...[pic] 1.0. BRIEF IDEA ABOUT BANK Alfalah Bank Alfalah Limited was incorporated on June 21st, 1997 as a public limited company, under the Companies Ordinance 1984. Its banking operations commenced from November 1st, 1997. The bank is engaged in Islamic banking, commercial banking and related services as defined in the Banking Companies Ordinance, 1962. The Bank is currently operating through 195 branches in 74 cities. Management of Bank Alfalah accepted the challenge to transform this bank into a highly professional, most efficient & service oriented institution. The management has been successful in fulfilling the undertaken challenge. It has been successful in making a significant contribution to both corporate and retail banking in Bangladesh. Over the years, its emphasis on growth has resulted in a strong entity capable of offering high quality services to a wide spectrum of clients, in a highly challenging business environment. Its strategy is to maximize the synergies of branch network through an optimal allocation of financial resources in the face of dynamic challenges of present financial environment. Strengthened with the banking of the Abu Dhabi Group and driven by the strategic goals set out by its board of management, the Bank has invested in revolutionary technology to have an extensive range of products and services. This facilitates their commitment to a culture of innovation and seeks out synergies with clients and service providers to ensure uninterrupted...
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...[pic] Submitted By: Dawar Ali Peerzada Hussain Imran Hina Rao Submitted To: Mrs. Mariya Nadeem INTRODUCTION TO BANK ALFALAH Bank Alfalah Limited was incorporated on June 21st, 1997 as a public limited company, under the Companies Ordinance 1984. Its banking operations commenced from November 1st, 1997. The bank is engaged in Islamic banking, commercial banking and related services as defined in the Banking companies ordinance, 1962. The Bank is currently operating through 115 branches in 36 cities, with the registered office at B.A.Building, I.I.Chundrigar, Karachi. Management of Bank Alfalah accepted the challenge to transform this bank into a highly professional, most efficient & service oriented institution. The management has been successful in fulfilling the undertaken challenge. It has been successful in making a significant contribution to both corporate and retail banking in Pakistan. Over the years, its emphasis on growth has resulted in a strong entity capable of offering high quality services to a wide spectrum of clients, in a highly challenging business environment. Its strategy is to maximize the synergies of branch network through an optimal allocation of financial resources in the face of dynamic challenges of present financial environment. Strengthened with the banking of the Abu Dhabi Group and driven by the strategic goals set out by its board of management,...
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...Internship Report: BANK ALFALAH LIMITED Submitted By: MAIDAH MASOOD Roll # 107 Section: “C” Morning B-Com (Hons) Session: 2005-2009 Hailey College of Commerce, University of the Punjab, Lahore. The evolution of Bank Alfalah signifies a movement from concept to reality; a reality to bring about a change in the banking industries of Pakistan; offering an alternative way of banking; providing people an opportunity to practice beliefs in their financial matters. Following privatization, Bank Alfalah emerged as new identity of Habib Credit and Exchange Bank with a revived purpose and commitment. Charged with the strength of Abu Dhabi consortium and under the leadership of His Highness Sheikh Nahayan Mabarak Al-Nayayan, the bank has already made significant contributions in building and strengthening both corporate and retail banking sector in Pakistan. At present the bank has expanded its operations across Pakistan in 74 cities with 189 operational branches. However, it has total 195 branches that include 23 Islamic Banking branches, five overseas branches three in Bangladesh and two in Afghanistan and one offshore banking unit in Bahrain. It is pertinent to note that all of its branches commenced their operations in “Real Time Online Mode”. Today Bank Alfalah is the fifth largest Banking operation in Pakistan. Since its inception, it has registered the fastest growth rate ever...
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...[pic] BBA-1 COURSE: 3 INTRODUCTION TO BUSINESS TEACHER: MISS SAMEERA ASHRAF ASSIGNMENT#4 SUBJECT: WRITE MISSION STATEMENT OF FIVE ORGANIZATION AND ANALYSE ONLY TWO OF THEM GROUP NAME: BLITHE WHAT IS MISSION? Mission describes an organization’s purpose (i.e. its basic function in society). Mission directs strategy, value and influences policies and standards of behaviour. STATEMENT OF MISSION: Purpose: Why does the company exist? a) To create wealth for shareholders b) To satisfy the needs of all stakeholders 1st ORGANIZATION BANK ALFALAH LIMITED (IN PAKISTAN) Bank Alfalah Limited is a private bank in Pakistan owned by Abu Dhabi Group. MISSION STATEMENT: “To develop & deliver the most innovative products, manage customer experience, deliver quality services that contributes to brand strength, establishes a competitive advantage and enhances profitability, thus providing value to the stakeholders of the bank” 2nd ORGANIZATION L’OREAL (IN FRANCE) The L’Oreal Group is the world's largest Cosmetics and Beauty Company in France MISSION STATEMENT: “At, L’Oreal we believe that everyone aspires to beauty. Our mission is to help men and women around the world realize that aspiration, and express their individual personalities to the full. This is what gives meaning and value to our business, and to the working lives of our employees.” 3rd ORGANIZATION 555 DESIGN FABRICATION MANAGEMENT (IN CHICAGO) 555 is a Design, Development...
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...Motivation Factors It has always been the focus of researchers “what motivates employees and how they can be motivated”. Acording to Maslow employees have five levels of needs, physiological, safety, social, ego and self-actualisation, each level of need had to be satsfied before the next level to become a motivating factor for the employees. Herzberg split the motivation into two factors i.e intrinsic factors like achievement, recognition contribute to job satisfaction and on the other hand extrinsic factors like pay, job security contribute to job dissatisfaction. Vroom stressed that employee efforts lead to performance which in turn leads them to rewards. Rewards if positive will motivate the employees and negative rewards will demotivate them. Skinner is of the opinion that the “Behavior” of employees which leads to positive outcomes will be repeated and the “Behavior” which leads to negative outcomes will not be repeated. Motivation and the factors on wihcih it depends have been described by present day authors in a new dimension. Higgins says It is the internal drive to satisfy an un satisfied need, where as kreitner defines it as the psychological process that gives behaviour purpose and direction. Survey Intro We have conducted this study for indepth analysis and evaluation of employee motivating / demotivating factors and the strength and weaknesses of Bank Alfalah’s employee related policies. It also helped us ascertain the current level of employee satisfaction of...
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...2) Checkbook Codes Sixth week CLEARING OF CHEQUES (Mr. Aalim & Mr. Azhar): Clearing resources the transmission of currencies indoors the similar bank in to further banks. That one remains the portion of the Resident Transmittals. Clearing is completed meant for irritated cheques single. Clearing can be able to complete in subsequent methods. Internal Clearing: When a client come from who takes his account in Bank Alfalah in addition to he provide the Cheque toward additional gathering whose account remains in alternative bank formerly bank basically deducted the account of customer and transmission the cash toward alternative bank account so-called internal...
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...Appendix A BANK ALFALAH LIMITED – BANGLADESH BASEL II DISCLOSURES UNDER PILLAR-III BASED ON 31 DECEMBER 2011 These qualitative and quantitative disclosures have been made in accordance with Bangladesh Bank BRPD Circular no. 10 dated 10 March 2010 and BRPD Circular no. 24 dated 3 August 2010. The purpose is to comply with the requirement for having adequate capital and the Supervisory review process under Pillar II. These disclosures are intended to assess information about the Banks exposure to various risks. 1 Capital Adequacy Ratio - As per BASEL II In terms of aforesaid Circular, available capital of the Bank is Taka 4,726,843,656 (Core capital Taka 4,641,622,449 and Supplementary Capital Taka 85,221,207) as against a minimum capital requirement of Taka 4,000,000,000 or 773,244,707 (10% of RWA as per Basel-II) whichever is higher at the close of business on 31 December 2011 thus resulting in surplus capital of Taka 726,843,656 at that date. Details are shown below: a) Core capital (Tier I) Fully Paid-up Capital/Capital Deposited with Bangladesh Bank (BB) Statutory Reserve Non-repayable share premium account General Reserve Retained earnings Minority interest in Subsidiaries Non-Cumulative irredeemable Preferences shares Dividend Equalization Account Deductions from Tier-1 (Core Capital): Book value of Goodwill Shortfall in provisions required against classified assets irrespective of any Deficit on account of revaluation of investment in AFS category Any investment in TFCs...
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...1. Scope We want to introduce a Leadership Development Tool in SAMG (Special Asset Management Group) of Bank Alfalah, that will help in identification and grooming of potential leaders in a manner that will enable them to steer the department towards success via effective succession planning process, empowerment, change management and motivation. 2. Introduction Bank Alfalah is among the top 5 banks of Pakistan, with a network of more than 600 branches and is owned by Abu Dhabi Group of UAE. Please see Exhibit -1 for the roadmap since its inception in 1997. Its core values are as follows: * Trust * Commitment * Responsibility SAMG is the Remedial Group of Bank entrusted with the task of recovery from a Non-Performing portfolio of PKR 18 Billion (Infection Ratio of 6.16% out of Total advances portfolio of PKR 290 Billion). Please refer Exhibit 2 for Bifurcation. Following are the impediments faced by the SAMG presently, in grooming effective leaders towards succession planning (Departmental Structure is more specifically shown in Exhibit 4): * Coercive Leadership, * Centralized Decision Making, * Powerless Managers, * Relatively New Top Management, * Time Consuming Decision Making Process, * Reduced Motivation Levels. 3. Leadership Development Tool (LDT): We can classify foregoing impediments under broad categories of Empowerment and Motivation. We propose following tool that will help in overcoming problems...
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...|[pic] | | | |HIGHER EDUCATION COMMISSION | | |Sector H-9, Islamabad, PAKISTAN Website: http://www.hec.gov.pk/ffhp.asp | Wasim S. Hashmi Syed No: PD (FFHP)/HEC/2013/383 Project Director Dated: February 4, 2013, Foreign Faculty Hiring Program UESTP-HRDI Scholarships / Faculty Development Program Phone # 051- 9040 8021 FAX 051-9040 8023 Email: wsyed@hec.gov.pk Subject: Harassment Complaint from NFC Institute Multan (Reminder 1) Dear Dr. Malik Akhter Ali Kalrou Sahib, This is reference to letter No PD. (FFHP)/HEC/2012/359 on Dated December 31, 2012 regarding the complaints received from various students of NFC Institute of Engineering & Technological Training Multan about the harassment at the campus. The complainers have categorically mentioned the name of one of the Faculty member, Lecturer Mr. Ifkar Ahsen Naqvi, it is also being informed that three faculty members are terminated on account of Victimization, Harassment, Mental Torture and Blackmailing the students at Institute. However, Mr. Ifkar Ahsen Naqvi is still practicing revengeful...
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...------------------------------------------------- Impact of Training and Development on Employees Performance and Productivity Problem statement: The human resource department is the only one department wherein a good decision is being carried out from the start of hiring process up to the point of the promotion and retention. One purpose of HR is to produce a talent that would be fit in the needs of the organization and be suitable the human knowledge in their position. The idea of having a right people in the right position is not impossible through the integration of the training and development. But on How will the training can affect the productivity of the employees in service sector? Objectives of research: The main objective is to increase the understanding regarding employee’s training and development in relation to firm's performance. * Identify the major purposes of training and development, as well as the key internal and external influences on training. * Ascertain the training and development policy in operation at selected organizations (Bank of Punjab, National Bank of Pakistan, PTCL, and Ufone). * To explore the employee training contributes to their performance. To explore why Training is important for employees and firm performance. * To find out whether training and development programmers have positive effect on the performance of workers and productivity. * Outline and explain the training and development practices and...
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...SUMMIT BANK LIMITED MULTAN ROAD BRANCH [pic] An Internship report Submitted in Partial Fulfillment For The Degree of Masters of Science In Accounting & Finance AMNA HAMID Session (2008-2010) Department Of Accounting & FinanceKinnaird College for Women, Lahore [pic] Executive summary “The purpose of study was to know about SUMMIT BANK LIMITED and to analyze the financial statement. “ In this report the Summit Bank’s history, mission, vision and services as well as management is mentioned. After this the analysis of financial statements is conducted which shows where the Banks is standing. Banking sector of Pakistan has been transformed within a short period of 5 years from a sluggish and Government dominated sector to a much more agile, competitive and profitable industry.Speed and sequencing of banking sector transformation and its role in promoting economic growth is now a leading story of a sector succes.Within Pakistan SBP offers a story of what effective leadership of regulator and change management and corporate governance can achieve and offer.Outside pakistan it is serving to offer rich lessons in what difference governance of regulator can make and how bank restructuring and privatization can change the lanscape of of the industry. Summit Bank Limited started operations in August 2006 and became a profitable entity within one year.AHBL had started off with a high capital base and is positioned to take advantage...
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...Global Bank Limited 20. One Bank Limited 21. Prime Bank Limited 22. Pubali Bank Limited 23. South Bangla Agriculture and Commerce Bank Limited 24. Southeast Bank Limited 25. Standard Bank Limited 26. The City Bank Limited 27. The Farmers Bank Limited 28. The Premier Bank Limited 29. Trust Bank Limited 30. United Commercial Bank Limited 31. Uttara Bank Limited * Islamic private bank: 1. Al-Arafah Islami Bank Limited 2. Export Import Bank of Bangladesh Limited 3. First Security Islami Bank Limited 4. ICB Islamic Bank Limited 5. Islami Bank Bangladesh Limited 6. Shahjalal islami Bank Limited 7. Social Islami Bank Limited 8. Union Bank Limited Foreign commercial bank: 1. Bank Alfalah 2. Citibank NA 3. Commercial Bank of Ceylon 4. Habib Bank Limited 5. HSBC (The Hong Kong and Shanghai Banking Corporation Ltd.) 6. National Bank of Pakistan 7. Standard Chartered Bank 8. State Bank of India 9. Woori Bank Specialized Bank: 1. Bangladesh...
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...GROUP MEMBERS M.FURQAN YOUNAS M10MBA007 MUHAMMAD AHMAD M10MBA022 JUNAID ALI SULERI M10MBA006 NABEEL TAJ GHORI M10MBA027 TABLE OF CONTENTS Introduction………………………………………………………………….. ………. 03 Definition …………………………………………………………………………………… 07 Factors to be in mind while going for auto finance………………………. 07 Financing Glossary ………………………………………………………………………. 09 Best deal ………………………………………………………………………………………. 12 Prudential rules and regulations of SBP ………………………………………. 14 How does auto financing work ……………………………………………………… 16 Types of Auto Finance ………………………………………………………………. 19 Drawbacks of Auto finance ………………………………………………………… 20 Ijarah car financing ………………………………………………………………………. 22 Auto finance by commercial banks in Pakistan …………………………….. 25 Difference between ijara and conventional Auto Finance …………….. 33 Issuue of takaful…………………………………………………………………………… 37 Conclusion …………………………………………………………………………………… 39 INTRODUCTION: The subject of car finance comprises the different financial products which allows someone to acquire a car with any arrangement other than a single lump payment. The provision of car finance by a third party supplier allows the acquirer to provide for and raise the funds to compensate the initial owner, either a dealer or manufacturer. For Business sector finance: Car finance is required by both private individuals and businesses. All types of finance products are available to either sector, however the market share by finance type for each sector...
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...Risk Management in Islamic and Conventional Banks: A Differential Analysis Salman Ahmed Shaikh* Dr. Amanat Ali Jalbani Abstract Islamic banking is interest-free banking which makes it necessary for Islamic banks to take active part in the operations of the business, i.e. share profits as well as losses. Banks including Islamic banks prefer to take minimum risk. On the surface, it may seem that Islamic banks face more risk and hence, will have more volatile or even negative returns on their assets. This paper analyzes the risk management procedures of Islamic banks by giving a differential analysis of risk management discussing only the unique characteristics of risk management in Islamic Banking. The usual credit assessment procedures and BASEL are not discussed. This paper looks at the comparative performance of Islamic banks and conventional banks by using ROE as the benchmark. Keywords: Risk management, commercial banking, Islamic banking, price risk 1. Introduction 1.1. Background of the Study Islamic Banking was first introduced in 1959 in Egypt. Since then, Islamic Banking is growing rapidly throughout the world and has been introduced in more than 60 countries of the world so far. Global financial players like Citibank, ABN AMRO, American Express Bank, HSBC, etc. are also participating in Islamic Banking and Financial Industry. However, skepticism still surrounds Islamic Banking keeping into view the earlier demise of BCCI. Profit and loss sharing...
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...PERFORMANCE OF Islamic bank Versus CONVENTIONAL BANK (A COMPARATIVE STUDY) A RESEARCH REPORT SUBMITTED by SAAD SIDDIQ to University of Karachi in partial fulfillment of the requirement for the degree of BUSINESS ADMINISTRATION In MARKETING This thesis has been accepted for the faculty of UNIVERSITY OF KARACHI ACKNOWLEDGMENTS Thanks to Allah the All Merciful the all Benevolent for providing me the strength, courage, direction and skills to learn, acquire knowledge, and the ability to accept and meet challenges. Second I would like to thank all those people who have helped me in performing this research study.. I would like to give credit for those who gave their precious time to conduct the interview session and to those who filled the questionnaires. I would like to express my sincere gratitude to my supervisor Sir Mehmood Qasim for providing me his precious time, guidance, and instructions all along in order to materialize my content for the report.I am also thankful to my parents who accommodated me during those long hours of work in my project development and all the friends and colleagues who helped me out in my times of weakness and encouraged me. I am hopeful that the effort will be fruitful for the students to come in KU after us. Once again, I am very thankful to all people who have been involved in this thesis report directly or indirectly. Abstract This project compares the performance of Islamic banks and conventional...
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