Investment methods of Al-Arafah Islami Bank Limited

Abstract

This report is prepared as per internship rule of UGC for as final part of the graduation and of theinternship of BBA program of BRAC University. My report is detailed with the working experiences in AL-ARAFAH ISLAMI BANK LIMITED Jatrabari Branch and the investment condition and activities of the entire bank. I am confident enough that the readers of the report will get a detail idea about activities and operational strategies of Investment department, this report mainly focuses on the Investment modes and entitled as “Investment Methods of AIBL.” AL-ARAFAH ISLAMI BANK LIMITED got its existence as a fully functioning bank in September’27, 1995 with a clear idea of its existence and the meanings of is purpose of blending economy, banking and financial activities with the Islamic code of life and business. It followed what it takes to establish as Haram free business based on the proper Islamic principle of social justice, equity and business. In order establish goal of haram free business AL- RAFAH ISLAMI BANK initiated different steps to cut interest and fixed interest on various loans or deposits. In brief and of easy understanding it can be said AIBL is an Islamic Bank based on Islamic principles that help its clients to do haram free business and gain profit in both in this world and in the afterlife. It does what is said as the conceptIslamic Banking in the Quran and Sunnah of prophet Mohammed (PBUH), which shows different approach to credit and banking for clients based on profit-orientedsociety and economy avoiding interest, for this purpose AIBL has introduced a number of income earningprograms for its clients both in the cities and villages. With the haram free objective AIBL ensuresa profitable life in a batter surrounding with greater security, respect and peace. AIBL is currently doing its banking business in a three sectors banking system, which are formal, non-formal and voluntary sector. General banking, Investment and foreign exchange are operated fullyas part of the formal sector. Developing Waqf management, mosques and other Islamic centered properties, maintenance ofheritanceproperties, jointventure and non-profit foundations, charitable trusts and organizations are covered under the voluntary sector.