The issuers of government securities are the Ministry of Finances and the Central Bank. Government securities will be backed by all assets, which are at the disposal of country's government. Funds from placement of government securities go to the republican budget and are spent to cover deficit. Also, funds can be directed to projects
Islamic banking – is banking activity based on the principles of Sharia and finding practical use via development of Islamic economy. What are the terms for conducting such activity? Sharia prohibits receipt of settled interest or margin for a loan, regardless of type of these instalments: fixed or floating.
What is VAT?
VAT. These three letters are definitely familiar to all of us, even those who have nothing to do with business. The abbreviation appears on the receipt received after purchases. But, what it is and why it is everywhere, wherever you look, is known far less to everybody. And even if we ask these questions, the very decoding of “value added tax” in general may not say anything, except that it is another tax.