Islamic Economics and Banking

Topics: Deposit account, Board of directors, Fractional-reserve banking Pages: 5 (912 words) Published: November 20, 2011
Islamic Economics and Banking

Title Fly

Prepared For
Kazi Md. Tariq
Course Instructor
School of Business Studies
Course Code: MKT-

Prepared By

Sara Binte Shafi ID: 2007210000023
Najnin Aktar Nirjhar ID: 2007210000038
Alina Jaman ID: 2007210000065

Letter of Transmittal
April 1, 2010
Kazi Md. Tariq
School of Business Studies
Southeast University
Dear Sir:
Here is the assignment on “Islamic Economics and Bank” you asked us to conduct in this semester. In this assignment, we have tried to present the entire requirement you asked for. The task is done by your observation and procedures are followed according to your instruction. We appreciate having this assignment. We prepared this assignment with sincerity and serious effort. Thank you for providing us the opportunity to prepare this. We are really grateful to you for giving us the scope of preparing this assignment under your observation. We have enjoyed preparing this assignment and presented it for your judgment. Thank you.

Sincerely yours,

On behalf of the group members


At first particularly we are thankful to the almighty Allah for blessing us and give us the ability to complete this assignment.

Marketing Management is really an interesting course and attending a assignment like this leaves us with a store of knowledge. This type of assignment will help us in our future job. We are thankful to our course teacher Kazi Md. Tariq for teaching us this interesting course so easily, that we can understand properly. It is an important course for Business students. The teaching style of Kazi Md. Tariq is very nice and examples given by him throughout his lecture are very much realistic. So it helped us to understand the topics of this course easily.

At last we would like to thank our classmates. Outside the university we are very much grateful to all of people who help us in this journey. These persons and our course teacher helped us to prepare this assignment. We are very indebted to them.

Banking and Shahajalal Islamic Bank
Company Overview
Corporate Profile: 
Shahjalal Islami Bank Limited, a leading Shariah based Islami Bank of Bangladesh, was established as a public limited company on 01 April,2001 under the Companies Act 1994 and Bank Companies Act 1991.The Bank commenced its commercial operation on 10th May,2001 by opening its first branch-Dhaka Main Branch at 58, Dilkusha C/A,Dhaka.  The Bank is presently manned by 935personnel(Officers-684 & Sub-staff-251) with 16 Divisions / Departments and 33 branches including 13 AD branches, 5 SME Centres & 1 OBU across the country.  Of the total 33 branches,20 branches are located in and around Dhaka metropolitan City, 4 in Chittagong zone, 4 in Sylhet zone and rest 5 branches are located- one each in Khulna/Jessore/Rajshahi/ Saidpur and Mymensingh. The SJIBL is listed with both Dhaka Stock Exchange and Chittagong Stock Exchange.The Bank raised its paid up capital to TK. 1871.65 million in April 2007 by issuing shares to the general public amounting to  TK. 935.83 million through initial public offerings(IPO). 

The bank was established by a group of local renowned entrepreneurs having rich exposure in Commerce & Industry. 

Ownership Pattern: 
The SJIBL had 18716,500 ordinary shares and of which 19 sponsor shareholders were holding 50% and general public shareholders were holding 50% of the total shares as on 31-12-2007. The Board of SJIBL consist of 13 members including the Managing Director and among them, 11 members are from sponsor shareholders. The bank has also appointed one Independent Director.  The Chairman of the Board of Directors is Alhaj Akkas Uddin Mollah while Alhaj Md. Hasan and Alhaj Syed Nurul Arefeen are Vice-Chairmen of the Board Of Directors.  The Board formed two committees namely 

Executive Committee and Board Audit Committee....
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