A REPORT ON FINANCIAL ANALYSIS OF AL-ARAFAH ISLAMI BANK LIMITED (AIBL)

Abstract

Al-Arafah Islami bank provides us a complete lifestyle. Main objective of Islamic lifestyle is to be successful both in our mortal and immortal life. Therefore in every aspect of our life we should follow the doctrine of Al-Qur’an and lifestyle of Hazrat Muhammad (Sm.) for our supreme success. Al-Arafah Islami Bank started its journey in 1995 with the said principles in mind and to introduce a modern banking system based on Al-Qur’an and Sunnah. A group of established, dedicated and pious personalities of Bangladesh are the architects and directors of the Bank. Among them a noted Islamic scholar, economist, writer and ex-bureaucrat of Bangladesh government Mr. A.Z.M Shamsul Alam is the founder chairman of the bank. His progressive leadership and continuous inspiration provided a boost for the bank in getting a foothold in the financial market of Bangladesh. A group of 20 dedicated and noted Islamic personalities of Bangladesh are the member of executive council of the bank. They are also noted for their business acumen. Al-Arafah Islami Bank Ltd. has 78 branches and a total of 1711 employees (up to December 2010). Its authorized capital is Taka 5000 millions and the paid-up capital is Taka 4677.28 millions. Wisdom of the directors, Islamic bankers and the wish of Almighty Allah make Al-Arafah Islami Bank Ltd. most modern and a leading bank in Bangladesh. The principal activities of the Bank are banking and related business. The banking business includes deposits taking, extending credit to corporate organization, retail and small & medium enterprise, trade financing, project financing, lease and hire purchase financing, issuance of local and international credit cards, inward foreign remittances etc. Marketing is not a recent phenomenon as it has been in existence since the first human entered into exchange relationship for improving his overall well-being and standard of living. So the banking companies are also practicing various marketing. This report is a result of my three month internship program where I have learnt many things that enriched my practical knowledge. This report contains a brief summary about AIBL’s information, its product and services, its activities, last four year financial ratio analysis, my duties at AIBL and financial highlights.