...By Md. Wasiul Islam Exam ID: 100214 BBA Program, Session: 2009-10 Dept. of Finance & Banking Jahangirnagar University Savar, Dhaka – 1342 October 10, 2013 October 10, 2013 The Chairman Exam Committee Fourth Year Exam Committee 2013 Department of Finance & Banking Jahangirnagar University Savar, Dhaka-1342 Through: Mr. MD. Tarikul Islam, Thesis Supervisor Subject: Submission of the internship report/bachelor thesis Dear Sir: It is my pleasure to submit the Internship Report on “Analysis on Foreign Exchange Operation of Islamic Bank Bangladesh Ltd.” as approved by my internal supervisor, Mr. Md. Tarikul Islam and my external supervisor, Md. Hedayet Ullah, Course coordinator of Internship Program of IBBL. I expect your kind acceptance of the report my report. Thank you for giving me the opportunity to do such type of work. I tried my best to make it understandable, relevant and reliable. I also expect your cordial suggestions that will be a positive feedback for me to make better in future. Sincerely yours, MD. Wasiul Islam Exam ID: 100214 BBA Program, Session: 2009-10 Acknowledgement First of all I would like to thank the Almighty who gave me patience. In preparing this internship report, I have got full cooperation of the officers employees of Islami Bank Bangladesh Limited – Foreign Exchange Branch and members of IBTRA. I am highly grateful to the management of Islami bank Training & Research Academy (IBTRA) for giving...
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...[pic] On A Study of foreign exchange operation of Islami Bank Bangladesh Limited Acknowledgement At the very beginning I would like to thank Almighty Allah for giving me the strength to finish the project within the schedule time. During the preparation of this report I have received generous help from many individuals which I would like to mention with my deepest gratitude. First of all, I must take this opportunity to thank “Islami Bank Bangladesh Limited” for giving me the opportunity to complete my internship program in their organization. It was really a great opportunity to work on this topic, and which is really an important and exceptional report. I tried to dedicate my best trying and resources. But “Too Error is Human”, I am not exception to this, I have some limitations, also. My ultimate constraint was time, I invested beyond this report. If I could give more times, I could make it better in the point of view of doing “Discovery of Information”, “Recommendation” etc. Al last, I just want to say that I tried my best to make it realistic. I am extremely sorry for my limitations and constraints that had impact in making the “Internship Report” efficient and effective. [pic] |Topics ...
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...Investment and Foreign Exchange operation of Islami Bank Bangladesh Limited (IBBL) Table of Contents: LIST OF ILUSTRATION 5 Executive Summary 6 ACKNOWLEDGEMENT 7 CHAPTER ONE: INTRODUCTION: 8 1.1 PURPOSE 8 1.2 SCOPE: 8 1.3 BACKGROUND 9 1.4 METHODS OF DATA COLLECTION 10 1.5 LIMITATION OF THE STUDY: 11 CHAPTER TWO: PROFILE OF IBBL 12 2.1 INTRODUCTION: 12 2.2 DEFINITION OF ISLSMIIC BANK: 12 2.3 Historical Background of IBBL: 12 CHAPTERFOUR: FOREIGN EXCHANGE OPERATION 49 OF IBBL 49 4.2 FOREIGN EXCHANGE: 49 4.3 Functions of Foreign Exchange Department: 50 Exports: 50 LIST OF ILUSTRATION Executive Summary Islamic banking is relatively a new concept in the world. Before the inception of Islamic banking phenomenon, banks were institutes to be avoided by the millions of Muslims. Keeping aloof themselves from banking, Muslims began to loss their market in the world economy. As the competition the business world became more and more severe, businesspersons had no alternative banking premises and many of them were getting involved in the traditional banking. However, the traditional banking is based on interest, which is fully prohibited in Islam. To overcome this problem, Muslim scholars, philosophers, economists etc....
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...Investment and Foreign Exchange operation of Islami Bank Bangladesh Limited (IBBL) Table of Contents: LIST OF ILUSTRATION 5 Executive Summary 6 ACKNOWLEDGEMENT 7 CHAPTER ONE: INTRODUCTION: 8 1.1 PURPOSE 8 1.2 SCOPE: 8 1.3 BACKGROUND 9 1.4 METHODS OF DATA COLLECTION 10 1.5 LIMITATION OF THE STUDY: 11 CHAPTER TWO: PROFILE OF IBBL 12 2.1 INTRODUCTION: 12 2.2 DEFINITION OF ISLSMIIC BANK: 12 2.3 Historical Background of IBBL: 12 CHAPTERFOUR: FOREIGN EXCHANGE OPERATION 49 OF IBBL 49 4.2 FOREIGN EXCHANGE: 49 4.3 Functions of Foreign Exchange Department: 50 Exports: 50 LIST OF ILUSTRATION Executive Summary Islamic banking is relatively a new concept in the world. Before the inception of Islamic banking phenomenon, banks were institutes to be avoided by the millions of Muslims. Keeping aloof themselves from banking, Muslims began to loss their market in the world economy. As the competition the business world became more and more severe, businesspersons had no alternative banking premises and many of them were getting involved in the traditional banking. However, the traditional banking is based on interest, which is fully prohibited in Islam. To overcome this problem, Muslim scholars, philosophers, economists etc....
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...Background of the Study Islami Bank Bangladesh Limited (IBBL) is the first of its kind in the South East Asia which was established in 1983 with a view to provide banking services based on Islamic principles. The bank, which started its operation with only 3 branches in the first year of its inception, has now 254 branches in 28 years of operation. As a bank, Islami Bank Bangladesh Limited receives deposits from its customers from all over the country as well as from abroad on profit and loss sharing basis and deploys that fund to different investment clients to gain profit. The bank distributes an agreed portion of the profit earned to the customers and the shareholders. Islami Bank Bangladesh Limited also performs foreign exchange business. In this process, the bank endeavors to contribute to the betterment of the society. In the context of open market economy, the foreign exchange business is growing rapidly and playing a vital role in the economic growth of a country. About 40 % of total business of our country is rolling through foreign exchange transaction. Islami Bank Bangladesh Limited has significantly contributed in flow of international transactions. Among the private commercial bank of our country IBBL is being kept the first position in export, import, remittance flow and as well as earnings the operating profit. Why I have chosen this topic, because to focus the foreign exchange banking performance of IBBL & its activities as based on Islamic Shariah. This...
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...OVERVIEW OF FOREIGN EXCHANGE OPERATION (IMPORT PROCEDURE) OF FIRST SECURITY ISLAMI BANK LTD. & A COMPARATIVE ANALYSIS WITH OTHER BANKS by Taslima Akter ID# 0931048 An Internship Report Presented in Partial Fulfillment of the Requirements 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...
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...Chapter-01 Introduction Introduction The internship program is an integral part of Bachelor of Business Administration (BBA). For Bachelor of Business Administration (BBA) student only theoretical knowledge is not enough for handling the real life business situation. It is a great opportunity for the student to know about the real business operations through the internship program. Internship program is the perfect blend of the theoretical and the practical life experience. It is mandatory for any BBA student of University of Dhaka. For that reason this report is prepared on the Analysis of Foreign Exchange Operations of Sonali Bank Limited (SBL). Different terms that are related to the foreign exchange business and the detail scenario of the Sonali Bank Limited described in the report. Background of the Report The development of the modern economy would not have possible without the use of money. A first fundamental characteristic of money is that it is very much like collective and goods. It is a parallel relationship between money and banking. Bank is an important and essential institution for the necessity of the use of money and the protection of the money. As a BBA student, financial institutions are the most appropriate field to gather the experience and among the financial institution, bank is the most prominent place. With a view to supply skilled personals in banking arena, University of Dhaka has undertaking the internship training program for all BBA students. As...
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...Organization profile(IBBL) • Job description Organization profile Of Islami bank Bangladesh limited (IBBL) After reading this chapter reader will be able to know about; • Corporate profile of IBBL • Mission and Vision of IBBL • Objectives of IBBL • Features of IBBL • Functions of IBBL • Management structure of IBBL • Basic Facts • Major differences between Conventional Bank & IBBL Corporate profile of IBBL: Islami Bank Bangladesh Ltd. (IBBL) was incorporated on March 13, 1983 under the companies Act, 1913 as the first interest free Shariah based commercial bank in South East Asia. IBBL started functioning on March 30, 1983 and formally inaugurated on August 12, 1983. The bank was promoted by 23 local sponsors including the Government of Bangladesh and 4 local institutions and 13 foreign sponsors including Islamic Development Bank (IDB). The foreign investors hold 57.37% of total shares while the local investors hold the rest 42.63%. There is a Shariah council, which is entrusted with the responsibility for ensuring that the activities of the bank are being conducted on the precepts of Islam. IBBL is one of the leading first generation private sector banks in Bangladesh, which provides all kinds of commercial banking services to the customer. The bank went for IPO in November, 1985. The IBBL got enlisted with Dhaka Stock Exchange Ltd (DSE) in 1985 and Chittagong Stock Exchange Ltd. (CSE) in 1996. IBBL has been declared as...
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...INTRODUCTION 1.1 OBJECTIVE OF THE STUDY 1.2 METHODOLOGY OF THE STUDY 1.3 IMPORTANCE OF THE STUDY 1.4 LIMITATION OF THE STUDY 1.5 PURPOSE OF THE REPORT 2 ABOUT JANATA BANK LIMITED 2.1 VISION OF JANATA BANK 2.2 MISSION OF JANATA BANK 2.3 OBJECTIVES OF JANATA BANK 2.4 VALUES OF JANATA BANK 2.5 BUSINESS PHILOSOPHY OF JANATABANK LTD. 2.6 THEIR LONG TERM STRATEGY 2.7 BUSINESS AREAS OF JANATA BANK LTD. 2.8 ORGANIZATIONAL STRUCTURE OF JANATA BANK 2.9 History of the Bank 2.9.1 Functions of the Bank 2.9.2 Branch network 2.9.3 Management system 2.9.4 Products and Services 3 Introduction: 3.1 FUNCTIONS OF GENERAL BANKING: 3.1.1 Documents to be obtained for different types of account: 3.1.2 Remittance Section: 4 Foreign Exchange 5 Guarantee 6 Bank’s liability: 6.1 Fiscal incentives: 6.2 Financial incentives: 7 Remittance 7.1 Interest received from Loan for the last 3 years 8 BIBLIOGRAPHY 9 Findings 9.1 Possible Measures 10 Conclusion: INTRODUCTION Today’s fast growing companies need business banking services that fully meet their expectations for speed, convenience, efficiency and security. To ensure their optimum level of satisfaction, regarding their necessity for this type of affluent banking services different types of local as well as multinational banks are coming up with diverse and dynamic corporate banking services. The term “Bank” originally referred to an individual or organization, which acted as a moneychanger and exchanged one currency for another. According to Prof. Sayers – “Banks...
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...Problems and Prospects of Remittance Service in the Public Banking Sectors of Bangladesh (A study on Janata Bank Limited) [This internship report has been prepared as a partial fulfillment of the degree of Bachelor of Business Administration from Daffodil International University] SUBMITTED TO SheikhAbdur Rahim Assistant Proffesor Department of Business Administration Daffodil International University SUBMITTED BY Date of Submission: 2012 DAFFODIL INTERNATIONAL UNIVERSITY © Daffodil International University Library Page i Letter of Transmittal January, 2012 SheakAbdur Rahim Lecturer in Department of Business Administration Daffodil International University Subject: Submission of internship report for kind acceptance Dear Sir I am profoundly contended for being able to submit Internship Report on “Problem & prospects of remittance service in public banking sectors of Bangladesh (A case study on Janata Bank Limited)”which you have assigned me as partial requirement of BBA program. I have tried no stone unturned to prepare this report sincerely according to your advice, guidance, instructions and suggestions. It was a great source of inspiration and pleasure for me to work on this report. I shall be very glad to furnish with any explanation on this report necessary. Despite my great caution, I cannot but express my great concern to make any sort of mistakes. If such condition takes place, I would expect your sympathetic and graceful consideration...
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...[pic] ASA Tower, 23/3 Bir Uttam A.N.M. Nuruzzaman Sarak, Shymoli,Dhaka. 1207. Internship Report On “Modes of Investment of IBBL” Submitted To Dr. Md. Abdul Hye Professor & Dean Faculty of Business ASA University Bangladesh (ASAUB) Submitted By Sheikh Refath Jessan ID. No: 091-12-0293 Section: ACT-6A Major: Accounting Batch: 6th Program: BBA ASA University Bangladesh (ASAUB) Date: December 30, 2012 December 30,2012 Dr. Md. Abdul Hye Professor & Dean, Faculty of Business ASA University Bangladesh (ASAUB). Dear Sir: SUBMISSION OF INTERNSHIP REPORT I have the pleasure to submit the internship report on ‘Modes of Investment of Islami Bank Bangladesh Limited (IBBL)’ for your kind perusal and evaluation. It is a matter of immense pleasure for me to have the opportunity to prepare internship report on, ‘Modes of Investment of Islami Bank Bangladesh Limited (IBBL)’. I am grateful to you for allowing me to carry out such work and necessary co-operation and assistance from you during my report. I believe that the knowledge and experiences acquired while conducting this study will help me in many ways and the readers as well in future. I have tried my best to accommodate my ideas and findings as specifically as you asked about within the time frame and resources available I would like to mention that there might be some errors in the report...
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...to Islamic way of Life as it is mentioned in Quran and Sunnah. But it is not possible for the people to establish and design their economic lives in accordance with Shariah. The very objective of Shariah is to promote the welfare of the people that lies in safeguarding their faith, their life, their posterity and their wealth. In this regard to establish a banking world that run according to Shariah, the concept of Islamic Banking Arise. Its establishment in Bangladesh on 13th March 1983, named Islami Bank Bangladesh Limited (IBBL). The definition of Islamic Bank, as approved by the General Secretariat of the OIC- “An Islamic Bank is a Financial Institution whose statutes, rules and procedures expressly state its commitment to the principles of Islamic Shariah and to the banning of the receipt and payment of interest on any of its operation.” This paper is an attempt to evaluate the Different Modes Investment of Islamic Bank Bangladesh Ltd. (IBBL) in terms of productivity and effectiveness. [pic] There are mainly two objectives behind the preparation of this report such as primary objectives and secondary objectives. These are discussed as under: The initial Objective: The initial objective of preparing this report is to fulfill the partial requirements of the BBA program and to represent the ‘General Banking System’, ‘Investment mechanism’, and ‘Foreign Exchange Functions’ of Islami Bank Bangladesh Limited. Final Objective: The final objectives of this report are...
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...1.1Background A banking institution is indispensable in a modern society. It plays a pivotal role in the economic development of a country and forms the core of the money market in an advanced country. In recent times the banking sector over the world has been undergoing a lot of changes due to deregulation, technological innovation, globalization etc. Bangladesh banking sector is lagging far behind in adopting these changes. Bank plays an important role in the business sectors and in the industrialization of a country. Basically the banks take deposits from the customers against interest and lend 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’...
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... 1.1 Origin Of The Study Bachelor of Business Administration (BBA) is a specialized course on Business Administration. International Business Administration and Information System University (IBAISU) provide this specialized program to contribute efficient professionals in the business sector. IBAISU had designed this program with an excellent combination of practical and theoretical aspect. The whole program is divided in to twelve (12th) semesters. Out of the twelve semesters last semester (12th semester) is assigned for practical orientation. As a student of BBA with the requirement of my program I completed my internship program with the Islami Bank Bangladesh Ltd. (IBBL). I have tried my best to use this opportunity to enrich my knowledge on banking system. I have taken this opportunity to apply my knowledge, which I have learnt from my theoretical classes. I have tried my level best to present my experience of the practical orientation in this report. This report is also a requirement of my BBA program. 1.2 Objective of the Study Broad Objectives 1. The objective of the study is to gather practical knowledge regarding banking systems and operations, especially for loan and advances. 2. To gather the knowledge and idea about the business arena where there are so many scope for using loan and advances from the point of view of practical orientation and the legal procedures and accounting...
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...the internship Report titled Different Modes of Investment of Islami Bank Bangladesh Limited Kawran Bazar Branch and Its Investment Submitted in partial fulfillment of the requirement for the degree of Bachelor of Business Administration (BBA) is approved and accepted in form and quality. ________________ ____________________ Supervisor Committee Chairman ………………….. ………………………………….. Letter of Acceptance Date……..19th May 2012 This internship report entitle “Different Modes of Investment of IBBL” is prepared with thoughtful and relevant documents and ideas. This report submitted by MD. ………a student of BBA, Roll No……., has been acknowledging as it is acceptable....
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