From the Holy Qur’an
Bismillahir Rahmanir Raheem
Those who take Riba (usury) will not stand (on the day of resurrection) except like the standing a person beaten by Shaitan (Shatan) leading him to insanity. That is because they say: “Trading is only like Riba (usury)”, whereas Allah has permitted trading and forbidden Riba (usury).So whosoever receives an admonition from his Lord and stops eating Riba (usury) shall not be punished for the past: his case is for Allah (to judge); but whoever returns [to Riba (usury)], such are the dwellers of the fire- they will be abide therein. −Surah Al-Baquarah, verse-275
Allah will destroy Riba (usury) and will give increase ...view middle of the document...
Islami Banks operate their banking activates based on the Islami principles of profit and loss sharing and strictly avoiding interest.
This report is prepared on the “Service analysis of General Banking Division & Accounts Department”. A study on Dhaka Main Branch of Shahjalal Islami Bank limited.
Shahjalal Islami Bank Limited, a Shariah Based Commercial Bank in Bangladesh was incorporated as a Public Limited Company on 1st April, 2001 under Companies Act 1994. The Bank commenced commercial operation on 10th May 2001 by opening its 1st branch, i.e. Dhaka Main Branch at 58 Dilkusha, Dhaka, obtaining the license from Bangladesh Bank, the Central bank of Bangladesh. Its corporate head office is situated at Uday Sanz, Plot No. SE (A),2/B Gulshan South Avenue, Gulshan – 1, Dhaka-1212.The Bank opened 2 branches in 2001, 6 branches in 2004, 4 branches in 2005, 5 branches in 2006, 5 branches in 2007, 7 branches in 2008,18 branches in 2009 and12 branches in 2010. Total number of branches stood at 63 in 2010 and the Bank opened 2 SME Centers and 3 branches of brokerage House in 2009 at important locations of the country. Total deposit of Shahjalal Islami Bank Limited stood Tk. 54,447.07 million on 31.12.2010 as against Tk.47, 459.23 million of 31.121.2009 registering an increase of Tk. 6987.84 million i.e. 14.72% growth. This was possible due to superior customer service delivery at the branch level, expansion of branch network to rural areas where foreign remittance flow is significant. Expansion of branch network in rural areas has provided the lower income group an access to modern banking system and prompt receipt of remittance. Deposit is the “life blood” of the bank. Bank has also given utmost importance in mobilization of deposits introducing a few popular and innovative schemes. The bank always tried to give the highest return on the deposits of the customers. The mobilized deposits were ploughed back in economic activities through profitable and safe investment. How bank customize these services to the general customers and the general banking product and service features are described very carefully in this report. This report also described the internal activities of the General Banking Division, Foreign Exchange Division and Investment Division.
1.1. Origin of the report
The BBA program is designed to focus on theoretical and professional development of people that they can take up the business as a profession and can do success in their career. For this reason the student have to complete the internship course and prepared a report on internship work. I have prepared this report on “ Services analysis of General Banking Division and Accounts Department” based on the Internship experiences on Dhaka Main Branch of Shahjalal Islami Bank Ltd. This research is an exploratory research in nature and especially I tried to focus the internal operational activities of the bank.
1.2. Significance of the Study
The readers of the report have...