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    Foreign Exchange of SIBL

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    SharifMahmud
    This internship report analyzes the foreign exchange operations of Shahjalal Islami Bank Limited (SJIBL). It begins with an introduction and objectives. It then provides an overview of SJIBL, including its mission, vision, strategies and organizational structure. The report defines foreign exchange and describes international regulations and mechanisms. It discusses the key activities in foreign exchange, including import, export and foreign remittance processes. It explains the letter of credit process for imports. For exports, it covers bill scrutiny, export finance and letters of credit. The analysis section presents a SWOT analysis and evaluates SJIBL's foreign exchange business. The report concludes with recommendations to improve SJIBL's foreign exchange operations

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    Foreign Exchange of SIBL

    Uploaded by

    SharifMahmud
    328 views8 pages
    This internship report analyzes the foreign exchange operations of Shahjalal Islami Bank Limited (SJIBL). It begins with an introduction and objectives. It then provides an overview of SJIBL, including its mission, vision, strategies and organizational structure. The report defines foreign exchange and describes international regulations and mechanisms. It discusses the key activities in foreign exchange, including import, export and foreign remittance processes. It explains the letter of credit process for imports. For exports, it covers bill scrutiny, export finance and letters of credit. The analysis section presents a SWOT analysis and evaluates SJIBL's foreign exchange business. The report concludes with recommendations to improve SJIBL's foreign exchange operations

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    Foreign Exchange of SIBL

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    This internship report analyzes the foreign exchange operations of Shahjalal Islami Bank Limited (SJIBL). It begins with an introduction and objectives. It then provides an overview of SJIBL, including its mission, vision, strategies and organizational structure. The report defines foreign exchange and describes international regulations and mechanisms. It discusses the key activities in foreign exchange, including import, export and foreign remittance processes. It explains the letter of credit process for imports. For exports, it covers bill scrutiny, export finance and letters of credit. The analysis section presents a SWOT analysis and evaluates SJIBL's foreign exchange business. The report concludes with recommendations to improve SJIBL's foreign exchange operations

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    328 views8 pages

    Foreign Exchange of SIBL

    Uploaded by

    SharifMahmud
    This internship report analyzes the foreign exchange operations of Shahjalal Islami Bank Limited (SJIBL). It begins with an introduction and objectives. It then provides an overview of SJIBL, including its mission, vision, strategies and organizational structure. The report defines foreign exchange and describes international regulations and mechanisms. It discusses the key activities in foreign exchange, including import, export and foreign remittance processes. It explains the letter of credit process for imports. For exports, it covers bill scrutiny, export finance and letters of credit. The analysis section presents a SWOT analysis and evaluates SJIBL's foreign exchange business. The report concludes with recommendations to improve SJIBL's foreign exchange operations

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 8

    Internship Report

    On

    “An Analysis of Foreign Exchange Banking of Shahjalal Islami Bank Limited”

    SUBMITTED TO:

    Shakila Zerin Bony


    Assistant Professor
    Department of Business Administration
    Stamford University Bangladesh

    SUBMITTED BY:

    Name:
    ID:
    Major: Finance

    STAMFORD UNIVERSITY BANGLADESH


    Date of Submission:

    i
    Letter of Transmittal
    Date:
    Shakila Zerin Bony
    Assistant Professor
    Department of Business Administration
    Stamford University Bangladesh.
    Sub: Submission of Internship Report.

    Dear Sir,
    With due respect, I would like to inform you that is a great pleasure and privilege to present
    the internship report title “An Analysis of Foreign Exchange Banking of Shahjalal Islami
    Bank Limited” which was assigned to me as a partial requirement for the completion of
    MBA program.

    Throughout the study I have tried the best of my capacity to accommodate as much as
    information and relevant issues as possible and tried to follow the instructions that u have
    suggested. I put my best effort to make this report such as much detailed as possible. I
    sincerely I believe that this report would satisfied and meet the requirement and will serve the
    purpose of my internship program.

    I am grateful to you for your kind guidance cooperation at every step of my endeavor during
    preparing this report. It will be a great help for if you kindly take some time to go through the
    report and evaluate this. It will be a big reward for my effort if it adds value to the research
    literature.

    Sincerely Yours,
    ________________
    Name
    ID
    Major: finance
    Stamford University Bangladesh

    ii
    Student’s Declaration

    Internship Report

    I here announce that the extensive study entitled


    “An Analysis of Foreign Exchange Banking of Shahjalal Islami Bank Limited” Prepared
    in partial accomplishment the requirement for the award of the degree
    Master of Business Administration
    From
    STAMFORD UNIVERSITY BANGLADESH

    __________________
    Name
    ID
    Major: finance
    Stamford University Bangladesh

    iii
    Supervisor’s Declaration

    To Whom It May Concern

    This is to certify that the internee report on “An Analysis of Foreign Exchange Banking of
    Shahjalal Islami Bank Limited” For the degree Master of Business Administration (MBA)
    major in Finance from Stamford University Bangladesh carried out by Name…….. bearing
    ID No…… under my supervision.

    ………………………………
    Shakila Zerin Bony
    Assistant Professor
    Department of Business Administration
    Stamford University Bangladesh.

    iv
    Acknowledgement

    I am highly grateful & like to express my sincere thanks to HRD Of Shahjalal Islami bank
    Ltd. And Manager of Eskaton Branch who permitted me as an internship student in such a
    prestigious organization.

    In preparing the report “An Analysis of Foreign Exchange Banking of Shahjalal Islami
    Bank Limited” I am very much obliged for cordial cooperation from executive’s, officers
    and staffs Shahjalal Islami Bank Limited, Dhaka.

    I do hereby express my deepest thanks and appreciation to Shakila Zerin Bony, who is my
    honorable supervisor, for giving me valuable time and sincere guidance during the study
    period, which has inspired me in preparing this report. I pray to almighty Allah for his good
    health & long life.

    v
    Executive Summary

    The chief demand for foreign exchange within a country comes from importers of foreign
    goods, purchasers of foreign securities, government agencies purchasing goods and services
    abroad, and travelers. Collecting foreign remittance is another important function of the Bank.

    It is one type of a social activity and other side important source of bank’s income. Bank uses
    their collecting money with the participation of govt. for creating more employment
    opportunities. Shahjalal Islami Bank is a Bank with difference; this difference has been
    maintained throughout the passing years by ensuring highest customer care and maintaining
    competitive market price. The Bank will focus on its large customer base to generate more
    business from existing customers. This strategy is supported by wide spectrum of product and
    services and level of customer service delivery.

    Foreign exchange is an important department of Shahjalal Islami Bank, which deals with
    import, export and foreign remittances. It bridges between importers and exporters. This
    department is playing an important role in enhancing export earnings, which aids economic
    growth and in turn it helps for the economic development. On the other hand, it also helps to
    meet those goods and service, which are most demandable and not adequate in our country.

    vi
    Table of contents

    Particulars Page no
    Letter of Transmittal ii
    Student’s Declaration iii
    Supervisor’s Declaration iv
    Acknowledgement v
    Executive Summary vi
    Chapter One - Introduction
    1.1 Introduction of the study 02
    1.2 Objectives of the study 03
    1.3 Methodologies 04
    1.4 Limitation of the study 05
    Chapter Two- Organizational Over View of Shahjalal Islami Bank
    2.1 About Shahjalal Islami Bank Limited 07
    2.2 Profile of Shahjalal Islami Bank Limited. (SJIBL) 08
    2.3 Mission 09
    2.4 Vision 10
    2.5 Slogan of the Bank
    2.6 Strategies
    2.7 Organizational Structure 13
    2.8 Shariah council of SJIBL 14
    2.9 Conventional VS Islamic Banking 15
    Chapter Three- Foreign Exchange
    3.1 Definition of Foreign Exchange 17
    3.2 International regulations of foreign exchange 18
    3.3 Foreign Exchange Mechanism 19
    3.4 Graphical representation of Foreign Exchange Mechanism 21
    3.5 Activities of foreign exchange 22
    Chapter Four- Overview of Import

    vii
    4.1 Understanding 24
    4.2 Main Features of Import Policy 25
    4.3 Import Mechanism 27
    4.4 L/C Opening 29
    4.5 Procedure involved in L/C opening 30
    Chapter Five- Overview of Export
    5.1 Understanding: 37
    5.2 Things done here 38
    5.3 Export Bill Scrutiny 39
    5.4 Export Finance 41
    5.5 Export L/C 44
    Chapter Six- Overview of Foreign Remittance
    6.1 Foreign Remittance 48
    Chapter Seven- Analysis and Findings
    7.1 SWOT Analysis 52
    7.2 Foreign exchange business analysis 53
    7.3 Findings 55
    Chapter Eight- Recommendation & Conclusion
    8.1 Recommendation 58
    8.2 Conclusion 59
    Bibliography

    viii

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