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Financial Performance Analysis of Shahjalal Islami Bank Essay

Prepared For: Kazi Md. Tarique
Assistant Professor
Department of Business Studies
Southeast University
Banani, Dhaka- 1212

Prepared By: Md.Al-Amin Khan
Program: BBA
Batch: 22nd
ID: 2009110000009
Major: Finance
Date of Submission: May 11,

LETTER OF TRANSMITTAL
Date: 11.05.2013
To
Kazi Md. Tarique
Assistant Professor
Department of Business Studies
Southeast University
Banani, Dhaka- 1212
Subject: Submission of Internship Report.

Dear Sir
It’s my pleasure to submit you my internship report on “Financial Performance Analysis of Shahjalal Islami Bank Limited.” I have completed my internship program in Shahjalal Islami Bank Ltd 03 February to 03 April 2013 as a part of my study. I appreciate that this approach really contributes in giving my course learning a lasting shape in me. I have put my best effort in completing the report with all the information that I have collected during my stay in Shahjalal Islami Bank Limited. I have great hope that the report will meet your expectation and aid you in getting a clearer idea about the
subject. Please do call me for any clarification regarding the report, if required.

Sincerely,

Md. Al-Amin Khan
ID: 2009110000009
Major: Finance
Batch: 22nd
Program: BBA
Southeast University, Dhaka-1212
Student Declaration

I am Md.al-Amin Khan hereby declare that the presented report of internship titled “Financial Performance Analysis of Shahjalal Islami Bank Limited” is uniquely prepared by me after completion of three months work in Shahjalal Islami Bank

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Limited.

My original work is submitted to Southeast University, and no part of the report has been submitted for any other degree or fellowship, & the work has not been published in any journal or magazine.

…………………….
Md. Al-Amin Khan
ID: 2009110000009
Batch: 22nd (Finance)
Bachelor of Business Administration
Southeast University

Supervisor Declaration

This is to certify that the title of internship report is “financial Performance Analysis of Shahjalal Islami Bank” This report is submitted in partial fulfillment of requirement for the degree of BBA program of Southeast University.

He is Md. Al-Amin Khan ID: 2009110000009 was my under supervision & guidance. He tried to nourish this report by giving precious information. No part of this report has been submitted for the part of other degree, diploma or fellowship & the work has not been published in any journal or magazine.

……………………………
Kazi Md. Tarique
Assistant Professor
Department of Business Studies
Southeast University
Banana, Dhaka- 1212

ACKNOWLEDGEMENT

At first I want to express my gratitude to Almighty Allah for giving me the strength, ability and opportunity to complete the report within the schedule time successfully. My sincere gratitude goes to my honorable internship supervisor and teacher Kazi Md. Tarique Department of Business Studies of Southeast University the report would not have been possible and such endeavor really deserves compliment. Thanks to him for giving me the opportunity as well as lot of advices to prepare this report which I think will enhance my skill and help the practical application of my knowledge in future.

I received cordial cooperation from the officers and members of staffs of Shahjalal Islami Bank, Mohakhali branch, Dhaka and the teachers and staffs of southeast University. I want to express my cordial gratitude to them for their cooperation without which it would not have been possible to complete the report.

I am really thankful to Dr. Sayem Ahmed, PhD, Manager of Mohakhali branch for giving me the excellent opportunity to do my practical coordination in this Department.

Organizational profile

shahjalal Islami Bank Limited (SJIBL) commenced its commercial operation in accordance with principle of Islamic Shariah on the 10th May 2001 under the Bank Companies Act, 1991. During last eleven years SJIBL has diversified its service coverage by opening new branches at different strategically important locations across the country offering various service products both investment & deposit. Islamic Banking, in essence, is not only INTEREST-FREE banking business, it carries deal wise business product thereby generating real income and thus boosting GDP of the economy. Board of Directors enjoys high credential in the business arena of the country, Management Team is strong and supportive equipped with excellent professional knowledge under leadership of a veteran Banker Mr. Md. Abdur Rahman Sarker.

Alhaj Anwer Hossain Khan
Chairman

Alhaj Md. Harun Miah
Vice Chairman
Alhaj Khondoker Shakib Ahmed
Vice Chairman

Alhaj Sajjatuz Jumma
Director
Alhaj Mohammed Faruque
Director
Alhaj Tofazzal Hossain
Director

Alhaj Md. Sanaullah Shahid
Director
Alhaj Md. Farooq
Director
Alhaj Mohammed Hasan
Director

Alhaj Md. Abdul Barek
Director
Alhaj Mohammed Solaiman
Director
Alhaj Syed Nurul Arefeen
Director

Alhaj Abdul Halim
Director
Alhaj Mohiuddin Ahmed
Director
Alhaj Akkas Uddin Mollah
Director

Alhaj Md. Towhidur Rahman
Director
Alhaj A.K. Azad
Director
Alhaj Mohammed Younus
Director

Alhaj Nazmul Islam Nuru
Independent Director
Mr. Mosharraf Hossain
Independent Director
Alhaj Md. Masud
Alternate Director

Alhaj Rukun Uddin Khan
Alternate Director
Alhaj Md. Abdul Mannan
Sponsor Director
Md. Abdur Rahman Sarker
Managing Director

Md. Emran Hossain
Company Secretary

Provisional Rate of Profit
Sl.
Deposit Product
Provisional Rate
01.
Mudaraba Savings Deposit
4.00%
02.
Mudaraba Special Notice Deposit

Average balance less than 1 crore
5.00%

Average balance 1 crore to less than 25 crore
7.00%

Average balance 25 crore to less than 50 crore
8.00%

Average balance 50 crore to less than 100 crore
8.50%

Average balance 100 crore and above
9.00%
03.
Mudaraba Term Deposit

i) 1 Month & 2 Months
10.00% – 12.00%

Up to Tk. 25 Lac
10.00%

Above Tk. 25 Lac to Tk. 50 Lac
11.00%

Above Tk. 50 Lac to Tk. 1 Crore
11.50%

Above Tk. 1 Crore
12.00%

ii) 3 Months, 6 Months & 1 Year
12.00% – 12.50%

Up to Tk. 25 Lac
12.00%

Above Tk. 25 Lac to Tk. 50 Lac
12.25%

Above Tk. 50 Lac to Tk. 1 Crore
12.50%

Above Tk. 1 Crore
12.50%
04.
Mudaraba Scheme Deposits

a) Monthly Income Scheme:

1 year
13.33%
(Tk.1,111/-per month per lac)
Tk. 1000/-net of tax

2-3 Years
12.66%
(Tk.1,055/-per month per lac)
Tk. 950/-net of tax

b) Multiple Benefit Scheme:

i) Double Benefit
12.12%
(Will be doubled in 5 years & 9 months)

ii) Triple Benefit
11.62%
(Will be tripled in 9.5 years)

c) Millionaire Scheme:

i) 5 Years
(Tk 12,050/ Per Month)
12.23%

ii) 10 Years
(Tk. 4,300/ Per Month)
12.02%

iii) 12 Years
(Tk.3,280/ Per Month)
11.25%

iv) 15 Years
(Tk.2,120/ Per Month)
11.30%

v) 20 Years
(Tk.1,080/ Per Month)
11.45%

d) Monthly Deposit Scheme:*

i) 3 Years
12.30%

ii) 5 Years
12.23%

iii) 8 Years
12.07%

iv) 10 Years
12.05%

e) Hajj Scheme:**

Up to 10 Years
12.05%-12.50%
*Monthly Deposit Scheme: Monthly installment and provisional amount payable at maturity (amount in Taka) Period
Installment

500
1,000
2,000
5,000
10,000
25,000
50,000
3 Years
21,850
43,700
87,400
2,18,500
4,37,000
10,92,500
21,85,000
5 Years
41,500
83,000
1,66,000
4,15,000
8,30,000
20,75,000
41,50,000
8 Years
81,000
1,62,000
3,24,000
8,10,000
16,20,000
40,50,000
81,00,000
10 Years
1,16,500
2,33,000
4,66,000
11,65,000
23,30,000
58,25,000
1,16,50,000
**Mudaraba Hajj Scheme Deposit: Monthly installment and provisional amount payable at maturity (amount in Taka) Year
Account opened in 2012

Monthly Installment
Expected Amount payable at Maturity to meet-up Hajj Expenses Monthly Rate

1
24,000
3,08,250
12.50%

2
12,000
3,28,450
12.45%

3
7,800
3,41,550
12.40%

4
5,750
3,58,250
12.35%

5
4,500
3,74,250
12.30%

6
3,650
3,89,250
12.25%

7
3,000
3,99,100
12.20%

8
2,500
4,06,600
12.15%

9
2,100
4,11,250
12.10%

10
1,800
4,19,450
12.05%

Last Update Date 2012: November 06,

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

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