I have prepared my internship report on 'An Analysis of Investment Operations of First Security Islami Bank Ltd (FSIBL): A Study in Mohammadpur Branch, Dhaka'. My internship report was done on Analysis of Investment Operations of First Security Islami Bank Ltd (FSIB): A Study in Mohammadpur Branch, Dhaka.
Introduction
Origin of the Study
2018 Daffodil International University.3 The intern turned into “First Security Islami Bank Limited” for a 3 month internship to have a reasonable control over the sport of the employer. The subject of the document is proposed to be "An Analysis of Investment Operations of First Security Islami Bank Ltd (FSIB):".
Scope of the Study
Objectives of the Study
Methodology
Limitations of the Study
They also exchange the call and the new name changed to "First Security Islami Bank Ltd.". Corporate banking and personal banking are the unique electricity of First Security Islami Bank Ltd.
Mission of the Bank
The First Security is a national banking region which was incorporated on 29 August 1999 as a banking organization under the Business Act 1994 to carry on the business of banking. It started its operations as a financial company on 25 October 1999 with a branch at Dilkusha. It provides customers with all kinds of commercial banking providers within the prerequisites laid down in the Banking Company Act 1991 and guidelines and regulation are compromised by Bangladesh Bank from time to time.
The diversification of merchandise and services and the innovation of merchandise that is acceptable to the desires of your customers in accordance with the relevant guidelines and legal guidelines have distinguished it from various commercial banks in the US. It maintains strong relationships with all banks in the country and all clients of the financial institution.
Vision of the Bank
Corporate Culture
Objectives of FSIBL
Organizational Hierarchy
Senior Assistant Vice-President (SVB) Eerste Assistant Vice-President (AVP) Senior Principal Officer (SPO) Principe Officer (PO) Senior Officer (SO).
Corporate profile of FSIBL
Deposits Mobilization in FSIBL
The method therefore involves each Hal each associate in the transaction procedure with element of hobby.
Source of Funds
Primary Source
Secondary Sources
Islamic banks are public limited companies established under the Organization Act, which may be indexed to the share price. It can spend money at the daily rate that is most convenient, while a hobby-based, all-financial institution can invest in loans and exceptional types of securities. First Security Islami Bank Ltd. (FSIBL) establishes and participates in an assignment with its patron as an employee and bears the risk on the part of the customer on a proportionate basis.
Finally, the idea of First Security Islami Bank Ltd. (FSIBL), is to build an egalitarian society based on principles of social justice and fairness. We have collected the reality that investment control is the subject of First Security Islami Bank Ltd. (FSIBL). First Security Islami Bank Ltd. (FSIBL), also provides high awareness of the investment as a way to generate more work.
Since financing is one of the most priority regions for the FSIBL, the country must be careful in its financing choices. To ensure proper financing, First Security Islami Bank Ltd. (FSIBL) always do an in-depth research before making an investment. In the next section, we are going to show how First Security Islami Bank Ltd. (FSIBL) manages the financing.
Investment Objectives of First Security Islami Bank Ltd (FSIBL)
The bank deposits and makes equity investments based entirely on income and loss sharing. The bank goes for an investment mainly which can be long term and valuable in nature. Employment generation on the way to the correct sustainable socio-financial boom and uplifters of the society.
The financial institution provides funding under the principle of Bai-Mudarabah, Bai-Muazzal, and Lease under Shirkatulmelk and Maskaraka. The bank is making honest efforts to on the way to finance various improvement schemes of poverty remedies, profits and funding under Mudarabah prescription in near doom. Investing in the form of excellent and commodities instead of giving out cash to the funding customers.
Investment Mechanism of First Security Islami Bank Ltd (FSIBL)
Profit & Loss Sharing Mode
2018 Daffodil International University.15 lump sum or as a percentage of the fee for the goods. It is a form of partnership in which the party presents the price range and the alternative offers the expertise and management. The first batch is known as Sahib-Al-Maal and the letter is called the Mudarib.
Any profit collected is divided between them based on prior agreement, while the identity of the loss of capital is fully borne by the companion supplying the capital. The bank's capital materials like Sahib-Al-Mall and the customer invest if the business at his pleasure. The customer can obtain another financing for the specified enterprise without the permission of the bank.
The companions proportion each capital and control of the assignment so that earnings can be paid out among them as in accordance with rations, in which loss is shared according to rations of the equity participation. The bank will participate in the policy and choice making as well as supervise the operations of the customer's business. Since the investment patron will manage the corporation, the bank can also pay him a larger share of the profits than that of his proportional capital contribution.
Bai Mode (Buying and selling)
Rent Sharing Mode
2018 Daffodil International University.17 parties, the lessee and the lessee where the lessee enjoys or reaps a specific beneficial service under consideration or unique rent from the asset owned with the assistance of the Employer. It is a lease arrangement under which a positive asset is leased from the lessee to the Lessee against fixed rents or leases for a specified period. The owner of the tools/equipment/goods may be with the financial institution and the customer at the same time and the buyer's share will continue to be with the financial institution as a loan until the investment account is closed, but the buyer will be authorized to process the device for a certain period.
The customer can, after completion of the installments, take possession of the implements/equipment/goods. Hire purchase below Shirkatul Milk is a special type of contract developed through practice. When or larger men and women provide equity, buy an asset, own it equally and percentage the profit according to agreement and bear the loss in proportion to their respective equity, the contract is referred to as Shirkatul Milk.
Ijarah: Ijarah is derived from the Arabic phrases Air and Ujrat for that attention, go back, salary or rent.
Investment Scenario (Sector Investment) of First Security Islami Bank Ltd (FSIBL)
Loan and Advance in First Security Islami Bank Ltd (FSIBL)
- Loans
- Overdraft
- Cash Credit
- Other loans
The function of hire purchase that normally the deposits are paid and the relaxation of the acquisition is spread over a period of six months, 2 years or now and then even longer, the object considered as the assets of the financial institution sidewalk is made. Here, withdrawals or deposits can be made any number of times at the borrower's convenience, provided the total overdraft amount does not exceed the agreed limit at any time. The buyer must sign a duly stamped letter where the party surrenders ownership of the goods to the custody of the financial institution.
It is kept at the financial institution as a first security measure against the improvement. It can also increase by drawing checks with the help of the buyer, and can decrease by depositing into the account. The same goes for all the small trades and industrialists who cannot pledge their inventory, but can mortgage their shares in their shops, and so on.
In this example, the possession and ownership of the products remains with the borrower, despite the fact that the financial institution owns the goods if the borrower defaults on the mortgage agreement. Advances allowed for despatch of the painting order for execution of contractual paintings come under this head. It arises when the code wide variety of the products does not correspond to the code wide variety of the uses, then it is necessary miles.
How Investment Operate In First Security Islami Bank Ltd (FSIBL)
But since I had a hobby in the credit department, my main attention became to know how Islamic investment gadget works. How many kinds of forms are there in First Security Islami Bank Ltd. FSIBL), I also learned the first time. I have also collected checkbooks and ATM playing cards which can be sent from the head office and additionally distributed to real customers.
SOWT Analysis of First Security Islami Bank Ltd (FSIBL)
Since First Security Islami Bank Ltd. (FSIBL) also complies with the Islamic rules, people will usually touch their aspect. They have all the modern equipment and exceptionally developed psychic centers to offer higher providers to the clients. They go through schooling and this enables them to be an excellent worker and a service provider.
Although the employee works with the totality they have, but their reward is low in a positive phase. Their passing of advertising and promotions is also spot on, but within the SME sector they are far behind all other banks. In Bangladesh, the call for SME loan is increasing, however they may not be doing enough to promote their SME loan to the general customers.
A better online community device IV.. V. Bring diversification to the whole thing and exchange common ways. They must also consider opportunities to improve their banking system. So, if they are aware of their opportunities and strengths, then they can sincerely move forward in the banking area.
Recommendations
In investments, borrowers do not repay the loan during the specified time, so that is the reason why they do not get expected profit.
Conclusion
