Asif Fsibl

1.1 Introduction of the study

Now a days, education is not just limited to books and classrooms. In todays world, education is the tool to understand the real world and apply knowledge for the betterment of the society as well as business. From education the theoretical knowledge is obtained from courses of study, which is only the half way of the subject matter. Practical knowledge has no alternative. The perfect coordination between theory and practice is of paramount importance in the context of the modern business world in order to resolve the dichotomy between these two areas. Internship Program brings a student closer to the real life situation and thereby helps to launch a career with some prior experience.

Economy of a country and its banking system are alike Siamese Twin. By mobilizing the capital of an economy, banking system plays a significant role to ensure economic growth. Bangladeshi banking sector consists of central bank (named as Bangladesh Bank), Commercial banks, Development Banks and Specialized Financial Institutions. The Commercial banks comprise of Nationalized Commercial Bank (NCB), Local Private Bank, Foreign Private Bank, and Islamic Bank. In recent years, we observe a mushroom growth in the banking sector in Bangladesh. The very active and boisterous presence of private sector has stirred competition among the traditional commercial banks. Now, there are 52 private banks (41 domestic and 11 foreign) operating in Bangladesh.

First Security Islami Bank Limited is one of the leading private commercial bank having a spread network of 64 branches across Bangladesh and plans to open few more branches to cover the important commercial areas in Dhaka, Chittagong, Khulna and other areas in 2011. First Security Islami Bank has been operating in Bangladesh since 1999 and has achieved public confidence as a sound and stable bank.

1.2 Objective of the studyThe main objective of the study is the evaluation of the different types of customer services provided by the First Security Islami Bank Ltd. And also to fulfill the requirement of BBA program. The objective of the study may be viewed as:

General objective

Specific objective

General ObjectiveThe general objective of the study is to prepare and submit a report on the topic of General Banking Operation of First Security Islami Bank Limited, Dhanmondi Branch.

Specific ObjectiveTo know the General Banking which include are as follows: Company Background.

Companys major functions.

Types of Account.

Paper/Documents required for opening & closing of various types of Accounts.

Special cases in Account opening.

Cash receive and payment.

Procedures of PO, D.D.

To know the organizational framework of the bank

To know the work environment and organizational behaviors of the bank

To get through all the departments of the bank and observe the actual work done

To find out how the general banking system works

To understand the banking environment of Bangladesh.

To submit the practical work as a paper work that I have learned in my three months internship of BBA program.1.3 Methodology

For preparing this report the following methodology is adopted:

a. Collection of DataThis report is an exploratory and descriptive one in nature. Among primary and secondary source, most of the data has been collected from the secondary sources.

Primary sources of information: Face to face conversation with the bank officials.

Face to face conversation with the clients of the bank.

Secondary sources of information: Annual Report of First Security Islami Bank Limited.

Various publications of Bangladesh Bank.

Different books and newspaper articles written on financial statement of the banking sector.

Internet

b. Segregation of Data:

Collected data were segregated from the source material for the purpose of preparing this report.

c. Processing of Data:

Collected data were compiled and processed for the purpose of preparing this report.

d. Presentation of Data:

Collected data were compiled in chart and tables and presented in the body of the report.

1.4 Rationale of the StudyBank is the heart of the economics and banking is the blood circulation of countrys economic growth. Banks perform a significant role to serve the needs of the society in different sectors, such as: capital formation, large scale of production, industrialization, growth of trade and commerce etc. and banks are contributing a lot of aspect First Security Islami Bank of Bangladesh Ltd has already emerged as one of the world wide recognized banks due to better customer service according to the principles of Islamic Shariah. Islamic banking is a new diminution of interest free banking where Riba or interest is strictly prohibited.

So I have tried my best to represent my experience and learning about their performance and problems and prospects on the ground of general banking.

1.5 Limitations:

A serious time constraint was the main limitation restricting this report from being more detailed or analytical. It was also not possible to go to the different department of FSIBL to practically observe and find out more about the organizational policies of the company and their true use. Most of the data presented here were collected from the facts and figures provided by different departments and from company archives.

This report is an overall view of Organizational Structure, foreign exchange business procedure and its contribution to profitability of FSIBL and financial analysis. But there are some limitations for preparing this report. I tried my best to make this report as best as possible. So readers are requested to consider these limitations while reading and justifying any part of my study.

Some restraint at the time of preparing the report are appended below

The insufficiency of information is main constraint of the study. Moreover employees are not interested to provide all information due to security and other corporate obligation.

The employees and clients are busy to provide me time for interview.

Inexperience and time limitation were the constraints of the study.

Omission and error may be there due to my lack of experience in preparing a professional report like this one.

Organizational Overview

2.1 Historical background of First Security Bank Limited First Security Islami Bank Limited (FSIBL) was incorporated in Bangladesh on 29 August-1999 as a banking company under Companies Act 1994 to carry on banking business. It obtained permission from Bangladesh Bank on 22 September 1999 to commence its business. The Bank went for public issue on 20 July 2008 and its shares are listed with Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE).The Bank carries banking activities through its sixty seven (64) branches in the country. The Bank converted its banking operation into Islamic Banking based on Islamic Shariah from traditional banking operation on 01 January 2009 after obtaining approval from High Court, Finance Ministry and Bangladesh Bank. The commercial banking activities of the bank encompass a wide range of services including mobilizing deposits, providing investment facilities, discounting bills, conducting money transfer and foreign exchange transactions, and performing other related services such as safe keeping, collections and issuing guarantees, acceptances and letter of credit.

2.2 Nature of Business

The principal activities of the bank are providing all kinds of commercial Banking Services to its customers.

The other activities of the bank are providing of all kinds of Islamic banking services to its customers.

2.3 First security islami Bank Limited at a Glance

Legal Status. Public Limited Company

Establish 1999

Date of Incorporation 29 August1999

Date of Permission from Bangladesh Bank 22 September 1999

Islamic Banking 1st January, 2009

Listing with Dhaka Stock Exchange 20 July 2008

Listing with Chittagong Stock Exchange 20 July 2008

Date of Opening of First Branch 25 October 1999

Authorized Capital Tk.4,600 Million

Profit TK 4967563969 million

Total Asset TK 41793540.962 million

Shares TK 2233254288 million

Date of consent of IPO 04 June 2008

Paid up Capital Tk.2

Reserve Fund TK 569.98 Million

Number of Employees 1630 Persons

No. of Branches 67

1.1 Figure: First security islami bank limited at a glance.2.4 Hierarchy Structure of First Security Islami Bank Limited

2.5 Corporate Vision

To be the unique modern Islami Bank in Bangladesh and to make significant contribution to the national economy and enhance customers trust and wealth, quality investment, employees value and rapid growth in shareholders equity.

2.6 Corporate Mission To be the most caring and customer friendly and service oriented bank.

To create a technology based most efficient banking environment for its customers.

To ensure ethics and transparency in all levels.

To ensure sustainable growth and establish full value of the honorable shareholders and

Above all, to add effective contribution to the national economy.

2.7 Corporate Strategies

To strive our customers best satisfaction & win their confidence.

To manage & operate the bank in the most effective manner.

To identify customers needs & monitor their perception towards meeting those requirements.

To review & updated policies, procedures & practices to enhance the ability to extend better customer services.

To train & develop all employees & provide them adequate resources so that the customers needs reasonably addressed.

To promote organizational efficiency by communicating company plans policies & procedures openly to the employees in a timely fashion.

To ensure a congenial working environment.

To diversify portfolio in both retail & wholesale markets.

2.8 Banking with shariah principles:

First Security Islami Bank Bangladesh Limited is a bank in Bangladesh that has converted all of its operations of conventional banking into shariah-based banking since 1st January, 2009. First Security Islami bank offer various banking services for Muslims and non-Muslims alike allowing our customers choice and flexibility in their savings and investments. The products are approved by Shariah Board comprising of veteran Muslim scholars of our country who are expert in all matters of Islamic finance.

2.9 Products of First Security Islami Bank Limited

Al-Wadiah Current Deposit

Mudarabah Savings Deposit

Mudarabah Short Term Deposit

Mudarabah Term Deposit

One Month

Three Months

Six Months

Twelve Months

Twenty Four Months

Thirty Six Months

Foreign Currency Deposit

Mudarabah Savings Scheme

Mudarabah Monthly Saving Scheme

Mudarabah Monthly Profit Scheme

More than double the deposit in 6 years Zakat

Hazz

Consumer Finance SchemeNew products from first week of July 2011

1. Mudarabah Student (School Banking) Saving Account ()2. Mudarabah Education Deposit Scheme () 3. Mudarabah Marriage Deposit Scheme () 4. Mudarabah Health Care Deposit Scheme ()5. Mudarabah Senior Citizen Saving Account () 6. Mudarabah Pension Deposit Scheme () 7. Mudarabah Salary Account () 8. Al-Wadeeah Current Plus Account () 9. Al-Wadeeah Premium Account ()

Investment / Deployment of Funds: Bai-Murabaha (Deferred Lump Sum/ Installment Sale)

Bai-Muajjal (Deferred Installment / Lump Sum Sale)

Ijara (Leasing)

Musharaka (Joint-Venture Profit-Sharing)

Mudaraba (Trustee Profit-Sharing)

Bai-Salam (Advance Sale and Purchase)

Hire-Purchase

Direct Investments

Post Import Investment

Purchase and Negotiation of Export Bills

Inland Bills Purchased

Murabaha Import Bills

Bai-Muajjal Import Bills

Pre Shipment Investment

Quard-ul-Hasan (Benevolent Investment)

Letter of Guarantee Tender Guarantee

Performance Guarantee

Guarantee for Sub-Contracts

Shipping guarantee

Advance Payment guarantee

Guarantee in lieu of Security Deposits

Guarantee for exemption of Customs Duties

Others Letter of Credit (L/C) / Back to Back Letter of Credit (L/C)

Specialized Schemes

Consumer Investment Scheme,

SME Investment Scheme,

Lease Investment Scheme,

Hire Purchase,

Earnest Money Investment Scheme,

Mortgage Investment,

Employees House Building Scheme,

ATM, VISA Investment Card, EEF, etc.

2.10 Branch Network

At present, the bank has 66 branches of which26 branches are in Dhaka Division, 25 branches are in Chittagong Division, 06 branches are in Sylhet Division, 03 branches are in Rajshahi Division, 04 branches are in Khulna Division and 02 branch is in Barishal Division.Head Office: 23, Dilkusha Commercial Area, Dhaka-1000, Bangladesh.

Dhaka Division

1DILKUSHA BRANCH

2MOHAKHALI BRANCH

3BANGSHAL BRANCH

4DHANMONDI BRANCH

5GULSHAN BRANCH

6MIRPUR BRANCH

7BANANI BRANCH

8SHAFIPUR BRANCH

9TOPKHANA ROAD BRANCH

10BISWA ROAD BRANCH

11DHONIA BRANCH

12COLLAGEGATE BRANCH

13SENANIBASH BRANCH

14MUKSUDPUR BRANCH

15MOTIJHEEL BRANCH

16RING ROAD BRANCH

17BANASHREE BRANCH

18AZAMPUR BRANCH

19MADHABDI

20ISLAMPUR:

21UTTARA

22SHREEPUR BRANCH

23Zirabo

24Savar

25MYMENSING

26FARIDPUR

Chittagong Division

1KHATUNGONJ BRANCH

2AGRABAD BRANCH

3JUBILEE ROAD BRANCH

4KERANIHAT BRANCH

5NAZU MEAH HAT BRANCH

6PROBORTAK MOR BRANCH

7BOHADDARHAT BRANCH

8DOVASHI BAZAR BRANCH

9ANDERKILLAH BRANCH

10COURT BAZAR BRANCH

11HAT HAZARI BRANCH

12COXS BAZAR BRANCH

13RAMGONJ BRANCH

14RANIR HAT

15PAHARTALI

16CHAKARIA BRANCH

17PATHER HAT BRANCH

18Lohagara Branch

19Comilla

20Eidgoan

21Patiya

22MOHRA

23NAZIR HAT

24FENI

25CHAWKBAZAR

Sylhet Division

1SYLHET BRANCH

2BISWANATH BRANCH

3MOULOVIBAZAR BRANCH

4AMBERKHANA BRANCH

5GOBINDAGONJ BRANCH

6TALTALA BRANCH

Rangpur Division

1RANGPUR BRANCH

Khulna Division

1KHULNA BRANCH

2JESSORE BRANCH

3SATKHIRA BRANCH

4NORAIL

Rajshahi Division

1RAJSHAHI BRANCH

2BOGRA BRANCH

3.1 Introduction

Bachelor of Business Administration (BBA) is a professional course. The course is designed with an excellent combination of practical and theoretical aspects. After completing BBA certain times is preserved for internship. As a student of BBA with the requirement of my course I was assigned First Security Islami Bank Ltd. (FSIB) to Dhanmondi Branch, Dhaka for my internship. The whole working process of Dhanmindi Branch, FSIB Ltd is divided into 3 sections. They are 1) General Banking, 2) investment and 3) Foreign Exchange.3.2 Total Employee

Departments/PositionDesignationNo. of Employees

ManagerEVP1

Branch in OperationSAVP1

Clearing DepartmentPrincipal Officer

Senior Officer1

2

Accounts DepartmentSenior Officer2

Investment DepartmentSenior Officer

Officer

ACO1

1

1

Foreign Exchange DepartmentPrincipal Officer

Officer1

1

Cash DepartmentPrincipal Officer

ACO

CCO1

1

1

Account Opening DepartmentSO1

Clerk4

Priest3

Guard1

TOTAL24

3.3 Orman gram of Dhanmondi Branch of FSIB

3.4 Function/Operation First Security Islami Bank LimitedThe whole working process of Dhanmondi Branch, First Security Islami Bank Ltd is divided into 3 sections. And the three functions are

1) General Banking,

2) Investment and

3) Foreign Exchange.

From the above function and operation the profit target and achievement are below

Profit target and achievement of First Security Islami Bank Limited.

The profit target of First Security Islami Bank Limited is an internal data. I have collected only one and half year target for profit and also the achievement by the First Security Islami Bank Limited. Dhanmondi Branch. And the data are below_

Profit

YearTargeted (Corer)

Achieved (Corer)

2009-20101115

2010-20112014.70 (Till 30, June, 2011)

Table: Target profit and Achievement

Figure-3: Target Profit & Achievement (Source bank documents).So here from the above table and figure it can be say that the target in 2009-2010 was Tk. 11 corer and the achieved Tk. 15 corer and from 2010 to 2011 targeted 20 (Twenty) corer, achieved Tk. 14.70 corer till 30 June, 2011 . And the data is here the profit target and achievement is in overall operation of First Security Islami Bank Limited.

Deposit

YearTargeted (Corer)Achieved (Corer)

2009-201045.5

2010-201175.90 (Till 30, June, 2011)

Table: Target Diposit and Achievement

Figure-4: Target Diposit & Achievement (Source bank documents).

So here from the above table and figure it can be say that the target in 2009-2010 was Tk. 4 corer and the achieved Tk. 5.5 corer and from 2010 to 2011 targeted 7 corer, achieved Tk. 5.9 corer till 30 June, 2011. And the data is here the profit target and achievement is in overall operation of First Security Islami Bank Limited.

4.1 General BankingAll business concerns earn a profit through selling either a product or service. A bank does not produce any tangible product to sell but does offer a variety of financial services to customers. General Banking is the starting point of all the banking operating. General Banking department aids in taking deposits and simultaneously provides some ancillaries services. It provides those customers who come frequently and those customers who come one time in banking for enjoying ancillary services. In some general banking activities, there is no relation between banker and customers who will take only one service form the bank. On the other hand, there are some customers with who bank are doing its business frequently. It is the department, which provides day-to-day services to the customers. Every day it receives deposits from the customers and meets their demand for cash by honoring cheques. It opens new accounts, demit funds, issue bank drafts and pay orders etc. since bank in confined to provide the service everyday general banking is also known as retail banking.

Constituents of General Banking

General Banking consists of the following sections in the branch. These are as follows1) Account opening

2) Account closing

3) Issuance of cheque book

4) Deposits

5) Clearing6) Remittance

4.2 Procedure for customer for opening accounts opening.It is said that, there is no banker customer relationship if there is no account of a person in that bank. By opening an account banker and customer create a contractual relationship. However, selection of customer for opening an account is very crucial for a Bank.Before opening of an account, the following formalities must be completed by the customer:

1. Application on the prescribed form

2. Introduction

The following persons can introduce an a/c opener

An existing current/savings account holder of that branch

A respectable person of the society or locality who is well known to the Manager / CS of the branch concerned

3. Furnishing photographs

4. Banker will supply a set of printed forms required for opening the account, which will normally include:

i) Specimen Signature Cards (SSC), if necessary

Deposit Slip

Check Book Requisition slip

5. Customer should carefully read and full-fill the application form

6. Putting specimen signatures in the specimen card

7. Any special instructions with regard to operation of the account should be noted on the relevant signature card boldly duly authenticated by the a/c holder should be obtained

8. The required Account Number was obtained from the Account Opening Register for opening new account when the bank used PC Bank 2000 Software. Now the Bashundhara branch uses T24 Software and to open a new account, the banker needs to collect Customer ID and Account Number from the Software.

9. Obtain the signature and a/c number of the Introducer on the advice of new accountant the place meant for the purpose and gets the signature properly verified by an Authorized official of the Bank

10. The Deposit slip properly filled in and signed by the customer

11. Then the new a/c number should be written at the appropriate place of the Deposit slip and mark new Account on both the copies of the deposit slip and request the customer to deposit the money at the cash counter

12. Place the signature cards, Advice of new account, a copy of Deposit slip, photographs and other necessary papers/documents etc. in a file

13. Obtain approval of the Authorized officer for opening the new account on all relevant papers. While giving approval for opening an account the Authorized official should be satisfied about the of the Introducer

14. The Authorized officer on the advice of new A/c and on the specimen signature cards should also attest the signature of the new a/c holder15. After approval of the opening of the a/c, get the Checkbook requisition slip signed by the customer.16. Deliver the checkbook to the customer after properly marking the Account number name and place of the branch on each leaf of the cheque book.

17. On completion of account opening open a file for the new a/c holder and file all relevant papers forms etc. Signature cards, copies of Advice, Deposit slip Debit ticket etc. is distributed to concerned departments

18. To fill up the (Know Your Customer) KYC form dully.4.2.1 General requirement for opening Al- Wadeea/ CD Account:There are few geneeal requirement for opening all type of account. Which are below_i) Account opening from to be fielld in and signed by the account holders.

ii) Introduction by an account holder with signature and account number or any person acceptable to the bank.

iii) Two copies of resent passport size photograph of each account holder attasted by introducer.

iv) One copy passport size photograph of nominee attested by the account holder.

4.2.2 Additional documents that required for opening accounts

One who to open an account, he has to fill up an account opening form. This form is a legal contract between the bank and prospective customer. The rules and regulations for opening of an account vary from customer to customer, if he wants to open different types of accounts. First of all various types of customers such as individual, joint, proprietorship, partnership, private limited company, public limited company, associations, club, societies, trusts etc. can open their various types of accounts according to their requirements which are mentioned below.

Individual and Joint Accounti) Copy of passport/ national id card/ driving licence/ office id/ word commissioner certificate, any id acceptable to the bank.ii) Attested photocopy of passport with visa for foreign Currency Account.

iii) Joint account declaration form for Joint account.iv) TIN Certificate.

Proprietorship Account i) The form of sole proprietorship declaration of EXIM Bank must be tilled up.

ii) TIN Certificate.

iii) Must be submitted a copy of trade license

Partnership Account

i) Copy of registred partnership deed.ii) Must be submitted a copy of partnership deed. iii) To open account and for other operation a application required which have to duly certified by the managing parten.

iv) Partnership letter duly signed by all partners.v) Copy trade license.

vi) Photocopy of company TIN. vii) List of partners with full address and phone number.Private and Public Limited Company Accounti) Certified Copy of the memorandum and Article of association of the company.ii) Certified Copy of the incorporation of the company. iii) Board resolution for opening the account and authorization for its operation duly certified by the Chairman/Managing Director of the company.iv) Copy of update trade license.

v) Photocopy of company TIN. vi) List of Directors with designation, full address and phone number.

vii) Certifacate of registration for insurance company.Clubs/Societies/Trustee/Associations/Non-trading Institutions etci) Certified copy of Registration certificate.

ii) Copy Constitution/Bylaws/ Memorandum and Articla of association/ Trust Deed.iii) Resolution of the Board/Executive Committee authorizing opening the A/C with the Bank naming persons who will operate the A/C.

iv) List of Members of the governing body/Executive committee with address and phone number.v) Permission letter fromNGO.Thats are all about the additional papers required for various type of account..3 Account Closing

To close an account, parties may be requested to send an application along with the unused leaves of the Cheque Books issued to them.

On receipt of the application, the following will be done:

The signature of the account holder shall be verified.

The number of unused Cheque Leaves shall be noted there on.

Before the account is closed the Branch in Charge shall approve the application after asserting the liability, if any, and incidental charges to be debited to the account.

After debiting the incidental charges to the account, the account holder shall be advised to draw the remaining balance from his account.

The Account Closed stamp shall be affixed on the Account Opening Form and Specimen Signature Cards.

The application shall be posted with the account Opening Form and the Specimen Signature Cards shall be kept separately under lock and key.

An Authorized Officer shall destroy the unused Cheque leaves.4.4 Deposit Account

Deposit is one of the principal sources of fund for investment of commercial banks and investment of deposit is the main stream of revenue in banking business. Various kind of deposits are below

4.4.1 Al- Wadeea / CD account:

Current Account facilitates the account holder to draw money at any time but no interest is given to the current account deposited money. Current Account can be opened by any individual or joint or any name of proprietorship business, private limited company, association, clubs, societies, trusts etc. Generally, current account is opened for businessman and traders for easy transaction. By taking this liability, EXIM Bank takes service charge TK 100 for 6 months4.4.2 Mudarabah Deposit Scheme (MDS)Mudaraba Saving Deposit (MSD) is open by the lower and middle classer people who wish to save a part of their incomes to meet their future need intend to earn an income from their savings. It aims at encouraging savings of non-trading person(s), institution(s), society, etc. by depositing small amount of money in the bank.The number of withdrawals over a period is limited. First Security Islami Bank Limited is providing 6.50 % profit on Mudaraba Deposit Scheme.4.4.3 Mudarabah Monthly Deposit Scheme (MMDS):

It is project of First Security Islami Bank, which is a scheme like DPS. The slogan of this scheme is securing your future with case. A small savings to day will provide you comfort tomorrow. Revised Profit Rate of this scheme is now 12%. Size of installment has been extended up to TK 25000/- (Twenty Five Thousand Taka). You are requested to the follow the following table for MMDS. Insurance facility will be added with this scheme.installment5001000150020002500500010000150002000025000

5 YrsPrincipal amount30000600009000012000015000030000060000090000012000001500000

maturity value4085081700122550163350204200408350816700122505016334002041750


maturity value800001599502399003199003998507996501599300239895031985503998200


maturity value11505023005034510046010057510011502002300400345060046008005751000

Monthly installment deposit:

The saving amount is to be deposited with in the 20th of every month. In case of holidays the deposit amount is to be made on the following date.

The deposits may also be made in advance that means prepayment.

The depositor can have a separate account in the Bank from which a standing instruction can be given to transfer the monthly deposit in the schemes account.

In case the depositor falls to make the monthly installment in time, the 5% on overdue installment amount will be charged. The charge will be added with the following months installment and the lowest charge will be Tk. 10.

Withdrawal:

Generally, withdrawal is not advised before a five year term, but if it is withdrawn before the above term, then interest will be paid savings rate. However, no interest will be paid if the deposit is withdrawn within six months of opening the account.

In case the depositor to withdraw between the 5,8,10 years period then full interest will be paid for a completed term and saving rate will applicable for the fractional period.

4.4.4 Mudarabah Monthly Profit Scheme(MMPS): Revised Profit Rate of this scheme is now 12%. Under this Scheme clients will get TK. 1000/- (One Thousand Taka) per month against TK. 1,00,000/- (One Lac taka) deposit (Govt. Tax Applicable). Insurance facility will be added with this scheme.

4.4.5 Mudarabah Deposit Double Scheme (MDDS): Revised Profit Rate of this scheme is now 12%. Deposit Rate will be double in 6(Six) years instead of 6 years after revision. Insurance facility will be added with this scheme.

4.4.6 Mudarabah Term Deposit (MTDR)

There are deposits, which are made with the Bank for a fixed period specified in advance. The Bank do not maintained the cash reserves against these deposits and therefore. The Bank offers higher rates of profit on such deposits and therefore. These deposits generally constitute 50% of more of the total deposits. Usually customers are allowed to open this accounts for a certain period and the rate of interest varies in accordance with the terms of deposit. The terms and their rate of interest of FSIBL are as follows.

Mudarabah Term Deposit (MTDR) SL. No.AmountPeriodRate of Profit

1AnyOne Month11.00%

2Less Than 1 corer3 month, 6 month, 1 year.12.00%

New products from first week of July 2011

4.4.7 Mudarabah Student (School Banking) Saving Account () Features To buildup savings habit and familiarize new generation with banking system. Minimum account opening deposit TK. 100. No minimum balance required to maintain. More or less than 8% profit is applicable daily basis for this account. Account holder will receive an ATM card at free of cost. Free one time Cheque Book. Account holdermay pay tuition fees through the accounts.Note: All Branches are requested to select at least 1 (one) School in their Working Area to launch School Banking.

*Condition Apply

4.4.8 Mudarabah Education Deposit Scheme () Fetchers: Installments can be deposited in any branch any working day of the months without any late fees. Size of monthly installments are TK. 500/-, TK. 1000/-, TK. 2000/-, TK. 2500/-, TK. 5000/-, TK. 10000/-, TK. 20000/-, & TK. 25000/-. Maturity period are 5, 8, 10, 12 or 15 years.

Investment Facilities against Deposit.

TK. 1, 00,000/- (One Lac Taka) only Life Insurance Facility.

4.4.9 Mudarabah Marriage Deposit Scheme () Features: Installments can be deposited in any branch any working day of the months without any late fees. Size of monthly installments are TK. 500/-, TK. 1000/-, TK. 2000/-, TK. 2500/-, TK. 5000/-, TK. 10000/-, TK. 20000/-, & TK. 25000/-. Maturity period are 5, 8, 10, 12, 15 & 20 years.



4.4.10 Mudarabah Health Care Deposit Scheme () Feature: Installments can be deposited in any branch any working day of the months without any late fees. Size of monthly installments are TK. 500/-, TK. 1000/-, TK. 2000/-, TK. 2500/-, TK. 5000/-, TK. 10000/-, TK. 20000/-, & TK. 25000/-. Maturity period are 5, 8, 10, 12 or 15 years.



4.4.11 Mudarabah Senior Citizen Saving Account () Feature: A savings account for senior citizen aged 60 years or above. More or less than 7% profit is applicable for this account. Profit will add on daily basis and will be credited monthly.

Minimum account opening balance is TK. 500.

Free ATM Card.

Free SMS Banking.

100 leafs cheque book free.

20% discount on locker charges (applicable for branches having locker facility) subject to availability.

*Condition Apply.

4.4.12 Mudarabah Pention Deposit Scheme () Feature:

Installments can be deposited in any branch any working day of the months without any late fees. Size of monthly installments are TK. 500/-, TK. 1000/-, TK. 2000/-, TK. 2500/-, TK. 5000/-, TK. 10000/-, TK. 15000, TK. 20000/-, & TK. 25000/-. Maturity period are 5, 10, 15 & 20 years.



4.4.13 Mudarabah Salary Account () Feature: Individual account for employees of different Corporate Houses for disbursements of their monthly salary. The organization needs to have a minimum of 10 employees and a payout of Tk. 1, 00,000/- (One Taka Lac) per month and an average salary per employee of Tk. 10,000/- per month.

More or less than 7% profit is applicable for this account. No account maintenace fees. No minimum balance required. Investment facility at preferential rates (Personal Loan, Home Loan, Auto Loan). Free SMS Banking.


Free ATM Card.

*Condition Apply

Note: Corporate House can open an Al-Wadeeah Current/ Current Plus/ Premium Account to disburse Salary to their employee through Mudaraba Salary Account.

4.4.14 Al-Wadeeah Current Plus Account () Feature: Freedom of unlimited transactions.

Minimum account opening balance requirement is BDT 15000/-

Free Intercity Transaction.

Free ATM Card.

Free SMS Banking.



*Condition Apply

4.4.15 Al-Wadeea Premium Account () Feature:

Freedom of unlimited transactions.

Minimum account opening balance requirement is BDT 25000/-

Free Intercity Transaction.

Free ATM Card.

Free SMS Banking.


Special Counter.


*Condition Apply

In addition, the Client of our 3 (Three) exixting products named Mudarabah Monthly Deposit Scheme (MMDS), Mudarabah Monnthly Profit Scheme (MMPS) & Mudarabah Deposit Double Scheme (MDDS) will also get the mentioned insurance facility as under.

Life Insurance Facility:

1. TK. 1,00,000/- (One Lac Taka) only Life Insurance Facility.

2. Age limit of Client: 18 years to 50 years.

3. Premium Rate: Tk. 4.25 (Four Taka Twenty Five Paisa) only per thousand taka per annum.

Guide Line for Insurance Facility:

Necessary Information for availing life insurance facility of Tk. 1, 00,000/- (One Lac Taka) only has been accommodated in following products Account Opening Form.

1. Mudarabah Education Deposit Scheme ()2. Mudarabah Marriage Deposit Scheme ()3. Mudarabah Health Care Deposit Scheme ()4. Mudarabah Pention Deposit Scheme () 5. Al-Wadeeah Current Plus Account () 6. Al-Wadeea Premium Account ()7. Mudarabah Monthly Deposit Scheme (MMDS)

8. Mudarabah Monthly Profit Scheme (MMPS)

9. Mudarabah Deposit Double Scheme (MDDS)

Prime Islami Life Insurance Ltd. Has opened a Corporate Account with our Dilkusha Branch to collect their Premium.

Account Title: PRIME ISLAMI LIFE INSURANCE LIMITED

Account No. 101-111-000-2742-2

After opening account of above mentioned Scheme accommodated with Insurance Facility, all Branches are requested to send Premium of their clients @ Tk. 4.25 per thousand per annum to the Prime Islami Life Insurance Ltd. Corporate Account by 1st week of following month along with a separate statement of Clients to Marketing Development Division.

4.5 Issuing cheque book

General Service Division of Head Office will supply required Cheque Books to branches against their requisition from time to time. On receipt of these cheque books/ other security stationery, the branch shall record the stock in the Security Stationery Stock Register. While recording the stock, the Prefix number shall invariably be mentioned.The procedures are maintained for issuing chequebook:

At first the customer will fill the cheque requisition from.

The leaves the cheqebook under issued small be counted to ensure that all the Bank requisition slip are intact and the named and account number small be returned on the cover page of chequebook. The account number of the customer shall be entered on all the leaves of the chequebook and its requisition slip.

The name and account number of the customer shall be entered in the chequebook register against the particular chequebook series.

Then the register chequebook and the requisition slip are signed by the officer in charge of the deposit department.

Then the chequebook is handed over to the customer after taking acknowledgement on the requisition slip and the register book.

A cover the containing the requisition slip shall be effectively reserved as vouchers. If the ledger keeper notices any defect, he will make remark to that effect on the requisition slip and forward it to the cancellation officer to decide whether a new checkbook should be issued or not.4.6 Bills and clearing Section:

Check clearing: Movement of a check from the bank in which it was deposited to the bank on which it was drawn, and the movement of its face amount is called check clearing. This process normally results in a credit to the account at the bank of deposit, and an equivalent debit to the account at the bank on which it was drawn.Figure03: Clearing Section

For safety and security in financial transaction people use financial instruments like DD, PO. Cheque etc. commercial bank's duty is to collect the financial instruments on behalf of their customer. The process that the banks use known as clearing and collection.

Inward Clearing: When a particular branch receives instruments, which are on themselves and sent by other member bank for collection is treated as Inward Clearing of that branch. This branch is known as paying branch.Inward clearing involves clearing Cheques/DD/PO, which come to the FSIBL, Dhanmondi branch through clearing house for collection. The clearing officer receives then enters them in the inward logbook. Then they send them to the computer section for checking the account condition. If any problem is found with the instrument, it is marked as dishonored mentioning the reason as mentioned above and he sends to the clearing officer. The clearing officer removes Cheques/DD from logbook and informs the matter to the Dhanmondi branch.

The main function of this section is to collect instruments on behalf of the customers through Bangladesh Bank clearinghouse. Outside bank clearing (OBC), Inter Brach Clearing (IBC). Upon the receipt of the instruments this section examines the following things: Whether the paying bank within the Dhaka city.

Whether the paying bank outside the Dhaka city.

Whether the paying bank is their own branch.

Outward Clearing

Outward clearing held if the instruments collected by specific branch within the Dhaka city and not of their own branch. Here the following procedures are followed:

The clients receive the duty-signed instruments.

Cheeked for any apparent discrepancy.

Clearing stamps are affixed on the instrument and on the deposit slip.

Branch code numbers also affixed on the instruments.

The authorized signature endorses instruments.

Particulars of the with schedules send to the main branch of First Security Islami Bank Ltd. with issuing an lnter Branch Debit Advice (IBDA).

4.7 Remittance Section

Banks have a wide network of branches over the country and offer various kinds of remittance facilities of the public. The main instrument used by the First Security Islami Bank of remittance of funds is:

Payment Order (PO)

Demand Draft (DD)

Telegraphic Transfer (TT)

4.7.1 Payment Order(PO)

It is a process of money from payer to payee within a certain clearing area through banking channel.

A person can purchased payment order in different modes such as pay order by Cheque and for these different modes accounting treatments is also different.

Accounting treatment:

(PO by cash)

DateParticularsDebit

(Tk.)Credit (Tk.)

Cash A/c Dr

To Bills payable A/c

To PO Commission A/cxxxxxxxx

xxxx


(PO by Cheque)


(Tk.)Credit (Tk.)

Cash A/c Dr

To Bills payable A/c

To PO Commission A/cxxxxxxxx

xxxx

First Security Islami Bank charged different amount of commission on the basis of Payment Order amount. The Bank charges for Payment Order are given in the following chart:

Total amount of POCommission

Tk. 10000Tk. 25.00%

Tk. 10000 from Tk. 100000Tk. 60.00%

Above Tk. 100000 Tk. 120.00%

4.7.2 Demand Draft (DD)

It is an instrument containing an unconditional order of one Bank to another to pay a certain amount of money to the named person or order the amount therein on demand. DD is very much popular instrument for remitting money from one corner of a country to another. Commission for DD is 0.15% of the principal amount.


(DD by Cheque/ cash)


(Tk.)Credit (Tk.)

Cheque/ Cash A/c Dr.

To Demand Draft A/c

To DD Commission A/cxxxxxxxx

xxxx

Difference between pay order and demand draft:

There are some difference between pay order and demand draft, which are:

In case of demand draft both the payer and payee need to have account. But there is no certain rule for pay order.

PO is used in the same clearing area. DD is used for all kinds. DD can not be done in the same clearing area.

DD is drawn on a certain Bank officer. But there is no certain rule for PO.

4.7.3 Telegraphic Transfer (TT)

Telegraphic transfer is the quickest method of transferring funds from one place of another. Sometimes the remitter wants that the money to be available to the payee immediately. In that case bankers are requested to remit the fund telegraphically. Here the remitter bears the additional charge of telex/ telephone. Charge for TT is 0.15% of the principal amount and the addition charge telex/ telephone is Tk. 40.00 In case of TT both the parts must have accounts.


(PO by Cheque)


(Tk.)Credit (Tk.)

Cash A/c Dr

To TT Commission A/c

To TT charge A/cxxxxxxxx

xxxx

xxxx

Here I know the amount transferred and what is the procedure. This department also deals withD.D., T.T. transfer of money. I worked nearly three days in this department.5.1 Duties and responsibilities as a intern As a student of BBA with the requirement of my course I was assigned First Security Islami Bank Limited to Dhanmondi Branch, Dhaka for my internship. I was assigned to work on General Banking. So my duties are on general banking activity.In the internship period it is very important for anyone where practical experience gathered. In the period of three months internship program I have learn many thing about General Banking. Every employees on their helped me so much so understand the work easily. During my internship period, I have worked in different sections like Accounts Opening, Clearing, remittance and dispatch of the General Banking Department. During my three months internship programs I have worked 10.00am to 5.00pm at every day.

5.2 As an Intern my Accomplishments are as Follows Account Opening

I worked first in First Security Islami Bank in the account opening department. Here I learnt the procedure for opening an account. The documents that are need for opening an account. In First Security Islami Bank Limited there are various types of account. Here I have worked at least 30 days. This is important section of the bank. It deals with the different products. These products are the core sources of deposit. Here I have acquainted with different products that the bank offers to acquire deposit. I also have acquainted with the checklist of the account opening. Based on the account operating mode the bank sets various requirements for its clients. This is called the checklist. I have also learned the important steps regarding account opening and account closing.

Clearing Section and posting Clearing Cheque (NIKASH)

Every day I received several cheques from clients. I also initial it the deposit slip and put branch seal and endorsement seal in the cheques. My responsibility ensures account number, accounts holder name. In this section my last duty posting the clearing cheque in the computer.

Provide information any type of customer

I also provide any type information to the customer. A tried my best to give the right information to the customer. When any customer does not understand anything tried to help them. Most of time I gave them information about account opening.

Pay order issue

I issued more than 3 or 4 pay order everyday. At first customer is supplied with PO form. After filling the form, the customers pay the money in cash or cheque. The officer then issues PO on its specific block. The block has three parts one for bank; other two parts for customer.

Demand Draft

The demand draft is written order by one branch of a bank to pay a certain sum of money to or to the order of a specific person.

Making Outward Bill for collection.A cheque come from other bank for clearing then the cheque sent to the manager by letter to save cash clients account.

Receiving & Sending Letters

There are two type letters on the branch. The letter come form outside or another branch those are received in inward book and a serial number put in the letter. And the other one is Banks letter that sends to another bank or branch by putting also a serial number.

Issuing Cheque BookFresh checkbook is issued to the account holder only against requisition on the prescribed requisition slip attached with the checkbook issued earlier, after proper verification of the signature of the account holder personally or to his duly authorized representative against proper acknowledgment. I issue more than 50 or 60 cheque to the customer. Its not so easy to issue a cheque book. Have to find out here the demanded cheque and then have to record it. And finally give the cheque book to the customer and customer signature in the cheque discount file. Monthely activities

The sequence of my Monthely activities can be summed up as under:

DepartmentMonthely

Dispatch (in,out)80

Account Opening60

Account Closing250

Issuing Cheque Book70

5.3. Problems encounteredProblems I have found or encountered in handling tasks:

1. There is a very little practice for increasing motivation in the workers by the management.

2. In the branch, employees are not equipped with adequate banking knowledge. They have lack of basic knowledge regarding money, banking finance and accounting. Without proper knowledge in these subjects, efficiency cannot be optimized.

3. There is a very few proper use of Islami banking system. They just congregate customer from this Islami name.

4. Promotional activities of this bank are very poor.

5. There are no any ATM booth of FSIBL.Customer has to use other banks ATM booth. Thats way customer has to pay 12 tk for every transaction.

6. FSIBL was in problem bank category. Now a days FSIBL has come out from this category. But still now ranking is very poor compare to other islami bank. 5.4 How internship experience impacts my career I have learnt much necessary information about the banking sector and their activity. As my focus concern was General Banking so I was more involved with that, than other department. Now, it is very clear to me how First Security Islami Bank Limited operates their operation on the ground of general banking in this country. The internship experience will help me much to built my career. My learned experiences are as follows: I learned the formalities to open several account in First Security Islami Bank Limited.

I got information about the requirements for opening account

I also observe the procedures to close an account.

As I also work at clearing so I closely experience clearing house operation.

Providing information to their client is an important activity for a bank. I learned the way about how EXIM Bank provides the information to their client.

Verify signature in different issue was one of my learnings from the Bank.

I learned the process to renew FDR account at the Bank.

I experienced the formalities to issue a Pay Order.

I learned the procedures to issue Demand Draft.

I learned how to issue check book.

I issue and receive Mail for Main Branch with others.

Finally, I learned how to prepare an internship report. Learned about the office environment.All this above learning point will be helpful for my future. Those will be helpful for my career. As I have learned many things I can use them on my future to improve my position to run faster on job market.6.1 SWOT Analysis of FSIBLSWOT Analysis is an important tool for evaluating the companies Strengths, Weaknesses, Opportunities and Threats. It helps the organization to identify how to evaluate its performance and can scan the macro environment, which is turn would help the organization to navigate in the Turbulence Ocean of competition. Following is given the SWOT analysis of First Security Islami Bank Limited:

6.1.1 Strengths

1. Top Management

The top management of the bank, the key strength for FSIBL has contributed heavily towards the growth and development of the bank. The top management highest position holder, so they have a good idea about the current situation.

2. Company Reputation

FSIBL has created a good reputation in the banking industry of the country. Their main customers are General people. The popularity of this bank is increase day by day also in the general public area.

.

3. Modern Facilities and Computer

From the very beginning FSIBL tries to furnish their work surroundings with modern equipment and facilities. For speedy service to the customer, FSIBL had installed money-counting machine in the teller counter. The bank has computerized banking operation under software called PC Bank Software. More over computer printed statements are available to internal use and occasionally for the customers.

4. Stirring Branches

From the formative stage of FSIBL tried to furnish their branches by the impressive style. Their well-decorated branches gets attention of the potential customer, this is one kind of positioning strategy.

5. Interactive Corporate Culture

The corporate culture of FSIBL is very much interactive compare to other local organization. This interactive environment encourages the employee to work attentively. Science the banking jobs is very much routine work oriented and lovely environment boots up the work capability of the employees.

6.1.2 Weaknesses

1. Hierarchy Problem

The hierarchy problem treated as a weakness for FSIBL, because the employee will not stay for a long. So there will be a chance of brain drain from this bank to other bank.

2. Advertisement Problem

There is another weakness for FSIBL is advertisement. Their media coverage is so much low that people do not know the bank thoroughly.

6.1.3 Opportunities

Diversification

FSIBL can pursue diversification strategy in expanding its current line of business. They do not serve not only the corporate client but also the general people. Business Banking

The investment potential of Bangladesh is foreign investors. So FSIBL has opportunity to expand in business banking.

3.1.4 Threats

1. Contemporary Banks

The contemporary banks of FSIBL like: Dhaka Bank, Dutch-Bangla Bank, National Bank, Mutual Trust Bank, Mercantile Bank etc. are its major rivals. They are carrying out aggressive campaign to attract lucrative clients as well as big time depositors. FSIBL should remain vigilant about the steps taken by these banks, as these will in turn affect First Security Islami Bank strategies.

2. Multinational Bank

The Rapid expansion of multinational bank poses a potential threat to new PCBs. Due to the booming energy sector, more foreign banks are expected to operate in Bangladesh. Moreover, the existing foreign banks such as HSBC, AMEX, CITI N.A, and Standard Chartered are now pursing an aggressive branch expansion strategy. Since the foreign banks have tremendous financial strength, it will pose a threat to local bank to a certain extant in terms of grabbing the lucrative clients.

3. Default Culture

Default culture is very much familiar in our country. For a bank, it is very harmful. As First Security Islami Bank is new, it has not faced it seriously yet. However as the bank grows older it might become big problems.

Conclusion:

FSIBL has been one of the leading organizations in the bank industry in Bangladesh. First Security Islami Bank Limited is a third- generation private commercial bank in the country with commendable operating performance Directed by the mission to provide prompt and efficient services to clients, FSIBL has successfully celebrated its Ten years of operation. It provides a wide rage of commercial banking services FSIBL has an achieved success among its peer group within a short span of time with its professional and dedicated team of management having long experience, commendable knowledge and expertise in conversion with modern banking. With all its resources, the management of the Bank firmly believes that the bank would be able to encounter problem that may arise both at micro and macro economic levels. The Management of the Bank is maintaining an efficient portfolio in order to have a healthy growth and retain customer satisfaction. FSIBL is engaged in modern banking. It is expected that FSIBL by its efficient Asset and liability management will be able to maintain its trend of growth and thus overcome the threat. Neither FSIBL nor any other commercial bank can effectively combat risk. However, FSIBL having small and targeting niche markets is likely to be less affected by restrictive monetary and/ or fiscal policy. The Management of the Bank is planning to meet the required capital adequacy withering the stipulated time frame, and a loan and advance policy that expected the loan loss provisioning in future will be within tolerable limit having little material impact on future profitability as well as net worth. A although FSIBL is yet to be fully automated the bank has a adequate modern technology to meet its present requirement and it proceeding aggressively to enhance its technology level. As FSIBL is performing good in traditional general banking and there is a good demand for Islamic Banking and the opinion of then (The management) that the performance of the Bank is getting much better than past. I wish and hope that in future FSIBL will be Number one commercial Bank in Bangladesh.8.1 Recommendations:

Banking is a service-oriented marketing. Its business profit depends on its service quality. That's why the authority always should be aware about their service quality.

To provide service to the customer it is necessary to have a trained team of an organization of an institution. For this reason the Bank should recruit more fresh, bright and energetic persons. In this case the Bank can consider MBA, BBA, MBM and etc.

The Bank has a provision for internship program, but it is not well organized. Although the officials are very careful and co-operative with the interns, the authority should be more structured. If they can properly make them trained it will be very fruitful to recruit them. Because they learn overall Banking in the internship period, so in the beginning of the job they can work as experienced persons. It is also very important that they should give an honorarium to the intern.

Bank should offer Bank is launching 'Customer Credit scheme' First Security Islami Bank is failing to launch this kind of scheme. The management can undertake such sort of schemes and earn more profit.

As soon as possible the Bank should start more benches in Dhaka City as well as the other cities of the country.

Now a days world is going very fast. Now most of the Bank opens online customer service system. So, in order to compete in the world market they should adopt online Banking system.

The Bank should attempt to enter into the share market by issuing share to capitalize more money and invest thereafter by expanding the number of barnacles around the city.

One of the business strategies is promotion. Successful business depends how they can promote their products of services to the customer. In this connection to improve the business bank should introduce more promotional programs.

The recruitment process of the Bank is very lengthy an expensive. The bank should select the employee by reducing the lengthy process.

In general banking department it is necessary to implement modern Banking process instead of traditional system. The department should be more computerized.

In addition with the present services they should include more services. It is badly needed to provide more services to the customer in order to compete in the market.

Data base net working is the most modern technology to transfer data from branch to branch or branch to head office and vice versa. So, they must use this technology in Information Technology (IT) department of the Bank.

All the clients are not in favor of introducing system, if possible the rule of introducing to pen an account should be changed. Because many people face in problem to arrange an introducer in the time of opening accounts.

The loan sanction process should be easier that the clients can feel convenient to take loan from the Bank.

To make exchange process more prompt the authority should use modern communication system such as E-mail, Fax, win Fax, Internet etc.

The branches of the Bank facing the problem of shortage of manpower. So, the authority should take immediate action to solve the problem.

References And Bibliography

Annul Report First Security Islamic Bank Ltd. 2005 to 2009.

Different types of brochures of First Security Islamic Bank Ltd.

Several Booklets from First Security Islamic Bank Ltd.

First Security Islamic Bank Ltd. Bank web site.

www.fsiblbd.com.

Articles of FSIBL Financial Institution Management, Anthony Saunders , By Marcia Millon Cornett.

Bank Fund Management, By Peter S. Rose.Four Years Financial Performance at a glance of First Security Islami Bank Ltd.Particulars2007200820092010

Paid-up Capital1,000,000,0002,300,000,0002,300,000,0003,036,000,000

Total Capital Fund1,347,916,0192,862,198,0833,379,035,8324,582,217,485

Capital Surplus/(deficit)(125,708,856)1,126,543,146267,692,74229,266,485

Total Assets26,941,780,87131,239,393,41847,978,552,95263,619,797,799

Total Deposits23,504,045,03125,854,541,50042,423,092,72256,344,959,167

Total Loans and Advances18,616,225,31525,094,658,07738,725,874,77452,123,903,164

Total Contingent Liabilities and Commitments5,114,783,3634,611,289,5775,971,673,0668,859,668,340

Credit Deposit Ratio (in %)79.20%96.39%91.28%92.51%

Percentage of Classified Loans against total Loans and Advances(in %)6.50%4.20%2.14%2.61%

Profit before tax & provision128,530,728189,603,753750,837,7491,203,600,731

Amount of Classified Loans during the year1,210,643,0001,053,412,705830,515,0001,361,392,000

Provision kept against Classified Loans707,694,000597,694,000507,694,000542,894,000

Provision Surplus/(deficit)136,733,91731,818,40653,834,57113,658,789

Cost of Fund9.06%11.37%9.28%8.90%

Interest Earning Assets23,803,097,99628,529,063,42141,371,529,12556,040,956,802

Non-interest Earning Assets3,138,682,8752,710,329,9976,607,023,8277,578,840,997

Return on Investment (ROI)(in %)7.11%15.18%2.79%9.24%

Return on Assets (ROA)(in %)0.47%0.61%1.56%1.89%

Income from Investment177,752,561202,345,83453,510,527264,208,027

Earning Per Share (Tk.)3.207.351.422.33

Net Income Per Share (Tk)3.207.351.422.33

Price Earning Ratio (Times)N/A23.7415.3917.42

Accounts Opening of 2010 & 2011 PeriodName of Accounts

FromToAWCDMSDMMDS 5YMMDS 10YMMDS 8 Y

01/07/200930/06/201069533273166

01/07/201030/06/201158454265216

PeriodName of Accounts

Mudarabah Term Deposit (MTD or FDS)

FromToOne MonthThree MonthSix MonthTwelve Month

01/07/200930/06/20105134640145

01/07/201030/06/20114138546111

Executive Vice President

Senior Executive Vice President

Deputy MD

Managing Director

Board of Directors

Chief Advisor

Chairman

Senior Vice President

Vice President

Senior Assistant Vice President

Assistant Vice President

First Assistant Vice President

Jr. Assistant Vice President

Senior Executive officer

Officer

Executive officer

Probationary Officer

First executive officer

Officer


First executive officer

Executive officer

Senior Executive officer

Jr. Assistant Vice President

First Assistant Vice President

Assistant Vice President

Senior Assistant Vice President

Vice President

Executive Vice President

Senior Vice President

Senior Executive Vice President

Deputy MD

Managing Director

Board of Directors

Chief Advisor

Chairman
