like to thank to all group members that directly or indirectly helped us to provide and accumulate all the necessary information for the accomplishment of this assignment. Table of Content Executive Summary 1. Introduction: There are different kind commercial bank that are operating their business in Bangladesh like state owned commercial bank, private owned commercial bank, some multinational bank, Islamic bank etc. ach type of bank offer different kind of product and service for their client. These commercial offer different types of deposits service and also offer different types of credit service. So we analyze the comparative situation in one bank offered product and service with another bank. 2. 1. Origin of the report:  This report originates to fulfill the req uirement of studying Financial Institutions & Markets, which is the course of BBA Program of East West University. The topic of the report is â€Å"Operation of Commercial Banks in Bangladesh† 2. 2.Objective:  The purpose of the report is to know the comparative situation among the commercial bank and also to elaborate our knowledge about financial market by analyzing its comparative situation. 2. 3. Scope of the report:  There are huge scopes to prepare the term paper to collecting information, analyze the information and also implement the information. 2. 4. Limitations:  To prepare this report we have faced a lot of problems such as unavailability of lab, electricity problem, unavailability of related books unavailability of information in net etc. 2. 5.Methodology: At first we collect the basic information from internet like related bank websites, and then analyzes the information on the basis of available information. So for the purpose of the report completion collect information from secondary sources. Public and Private commercial Banks in Bangladesh Public Banks: The banking system of Bangladesh is dominated by the 4 Nationalized Commercial Banks In which 3 are totally controlled by government and 1 (Rupali Bank) bank is controlled by both government and private sector. Nationalized Commercial Bank of Bangladesh: * Sonali Bank Agrani Bank * Rupali Bank * Janata Bank For Our Comparison we select Agrani Bank and Sonali Bank Private Banks: Private Banks are the highest growth sector due to the dismal performances of government banks (above). They tend to offer better service and products. Now 39 private commercial banks are operating in Bangladesh. Among them we select Dutch Bangla Bank ltd and BRAC Bank ltd for our comparison. Comparison between Public and Private Banks: 1. Personal Banking: As public Bank Agrani Bank and Sonali Bank offer Personal banking products for their current and potential customers.On the other hand private bank also provide different types of personal banking service for their current and potential customer. Deposit and loan services are- Product type| Public Bank| Private Bank| Deposit services| Savings bank account, Fixed deposit receipt, Pension schemeSonali Deposit Scheme (SDS)Education Deposit Scheme (EDS)Medicare Deposit Scheme (MDS)Monthly Earning Scheme (MES)Marriage Savings Scheme (MSS)Rural Deposit Scheme (RDS) andDouble Benefit Scheme (DBS)Credit Schemes| Convertible Taka Account.Current Deposit AccountCurrent Deposit Account BankExporter’s FC DepositForeign Current AccountNon- convertible Taka Account Saving deposit AccountShort Term Deposit AccountShort Team Deposit Bank Account| Loan Sevices| Home loan, Consumer loan, Advance against salaryConsumer Credit Special Small Credit IT Finance Loan for Diagnostic Center Loan scheme for Employment Abroad | Auto Line Care Line Dreams comes true LineEducation LineFestival LineFull Secured Line General LineHome Line: Marriage Li ne Professional LineTravel line| 2. Business support And Industry Development Products :With a view to building up a fund of Tk. 500 crore for financing industrial projects,  Agrani Bank  introduced  Agrani Bank Shilpa Unnayan Bond  in 1999. There are two types of bonds – 5 and 7 years. The lowest denomination is Tk. 50,000 and highest one is of Tk. 500,000. Interest rate is good enough to attract people. Major credit Schemes for business people are Industrial Credit, Trade Finance, Import Finance and Export Finance. If you are a deserving candidate for any of them, or you need any documentary support from  Agrani Bank, you may visit to any branch of  Agrani Bank.For industrial development of the country  Sonali Bank  provides long term loan against new industries and BMRE program of existing industries. Under different schemes it addresses thrust sector, Garments, Tourism, Hospital, Pharmaceutical, Power Plant and many more. Compare to Public banks with priva te bank : Also offer different type of loan facilities that’s interest rate is generally floated interest rate. 3. Agri & Rural Banking product : Now bottom line farmers may have a bank account depositing Tk. 10 only. Agrani Bank  provides this service to rural areas in Bangladesh.Young generation intending to go abroad for jobs may have loan for their air tickets and other expenses against nominal securities. Other rural economical activities are also supported by  Agrani Bank  credit programs. The areas addressed are Cultivation (flower and others), Fisheries, and Poultry, Purchasing Agriculture and irrigation machinery and ploughing animals. So it can be said that  Agrani Bank that public bank  is working to promote economic growth of Bangladesh from the very grass root level which is 80% of national economy. 5% of our population lives in rural areas of Bangladesh and 75% earn their living from agriculture. So without boost up of agriculture our economy wonâ €™t grow. Also Sonali Bank as a public bank  very correctly addresses it through the Rural Credit Scheme. The scheme provides loan under the following criteria: * Crop Loan * Special Investment Program * Farming & Off Farming program * Krishi Khamar Rin Karmasuchi * Pond Fisheries Credit Program * Fertilizer Dealers Credit Program * Sugarcane Production Loan Program * Social Forestation ProgramAll these credit programs are very much suitable for our rural people and society and in the mean time these efforts have started to give result. The results are very encouraging. On the other hand private banks Such as Bank Asia and Dutch Bangla bank as private bank, normally focus on the urban people. They don’t have any specific products on the rural or Agricultural sector. Bank Asia has a product â€Å"KIOSH† for the farmer but it is not so popular or useful for the farmer. 4. Microcredit product: For Bangladesh perspective microcredit is necessary.To think about th e poor people of Bangladesh Sonali Bank offer Microcredit. Sonali Bank  being committed for people and society has been participating in the field actively since 2003. About 20 projects under the scheme are in progress. On the other Hand in Private Banks: Such as Bank Asia and Dutch Bangla bank have no specific microcredit product for the lower middle class people of Bangladesh. Their every product is basically for upper class and middle class people. 5. SME Banking product: Small and medium enterprise of the country is one of the deserving sectors for financial support.Agrani Bank  justifiably provides credit to them under different schemes. Agrani Bank  launched a joint venture program named Small Enterprise Development Program (SEDP) with NORAD, a Norwegian agency in 1995. This program was implemented in greater Mymensingh and Faridpur districts. The target fields were rice mill, oil mill, and nursery, repairing shops, fishery, weaving and many more. The bank is presenting micro credit and other supports to land less day labor for alleviation of poverty by generating employment. Agrani Bank  had designed some programs in collaboration with other agencies.One such program is Employment Generation Project for Rural Poor (EGPRP). This program was launched in 1995. All these programs are very much favorable to the micro enterprises and the poor. Terms and conditions are also customer friendly and easy to follow. On the other Hand in Private Banks Private Bank such as Bank Asia and Dutch Bangla Bank has SME banking for the Small and middle enterprise. Bank Asia have 10 SME service branches all over the Bangladesh. They have different 9 SME products that interest rate start from 10-17%. Dutch bangle bank have 3 SME branches.From the branches small and meddle enterprise can borrow from 100000 to 5000000 tk. Floating Interest rate is 17% and collateral 16%. As an entrepreneur must have experience at least 2 (Two) years. 6. Nonresident Bangladeshis customers products : Nonresident Bangladeshis now get banking facility through  Agrani Bank. They may have an account in taka, they may invest in Dollar Bonds. They are also allowed to have an F/C account. To compare with Private Bank Such as Bank Asia and Dutch Bangla Bank gives the account facilities and F/C account for the NRBs . NRBs can also invest in Euro Dollar bonds. . Islamic Banking product: Among the nationalized banks Agrani was the first to introduce Islamic Banking service. Agrani Bank  provides completely interest free Shariah based banking for their clients. Deposit services offer  interest free profit in compliance with Shariah. Agrani Bank, as per its slogan, is always beside the people in their struggle to come up with sustainable economic growth for themselves and for the nation. On the Other Hand Private bank Such as Bank Asia have Islamic banking services in 6 braches such as 3 in Dhaka, 1 in Chittagong and 1 in Sylhet.They provide completely interest free Shariah based banking to the clients. Deposit services offer  interest free profit in compliance with Shariah. Now a day most of the private banks start Islamic Banking Service to attract the all types of people. 8. Internet Banking : Agrani bank and Sonali bank don’t have internet banking services. On the Other Hand Private bank All private banks branches under online banking system will be able to do banking practices using a common server (which is centralized) from where only the branches will be able to enter using a common password.Dutch Bangla Bank and Bank Asia give the below internet banking services for their customers. Internet Banking Services * Check account balance * Take print out of account statement for a particular period   * Transfer fund within your own account * Make payment of mobile phone bill * Recharge your mobile phone as well as others from your account *   Enquire foreign exchange rate * Enquire currency exchange rates. * Acquire information on all our products. * Every transaction report will be sent to clients through e-mail account. *   Can change the password, pin code and respective  mobile number (For All Mobile Operator's). 1. ATM Booth product : Now a day public bank doesn’t offer any ATM facilities for their Clients. On the Other hand With more than 1000 of ATM booths all over the country,  DBBL's has the largest ATM networks in Bangladesh. DBBL offering free access to its ATM network for its subscriber. This network helped  DBBL  gaining more popularity and confidence among subscriber and expanding banking opportunity to mass people. This entire network is being maintained by its own IT staff without any 3rd party dependency Brac Bank also has huge ATM booths facilities for their clients. 12.Credit / Debit Cards Product : Public bank offer credit / debit card facilities in a smaller range such as Sonali Bank Limited are one of the member banks of Q-Cash Consortium. Card holder of Sonali Bank Limited can use ATMs of consortium member banks, Dutch-Bangla bank and BRAC bank limited. Member Banks of Q-Cash Consortium. Agrani bank also give their clients debit card facilities but it not so popular. On the Other Hand Private bank such as Brac Bank offer Credit Card such as 1. Platinam card 2. Universal Card 3. Schedule of charge 4. Payment of Credit Card Bill Debit Card: Visa / Master CardPrepaid Card: 1. Hajj Card 2. Travel Card 3. Schedule of Charge Dutch Bangla Bank also offer different types of Debit, Credit, Prepaid Card and different types of offer & discounts. On the above comparison we see that public bank work with grass root level and more concentrate Last of all previous time Public commercial banks have fewer facilities than private commercial banks but now a day they try to increase their product and service. Private Banks gives a lot of services to their clients. For existence of the market private banks are increasing their products and services.Islamic Banking: Th e key difference is that Islamic Banking is based on Shariah foundation. Thus, all dealing, transaction, business approach, product feature, investment focus, responsibility are derived from the Shariah law, which lead to the significant difference in many part of the operations with as of the traditional. The foundation of Islamic bank is based on the Islamic faith and must stay within the limits of Islamic Law or the Shariah in all of its actions and deeds. Here, we take two banks for the comparison between Islamic Bank & Traditional bank: * Social Islamic Bank Limited (SIBL) * Shahjalal Islami Bank (SJIBL)Amongst the governing principles of an Islamic bank are: * The absence of interest-based (riba) transactions; * The avoidance of economic activities involving oppression (zulm) * The avoidance of economic activities involving speculation (gharar); * The introduction of an Islamic tax, zakat; * The discouragement of the production of goods and services which contradict the Is lamic value (haram) Traditional Banking: On the other hand, traditional banking is essentially based on the debtor-creditor relationship between the depositors and the bank on one hand, and between the borrowers and the bank on the other.Interest is considered to be the price of credit, reflecting the opportunity cost of money. Among of many traditional banks we take two, those are: * National bank. * Brac Bank Comparison Between Islamic Banking And Traditional Banking: 1. Functions And Operating Modes: The functions and operating modes of SJIBL & SIBL banks are based on the principles of Islamic  Shariah. On the other hand BRAC Bank & National Bank are based on man maid principles 2. Interest Rate: SJIBL & SIBL do not used to fixed up the interest rate for their offering asset & liability products as like as traditional banks deal with. t promotes risk sharing between provider of capital (investor) and the user of funds (entrepreneur). Besides, The investor is ass ured of a predetermined rate of interest. They have fixed rate of interest. Example: In BRAC bank, they have â€Å"Prapti Current account† & their interest rate is given below: Amount of Balance| Specific Interest Rate| 0 – Below 5,000| 0%| 5,000 – Below 100,000| 1%| 100,000 – Below 250,000| 2%| 250,000 – Below 500,000| 3%| 500,000 & Above| 4%| | 3. Profit Maximization: Both of them SJIBL & SIBL aims at maximizing profit but subject to  Shariah  restrictions.Besides they just shares profit & loss both. Example: They offer Al Wadiah Current Deposit Accounts. Where have No profit on Al Wadiah Current Deposit Account balances. Al-Wadiah current deposit account holder have no risk. In contrast, National bank ltd. & BRAC Bank has the aim of maximizing profit without any restriction. In contrast, SIBL & SJIBL share their profit & loss with their clients that indicates they don’t fixed up interest rate as aforementio ned in traditional banking system. 4. Provided Loan Modes: Islamic law considers a loan to be given or taken, free of charge, to meet any contingency.So, The SJIBL & SIBL have no provision to charge any extra money from the defaulters. Only small amount of compensation and these proceeds is given to charity. Rebates are given for early settlement at the Bank's discretion. Example: Al Wadiah Current Deposit Accounts Payment on Accounts demand Funds in the Al Wadiah Current Deposit shall be payable on demand and the Bank guarantees repayment of such funds in full, less the Bank charges Besides. Lending money and getting it back with compounding interest is the fundamental function for both of them.They can charge additional money (penalty and compounded interest) in case of defaulters. 5. Since SJIBL ;amp; SIBL shares profit and loss, they pay greater attention to developing project appraisal and evaluations. Example: Al Wadiah Current Deposit Accounts. No profit on Al Wadiah Curr ent Deposit Account balances shall be allowed and the Bank at its own discretion uses the funds of Al-Wadiah current deposit accounts without any risk to the account holder. 6. Projects Development: The SJIBL ;amp; SIBL gives greater emphasis on the viability of the projects.In the comparison of BRAC bank ;amp; NBL banks’ income from the advances is fixed, it gives little importance to developing expertise in project appraisal and evaluations. 7. Deposits Accounts: Most importantly SJIBL ;amp; SIBL can only guarantee deposits for deposit account, which is based on the principle of  al-wadiah, thus the depositors are guaranteed repayment of their funds, however if the account is based on the mudarabah concept, client have to share in a loss position. * Al Wadiah Current Deposit Accounts * Mudaraba Savings Deposit Accounts Mudaraba Term Deposit Accounts * Mudaraba Short Notice Deposit Accounts In contrast, BRAC Bank have these types of deposits * Probashi Current Account * Pr obashi Savings Account * Probashi Fixed Deposit * Probashi DPS * Probashi Abiram In these accounts client don’t have to share in a loss position. 8. Zakat collection: In the modern Islamic banking system, it has become one of the service-oriented functions of the SJIBL ;amp; SIBL to be a Zakat Collection Centre and they also pay out their Zakat. They does not deal with  Ã¢â‚¬Å"Zakat,† as Islamic bank usually does. 9.Islamic Mode of Investment: Participation in partnership business is the fundamental function for both of them. * Participation Of partnership business Example: SIBL provide â€Å"Musharaka† service. It means means partnership business. Every partner has to provide more or less equity funds in this partnership business. Both the Bank and the investment client reserve the right to share in the management of the business. But the Bank may opt to permit the investment client to operate the whole business. In practice, the investment client normally con ducts the business.The profit is divided between the bank and the investment client at a predetermined ratio. Loss, if any, is to be borne by the bank and the investment client according to capital ratio. * The status of SJIBL ;amp; SIBL in relation to its clients is that of partners, investors and trader, buyer and seller. Example: Bai-Muazzal. Bai-Muajjal is a contract between Buyer and Seller under which the seller sells certain specific goods ( permissible under Shariah and Law of the country ), to the Buyer at an agreed fixed price payable at a certain fixed future date in lump sum or within a fixed period by fixed installments.The seller may also sell the goods purchased by him as per order and specification of the Buyer. In Bank's perspective, Bai-Muajjal is treated as a contract between the Bank and the Client under which the bank sells to the Client certain specified goods, purchased as per order and specification of the Client at an agreed price payable within a fixed futu re date in lump sum or by fixed installments. | IN contrast, BRAC bank has * Probashi Wage Earnes bond * US $ premium & Investment Bond Probashi Biniyog Probashi Wage Earners' Bond| | Probashi Wage Earner Development Bond (WEDB) is a product designed by Bangladesh Central bank for Bangladeshi national living abroad. The objective of this product is to encourage the NRBs to invest their hard earned money to purchase WEDB on which the government guarantees a fixed interest rate. | | US Dollar Premium ;amp; Investment Bond| | US Dollar Premium Bond is a product designed by Bangladesh Central bank for Bangladeshi national living abroad.The objective of this product is to encourage the NRBs to invest their hard earned money to purchase WEDB on which the government guarantees a fixed interest rate. | Probashi Biniyog| | BRAC Bank Limited offers ‘Probashi Biniyog' a product that exclusively provides Non-Resident Bangladeshis (NRBs) the opportunity to invest in the Bangladeshi Cap ital Market through a Beneficiary Owner's (BO) account which will be funded by a Non Resident Investor's Taka Account (NITA). Both BO account and NITA will be held with BRAC Bank Limited. | 9. Conclusions:In the conclusion we have differentiated different types of products of private and public banks, Islamic and traditional bank and local and multinational bank in Bangladesh. Basically we try representing a clear picture among two banks products base on their deposit products, loan products, ATM, cards, Interest rate , branch , SME product , rural ;amp; agriculture products. To compare their products we have used company website, visited the banks and talked with the employees of the banks. That has enriched the differentiation among different banks. 10. Reference