The contribution of Social Islami Bank Limited on the exports and imports of traditional and non-traditional items of Bangladesh

Abstract

The report represents the three-month working experience on Social Islami Bank Limited (SIBL), Dhanmondi branch. This report gives an overview of the activities, products, and customer service of all departments of SIBL but mainly concentrates on the activities, structure, analysis of the data of the foreign exchange department of the branch. SIBL was founded in 1995 and is currently the country’s leading value-added financial institution based on Shariah' Principles. During the short span of its operation the bank had been widely acclaimed by the business community from small business persons to industrial conglomerates as they have a policy of working closely with their clients and provide them onestop services, access to the very latest products using technology especially as they have recently released their mobile app in the market. Islamic banking is mainly based on Shariah’s principles which forbid people or institutions to lend money without accepting any risk. Commercial banks have loan policies where the borrower has to return the borrowed amount with interest. On the other hand, Islamic baking has to take risks while leading money and cannot force the borrower to pay if the owner of the business incurs a loss. The report is meant to give an overview of operations of different departments of SIBL, their products and customer service. My overall experience had been very interesting and this program helped me to enhance my network with the bank officials at Social Islami Bank Ltd. and I believe this will definitely help me to bring forth success in my career.