Preview

Report Onsjibl

Powerful Essays
Open Document
Open Document
8744 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Report Onsjibl
1

A REPORT ON BOARD SIZE, INDEPENDENT DIRECTORS AND PERFORMANCE OF SHAHJALAL ISLAMI BANK LIMITED, FOREIGN EXCHANGE BRANCH

By

Shahana Khanom ID: 0820035

An Internship Report Presented in Partial Fulfillment Of the Requirements for the Degree Bachelor of Business Administration

Independent University, Bangladesh April 29, 2012

2

A REPORT ON BOARD SIZE, INDEPENDENT DIRECTORS AND PERFORMANCE OF SHAHJALAL ISLAMI BANK LIMITED, FOREIGN EXCHANGE BRANCH

By

Shahana Khanom ID: 0820035

Has been approved, April 29, 2012

_______________________ Shawgat. S . Kutubi Lecturer, School of Business Independent University, Bangladesh (IUB)

3

Letter of Transmittal 22th April, 2012

Shawgat .S. Kutubi Supervisor, School of business Independent University, Bangladesh

Subject: Submission of Internship Report.

Dear Madam, This is my pleasure to submit my internship report on “Board Size, Independent Directors and Performance: An Analysis of Shahjalal Islami Bank ". It was a great opportunity for me to acquire knowledge of Shahjalal Islami Bank Limited Foreign Exchange Branch, Motijheel, Dhaka. I have concentrated my best efforts to achieve the objectives of the study and hope that my endeavor will serve the purpose. I will be highly grateful & oblige if you kindly accept my work & evaluate it with your sagacious judgment.

Thank you, Sincerely Yours ……………………… Shahana Khanom ID #0820035

4

Acknowledgement: First, it is my Almighty ALLAH who gives me the sense to understand what I am doing and for everything. I would like to take this opportunity to express my gratitude to my internship supervisor, Shawgat S. kutubi, Lecturer, School of Business, at Independent University of Bangladesh for continuous inspiration, supervision and patience. Without his guidance and support it would not have been possible to come this far. I would like to express my deepest gratitude to Mr. Md. Abdul Aziz Zumma, Excecutive Vice President & Branch Manager

You May Also Find These Documents Helpful

  • Powerful Essays

    The Company adheres to the Code of Corporate Governance for Listed Companies published by AFEP and MEDEF. The Board of Directors shall have a maximum of 18 members, a third of whom at least are appointed from among prominent independent persons with no interests in the Company The number of Directors or permanent representatives of legal entities from outside companies, shall be limited to four. Apart from the selection of the Company’s management structure and the appointment of the Chairman of the Board of Directors, Chief Executive Officer and Group Managing Director(s), the principal missions of the Board of Directors are to: - ensure that the Company’s interests and assets are protected; - define the broad strategic orientations of the Company and the Group and ensure that their implementation is monitored; - approve the Company’s annual and half-yearly financial statements; - review the essential characteristics of the internal control and risk management systems adopted and implemented by the Company; - ensure that major risks to which the Company is exposed are in keeping with its strategies and its objectives, and that they are taken into account in the management of the Company; - verify the quality, reliability and fairness of the information provided to shareholders concerning the Company and the Group, in particular to ensure that the management structure…

    • 5006 Words
    • 21 Pages
    Powerful Essays
  • Powerful Essays

    It has been a great pleasure to submit the report on performance evaluation of a private commercial bank. You are aware that I collected information on a private commercial bank. I choose IFIC Bank for the report purpose. I am fortunate enough that I got all those information necessary for the assignment purpose. I believe that this assignment has given me a great experience to me and it has enriched both my knowledge and experience. I tried my best to prove my skills while preparing this report.…

    • 3548 Words
    • 15 Pages
    Powerful Essays
  • Good Essays

    Acadamic Documents

    • 51916 Words
    • 208 Pages

    Head Office King Road, P.O. Box 6277, Jeddah 21442, Kingdom of Saudi Arabia, Tel.: (+966) 2 609 8888, Fax: (+966) 2 609 8881 SWIFT: BAJZSAJE, E-Mail: info@baj.com.sa, www.baj.com.sa Contents Financial Highlights Board of Directors 6 Cheif Executive Officer’s Foreword 8 Executive Management 10 Board of Directors’ Report 11 Shari’ah Advisory Board Report 36 Network 38 Independent Auditor’s Report 41 Financial Statements 42 Basel II Pillar3 Qualitative Disclosures I 5 Chairman’s Statement 2 3 95 BANK ALJAZIRA ANNUAL REPORT 2011 Financial Highlights (In SAR millions, except where indicated) Loans and advances, net Total assets Customer deposits Shareholders’ equity Net special commission income Fee income Gain on investments, exchange and other Total operating income…

    • 51916 Words
    • 208 Pages
    Good Essays
  • Powerful Essays

    Rodney Wilson∗ Abstract For Islamic financial institutions to have credibility, formal procedures for SharÊÑah governance are required; otherwise clients would have no assurance that the institution is upholding the principles of Islam in its financial dealings. This formal assurance can be provided by national law, as in the case of Iran, which enacted the Law on InterestFree Banking of 1983, under which all banking operations had to be SharÊÑah compliant. Malaysia passed an Islamic Banking Law the same year, but it created a dual system whereby licensed Islamic banks could compete alongside those operating conventionally. Unlike in Iran, however, Malaysia instigated a system for ongoing assurance by establishing SharÊÑah Boards for the Central Bank and the Securities Commission with the power to deliver fatwÉ, and boards at the level of each Islamic bank to ensure that the financial products they offered are SharÊÑah compliant and conform to the requirements of the centrally issued fatwÉ. At the other extreme, the countries of the GCC have devolved all SharÊÑah governance to the institutional level, although many Islamic banks recognise the rulings of the SharÊÑah Board of the Bahrain-based Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and the Organization of the Islamic Conference (OIC) Fiqh Academy. This paper discusses the merits of centralised versus devolved SharÊÑah governance and considers what competences and experience SharÊÑah…

    • 6146 Words
    • 25 Pages
    Powerful Essays
  • Powerful Essays

    Kcdfs Vxvxv

    • 1858 Words
    • 8 Pages

    Most of the directors are elected unopposed. The present Chairman Shri Ajaybhai Patel is being unanimously elected unopposed for the third time in succession since 2003. Under his dynamic leadership the management of the bank has been more transparent. In economic liberalization, the banking scenario has changed a lot and competitors has become more severe, in addition the co-operative banks have been included in Income Tax net along with the other more professionally managed banks. All these…

    • 1858 Words
    • 8 Pages
    Powerful Essays
  • Better Essays

    Case Study Dilema

    • 1295 Words
    • 6 Pages

    Furthering the discussion, there are some highlighted problems and issues that arise such as Encik Zayed and Puan Hashimah who are the Directors of the organization were not familiar with Accounting Standards and the provisions of the Companies Act 1965 and their roles and duties as company directors. Besides than that, all the employees did not have the necessary job experiences and good background of studies and most of them are among the family members of the directors. In addition to that, all the records are not organized and filed accordingly. For example like the sales invoices and purchase order are manually prepared and not pre-numbered. There were long outstanding collections from trade debtors as the Monthly Statements of Accounts was not sent to customers on monthly basis. In fact, the standard operating procedure was not in place. Several assets purchased by the company were not recorded and overpayments…

    • 1295 Words
    • 6 Pages
    Better Essays
  • Powerful Essays

    Among the Malaysia key Islamic Financial initiatives are the issuance of new license to foreign interest within the domestic Islamic financial institutions as well as International Islamic Banks and Takaful operators. The objectives are to establish Malaysia as a leading international and regional hub of Islamic finance in the Asian Region. Pt Bank Muamalat Indonesia is one of the foreign Islamic Bank established as a branch operating under the MIFC initiatives. Among the International Islamic Banks in Malaysia, Pt Bank Muamalat Indonesia Kuala Lumpur Branch is the only international Bank that actively involved in full banking business activities particularly in corporate, treasury and retail banking. As a branch the bank need to adhere to the regulation imposed by Central Bank of Indonesia as well as Malaysia particularly in banking regulation and Shariah aspects. The paper discusses the challenges and the opportunity faced by the bank in managing their banking operations. The paper also discusses about some strategic operational planning undertake by the bank to grab the business opportunity locally as well as regionally. It was proven with substantial growth since inception whereby the bank managed to register financial breakeven only in the 11th month of its operation. The author foresee the establishment of BMIKL gives a better impact to the growth of Islamic financial industry in Malaysia particularly in providing wide range of international banking facilities in international currencies other than Ringgit Malaysia with residents and non-residents. Besides that BMIKL play an important role to harmonize the Shariah matters between Malaysia and Indonesia.…

    • 6490 Words
    • 26 Pages
    Powerful Essays
  • Powerful Essays

    I am deeply indebted to Mr. Ramanuja Chari (Territory Manager of LPG & CPIO, BPC Ltd), for giving me the opportunity to undertake my internship programme at BPC Ltd. I also extend my gratitude to Mr. Jockey Johnson (Executive Sales-LPG) BPC Ltd for his valuable suggestions, guidance, constant encouragement and conservative criticism at every step of my internship.…

    • 7112 Words
    • 29 Pages
    Powerful Essays
  • Powerful Essays

    Kahskhq

    • 9049 Words
    • 37 Pages

    BOARD OF DIRECTORS CHAIRMAN H.E Khalil Mohammed Sharif Foulathi, Foulathi, Deputy Chairman H.E Khalid Juma Al Majid Governor H.E Sultan Bin Nasser Al Suwaidi Deputy Governor H.E Mohamed Ali Bin Zayed Al Falasi Members H.E. Younis Haji Khoori H.E. Mubarak Rashid Al Mansouri H.E. Khalid Ahmed Al Tayer H.E. Khalid Mohammed Salem Balama Head Office P.O. Box 854, Abu Dhabi Telephone +9712 6652220 Telex 23316 MARKZI EM 22566 MARKZI EM 22396 MARKZI EM Fax +9712 - 6652504 Website: www.centralbank.ae Research & Statistics Department P. O Box 645 - Sharjah - Tel: 06-5592592 - Fax: 06-5595300 E-mail: rsdbuae@emirates.net.ae…

    • 9049 Words
    • 37 Pages
    Powerful Essays
  • Good Essays

    Strategic Managment

    • 13915 Words
    • 56 Pages

    COMMITTEES OF THE BOARD Audit and Risk Committee Uday M. Chitale Lalita D. Gupte R. Rajamani B. V. Bhargava Satish C. Jha Committee of Directors K. V. Kamath Lalita D. Gupte B. V. Bhargava Uday M. Chitale H. N. Sinor Compensation Committee Lalita D. Gupte Somesh R. Sathe Uday M. Chitale H. N. Sinor Nomination Committee K. V. Kamath R. Rajamani B. V. Bhargava H. N. Sinor Share Transfer Committee Lalita D. Gupte B. V. Bhargava Uday M. Chitale H. N. Sinor…

    • 13915 Words
    • 56 Pages
    Good Essays
  • Good Essays

    National Bank Limited established as the first private sector bank fully owned Bangladeshi entrepreneurs, NBL has been flourishing as the largest private sector bank with the passage of time after facing many stress and strain. Foreign exchange department of this bank is well renowned. The report was made on the basis of primary and secondary data. Primary data have been collected through discussions with the officers of the foreign exchange department of the bank. Secondary data have been collected from the bank’s record books, publications, annual reports, websites and other sources. For analyzing the data and explaining the performance both tables and graphs have been presented.…

    • 316 Words
    • 2 Pages
    Good Essays
  • Best Essays

    Institutions that offer Islamic financial products and services are expected to operate by the Islamic principles and all activities must be within the Shariah rules. Shariah audit is a way to ensure that the operations of Islamic financial institutions (IFIs) do not have conflict with Shariah principles. Internationally, the AAOIFI (Accounting and Auditing Organizations of Islamic Financial Institutions) and the IFSB (Islamic Financial Services Board) have issued a number of governance standards and guidelines to govern the practitioners in IFI. However, in the context of Malaysia, Bank Negara Malaysia (BNM) also has issued guidelines to provide well-advised regulations of Shariah affairs for Islamic financial institutions. Nowadays, the age of globalization and business is seen as the guiding factor for our social and economic life. In other words, accounting is the most important tool of business acting as a language of…

    • 4015 Words
    • 13 Pages
    Best Essays
  • Powerful Essays

    Dhaka Bank beings the one of the leading Banking companies in Bangladesh, it has some competitors within the country. So, it was quite difficult to collect the in-depth information for company secrecy. Again our access was limited to the junior officers other than the management level. One more important limitation for preparing the report was time. As it is a large company it was difficult to collect all the information in such a short time and also the limitation of cost didn’t permit us to do so. If we had some more time, we could have prepared the report much better than we did.…

    • 3544 Words
    • 15 Pages
    Powerful Essays
  • Powerful Essays

    Internship Report

    • 7040 Words
    • 29 Pages

    With a view to acquire an in-depth knowledge about the practical orientation and experiences of dynamic business world, it is obligatory to undertake an extensive study to prepare report the students of Business Administration, Bangladesh University of Business & Technology (BUBT), who are desirous to the successfully completion of their BBA degree. During the preparation of the report, the students are guided by the faculties of the department with whom they are attached to. Each student is required to work on a specific topic to his/her learning with the attachment of any respective organization. As part of the program, I am highly proud to join with AB bank Limited as report topic “Financial Performance Evaluation of AB Bank Limited (ABBL). This report is an orientation to the entire working activities of AB Bank Limited. However, I had worked there in several departments, but I had to select an area of study in which I can make detail research and present my understanding in the report.…

    • 7040 Words
    • 29 Pages
    Powerful Essays
  • Good Essays

    Context Analysis

    • 3669 Words
    • 11 Pages

    Scenario (1): Your CEO is concerned about sexual harassment in the workforce. The present course is outdated due to court rulings. As a result, a consultant is engaged to revise the existing harassment awareness program for all the employees.…

    • 3669 Words
    • 11 Pages
    Good Essays