Foreign Exchange Operation of Islami Bank Bangladesh Limited
Different Investment Modes of Islami Bank Bangladesh Limited
-
Upload
kazi-nazrul-islam -
Category
Documents
-
view
225 -
download
0
Transcript of Different Investment Modes of Islami Bank Bangladesh Limited
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
1/62
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
2/62
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
3/62
1.$ %ethodo&og#:
The study is performed based on the information e/tracted from different sources
collected by using a specific methodology. This report is analytical in nature. The
methodology is mentioned bello%Popu&ation: ll the #ranches of I##$ located in every%here in #angladesh has been
taken into consideration as population.
"amp&e Islami #ank #angladesh $td. 'in(ira #a(ar #ranch, $ocal 2ffice is the vital
sample.
'ata co&&ection +ources of data of this report can be divided into t%o categories.
Primar# "ources:Face to face conversation %ith the respective officers and staffs.
Intervie%ing officers and staffs.
3elevant file study on provided by the officers concerned.
In depth study of selected cases.
"econdar# "ources:
nnual 3eport of #angladesh #ank.udit 3eports.
3elevant books, 4e%spapers and 5ournals.
Internet and various study report.
1.( )imitations:
From the beginning to end, the study has been conducted %ith the intention of making it6s
a complete and truthful one. 7o%ever, many problems appeared in the %ay of conducting
the study. During the study it is not possible to visit the %hole area covered by the banks
although the financial statements and other information regarding the study have been
considered. The study considers the follo%ing consideration :
$ack of e/perience.
ll the concerned personnel of individual bank have not been intervie%ed.
$ack of in depth kno%ledge and analytical ability for %riting such report.
www.AssignmentPoint.com
Page 8
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
4/62
*hapter +wo
*oncept, -istor# /rowthof 0s&amic Banking Around
+he or&d
www.AssignmentPoint.com
Page 9
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
5/62
2.1 *O * P+ O4 0")A%0* BA 50 /:
The concept of Islamic #anking represents a radical departure from traditional banking.
Islamic banking has to derive its inspiration from the religious edicts of Islam and has to
mould its operations %ithin the frame%ork of the teachings of Islam. The most distinctivefeature of Islamic #anking is its total abstinence from interest is observance of Islamic
#anking and prohibition of all interest based transactions. The Islamic #anks organi(e
their operations on the basis of profit:loss sharing and other modes %hich are permitted in
Islam.
The -eneral +ecretariat of 2rgani(ation of the Islamic ;onference defines an Islamic
#ank as 8 of ?alaysia ) ct 4o 9.!@A* has given the follo%ing
definitions
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
6/62
papers of different scholars of the ?uslim orld. The 1=A" %as the decade for practical
e/periment and 1=@"Cs 1=>"Cs and 1=="Cs %ere the decade for establishment. The current
millennium is e/pected to be the decade of success and e/pansion at a faster rate.
During 1=A"Cs it %as observed that the ?uslims of ?alaysia used to save primarily for
performing 7a00 and such savings %ere mostly kept idle in pillo%s, under mattresses and
floors for avoiding interest %hich %as unproductive & damaging for the gro%th
&development free financial institution kno%n as
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
7/62
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
8/62
D?I, %hich started operations in 5anuary, 1=>! %ith a paid up capital of 81" million
has given utmost attention to setting up of a nit %ork of Islamic financial institutions
%hich include Islamic #anks, investment companies and Takaful )Islamic insurance*.
+he 'ubai 0s&amic Bank:
The Dubai Islamic #ank, established in 1=@B, is one of the pioneers in pioneers in Islamic
#anking. The ranges of its investment avenues includes housing, industrial pro0ects and
commercial activities. The bank has sho%n good profit in most of the years and in certain
years the retune given to depositors has been %e above that given by the conventional
banks. Dubai Islamic #ank has invested substantial amounts in Eu%ait Finance 7ouse,
the #ahrain Islamic #ank and the Faisal Islamic #ank of gypt and +udan.
+he 5uwait 4inance -ouse
The Eu%ait Finance 7ouse %as established in 1=@@ to conduct banking business in
accordance %ith the principles of +hariah
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
9/62
The bank at present has only one office in the capital of the country but it has an
ambitious program of opening branches in all the constituent states.
0s&ami Bank Bang&adesh )imited
Islami #ank #angladesh $imited %as incorporated on 18 "8 1=>8 and received its
#anking license on !> "8 1=>8. The authori(ed capital of the #ank is Tk. 1""."" crores
and paid up capital is Tk. A9."" crores.
Inspired by the success of Islami #ank #angladesh $imited B other Islamic #anks
namely, l #araka #ank, +ocial Investment #ank, l rafa Islami #ank, +ha0alal #ank
and +hamil #ank of #harain have been established in #angladesh. Prime #ank and Dhaka
#ank have established Islamic #ranches.
www.AssignmentPoint.com
Page =
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
10/62
*hapter +hree
Objecti es of 0s&amicconomics and Banking
www.AssignmentPoint.com
Page 1"
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
11/62
3.1 +he Objecti es of "hariah
The very ob0ective of the +hariah is to promote the %elfare of the people %hich lies in
safeguarding their faith, life, their intellect, their posterity, their %ealth. hatever ensures
the safeguarding of these five severs public interest and is desirable. ) l -ha(ali*The basis of the +hariah is %isdom and %elfare of the people in this %orld and the here
after. This %elfare lies in complete 0ustice, mercy, %ell being and %isdom. nything that
depart from 0ustice to oppression, form mercy to harshness, form %elfare to misery and
form %isdom to folly, has nothing to do %ith +hariah )Ibn l Gayyim*
3.2 'efinition of conomics:
Prof. $. 3obbins < conomics is a science %hich studies human behavior as arelationship bet%een ends scarce means %hich have alternative uses.
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
29/62
payable on e/ecution of the said contract and the commodity )ies*:product)s* to the buyer
at a future time in e/change of an advanced price fully paid on the spot.
0mportant features:
i. #ai +alam is mode of investment allo%ed by Islamic +hariah in %hich commodity
)ies*: Products)s* can be sold %ithout having the said commodity )ies*:products)s*
either in e/istence or physical: constructive possession of the seller. If the
commodity )ies*:product)s* are ready for sale, #ai +alam is not allo%ed in
+hariah. Then the sale may be done either in #ai ?urabaha or #ai ?ua00al mode
of investment.
ii. -enerally, Industrial and gricultural products are purchased:sold in advance
under #ai +alam mode of investment to infuse finance so that product is not
hindered due to shortage of fund:cash.
iii. It is permissible to obtain collateral security from the seller client to secure the
investment from any ha(ards vi(. non supply:partial supply of commodity
)ies*:product)s*, supply of lo% uality commodity )ies*:product)s* etc.
iv. It is also permissible to obtain ?ortgage and :or personal -uarantee from a third
party as security before the signing of the greement or at the time of signing the
greement.
v. #ai +alam on a particular commodity )ies*:product)s* or on a product of a
particular field or farm cannot be effected Hfor gricultural product)s* only .
vi. The seller )manufacturer*;lient may be made agent of the #ank to sell the goods
delivered to the #ank by him provided a separate agency agreement is e/ecuted
bet%een the #ank and the ;lient ) gent*.
d9 0stishna a : Istishna6a is a contract bet%een a manufacturer:seller and a buyer under
%hich the ?anufacturer:seller sells specific product)s* after having manufactured,
permissible under Islamic +hariah and $a% of the ;ountry after having manufactured at
an agreed price payable in advance or by installments %ithin a fi/ed period or on:%ithin a
fi/ed future date on the basis of the order placed by the buyer.
0mportant feature:
i. Istisna6a is an e/ceptional mode of investment allo%ed by Islamic +hariah in%hich product)s* can be sold %ithout having the same in e/istence. If the
www.AssignmentPoint.com
Page !=
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
30/62
product)s* are ready for sale. Istishna6a is not allo%ed in +hariah. Then the sale
may be done either in #ai ?urabaha or #ai ?ua00al mode of investment. In this
mode, deliveries of goods are deferred and payment of price may also be deferred.
ii. It facilitates the manufacturer sometimes to get the price of the goods in advance,
%hich he may use as capital for producing the goods.
iii. It gives the buyer opportunity to pay the price in some future dates or by
installments.
iv. It is a binding contract and no party is allo%ed to cancel the Istishna6a contract the
price is paid and received in full or in part or the manufacturer starts the %ork.
v. Istishna6a is specially practiced in ?anufacturing and industrial sectors. 7o%ever,
it can be practiced in agricultural and constructions sectors also.
2. "hare %echanism :
a. %udaraba : It is a from partnership %here one party provides the funds %hile the
other provides the e/pertise, labour and necessary business activities. The first party is
called the +ahib al ?all and the letter referred to at the ?udarib. ny profits accrued are
shared bet%een the t%o parties on a pre agreed basis, %hile capital loss in e/clusively
born by the partner providing the capital.
0mportant features:
i. #ank supplies capital as +ahib l ?all and the client invest if in the business %ith
his e/perience.
ii. dministration and management is maintained by the client.
iii. Profit is divided as per agreement.
iv. #ank bears the actual loss alone.
v. ;lient can not take another investment for that specific business %ithout the
permission of the #ank.
b. %usharakah : The terma N+hirkatO and ?usharakaO have been derived from rabic
%orids N+hairkahO and N+harikaO The %ord shirkah means a partnership bet%een more
than one partner. Thus the %ord N?usharakaO and N+hirkatO means a partnership
established bet%een t%o or more partners for purpose of a commercial venture
participated both in the capital and management %here the profit may be shared bet%een
www.AssignmentPoint.com
Page 8"
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
31/62
the partners as per agreed upon ratio and the loss. If any incurred, is to be borne by the
partners at per capital:e uity ratio.
In this case of Investment, N?usharakaO meaning a partnership bet%een the #ank and the
;lient for a particular business in %hich both the #ank and the ;lient provide capital at an
agreed upon ratio and manage the business 0ointly. +hare the rent as per agreed upon ratio
and bear the loss, if any in proportion to their respective e uity.
#ank may move itself %ith the selected ;lient for conducting any +hariah permissible
business under ?usharaka mode.
0mportant features:
i. The investment client %ill normally run and manage the business.
ii. The #ank shall take part in the policy and decision making as %ell as overseeing
)supervision and monitoring* the operations of the business of the ;lient. The #ank may
appoint suitable personal)s* to run the manage the business and to maintain books of
accounts of the business property.
iii. s the investment client shall manage the enterprise, the #ank may pay more
share of profit to him than that of his proportionate capital contribution.
iv. $oss, if any, shall be shared on the basis of capital ratio.
3. )easing %ode 80jara %echanism9:
A9 -ire purchase; 0jarah : The term I0arah has been derived from the rabic %orks
0r and J0rat %hich means consideration, return, %ages or rent. This is really the
e/change value or consideration, return, %ages, rent of service of an sset. I0arah has
been defined as a contract bet%een t%o parties, the 7iree and 7irer %here the 7irer
en0oys or reaps a specific service or benefit against a specified consideration or rent from
the asset o%ned by the 7iree. It is a hire agreement under %hich a certain asset is hired
out by the 7iree to a 7irer against fi/ed rent or rentals for a specified period.
B9 -ire Purchase under "hirkatu& %e&k:
%eaning and 'efinition:
www.AssignmentPoint.com
Page 81
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
32/62
7ire Purchase under +hirkatul ?elk is a +pecial type of contract, %hich has been
developed through practice. ctually, it is a synthesis of three contacts
)i* +hirkat
)ii* I0arah and
)iii* +ale
These may be defined as follo%s
i9 "hirkatu& %e&k
+hirkat means partnership. +hirkatul ?elk means share in o%nership. hen t%o or more
persons supply e uity, purchase an asset, o%n the same 0ointly, and share the benefit as
per agreement and bear the loss in proportion to their respective e uity, the contract is
called +harkatul ?elk contract.
ii9 0jarah
The term Iiarah has been derived from the rabic %orks ) ir* and
)Jirat* %hich means consideration, return, %ages or rent. This is really the e/change
value or consideration, return, %ages, rent of service of an asset. I0arah has been defined
as a contract bet%een t%o parties, the 7iree and 7irer %here the 7irer en0oys or reaps a
specific service or benefit against a specified consideration or rent from the asset o%ned
by the 7iree. It is a hire agreement under %hich a certain asset is hired out by the 7iree to
a 7irer against fi/ed rent or rentals for a specified period.
iii9 "a&e
This is a sale contract bet%een a buyer and a seller under %hich the o%nership of certain
goods or asset is transferred by seller to the buyer against agreed upon price paid : to be
paid by the buyer.
Thus, in 7ire Purchase under +hirkatul ?elk mode both the #ank and the ;lient supply
e uity in e ual or une ual proportion for purchase of an asset like land, building,
machinery, transports etc. Purchase the asset %ith that uit money, o%n the same 0ointly,
share the benefit as per agreement and bear the loss in proportion the their respective
e uity. The share, part of portion of the asset o%ned by the #ank is hired out to the ;lient
partner for a fi/ed rent per unit of time for a fi/ed period. $astly the #ank sells and
transfers the o%nership of itCs share:part:portion to the client against payment of price
www.AssignmentPoint.com
Page 8!
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
33/62
fi/ed for the part either gradually part by part or in lump sum %ithin the hire period or
after the e/piry of the hire agreement.
www.AssignmentPoint.com
Page 88
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
34/62
0mportant 4eatures:
1. In case of 7ire Purchase under +hirkatul ?elk transaction the asset: property
involved is 0ointly purchased by the 7iree )#ank* and the 7irer );lient* %ith
specified e uity participation under a +hirkatul ?elk ;ontract in %hich the
amount of e uity and share in o%nership of the asset of each partner )7iree #ank
& 7irer ;lient* are clearly mentioned. Jnder this agreement, the 7iree and the
7irer become co o%ner of the asset under transaction in proportion of their
respective e uity participation.
!. In 7ire Purchase under +hirkatul ?elk greement, the e/act o%nership of both
the 7iree )#ank* and 7irer );lient* must be recognised. 7o%ever, if the partners
agree and %ish that the asset purchased may be registered in the name of any one
of them or in the name of any third party, clearly mentioning the same in the 7ire
Purchase +hirkatul ?elk greement. 7o%ever, in I##$, no third party
registration shall be allo%ed.
8. The share: part of the purchased asset o%ned by the 7iree )#ank* is put at the
disposal: possession of the 7irer );lient* keeping the o%nership %ith him )#ank*
for a fi/ed period under a hire agreement in %hich the amount of rent per unit of
time and the benefit for %hich rent to be paid along %ith all other agreed upon
stipulation are also to be clearly stated. Jnder this agreement, the 7irer );lient*
becomes the o%ner of the benefit of the asset but not of the asset itself, in
accordance %ith the specific provisions of the contract %hich entitles the 7iree
)#ank* is entitled for the rentals.
9. s the o%nership of hired portion of the asset lies %ith the 7iree )#ank* and rent
is paid by the 7irer );lient* against the specific benefit, the rent is not considered
as price or part of price of the asset.
B. In the 7ire Purchase under +hirkatul ?elk greement the 7iree )#ank* does not
sell or the 7irer );lient* does not purchase the asset but the 7iree )#ank* premise
to sell the asset to the 7irer );lient* part by part only, if the 7irer );lient* pays the
cost price:e uity:agreed price as fi/ed for the asset as per stipulation %ithin agreed
upon period on %hich the 7irer also gives undertakings.
A. The promise to transfer legal title by the 7iree and undertakings given by the
7irer to purchase o%nership of the hired asset upon payment part by part as per
stipulations are effected only %hen it is actually done by a separate sale contract.
www.AssignmentPoint.com
Page 89
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
35/62
@. s soon as any part of 7ireeCs )#ankCs* o%nership of the asset is transferred to the
7irer );lient* that becomes the property of the 7irer and hire contract for that
share:part and entitlement for rent thereof lapses.
>. In 7ire Purchase under +hirkatul ?elk greement, the +hirkatul ?elk contract is
effected from the day the e uity of both parties deposited and the asset is
purchased and continues up to the day on %hich the full title of 7iree )#ank* is
transferred to the 7irer );lient*.
=. 7ire Purchased under +hirkatul ?elk transaction facilitates the ;lient )7irer* to
get benefit from the hired asset in e/change of rental and also to become full
o%ner of the asset by purchasing it part by part.
1". If, for any reason, the hire contract is revoked prior to the transfer for full title of
the asset to the 7irer, then the title of the asset %ill be shared by both 7iree and
7irer the 7irer %ill share that part of title %hich has been transferred to him
against payment and the 7iree %ill share the remaining part.
11. The 7irer to secure the #ank )the 7iree* %ill pledge: hypothecate : mortgage his
portion : part : share in the asset )ac uired : to be ac uired* and or any other asset:
property of his o%n : third party guarantor to the #ank to fulfill his all liabilities:
commitments including the accrued rental, if any.
Ru&es for -ire Purchase under "hirkatu& %e&k
It is a condition that the sub0ect )benefit:service* of the contract and the asset
)ob0ect* should be kno%n comprehensively.
It is a condition that the asset)s* to be hired must not be a fungible one )Perishable
or consumable* %ith can not be used more than once or in other %ords, the
asset)s* must be a non fungible one %hich can be utili(ed more than once or the
use:benefit:service of %hich can be separated from the asset)s* itself.
It is a condition that the sub0ect )benefit:service* of the contract must actually and
legally be attainable:derivable. It is not permissible to hire something, the
handing over of the possession of %hich is impossible. If the asset is a 0ointly
o%ned property, any partner, according to the ma0ority of the 0urists, may let his
portion of the asset)s* to co o%ner)s* or the persons)s* other than the co o%ner)s*.
7o%ever, it is also permissible for a partner to hire his share to the other
partner)s*.
www.AssignmentPoint.com
Page 8B
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
36/62
It is a condition that the 7irer shall ensure that he %ill make use of the asset)s* as
per provisions of the greement or as per customs:norms:practice, if there is no
e/pressed provision.
The hire contract is permissible only %hen the asset)s* and he benefit:servicederived from it is %ithin the category of C7alaC or at least C?obahC as per Islamic
+hariah.
The 7iree is under obligation to enable the 7irer to the benefit from the asset)s*
by putting the possession of the asset)s* at his disposal in useable condition at the
commencement of the hire period.
In a hire contract, the period of hire and the rental to be paid per unit of time be
clearly stated. verything that is suitable to be considered a price, in a sale, can be suitable to
considered as rental in a hire contract.
It is a condition that the rental falls due from the date of handing over of the asset
to 7irer and not from the date of contract or use of the asset.
It is permissible to advance, defer or install the rental in accordance %ith the
greement.
It is permissible to revie% the hire period or the rental or the both, if the 7iree andthe 7irer mutually agree to do so.
The hired asset is a trust in the hands of the 7irer. 7e %ill maintain the asset)s*
%ith due produce and shall not be held responsible for the damage or destruction
of the asset %ithout transgression, default or negligence, other%ise he must be
responsible for the same.
The 7iree:o%ner bears all the costs of legally binding basic repairs & maintenance
including the cost of replacement of durable parts on %hich the permanence andsuitability of the hired asset)s* depend or as per ;ontract.
It is permissible to make the 7irer to bear the cost of ordinary routine
maintenance, because this cost is normally kno%n and can be considered as part of
the rental.
It is permissible for the 7irer to let the asset to a third party during the hire period
%hether for the same rental or more or less as long as the asset is not affected by
www.AssignmentPoint.com
Page 8A
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
37/62
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
38/62
and to sell each part of o%nership on payment of proportionate sale:cost price of
the 7iree.
Jnder 7ire Purchase under +hirkatul ?elk greement, both the 7iree and the
7irer must pay their respective e uity as agreed upon to purchase the demisedasset under 0oint o%nership.
2%nership of the asset of both the 7iree and the 7irer should be recogni(ed as per
la% of the land.
$.3. Operationa& Procedure in 0BB):
?odus 2perandi The ?odus 2perandi of 7ire Purchase under +hirkatul ?elk %ill be asfollo%s
Induction of client
7ole preliminary discussion %ith the prospective ;lient regarding his Investment
needs, business e/perience, viability of the pro0ect and +hariah permissibility of
the asset, the business and the uses of the asset.
#rief him on the salient features of 7ire Purchase under +hirkatul ?elk mode of
Investment. pprise, in particular, the usual terms and conditions under %hich the#ank makes such investment. Discuss about ;lientsC e uity participation and its
immediate availability.
$ook to the past performance of the ;lient, ;heck up 7ead 2ffice ;urrent
Investment Policy and #ranchCs track record of 7ire purchase under +hirkatul
?elk Investment of the item)s*.
If the Proposal is found permissible under Islamic principles and suitable, advise
the ;lient to submit formal pplication. If not found suitable, regret politely. 3e uest potential ;lient to open an l adia ;urrent ccount. $et him maintain
the ;urrent ccount. $et him maintain the ;urrent ccount satisfactorily for a
reasonable period. )This %ill generally mean si/ month*.
App&ication
2btain application in triplicate from the ;lient of F 1A@ and record the same in
the Investment Proposal 3eceived and Disposal 3egister )# B8*.
www.AssignmentPoint.com
Page 8>
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
39/62
2btain and affi/ attested photograph)s* of the Proprietor : Partner: Directors : Trustee :
dministrator on the top right hand corner of the application.
+crutini(e the application of the ;lient to see that
a. ll columns are properly filled inL b. Particulars and information given therein are complete and correct in all
respectsL
c. ll re uired Documents:Papers as listed in the footnote for the
applications are submitted.
d. It is signed by the ;lient as per specimen signature %ith the #ank and
duly verified by the authori(ed official of the #ank.
*ategori
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
40/62
o 7ire Purchase under +hirkatul ?elk Industrial in the form of $and #uilding,
?arket, partments, for use:rental shall be termed as 7ire Purchase under
+hirkatul ?elk 3eal state.
$.! Processing and Appraisa&:
o ;heck up ;redit 3estriction schedule of #angladesh #ank and 7ead 2ffice current
Investment Policy -uidelines. 3e0ect the proposal, if it conflicts %ith the e/isting
;redit 3estrictions of #angladesh #ank and 7ead 2ffice Policy -uidelines.
o isit the #usiness stablishment of the ;lient. Tally:verify the securities,
particulars, information and figures given in the pplication Form %ith theoriginal Documents:Papers and be sanguine about its genuineness and correctness.
2btain additional information, particulars, facts and figures, if re uired.
o Talk to the business and important personalities of the locality to ascertain the
honesty, integrity and business dealings of the ;lient.
o 3e uest for ;onfidential 3eport of the ;lient from local #ank #ranches. Do not
finali(e the proposal until the ;onfidential 3eport from all #ank #ranches are
received.o ;onfidential 3eports should also be obtained from local Financial, ;redit and
$easing Institutions, if felt necessary.
o 2btain 3eport from ;redit information #ureau );I#* of #angladesh #ank through
7ead 2ffice Investment Division as per ;ircular issued by 7.2. from time to time
in this regard.
o 2btain declaration of the ;lient about his liability )both contingent and real* %ith
other #anks:Financial Institutions:$easing ;ompanies etc. including any other branches of I##$.
o 2btain Financial +tatement:#alance +heet of the concerned application)s* for last
three consecutive accounting years for investment proposals of Tk. B"."" lac and
above or as per 7ead 2ffice Instruction. This is to be furnished by all ;lients
irrespective of their status i.e. Individual, Proprietorship, Partnership,
Private:Public $imited ;ompany, Trust #ody etc. engaged in business.
o Inspect $and #uilding)s*, other assets and Properties proposed to be mortgaged or
hypothecated as collaterals. scertain prima facie genuineness and correctness of
www.AssignmentPoint.com
Page 9"
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
41/62
those collaterals in cross references to Documents, Title Deeds and other relevant
Papers. scertain primarily the market value and the forced sale value of the
proposed collaterals.
o For%ard the Documents, Title Deeds and other relevant papers to the approved
$a%yer of the #ank for e/amination and furnishing his opinion. )$a%yerCs
opinion should be clean and %ithout ambiguity*.
o 2btain $a%yerCs opinion as per clause 4o. @.1>.!)i*
o Please study the follo%ing carefully and note do%n the actual findings in the
ppraisal Form against each item.
o hether the asset, %hich the ;lient intends to hire and purchase, is readily useable
and have constant and effective demand in the market.o hether the price of the asset is sub0ect to fre uent and violent changes.
o hether the asset is non fungible or has flo% of services.
o hether the uality and other specifications of the asset as desired by the ;lient can
be ensured.
o hether the assets are available in the market and it is possible to
purchase:construct:manufacture:make the asset in time and a the negotiable
price:cost.o hether rental and sale price of the assets are payable by the ;lient at the agreed
specified future date)s* is lump sum or by instilments as per proposal.
o hether ;lient & #ankCs e uity ration is fi/ed to cover the price:cost of the asset.
o hether the pro0ect:deal is profitable to generate sufficient fund to pay the rent:sale
price by the ;lient %ithin the deal period.
o Market price and cost price shou d be care!u y studied by the In"estment
Committee o! the branch and proper y recorded# "eri!ied and si$ned.o For 7ire Purchase under +hirkatul ?elk Investment )other than the +chemes*,
prepare ppraisal 3eport on F 1A@#.
o For ppraisal of 7ire Purchase under +hirkatul ?elk Industrial :
griculture : .......... +cheme, use specific ppraisal Form devised for each of
those, if any, other%ise F 1A@:#, providing the available:re uired supplementary
information. In course of preparation of the ppraisal 3eport please ensure
incorporation of all information, particulars, figures and statistics in ppraisalForm correctly %ith special attention to the follo%ing
www.AssignmentPoint.com
Page 91
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
42/62
o ;omposition of assets of the ;lient vi(. ;ash, +ecurities, Investments, #uilding,
$anded Prosperity, +tock in Trade, +tores, ork in process etc.
o /tent and nature of liabilities )institutional:market* of the ;lient i.e. %hether the
volume is %ithin the manageable capacity of the ;lient. 2pinion in this regard and 0ustification thereof must be clearly mentioned.
o The value of li uid asset vi(. ;ash and #ook Debts of the ;lient to ensure
re uired cash flo%.
o 3espectability and business reputation of the ;lient in the market.
o /perience of the ;lient in the business, management capability etc.
o here the asset %ill be kept:run:established: constructed: installed and ho% the
same %ill be used. hether the arrangement is satisfactory and #ankCs interest%ill be protected properly.
o ;ontact primarily %ith the Producers:+ellers:+uppliers of the asset in the market,
study the market price and %orkout the purchase and sale prices and rental of the
asset as per follo%ing guidelines, and ascertain and not %hether the purchase of
the asset by the ;lient from the #ank %ill be profitable to him and %hether the
;lient shall be able to pay the rental and price of the asset to the #ank %ithin the
stipulated period.
o It is permissible for the #ank to authori(e the ;lient partner to buy and receive the
asset on behalf of the #ank and the ;lient.
o -uideline for %orking out the cost price of the asset
o orkout the cost price of the asset and other e/penses to be incurred to bring the
asset into useable condition as per follo%ing guidelines
$.$ *ost price of the assets:a. Purchase price of the asset P$J+
2ther e/penditures concerning the purchase i.e. Transportation, +torage, cost of
construction, cost of installation, making etc. before hire of the asset to the 7irer
partner.
b. ;onveyance T :D of #ank 2fficial or the gent, if any.
c. ;ommission paid to the gent, if any.
d. ;ost of remittance of fund.
e. Transportation cost up to #ankCs -odo%n:;lientCs Pro0ect +ite )if any*.
www.AssignmentPoint.com
Page 9!
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
43/62
f. Transit Insurance and out of Pocket e/penses.
g. 2ther e/penses e/cept interest incurred, if any, Interest element, if any, is to be paid
by the 7irer partner.
h. -o do%n rent and -o do%n staff +alary, if any, incurred before delivery:handing
over the asset to the 7irer in good and usable condition.
i. Income loses sustained during the gestation period.
If for any reason the ;lient after handing over the asset to him in good and usable
condition uses #ankCs -o do%n, the -o do%n rent and -o do%n staff salary %ill be
borne by him )7irer partner*.
Fi/ation of 3ental and the sale price of the sset
The sale price of the asset )#ankCs share:portion* %ill be fi/ed normally on the cost price
of the assets as incurred a incurred:calculated on the basis of the guidelines given at para
@.1B.1 above taking into account the /pected 3ate of 3eturn ) 33* for the %hole period
of investment including the gestation period into consideration.
2n receiving the proposal and the ppraisal 3eport along %ith supporting
papers, 7ead 2ffice %ill either pprove or 3egret duly recorded in the
Investment proposal 3eceived & Disposal 3egister )# B8* & Investment :
Facility +anctioned 3egister. )# 1=*
If the proposal is approved by the #ranch:the (onal office: 7ead office, the
branch %ill issue the +anction dvice %ith a copy to '2:72 duly recorded
in Investment:Facility +anctioned 3egister %ith authority %ise separate
openings )#ranch : '2.72* mentioning all the terms and conditions in
duplicate to the investment ;lient for the limit.
If the ;lient duly accepts the sanction terms and conditions, enter the
particulars of the sanctioned proposal in the limit register allotting a fi/ed
serial number for the each client as per limit register %hich shall remain
permanent irrespective of the mode )s* so long the ;lient continues %ith
the #ank )#ranch : 2ffice*.
2pen file client %ise, affi/ing the Fi/ed number allotted to him as per
limit register and clientCs name, address, )#usiness address, present
address, Permanent address, 3esidential address and
www.AssignmentPoint.com
Page 98
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
44/62
telephone:Fa/:Tele/:cable numbers be recorded prominently in the inner
side of the Investment File for easy tracing in case of need.*
#ranch:'onal office: 7ead 2ffice shall maintain Investment:Facility
sanctioned register, uthority %ise separately for investment:facility)general* and scheme %ise. They shall also maintain investment:facility
proposals received and disposal register & limit register.
$.( 'ocumentation
#efore purchasing the asset: property by the #ank, obtain sufficient collateral
securities as mentioned in the sanction advice along %ith the follo%ing charge
documents properly e/ecuted i.e. duly filled in, signed, stamped, verified and%itnessed %here necessary
a. 7ire Purchase under +hirkatul ?elk +anction dvice deal %ise duly accepted by
the client.
b. 7ire Purchase under +hirkatul ?elk greement )Deal %ise*.
c. $etter of Pledge )Deal %ise*:?ortgage Deed.
d. +ingle party D.P. 4ot, if there is no guarantor.
e. Double party D.P. 4ot, if there is guarantor )s* to be made by the ;lient in favor
of the guarantor and endorsed by the later to the #ank.
e. D.P. 4ot Delivery letter.
f. $etter of 7ypothecation for the asset)s* and ;lientCs stock in Trade:%ork in
process.
g. $etter of Disclaimer, if stored in ;lientCs : PartyCs o%n:hired godo%n.
h. Insurance policy )If stored in ;lientCs : PartyCs -odo%n : yard under #ankCs
effective control* duly recorded in insurance register.
i. $etter of guarantee.
0. #alance confirmation letter.
k. $etter of installments.
l. $etter of Disbursement.
If the investment is made collaterally secured by ?ortgage of property, obtain the
follo%ing documents
www.AssignmentPoint.com
Page 99
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
45/62
a. In case of uitable mortgage, ?emorandum of Deposit of Title Deep )?DTD*
signed by the o%ner of the property.
b. In case of $egal ?ortgage, 3egistered ?ortgage Deed should be obtained.
c. Personal -uarantee of the o%ners of the property on.
d. 2riginal Title Deeds %ith ;+, 3+, + , ?utation Parcha, D;3 of the property and
?utation record.
e. Jp to date 3ent 3eceipt.
f. 4on encumbrance ;ertificate along %ith +earch Fee Paid 3eceipt of the concerned
3egistry: +ub 3egistry office.
g. +ite plan )?ap:4aksha* of the ?ortgaged property.
h. aluation ;ertificate )issued by a competent civil engineer and physically verified
by the #ranch 2fficials* countersigned by the ?anager certifying the ?arket value
and the Forced sale value. alue of the land and value of the construction to be
sho%n separately taking the depreciated value of the construction:building into
consideration as per standard norms.
)The valuation ;ertificate should be self contained one giving full particulars of the
land, i.e. Deg 4umber, Ehatian 4umber, Plot 4umber, 7olding 4umber, ?ou(a
4umber and name of the ?ou(a, +chedule );ho%haddi*, mentioning the name of
the o%ners of the $and:#uilding along %ith a site plan duly signed by the o%ners of
the property, the ;lient and attested by a civil ngineer and the #ranch ?anager*.
i. $a%yerCs certification about verification of the Title Deed %hich should be in clear
terms that the property covered by the Title Deeds is free from all encumbrances
and the mortgagor)s* have clear valued Title to the property and the same can be
accepted as collateral security against the Investment:Facility. $egal opinion should
be self contained, %ithout any ambiguity and clean in all respects.
0. n ffidavit be s%orn in before a 1st ;lass ?agistrate by the o%ner of the property
to the effect that the property offered for mortgage as security is of his o%n and free
from all encumbrances and the o%ners is:are la%ful o%ners in possession and
he:they %ill not ncumber:Transfer:sale and:or charge the property in any manner
%hatsoever to other during the continuance of #ankCs Investment %ithout prior
clearance of the #ank.
here the Investment is secured by pledge: hypothecation of +tock in Trade,
?achineries etc., also obtain the follo%ing Document
www.AssignmentPoint.com
Page 9B
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
46/62
a. $etter of Pledge asset & goods security, for ;lientCs stocks in Trade: %ork in
Process etc. if any.
b. $etter of 7ypothecation for ;lientCs stocks, stores, ork in Process etc.
c. $egal ?ortgage of ?achineries %ith full details of each machinery.
In case the investment ;ollaterally : dditionally secured by Pledge of +hares of
reputed Public $imited company on #ankCs approved list and uoted in the stock
/change, the follo%ing additional documents are to be obtained
a. greement for Pledge of share along %ith original share certificates )4o share in
the name of minor shall be accepted as security*.
b. #lank +hare Transfer Deed in Duplicate on copy signed, dated and another copy
signed and undated.
c. +hare Delivery letter addressed to the #ank.
d. $etter to the concerned ;ompany to register $ine in #ankCs favour.
This notice shall be sent be registered ackno%ledgement Due post )registered :D
post* and confirmation of recording the $ien shall be obtained from the concerned
company.
e. $etter of authority in #ankCs favour duly signed by the share holder to collect
dividend : #onus on his behalf on the share pledged to the #ank. In case of
Investment to partnership Firms, obtain the follo%ing Document
a. ;opy of partnership deed signed by all partners.
b. ;opy of partnership deed duly attested by a 1st ;lass -a(etted office %ith the
original copy and attested by the incumbent in charge of the #ranch.
In case of investment to Private or public $imited company, obtain the follo%ing
additional document
a. 2btain certified copy of the ?emorandum and rticles of ssociation of the
company to ensure that the company has necessary po%er to borro%:avail
investment from any #ank.
b. 3esolution of the board of Directors of the ;ompany to avail Investment: Facility:
#orro%, do #usiness %ith I##$ and authori(ing the office bearers to /ecute
necessary Documents.
c. Personal -uarantee of the Directors of the ;ompany.
www.AssignmentPoint.com
Page 9A
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
47/62
d. If the investment is allo%ed on 7ypothecation of assets, in addition to other charge
documents, 1st charge under relevant section of the ;ompanyCs ct 1==9 shall be
created in #ankCs favour in respect of ;ompanCs assets prescribed as security. This
charge shall be created %ith the registrar of 5oint +tock ;ompanies %ithin !1 days
from the date of e/ecution of relative ;harge Documents.
e. ;ertificate issued by the registrar of 5oint +tock ;ompanies under section 119 of the
companies act 1==9 in respect of creation of charges.
f. ;opies of ?emorandum and rticles of ssociation %ith the latest amendments, if
any, duly certified by the registrar of 0oint stock companies and attested by the
managing director on every page %ith official seal of the company and duly verified
by the incumbent In charge of the #ranch.
g. copy of the ;ertificate of Incorporation duly attested by the Incumbent In
charge of the of the #ranch.
h. copy of the certificate of commencement of #usiness )in case of publish $imited
company* duly attested by the incumbent In charge of the #ranch.
In case of investment to a trust organi(ation obtain the follo%ing Document in
addition to other charge Documents
a. ;opy of trust deed duly attested by a 1st class -a(etted officer and verified by the
incumbent in charge of the branch %ith the original copy. The Trust Deed must
contain a clause authori(ing the Trustees to do business %ith banks and to avail
investment facilities:borro% from banks.
b. 3esolution of the #oard of Trustees to do business %ith I##$ and avail investment:
faculties: borro% from I##$.
c. The charge documents and all other agreements shall be signed : e/ecuted by persons
authori(ed by all the members of the board of Trustees, if Trustees are authori(ed to
delegate their po%ers by the trust Deed, other%ise all the Trustees must sign:e/ecute
the charge documents and all other agreements.
d. Personal guarantee of all the members of the board of trustees must be obtained.
In case of investment to co operative security, obtain the follo%ing documents
also
a. ;learance from the register of co operative societies for doing business and avail
faculties : Investment from I##$ %ithin the annual borro%ing limit of the society.
www.AssignmentPoint.com
Page 9@
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
48/62
b. $etter to be issued to the concerned registrar of co operative societies under
registered :D ?ail informing about allo%ing investment:facility to the concerned
society by the bank as per clearance accorded by him.
c. Personal guarantee of the office #earers of the society in their personal capacity.
d. copy of the bye la%s of the society duly certified by the registrar of the co
operation societies.
"ome genera& instruction
3ates stamp duty on various types of documents %ill be supplied by the concerned
department of 7ead office, )$a% department*, from time to time.
+ignature of the ;lient on Documents should be verified by the Incumbent in
charge: authori(ed official in pencil.
#efore preserving the documents in strong 3oom, the investment committee of the
branch should certify that all the formalities of documentation have been properly
done and completed strictly as per terms of the sanction advice ) format to be
developed for the certificate as per Performa*.
fter completion of documentation, enter the documents in documents e/ecution
registerL put into an envelope:file cover duly inscribing the name of the client
deal %ise and preserve in the strong room in fire proof safe: lmirh under 5oint
custody of the incumbent in charge of the branch and the officer in charge of the
investment department !nd officer of the #ranch.
$.= "pecia& 0n estment "chemes:
The #ank, since its inception, has been %orking for the upliftment and emancipation of
the underprivileged, do%ntrodden and neglected sections of the populace and has taken
up various schemes for their %ell being. The ob0ectives of these schemes are to raise the
standard of living of lo% income group, development of human resources and creation of
avenues for self employment. There are sho%n different types of investment under
different investment scheme. They are sho%n by a graph
www.AssignmentPoint.com
Page 9>
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
49/62
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
50/62
2. -ousing 0n estment "cheme
The #ank has introduced this scheme recently to ease the serious housing problem in the
urban areas and to make arrangement for comfortable accommodation of the fi/ed
income group.Officia&s of the 'efense 4orces: Permanent 2fficials of -overnment, +emi -overnment
and utonomous 2rgani(ationsL Teachers of the established Jniversities, Jniversity
;olleges & ?edical ;ollege -raduate ngineers, Doctors and stablished professionalsL
#angladeshi 2fficials of reputed ?ultinational ;ompanies, International Financial
2rgani(ations, Donor gencies, Foreign mbassies etc. 2fficials of local established &
reputed public $imited ;ompaniesL age arner professionals like Doctors, ngineers,
ccountants, Teachers and other profession doing good 0ob abroad %ith hand some pay
package shall be eligible to apply for availing investment facilities under the +cheme.
3. Rea& state 0n estment Program
Professionals, +ervice holders, #usinessmen, 3eal state Developer and other categories
of people %ho are not entitled for availing investment facilities under 7ousing investment
+cheme, shall be eligible under this program. Investment is to be e/tension: completion
of the house already constructed, commercial building. +hopping comple/, flat:
apartment etc.
!. +ransport 0n estment "cheme
To ease the e/isting transportation problem and ensure speedy economic gro%th and
development of the country particularly the e/pansion of trade, commerce and industry,
the #ank has taken up this +cheme. Jnder this +cheme investment is being allo%ed to the
e/isting successful businessmen and potential entrepreneurs in this sector for all types of
road and %ater transport like bus, mini bus, truck, launch, cargo vessel, transport for rent
a car serviceL and baby ta/i, tempo, pick up van for self employmentL and ambulance for
clinic & hospital. The #ank is also e/tending investment facilities to multinational
companies, established business houses and %ell to do officials and professionals for
ac uisition of private cars, microbus and 0eeps.
$. *ar 0n estment "cheme
www.AssignmentPoint.com
Page B"
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
51/62
;ar is considered as an essential mode of transport in the modern society, particularly by
a section of the officials, business houses and business e/ecutives and established
professionals for movement in discharging their duties and responsibilities punctually and
efficiently. To meet this need, Islami #ank has introduced the
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
52/62
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
53/62
like developing country of #angladesh +? $one is very important for developing
economy. I##$ invest this types of loan in small and middle enterprise. The investment
of +? are increasing day by day. Three years investment in +? are sho%n belo%
)Tk. ?illion*
Qear !""> !""= !"1"+? invest @>9BA B@1B= 8@1B9Increasing !1!=@ !""""B 19B9"
3ate of Increasing 8@K B9K A9K
$.@ Opportunit# +hreats of 0BB) in Bang&adesh.
Despite tremendous popular support spectacular success in terms of mobili(ation of
deposit and distribution of profit Islamic banking in #angladesh yet to achieve the
desired level of success due to the absence of appropriate legal frame%ork for
carrying out Islamic #anking operations in the country. ll the government
approved securities in #angladesh are interest bearing, #esides, Islamic ?oney
?arket in #angladesh is yet to develop. s a result the Islamic banks, %hich are
committed to avoid interest, cannot invest the permissible part of their +tatutory
$i uidity 3eserve and short Term $i uidity in those securities.
Inspire of the present limitations, Islamic banking system has tremendous potentiality
and prospect in #angladesh, Firstly, the successful launching and needs to an Islamic
?oney ?arket in the country. +econdly Islamic banks have brought together man
www.AssignmentPoint.com
Page B8
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
54/62
*hapter "iRecommendations and
*onc&usion
www.AssignmentPoint.com
Page B9
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
55/62
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
56/62
Recommendations
During the period of preparing my ?aster Paperabout different modes of investment of
Islami #ank #angladesh $imited, 'in(ira #rance, our recommendations about operationof I##$ are as follo%s
Islami #ank #angladesh $imited should establish ne%:updated financial products
to attract to potential depositors.
;ustomer6s credit scheme should ameliorate by various modern banking systems.
I##$ ought to also precede incorporate
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
57/62
B0B)0O/RAP-6
1* Islami #ank 1> Qears of Progress
!* nnual 3eport of Islami #ank #angladesh $imited !"1"8* arious types of publications of I##$
9* Islami #ank Porichety.
B* Islamic #ank ebsite ) %%%.islamibankbd.com *
A* Personal intervie% at 'in(ira brance
www.AssignmentPoint.com
Page B@
http://www.islamibankbd.com/http://www.islamibankbd.com/ -
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
58/62
Appendix
+ome bbreviated %ords
I##$ Islami #ank #angladesh $td.FT2D Foreign Trade 2peration Division
F3?D Foreign 3emittance ?anagement Division
TF?D Tresury and Fund ?anagement Division
?D sset ?anagement Division
F3+D Foreign 3emittance +ervice Division
-ID -eneral Investment Division
3D2 3ural Development 2peration
PID Pro0ect Investment Division
F D Financial dministration Division
ITD Information & Telecommunication Division
7P+? 7ire Purchase Jnder +hirkatul ?elk
7D+ 3urla Development +cheme
www.AssignmentPoint.com
Page B>
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
59/62
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
60/62
TE. 1"""" 1B""" TE. 8"""" 8B"""
TE. 1B""" !"""" TE. 8B""" 9""""
TE. !"""" !B""" TE. 9"""" or more
@. %onth "a ings
$ess then TE.9""" TE. >""" 1""""
TE. 9""" A""" TE. 1"""" or more
TE. A""" >"""
?. umber of 'ependent
1 ! 8 9 B or more
1>. umber of earning member
1 ! 8 9 or more
11. ou&d #ou p&ease mention the principa& month e penditure purposeE
Food Jtility bill
7ealth ntertainment
ducation 2thers )please specify*
7ouse 3ent
12. Are #ou aware of the consumer finance scheme of the 0BB)E
Qes 4o
13. hat t#pe of &oan faci&ities ha e #ou taken from the 0BB)E
+mall #usiness $oan +cheme
7ouse repairing:3enovation $oan +cheme
Personal $oan +cheme for +alaried Person
1!. ou&d #ou p&ease mention the reason behind choosing 0BB) for taking &oanE
Guick +ervice $o%er interest rate
Technology #ank6s 3eputation
;ommunication system ;ustomer 7andling
$onger 3epayment Period 3estricted 3ules and
3egulations
vailability of desired banking products
1$. 'o #ou ha e an# &oan from another bankE
Qes 4o
1(. 0f the answer of the Fuestion no. 1$ is 6 ", then mention the organi
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
61/62
1=. 0f the answer of the Fuestion no. 1$ is 6 ", then mention #our purpose:
#uying of household goods #usiness purpose
7ouse $oan #uying ;ar
others )Please specifyRRRRRRRRR*
1@. ou&d #ou p&ease mention the reason behind choosing another bank for taking
&oanE
Guick +ervice $o%er interest rate
Technology #ank6s 3eputation
;ommunication system ;ustomer 7andling
$onger 3epayment Period 3estricted 3ules and
3egulations
vailability of desired banking products
1?. 'o #ou ha e an# intention to take &oan from another BankE
Qes 4o
2>. 0f 1? is 6 " then from which bankE
RRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR
21. 0f 1? is 6 ", p&ease mention the reason
Guick +ervice $o%er interest rate
Technology #ank6s 3eputation
;ommunication system ;ustomer 7andling
$onger 3epayment Period 3estricted 3ules and 3egulations
vailability of desired banking products
www.AssignmentPoint.com
Page A1
-
8/11/2019 Different Investment Modes of Islami Bank Bangladesh Limited
62/62
22. P&ease mention #our &e e& of satisfaction in terms of 0BB) s *onsumer *redit
"cheme:
3eason 7ighly
+atisfied
+atisfied ?oderate Dissatisfied 7ighly
DissatisfiedGuick +ervicevailability of desired
banking products$o%er interest rateTechnology#ank6s 3eputation;ommunication
system3estricted 3ules and
3egulations;ustomer 7andling$onger 3epayment
Period
23. P&ease make a comment on *onsumer *redit "cheme b# **B):
RRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR
RRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR
RRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR
RRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR
RRRRRRRRRRRRRRRRRRRRRRR.
B#7
%d. Anisur Rahman
+hank 6ou
Page A!