Premium Essay

A Study of Foreign Exchange Operation of Islami Bank Bangladesh Limited”.

In: Business and Management

Submitted By lubna0841
Words 13510
Pages 55
[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 |Page No. |
|Chapter-1 | |
|Introduction | |
|1.1 Meaning of Islamic Banking…...

Similar Documents

Premium Essay

Overview of Banking Operations in Shahjalal Islami Bank Limited

...in banking sector and the organization is the SJIB in this regard. I selected the research topic as “ Overview of Banking Operations in Shahjalal Islamic Bank”. 1.1 Objective of the study: • The difference between Islamic and Conventional banking system • Overview and analysis of SJIBL • Overview of the Islamic Banking industry in Bangladesh • Concept of Islamic Banking 1.2 Source of Information: • Primary source : The primary source of information was gathered from the practical working experience during the internship period. • Secondary information : The secondary information was gathered from Bank’s Annual Reports, Manuals, Guidelines and Internet etc. 1.3 Scope of the study: This project has stipulated its analysis to the Islamic Banking system in Bangladesh only. Mainly SJIBL has been discussed here to understand the Islamic banking system. The study also covered the overall scenario of the Islamic Banking industry in Bangladesh and has also covered the differences between Islamic and Conventional banking system. 1.4 Limitations of the study There are some limitations in my study. I faced some problems during the study which is mentioned below. • Lack of time: The time period of this study is very short. I had only 5 weeks in my hand to complete this report, which was not enough. So I could not go in depth of the study. Sometimes the officials were busy and were busy and were not able to give me much time. • Insufficient data: Some......

Words: 11867 - Pages: 48

Premium Essay

Foreign Exchange Operations of Ab Bank

...  Internship Report        Foreign Trade Division        Internship Report                                                                                               On  Foreign Trade Division Of  AB Bank Limited      Prepared for  Mohammad Zakir Hossain Sharkar  Senior Lecturer                                                                                   Submitted by Mirza Sarah Alam ID # 05104026                     Date of Submission  15 December,2009.  LETTER OF TRANSMITTAL December 15, 2009 TO Mohammad Zakir Hossain Sharkar Senior Lecturer BRAC Business School BRAC University. Subject:- Submission of Internship on “Foreign trade management System of ABBL” Sir, As a part of BBA Program an internship report is enclosed herewith. The report was prepared on “Foreign trade management System of ABBL” .In the course of preparation the report relevant documents, data, information were studied and practical knowledge had been gathered. I pray and hope that the mistakes, the report may have, will be kindly excused. Lastly, I beg your kind consideration for evaluating this report. Thanking you very much indeed. Sincerely Yours, Mirza Sarah Alam Department-BBS ID- 05104026 Acknowledgment At the very beginning, I would like to express my deepest gratitude to almighty Allah for giving me the strength & the composure to complete the internship report. Words actually will never be enough to express how grateful I am, but never the less I shall try my level best......

Words: 15456 - Pages: 62

Premium Essay

Foreign Exchange Activities of Jamuna Bank

... Internship Report, internship document , internship term paper. ON FOREIGN EXCHANGE ACTIVITIES OF JAMUNA BANK LTD. [pic] Submitted to Lecturer Department Of Business Administration Southeast University Submitted by Md.Mahbubul alam Program: BBA Major: Finance ID: M20811111090 Batch: 15th [pic] Acknowledgement At first I convey my special thanks to Lecturer Ms. Jannatul Ferdaous, my honorable supervisor for her proper supervision during her busy days. Also thanks to Mr. Engr. S.M. Anisuzzaman, VP and Branch Incharge, Jamuna Bank Limited, Sonargaon Road Branch for his cooperation during my internship period in the Bank. Then thanks to all other officials of JBL, SRB specially Mr. Khalad Mosharaf (FEO), Mr. Illias Uddin Ahamed Chowdhury (SEO), Mr. Yousuf Solaiman Russel (JAVP), Mr. Yeasir Mahamud (SEO), Ms. Roksana (EO) and Mr. Anwarul Kobir (FAVP) & sub Manager, for their cooperation, appreciation and amiable behavior which made my internship report worthy and valuable. I also express my special thanks to my intern colleagues of the Bank. Finally I apologize to those whose names I have not mentioned in my acknowledgment. However they are in the core of my heart and I am always grateful to them. (Md. Nazmus Sakib) BBA, Major in HRM...

Words: 12432 - Pages: 50

Premium Essay

Co-Operation Between Internal and External Auditors: a Comparative Study on Nationalized and Foreign Banks in Bangladesh

...Volume 2. Number 2. September 2010. Pp. 22 - 35 Co-operation between Internal and External Auditors: A Comparative Study on Nationalized and Foreign Banks in Bangladesh Rehana Fowzia Effective co-operation between internal and external audit leads to a range of benefits for both parties, and the clients they serve. This study comparatively examines the influence of different factors on co-operation between internal and external auditors of foreign banks with nationalized banks in Bangladesh. Empirical evidence reveals that co-operation promoted through management and the audit committee is the most important factor for assessing co-operation between internal and external auditors in both nationalized banks and foreign banks. The overall comparative analysis shows that the total difference regarding the contribution of diverse factors on assessing the co-operation between internal and external auditors between nationalized banks and foreign banks is insignificant. But the position of nationalized banks is better than foreign banks in Bangladesh. Keywords: Internal auditor, External auditor, Co-operation, Nationalized banks, Foreign banks. Field of Research: Auditing. 1. Introduction Internal auditors are employees of a company hired to assess and evaluate its system of internal control. To maintain independence, they present their reports directly to the board of directors or to top management. They provide functional operation to the concern. Internal auditors are employed......

Words: 6181 - Pages: 25

Premium Essay

Froeign Exchange Performance Analysis of Islami Bank Bangladesh Ltd.

...Foreign Exchange Performance Analysis of Islamic Bank Bangladesh Ltd. A Report On Foreign Exchange Performance Analysis of Islamic Bank Bangladesh Ltd. Prepared For: The Chairman Fourth Year Examination Committee 2013 Prepared 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...

Words: 10400 - Pages: 42

Premium Essay

A Study on Investment Management Activities of Islami Bank Bangladesh Ltd

...A STUDY ON INVESTMENT MANAGEMENT ACTIVITIES OF ISLAMI BANK BANGLADESH LIMITED PREFACE Bank is a part and parcel of the modern economy of any country. Like any other countries in the world banks play the most crucial role not in the economic but also the social, political environment in Bangladesh. Even it is wise to say that the financial sector of Bangladesh is solely dominated by the banking sector, because the non bank financial sector of Bangladesh is yet to develop to desired level, although it is growing very rapidly. The invention of banking based on Islamic shariah is a relatively new concept in the global banking arena. Now a day the Islamic Shariah based banks are not operating only in the Muslim countries but also in non Muslim countries with the same level of faith and efficiencies parallel to the conventional interest based banks. Even in some cases some of the Islamic Shariah based banks has exceeded their competing traditional banks in terms of service quality and some other key financial indicators. In Bangladesh Muslim constitutes more than 80% of her total population. These people possess strong faith on Allah and they want to lead their lives as per the instructions given in the holy Quran and Sunnah; the way shown by the prophet Hazrat Muhammad (Sm). But no Islamic banking system was developed here up to 1983. The Traditional banking sector was fully based on interest. This is why most of our......

Words: 48877 - Pages: 196

Premium Essay

General Banking Division of Social Islami Bank Limited

...Introduction 1.1 Background of the Study Banking system occupies an important place in a nation's economy because of its intermediary role; it ensures allocation and relocation of resources and keeps up the momentum of economic activities. In a developing country like Bangladesh, the banking system as a whole has a vital role to play in the progress of the economic development. The demand , motivations and priorities of the consumers are the first crucial steps towards the improvement of customer satisfaction .And customer will satisfied if they get proper products and services . Deposits are the most important department of any bank. It consists of current, saving and fixed deposit transaction etc, the core objectives of deposit is to increase the economic growth of the nation. This department is very important for the bank, which requires knowledge based banking activities. No country can survive without a perfect Deposit mechanism, that’s why I put emphasis on this department. Quality customer service by Deposit department is essential to building customer relationships .The high level of customer loyalty depend on the quality of the core services. If a service provided by this department is not up to the mark then a company can lose its loyal customer. And it also can’t be able to get new customers. The department should use new technology and should develop new strategies for satisfying the customers. And if the manager and the......

Words: 15424 - Pages: 62

Premium Essay

An Overview of Foreign Exchange Management System of Jamuna Bank Limited

...1.1 Introduction Banking Industry is one of the most promising industries of our country. Bank is a financial institution of any country. The importance of the sector revealed through its contribution in the economic growth of the country. Bank has kept in vital role in economy day by day. Bangladesh‘s economy is surviving to free from the most underdeveloped economics. Banking industry is extending in various activities domestically and globally of the world. Our daily work is easily and fast aspect of transaction. The economic development of our country mainly depend upon the efficiency of the banking results is so far as, whether the bankers have been able to read the economic situation properly and are successful in selecting the promising industrial sectors seeking import and export assistance to grow. Bank can be defined as” a financial intermediate a dealer in loans and debts”. It is support of customers and clients all kinds of transaction through the technology. Bangladesh bank keeps monitoring banks performances. Jamuna Bank Ltd is a commercial private bank of the banking sector in our country it provides excellence services to the customers in short time. They always try to provide better services from other banks. So I have chosen Jamuna Bank because it is very first emergence and inception of modern civilization, Bank plays a pivotal role in case of overall financial & socio-economic development of any modern country. Nearly all sector contributed to the......

Words: 11753 - Pages: 48

Premium Essay

Hr Pratics in Islami Bank Bangladesh Ltd.

...Limitation There have been several limitations we have faced while completing the term paper. At every stage in this study we have been tried to be done with reasonable level of competence in the field of Human Resource Department. Despite of these efforts some internal and external shortcomings have been observed while doing the information collection, field working and editing and analyzing the data obtained from the respondents. The major limitations are as the followings: 1. Most of the respondents are not encourage to our survey, so a big portion of response error has been occurred at the initial stage. 2. No pre-contact with the employees have been ensured prior to the survey, which was necessary. 3. Relevant papers and documents were not available sufficiently because of confidentiality. In many case, up to date information is not available. The lack of knowledge about the sources of secondary data is also a limitation of this study. 4. Information was taken by bank from Dhaka city in one Branch only; it does not represent the rest of the country. 5. Some of the options are not adequately categorized. Where the information about the compensation of the employees as their demographic information has to be given; there could be a customize option for Compensation. This limitation results in a number of response errors. 6. In some cases lack of coordination with the some of the employees has caused turbulence & confusion......

Words: 4486 - Pages: 18

Premium Essay

Foreign Exchange Policy Exim Bank Limited

...FOREIGN EXCHANGE POLICY EXIM BANK LIMITED A CRITICLE EVALUATION (Internship Report) Supervisor Mr. Bazlur Rahman Lecturer Department of Marketing Studies & International marketing University of Chittagong Prepared By Md Sarwar kamal Roll: R 143042 Department of Marketing Studies & International marketing University of Chittagong March 2008 LETTER OF SUBMISSION Date: February 08, 2008 To Chairman Department of Marketing Studies &International Marketing University of Chittagong. Through, Supervisor Department of Marketing Studies &International Marketing University of Chittagong. Sub : Submission of Internship Report. Dear Sir, Here is my report on “Foreign Exchange policy of EXIM BANK Limited : A Critical Evaluation ” submitted to your honor. A methodological research was conducted to prepare the report for fulfillment of the requirement of Internship Program, an integral part to the academic curriculum for MBA. This report has been prepared on the basis of the findings out of the research work with practical knowledge, which includes collection of primary and secondary data, discussion with the executives and study on relevant books and publications. I have studied on relevant issues and tried to highlight the pros and cons of it accordingly in this regard. I have also tried to reflect all the findings of my study in this report to the point to make it a rich one. I would like to express...

Words: 15498 - Pages: 62

Premium Essay

Mercantile Bank Foreign Exchanges

...Certificate of The Project Guide This is to certify that the extensive study entitled “Operational Aspect of Foreign Exchange Department of Mercantile Bank Limited” Conducted on behalf of MERCANTILE BANK LIMITED, Branch of Mirpur Prepared in partial accomplishment of the requirement for the award of the degree in Bachelor of Business Administration From Stamford University of Bangladesh Is a record of extensive examine carried out By Md.Rokon Uddin BBA-02405912(24th Batch) Under my supervision & guidance.No part of this report has been submitted for the award of any degree/diploma/fellowship or other similar designation or accolade. Mrs.Rima Parvin Certificate of Approval The Internship Report of Md.Rokon Uddin BBA-02405912(24th Batch) Stamford University of Bangladesh Titled “Operational Aspect of Foreign Exchange Department of Mercantile Bank Limited” Conducted on behalf of MERCANTILE BANK LIMITED,Branch of Mirpur Is approved and is suitable in eminence and figure. Mrs. Rima Parvin Letter of Submission , 2009 Mrs.Rima Parvin Lecturer Department of Business Administration Stamford University, Bangladesh. SUBMISSION OF INTERNSHIP REPORT Dear Madam With immense......

Words: 17487 - Pages: 70

Premium Essay

A Comparative Study on Mercantile Bank Limited, Bangladesh

...RESEARCH PAPER On TRADE FINANCE IN SOUTH ASIA A Comparative study on Mercantile Bank Limited, BANGLADESH By Md Helal Uddin M. Com (Marketing) 1st Class 1st, MBA (Finance & Accounting), First Assistant Vice President, Mercantile Bank Limited, Address: 61 Dilkusha C/A, Dhaka-1000, Bangladesh, Phone: +88029559333 Ext 119 Mobile: +8801 713199820 Fax: +9554410, Email: ranambl@yahoo.com Electronic copy available at: http://ssrn.com/abstract=1010549 August 21, 2007 To The School of Banking & Finance and the Asia Pacific Financial Research Centre at the University of New South Wales Dear Sir or Madam: Subject: TRADE FINANCE IN SOUTH ASIA A Comparative study on Mercantile Bank Limited, BANGLADESH With due respect, I am submitting here with my Research paper on the abovementioned title for the 20 th Australasian Finance & Banking Conference in Sydney on the 12 th , 13 th & 14 th December, 2007. It was a great pleasure to me to work with the topic since I am also serving in Bank. I have tried my best to make the report comprehensive and acceptable. Please, do call me for any clarification regarding the report, if required. Thanking you. Sincerely yours. Md. Helal Uddin Electronic copy available at: http://ssrn.com/abstract=1010549 INTRODUCTION The Trade Finance is science that describes the management of money, banking, credit, investments and assets for international trade transactions. Companies involved with trade finance......

Words: 18330 - Pages: 74

Premium Essay

Trust Bank Bangladesh Limited

...existence of financial institutions facilitates such exchange of resources. As a result, both the borrowers and lenders are better off than they would have been without financial institutions and market intermediaries. Thus, these financial institutions, such as banks, have a positive role in financing and investment which is a multidimensional process involving the complexity of many interrelated and interdependent factors of diversified nature. It is difficult to assess the contribution of each factor independently. The key to successful banking lays in the ability of balance many activities simultaneously. The bank must maintain a healthy growth rate, while at the same time it must take action to minimize the risks it faces. The bank must also maintain enough cash on hand to meet obligations. All of these are related to sound performance of a bank. Evaluating Bank Performance, examines the basic risk and return features of commercial banks. The financial performance evaluation demonstrates the strengths and weaknesses of bank performance over time. The Trust Bank Ltd. has a responsibility to ensure efficient and effective banking operation in a sound manner. The study will look at the amount of liquidity that TBL has available to meet any reasonable demands that might have to meet, how it manages general banking, Credit department and Foreign exchange Operation, what is the position in terms of profitability and how the bank manages its capital so that it has sufficient......

Words: 4013 - Pages: 17

Free Essay

Foreign Exchange Activities of Exim Bank of Bangladesh Ltd.

...every person to have some idea on the bank and banking procedure. Internship program is essential for every student, especially for the students of Business Administration, which helps them to known the real life situation. 1.1 Background of the Report: This report was being assigned as a part of the BBA Program. To prepare the report under the BBA program requirement, I accommodate my internship program in the EXIM Bank Limited. For the completion of the program, I have already prepared a report. This report is being formed on the most important issue “Foreign Exchange performance of EXIM Bank Limited”. The entire report is based on practical experience of EXIM Bank Limited. I have tried to furnish all the issue that I gathered from through working with EXIM Bank limited. 1.2 Objective of the Report: The objective of the report are mentioned according to the priority- 1. The most significant objective of preparing and submitting this report is to completion of the BBA program. 2. To gain practical experience in the job field is another most important objective. 3. To have a clear idea about the foreign exchange performance of EXIM Bank Limited is also required. 1.3 Scope of the Report: This report provides a brief idea about the banking functions, management, organizational structure, foreign exchange activities – export and import, foreign remittance, financial performance, performance of foreign exchange activities and risk management. The......

Words: 14654 - Pages: 59

Premium Essay

General Banking Operations of Islami Bank

...General Banking Operations General banking provides the foundation of banker – customer relation ship through openingaccount. This is the busiest department and the daily transactions of concerned to thecustomers for drawing or depository money , selling of the instrument to them for remittance purpose, collection of their instruments providing other services to them and keep customer section busy.Usually the following sections/departments are involved to perform the general bankingoperations: ˃ Cash Section ˃ Bills & Remittance Section ˃ Clearing and Collection Section ˃ Accounts Section Mudaraba The word 'Mudaraba' has been derived from Arabic word 'Darb'/'Darbun' which means“Travel”. Thus the word ‘Mudaraba’ means travel for undertaking business.Mudaraba is a form of partnership in profit whereby one party provides capital and the other party provides skill and labour.The provider of capital is called ‘Shahib-al-Mal’ or the ‘Rabb-ul-Mal’ (the financier or owner of the fund) and acts like a sleeping or dormant partner while the provider of skill and labour is called ‘Mudarib’ (entrepreneur/organizer) who provides the entrepreneurship andmanagement for carrying on any venture, trade, industry or service with the objectives of earning profits.Both the parties share the profit as per pre-agreed ratio and the losses, if any, being borne bythe provider of capital i.e. ‘Shahib-al-Mal’ except if it is due to breach of trust, misconduct,negligence or violation of......

Words: 9686 - Pages: 39