A Study on Difference Between Modes of Investment Used by Social
1.1 Introduction
Social Invest Bank Ltd was established on November 22,1995 with an authorized capital of taka.1000 million and Paid up Capital of Taka 260 Million by a group of rignly successful entrepreneurs from various field of economic activities. It is a Fully licensed scheduled entrepreneurs from various field of economic activities. It is a fully licensed scheduled commercial Bank set up in the private sector in line With the Government to liberalize Banking& Financial services.
The founder Chairman of the Bank was Prof. Dr. M.A Mannan. He is a world wide renowned Islamic Economist. The first managing director was Mr. M. azizul Haq. .Highly professional people having wide experience in domestic and international Banking are managing the Bank.
The present Chairman is Mr. Kamal Uddin Ahmed who is the renowned Industrialist of the country. The present managing Director is K.M. Ashaduzzaman has long experience in domestic international Banking. The Bank has made significant process with in a very short time due to its very competent Board of Directors, dynamic management and introduction of various customers friendly deposit and loan producfis. SIBL is operating three-sector Banking such as Formal, Non-formal and Voluntary Sector. SIBL is beginning a new era of Islamic banking having social, ethical and moral dimension in each of its activities ranging from credii to construction, trading transport, forming to fising, manufacturing to mining and so on. Some renowned personalities and institutions are sponsors and directors of this bank.
1.2. Objectives
The objectives of the study to clarify the modes of investment of SIBL and compare with investment mode of conventional bank.
The objectives of this report are as follows:
To discuss about investment modes as detailed as possible, used by Social Investment Bank Limited. To study the modes of advance & loans used by Conventional Banks. To compare the
Social Invest Bank Ltd was established on November 22,1995 with an authorized capital of taka.1000 million and Paid up Capital of Taka 260 Million by a group of rignly successful entrepreneurs from various field of economic activities. It is a Fully licensed scheduled entrepreneurs from various field of economic activities. It is a fully licensed scheduled commercial Bank set up in the private sector in line With the Government to liberalize Banking& Financial services.
The founder Chairman of the Bank was Prof. Dr. M.A Mannan. He is a world wide renowned Islamic Economist. The first managing director was Mr. M. azizul Haq. .Highly professional people having wide experience in domestic and international Banking are managing the Bank.
The present Chairman is Mr. Kamal Uddin Ahmed who is the renowned Industrialist of the country. The present managing Director is K.M. Ashaduzzaman has long experience in domestic international Banking. The Bank has made significant process with in a very short time due to its very competent Board of Directors, dynamic management and introduction of various customers friendly deposit and loan producfis. SIBL is operating three-sector Banking such as Formal, Non-formal and Voluntary Sector. SIBL is beginning a new era of Islamic banking having social, ethical and moral dimension in each of its activities ranging from credii to construction, trading transport, forming to fising, manufacturing to mining and so on. Some renowned personalities and institutions are sponsors and directors of this bank.
1.2. Objectives
The objectives of the study to clarify the modes of investment of SIBL and compare with investment mode of conventional bank.
The objectives of this report are as follows:
To discuss about investment modes as detailed as possible, used by Social Investment Bank Limited. To study the modes of advance & loans used by Conventional Banks. To compare the
Bibliography: 3. Iqbal, Z. & Mirakhor, A. (1987), Islamic Banking. Al-Tawhid.Vol.4.No.3……..Islamic Thought and Culture. P.106. 4. Ali, M and Sarkar,A.A. (1995). Islamic Banking:Principles and Operational Methodology. Islamic Economics Research Bureau. Pp.20-25. 9. www.siblbd.com dated Augast 11, 2006. www.premierbank.com dated Augast 11,2006. www.ucbl.com dated Augast 11,2006., www.islamibankbd.com QUESTIONNAIRE ON DIFFERENCES IN INVESTMENT MECHANISM OF ISLAMI BANKING AND CONVENTIONAL BANKING