“Overview of Islamic Bank, The first Shari’ah based bank in Bangladesh”

Abstract

The report has been prepared in order to highlight our 2-month long internship program at Islami Bank Bangladesh Limited. This report contains summarized view of our practical experience which we have gained during our exposure to the corporate world and banking industry. The 2- month long internship program has helped me to convert our academic knowledge into practical experience. This report tries to focus on every aspect of our internship so that we can convey our learnings from the internship experience. Islami Bank Bangladesh Limited is one of the fastest growing and top performing banks of the country. In fact, IBBL is the first interest free bank in Southeast Asia which has been the flagbearer of Islamic Shariah based banking system in our country. As an intern, we got the opportunity to work at three different departments- General Banking, Foreign Exchange and Investment. While working at these departments, we got a hands-on experience about the products and services of IBBL and how they satisfy their existing clients. we also learnt about different operations and organizational procedures of IBBL during my internship tenure. We have tried to highlight our findings through different chapters in this report. The first chapter is the introductory part where basic information regarding the topic and purpose of study have been included. Secondly, the company overview of IBBL has been included which contains the history and products and services of IBBL. The 3rd chapter is the industry analysis which deals with the competitive landscape of the banking industry and shows the position of Islami Bank Bangladesh Limited within the industry. The next chapter contains the description of main duties and difficulties and challenges faced by me during the internship period. The 5th chapter is one of the most important chapters which contains different types of analysis which have been done based on personal experience. After the analysis, the next chapter focuses on the findings and recommendations part. Since we got to know the company from inside, we have some suggestions from our side which we think can be fruitful for the company. Lastly, we have tried to conclude the report by highlighting the growth and future opportunities which lies ahead of IBBL.