Clearing house and general banking system of Social Islami Bank Ltd.

Abstract

The report represents the three-month working experience on Social Islami Bank Limited (SIBL). I was assigned in the Bashundhara Branch of SIBL. This report gives a clear idea of the activities and the operation strategies of the Bank. SIBL incorporated in 5th July 1995 and being into its commercial operation on 22nd November with a view to provide exclusive service facilities to its client and accordingly meet the demand of banking service all over Bangladesh. During the short span of its operation the bank had been widely acclaimed by the business community from small business persons to industrial conglomerates for forward looking business outlook and innovative financial solution. I‟ve divided the study between five chapters. It is argued however, that any study of Islamic Banking in the 21st Century should make dispassionate interpretation of history of achievement and failures of past generations and take cognizance of rising expectations and signs of re-discovering Islam in the contemporary period. This bank is playing a vital role in the islamic banking region in Bangladesh. They are going through Shariah Law by direction of Shariah Board. The whole report is based on the operations of SIBL and the services it provides. My overall experience had been very fascinating and I believe internship period at Social Islami Bank Ltd. will definitely help me a lot in building my future career.