American International University-Bangladesh (AIUB)

FINAL DRAFT INTERNSHIP REPORT ON Affiliation report on Al-Arafah Islami Bank Limited
An Internship Report Presented to the Faculty of Business Administration in Partial Fulfillment of the Requirements for the Degree of Master of Business Administration

Supervised By: Dr. Nisar Ahmed

Associate Professor Program Department of Finance & Director of MBA

Submitted By: HASAN MD. RASHEDUL ID: 11-94626-1 Major Area: Finance

Date of Submission: August 1, 2012

INTERNSHIP REPORT ON Affiliation Report on Al-Arafah Islami Bank Limited

Letter of Transmittal
1st August , 2012

Dr. Nisar Ahmed Associate Professor & Director of MBA Program Department of Finance

American International University-Bangladesh Banani, Dhaka. Subject -Submission of the Affiliation report on Al Arafha Islami Bank Limited

Dear Sir, With due respect, I tried to give my honest and maximum effort in this report. As far as I believe that the information of this is genuine and true. Despite of that, there might be some mistakes which were not noticed by me because of my inexperience. By collecting information for this report I also learn something very extra in practical. I would like to know you thanks from me for giving me such a great job and opportunity like this to prove my ability in making a quality report. If any mistakes remain I am heartily apologized for those. I hope you will take my mistakes forgivingly. With thanks Sincerely .. Hasan Md. Rashedul ID: 11-94626-1 Master of Business Administration Major in Finance

Letter of Endorsement

The Internship Report entitled Submission of the Affiliation report on Al-Arafah Islami Bank Limited has been submitted to the Office of Placement & Alumni, in partial fulfillment of the requirements for the degree of Master of Business Administration, Major in Finance Faculty of Business Administration on 1st th August , 2012 by Hasan Md. Rashedul, ID # 11-94626-1. The report has been accepted and may be presented to the Internship Defense Committee for evaluation.

(Any opinions, suggestions made in this report are entirely that of the author of the report. The University does not condone nor reject any of these opinions or suggestions).

______________________

Dr.Nisar Ahmed
Internship Supervisor

Acknowledgement
May I pay my gratitude to Almighty Allah for His Blessings to complete this report. I would like to express my deep sense of appreciation towards the managing body of AIBL for given me an opportunity to undergo my Internship study at Al-Arafah Islami Bank Ltd. I am greatly indebted to Dr. Nisar Ahmed Faculty, School of Business Administration Department of Finance, American International University Bangladesh, for his whole hearted cooperation, Supervision and valued guidance. His suggestion and guidelines during my Internship Period was really a great help to me. I must express my extreme gratitude to Janab Md. Anisur Rahaman Khan, Assistant Vice President of Human Resources Division Of AIBL and Md. Aminul Islam Bhuyan, Assistant Vice President of (IT) Division, for their constant guidance and help in completing this report and saving our valuable time placement and on time termination of internship period. I would like to put in black and white my heartiest gratitude and indebtness to Mr. Ataur Rahaman, Manager Mirpur Branch, Al- Arafah Islami bank Ltd for their advice , supervision , and assistance. My sincere gratitude to Kamrul Islam, Assistant manager, Mirpur Branch, Al- Arafah Islami bank Ltd. who helped, cooperated and provided all types essential data and information. Finally, I thank all the persons who have directly or indirectly contributed in preparing this report.

Executive Summery

Al-Arafah Islami bank provides us a complete lifestyle. Main objective of Islamic lifestyle is to be successful both in our mortal and immortal life. Therefore in every aspect of our life we should follow the doctrine of Al-Qur.an and lifestyle of Hazrat Muhammad (Sm.) for our supreme success. Al-Arafah Islami Bank started its journey in 1995 with the said principles in mind and to introduce a modern banking system based on Al-Qur.an and Sunnah. A group of established, dedicated and pious personalities of Bangladesh are the architects and directors of the Bank. This report is a result of my three month internship program where I have learnt many things that enriched my practical knowledge. This report contains a brief summary about AIBL.s information, its product and services, its activities, last four year financial ratio analysis, my duties at AIBL and financial highlights

Letter of Transmittal Letter of Endorsement Acknowledgement

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Executive Summery Chapter-1 1.1 Background of the Company 1.2 Vision 1.3 Mission 1.4 Objectives of AIBL 1.5 Commitments 1.6 Special feature of the bank 1.7 Branches of AIBL 1.8 Product / Services of AIBL 1.8.1: Mudaraba Terms Savings Deposit 1.8.2: Monthly profit based Term Deposit 1.8.5: Savings Investment Deposit: 1.8.6: Marriage Savings Deposit: 1.8.7: Savings Bond Deposit:

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2.0-Chapter:
2.1.1 General Banking: 2.1.2 Dispatch Section 2.1.3 Issuance of Demand Draft: 2.1.4 Bills Remittance Department: 2.1.6 Cash Collection 2.1.7 Checking Papers Submitted by customers for Short Term Loans:

2.1.8 Assisting Customers to Open Bank Account:

2.1.9 Deposit Break Through:

2.1.10 Providing Cheque: