Shariah practices of Shahjalal Islami Bank Limited

Abstract

Shahjalal Islamic Bank Limited has established itself as a thriving Islamic bank in Bangladesh. Despite fierce competition in Bangladesh, the bank has made significant growth in all aspects of its operations, both domestically and abroad. The title of this report is a significant analysis of the Shariah practices of Shahjalal Islamic Bank Limited. Under the Bank Companies Act of 1991, Shahjalal Islamic Bank Limited (SJIBL) began commercial operations on May 10, 2001, in conformity with Islamic Shariah principles. Shahjalal Islamic Bank Limited has been following and maintaining Islamic Shariah rules and regulations over the years. The bank has successfully running their bank and generating profit and competing with other banks. In this study, I have described all the Shariah rules of Islamic banks and the way SJIBL is maintaining them. I have used the both primary and secondary data. The primary information are received from the manager, bank, employees and practical experiences. As a secondary sources, I have used the annual reports of the bank from 2017 to 2021. General performance analysis on deposits, assets, investment etc. have also been done. The ROA, ROE, ROI have been calculated too. To assess SJIBL's performance, I used ratios to analyse their performance. Then, while assessing this bank's risk, I compared its performance to that of IBBL by analyzing total deposits, total investments and operating profit. As both the banks are Islamic bank so I have shown comparison to give an overview of two Islamic bank.