Is EXIM Bank Bangladesh Limited managing their monthly export and import growth rate with shariah banking well enough during the higher inflation time of 2022–2023 compared to the crisis period of COVID 19?

Abstract

A commercial bank that provides Islamic or Shariah-compliant banking services, EXIM Bank Bangladesh Ltd., has encountered a number of difficulties in managing its operations during the greater inflation period of 2022–2023 as compared to the crisis period of COVID–19. I will evaluate the bank's performance and its capacity to meet these problems in my executive summary considering their monthly import and export growth rates. They encountered a number of challenges during the COVID-19 crisis, including a decline in commercial activity, problems with cash, and a surge in non-performing loans (NPLs). The bank was able to overcome these obstacles, though, by employing a number of methods, including providing customers with relief packages, enacting cost-cutting measures, and expanding its digital banking services. They faced a distinct set of difficulties during the higher inflation period of 2022–2023, including growing prices, declining client purchasing power, and increased competition from other Shariah–compliant banks. Despite these difficulties, has maintained its strong performance, with a 25% increase in net profit in the first half of 2022. To address the difficulties of inflation, they have implemented a number of measures, including diversifying their investment portfolio, increasing deposit rates, and incorporating cost-cutting actions. By offering new products and services, the bank however has focused on growing its client base and expanding its market share. Overall, despite the difficulties posed by the higher inflation period of 2022-2023, they have managed to maintain its achievement and continue to provide its customers with quality Shariah-compliant banking services. However, the financial institution must stay vigilant and implement proactive risk management strategies in order to control the risks linked with rising prices and other economic and financial uncertainties.