What can I NOT do with a debit card?

When I use my debit card, the money is almost immediately taken from my account.

If I have an account and a debit card, the financial institution will automatically issue me a credit card, too.

Electronic movement of money from one account to another

Electronic banking (E banking), also known as electronic funds transfer (EFT), is simply the use of electronic means to transfer funds directly from one account to another, rather than by check or cash.

________________________ which include an Automated Teller Machine (ATM), Cash Deposit Machine (CDM), Cheque Deposit Machine (CQM) and any other self-service machines installed by the Bank or a shared interbank Network for the use of the Cardholders.

A ______________ is a plastic (or occasionally titanium) card that provides an alternative payment to cash when making purchases in which the issuer and the cardholder enter into an agreement that the debt incurred on the charge account will be paid in full and by due date (usually every thirty days) or be subject to severe late fees and restrictions on card use.

The ____________________ is an instrument issued by the bank on the behalf of a customer, containing an order to pay a certain sum to a specified person, within the city.

____________________ is a negotiable instrument issued by the bank on the behalf of a customer, containing an order to pay a certain sum to the payee from one branch to another branch of the same bank.

Fintech refers to the integration of technology into offerings by financial services companies in order to improve their use and delivery to consumers.

I) Managed Financial operation better

II) Improved Customer Retention

III) The Reduced Costs

Which of the following are the advantages of Fintech for Islamic Financial Institution?