Foreign exchange operations of Shahjalal Islami Bank Limited

Abstract

The objective of this report is to provide the reader with an accurate insight of the foreign exchange operations of Shahjalal Islami Bank Ltd (SJIBL). But to properly comprehend the technical details of that operation, it’s imperative to first get a general overview of the bank, its activities and work ethics as a whole in providing services to domestic and foreign clients. In view of that I started the report with a general overview of the bank where I’ve completed my internship program. Then I shed light upon the history of the organization, its present visions and missions, its strength and weaknesses and the future endeavors it can take to expand its business. Then I accentuated on the main topic of foreign exchange operation of the organization starting with brief introduction followed by information on the bank’s various foreign exchange activities like import, export, remittance activity etc. I was able to accumulate that knowledge through my internship program at the Mirpur Branch of Shahjalal Islami Bank where I worked closely with the employees of the branch to get a hands-on overview of the various foreign exchange operations the bank provides to its clients. I tried to make the best use of my time there by observing and learning how the team conducts its activities regarding various foreign exchange operations to get things done proficiently and in time. On the basis of that experience, I prepared this report to give the reader an accurate and thorough review of different foreign exchange operations of the bank. Also, this experience with the bank helped me identify a few key aspects the bank can improve in regarding getting various jobs done even more efficiently and accurately. So, I concluded my report by providing some of my humble recommendations regarding some key areas of improvement related to foreign exchange operations of the organization.