Report Overall Financial Activities

8/9/2019 Report Overall Financial Activities

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The Overall Financial Activities

Of

Al-Arafah Islami Bank Ltd (AIBL),

Bangladesh

Based on the study on !"! Financial statement and #usiness $olice

I%BAT

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The Overall Financial activities of

Al-Arafah Iislami Bank Ltd (AIBL),Bangladesh

SUBMITTED TO&

' '%*TAFI+% A'A.

Faculty of (/BA)

B%* !"

SUBMITTAD BY:

GROPE NAME: ONIKER PRANTOR

.A'0 I 1O2A' 0'AIL /LA**

OLLA*A%++A'A

.

IO3

"!!!4" BBA

AIBA+A'A. "!!!45 BBA

'O*I%

A'A.

"!!!64 BBA

FAT0'A

A7T0 *I'A

"!!!65 BBA

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Letter of Transmittal

nd A$ril, !""

'd'ustafi8ur ahman

Faculty of (/BA)

*chool of Business *tudies

International %niversity Of Business Agriculture and Technology

ear *ir,

ere is the re$ort on titled the overall foreign e9change activities of Al-Arafah Islami Bank Ltd

(AIBL), Bangladesh-a com$rehensive study 1re$ared for you as a final re$ort of the semester

It took one month to $re$are the re$ort and :e have tried to gather as much information as

$ossi#le :ithin this limited time Although the sti$ulated time is not enough to have in de$th

kno:ledge a#out the real cor$orate :orld, this re$ort give mi much insight in Islamic #anking

$racticed #y the conventional #anks like (AIBL)

I :ould like to thank you for giving us the o$$ortunity to $re$are this re$ort under your sincere

guidance and coo$eration

Thank you,

*incerely yours,

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Acno!le"#ement

A lot of concentration, effort, res$onsi#ility and study have #een involved in $re$aring this $a$er

into realty In $re$aring a re$ort one need a num#er of assistance and guidance from relia#le

sources This re$ort also stands on the #asis of such efforts I have $leasure to e9$ress my

gratitude to my gro$e mem#ers In $re$aring the re$ort, I received active co-o$eration from the

;1 res$onsi#le as a manager, "st A;1 es$onsi#le as a second officer, Officer of Al-Arafah

Islami Bank (AIBL)I sincerely e9$ress my heart- felt gratitude to them for their co-o$eration,

:hich hel$ed me to conduct and com$lete this re$ort They have $rovided us some im$ortant

#ooks on #anking and some #ooks on marketing and finance sharing, consent and given some

advice of making a research re$ort o:ever this re$ort suffers from many shortcomings

'oreover, I have e9erted my #est effort in $re$aring this re$ort


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TABL0 OF /O.T0.T* 1age

Title Fly============================i

Title 1age===========================ii

Letter of transmittal=======================iii

Ackno:ledgement========================iv

09ecutive *ummary=======================v

()( INTRODU*TION+++++++++++++++++++++))(" Origin of the re$ort======================="> O#?ective of the study===================="@ *co$e of the study======================"5 'ethodology========================,)( -istor' of Al.Arafa/ Islami Ban Limite"++++++++++++

Aims and O#?ective======================> 'ission and ;ision of AIBL==================@ /ommitments========================>" MANAGEMENT O0 AIBL+> 1lanning===========================

>> Organi8ing==========================>@ *taffing===========================>5 irecting===========================>6 /ontrolling==========================> istri#ution of Branch=====================>4 The Financial $osition of AIBL==================> AIBL 1roduct *ervice ======================

>"2enenral Banking=====================>" Foreign 09change===================> *ervices of the #ank====================>> 1roducts of AIBL=====================

1)2 Banin# s'stem in Ban#la"es/++++++++++++++++++++@" /or$orate Information====================))@ Financial Analysis of Al-Arafah Islami Bank =============@> 1erformance of AIBL=======================@@ 1rogressive Analysis of AIBL====================@@" /a$ital============================@@ e$osit============================@@> Investment===========================

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@@@ 2rameen C *mall 'edium 0nter$rise (*'0) *cheme=========@@5 International Trade========================@@6 Investment Income========================@5 ) 0conomic Im$act Analysis of AIBL&===================3)2 0%nctions of Al.Arafa/ Islami Ban Lt" +++++++++++++++++))

5" Foreign 09change of Al-Arafah Islami Bank Ltd ===============5 O$ening L/ in AIBL& ==========================5> Im$ort Business&==========================5@ 09$ort Business&==========================55 1rocedure of $re$aring LD/=======================56 Back to Back LD/&===========================5 Features of Back to Back LD/=======================54 Foreign ocuments Bills for /ollection (FB/)&===============4)2 Performance Anal'sis of AIBL++++++++++++++++++++++)

6" Al-Arafa Islami Bank Ltd& * O$$ortunities============================6"@ Threats===============================5)( ENDING PART P0 T-E REPORTE++++++++++++++++++++)

Findings and Analysis==========================4" ecommendations============================" /onclusion==============================="!! A$$endi9===============================

"!" Bi#liogra$hy===========================

INTRODU*TION:

,) Ori#in of t/e Re6ort:

This re$ort is a com$rehensive study $re$ared as a reEuirement for the com$letion of

the BBA 1rogram of I%BAT- International %niversity of Business Agriculture and

Technology) The $rimary goal of re$ort is to $rovide an o$$ortunity for translation of

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theoretical conce$tions in real life situation)

months com$rehensive study a#out the 1roducts and :orks of Al Arafah Islamic Bank

Limited in Bangladesh)

The com$rehensive study a#out the 1roducts and :orks of Al Arafah Islamic Bank and

other Traditional Banks in Bangladesh $re$ared under the guidance of our faculty

mem#er Tanvir (e


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To suggest remedial measurement for the im$rovement of the :hole $rocess of the

Al- Arafah Islami Bank Ltd

To formulate recommendations that could add value to the service of Al- Arafah Islami

Bank Ltd

3) Sco6e of t/e Re6ort3) Sco6e of t/e Re6ort

This re$ort hel$s me to understand the clear real-time e9$erience a#out the total management of

AIBL It hel$s me to understand, ho: the #ank manages its total $rocesses It also hel$s me to

understand ho: they deal :ith the customers as :ell as the foreign $olicy of their #ank like- the

$rocess of doing L/ and e9$ort C im$ort etc

4) Information Nee"s

In order to conduct this research $ro?ect and fulfill the research o#?ectives the follo:ing

information :ill #e reEuired&

Information a#out Al Arafah Islami Bank Limited

Information a#out the facility $rovided #y AIBL

Information a#out the ?o# characteristics

Information a#out com$ensation and #enefits $olicy

2eneral information a#out the em$loyees of AIBL

2eneral information a#out motivation conce$ts

Information a#out the different :ings of 1B C head office of AIBL

Information a#out the e9$ectation of the em$loyees of AIBL

To kno: the financial $erformance of the #ank

To kno: the :ork of general #anking system of the #ank

Met/o"olo#': A esearch may #e conducted either e9$loratory or conclusive Based u$on the

research to$ic and environment scenario I have decided to conduct e9$loratory research To

conduct the research I have collected t:o ty$es of data

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A) 1rimary ata and

B) *econdary ata

A sam$le survey :as conducted to collect $rimary data using t:o $re-designed survey

instruments from concerned grou$s follo:ing an a$$ro$riate sam$le design

9) So%rces of "ata

I have collected #oth $rimary and secondary data I collected *econdary data from $rior records

of AIBL

I have collected $rimary information #y intervie:ing em$loyees, managers via the $rocess

assigned #y AIBL, o#serving various organi8ational $rocedures, structures, directly

communicating :ith the customers

a) Primar' So%rce of Information


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> 2rou$ Instruction 'anual C Business Instruction 'anual

@ 1rior research re$ort

5 Any information regarding the Banking sector

,;) E$ternal So%rces

" ifferent #ooks and $eriodicals related to the #anking sector

Bangladesh Bank e$ort

> .e:s$a$ers

1revious re$orts and ?ournals relevant to the #anking industry

Other $u#lished documents of Bangladesh Bank

elevant AIBL $a$er and $u#lished documents)

Annual re$orts of !!6, !!)


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(() Limitation of t/e Re6ort

Time frame for the research is very limited

Large-scale research is not $ossi#le due to constraints and restrictions $osed #y the

organi8ation The research only covers the em$loyees of %ttara 'odel To:n Branch, haka

The survey :as limited to the em$loyees of 2eneral #anking and Foreign 09change

ivision

es$ondents :ere #usy as :ell as reluctant to go through the $rocess of

Euestionnaire

The res$ondents sometimes did not agreea#le in $roviding accurate statistics and

information. Historical Background of Al Arafah Islami Bank:


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#ank ho:ever, renders all ty$es of commercial #anking services under the regulation of the Bank

/om$anies Act "" It conducts its #usiness on the $rinci$les of musharaka, #ai-mura#aha, #ai-

mua??al and hire $urchase transactions A *hariah /ouncil of the #ank maintains constant

vigilance to ensure that the activities of the #ank are #eing conducted according to the $rece$ts

of Islam

) O78ecti&es of AIBL:

Al-Arafah Islami Bank Limited is Islamic Banking institutions that o$erates :ith the o#?ectives t

im$lement and materiali8e the economic and financial $rinci$les of Islamic in the #anking arena

The o#?ectives of AIBL are not only to earn $rofit, #ut also to do good and :elfare to the $eo$le

The main o#?ectives of AIBL are listed #elo:-

To conduct interest free #anking

To esta#lish $artici$atory #anking instead of #anking on de#tor creditor relationshi$

To invest through different modes $ermitted under Islamic *hariah

To acce$ts de$osits on $rofit loss sharing #asis

To esta#lish as :elfareoriented #anking system

To e9tend co-o$eration to the $oor, the hel$less and the lo: income grou$ for their

economic u$ liftmen To $lay a vital role in human develo$ment and em$loyment generation

To contri#ute to:ards #alances gro:th and develo$ment of the country through

investment o$erations $articularly in the less develo$ed areas To contri#ute in achieving the ultimate goal of Islamic economic *ystem

(2) *or6orate *%lt%re:

This #ank is one of the most disci$lined Banks :ith a distinctive cor$orate culture ere they

#elieve in shared meaning, shared understanding and shared sense making Their $eo$le can see

and understand events, activities, o#?ects and situation in a distinctive :ay They mould their

manners and etiEuette, character individually to suit the $ur$ose of the Bank and the needs of the

customers :ho are of $aramount im$ortance to us The $eo$le in the Bank see themselves as a

tight knit teamDfamily that #elieves in :orking together for gro:th The cor$orate culture they

#elong has not #een im$osedM it has rather #een achieved through their cor$orate conduct

>) Mission:

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Achieving the satisfaction of Almighty Allah #oth here C hereafter)

1roliferation of *hariah Based Banking 1ractices)

Huality financial services ado$ting the latest technology)

Fast and efficient customer services)

'aintaining high standard of #usiness ethics)

Balanced gro:th)

*teady C com$etitive return on shareholders eEuity)

Innovation #anking at a com$etitive $rice)

Attract and retain Euality human resources)

09tending com$etitive com$ensation $ackages to the em$loyees)

Firm commitment to the gro:th of national economy)

Involving more in 'icro C *'0 financing)

1) ?ision:

To #e a $ioneer in Islami Banking in Bangladesh and contri#ute significantly to the

gro:th of the national economy

To im$rove Banker- /ustomer relationshi$ through im$roving customer service

To develo$ ne: and innovate $roductDservice through integration of technology and

$olicy and $rinci$le

3) *ommitments:

Ours is a customers focused modern Islamic Banking making sound and steady

gro:th in #oth mo#ili8ing de$osit and making Euality Investment to kee$ our

$osition as a leading Islamic #ank in Bangladesh)

To deliver financial services :ith the touch of our heart to retail, small and

medium scale enter$rises, as :ell as cor$oration clients through our #ranches

across the country)

Our #usiness initiatives are designed to match the changing trade C industrial

needs of the clients)

") MANAGEMENT O0 AIBL:

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For any financial and non-financial organi8ation, 'anagement are the most valua#le and

im$ortant resources of any kind of organi8ation And, a :ell-organi8e management $rovides the

organi8ation to reach its ultimate goal 'anagement means $lanning, organi8ing, staffing,

directing and controlling of all financial and non-financial resources of an organi8ation ifferent

as$ects of management $ractice in AIBL are discussed #elo:

Plannin#

AIBL has done its $lanning :ithin the $revie: of the cor$orate $lan The overall $lanning

a$$roach in AIBL is to$ to #ottom 0ach #ranch can $lan according to the goal im$osed #y the

cor$orate level It doesnt $lan inde$endently And, AIBL has a $lanning sector This de$artment

is mainly res$onsi#le for the overall $lanning

Or#ani@in#AIB is organi8ed as $er the e9isting #usiness locations It has fifty #ranches, each of :hich is a

se$arate entity 0ach unit is res$onsi#le for its o:n $erformance and each is headed at least #y a

*enior Assistant ;ice 1resident (*A;1) in designation follo:ed #y 'anager (O$erations) e is

directly res$onsi#le for the $erformance of their unit


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AIBL does not #elieve in the traditional #anking It tries to increase and maintain its market

share in the $rivate #anking sector through t:o ty$es of control techniEues&

• Feed For:ard /ontrol

• Feed#ack /ontrol

Feed#ack control techniEue monitor out$uts of a $rocess and feed into the system to o#tain

desired out$uts On the other hand feed for:ard control techniEue monitor in$uts into a $rocess

to ascertain :eather these are as $lanned or not If they are not, the in$uts are changed in order to

get the desired result

20. Distri7%tion of Branc/es:

AIBL started its :orking at "6"M 'oti?heel /DA :ith a Branch named 'oti?heel Branch on th

*e$tem#er, "5 :as the first C main Branch of AIBL and has #een o$erating throughout the

country The ead Office of the Bank :as situated at the same holding of 'oti?heel Branch since

its esta#lishment #ut from "" anuary, !! it has started its :orking at its o:n $remises >6,

ilkusha (6th, th, 4th C th floor), haka-"!!! The age of the Bank is only "" years and during

this short $eriod of time, the Bank has esta#lished total @6 Branches over the country and made a

smooth net:ork inside the country The num#er of Branches as ivision :ise is mentioned in the

follo:ing ta#le&

Di&ision No) of Branc/es

haka ivision @

/hittagong ivision ""

a?shahi ivision @

7hulna ivision @

*ylhet ivision 6

Barisal ivision "

Total 32

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,() AIBLs Pro"%cts an" Ser&ices:

Al-Arafah Islami Bank Limited is $roviding many $roduct and services to satisfy their customers For

that reason, AIBL has made significant $rogress in all areas of its o$erations :ithin a short $eriod of time,

such as de$osit mo#ili8ation, credit management, remittance handling and foreign e9change and trade

AIBL offers variety of $roducts and services to the customers :hich are $icked u$ #elo:&

a) General Banin#:

/urrent Account

*aving AD/

*T (*hort Term e$osit) AD/

Fi9ed e$osit Account

" 'onths Fi9ed e$osit

> 'onths Fi9ed e$osit

6 'onths Fi9ed e$osit " 'onths Fi9ed e$osit

Foreign /urrency AD/

7) 0orei#n E$c/an#e:

Letter of /redit Issue

Letter of /redit Advise

Foreign ocumentary Bill 1urchase (FB1)

Foreign ocumentary Bill /ollection (FB/)

Bill of .egotiation

Foreign emittance

c) Ser&ices of t/e Ban:

AT' /ard *ervice

Online Banking

Lookers *ervice

") Pro"%cts of AIBL:

/ash management


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Balance inEuiry

Funds transfer

o:nloading transaction information

Loan a$$lications

Investment activity

Other value-added services

(,) T/e Banin# S'stem in Ban#la"es/

The financial system of Bangladesh consists of Bangladesh Bank (BB) as the central #ank, @

nationali8ed commercial #anks (./B), 5 government o:ned s$eciali8ed #anks, >! domestic

$rivate #anks, "" foreign #anks (including Islamic Bank) and 4 non-#ank financial institutions

including " /entral #ank The financial system also em#races insurance com$anies, stock

e9changes and co-o$erative #anks The financial sector of Bangladesh is dominated #y the

commercial #ank A num#er of national, $rivate, foreign, s$eciali8ed commercial #ank and non-

#anking financial institutions having a net:ork of corres$ondents and #ranches are o$erating all

over the country and a#road to center to the $eo$le and #usiness of the country After the reform

$rogram, the financial institutions are more systematic and #orro:ing and lending through

formal markets is increasing A$art from normal commercial #anking, #anks are no: $roviding

consumer credit scheme, and financing in industrial credit and develo$ment $ro?ect 0lectronic

commerce gives the #anking industry a real com$etitive edge The #anking industry of our

country has started its ?ourney soon after the li#eration :ar in "" The early !s, immediately

after li#eration, #anking industry started its ?ourney :ithout any $artici$ation of the $rivate

sector in a very restrictive financial system In early 4!s fe: $rivet commercial #anks :ere

allo:ed to start functioning ue to lack of e9$erience and a#sence of su$ervisory as :ell as

controlling environment, "st generation $rivate #anks faced various $ro#lems in the ne9t fe:

years uring the late 4!s and early !s, :ith the $assage of Financial *ector eform $rogram,

Banking egulation *tructure suggested #y BI* and follo:ed #y develo$ed countries #egan to

start incor$oration into the #anking regulations of Bangladesh The follo:ing ta#le sho:s a fe:

sna$ shots that indicates a #rief history of the #anking industry of Bangladesh

,) *or6orate Information:

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.ame of the Bank Al Arafah Islami Bank Limited

/hairman Badiur ahman

;ice /hairman Alha?? 'ir Ahmad *o:dagar

'anaging irector ' A *amad *heikh

/om$any *ecretary 'd 'offa88al ossain

Legal *tatus 1rivate Limited /om$any

1rinci$al Activity /ommercial Banking

egistered Office 1eo$les Insurance Building >6, ilkusha /DA, haka-"!!!

(ate of egistration "4 une "5

"st Branch o$ening 'oti?heel #ranch, (haka

O$ening ceremony *e$tem#er "5)

Authori8ed /a$ital 5!!)!! million)

1aid u$ ca$ital ">4>)4" million

Local 1artnershi$ of /a$ital "!!J

0Euity !5)@ million

.um#er of Branches 5!

(e$osit 6!)"> million

Investment >)> million

.um#er of man$o:er "!4!

Number of shareholders 12013.

1hone 56445, 564", 56>5>, 564!!

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Fa9 44!--56>5"

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e$osit ""6@>66 "65>@ >!!"> 6!"

Investment ""@@@" "@>" !6> >

Im$ort "6>"6! "44"@ !@ >645">

09$ort @>! "@ ""@" !"66@

Total Income "@564 "@4 556" @>46

Total 09$enditure !@@4 "!" "@> 45"6

1rofit #efore Ta9 5@4! 455@ 56"4 "54!

1rofit after Ta9 6! @!! >@>" 664@

Income Ta9 "5"! >45@5 >55> 5!66

Total Assets "5>>64 ">64" >!"4> >"54@@

Fi9ed Assets !4!! "5"" >>@@4 >66

0arning $er share (Taka) >44! 55!@ >!" @4

1rofit 0arning atio @4

ividend $er share 6!!J >5J !J >!J

.o of *hareholders 5@! @@4 "!"> "!66@

.um#er of 0m$loyees " " "!>> "!4!

.um#er of Branches @" @6 @6 5!

'an$o:er $er Branch " ! >

a) Performance of AIBL at a #lance:

The overall $erformances of AIBL are $icked u$ as follo:s through gra$hical re$resentation

In Million Taa;

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2004 2005 2006 2007 2008

957.26 1220.16 1690.18 2037.5

2705.74

10108.311643.7

16775.3

23009.1

29690.12

8150.16

11474.4

17423.2

22906.4

29723.79

348.89 548.2 969.77 756.18 1528.1

*hareholders 0Euity e$osite Investment 1rofit #efore Ta9 C 1rovision

0i#: Performance of AIBL

,) Pro#ressi&e Anal'sis of AIBL:

At the end of current year, the num#er of de$ositors stood at @>,> and the amount of de$osit

has accumulated to Tk "65>> million The total num#ers of investors are ">"> and total

investment e9tended to them :as a sum of Tk "@>" million

The #ank has earned Tk "@4 million and incurred an e9$ense of Tk "!" million in the

current year At the end of the year the $rofit #efore ta9 has stood Tk 455@ million :hich is

4J more than Tk @4!! million $re-ta9 income of the last year

a) *a6ital

The Bank company act 1991 :hich $assed in 'arch, !!> includes a $rovision of raising the

ca$ital to a ne: level of Tk "!! core for the commercial #anks In com$liance :ith the ne:

$rovision, the #ank has raised its ca$ital from Tk @"54 core in the year !! to Tk 4556 core

in !!> #y issuing a right share against each of e9isting shares in the year !!> and declared

"6J #onus dividend from the $rofit of the year !!> The #ank again declared "5!J #onus

dividend from the $rofit !!@as a result, the $aid u$ ca$ital of the #ent stood at taka 6

million as at >"st ecem#er, !!5

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Bank declared 6!!J #onus dividend for the year !!5 As a result the $aid u$ ca$ital of the

#ank stood at taka 45@ million as at >"st ecem#er, !!6

7) Reser&e" 0%n"

The total #alance of the reserve fund stood at Tk 4>5@ million in the current year against Tk

5@ million com$ared to $revious year !!5 In this fund, the #ank e9$erienced a gro:th rate

of 5@"4Js

c) *a6ital A"e%ac'

The Bangladesh Bank has fi9ed the ratio of ca$ital adeEuacy against isk-!@ cores At >" ecem#er !!6, the ca$ital

adeEuacy ratio of the #ank is "!"J against ""J at the same $eriod of !!@

2004 2005 2006 2007 2008

12874.61 15336.8921368.16

30182.32

39158.44

Fig& Total Assets (In 'illion Taka)

") De6osit

The total de$osit of the #ank :as Tk "65>> at >"st ecem#er, !!6, of :hich #ank de$osit

:as Tk 6"" million and general de$osit :as Tk 4@>@! core At the same time in the last

year, the amount of total de$osits :as Tk "6"6>6" million taka At the same time in the last

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Deposit Mix

2004 2005 2006 2007 2008

7012.128013.25

10022.3311643.66

16775.33

1 2 3 4 5

Year

Amount

(Million

a!a)

Year

Mode wise Investment:

28"

16"3"1"

0"

0"0"

49"

#ai$Mura%&a

'ire$ur&ase*n+er

,&ir!atul Mel!

#ai$Mua--al

uar+

#ai$,alam

Mu+ara%a

Mus&ara!a

otal

year, the amount of total de$osit :as ""6@>66 million taka in this area the gro:th rate is

@@!J

Fig& e$osit 'i9

e) In&estment

At the end of year !!6, the amount of investment of the #ank :as Tk >4 core in

com$arison to Tk "@>" million in com$arison to tk""@@@" million of the last year

!!5The amount of investment has increased 5@44 million taka :ithin this $eriod, :hich is

around 5"4@J

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Sector wise Investment

25"

16"

4"2"3"1"

51"

/n+ustrial

ommerial

eal state

ransport

Ariulture

t&ers otal

Fig& 'ode


25/45

Investment Mix

2004 2005 2006 2007 2008

6030.25 7045.8 7500.25

11474.41

17423.19

1 2 3 4 5

Year

Amount

in

(Million

Year

a!a)

Fig& Investment 'i9

#) International Tra"e

At the year of !!6, the #ank e9$erienced satisfactory gro:th in the foreign trade At the end of

!!5, the total amount of foreign trade Export, Import and Remittance; :as Tk "4!!"!

millionM :hich has increased at 6!"4J to reach Tk 4465!! million in !!6 The total e9$ort

of the #ank :as Tk@>! million in !!5, :hich has increased at 45>@J gro:th rate to reach

Tk "@! million in !!6, :hereas the national gro:th :as 45>@J during the same $eriod

*imilarly the amount of im$ort has increased from Tk "6>"6! million of !!5 to Tk "44"@!

million in !!6, e9$eriencing a gro:th rate of @4!J Last year the amount of remittance

through the #ank :as Tk @556! million, :hich gro:s to Tk !!! million in the current year

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2004 2005 2006 2007 2008

9337.49

12631.6

18821.4

27042.7

32685.1

3639.344932.9

9142.7

12714.9

20176.6

Total Import Total Export

Fig& Total Im$ort C 09$ort (In 'illion Taka)

/) In&estment Income

The total investment of the #ank :as Tk"@>! million at >" st ecem#er of !!6 The total

income generated from this investment is Tk "!"@! million>> :hich is 4!>J of the total

income At the corres$onding $eriod of !!, this income :as Tk 4> of the total income

m) Ris Mana#ement of AIBL

The risk of Al-Arafah Islami Bank limited is defined as the $ossi#ility of losses, financial or

other:ise The risk management of the Bank covers 5 (five) /ore risk Areas of #anking ie

/redit risk management, foreign e9change risk management, Assets Lia#ility 'anagement,

$revention of money laundering and esta#lishment of Internal /ontrol and /om$liance The

$rime o#?ective of the risk management is that the Bank takes :ell calculative #usiness risks

:hile safeguarding the BankGs ca$ital, its financial resources and $rofita#ility from various risks

In this conte9t, the Bank takes ste$s to im$lement the guidelines of Bangladesh Bank

The failure may result from un:illingness of the counter $arty of decline in hisDher financial

condition Therefore, BankGs credit risk management activities have #een designed to address all

these issues

26


27/45

>) Economic Im6act Anal'sis of AIBL:

0conomic im$act can #e defined as any increase or decrease in $roductive $otential of an

economy By analy8ing the economic im$act :e can understand ho: a #ank adds value to the

society 0conomic im$acts can #e #roadly categori8ed as&

i) irect Im$act

ii) Indirect Im$act

a) Direct Im6act

irect im$acts are the immediate economic effects resulting from the #anks financial

transactions Banks direct contri#ution to the economy resulted in the creation of em$loyment

o$$ortunities, $ayment of ta9 to the government and ma9imi8ation of shareholders :ealth

7) In"irect Im6act

Indirect im$acts are the s$ill over economic effects that occur through Banks normal course of

o$erations Banks generate indirect im$act #y addressing the deficiency of ca$ital in the

economy #y mo#ili8ing de$osit and channeling the same to $ros$ective investors

Through catering financial services, the Bank hel$ed distri#ute the :ealth among all the

stakeholders for e9am$le shareholders received dividend, de$ositors and investors got $rofit,

em$loyees received com$ensation and other #enefits, the under $rivileged rea$ed #enefits out of

/* :hile the government government earned ta9 revenue

At the end of !!4, the Bank mo#ili8ed total de$osits of BT ,> million as investment to

different sectors of the economy A$art from these, the Bank $erformed significant im$ort and

e9$ort #usiness

D) 0%nctions of Al-Arafah Islami Bank Ltd

0%nctions of AIBL:

Islamic #anks render almost similar services to their customers conventional #anks do)

Like a conventional #ank, AIBL also acce$ts de$osits from customers and advances

loans) AIBL also acts as a custodian of its customers and $erforms all foreign

transactions on #ehalf of them) AIBL $erform mainly three different ty$es of functions)

27


28/45

() General Banin# Acti&ities of AIBL:

2eneral Banking activities of AIBL are $erformed through the follo:ing areas&

E) 0orei#n E$c/an#e of Al.Arafa/ Islami Ban Lt")

0orei#n E$c/an#e De6artment of AIBL:

28

General Banking

ustomer

!elation

"esk#$

" Buildu$ relation:ith clients

Accounto$ening(o$erating;

/urrent AQ/

*aving AQ/

'*T

''**

'

'0> Account

/losing

@Issue cheEue #ook

51osting ofo$ening Cclosingaccounts

61ro$ermaintainingof 73/

form C

"is%atch

" 1rovidesdocumentssending :ithdate Cnum#er

eceivedocumentsfrom courier

> *endsdocuments

throughcourier

ash

" eceiving C $ayment ofcash

*ignatureverifying

> Accountschecking offundssufficiencyfor any

$ayment@ 'aintainingsharetransactions

5 1rovidingincome ta9certificate

6. *olvencycertificate.

learing

" /heEue receivesfor collection

/heEue, 1O,, TT receivefor transfer

> .ikashmaintaining, $rinting C co$yand validation $rint

@ LB/ issue C

receive5 OB/ issue C

receive6 IB/ADIBA

issue C receive 1re$aring salary

sheet4 Issue

e9$enditurevoucher

. ifferentstatementpreparation

or 'ea+

ustomer

!elation

"esk#&

'(on#

o%erating)

" Buildu$ relation 1rofit giving

voucher issue of F

@ emittance& 1ay Order

TT

1.


29/45

Financial institutions es$ecially #anks $lay a very im$ortant role in foreign e9change transaction

of a country 'ainly transactions :ith overseas counties of im$orts, e9$orts and foreign

remittance are the main function of the Foreign 09change de$artment

Foreign e9change refers to the $rocess or mechanism #y :hich the currency of one country is

converted into the currency of another country Foreign e9change is the means and methods #y

:hich rights to :ealth in a countryGs currency are converted into rights to :ealth in another

countryGs currency Foreign 09change e$artment $lays significant roles through $roviding

different services for the customers O$ening or issuing letters of credit is one or the im$ortant

services $rovided #y the #anks

() O6enin# L* in AIBL:

There are several factors for :hat customers come to this #ank to o$en L/ The $rocedures,

techniEues, facilities, services and other factions for o$ening L/ are stated details as follo:s&

a) Letter of *re"it:

A letter of credit is a letter issued #y a #ank (kno:n as the o$ening or the issuing #ank) at the

instance of its customer (kno:n as the o$ener) addressed to a $erson (#eneficiary) undertaking

that the #ills dra:n #y the #eneficiary :ill #e duly honored #y it (o$ening #ank) $rovided certain

conditions mentioned in the letter have #een com$lied :ith

7) Parties of t/e LC*

Im$orter


30/45

.egotiating Bank It is the #ank, :hich negotiates the #ill and $ays the amount

of the #eneficiary The advising #ank and the negotiating

#ank may or may not #e the same *ometimes it can also #e

confirming #ank

Acce$ting Bank It i s the #ank on :hich the #ill :ill #e dra:n (as $er

condition of the credit) %sually it is the issuing #ank

eim#ursing Bank It is the #ank, :hich :ould reim#urse the negotiating #ank

after getting $ayment instructions from issuing #ank

c. Issuing Bank

The Issuing Bank or the O$ening Bank is one :hich issues the credit ie undertakes,

inde$endent of the undertaking of the a$$licant& to make $ayment $rovided the terms and

conditions of the credit $rovides for sight $ayment, or at :ith The $ayment may #e at sight if the

credit $rovides for sight $ayment or at maturity dates if the credit $rovides for deferred $ayment

0s$ecially the issuing #ank should satisfy himself on the credit :orthiness of the a$$licant The

credit a$$lication must #e in accordance :ith the %niform /ustoms and $ractices for

ocumentary /redit (%/1/) L/ $u#lication no 5!! edition of ">

") A"&isin# Ban

The Advising Bank advises the credit to the #eneficiary authenticating the genuineness of the

credit The advising #ank is generally situated in the countryD$lace of the #eneficiary

e) *onfirmin# Ban

A confirming Bank is one :hich adds its guarantee to the credit o$ened #y another #ank, there#y,

undertaking the res$onsi#ility of $ayment D negotiation D acce$tance under the credit in addition

to that of the issuing #ank A confirming #ank normally docs so if reEuested #y the issuing #ank


31/45

A .egotiating Bank is the hank nominated or authori8ed #y the issuing #ank to $ay, to incur a

deferred $ayment lia#ility, to acce$t drafts or to negotiate the credit

#) Reim7%rsin# Ban

A eim#ursing Bank is the #ank authori8ed to honor the reim#ursement claims in settlement of

negotiation D acce$tance D $ayment lodged :ith it #y the negotiating #ank or acce$ting #ank It is

normally the #ank :ith :hich the issuing #ank has account from :hich $ayment is to #e made

eim#ursement claims in foreign e9change #usiness settled #y the %niform ules for

eim#ursement (%)I// $u#lication no 55

,) Im6ort B%siness:

Im$ort trade in Bangladesh is controlled under the Im$ort and 09$ort control Act "5!

Authori8ed ealer Banks :ill im$ort the goods into Bangladesh follo:ing the im$ort $olicy,

$u#lic notice, F0 circular and other instructions from com$etent authorities from time to time

Im$ort $ayments during !!-!4 amounted to %*R "6!! million (>!J of 21) com$ared to

%*R ""5 million (5"!J of 21) in !!6-! sho:ing an increase of 6!J in !!-!4

com$ared to "6>!J increase in !!6-! The significant increase in the overall volume of

im$orts stemmed from im$orts of ca$ital goods, consumer C intermediate goods, and im$orts #y

01+s

T/e Year ise Im6ort as 0ollo!s:

Year ,22, ,22> ,221 ,223 ,224 ,225

Im$ort

Business

555 5"65" 64 >>@ "6>"6! "44"@!

31


32/45

Fig& "" 1erformance of Im$ort Business

a) Process to O6en a LC*

If a $arty comes to o$en a L/ at this #ranch then the follo:ing reEuirement is reEuired-

a /urrent AD/

# egistration /ertificate DI/

c TI. D;AT certificate

d Insurance /over .ote

e Indeed D Invoice

f L/A(Letter of /redit Authori8ation) agreement form

g Foreign 09change egulation Act, "@ form (I'1)

Other $ayment of the $arty-

a Insurance cover note :ith $ayment order commission and vat

# 'argin (J of L/ value)

Then the #ank o$ens the L/ and sent to the #eneficiarys #ank In case of foreign L/, the

documents are sent through s:ift

Then the e9$orter or #eneficiary sent the goods and #eneficiary #ank sent document :hich

refers that the $arty has sent the goods

And this issuing #ank has to $ay to the #eneficiarys #ank For this the #ranch sent the

$ayment amount to the OI (ead Office International ivision) and the OI $ays this

amount through .O*TO AD/ of the #ank

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33/45

The du$licate co$y of the L/ needs to release the goods from the customs And the #ank

su$$lies this document to the $arty to release their goods from the custom

The #ank has to inform a#out the L/ and goods to the Bangladesh Bank in Foreign 09change

egulation Act, "@ form (I'1) And then the L/ is closed

*)6rose"iors Pre6are a LC*

To $re$are a LD/ the #ranch takes care on the follo:ing $oints&

LD/ .um#er 1lace and date of issue

ate and $lace of e9$iry *hi$ment date

1resentation $eriod A$$licant

Beneficiary Advising Bank

Amount Availa#ility

Tenure of the draft ocuments reEuired

1ayment %/1

Bill of lading Bill of 09change

1re-shi$ment Ins$ection ata content

*$ecial conditions Authenticity of the credit

1art-shi$ment and Trans shi$ment 1ort of shi$ment and $ort of destination

>) E$6ort B%siness:

The goods and services sold #y Bangladesh to foreign households, #usinessmen and 2overnment

are called e9$ort The e9$ort trade of the country is regulated #y the Im$orts and 09$orts

(control) Act, "5! There are a num#er of formalities, :hich an e9$orter has to fulfill #efore and

after shi$ment of goods The e9$orts from Bangladesh are su#?ect to e9$ort trade control

e9ercised #y the 'inistry Of /ommerce through /hief /ontroller of Im$orts and 09$orts (//I

C 0) .o e9$orter is allo:ed to e9$ort any commodity $ermissi#le for e9$ort from Bangladesh

unless he is registered :ith //I C 0 and holds valid 09$ort egistration /ertificate (0/) The

0/ is reEuired to #e rene:ed every year The 0/ num#er is to #e incor$orated on 0K1 forms

and other documents connected :ith e9$orts

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T/e Year ise E$6ort as 0ollo!s:

Fig& " 1erformance of 09$ort Business

a) Bac to Bac LC*:

A #ack to #ack mechanism involves t:o se$arate LD/ One is master e9$ort LD/ and another is

#ack to #ack LD/ On the strength of 'aster LD/, Bank issues Back to Back LD/ Back to Back

LD/ is commonly kno:n as Buying LD/ On the contrary, 'aster 09$ort LD/ is kno:n as

*elling

It is sim$ly issued to the clients against an im$ort LD/ Back-to-Back mechanism involves t:o

se$arate LD/ One is master 09$ort LD/ and another is Back-to-Back LD/ On the strength of 'aster 09$ort LD/ #ank issues #ank to Back LD/ Back-to-Back LD/ is commonly kno:n as

Buying LD/ On the contrary, 'aster 09$ort LD/ is kno:n as *elling LD/

0eat%res of Bac to Bac LC*:

An Im$ort LD/ to $rocure goods Dra: materials for further $rocessing

34

Year ,22, ,22> ,221 ,223 ,224 ,225

09$ort Business 5@6> "4@ >!55 3639.34 @>! "@!


35/45

It is o$ened #ased on 09$ort LD/

It is a kind of 09$ort Finance

09$ort LD/ is at *ight #ut #ack to Back LD/ is at insurance

.o margin is reEuired to o$en Back to #ack LD/

A$$lication is registered :ith //IC0

A$$licant has #onded :arehouse license

LD/ value shall not e9ceed the admissi#le $ercentage of net FOB value of relative 'aster

LD/

Insurance $eriod :ill #e u$ to "4! days

The im$ort LD/ is o$ened for 5J of the value of 09$ort LD/

ere LD/ issued against the lien of e9$ort LD/

Arrangements are such that e9$ort LD/ matures first then out of this e9$ort $rofit, im$ort

LD/ is $aid out

(; Doc%ments Re%ire" for O6enin# a Bac.to.7ac LC*:

In Al-Arafah Islami Bank Ltd 1rinci$al Branch, follo:ing $a$ersD documents are reEuired for

o$ening a #ack-to-#ack LD/-

" 'aster LD/

;alid Im$ort egistration /ertificate (I/) and 09$ort egistration /ertificate (0/)

> LD/ A$$lication and L/AF duly filled in and signed

@ 1erforma Invoice or Indent

5 Insurance /over .ote :ith money recei$t

6 I'1 Form duly signed

In addition to the a#ove documents, the follo:ings are also reEuired to e9$ort oriented garment

industries :hile reEuesting for o$ening a #ack-to-#ack LD/

" Te9tile 1ermission

;alid Bonded


36/45

If all the documents are in order then the #ank $urchase the documents *everal things

should #e checked at the time of $urchasing

o: much #ack-to-#ack and 1/ ($acking /redit) facility the client has taken

After taking all these charges, the rest amount is $aid to the client and a FB1 account is

o$ened

>; 0orei#n Doc%ments Bills for *ollection 0DB*;:

Al-Arafah Islami Bank Ltd for:ards the documents for collection due to the follo:ing reasons&

If the documents have discre$ancies

If the e9$orter is ne: client

The #anker is in dou#t

Foreign documentary #ills for collection signifies that the e9$orter :ill received $ayment only

:hen the issuing #ank gives $ayment The e9$orter su#mits du$licate 0K1 from and commercial

invoice su#seEuently

*. +oreign !emittance

Foreign remittance $lays a significant role in a #anking system though economy system of a

country Like other Al-Arafah Islami Bank Ltd also have a de$artment of foreign e9change

dealing 'ostly %* dollar, 0uro, British $ound and other remittances like Australian dollar,

/anadian dollar, 'alaysian ringgit and currencies of 'iddle 0ast have #een dealing here Other

Al-Arafah Islami Bank Ltd #uys and sells all regular kinds of foreign currencies though foreign

e9change de$artment is not availa#le in all the #ranches of Al-Arafah Islami Bank Ltd

a) O%t!ar" Remittance:

On 'arch @, "@ Bangladesh Taka :as declared converti#le for current international

transaction As a result remittance #ecomes more li#erali8ed Out:ard remittance include sale of Foreign /urrency #y TT, 'T, raft, T/ or in cash for $rivate, official and commercial $ur$ose

Tra&elers */e%e

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Travelers /heEue (T/) is an instrument for a s$ecific amount of :idely acce$ted foreign

currencies, issued in favor of TravelersD ;isitors to carry foreign e9change for meeting heir

e9$enses in a#road

TravelerGs cheEue may #e in different currencies, such as %* ollar, 1ound *tarling, a$anese

3en, *audi iyal, /anadian ollar, French Frank, 2erman 'arks, and *:iss Frank etc But

travelerGs cheEue is not issued in this #ranch

Iss%ance of O%t!ar" DD an" TT :

As may also issue , TT on their foreign corres$ondent favoring Bangladesh nationals or

foreign nationals as $er their entitlement But foreign TT and are not issued in this #ranch

7) In!ar" Remittance:

The term in:ard remittance includes not only $urchase of foreign currency #y TT, 'T, raft etc

#ut also $urchase of #ills, $urchase of T/ %tmost care should #e taken :hile $urchasing notes,

T/, and similar instrument for $rotecting the #ank from $ro#a#le loss as :ell as safety of the

#ank officials concerned But this ty$e of $urchase is not done in this #ranch

c) *ollection of 0orei#n *%rrenc' Instr%ment: 1rinci$al Branch collects foreign remittance

through the follo:ing instruments on #ehalf of their customer-

'oney 2ram

09$ress money

Instant cash

1lacid e9$ress

emit master

,) SOT ANALYSIS of AIBL

*


38/45

Ban re6%tation AIBL has already esta#lished a favora#le re$utation in the #anking industry of

the country :ith its significant #usiness gro:th


39/45


40/45

stage :hich needs to #e modified as soon as $ossi#le to com$ete in the market

c) OPPORTUNITIES

Go&ernment s%66ort

2overnment of Bangladesh has $rovided its full su$$ort to the #anking sector for a sound

financial status of the country, as it is #ecoming one of the vital sources of em$loyment in the

country no: *uch government concern :ill facilitate and su$$ort the long-term vision for Al-

Arafah Islami Bank

E&ol%tion of Online Banin#

0mergence of e-#anking :ill o$en more sco$e for Al-Arafah Islami Bank to reach the clients not

only in Bangladesh #ut also in the glo#al area It :ill also facilitate :ide area net:ork in #et:een the #uyer and the $roduction unit of Al-Arafah Islami Bank Ltd to smooth o$eration to

meet the desired need :ith least deviation

Di&ersification

AIBL can $ursue a diversification strategy in e9$anding its current line of #usiness The

management can consider o$tions of starting client service in its merchant #anking division

Pro"%ct line 6roliferation

In this com$etitive environment AIBL can e9$and its $roduct line to enhance its *ustaina#le

/om$etitive Advantage (*/A) As a $art of its $roduct line $roliferation, AIBL can concentrate

more on *'0 C Agro #ased industrial loan #ecause these t:o sectors have huge $otential

") T-REATS

M%ltinational Bans:

The emergence of the multinational #anks and their ra$id e9$ansion $oses a $otential threat to

the ne: 1/Bs ue to the #ooming energy sector, more foreign #anks are e9$ected to arrive in

Bangladesh 'oreover, the already e9isting foreign #anks such as *tandard /hartered are no:

$ursuing an aggressive #ranch e9$ansion strategy These #anks are esta#lishing more #ranches

country:ide and are e9$ected to get into for o$eration soon *ince the foreign #anks have

tremendous financial strength, it :ill $ose a threat to local #anks to a certain e9tent in terms of

40


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gra##ing the lucrative clients

U6comin# Bans:

The u$coming $rivate local #anks can also $ose a threat to the e9isting 1/B* It is e9$ected that

in the ne9t fe: years more local $rivate #anks may emerge If that ha$$ens the intensity of

com$etition :ill rise further and #anks :ill have to develo$ strategies to com$lete against an on

slaughter of foreign #anks

Mer#ers an" ac%isitions:

The :orld:ide trend of mergers and acEuisition in financial institutions is causing concentration

in $o:er in the industry and com$etitors are increasing in $o:er in their res$ective areas

*ontem6orar' Bans:

The contem$orary #anks of AIBL such as haka Bank, 1rime Bank, 0astern Bank and utch-

Bangla Bank are its ma?or rivals 1rime Bank and others are carrying out aggressive cam$aign to

attract lucrative cor$orate clients as :ell as #ig time de$ositors AIBL should remain :atchful

a#out the ste$s take #y these #anks as these :ill in turn affect AIBL strategies

Political Insta7ilit':

%nsta#le $olitical situations cause great distraction in the other:ise smooth flo: of #usiness

*udden artals and other $olitical $rograms sometimes $resent $ro#lems for the em$loyees (es$

female em$loyees) in commuting to and from the office 1olitical insta#ility also $romotes a

:eak la: and order system leading to an increase in crime rate in the society This might also #e

considered as a $otential e9ternal threat for a financial institution

G) En"in# Part of t/e Re6ort:

() 0in"in#s of t/e St%"':

*ome findings of Al-Arafah Islami Bank Limited, %ttara 'odel To:n Branch are given #elo:-

In Foreign 09change e$artment they follo: the traditional #anking system The entire

Foreign 09change $rocedures are not fully com$uteri8ed

*ervice $ersonnel are :orking under $ressure #ecause they have to deal :ith large num#er of

customer every day

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Technology that AIBL is using for their #anking system is not u$dated .o: there is some

international #ank in Bangladesh, they are very fast and very u$ dated

The Al-Arafah Islami #ank is too much centrali8ed For each and every :ork, #ranch office

has to get $ermission from the head office The head office tightly controls each and every

#ranch

Lack of information to get and sitting arrangement in the #ranch is a trou#le for the

customers

Advertising and $romotion are the :eak $oint of Al-Arafah Islami Bank Ltd AIBL does not

have any effective marketing activities Others #anks have #etters marketing strategy

Al-Arafah Islami Bank Ltd has less amount of foreign e9change #usiness com$are to other

Banks

Lack of com$etitiveness in $roduct and service innovation

,) Recommen"ations:

The fast $ace of gro:th in the Islamic financial sector and the emergence of conventional finance

com$anies offering Islamic $roducts and services has #rought critical attention to key issues

facing this sector *ome of the core issues identified after analy8ing this re$ort that Al-Arafah

Islami Bank Limited should give lots of attention in many sectors, :hich are given #elo:

Increased market trans$arency is needed to enhance credi#ility and increase consumer

confidence The a$$lication of relevant international accounting standards :ill enhance

trans$arency of Islamic financial institutions and the com$ara#ility of financial

statements At this stage, Islamic $roduct standards and accounting $ractices are not yet

acce$ted glo#ally

Increased education is needed to ensure that the *hariah standards are understood and

acce$ted across the industry #y regulators, international organi8ations, and the $rivate

sector

Foreign e9change de$artment should #e fully com$uteri8ed and reduce the $a$er #ased

:ork to make it more smooth and faster

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A ro#ust regulatory and su$ervisory frame:ork is necessary to maintain financial

sta#ility and gro:th of Islamic finance as a via#le, resilient, and sustaina#le sector The

uniEue characteristics of Islamic #anking o$erations and Islamic financial instruments

reEuire the develo$ment of a regulatory-su$ervisory frame:ork that adeEuately addresses

the reEuirements of this industry

The authority of AIBL should e9ert $ressure on 2overnment #odies to run $ro$er and

sufficient a$$lication of Islamic #anking la:s in Bangladesh

At the #eginning time of o$ening of Letter of /redit, every officer should check the

reEuired documents very carefully :hether there is any mistake or not

Inclusion of more su#?ects #ased on the Huran and *unnah in the Training courses of

the Islami Bank Training C esearch Academy in order to develo$ humanresources having morally

Arrangement of monthly DEuarterly training courses D:orksho$s for the clients should #e

selected #y the Branches in order to $romote Foreign 09change activities of the desired

level

To fulfill the vision of Smass #ankingS this Bank should $rovide more foreign e9change

and other sorts of facilities to ne: customersDne: entre$reneurs Dne: #usinessmenD ne:

com$anies etc

AIBL should give more em$hasi8e on their marketing effort and try to increase

their sales force

AIBL should try to attend different ty$e of target customers

AIBL should Introduce Islami e#it and /redit /ards as soon as $ossi#le

They should carryout more $romotional activities to make clients a:are a#out their

offers

It :as o#served that, AIBL is a#sent in T;, 1rint 'edia, Bill Boards, and

*$onsorshi$s etc The Bank should advertise a#out itself and its offers so that

it can attract more customers that :ill increase the #usiness volume of the #ank

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AIBL should give the highest attention on recovery of #ad things related to o$ening

L/ This concerns the :orst image of the Bank to the clients

AIBL should utili8e SInternshi$ 1rogramS as one kind of $romotion $olicy to encourage

its $resent and $otential customersDclients Because, young generations are the vital $ost of

our economy To do so this Bank should $rovides facilities to the internees through

$ro$er $lacement and $ractical o$erations as :ell as ?o# certainty to those :ho #ring

introduced themselves the #est $erformers in doing their $articulars

>) *oncl%sion:

The conce$t of Islami Banking is several decades old The third attem$t to esta#lish an Islamic

Financial Institution took $lace in 1akistan in the late "5!′s :ith the esta#lishment of a local

Islami Bank in a rural area (


45/45

management are also #eing enhanced Foreign irect Investment e$artment :ill #e fully

com$uteri8ed soon

-) A66en"i$ Part:

() Bi7lio#ra6/'

Ivancevich, ohn ', and *teven *kinner NBusiness for the "st /entury Boston& Ir:in,

!!>

7otler, 1hili$ N'arketing 'anagement th ed .e: elhi&

1rentice-all, "

7innear, Thomas /, and ames Taylor N'arketing esearch& An A$$lied A$$roach 5th ed

.e: elhi& 'c2ra: ill, !!>

Annual e$ort, Al-Arafah Islami Bank Limited, !!4 - 1u#lished #y AIBL

NA ournal of Islamic Banking 1u#lished #y AIBL

Report Overall Financial Activities

Documents

Transcript of Report Overall Financial Activities