...successfully. First of all, I would like to express my heartiest gratitude to my venerable supervisor Mr Abu Syeed Muhammed Abdullah lecturer, Department of Business Administration, Sylhet International University for his kind and sincere guidance, constructive criticism and personal supervision all through my work. I am adorned with very realistic experience of all my teachers, Department of Business Administration, SIU, Sylhet who teaches good planning, perseverance and hard work are gateway to development. I am also indebted to the authority of First Security Islami Bank Limited (FSIBL) for giving me the chance for internship. Especially I convey my gratitude to Abu Zaygom Niaz Ahmed Chowdhury, VP & Branch Manager, Sylhet Branch, FSIBL, for empower me to carry out the internship in Sylhet Branch. My earnest gratefulness and respect goes to my Bank supervisor, Mohammad Arifur Rahman, Officer of FSIBL, Sylhet Branch. He assigned responsibilities to me and allowed me enough latitude to do it my own way and learn for my own self. I am grateful to the following persons, without their instruction and collaboration it would not be possible for me to complete this Internship Report: ← Sayed Mahbub-E-Elahi (Principal Officer). ← Showkot Mahmud Chowdhury (Junior Officer). ← Tanvir Ahmed Chowdhury, Arun Kumar Biswash & Sheik Tubarak Hussain (Assistant Officer). Deep sense of gratitude and profound respect goes to all the Officers...
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...1.Introduction Students are usally couraged to work on economic, finance, monetary & other bank related topics keeping pace with their future career. Banks are dominent inatitutions of national & international financial system. It has become the heart of the economy. Banks cannot remain indifferent to developments in national as well as international financial system. Banks are highly leverage & exposed to exchange rate risk, international interest rate risks. Now a days we are living in a global village- no economy is insulated from the world economy. Banking sector of the world is contributed in the present global economy. To establish a strong banking sector it is required to have good study in banking operations. Today’s Economic policy is concerned to obtain the optimum economic success in a country’s economy. Banking sector and banking activities are playing a vital and important role to achieve that optimum goal of the economy. The successful running of banking business depends upon effective banking operation. As a new commercial bank FIRST SECURITY ISLAMI BANK LTD. has a huge responsibility to ensure efficient and effective banking operation all over the Bangladesh in a sound manner with other Banks as a competitor.Banking sector is indispensable part in a modern age and modern society. Italways plays a vital role to the economic development of a country. In modern age of science and technology the banking sector all over the world has been undergoing...
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...Bank is nothing but an intermediary between lender (surplus unit) and borrowers (deficit unit). Savings and deposits are the main strength of the banks to provide loan. And the interest earned from the difference borrowing and lending is the major portion of banks income. Banks also earns from variety of operation. General banking is the side where banks offer different alternatives to the clients to deposit and remit their money. Accounts division is also included in general banking. To encourage the clients, bank offers different options in front of their clients. Most of these options are very much similar between the banks, but the customer services and facilities may not be the same. First Security Islami Bank Limited has variety of services provided to the retail as well as for corporate clients. The services provided under general banking include the following: * Account opening * Account closing * Cheque book issue * Remittance * Clearing * Crossing * Endorsements * Dispatch Account opening: Initially all the accounts are opened through deposit money by the customer and these accounts are called deposit account. Normally a person needs to open an account to take services from the bank. Without opening an account, one can not enjoy variety of services from the bank. Thus, the banking usually begins through the opening of the account with the bank. Bank accounts are mainly of three (3) types: 1. Al-Wadiah Current Deposit Account(CD) ...
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...Management Efficiency Senior Management FSIBL is functioning with a highly professional management team headed by the Managing Director Mr. A. A. M. Zakaria. Among other senior executives currently Two DMD, One Principal (Training Center), Two SEVP, six EVP, Seven SVP, Eleven VP, Nine FVP, fifteen SAVP, sixteen AVP and eighteen FAVP are discharging their services in progression of the banks business. Managing Director Mr. A. A. M. Zakaria, Managing Director of the bank is an eminent banking personality having long 33 years of experience in banking industry. After successful completion of his B.A. (Hons), M.A. in Economics from Dhaka University, Mr. A. A. M. Zakaria has started his banking career in 1977 as Senior Officer of Rupali Bank. Before the current responsibility, Mr. A. A. M. Zakaria was the Deputy Managing Director of Dutch-Bangla Bank Limited. In his multi-greeted banking service, Mr. A. A. M. Zakaria participated in many courses, training program and workshops on banking at home and abroad. Mr. A. A. M. Zakaria joined in FSIBL on 7th August 2005 as Managing Director. Top management of the bank is supported by human resource strength of aroung 1200 executives and officers. For smooth functioning of the Bank, following committees have been formed: Management committee (MANCOM) comprises of senior members of the management headed by Managing Director of the bank. Head of HRD is the member secretary of the committee and Head of IMRD, Head of IC&C including DMD are...
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...Islami Bank Limited Introduction: Bank is a financial intermediary whose prime function is to move scarce resources in the form of credit from savers to those who borrow for consumption and investment. In a modern society, banks are very much important to the economy because of their ability to create money. Commercial banks are profit seeking enterprises. Balancing risk and return in their portfolio management with the goal of maximizing shareholder wealth. A bank is an organization that engages in the business of banking. Lending comprises a very large portion of a bank's total assets and forms the backbone of the bank. Interest on lending constitutes the highest proportion of income of a bank. Statement of the Problem: Though FSIBL (First Security Islami Bank Limited) is one of the most famous leading banks in Bangladesh, it is currently facing the following problems in meeting different issues: ❖ No available branch in the important place in Bangladesh. ❖ No available ATM booth in important place in Bangladesh. Relation of the study: Knowledge and learning become perfect when it is associated with theory and practice. Theoretical knowledge gets its perfection with practical application. The study is very much related to the MBA program in Banking. The study helps to compare the knowledge gathered from the program and the real world banking sector operation. I have come...
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...for the Degree Bachelor of Business Administration INDEPENDENT UNIVERSITY, BANGLADESH May, 2013 Comparative study of Foreign Exchange Operations of FSIBL 1 AN OVERVIEW OF FOREIGN EXCHANGE OPERATION (IMPORT PROCEDURE) OF FIRST SECURITY ISLAMI BANK LTD. & A COMPARATIVE ANALYSIS WITH OTHER BANKS by Taslima Akter ID# 0931048 has been approved 9th May 2013 ______________________________ Abul Khair Jyote Lecturer, Marketing School of Business Independent University, Bangladesh Comparative study of Foreign Exchange Operations of FSIBL 2 Table of Contents Particulars Page No. Letter of Transmittal 01 Acknowledgement Executive Summary 02 04 Chapter-01 Introduction Overview of First Security Islami Bank Ltd Vision 06 07 08 Mission Strategies Financial Highlights Corporate Information 08 09 10 11 Board of Directors Products And Services Organizational Structure My job Responsibilities Branch Network 12 13 14 15 15 Findings Recommendations 15 16 Chapter-02 Introduction Background of the Report Scope of the Study: Objective of the Study Benefit of the report Limitations of the Study 17 17 18 18 19 19 Chapter-03 Literature Review 21 Chapter-04 Methodology 23 Chapter-5 Foreign Exchange (Import Procedure) Foreign Exchange 24 Foreign Exchange Control 24 Comparative study of Foreign Exchange Operations of FSIBL 3 Functions of Foreign Exchange: 25 Different modes of International Trade Payments Risks involved in Foreign Exchange Business Documents Used In...
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...Internship Report On Credit Management Of First Security Islami Bank Limited(FSIBL) - A Case Study Supervised by Kamrul Hasan Assistant Professor Department of Business Administration Southern University Bangladesh Prepared By Rahul Palit ID-111-30-14 Major –Finance Date of submission: 8th OCTOBER, 2012 Letter of Transmittal 8th OCTOBER, 2012 Dean Faculty of Business Administration Southern University Bangladesh Subject: Submission of Internship Report. Dear Sir, It is my great pleasure to submit the internship report on Credit Management of First Security Islami Bank Limited (FSIBL) - A Case Study. I made sincere efforts to study related materials, documents, observe operations performed in First Security Islami Bank Limited. and examine relevant records for preparation of the report. I had to put in a lot of effort & hard work to the preparation of this report with the help of all the bank officials in the Bahadder Hat Branch. Within the time limit, I have to make this report as comprehensive as possible. But there may be some mistakes due to various limitations. For this reason, I ask for your kind consideration in this regard. Yours Faithfully, --------------------------Rahul Palit ID-111-30-14 Students Declaration I hereby announced that the extensive study entitled Credit Management of First Security Islami Bank Limited (FSIBL) - A Case Study.(Conducted on behalf of First Security Islami Bank Limited, Head Office, HR Division)Prepared in partial...
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...Ferdous Chowdhury, Lecturer, Department of BusinessAdministration, Leading University, Sylhet, also approved the topic and authorized me to prepare this report as part of the fulfillment of internship requirement. 1.2 Objectives The objective of this report is to focus on two broad issues. One is to briefly look at FirstSecurity Islamic Bank and understand the whole banking process, keeping close attention ontheir culture. The second objective and the main issues of this report is as follows- • To briefly discuss about the different investments made by FSIBL and discuss their process, policies and regulations. • To briefly discuss about the consumer credit approval procedure of the Bank as a system. • Analyze different important risk assessment criteria in credit risk management. 1.3 Scope The report limits its scope to First Security Islamic Bank only. 1 1.4 Limitations • Information at the bank is confidential & critical. FSIBL maintains their credit policy and different statistical information strictly confidential. • The findings are not statistically validated. No statistical analysis is done. The findings are not statistically...
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...4.1 Investment Process of FSIBL: Generally a bank takes several steps to deliver its proposed investment to the client. The process takes deep analysis because it invests deposit fund not its own fund. If the bank fails to meet the depositors demand, then it must collapse. So each bank specially Islamic bank should take strong concentration on investment proposal. However, First Security Islami Bank Limited (FSIBL) makes its investment decision through successfully passing the following crucial steps: 4.1.1 Induction of new client: * Only potential and genuine clients having Al-Wadiah Current Account with proper introduction and with satisfactory transaction for a reasonable period (generally six month) should be induced as a investment clients. * Past performance of the client with other Bank/ Branches of the Bank to be looked into. * Satisfy about reputation of the client in the business community. General eligibility criteria for selecting a client as follows: * Bangladeshi Nationality, physical capable and age limit from 18 to 60 years. * Proprietorship/ Partnership/ Private Limited Company. * Valid licenses like Trade Licenses, VAT registration, TIN etc. * Source and capacity of repayment backed by positive cash flow. * Definite market and prospect of future expansion. * Adequate infrastructure facility and manpower with required skill and experience. * Clean CIB report. * The client must have clear idea about the business and...
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...Chapter- 1 Introduction and Design of the chapter ▪ Introduction ▪ Scope of the study ▪ Objectives of the study ▪ Methodology ▪ Limitation of the study 1.1 Introduction: A bank is a financial institution, where people secure their money and use this institution as a source of possible finance. Banking in the form in which it exists nowadays is comparatively of recent origin. Before the advent of modern banking, direct finance, where the owner of capital deals directly with the user of capital, was the customary mode of transference of funds from savers to investors. Now, banks are engaged in various functions i.e., receiving, collecting, transferring, paying, lending, investing, dealing, exchanging, and servicing money and claims to money both locally and internationally. Bangladesh is a country suffering from immense social, political, economic and environmental issues and these issues need to be addressed for the overall development of this country. However, we all know that the people of the whole world are concerned about the environmental degradation, especially the rising of global temperature and thereby melting of glaciers and ice-berg in the polar region and consequently rising of sea level, which will directly affect the low lying countries...
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...it to the borrowers against interest cessation period. Under these circumstances of bank offers different interest rates and other options to the customers to remit and deposit their money. These options are very common among all the banks, but only the customer services and other facilities vary from bank to bank. 1.2Objectives of the study The objective of the study is to fulfill the requirement of BBA program well as the aim thirst of this study is to test whether the considered bank's activities, specially the loans & advances, are unequal to the conventional Banking system. Other objectives are: To fulfill the requirement for the award of the degree To gather overall knowledge about system To know the project investment scenario of FSIBL To evaluate the historical performance of operational efficiency of Islamic banks in Bangladesh To compare and contrast among the Islami banks’ performance 1.3 Methodology We have adopted both mathematical and descriptive analysis to find out the basic differences between the Islamic Banking system & Conventional Banking system. There are a lot of descriptive analyses that have also played a significant role in detecting my target finding. In my report we have considered Islami Bank Bangladesh Ltd which is based on Islamic banking...
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...Internship Report on “Overall Branch Banking and A Comprehensive Review on Investment of First Security Islami Bank Ltd” [pic] “Overall Branch Banking and A Comprehensive Review on Investment of First Security Islami Bank Ltd” Submitted to Dr. Mohammad Fashiul Alam Professor Department of Management Faculty of Business Administration, University of Chittagong. Submitted by Muhammed Ehsanuzzaman Program: EMBA ID No – 09535071 Batch – 34th School of Business University of Information Technology & Sciences 40/1, Zakir Hossain Road, Khulshi, Chittagong. Submission Date This report is submitted as the partial fulfillment of EMBA program Letter of Submission September 0, 2011. To Dr. Mohammad Fashiul Alam Professor Department of Management Faculty of Business Administration, University of Chittagong. Subject: Submission of Research Paper Dear Sir, It is my pleasure to submit my Research Paper on “Overall Branch Banking and A Comprehensive Review on Investment of First Security Islami Bank Ltd “as a part of E.M.B.A. Program. I tried my best to gather relevant information for preparing a complete report by following internship proposal. Without the sincere co-operation and proper guidance of you, it is not possible for me to prepare the report. For this act of kindness...
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...Chapter-One Introduction 1.0. Introduction of the Report[pic] The internship program is an integral part of Bachelor of Business Administration (BBA).This program creates a unique opportunity for the student to apply their theoretical knowledge into practice and gain valuable real world business experience. During the program, student can also realize existing business condition apart from having opportunities to solve the problem using various analytical tools. In the age of modern civilization bank is playing its spending role to keep the economic development wheel moving. The corporation of the bank is needed in every economic activity. In fact there is hardly any aspect of development activity where state inspired or otherwise where bank do not have role to play. Modern banks play an important part in promoting economic development of a country. Banks provide necessary funds for executing various programmers underway in the process of economic development. They collect savings of large masses of people scattered through out the country, which in the absence of banks would have remained ideal and unproductive. These scattered amounts are collected, pooled together and made available to commerce and industry for meeting the requirements. Economy of Bangladesh is in the group of world’s most underdeveloped economies. One of the reasons may be its underdeveloped banking system. Government as well as different international organizations have also identified that...
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...S w 908M68 CRESCENT STANDARD INVESTMENT BANK LIMITED — GOVERNANCE FAILURE1 Muntazar Bashir Ahmed wrote this case solely to provide material for class discussion. The author does not intend to illustrate either effective or ineffective handling of a managerial situation. The author may have disguised certain names and other identifying information to protect confidentiality. Ivey Management Services prohibits any form of reproduction, storage or transmittal without its written permission. Reproduction of this material is not covered under authorization by any reproduction rights organization. To order copies or request permission to reproduce materials, contact Ivey Publishing, Ivey Management Services, c/o Richard Ivey School of Business, The University of Western Ontario, London, Ontario, Canada, N6A 3K7; phone (519) 661-3208; fax (519) 661-3882; e-mail cases@ivey.uwo.ca. Copyright © 2008, Ivey Management Services Version: (A) 2008-12-12 KET Securities Limited’s head office at Karachi in Pakistan had been receiving unofficial reports since May 2006 that there had been a number of frauds at Crescent Standard Investment Bank Limited (CSIBL). This was confirmed when the bank did not circulate the audited accounts for the year ended December 31, 2005, even as late as August 2006. Early in September 2006, a business analyst at KET was asked to investigate what the press had been reporting. Management was shocked to read the information the newspapers had...
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...Corporate Social Responsibilities | | | | | | | | |Al-Arafah Islami Bank Foundation : | | | | | | | |The Bank has a Foundation launching philanthropic activities. Al-Arafah Islamic International School & College and Al-Arafah Islami Bank Library are major | |two wings for launching philanthropic activities. | | ...
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