...World Journal of Social Sciences Vol. 2. No. 6. September 2012 Issue. Pp. 1 – 13 Practice of Corporate Social Responsibility in Islamic Banks of Bangladesh Quazi Sagota Samina* The evolution of Shariah based profit –loss sharing centered Islamic banking, worldwide has changed the thought of financial institutions even of the developed countries in the west. On the other hand the recognition of importance of corporate social activities in the business organizations as well as in financial institutions has accelerated the significance of Islamic banks as in Islam these CSR practice have been emphasized in different ways. Likewise the Islamic financial institutions all over the world, Islamic banks in Bangladesh are also being engaged in various social activities as a part of their responsibilities. In this study it has been tried to find out whether the Islamic Banks of Bangladesh are adhering to the prescribed forms of the CSR activities or not. This paper is mainly designed based on the CSR forms to be followed by Islamic banks as has been prescribed by Farook (2007) in his study “On Corporate Social Responsibility of Islamic Financial Institutions” under the light of Islamic Shariah. The research found compliance to the mandatory forms by the 6 full fledged sample Islamic banks in Bangladesh whereas variety in involvement in recommended forms of CSR activities by considering the scenario of banks from 2007 to 2011. The study also finds a strong positive correlation between CSR...
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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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...DOCUMENTARY CREDIT TRACKING SYSTEM OF IBBL An internship report submitted for the satisfaction of the requirements for the degree of BACHELOR OF BUSINESS ADMINISTRATION By S.M. Tanvir Ferdous Id: B033112 Department of Business Administration International Islamic University Chittagong, Dhaka Campus Spring 2008 -1- DOCUMENTARY CREDIT TRACKING SYSTEM OF IBBL An internship report submitted for the satisfaction of the requirements for the degree of BACHELOR OF BUSINESS ADMINISTRATION Submitted To Md. Shariful Haque Assistant Professor Prepared By S.M. Tanvir Ferdous Id: B033112 Date of Submission: January 5, 2008 Department of Business Administration International Islamic University Chittagong, Dhaka Campus -2- Letter of Transmittal January 5, 2008 Md. Shariful Haque Assistant Professor DBA, IIUC Dhaka Campus Subject: Submission of the Internship Report Dear Sir, I am glad to inform you that I have completed my internship report on “Documentary Credit Tracking System of IBBL”. I have gathered extensive knowledge while I was doing this report. Though there was some limitation and difficulties but I tried my level best to eliminate those limitations with your help and your guideline. Since this is my first full form of co-relational study, I tried my level best to finish this study as professional manure. I highly appreciate the opportunity to prepare this report. Yours sincerely, S.M. Tanvir Ferdous Matric NO- B033112 Batch- 17A Department...
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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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...DOCUMENTARY CREDIT TRACKING SYSTEM OF IBBL An internship report submitted for the satisfaction of the requirements for the degree of BACHELOR OF BUSINESS ADMINISTRATION By S.M. Tanvir Ferdous Id: B033112 Department of Business Administration International Islamic University Chittagong, Dhaka Campus Spring 2008 -1- DOCUMENTARY CREDIT TRACKING SYSTEM OF IBBL An internship report submitted for the satisfaction of the requirements for the degree of BACHELOR OF BUSINESS ADMINISTRATION Submitted To Md. Shariful Haque Assistant Professor Prepared By S.M. Tanvir Ferdous Id: B033112 Date of Submission: January 5, 2008 Department of Business Administration International Islamic University Chittagong, Dhaka Campus -2- Letter of Transmittal January 5, 2008 Md. Shariful Haque Assistant Professor DBA, IIUC Dhaka Campus Subject: Submission of the Internship Report Dear Sir, I am glad to inform you that I have completed my internship report on “Documentary Credit Tracking System of IBBL”. I have gathered extensive knowledge while I was doing this report. Though there was some limitation and difficulties but I tried my level best to eliminate those limitations with your help and your guideline. Since this is my first full form of co-relational study, I tried my level best to finish this study as professional manure. I highly appreciate the opportunity to prepare this report. Yours sincerely, S.M. Tanvir Ferdous Matric NO- B033112 Batch- 17A Department of Business Administration...
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...Internship Report ON GENERAL BANKING AND MANAGEMENT INFORMATION SYSTEM (A STUDY ON UNITED COMMERCIAL BANK LIMITED) Course Code: BAN- 400 Course Title: Internship & Viva Prepared To: Md. Abdul Hamid Lecturer Businesss administration department Shahjalal University of Science & Technology, Sylhet. Prepared by: Md. Hedaitul Kabir BBA (Marketing) 4th Batch Reg No-2001731012 Date of submission: 06/11/2007 Shahjalal University of Science & Technology, Sylhet-3114 LETTER OF AUTHORIZATION This is certify that, this internship report on General banking and management information system a study on United Commercial Bank Ltd .Has been prepared by Md Hedaitul Kabir, reg no- 2001731012, Business administration department , 4th batch, sincerely and under my close supervision. I wish his all progress and success. Md. Abdul Hamid Lecturer Business administration department Shahjalal University of Science and Technology ...
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...Internship Report On Role of IBBL-Promoting Export, Import business & Inward Foreign Remittance Submitted To Islami Bank Training and Research Academy Submitted By: Name of the Student Md. Masud Yusuf Gazi Mohiuddin Ahmed Md. Rakibul Hasan Md. Deloar hossain Moheuddin Shadi Name of the University Ahsanullah University Of science and Technology Bangladesh Islami University Dafodil International University City University Bangladesh Islami University Date of Submission: 25.06.2012 Letter of Transmittal 25th June 2012 To Islami Bank Training and Research Academy Subject: Submission of report on “Role of IBBL-Promoting Export, Import business & Inward Foreign Remittance” Muhtaram. Assalamu Alaikum, With due respect we do hereby submit our Internship Report titled “Role of IBBL-Promoting Export, Import business & Inward Foreign Remittance” which was assigned to us as an integral part of our course requirements in B.B.A program. As we have been working in IBBL, Motijheel Local office, Dhaka, thus, it is a very good opportunity for us to prepare the report properly out of practical experiences &empirical data, as well as, application of theoretical knowledge. Preparing this report has been extremely challenging, interesting and rewarding experience. Now we are able to understand and utilize the key terms of Islamic Banking in banking sector. Now it is very easy for us to interpret any impact and its effect on bank. We would like to express our deepest gratitude...
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...Chapter-One RDS of IBBL toward Poverty Alleviation 1.1 INTRODUCTION Among the shariah based, banks IBBL is the largest commercial bank, which was established on 30th march 1983. At present it has 151 branches all over the country through which it collects more deposit than other commercial banks. IBBL becomes very famous to client for its different types of banking programs and for its social activities. Bangladesh is predominently an agricultural country with vast majority living in rural areas.Seasonal unemployment and under employment is so acute that many people remain idle and without job in most of the time of the year. As a result people in large numbers are migrating to urban areas, in search of employment thereby creating social and environmental hazard. Islamic bank has therefore, taken up a scheme to reactive the development approach. The objectives of the rural development scheme of Islami bank Bangladesh ltd are – 1. To create opportunity for generation of employment and raising income of the rural people with a view to alleviate poverty. 2. To diversify investment product to agricultural, other farming and rural off farming activities. 3. To establish model villages within 10 kilometres radius of designated branches of the bank. 4. To extend investment facilities of the bank in rural areas. 5. To finance self-employment particularly the rural unemployed youths and the rural poor. 6. To alleviate rural...
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...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 while creating the report. It also has affected the research conduction. 7. Problem has been faced regarding time management. Time constraint is a major limitation. To conduct a longer period of time should be spent to get a representative outcome. For the above reason, the term paper extent complicated for me. A. Islami Bank Bangladesh Ltd. (IBBL). Islami Bank Bangladesh Ltd. Is...
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...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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... 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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...Banking plays an important role in the economy of any country. In Bangladesh Muslim holds the majority of the population. Though, no Islamic banking but only traditional banking system was developed here till 1983. However, interest is absolutely prohibited in Islam. The main aim of traditional banking is to earn profit by borrowing and lending money in exchange of interest. As a result there is an unfair competition among the bankers and among the customers. The people of this country are profoundly committed to Islamic way of life as enshrined in the holy Qur‟an and the Sunnah. Naturally, it remains deep in their hearts to fashion and design their economic lives in accordance with the precepts of Islam. The establishment of Islami Bank Bangladesh Limited on March 13, 1983, is the true reflection of this inner urge of its people, which started functioning with erect from March 30, 1983. Now, a question may arise- „what is Islami Banking?‟ According to OIC- “Islamic bank is a financial institution whose status, rules and procedures expressly state its commitment to the principle of Islamic Shariah and to the banning of the receipt and payment of interest on any of its operations.” This bank is the first of its kind in South-East Asia. It is committed to conduct all banking and investment activities on the basis of interest fee profit-loss sharing system. In doing so, it has unveiled a new horizon and ushered in a new silver lining of hope towards materializing a long cherished...
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...1.1 Origin of the Report: This Internship Report has been prepared under the Internship program, an indispensable part of the Bachelor of Business Administration (BBA) program. For the internship purpose, I chose Islami Bank Bangladesh Ltd. (IBBL), Mirpur-10 Branch and prepare this report on the investment related activities of the organization. 1.2 Objective of the Study The primary objective of this report is to observe the investment related activities for the Investment Department of Islami Bank Bangladesh Ltd., Mirpur-10 Branch. The other objectives include: • To understand the different modes of investment of IBBL, Mirpur-10 Branch. • To familiarize with the various investment schemes offered by Mirpur-10 Branch. • To get the practical exposure of the banking activities. • To adapt with the corporate environment. 1.3 Scope of the Study In this report I have focused on all the qualitative which include profiles of IBBL, investment modes like Bai mode, Profit & loss sharing, bearing mode, Rent sharing mode, different schemes of investment such as household durable schemes, housing investment scheme, transport investment scheme, car investment scheme, investment scheme for doctors small business investment scheme, rural development scheme, etc. and lastly financial performances have been depicted. 1.4 Methodology of the Study The data required for this study were collected from both primary and secondary sources; however, majority of the information...
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...practicing any fixed interest rate. A confusion rises among them if there is necessarily any differences in the banking systems and processes between Islamic and Conventional banks. We want to research on this issue and find out the actual scenario behind the massive success of Islami Bank Bangladesh Limited as the highest profit earning bank of Bangladesh compared to the highest profit earning Conventional bank in 2013; Prime Bank Limited. 1. Problem statement: Why and how Islami Bank Bangladesh Limited achieved higher profitability than the highest profitable conventional ban, Prime Bank Limited in 2013. 2. Research objectives: The objectives of our research on the topic above are given below; * To find out the current position of IBBL and Prime Bank Ltd in the national economy. * To find out which bank is in the better position and for how long. * To analyze the reasons behind the superior status of the bank. * To know about the public opinion about the functions and status of the two banks. * To publish the actual scenario behind the success of the bank and remove public confusions. 3. Importance and benefits: Through this research we can have the following benefits which will help us to reduce the...
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...Chapter-3 Human Resource Policy & practice of IFIC Bank Limited 3.1 ACTIVITIES OF HRM: HRM has a significant role in today IFIC Bank and must be forward thinking. They must take the lead in assisting good achievement with the "people" component of the organization: Under the guidance of HRM, employees of an organization can assist it in gaining and maintaining a competitive advantage. Attracting and maintaining such employees require: HRM of IFIC Bank to have policies and practices that such employees desire. HRM of IFIC Bank will also recommend and implement changes regarding where necessary. Human resource management has its focus mainly on balancing the needs, goals, objectives and values of both employers and employees. Polices form rules of conduct and they should be based on the following principles: Putting right man in the right place by a careful program of selection procedure and placement to make sure that the new recruit is physically, mentally and psychologically fit for the job to be performed. This is needed for the new employee to develop and grow. Training the new recruits for developing technical competence to-perform so that they can discharge their duties and responsibilities efficiently. Transforming the organization into a coordinated entity of different departments permitting reduction of interpersonal and interdepartmental function and conflicts. Ensuring employee security with opportunity...
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