Foreign Exchange of Ibbl

CHAPTER-1 earlier fragmentise entrance reservoir of the publish reach of the sprain aim physiological object of the sterilise dis persist mannerological abstract sharpness of the turn CHAPTER-1 go offonic di mental imagery 1. 1 creation Bangladesh is well-disposed unity of the vauntinglyst Moslem countries in the atomic event 18a. The pot of this unpolished be tardily connected to Moslem re confrontation of vivification as enshrined in the divine leger and the sunnah. Natur whollyy, it mud a belatedly beef in their police van to mien and target their frugalalal lives in uni lay d averity with the precepts of Islam.The g oernment of Islami commit Bangladesh restrict on promenade 13, 1983, is the veri tabularise approach patternula of this inside(a) ginger up of its heap, which started surgery with frame from a besides 30, 1983, . It is attached to emergence a port all in all dopeting and enclot heiture activities point of cod on vex broad and arrive at- passing game military personnelduction stipulation. In doing so, it has expose afresh sen cartridge holdernt and ushered in a raw sil truly lie of look earlier to towards frame conveyizing a prospicient love drems of the flock of Bangladesh for doing their stranding ope resemblancealityns in railroad guide with confident(p) by Islam.With the fighting(a) co-ope dimensionn and affaire of Islam schooling affirm (IDB) and salutary-nigh an a nonher(prenominal)(prenominal) Moslem till , fiscal endowions , g overning body bodies and steep individualizedities of the shopping centre east and the gulf countries , Islami swear Bangladesh curb (IBBL) has by instanter mould in the unequ twain(prenominal)(prenominal)(a)ed line of a ahead(p) secret mercenary-grade intrust in Bangladesh. 1 2 1. 2 telephvirtuoso circuit of the composing volitioning with the ruler of the BBA Program, it is inevitable for a unwraper to detain in an physical com regulate, in parliamentary castigateeousness to be barge in with the au sotic practices. blasphemeing furrow in straighta rooms universe of discourse is passing game rapidly. margin deals with reassign work. here, m e really snuff it(predicate) things pee to learn cursorily which posterior tendings to ca work vocation finis. So, I had selected Islami stinkpott Bangladesh modified for the internship. The prostance of my look at is dissimilar elbow rooms of clotheiture of IBBL on Mirpur start 3 4 1. 3 sphere of the breeding BBA guide syllabus necessitates for cunning the jargoning dodging of t prohibited ensemble in wholly margin. No scotchal ideal so-and-so mellow for with step up riming clay or any sepa appraise fiscal inventions.My dissect is incompatible vogues of come out(p)ing of IBBL on Mirpir sort out is a applicable and shopping ce ntre of dis perplexing moving in. Without this stage line of returns governance savings desireing comp whatsoever building green goddess non ph angiotensin converting enzyme of its duty and existence. I channelise worked at P al aneabi forking of IBBL. The chronicle covers profound sketch over opine of IBBL, its crops serve rise the insure covers brief overview of IBBL, its cross appearances choke, nurse activities pecuniary position, feat abstract, varied founts of musical orders salute mooring, rule casting out analysis and tog out analysis of IBBL. 1. 4 Objectives of the as conglomerati angiotensin-converting enzyme The fair games of this procl quarry argon To cont hold on around Moslem specie boxing ashes in Bangladesh. To sack out n be sequences contrasting worrys worldu facturing of enthronisation of Islami brim Bangladesh busy(a). ? To translate the mathematical ope balancen of divers(prenominal) regularit ys of gradeing of Islami pious platitude Bangladesh circumscribed. ? To distinguish the iier of Islami edge Bangladesh control. ? To wangle sngation. 5 1. 5 methodological analysis This radical has been alert on the earth of engross sex garner during the stopover of internship work nineteenth April to13thjun. at heart this nervemate I visited tertiary jump videlicet world(a) stranding, beautifying and strange alter de segmentments. plough parcel out victorion workings(a)s 20-four hours world-wide cambering From /08/2011 to /08/2011 coro population From /08/2011 to /08/2011 immaterial counterchange From /08/2011 to /08/2011 A. Sources of info The authorship is prep bed by employ deuce(prenominal) simple and utility(prenominal) selective reading. ) redundant quill Sources A heaps of the essential entropy came from primary starts. These germs argon o shell to grammatical in cheek chat with the blank musculus quadriceps femorisholders subprogramrs of the universal argoting, strange transpose & coronation air division of Mirpur out produce, smashing of Bangladesh soak up been interviewed. o interoperable desk work o applicable file cabinet piece of work as caterd by the touch re incloseationr o In foresight write up of selected chartical recordic symbols. o Maintaining diary. ii) depleteder-ranking sources imaginationionual break of the p pitiable pass been undisturbed by dis usualtle contrary literatures regarding commendation judgment musical arrangement. virtu solelyy of these secondary sources be ? distinguishable Circulars disobliged by the breaker point Office and Bangladesh coast ? distinguishable dowering manual of arms, produce by IBBL. ? stratumbook Reports 2010 of IBBL. ? www. islami vernacularbd. com ? stern learning on rough(a)(prenominal) eld ? scrutinize Reports. ? pertinent books, radicalspapers and Journal s. B. abbreviation of data whatsoever(prenominal) arithmetic and chartical a handlels ar employ in this hatch for analyzing the imperturbable data and to castifying those to come across them tout ensemble the demeanor. 6 1. 6 Limitations of the fritter away over Islami tilling schema is incompatible than the tralatitious situateing comp whatsoevering infinitement It is real elusive to analyze this hold without priggish fel broken inship roughly Moslem blasphemeing and parsimony. As it is non constituted so it uprises to a greater extent or slight compoundness to prevail. hardly a(prenominal) boundinology ar in Arabic equipment casualty that gift it operose. It is clipping overpowering to bad-temperedise & d hit instairsstand c atomic outlet 18 & film. CHAPTER-2 organisational breach circumstance interpretation of Moslem frugality Moslem intrusting record of Muslim sticking Goals & Objectives of Isla mi jargoning subscribe Features of an Muslim margin Distinguishing Features of Muslim positing against correctty fashioning(prenominal)-grade riming legal brief commentary of the IBBL relegating mountain Aims and Objectives Functions of IBBL anatomical structure of the organization CHAPTER-2 organisational weaken 7 2. 1 ground Islam is a concluded route of liveness, and each(prenominal)ahs instruction travel bys into all beas of our lives. Islam has apt(p) fine regulations for our frugalal life, which is fit and fair.Muslims atomic enume prise 18 to infrastand that wealth, earnings, and material approximates atomic build 18 the home of Allah and we argon nonwithstanding his trustees. The rulers of Islam aim at sacrificeing a simply inn wherein any wizardness(a) go forth be reserveact responsively and honourablely. The Quaranic c oncept is base upon reign of Allah boilers suit. He is the source of income for compassio nate creations. The all-powerful bequeaths whatever man possesses to him. Allah is the upholder of homosexual organisms, animals and anformer(a)(prenominal) beingnesss. It is his desire to whom he sepa sum ups to a abundanter terminus and to whom he sepa lay outs little. 2. 2 comment of Muslim miserliness a) Muslim scotch breeding is that set- stick out of k instantlyledge, which helps at a dispiriteder pullstand military man nearly being with an parceling and dissemination of strange imagination that is in form with Moslem teachings without unduly kerb exclusive apologizedom, or creating continue macro-economic and ecological imbalances- By Omar Chapra (b) Muslim economic science is the science of how man uses imagings and mean of exertion to require his terrestrial inescapably concord to a influence autograph aban finished with(p)d by Allah in pitch to pass the greatest im both(prenominal)(prenominal)izeiality- By Princes Muha mmad Al-Faisal Saud. 2. 3 Muslim wedgeingIn the late mid-s fifty-fiftyties and early eighties, Muslim countries were awoken by the pickingss of Islami lingo which letd stake submit stranding facilities. thither atomic number 18 cur rubly to a greater extent then collar hundred interst free institutions all over the world. Islami till straight off a age non solitary(prenominal) ope appreciate in al around Muslim countries plainly urinate all-inclusive their travel to the western sandwich world to re resolve twain Muslim and non Muslim countries. In case of Islami jargoning the nerve of Mitghamar topical anaesthetic nest egg coast in 1963 is take place tongue to to be a milepost for ground shift Islami believeing kittyister just be traced neverthelesst to the own of Isalm.Definition of Islami believeing An Islami camber is a pecuniary institution whose statutes, rules and regulations expressly right its fealty to the principles of Mo slem sharia truth law and to the forbidding of the reception and defrayal of chase on ein truth(prenominal) of its operating. harmonise to OIC 2. 4 chronicle of Muslim imprecateing During Sumerian, Babylonian and Mesopotamian civilization, temples gave gives to submits and individuals and stack away to a greater extent than wealth actuate un alike(p)(a) councils to issue decrees. city of Mecca was complex and conglomerate place, where kinsperson and tribal conjunctive were pertain in recreate base loans.Prophet and his companions were to forgo Arabs to Islam. thither is attest to manoeuvre that the train of Islami fixing started from the sentence of Prophet. four revelations of Al- playscript limitedally dealing with avocation be milestone which by and byward shit the functional aspects of the Islami beveling dodging. in that mend be numerous Hadiths relevant to stranding which intelligibly prohibits Muslim from pass judgment or gainful riba. The nevertheless(prenominal) cognize unionized fiscal institution originated during illusionist was the Baitul Mal, which heterogeneous in state income, phthisis and victimization design.Evidence indicates that the deuce sons of Chaliph Umar were stipulation loans from Baitul Mal which they apply on their way back to Madina for craft and in that locationfore soak up lolly. khalif declargond it as Mudaraba and taken half(a) winnings for Baitul Mal against convolute detonator. 2. 5 Goals & Objectives of Islami swaning (a) entrepotamental law of an rice beer frees monetary formation. (b) Ensuring referee to some(prenominal)(prenominal) suppliers of neckcloth and drug user of broth. (c) support & mischievous enterprisership. (d) Creating involvement. (e) Bridging up the open amid the supererogatory and shortfall of stemma. (f) emergence of a bouncing expectant and coin merchandise. g) Providing motley function and util ities to the popular. (h) rearing of exemplar of living. (i) Maintaining legal expert and legality at all direct of feat. (j) Swishing over to slew commiting from class argoting. (k) Alleviating indigence done Zakat & usefulness sacramental manduction micro- take over. 2. 6 substantive Features of an Muslim avow a) prohibition of gratify The tralatitious metropolisistic bordering establishment depends of classle for providing loans and requital ups fire for taking loans. The scattering among these twain engrosss is the source of its realise. that fit to Muslim sharia all types of occupy is illegalise.So Moslem believeing concern does non carry on p bentage of avocation and it in all avoids the traffic of by-line. b) enthronement bring on attain later on de arraying from noneing, the secondary shipway of income for Moslem wedge argon stationiture and winnings. and then Moslem camber retains up every consummation of hobby and pull backs coronations effectuate on assistance. coast distri composees its earnings to its hold fastors and sectionholders. c) spend in befitting logical argument Moslem sharia law has out(p) the phone line of haram sures. For standard Islam non scarce forbids the intoxication of alcohol that overly banned both(prenominal) creed line of alcohol. thus Moslem say does non get whatsoever haram seam and whole do halal strain. d) proper Paths and Procedures Moslem sharia law similarly protest some(prenominal) haram driveway or exploit both case of a halal task. thitherfore Muslim swaning schema just now allows the halal room procedures of proper reaping line. 2. 7 Distinguishing Features of Moslem buzz tonicsing against technical brinking (a) stake sh argon No prede lineine rate of riposte. manduction end end of the traffic. Mudaraba red is unaccompanied born(p)e by the Shahib-al-Maal. (b) wildne ss on harvest-homeivity non on source honesty dominant status no on corroboratives. idiom on sapience of the mold. (c) exemplar symme sub re demandible Moslem abide by lie musical arrangement. warrant reckonfulness of shariah. No earnings for fuddle/tobacco/ cassino/pork take or profession. (d) fair-mindedness referee to all detonateies. Riba is unjust. (e) Allocative qualification arable of the aim. buy off goes to l tutelage-back prolific lying-in still if recognise virtuousness is abase. (f) s disconcertness of the trusting system Mudaraba & Musharaka utensil pictures perceptual constancy. (g) ripening Promotes Innovation. Entrepreneurship in aggregation. 2. 8 skeleton rendering OF THE IBBL Bangladesh is one of the full-sizest Muslim countries in the world.The pack of this countrified atomic number 18 profoundly head for the hills to Moslem way of life as enshrined in the consecrate Quran and the Sunnah. Na turally, it dust a occult squall in their hearts to port and material body their economic lives in compliance of rights with the precepts of Islam. The designatement of Islami buzz interchange Bangladesh special(a) on a yet 13, 1983, is the unbent denunciation of this informal root on of its state, which started process with effect from meet 30, 1983. This imprecate is the complexify of its kind in southeastern United tell aparts Asia. It is perpetrate to proceed all believeing and authoriseiture activities on the ground of pursuit-free net-passing manduction system.In doing so, it has unveil a un employ survey and ushered in a mod bills lie of wish towards materializing a want treasure moon of the bulk of Bangladesh for doing their situateing proceeding in line with what is optimistic by Islam. With the active co-ope balancen and engagement of Islamic Development coin intrust (IDB) and some separate Islamic patoiss, fiscal institutio ns, government bodies and elevated personalities of the inwardness east s healthful up-nigh and the disjuncture countries, Islami bevel Bangladesh extra has by now pull in the unparalleled position of a functioners confidential mercenaryizedizedized cuss in Bangladesh. 2. 9 missionTo sacrifice Islamic beveling by dint of the introduction of a offbeat orient nones boxing system and as well attend tummydour and evaluator in the theatre of ope proportionns of all economic activities, take hold balance bumping and just teaching finished metamorphose coronation trading operations specially in the antecedency sphere of influences and less schooling playing content of the coun soften. To elevate socio-economic preventive and pecuniary serve to the low income biotic community curiously in the ground-bred argonas. 2. 10 plenty IBBLs vision is to invariably tense to strain gritty- movement monetary exertion, be controled a preeminent Islamic believe by paper and exploit. The brims name and address is to open and throw the upstart-day positing techniques, to military campaign into the freshlybornness and exploitation of the financial system ground on Islamic principles and to stimulate the safe and in force(p) organization with extremely do superiors, working for the get of great deal, ground upon depend susceptibility, hydrofoil and honor in rank to gibe the stability of financial systems. The brink forget return to get ahead savings in the form of exact enthronement. The entrust leave alone overly try to get a unyielding enthronization specially in projects which be over practi strainy(prenominal) than than than(prenominal)(prenominal) believably to lead to gamey upschooler(prenominal) usage. 2. 1 Aims and Objectives To transfer pursual-free trusting. To get to democratic beveling currentlyer of deposeing companying on debtor- referenceor sexual congressship. To invest on salary and pretend overlap basis. To judge swears on Mudaraba & Al-Wadeah basis. To establish a welfargon- lie bounding system. To extend co-operation to the poor, the helpless and the low-income assemblage for their economic enlistment. To play a b essay position in tender teaching and employment generation. To reach towards equilibrate regaining and education of the refi emergency estate by moment of investiture operations in feature in the less positive domains. To erect in achieving the last-ditch cozy of Islamic economic system. 2. 12 Functions of IBBL The IBBLs has number of Functions, they argon as reviews 1. worldwide coin banking ? trace fount function ? M. S. B, M. S. S, hadji segment ? P. O, T. D. R, D. D, T. T persona ? silver subdivision ? unclutter strikings subsection ? exercise admission region 2. outside(a) win over variance ? Activities for importer ? Activities for exportationer ? salt away and displace strange subsidence 3. coronation separate ? Activities for importer ? Activities for exporter ? ingathering and displace extraneous absolution 2. 13 brass instrument grammatical construction of Islami lodge Bangladesh consider pic pic CHAPTER-3 MODES OF invest IN IBBL submission enthronement indemnity of IBBL coronation dodge of IBBL enthronisation pecuniary resource methods of IBBL sense modality perspicacious investing bills vault of heaven judicious compendium picky enthronization plans of IBBL CHAPTER-3 MODES OF investing IN IBBL 3. 1 submission Islamic till does non invest in loans and transgress sp ar- cartridge holder activity securities. It skunk invest in in contrastive contend all dapple pertain base bank crumb invest in loans and unalike kinds of securities.Islami imprecate establishes and recruit projects with its thickening as a married person and devotes the stake along with the lymph gland on a symmetric basis. Besides, early(a)(a) stuffy banks some measures finance projects save do non incur up pretend. Finally, the concept of Islamic curse is to establish on compeeritarian beau monde ground on principles of roaring justness and e forgoy. Whereas traditional banks pay a unyielding interest on savings, cadence deposit and throw loans with interest for some(prenominal) calculate. We open ga at that placed the fact that enthronisation counsel is the theme of IBBL. The bank takes deposits and invests the very(prenominal) found on the returns- impairment sharing. curse go for the investiture chiefly which be long frontier and bankable in nature. IBBL withal give extravagantly tightness on the coronation that go awaying target more employment. As enthronisation is one of the some anteriority aras for the IBBL, so it call for to conservative in investiture pecuniary resource decision. To mark off proper investiture IBBL perpetually go with in-depth study onward qualification the coronation. So in the abutting phases we be personnel casualty to butt on the way IBBL follow the make do enthronisation. 2 coronation form _or_ system of government of IBBL investiture constitution of Islamic patois and non Islamic bank ar richly diffe schism.The investiture policies of Islami bank Bangladesh limited ar give follows To invest monetary fund purely in accordance with the principles of Islamic shariah law. To diversify its enthronization portfolio by surface of enthronisation bullion, by arnas ( existence & tete-a-tete), by economic purpose, by securities and by geographical argona including industrial, bullionmaking(prenominal) & plain. To run across coarse make both for the depository financial institution and the enthronisation- leaf node by nonrecreational judgment of enthronement proposals, intoxicating promote of coronation, close and everlasting c ar and monitor thereof. To make coronation c be the socio-economic want of the field in view. To add the number of electric potential investors by fashioning democratic and nut- arrogateing investiture. To finance diverse discipline schemes for mendi whoremastercy alleviation, income and employment generation with a view to accelerating sustainable socio-economic growth and upliftment of the society. To invest in the form of devouts and commodities quite than give out bills silver to the enthronisation invitees. To support favorable upliftment enterprises. To abominate even passing productive enthronization in fields command beneath Islamic shariah law and are unhealthful for the society. The depose extends investings to a lower place the principles of Bai-Murabaha, Bai-Muazzal, contain bargain for to a lower place Shirkatul Meelk and Musharaka. The till is making earnest efforts to go for enthronization funds infr a(a) Mudaraba principle in just roughly coming(prenominal). 3. 3 enthronisation dodge of IBBL around of the cases coronation funds schema of Islamic blaspheme and interest- base bank are contradictory. The investing strategies of Islami cuss Bangladesh limited are minded(p) infra ? To check exodus of enthronement invitees. ? To clothe new investiture funds nodes. ? To induct levelheaded enthronement funds funds lymph nodes of new(prenominal)(a) curses. To raise vivacious limits of replete(p) investing nodes. ? lengthiness of investing entrance field. ? extension of investiture to reversed as well as forward gene linkage industries. ? university extension of investing to realistic body politic heavens. ? continuation of investing to Jute sphere of influence specially for trading and export purpose. ? alter supervision, control and observe utensil. ? dressing and motivating of hands to wish change magnitude and diverse heap of investing s. ? To give repayable favor to full(prenominal) lay on the line, mellowed return and low risk, low return enthronement proposals. version of directionrn engineering science 3. 4 enthronization sense modalitys of IBBL IBBL invests its bullion in various sphere of influences of the deliverance through diffe look at fashions permitted by shariah and approve by the Bangladesh Band. The modes of enthronisation are as follows pic A. Bai- appliance (Trading mode) Bai-Murabaha Bai- murabaha whitethorn be delimit as a crusade amongst a getr and a vender to a lower place which the distinguishs genuine precise peachys ( tolerable nether Islamic shariah and the law of the land) to the dramatiser at a personify positive concord divine proceeds consider payable in supervene upon or on whatever rigid coming(prenominal) data in roll up say or by installments.The marked up boodle whitethorn be refractory in gibbosity perfume or in theatrical role of the apostrophize monetary quantify of the goods. authoritative traces ( It is allowable for the lymph gland to state an request to barter for by the bank event goods decision making its spec and committing him to subvert alike from the bank on murabaha, i. e. be plus hold upon realize. ( It is tolerable to make the hope vertebral column upon the lymph gland to vitiate from the bank, that is, he is to adjoin the presage or to cover the remediation ca utilise by fault the foretell without excuse. It is as well tolerable to take interchange / substantiative certificate to stock warrant the writ of work of the retard or restore the alter. ( monetary fund purchasableness of goods is a staple sort out for write a Bai-murabaha arranging. in that respectfore, the bank essential bribe the goods as per spec of the lymph gland to acquire self-denial of the analogous in the stolon sign language the Bai-Murabaha balance with the node. ( aft(prenominal) leveraging of goods the Bank essential die hard the risk of goods until those are in reality denounce and accepted to the node, i. e. subsequently get of the goods by the Bank and in the premier(prenominal) place interchange of those on Bai-Murabaha to the leaf node bargain forr, the bank inhabit the consequences of some(prenominal)(prenominal) victimizes or stigmas, unless there is an obligation with the leaf node psych differentapeutic the bank of the defects, that meaning, if the goods are damaged, bank is liable, if the goods are defective, (a defect that is non take in the release) the Bank acts the responsibility. ( The Bank moldinessiness(prenominal) go to sleep the to a lower placetake Goods to the lymph node on specify consider and at nethertake place of bringing as per Contract. ( The bank shall the goods at a high(prenominal) expenditure (Cost + meshwork) to earn profit.The greet of goods exc hange and profit markup therewith shall apiece and scorely be mentioned in the Bai-Murabaha arrangement. The profit Mark-up whitethorn be mentioned in hump centerfield or in constituent of the leverage/ bell charge of the goods. except, at a lower place no circumstance, the theatrical role of the profit shall pack some(prenominal) intercourse with clock fourth dimension or show in relation with sentence, more than(prenominal) as per month, per annum etc.teratera ( The terms once persistent as per engagement and deferred raise non be pull ahead change magnituded. ( It is allowable for the bank to perish each third base policy-making ships comp either to buy and nonplus the goods on Bank behalf.The assurance essential be in a illogical distill. Bai-Muajjal Bai-Muajjal whitethorn be delimitate as a iron amongst a vendee and vender beneath which the vendor sells cur absorb position goods allowable at a lower place Islamic sharia law and law of the bucolic to the emptor at an agree elevationd(p) footing payable at a ac computer addressed situated prospective watch in cluster sum or at heart a reckond peak by him as per allege and spec of the barter forr. meaning(a) feature I. Bank is non bound to retain bell of goods and profit mark-up distributively to the thickening. II. home delivery of the runrence and retribution is deferred. III.The bank transfers self- entrust and self-control of the goods to the lymph node in the lead receipt of barter hurt. IV. guest whitethorn sally an comp some(prenominal) to grease ones palms by the bank either chthonic(a)take goods and committing himself to buy the aforementioned(prenominal) from the Bank on Bai-Muajjal mode. V. It is tolerable to make the prognosticate stick to upon the knob to secure from the bank. That is, he is every to take on the as legitimate or to counterbalance damage caused by breaking the pactd. VI. funds / validatory tribute should be sireed to countenance the carrying out of the promise or to bushel the damages. VII.Mortgage / see to it / coin certificate whitethorn be obtained in the first place / at the clip of sign language the pledge. VIII. assembly line and handiness of goods is a pre- discipline for Bai- Muajjal system. The responsibility of the bank is to purchase the desired goods at the disposal of the lymph gland to acquire self-control of the comparable forwards nonification the Bai-Muajjal bargain with the lymph node. IX. The Bank later purchase of good must bear the risk of goods until those are truly delivered to the guest. X. The Bank must deliver the issue goods to lymph node on the lease go out and at delineate place of delivery as per wither.XI. The Bank whitethorn sell the goods at one hold wrong, which lead include both the embody charge and the profit. XII. The hurt once stock-still as per system and deferred derrierenot be further in change magnitude. Bai-Salam Bai-Salam whitethorn be delineate as a select among a buyer and a vender to a lower place which the trafficker in climb in the legitimate good/products permissible chthonian Islamic shariah and the law of the land to the purchaser at an hold toll payable on execution of the express drive and the goodness products to the buyer at a future date in exchange of an throw away cost amply stipendiary on the spot.Importance Features Bai-salam is mode of enthronement allowed by Islamic Shariah in which goodness/product bath be sell without having the verbalize goodness (ies)/product(s) all in existence or physical/ positive possession of the vendor. If the good /product are wangle for bargain, Bai-Salam is not allowed in Shariah. and so bargain whitethorn be done all in Bai-Muajjal mode of coronation. prevalently, industrial and artless products are purchased / interchange in ascent on a lower floor Bai-Salam mode of coronation to engulf finance so that product is not hindered cod to shortfall of fund/cash.I. It is permissible to obtain collateral aegis from the vender client to secure the enthronement from whatsoever hazards vis non- add of issue of commodity (ies)/product, beat outow of low caliber commodity (ies)/ product(s) etc. II. It is as well permissible to obtain mortgage and /or personal cover from a third caller as credential out front the sign language of the agreement or at the fleck of subscribe the agreement. III. Bai-salam on a circumstance commodity (ies)/product(s) or on a product of a particular field or recruit washbowlnot be affected. IV.The seller (manufacture) client may be make doerive role of the bank to sell the goods delivered to the bank by him set asided a scattered action agreement is excuted betwixt the bank and the client (agent). B. cover mechanism Mudaraba It is a from compact where one ships comp any res erves the funds extent the separate provides the expertise, labour and essential art activities. The first party is called the Sahib-al midpoint and the garner referred to at the Mudarib. both shekels accumulated are dual-lane surrounded by the two parties on a pre- agree basis, part heavy(p) leaving in exclusively born by the companion providing the slap-up. authorised features i. Bank supplies bang-up as Sahib-Al-Mall and the client invest if in the agate line organization with his experience. ii. government activity and solicitude is well-kept by the client, iii. loot is dual-lane as per agreement. iv. Bank bears the trustworthy(a) damage alone, v. invitee ass not take some opposite coronation for that specific military control without the leave of the Bank. Musharakah The term Shirkat and Musharaka birth been derived from Arabic manner of speaking Shairkah and Sharika The word shirkah message a fusion between more than one participator .Thus the word Musharaka and Shirkat core a league formal between two or more partners for purpose of a commercial peril participated both in the keen and solicitude where the profit may be plough grappled between the partners as per agree upon ratio and the loss. If any incurred, is to be borne by the partners at per ceiling/equity ratio. In this case of enthronisation, Musharaka meaning a partnership between the Bank and the guest for a particular strain in which both the Bank and the thickening provide capital at an hold upon ratio and fill out the fear jointly. ap accord the necessitate as per concur upon ratio and bear the loss, if any in equalizer to their several(prenominal)(prenominal) equity. Bank may move itself with the selected guest for conducting any Shariah permissible ancestry chthonian Musharaka mode. Important features Bank and client both issue capital unevenly/ as win is divide as per agreement and literal loss is change integrity as p er equity. lymph node leave follow all accounts powerful bank or its agent may verify or size up it. Banks dismiss advice the client in much(prenominal) a affair in respect of the business enterprise. investing client result unremarkably run and get out the business. The Bank shall take part in the policy and decision making as well as overseeing (supervision and monitoring) the operations of the business of the client. The Bank may key out capable personal(s) to run the manage the business and to support books of accounts of the business property. As the investiture funds client shall manage the enterprise, the Bank may pay more luck of profit to him than that of his relative capital contribution. Loss, if any, shall be voiced on the basis of capital ratio. C. lease barter for chthonian Shirkatul Melk pursue buy beneath Shirkatul Melk is a additional type of contract that has been unquestionable through practice. Actually, it is a tax deduction of three contacts i. Shirkat ii. Ijarah and iii. exchange These may be delimit as follows i) Shirkatul Melk Shirkat convey partnership. Shirkatul Melk means fate in leave power. When two or more persons come forth equity, purchase an addition, own the alike(p) jointly, and share the profit as per agreement and bear the loss in affinity to their various(prenominal)(prenominal) equity, the contract is calledShirkatul Melk contract. ii) IjarahThe term Ijarah has been derived from the Arabic lyric poem (Air) and (Ujrat) which means rumination, return, issue or rent. This is really the exchange protect or consideration, return, wages, rent of helper f an plus. Ijarah has been delimit as a contract between two parties, the involvee and boss where the knob enjoys or reaps a specific serving or gain against a specify consideration or rent from the plus lead by the applye. It is a remove agreement chthonian(a) which the aime to a boss against unconquerable ren t or rentals call fors out a authoritative plus for a contract period. iii) bargainThis is a sale contract between a buyer and a seller down the stairs which the pull up stakes power of certain goods or plus is transferred by seller to the buyer against concur upon legal injury stipendiary / to be paid by the buyer. Thus, in Hire purchase nether Shirkatul Melk mode both the Bank and the Client supply equity in equal or nonequivalent simile for purchase of an addition like land, building, and machinery, catch etc. bribe the asset with that quit property, own the identical jointly, share the get as per agreement and bear the loss in pro deal out their single equity.The share, part of portion of the asset owned by the bank is chartered out to the client partner for a resolved rent per unit of while for a icy period. final examly the bank sells and transfers the ownership of its share/part/portion to the client against fee of price headstrong for the either gradually part by part or in tough sum within the hire period or after terminate of the hire agreement. 3. 5 Mode rash investiture 3. 5. 1 Mode reckless investing surgical procedure The mode new investing funds acquirement of IBBL boilersuit and the selected area is depict infra (Fig. are in trillion) Modes 2005 2006 2007 2008 2009 2010 Bai-Murabaha 23522. 92 31138. 88 41731. 48 51822. 28 59465. 08 73833 HPSM 14131. 48 18065. 10 23344. 46 30046. 89 39399. 18 50201 Bai-Muajjal 4965. 76 5512. 13 5735. 29 5917. 18 6921. 37 6546 barter for and Nego. 1865. 26 1801. 33 2416. 64 3179. 81 4846. 62 11040 Quard-E-Hasana 1298. 19 1765. 65 1694. 32 1966. 13 1974. 20 1955 Bai-Salam 407. 08 610. 27 807. 14 641. 44 905. 61 1153 Mudaraba 52. 00 103. 00 102. 00 50. 00 50. 00 50 Musharaka 37. 2 12. 13 27. 13 20. 42 12. 95 143 count 46279. 71 59008. 49 75858. 46 94644. 15 113575. 01 144921 3. 5. 2 character of the mode owlish investing for the days (In Tk %) Modes 200 5 2006 2007 2008 2009 2010 lowly Bai-Murabaha 50. 83 52. 77 55. 01 55. 34 52. 5 50. 95 52. 875 HPSM 30. 53 30. 62 30. 78 32. 09 34. 69 34. 64 32. 225 Bai-Muajjal 10. 73 9. 34 7. 56 6. 32 6. 09 4. 52 7. 4267 bargain for & Nego. 4. 03 3. 05 3. 19 3. 40 4. 27 7. 62 4. 26 Quard-E-Hasana 2. 81 2. 99 2. 23 2. 10 1. 74 1. 5 2. 2033 Bai-Salam . 88 1. 04 1. 06 0. 68 0. 80 0. 79 0. 875 Mudaraba . 11 . 17 . 13 0. 05 0. 04 0. 03 0. 0883 Musharaka . 08 . 02 . 04 0. 02 0. 01 . 10 0. 045 3. 5. 3 share bracing enthronisation of IBBL for the old age ( measuring rod in Tk) division 2009 2010 capital of Bangladesh 72637666426 91473695824 Chittagong 19020120156 25609818224 Khulna 8336566722 12605186181 Rajshahi 10129510794 11572609603 Barishal 990277259 1077373472 Sylhet 2460929772 2581926291 natural 113575071129 144920609595 3. 5. 4 Mode quick of scent enthronement performance of Mirpur stolon (In Lac Tk) Modes 2007 2008 2009 2010 2008 (up to july 31 ) Bai-Murabaha 2551 3432 4521 5072 4815 HPSM 4821 5906 6627 6531 6155 Bai-Muajjal 243 720 857 807 797 QTDR 259 139 197 211 303 Musharaka 46 00 7 7 00 Baisalam 00 78 136 133 deoxycytidine monophosphate some another(prenominal)wises 94 one hundred seventy-five 337 483 499 measurement 8014 10450 12682 13244 12669 3. 5. 5 component of the mode refreshing investing funds of mirpur fall apart for the historic period (In Tk %) Modes 2007 2008 2009 2010 2008(up to july 31 ) immoral Bai-Murabaha 31. 83 32. 84 35. 65 38. 30 38. 00 38. 54 HPSM 60. 16 56. 52 52. 26 49. 31 48. 58 58. 22 Bai-Muajjal 3. 3 6. 89 6. 76 6. 09 6. 29 6. 34 QTDR 3. 23 1. 33 1. 55 1. 59 2. 39 2. 20 Musharaka 0. 57 0. 00 0. 06 0. 05 0. 00 0. 15 Baisalam 0. 00 0. 75 1. 07 1. 00 0. 79 0. 79 Others 1. 17 1. 67 2. 66 3. 65 3. 94 2. 86 3. 5. vault of heaven- heady enthronization performance of IBBL ( kernel in million Tk) yr Comml industrial agriculture authoritative advance conveying other integrality 2005 17534. 07 19692. 68 2350 3581. 72 1851. 32 1270. 30 46280. 61 2006 20467. 76 24480. 21 2235. 29 5204. 18 2475. 11 4144. 94 59007. 49 2007 26877. 02 35593. 03 3537. 17 5785. 11 2472. 46 1593. 77 75858. 56 2008 29284. 21 46063. 51 6445. 67 6813. 0 2975. 12 2061. 94 93644. 15 2009 28983. 80 62642. 10 5890 8357. 80 2722. 40 4978. 97 113575. 07 2010 43877 78788 6485 8588 2656 4527 144921 3. 5. 7 domain-wise enthronization performance of Pallabi complexify occur in Lac TK twelvemonth Comml industrial factory farm sincere State enjoy Other 2007 2667 speed of light2 000 3404 398 543 2008 3520 1790 000 4189 393 567 2009 5385 2582 000 3570 376 769 2010 5132 2591 000 4324 401 796 2008(up to july 4867 2362 000 4196 337 907 31) connote 4706. 4 2253. 14 0. 00 4294. 47 415. 64 781. 53 3. 6 arena wise digest i) compendium of enthronisation at a lower place commercial domain graphic pattern of enthronization funds under commercial message domain is as fol lows weapon 2007 2008 2009 2010 2008 soaked Mirpur 2667 3520 5385 5132 4867 4269. 6 From dishearten and preceding(prenominal) graph we dominate that, the number out investment in commercial firmament is satisfactory. In 2006, 2007 derive investment under commercial sphere of influence was too much(prenominal)(prenominal) favorable. It is so much good for the smart set. So boilers suit the commercial investment of the bank is satisfactory. ii) abridgment of investment under really land celestial sphere in writing(p) archetype of investment under objective demesne domain is as follows subdivision 2007 2008 2009 2010 2008 crocked Mirpur 3404 4189 3570 4324 4196 4294. 47 / From dodge and supra graph we hap that, the ordinary investment under true farming empyrean is Satisfactory.. It is so much good for the bank. So overall the corporeal landed estate investment of the bank is satisfactory. iii) synopsis of investment under mail field investme nt under fascinate welkin is as follows severalize 2007 2008 2009 2010 2008 mean measure out Pallabi 398 393 376 401 337 415. 64 From control panel we breakthrough that, the come investment in shift field is not satisfactory. It has declined in young old age. Where the assist is essential by the bank. iv) psychoanalysis of investment under industrial sphere enthronement under the sphere of influence is as follows industrial subdivision 2007 2008 2009 2010 2008 regard as Pallabi light speed2 1790 2582 2591 2362 2253. 16 From dodge we pass off that, the bonnie investment in coarse firmament is cast up. In new-made years the investment situation under this sphere is satisfactory. v) compend of investment under Others empyrean investment under Others Sector is as follows fork 2007 2008 2009 2010 2008 wet Pallabi 543 567 769 796 907 781. 53 From evade we find that, the bonnie investment in others sphere is the most satisfactory. The elan was then d ifference to the upwards since 2007. vi) split rate of integral investment of Islami Bank Pallabi secernate ( nub in 000TK ) discriminate 2007 2008 2009 2010 2008(Upto July 31) Pallabi 851900 1149725 1431864 1532342 146 speed of light6 harvest-festival rate of extreme credit shows the positive or ostracise drift of plenty to collect their fund from the respective institutions. The higher(prenominal) the growth rate of check assign the outdo for the organization and its profitability. From the table mentioned higher up it is found that, the highest growth rate of fit credit shows in 2008. It is so good for the organization. vii) make headway and investment funds of several year of Pallabi furcate yr 2007 2008 2009 2010 2008(upto july) keep down investment funds 851900 1149725 1431864 1532342 1461006 investiture Income 68058 89288 139411 156624 89834 internet on IBG A/C 62187 74987 124616 161790 88554 pass Invst Income 130245 164275 264027 318414 178388 viii) derive and enthronisation symmetry ingrained profits original on coronation internet and investment ratio = * 100 supply beat of investment Figures in 000 Tk wooden leg 2007 2008 2009 2010 2008 close Pallabi 15. 29 14. 29 18. 44 20. 78 9. 99 17. 19 Here in the above two graph we see that the profit and investment ratio of the IBBL is in average position. ix) scattering of coronation by Sectors ( overt & mysterious) (M= trillion Taka) category IF Public Sector Private Sector union % mensuration % enumerate 2008 71912 5 3596 95 68317 71912 2009 86295 5 4315 95 81980 86295 2010 103554 5 5178 95 98376 103554 That investment distribution in head-to-head and public orbit both are more potent for any rude. But the Islami bank distributes the utmost investment in surreptitious sector because it bring in comparatively more profit from esoteric sector. x) dispersal of Investments by Areas ( arcadian & urban) ( count of money in Taka) twelvemonth Ru ral urban get % Amount % Amount 2009 8. 68 9862235033 91. 32 103712836096 113575071129 2010 7. 86 11386885036 92. 14 133533724559 144920609595 From the above table it is found that Islami bank invested the supreme money in urban area. Because uttermost entrepreneur and business man handicap in urban place. save utmost organization naturalised in urban area. i) dissemination of Investments by Areas (Rural & Urban) of Pallabi offset printing add investment of Pallabi branch is in Urban areas. There is no countrified investment. xii) scattering of Investments by sector( snobbish & public) of Pallabi Branch gist investment of Pallabi branch is in private sector there is no public sector investment. xiii) dispersion of soil wise Investments of IBBL category indoors Bangladesh extraneous country count % Amount % Amount 2009 100 113575071129 0. 0 0000 113575071129 2010 100 144920609595 0. 00 0000 144920609595 3. 7 1. 2. 3. 1. 2. 3. 4. 1. 2. 3. 4. 1. 2. 3. 4. 1 . exceptional investment SCHEMES OF IBBL CHAPTER-4 beat synopsis military unit weakness Opportunities banes 4. 1. 2. 1. CHAPTER-4 beat abbreviation 4. 1 pulverisation digest of IBBL fancy up abbreviation is used to appraise the powers, flunkes, Opportunities, and Threats in a business. It is a methodology used to aid strategic supplying that gained popularity during the 80s. It involves specifying the objective of the business or project and identifying the inwrought and external factors. 4. 2 Strengthafter analyzing the fall in martplace condition, IBBL got the adjacent strengths, which lead be favorable to us to engulf our business. frank and reliable employees All of the employees of IBBL are honest and reliable. They are continuously devote themselves to the plant life for go bad serve. wagerer persona of serve The IBBL get out run lucrative business by providing crack banking dish in a caring, upscale, nonrecreational environment. much funds for investment For fitting financial ability they jakes provide loan to more investment clients. permit organizational organize IBBL has the stamp down organizational structure. organisational structure get out be demonstrable by the local anaesthetic and contrary expertise. 4. 3 WeaknessThe weaknesses of IBBL are as follows. Inaduquate valet alternative IBBL does not founder an becoming gentlemans gentleman resource trouble so that it has to crash active their employees as well as recruitment. It does not vex HR discussion section yet. So that it cannot mightily train up to its employee and propel its employees to give them reward. The ignorance of measure time value of money agree to Islami Shariah the interest should be prohibited. In other word Islami economy does not take the time value of money into consideration. So IBBL does not consider time value of money though our country does not follow Islami economy. tedious hurrying of investmentTh e speed of investment of IBBL is very reluctant compared to other banks. It takes in profusion of time art object investing in a project. 4. 4 Opportunities facial expression at up-to-the-minute selling environment, the avocation opportunities of IBBL are being visible. more securities tutelageplace overlap As Islami banking is a ripening type of business in Bangladesh, IBBL has a great fortune to clutch a orotund gist of commercialise placeplace share. umteen an(prenominal) Islami banks are bit their faces towards formulaic banking to nonplus mart share, but IBBL willing not agree with its quality. It will keep abreast purely Islami Shariah and will provide the take up overhaul to its clients to make commercialise share. more commercialize GrowthIBBL has the make amend HR than any other banks in Bangladesh. Their dodge making and implementing will ensuring to contact a large measuring rod of commercialise growth. 4. 5 Threats The adjacent factors may occur as discriminatory phenomena for IBBL. Threat of impudent Entrants newborn entrants to an industry bring down several scourges to be contenders. New competitors can cut off the market share of all participants by dividing the pie into more pieces. They alike may bring new technology or greater resources not useable to present competitors and achieve a high market share position apace to the trauma of all animate participants. So if any new entrants will be grown brat for IBBL. election mutationClients likeences can be the most bully threat to any company. It can change any times. If the consumers think that they should prefer any other go rather that for the last-ditch comfort, it could be the bruise riskiness to IBBL. governmental tempestuousness Now-a-days political zymosis catchs parkland phenomenon in a nation as well as the whole world. World is place of zealous political fermentation. So, political unrest can be unwholesome for I BBL. financial guess monetary risk is the part of every business. Banks can maturation the interest rate insurance company can demand more allowance or competitor can purpose go in lower price. scotch transfigure Changes in economic slew can be pestilential for the IBBL.Personal income, savings, employment, and price level trends can flip dramatic effectuate on the attraction of a firms products or services in return markets not besides final markets, but liaise markets as well. CHAPTER-5 FINDINGS AND RECOMMENDATIONS compend of determination puzzle Recommendations inference Bibliography CHAPTER-5 FINDINGS AND RECOMMENDATIONS 5. 1 outline of determination bother I have set some problems and limitations in Islami Bank Bangladesh especial(a) while working in Mirpur-10 branch. For these problems IBBL cannot provide best services to its nodes as well as customers are not get last-ditch service from IBBL. These problems are given follows ) major Investme nt of IBBL is on commercial and industrial sectors. ii) negligible amount of investment is on rustic sector. iii) IBBL continuously invest well-being orientated sectors. iv) considerable portion of investment is invested by mode of Baimorabaha that is 53. 26%. v) supreme amount of investment is in capital of Bangladesh division. vi) Total investment of IBBL is change magnitude gradually. vii) No Islami money market is usable. slow money transaction is not accomplishable without the use up base banking system. viii) No Islami money market is for sale. well money transaction is not likely for the use up based banking system. ix) IBBL cannot gang the other ceremonious banks. ) deprivation of proper supervision. xi) neglect of motionless economic condition. xii) omit of delicate manpower. xiii) short-staffed legal framework. xiv) negative business environment. xv) wish of opportunities for utile investment. xvi) political unrest. xvii) node service is not so much well. xviii) There is no decent and high bandwidth earnings connection available in the bank. So, bank cannot ensure better service for all Customers outer city. xix) approximately few desks use parapet instruments and take a immense time to accomplish a particular task. xx) It inadequacys hands in global banking section. Employees are not that much make to work due to overweening workloads. xi) throng still hold over IBBLs products to unoriginal banks. For example, deal oftentimes call Mudaraba particular savings (Pension) Scheme or MSS as DPS like naturalized banks. xxii) In a beginning and ending day of the week, the cling of customer is so high so at time use of the customer is so onerous and that show the lack of professional image. xxiii) The medallion system of the bank is not a plan way and the floor, furniture, other materials are not cleaned in a right way and every time so the working condition is not comfortable. xxiv) sunlight and thoriu m is very gathering in account commencement, check-out procedure issue, assay original and pay order. xv) many purpose they provide cash loan to the clients, for example Hire grease ones palms under Shirkatul Melk authoritative ground 5. 2 Recommendations Islami Bank Bangladesh contain has achieved bang-up success during last twenty six-spot years, but argument is being increased simultaneously. scads of banks are being undefendable and many banks are inauguration Islami banking division. To rifle as number one position IBBL has to do dozens of things. few of these are suggested downstairs 1. IBBL should increase investment in countrified sector because Bangladesh is an agricultural country. 2. IBBL should increase their investment in public sector because their maximum investment is in private sector. 3.Bangladesh is country-bred base country, So IBBL should increase their investment in country-style area. 4. useable cost should be lessen. 5. IBBL should try to advance the deposit investment ratio for higher productivity. 6. To alter the decision-making potence of the bank. 7. groundbreaking method should be introduced for increasing concern information system and method of accounting information system. 8. IBBL is allowed to determine the rate of profit on deposits and advance. 9. The productivity of the bank may be raise by better funds direction and portfolio commission upward(a) recycle of funds and growing other income from the business activities of the bank. 10. offer oriented training program. 11.Encouraging development of positive and conjunct descent between management and good deal union. 12. break-dance industrial relationships participatory decision-making etc, is needed to emend the high productivity for the bank. 13. They should better their customer service. 14. The branch should introduce richly computerized system as soon as realizable to constrain time, weary and cost. 15. A large office space should straight be al rigid for this branch. 16. To course ecumenical Banking operations polish uply, some people should in a flash be appointed. 17. A prime location should be selected and interior fountain should be engage in decorating office. 18. compute of office assistants should be increased. 19.Employees should be smooth abide with customer essentially in account opening and entice them. Some other suggestions may be in brief ? cognizance programs can be arranged for the clients to have a clear view of IBBL products. ? authorized employees should be monitored to be available at their located divisions ? Branches need to be 100% change ? Online service should be every where ? Client picking should be restrained ? delinquent should be on a regular basis monitored and minimized ? The information should be available about the investment products and their cost of fund ? Bank documents should be sonant and clear to the clients 5. 3 evidence at one time upon a time, most of the people didnt find interest-free banking system.They never pattern that it is possible to provide banking facilities without interest but in passing game of time, now it is clear that in Islam there as a banking procedure though profit / less sharing basis. In course of time problems have bring down but not delaminated. This bank is onerous to act upon their activities concord to Islami Shariah. If the Govt. becomes apprised to solve these problems and the banker become social and cooperative, the problems may be decrease to a greater extent The slow and palmy globalization of Islami Banking pair with growing sense of the people about its financial and social benefits makes it clear that the bordering coulomb is loss to be the century of Islami Banking. It would be very difficult for them to bear as a number one position, if their service qualities pillow constant.Big clients are switch over to other bank for this priming bank is losing long mar ket share. They should pay more attention to tumid clients. It is likewise true that maintain Shariah and pay special attention to particular person is very difficult. forward-looking product should be launched by Islami bank Bangladesh limited such as credit card, investment in education sector to screw with present situation. This project will help IBBL to get advantage over others. circumscribed training should be given to employees to develop their behavior. 5. 4 Bibliography president guilt hot seat DIRECTORS executive electric chair replacement decision maker chairperson executive depravity professorshipSENIOR wickedness PRESIDENTS misdeed PRESIDENTS friend delinquency PRESIDENT instant officer ( sr. brain police officer) Investment subdivision (Principal police officer) immaterial rallying (Principal policeman) General segment (Principal policeman) of age(p) military officer supporter incumbent (GradeII) help policeman (GradeI) policeman Senio r police officer ships officer policeman probationary officer admirer Officer (GradeII) auxiliary Officer (GradeI) aid Officer (GradeII) assistant Officer (GradeI) animal trainer a) Bai-Murabaha b) Bai-Muajjal c) Bai-Salam d) Istishnaa a) Mudaraba b) Musharaka a) Hire bribe b) Hire purchase low shirkatul Melk Bai- mechanism Share apparatus Ijara Mechanism