A Complete Study on General Banking (GB) of AIBL

A Complete Study on General Banking (GB) of AIBL

Prepared For
Rashedul Hasan
Senior Lecturer, Department of Business Administration

East West University

Prepared By
Md Rakib Al Rashid Khan
2017-1-10-169
Major: Accounting
Bachelor of Business Administration
East West University
12 September 2022
 Letter of Transmittal

Date: 12 September 2022

East West University
A/2, Jahurul Islam Avenue,
Jahurul Islam City,
Aftabnagar, Dhaka-1212, Bangladesh

Rashedul Hasan
Senior Lecturer, Department of Business Administration
East West University

Subject: Submission of Internship on “A complete study on General Banking (GB) of AIBL”

Sir,
Assalamualaikum, I hope you are well by the grace of Allah. It is indeed a great pleasure for me
to be able to hand over the result of my hardship report on “A complete study on General
Banking (GB) of AIBL”. This report is the result of the knowledge which has been acquired
from the tenure of internship and academic courses.
The information of this internship report covers the general banking activities of AIBL at Progoti
Saroni Branch. I tried my level best to prepare this report. I fervently hope that you will find this
report worth reading. Please feel free for any query or clarification that you would like me to
explain. Hope you will appreciate my hard work and excuse my minor errors.

Sincerely,
Md Rakib Al Rashid Khan
2017-1-10-169

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 Supervisor Authorization

This is to certify that the internship report on “A complete study on General Banking (GB) of
AIBL” prepared by Md Rakib Al Rashid Khan, is a partial requirement of the Bachelor of
Business Administration program. The internship has been carried out successfully under my
guidance and supervision.
Internal Supervisor
..........................................
Rashedul Hasan
Senior Lecturer
Department of Business Administration
East West University

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 Declaration

I am Md Rakib Al Rashid Khan, student of Bachelor of Business Administration (BBA), at East

West niversity declaring that this practicum report on the topic of “A complete study on General
Banking (GB) of AIBL” has been only prepared for the fulfillment of the course of BUS (499) as
the partial requirement of the Bachelor of Business Administration (BBA).

I hereby declare that this report has been solely prepared by me under my supervisor’s guideline
and to the best of my knowledge. It contains no materials previously published or written by any
other person which have been accepted for the degree or diploma at EWU or any other
educational institution, except the quotations and reference which have been duly acknowledged.
It has not been prepared for any another purpose, reward, or presentation.

Md Rakib Al Rashid Khan

2017-1-10-169
Program: BBA
Major: Accounting
 Acknowledgment

At the very beginning I would like to express my deepest gratitude to almighty Allah for giving me
the strength and the composure to finish the task within the scheduled time. Then I would like to
thank my Honourable faculty, Mr. Rashedul Hasan. I am grateful to him for giving me this
opportunity to complete the assigned report. Very special thanks goes to my organizatio na l
supervisor Mr. Kamrujjaman Shovon and branch officers who helped me a lot learn about banking
activities and also for helping me with proper data which were required for my internship report.
Finally, I would like to convey my gratitude to Al Arafah Islami Bank Limited, as they have given
me chance to do internship program as it is required as a course curriculum to prepare this report.
And this report would not have been possible without the dedicated and contribution of all offic ia ls
from Al Arafah Islami Bank Limited of Progoti Saroni Branch. So, I would like to give thanks to
them for helping me a lot by guiding me to learn banking, understanding professional manners and
also helping me with proper data which were required for my internship report.

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TABLE OF CONTENT
EXECUTIVE SUMMARY…………………………………………………………………….ix
1. INTRODUCTION……………………………………………………………………………1
1.1 Introduction…………………………………………………………………………....……2
1.2 Background of the study…………………………………………………………………….2
1.3 Objective of the study……………………………………………………………………….3
1.3.1 Broad objective ………………………….…………………………………………3
1.3.2 Specific objective…………………………………………………………………...3
1.4 Source of data………………………………………………………………………………...3
1.4.1 Primary data………………………………………………………………………...3
1.4.2 Secondary data……………………………………………………………………...3
1.5 Scope of the study……………………………………………………………………………4
1.6 Limitation of the study……………………………………………………………………….4
2. AL-ARAFAH ISLAMI BANK LIMITED AT A GLANCE……………………………….5
2.1 AIBL Profile…………………………………………………………………………………6
2.2 Vision………………………………………………………………………………………..6
2.3 Mission………………………………………………………………………………………6
2.4 Commitments………………………………………………………………………………..7
2.5 Special features of the Bank………………………………………………………………...7
2.6 Corporate Information………………………………………………………………………8
2.7 Corporate Culture…………………………………………………………………………...8
2.8 AIBL at a Glance……………………………………………………………………………9
2.9 Performance at a Glance…………………………………………………………………….9
2.10 Hierarchy of Al Arafah Islami Bank………………………………………………………11
2.11 Internal Control & Compliance……………………………………………………………12
2.12 Products and Services……………………………………………………………………...13
2.13 Card & ATM………………………………………………………………………………16
2.14 Green Banking…………………………………………………………………………….16

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 Executive Summary

An Islamic bank is a financial institution whose rules and action clearly state that it has vowed to
the principle of Islamic Shariah and a system of financial intercession avoids the receipt and
payment of interest in its transactions and conducts its activities in a way that it helps achieve the
objectives of an Islamic economy. Over 300 banks and financial institutions are serving Islamic
Banking and more religious people are getting fond of this system day by day.
Al-Arafah Islami Bank Limited (AIBL) was established on September 27 1995 with the objective of achieving success
in life here & hereafter following the way directed by the Holy Quran and its
main purpose is based on Islamic principles of transactions in which profit and loss sharing (PLS)
is a major feature, ensuring justice and equity in the economy. The bank is committed to the
country’s economy by giving service by investing money to different ‘Halal’ businesses, creating
jobs, implementing development projects of the government, and creating infrastruc ture
throughout its 148 branches all over Bangladesh.
I am glad to complete my internship in this prestigious organization and I have been assigned to
complete an internship report on “A complete study on General Banking (GB) of AIBL” and was
specially introduced to the real-life experience. The report will present a clear picture of both
theoretical and practical knowledge and policies of AIBL with as much information as possible
through the access to data was limited.

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CHAPTER: ONE
Introduction