Scenario Of Bank In UAE & Internet banking
As it is a well know fact that you can find shopping paradise across UAE, especially in Dubai, just like that the financial activities take place in huge quantity as well and the bank in UAE are the busiest places there. UAE is Islamic kingdom and Islamic Banks, are found there easily which are interest free and they work with some different financial procedures. The internet has revolutionized the life and business and it also made its impact over on banking sector and now we have internet banking.
The use of internet Banking, is spreading gradually all over the world and many countries have developed it successfully. While it still has to get momentum in under developed countries. There are always skeptics in one’s mind while sharing his confidential information on the internet. And many people take the internet as the means of communication only, but not for some serious trade online.
Perhaps the main reason for this is the fear that the internet exists virtually and you do not have a face to face interaction and the virtual fraud or cyber crimes are also frightening. It is relay difficult, at first, to trust in something we can not see, touch and feel. The feeling is different to click to make a wire transfer to receive a receipt from the cashier’s hand from a bank branch. In reality, using the internet bank is not only more comfortable but may also be more secure.
On contrary, in the developed countries of the world, the banking via internet has generated an unprecedented development. The primary reason is undoubtedly the comfort of using it as you do not need to take a short leave from office or skip some meeting to make bank transaction and the usage of online banking saves time and efforts. Unlike visiting branches and standing in queues and spend hours, users can perform a number of transactions with the help of online banking services.
Now the advantages of it are being realized by people and they are turning to utilize it more. Apart from saving time and annoying wait, the users are also protected from risk of assaults and violent robberies, which can occur at bank branches and on the way back home. Another great point which goes in favor on the online banks is the availability to ability to perform certain transactions 24 hours a day. This is advantageous in particular for users with long working hours or who must travel constantly for work.
To avoid internet fraud and theft, banks have developed a set of security tools which include random keys for access, anti-phishing tools, firewalls and other security measures. Banks protect their security certificates that authenticate users on their sites and they ask the users to the periodic renewal of their passwords and the most important recommendation is to be careful and updated with the system.
The bank in UAE now have developed very much as they are busy with increasing volume of transactions and the need of internet banking is ultimate. The Islamic banks are also functioning well which are based on interest free transitions and one can go with them too and they also provide online services.
Author Bio:
Aliah Alger, has been associated with Dubai Bank in UAE, for the past three years. As an executive she has a broad experience of Islamic Banking, and in particular Internet Banking, car financing and home loans.
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