Introduction
Origin of the Study
Scope of the Study
Then the report focused on the deposit sectors of the banking division and we can see the many deposit products of this bank as Islamic rules.
Objective of the Study
Methodology Data Collection
One to one conversation and know about information about the deposit schemes the SJIBL, Tower Branch. Different circular published by the tower branch of Shahjalal Islami Bank Limited and Bangladesh Bank;.
Limitation
Overview of Shahjalal Islami Bank Ltd
The board directors are enjoying high credentials in the country's business arena. The bank offers different types of services in different branches - here is the banking product such as opening accounts of various deposit schemes such as long-term and short-term, closing accounts; in cash and cash, various check books, deposit books in various accounts; ATM Card/SJIBL Card, foreign currency approval, money orders, remittances, clearing and transfer checks, locker service, insurance, cash transfer and receipt, offering various types of investment, opening of local LC and master, customers / customer services online banking and other banking services.
Vision & Mission of Shahjalal Islami Bank Ltd
Strategy & Objective of Shahjalal Islami Bank Ltd
The bank's management team is strong and supports the professional banker, Mr. The bank provides different types of services in different branches - here it is the banking product like account opening of various deposit schemes like long-term and short-term account closure ; in cash and cash, various check books, deposit books for various accounts; Withdrawal card/SJIBL card, endorsement in foreign currency, payment order, remittance, clearing and transfer check, locker service, delivery, transfer and collection of cash, delivery of the various investment types, local and master LC opening, clients / customer service internet banking and other banking services .
The Value & Motto of Shahjalal Islami Bank Ltd
SWOT Analysis of Shahjalal Islami Bank Ltd
- Strengths of Shahjalal Islami Bank Ltd
- Weakness of Shahjalal Islami Bank Ltd
- Opportunity of Shahjalal Islami Bank Ltd
- Threats of Shahjalal Islami Bank Ltd
The wide range of financial products/services to especially the GB branch of the bank has achieved the customer/customer's services of their requirements and also bank providing the best service of their client/customers by offering various financial schemes. The bank has cooperative and skilled employees who are highly specialized in interacting with their customers/customers. The bank has monitored their accounts receive regularly. It has been any covenant exception to the branch manager referring to the timely follow-up of the bank's employees.
The bank branch growth is not satisfied and the outside of Dhaka city branches Shahjalal Islami Bank Ltd. The bank works structured on the conservative side and, for the sake of it, growth is slower than other banks. When the opportunity to generate high returns compared to the fixed interest rate from other banks.
The bank has broad banking networks that need to establish themselves in the country and also outside the country. Also in the competitive battle of the Shahjalal Islami Bank Ltd, the product line needs to be expanded to maintain the competitive edge. The rules and regulations of the government have created the bank that hinders their business.
The bank is working on the restriction to borrow from the money market as a product threat the liquidity of the Islamic bank.
Overview OF Deposit the Shahjalal Islami Ltd
The worldwide merger and acquisition trend in financial institutions is causing the problem.
Types OF Deposit the Shahjalal Islami Ltd
- Mudaraba Saving Deposit OF Shahjalal Islami Bank Ltd
- Al-Wadiah Current Deposit OF Shahjalal Islami Bank Ltd
- Mudaraba Special Notice Deposit OF Shahjalal Islami Bank Ltd
- Mudaraba Term Deposit OF Shahjalal Islami Bank Ltd
- Mudaraba School Banking OF Shahjalal Islami Bank Ltd
- Mudaraba Money Spinning OF Shahjalal Islami Bank Ltd
- Mudaraba Foreign Currency Deposit OF Shahjalal Islami Bank Ltd
Mudaraba Special Notice deposit means that it is a general savings account, as a large amount of 10,000 BDT to withdraw money for deposit with the bank. There was more profit in the short term than in a savings account and investors hold money for at least six months to get a profit. Mudaraba fixed deposit means that there is a fixed check period of 90 days, 180 days and 360 days or beyond maturity on a certain date.
Mudaraba School Banking means that the school student in the age of 5 to 17 years get 200 tk account opening and 2.5% profit rate to deposit school banks in Islamic law. Mudaraba Money Spinning means customers or clients are satisfied with superior quality, which are unique and exceptional for personalized services of innovative products as well. Must be a citizen of Bangladesh and age limit 18 years and above to open this account.
The account maintenance fee is free and subject to daily closing of 10,000 BDT when this hold up to six months and second half-yearly 1000BDT charge it. Mudaraba Foreign Currency Deposit means that the principle law Islamic Shariah to invest allows the bank to pay the profit as account holders or depositors intend to open accounts in a minimum of 1000 US Dollar.
Mudaraba Deposit Scheme OF Shahjalal Islami Bank Ltd
- Mudaraba Millionaire Scheme OF Shahjalal Islami Bank Ltd
- Mudaraba Monthly Scheme OF Shahjalal Islami Bank Ltd
- Mudaraba Double/Triple Benefit Scheme OF Shahjalal Islami Bank Ltd
- Mudaraba Monthly Deposit Scheme OF Shahjalal Islami Bank Ltd
- Mudaraba Haji Scheme OF Shahjalal Islami Bank Ltd
- Mudaraba Cash Waqf Scheme OF Shahjalal Islami Bank Ltd
Mudaraba Cash Waqf Deposit Scheme means that saving is the earning goal of the wealthy and wealthy people in the society. It is a minimum deposit of 10,000 tk only for the next and installment in thousand taka or multiples and the profit of this account is used for welfare account holders as per instructions.
Mudaraba Saving Deposit
Thus, the share of Mudaraba savings deposit was 39.04%, which is the highest percentage in 2018 compared to other years and the performance of the bank was good.
Mudaraba Term Deposit
These bank facilities provide money as security for refund as per customer/customer requirements. Here, in the Mudaraba savings analysis, we have to calculate the financial analysis that has been for five years. Other Mudaraba deposits while the different types of deposit products are mainly customers who open for the bank's transaction amount and get more investment for the future.
Here the analysis of the Millionaire scheme, we can see the financial statements in chapter # 4. Because of the customers are very demanding and the profit rate is high and earn for risk-free investment of this product. So in 2017 the high percentage is 27.15% because customers demand this product more and invest it.
So in 2019, the high rate is 35.24% because the customers are demanding to invest in a better future. So in 2021, the high percentage is 45.42% because the customers demand this product to invest in a better future. So in 2021 the high percentage is 0.77% because the customer is investing the product for the future.
The objective of the study is to analyze the various deposit schemes of Shahjalal Islami Bank Limited.
Other Mudaraba Deposit
Mudaraba Scheme Deposit
Al-Wadiah Current Deposit
- Al-Wadiah Current Deposit
- Foreign Currency Deposit
- Non-Resident Taka Account
- Profit Payable
- Sundry Deposit
Thus, in 2019, the proportion of deposits in the Mudaraba scheme deposit was 22.29%, which is the highest percentage and the performance of the bank was good, but the percentage in 2021 was 19.02%. Thus, in 2021, the share of foreign currency deposits was 2.17%, which is a high percentage rate, and in 2017, the share of foreign currency deposits was 0.90%, which is a low percentage rate. We can see that the high percentage in 2021 was the bank share of miscellaneous deposit 8.42%, and the low percentage in 2018 was the bank share of miscellaneous deposit.
Mudaraba Scheme Deposit
- Millionaire Scheme
- Multiple Benefit Scheme
- Monthly Income Scheme
- Monthly Deposit Scheme
- Cash Waqf
- Housing Deposit Scheme
- Lakhpoti Deposit Scheme
- Mohor Deposit Scheme
- Education Deposit Scheme
- Marriage Deposit Scheme
Thus, in 2017, the share of multi-benefit scheme deposits was 27.15%, which is a high percentage, and in 2020, the share of multi-benefit scheme deposits was 14.22%, which is a lower percentage. Thus, the percentage in the education deposit scheme in 2017 was 0.20%, a high percentage, but in 2020, the percentage in the education deposit scheme was lower, 0.08%. Thus, in 2017 the percentage of marital deposit scheme was 0.17% a high percentage and lower than the percentage of marital deposit scheme which was 0.06% in 2021.
Deposit scheme product means that customers open accounts of various categories for saving money, business purposes, fixed or fixed deposits on a monthly basis and various other deposit products. We can refer to chapter #4 to analyze the financial report of Mudaraba fixed deposit over five years. This high percentage rate to invest in the product is mainly sufficient and earn profit.
We can see Chapter #4 to analyze the financial statement of Other Mudaraba Deposit in five years. So that the high rate is 26.47% in 2020 and this year is invested to make a profit according to customer requirements. We can see Chapter #4 to analyze the financial statement of the Al-Waidah Current Deposit over five years.
Basically, it is proven that the high or low percentage is in the analysis of the Five Year Financial Statement. We can see the Financial Statement in Chapter # 4, basically it is proved that it is a high or low percentage of Five Year Financial Statement to analyze it. The customers are investing this product, but I think their analysis perspective is very low, so it is risky.
Recommendation
The deposit products mainly increase the growth rate and need some steps or steps to improve it. The bank needs new planning and decision making to improve or better for their performance level. The management team of the bank is trying to upgrade their banking system with the new planning and decision making for their better future of the bank.
Sometimes they can't lose some information or client information, so work on a smart systematic basis that they have to manage it at the moment. So we need more ATMs inside and outside Dhaka City. Shahjalal Islami Bank Limited to remove the slow rate of profit from the other years so that it has to increase.
The Bank's marketing strategy is good, but should be more interesting, attractive and updated their promotion and advertising level. Otherwise the people pay more attention and the demand level becomes high and they become more reliable this bank. Sometimes Audit Visit the bank and check our work progress files, documents and records. While it should be properly decorated or organized or add a small detail of the system.
Therefore, it should change the account opening system to save time for the bank and the customer.
Conclusion
