Professional Documents
Culture Documents
Introduction
1.1 Introduction
Banking system occupies an important place in a nations economy. A banking institution is
indispensable in a modern society. It plays a pivotal role in the economic development of a
country and forms the core of the money market in an advanced country. In recent times the
banking sector over the world has been undergoing a lot of changes due to deregulation,
technological innovation, globalization etc. Bangladesh banking sector is lagging far behind in
adopting these changes. To thrive well in this changing environment, not only development of
appropriate infrastructure is necessary but also infusion of professionalism in to banking service
is essential. The Banking sector is one of the highly regulated sectors in our country. It is
governed by the rules and regulation of Central Bank of the country i.e. Bangladesh Bank and
Security and Exchange Commission. The bank companies are forced to comply the best
accounting practices. It strictly follows International Accounting Standard (IAS) norms. It
publishes the financial statement every year getting it duly audited by recognized audit firms.
Every bank of our country has a division named Financial Administration Division (FAD) which
takes care of the accounting issues of the Bank. Most of the personnel who lead these divisions
are of accounting background. Among the accounting based FAD personnel who know the
banking operation better can contribute more in the banks.
Islami bank Bangladesh Limited is an unconditional and specialized financial institution which is
first of its kind in South East Asia performs most of the standard banking service and investment
activities on the basis of profit-loss sharing system conforming to the principles of Islamic
Shariah. Islami Bank does not pay interest to depositor. Instead depositors participate in the
profitability of the bank. The Bank participates in financing long-term projects on the basis of
profit-loss sharing instead of granting credit facilities with interest. IBBL also performs various
social welfare activities through its subsidiary organ named Islami Bank Foundation (IBF).
Career in Banking has become very lucrative over the last few years considering the work
environment and remuneration package. As a student of BBA, I cherish to be a banker and that is
why I had chosen a banking organization for my internship. I chose IBBL because it has a good
reputation in the banking community.
My internship program specially based on Islami Bank Bangladesh Limited and I want to focus
the convergence in lending (investment) performance between IBBL vs. other conventional bank
in Bangladesh. For my study purpose I choose National Bank Limited as an example of
conventional bank.
modern and technological means. I have also physically observed the effectiveness of the efforts
relating investment business effectively and efficiently managed by Islami Bank Bangladesh
Limited, Shyamoli Branch. Primary sources of data include the following:
Practical work experience,
Direct Interviews & Conversation
Official records
Observation of various organizational procedures
Expert opinion
Practical desk work
Direct observations
1.5.2 Secondary Sources Data: I have collected secondary data from the following sources:
Annual report of Islami Bank Bangladesh Limited.
Training sheets which are provided by Islami Bank Training and Research Academy
(IBTRA).
IBTRA Library.
Files & Folders of IBBL
Memos & Circulars of IBBL
Various publications on Bank,
Manuals of IBBL regarding investment business.
IBBLs website (www.islamibankbd.com).
Different circulars sent by Head Office and Bangladesh Bank.
The main constraint of the study was insufficiency of information, which was required
for the study. There are various information the bank employee cant provide due to
security and other corporate obligations.
All the branches of the bank were not physically visited and all the concerned personnel
of the bank have not been interviewed.
Lack of in-depth knowledge and analytical ability for writing such report.
Lack of experience.
Learning all the banking functions about the investment mechanism within just 60 days
was really tough.
Data and information used in this study are mostly from secondary sources.
Large scale research was not possible due to the constraints and restrictions posed by the
bank.
The report has encountered these limitations that may hinder the progress of the study but with
constant effort, I try to minimize the negative effects of these limitations.
Chapter-Two
An Overview of the
IBBL
Bangladesh also had the commitment to establish Islamic banks which was reflected in different
steps taken by the governments of the country. The OIC members consented to the proposals to
introduce Islamic economy and banking in their respective countries held in the foreign
ministers conferences in 1978 and 1980 in Dakar and Islamabad respectively. In the year 1981,
OIC in its 3rd summit held in Makkah approved the proposition submitted by Bangladesh to
introduce separate banking system following Islamic ideology. As per decision, the GOB sent
representatives to the Middle Eastern countries to learn the existing banking systems in those
countries.
In the private sector, the Islamic Economics Research Bureau (IERB) was the first organization
that took active initiative in this regard. They arranged a national seminar on Islamic Economics
and Banking in the year 1979 and inspired by the discussion and the papers presented in the
seminars, some local bankers formed Islami Bank Working Group. The IERB again arranged
an international seminar in 1980. After the seminar, Dhaka based Muslim Businessman Society
(later renamed as Industrialist and Businessmen Association) under the leadership of renowned
industrialist Abdur Razzaque Lasker, took initiative to establish an Islamic bank and applied to
the government for permission. At this stage, the GOB provided necessary permission in the year
1983 and at last Islami Bank Bangladesh was registered under Company Act in which 19
Bangladeshi national, 4 Bangladeshi institutions and 11 banks, financial institutions and
government bodies of the Middle East and Europe including IDB and two eminent personalities
of the Kingdom of Saudi Arabia joined hands to make the dream a reality.
10
alcohol, gambling, pork, etc. are prohibited). The Dubai Islamic Bank has the distinction of
being the world's first full-fledged Islamic bank, formed in 1975.
11
12
progress and continuous success has, by now, earned the reputation of being one of the leading
private sector banks of the country. The distinguishing features of IBBL are as under:
All its activities are conducted on interest-free system according to Islamic Shariah.
Its aims are to introduce a welfare-oriented banking system and also to establish equity
and justice in the field of all economic activities.
It extends Socio-economic and financial services to the poor, helpless and low-income
group of the people for their economic up lift ment particularly in the rural areas.
Its aim is to achieve balance growth & equitable development of the country through diversified
investment operations particularly in the priority sectors and in the less developed areas.
13
We will also try to encourage investment particularly in projects, which are more likely
to lead to higher employment.
14
Fuqaha and Economist members of the council, he should be able to draft such
innovating contracts, which will have the sanction of Islami principles and a banking law
of the land.
2.9.2Objectives of Shariah Council: The functions of the council are to offer views and
opinions on matters related to the bank from time to time. The council may require any paper
document from the bank and examine the same to see whether it is according to see whether it is
according to Islamic principles.
The shariah council assists the Board of Directors by advising them on matters related to
shariah.
The opinion of the majority of members is taken as the opinion of the council provided
that the said opinion is supported by at least three Muftis of the council.
The council maintains its secretariat and a well-equipped library as the Head Office of the
bank where it keeps proper records of all of its proceedings and decisions.
The council may whenever it thinks necessary, constitutes a subcommittee to help the
council.
2.10Strategic Objectives
To ensure customers' satisfaction.
To ensure welfare oriented banking.
To establish a set of managerial succession and adopting technological changes to ensure
successful development of an Islamic Bank as a stable financial institution.
To prioritize the clients welfare.
To ensure diversification by Sector, Size, Economic purpose & geographical location
wise Investment and expansion need based Retail and SME/Women entrepreneur
financing.
To invest in the thrust and priority sectors of the economy.
To strive hard to become an employer of choice and nurturing & developing talent in a
performance-driven culture.
15
General Banking
Investment
Foreign Exchange
16
Conventional Banks
Islamic Banks
The functions and operating modes of The functions and operating modes of Islamic banks
conventional banks based on manmade based on the principles of Islamic Shariah.
principles.
02
The investor assured of a predetermined rate In contrast, it promotes risk sharing between provider
of interest.
03
It aims at maximizing profit without any It also aims at maximizing profit but subject to
restriction.
04
Shariah restrictions.
It does not deal with zakat and does not pay In the modern Islamic banking system, it has become
any zakat.
05
in
partnership
business
is
the
interest is the fundamental function of the fundamental function of the Islamic banks.
conventional banks.
06
It can charge additional money (compound The Islamic banks have no provision to charge any
rate of interest) in case of defaulters.
07
In it very often, banks own interest It gives due importance to the public interest. Its
becomes prominent. It makes no effort to ultimate aim is to ensure growth with equity.
ensure growth with equity.
08
For
interest-based
commercial
The relationship of client is creditor and The relationship of client is partners, investors and
debtors.
10
traders.
A conventional bank has to guarantee all its Strictly speaking, an Islamic bank cannot guarantee all
17
deposits.
its deposits
Riba:
Dictionary Meaning: Arabic word Riba means increase, excess, expansion, addition, growth,
superior, increase of anything from its original amount.
Technical Meaning: It means interest, usury, sud etc. Riba is an increasing which is without
an equal counter value.
Definition of Riba: In Short sense Riba is a predetermined, fixed and time-related excess
over the above the principal of loan. In Broad sense, Riba technically refers to the premium
that must be paid by the borrower to the lender along with the principal amount as a condition for
the loan or for an extension in its maturity.
Profit:
Dictionary Meaning: Arabic word for profit means Ribhun. This means growth, surplus,
residual, addition to capital.
Definition of Profit: Profit is the difference between the value of production and the cost of
production which is Halal according to Islami Shariah. Profit on loss comes from investment in
business activities. Profit is the result of ownership transaction and risk following the four stages:
Result-Profit on loss
18
Riba
Profit
In case of riba the lender of capital The entrepreneurial profit of capital, labor
labor and time investment and risk- and the result of the investment and taking a
taking not only lend money.
risk.
02
03
04
05
06
07
19
2.15Corporate Information
Name of the Company
Legal Status
BL/DA/4290/83
376764873732
19011032134
Employees
13349
Total Branches
301
414
2000
03
Directors
15
Sponsors
36
Shareholders
60,857
MPB holders
23,272
Local Shareholders
32.49%
Foreign Shareholders
67.51%
Foreign Correspondents
723
Chairman
Company Secretary
Registered Office
Phone
Mobile
88-01711435638-9
FAX
88-029564532, 9568634
SWIFT
IBBLBDDH
info@islamibankbd.com
Website
www.islamibankbd.com
20
Shariah Supervisory
Committee
Risk Management
Committee
Board of Directors
Chairman
Review Committee
Executive
Committee
Audit
Committee
Islami Bank
Securities Limited
Islami Bank
Foundation
MANAGING
DIRECTOR
Shariah Secretariat
Board Secretariat
Division
Management
Committee (MC)
Asset Liability
Committee (ALCO)
Human Resources
Division
Operations
Wing
Corporate
Investment
Wing
Retail
Investment
Wing
Internationa
l BANKING
Wing
Development
Wing
Internal Control
& C compliance
Wing
ICT Wing
MDs Secretariat
VIGILANCE Squad
21
Risk
Management
Wing
Year
1985
1990
1995
2000
2005
2010
2013
2014
2015
13
49
90
116
169
251
286
294
301
22
23
Locker Services
ATM Services
M cash
I Banking
Online services.
24
Chapter-Three
Theoretical
Background
25
3.1 Introduction
The overall investment mechanism of islami bank Bangladesh limited is presented through an
overview of 3P of investment of IBBl. Here the three P stands for the Policy of investment, the
process of investment and finally the principles on which the investment is made. The diagram
below will clarify the concept.
Investment
Mechanism
of IBBL
Principles of
Investment
of IBBL
Policy of
investment
of IBBL
Process of
investment
of IBBL
26
SHARIAH
HONESTY
ACCOUNT
-ABILITY
TRANSPER
-ANCY
27
JUSTICE
MSA
MTDRA
NITA
MSNA
MFSA
MUDA
MHSA
SMSA
MSSA
FUND
MFCD
MSB
MMPDA
MNSB
MWCD
A
28
MIESA
Islami bank has several deposit schemes mentioned in the above diagram (Short forms).The bank
collects money from the general mass through this deposit accounts and accumulate the whole
fund to invest in the market. Currently IBBL has accumulated fund of 56 thousand cores.
(1)
SELECTION
OF THE
CLIENT
(2)
APPLICATION STAGE
(3)
(5)DOCUME
N-TATION
STAGE
APPRAISAL
STAGE
Process
(4)
(6)
SANCTION
STAGE
DISBURSEM
-ENT STAGE
(7)
(8)
MONITORING
RECOVERY
STAGE
STAGE
29
3.4.1 Selection of the client: First of the all client will approach the any branch of the IBBL and
will notify the manager that he wants to take a loan from the bank. Secondly the bank will
consider the five C of the client. After successful discussion between the client and bank, bank
selects the client for its proposed investment. It is to be noted that, neither the client nor the
customer must agree with the banks rules & regulation before availing investment. Generally,
Banks analyses the following five Cs of the client
COLLATERAL
CAPACITY
CAPITAL
CONDITION
CHARACTER
3.4.2 Application Stage: At this stage the bank will collect necessary information about the
prospective client. For this reason, bank informs the perspective client to provide and or fill duly
respective information which is crucial for the initiation of the investment proposal. Generally
here all the required documents for taking investment have to prepare by the client himself.
Documents that are necessary for getting investment of IBBL are prescribed below:
Trade license photocopy (For proprietorship).
Abridged pro forma income statement.
Attested copy of partnership deed.
Prior three years audited balance sheet for (joint stock Company).
Prior three years business transaction statement for the musharaka / mudaraba
investment.
Abridged pro forma income statement for the musharaka / mudaraba investment.
Attested copy of the memorandum of Association (MOA) & Article of Association
(AOA) for the joint stock company.
Attested copy of the Tax Identification Number (TIN)- including final assessment;
30
31
3.4.4 Sanctioning Stage: At this stage the bank officially approves the investment proposal of
the respective client .In this case client receives banks sanction letter. Islami bank Bangladesh
limited (IBBL) sanction letter contains the following elements.
Investment limits in million
Mode & amount of investment
Purpose of investment
Period of investment
Rate of Return
Securities.
Cash/Goods :
o Bai-Murabaha: 25% cash security on cost price to be subsequently
converted to goods security.
o TR (Trust Receipt): Without cash security.
Cash / Goods securities: In allowing Murabaha investment and amount of cash security is
generally realized from the client (amount depends on the nature of goods, creditworthiness of
the client, collateral security obtained etc.) Which is converted to goods security after purchase
of goods purchased out of banks investment and clients cash security is pledged to the bank,
kept under banks custody before its delivery to the client on payment. If for a Murabaha
investment cash security is fixed at 25% Banks investment stands 75% on the total goods
32
purchased. For example, if cost of total goods purchased is tk. 100000 bank investment will be
tk. 75000 and clients cash security will be tk. 25000.
Bank
Client
3.4.5 Documentation Stage: At this stage, usually the bank analyses whether required
documents are in order. In the documentation stage, Islami Bank Bangladesh limited (IBBL)
checks the following documents of the client:
Tax Payment Certificate
Stock Report
Trade License (Renewal)
VAT Certificate
Liability statement from different parties
Receivable from different clients
Other asset statement
AungykarNama
GhosonaPatra
Three (03) years net income & Business transactions
Performance report with the Bank
Account statement of from the bank
Valuation Certificate :
o Particulars of the proposal
o Particulars of the mortgage
o Particulars of the properties
Outstanding liability position of the bank
CIB (Credit Information Bureau) report.
33
3.4.6 Disbursement Stage: At this stage, bank decides tom pay out the money. Here the client
gets his/ her desired fund or goods. It is to be noted that before disbursement a site plan showing
the exact location of each mortgage property need to be physically verified.
3.4.7 Monitoring & recovering Stage: At this stage of investment processing of islami bank
Bangladesh limited (IBBL), bank will contact with the client continually, for example- bank can
obtain monthly stock report of the client in case of micro investment. Here the bank will keep his
eye on over the investment taker. If needed, bank will physically verify the clients operations.
Also if bank feels that anything is going wrong it tries to recover its investment fund from the
client.
Cash
Disbursement
Stage of
Documentation
Monitoring
Recording
34
BAI
MECHANISM
BAI
MURABAHA
BAIMUAJJAL
BAISALAM
SHARE
MECHANISM
ISTISNAA
IJARA
MECHANISM
MUDARABA
MUSHARAKA
HPSM
MECHANISM OF
INVESTMENT
35
36
Stock and availability of the goods is a basic condition for signing the agreement.
Therefore the bank must purchase the goods as per specification of the client to acquire
ownership of the same before signing the agreement with the client.
The bank must deliver the specific goods to the client on specific place time and date as
per the contact.
3.6.2 Bai-Muajjal: The term Bai- Muajjal has been derived from the Arabic words (Baiun and
Ajalun) meaning purchase and sale and a fixed period or fixed time respectively. It is contract
between a buyer and a seller under which the seller sells certain specific goods permissible under
the Islamic shariah and law of the land, to the buyer at an agreed fixed price payable at a fixed
future date in lump sum or within a fixed period by fixed installments. The seller may also sell
the goods purchased by him as per order and specification of the buyer.
Important Features of Bai-Muajjal:
It is permissible by the client to offer an order tom purchase by the bank particular goods
deciding its specification and committing himself to buy the same from the bank on BaiMuajjal i.e., deferred payment sale at fixed price.
It is permissible to make type promise binding upon the client to purchase from the bank
that is he is to either satisfy the promise or to indemnify the damages caused by breaking
the promise without excuse.
Cash / collateral security can be taken to guarantee the implementation.
Permissible to document the debt resulting from Bai-Murabaha by a guarantor, or a
mortgage, or both like any other debt. This may be taken on the time of signing of the
agreement.
Stock and availability of the goods is a basic condition for signing the agreement.
Therefore the bank must purchase the goods as per specification of the client to acquire
ownership of the same before signing the agreement with the client.
The bank must deliver the specific goods to the client on specific place time and date as
per the contact.
The price once fixed as per agreement and deferred cannot be further increased.
37
The Bank may sell the goods at one agreed price which will include both the cost price
and the profit.
Unlike Bai-Murabaha; the bank may not disclose the cost price and the mark up
separately to the client.
3.6.3 Bai Salam: The term Bai Salam has been derived from the Arabic words (Baiun and
Salamun).The word Baiun means purchase and sale and the word Salamun means advance. So
the word Bai Salam combindly means the purchase and sale or trading in advance payment. It is
contract between a buyer and a seller under which the seller sells in advance certain specific
goods permissible under the Islamic shariah and law of the land, to the buyer at an agreed price
payable on execution of the said contract and the commodities/ Products is / are delivered as per
specification, size, quality, quantity at a future time in a particular place.
Important Features of Bai-Salam:
In other words, Bai Salam is a sale whereby the seller undertakes to supply some
specific commodities / Products to the buyer at a future time in exchange of an advanced
price fully paid on the spot.
Here the price is paid in cash, but the delivery of the goods is deferred.
Bai Salam is a mode of investment allowed by Islamic shariah inn which the
commodities Products can be sold without having physical existence or the
physical/constructive possession of the seller. If the commodities or products is ready
for sale
Bai-salam is not allowed in shariah, and then the sale may be done either in BaiMuajjal or in Bai-Murabaha mode of investment.
Generally, Industrial and agricultural products are purchased / sold in advance under the
Bai Salam mode of investment to infuse finance so that production is not hindered due
to shortage of fund / cash.
It is permissible to obtain collateral security from the seller client to secure the
investment from any hazards of production. Non supply / partial supply of commodities
/ products etc.
38
It is also permissible to obtain mortgage and or personal guarantee from a third party as
a security before signing the agreement or at the time of signing the agreement.
Bai-salam on a particular commodities / products or on product of a particular field or
farm cannot be affected. For Agricultural product only.
The seller (manufacturer) client may be made agent of the bank to sell the goods
delivered to the bank by him provided a separate agency agreement is executed between
the bank and the client (Agent).
3.6.4 Bai-Istisna: Istisna is a contact between a manufacturer /seller and a buyer under which the
manufacturer/seller sells specific goods products after having manufactured, permissible under
Islamic shariah and the law of the land after having manufactured at an agreed price payable in
advance or by installments within a fixed period or on within a fixed future date on the basis of
the order placed by the buyer. some specific features of the Bai-istisna is given below.
Important Features of Bai-Istisna:
Istisna is an exceptional mode of investment allowed by Islamic shariah in which
products can be sold without having the same in existence. If the products are ready for
sale, istisna is not allowed in shariah. Then the sale may be done either in Bai-Murabaha
or in Bai-Muajjal mode of investment. In this mode, deliveries of goods are deferred and
payment of price may also be deferred.
It facilitates the manufacturer sometimes to get the price of the goods in advance, which
he may use as capital for producing the goods.
It gives the buyer opportunity to pay the price in some future dates or by installments.
It is a binding contact and no party is allowed to cancel the istisna contact after the price
is paid and received in full or in part or the manufacturer starts the work.
Istisna is specially practiced in manufacturing and Industrial sectors. However, it can be
practiced in agricultural and construction sectors also.
39
40
41
Hire purchase under shirkatul melk is a special type of contact which has been developed
through practice. Actually; it is a synthesis of three contacts.
Shirkat
Ijarah
Sale
This may be defined as follows: Shirkat: Shirkat means partnership. Shirkatul Melk means share in ownership. When
two or more persons supply equity, purchases an asset, own the same jointly, share the
benefit as per agreement and bear the loss in proportion to their respective equity, the
contract is called Shirkatul melk contract.
Ijarah: Ijarahas been derived from the Arabic word Air and Ujrat which means
consideration, return, wages or rent. This is really the exchange value or consideration,
return, wages, rent of service of an asset. Ijarah has been defined as a contract between
two parties, the Hire and the Hirer where the hirer enjoys or reaps a specific service or
benefit against a specific consideration or rent from the asset owned by the hire. It is a
hire agreement under which a certain asset is hired out by the hire to a hirer against fixed
rent or rentals for a specified period.
According to the majority of Fuqaha, there are three general and six detailed
elements of Ijara.
The wording
Contracting parties
Subject matter of the content
The hire (Muajjir)
The hirer (Mustajir)
The rent (Ajr or Ujrat)
42
Sale: This is a sale contract between a buyer and as seller under which the ownership of
certain goods or asset is transferred by seller to the buyer against agreed upon price paid /
to be paid by the buyer. Thus in hire purchase under shirkatul melk mode both the bank
and supplier provide equity in equal or unequal proportion for purchase of an Asset like
land building, machinery, transport etc. Purchase the asset with that equity money, own
the same jointly, share benefit as per agreement and bear the loss in proportion to their
respective equity. The share part or portion of the asset owned by the bank is hired out to
the client partner for a fixed rent per unit of time for a fixed period. Lastly the cells and
transferees the ownership of its share / part/ portion to the client against payment of price
fixed for that part either gradually part by part or in lump sum within the hire period or
after the expiracy of the hire agreement.
Stages of Hire Purchase Under Shirkatul Melk:
Hire and
Types of sale contact under the Hire Purchase under the Shirkatul Melk
HPSM through gradually transfer of legal title or ownership of the hired asset
HPSM through transfer of legal title (sale at the end of hire period for a token
consideration.)
HPSM through transfer of legal title (sale) at the end of Hire Period for
payment of a specified amount to the hire by the hirer.
HPSM through transfer of legal title (sale) period at the end of the hire term
for a price that is equivalent to the remaining Ijarah/rental instruction.
43
44
Real Estate Investment Scheme: Real Estate Finance plays a pivotal role in improving
standard of living, empowering the middle-income and lower-income groups and thereby
promoting equitable growth in the society. It does not only provide physical shelter but also
upgrade the lives of the dwellers in terms of skills enhancement, income generation,
increased security, health, self-confidence and human dignity. IBBL has steady growth in
the Real Estate Sector.
Car Investment Scheme: To enable officials, business houses and business executives
and professionals to move by transports in discharging their responsibilities punctually,
IBBL has introduced car investment scheme for the mid and high ranking officials of the
government and semi-government organizations, corporations, executives and directors of
big business houses and companies and also for persons of different professional groups on
easy payment terms and conditions.
Investment Scheme for Doctors: The scheme is meant for fresh medical graduates
intending to meet up medical centers. IBBL comes forward to their aid to help them
procure medical equipment or to set up diagnostic laboratory, pharmacy, clinic etc.
Small Business Investment Scheme: Small business persons and entrepreneurs of
different cities and villages get investment facilities from this scheme which is contributing
greatly to generate income and employment and to develop standard of life of different
segments of low income people. This bank provides different types of agricultural
instruments, equipment for operating small trade and finance, small shop, light transport,
photocopy machine, tailoring machine, machinery for small and cottage industry etc. under
this scheme.
Agricultural Implements Investment Scheme: Keeping the view of the peopleorientation and welfare objectives of the Bank, this scheme has been introduced to provide
powers tillers, power pumps, shallow tube-wells, thresher machines etc. on easy terms to
the unemployed rural youths for self-employment and to farmers to help them augment
production in the agriculture sector.
45
46
Investment
Classification
Unclassified
Investment
Classified
Investment
Classification Status
Length of Overdue
Rate of Provision
Unclassified
Below 3 months
1%
47
Sub-Standard
If a loan is not repaid of reschedule within the SMA period, it becomes sub-standard
loan. From this stage the loan is treated as defaulted. Interest is treated the same way as in
SMA. This classification contains where irregularities have occurred but such irregularities.
The main criterion for a substandard advance is that despite these technicalities or irregularities
no loss is expected to rise for the bank. These accounts will require close supervision by
management to ensure that the situation does not deteriorate further.
Doubtful
This classification contains where doubt exists on the full recovery of the loan and advance along
with a loss is anticipated but cannot be quantifiable at this stage.
If a loan is not repaid or reschedule within the sub-standard period, it becomes a doubtful loan
interest will be treated as before in this stage.
48
Chapter-Four
Analysis of
Investment Activities
49
2009
244,292
2010
291,935
2011
341,854
2012
417,844
2013
473,141
2014
560,696
19.5%
17.1%
22.23%
13.23%
18.51%
Table 4.1: Year Wise Trend of Deposits (Source: Annual report of IBBL)
TK in Million
Deposits
Year
50
Interpretation: There is an increasing trend of deposit of IBBL. From the above chart we can
see the graph (Figure 4.1) that the lowest deposit was TK 291,935 million in 2010and the
highest amount is TK 560,696 million in 2014 that year increased the deposit trend line and not
decreased. Because Customers are satisfied there service and IBBL has many branches and it
also rules follow to Islamic Shariah and then IBBL cant provide interest, so many customer
satisfy and trusted then they deposit the bank.
However, we can see the graph(Figure 4.2) that the growth rates of deposit of IBBL were
fluctuating. Growth rate of deposit 19.50% to 17.10% in 2010 to 2011 and this trend line was
decreased and also decreased 22.23% to 13.23% in 2012 to 2013 because in this year to
occurrence political instability, economic terminate and then break down the capital market so
the deposit growth rate decreased from 13.23% but in the next year 2014 the growth rate of
deposit increased 18.51%. But in the others year increased the growth rate of deposit 17.10% to
22.23% in 2011 to 2012 and also increased 13.23% to18.51% in 2013 to 2014. Because that year
some political instability and economic unrest so clients mental satisfaction about job which
helps to provide better customer service.
2009
214,615
2010
263,225
2011
305,841
2012
406,817
2013
403,195
2014
463,475
22.65%
16.19%
21.93%
9.09%
13.93%
Table 4.2: Year Wise Investment & Growth Rate (Source: Annual report of IBBL)
51
In Million TK
Trend of Investment
Year
Interpretation: There is an increasing trend of investment of IBBL. From the above chart we
can see the graph (Figure 4.3) that the lowest deposit was TK 263,225 million in 2010 and the
highest amount is TK 463,475 million in 2014 that year increased the deposit trend line and 2013
year some decreased TK 406,817 to 403,195 million. The reason of increasing trend of
investment because IBBL invest in diversified (including microcredit to large).The reason of
decreasing trend of investment in 2012 to 2013 the amount was TK 406,817 to 403,195 million
52
because that time IBBL faces many problems like as politically instability, economic unrest, lack
of proper utility facility.
However, we can see the graph (Figure 4.4) that the growth rates of deposit of IBBL were
fluctuating. Growth rate of deposit 22.65% to 13.93% in 2010 to 2014 and this trend line was
decreased. We can see in 2011 to 2012 the growth rate investment was increased in 16.19% to
21.93% and also increased in 2013 to 2014 the growth rate was 9.09% to 13.93%. The reasons of
increasing the growth rate investment are that year IBBL properly invested because economic
condition was good could not faces political problem. The reasons of decreasing in trend in this
year to occurrence political instability, economic terminate and then break down the capital
market so the investment growth rate decreased and also many new industry and factory came in
the market so the trend line decreased in the growth of investment.
Year
2010
2011
2012
2013
2014
Ratio
90.17%
89.47%
85.18%
82.35%
79.88%
Table 4.3: Year wise Investment to deposit ratio (Source: Annual report of IBBL)
53
Interpretation: The graph shows that investment to deposit ratio has fluctuated over the years.
In the graph (Figure 4.5) we have seen that the ratio has decreased from 90.17% in 2010 to
79.88% in 2014. The reasons of decreased because IBBL has hold deposits amount year by year
and then they have now surplus of money but they cant properly invested the money because
some of political unrest, economic terminate faces every year and then the IBBL securities are
strong all the investment documents. So, they cant find the good business holder to invest them.
We know if Investment increase and on the other hand total investment increased than ultimately
investment ratio decreased.
54
Mode
Bai-Murabaha
HPSM
Bai-Muajjal
Bill Purchased &
Negotiation
Quard
Bai-Salam
Mudaraba
Musharaka
Total
2013
Amount % to Total
(Million Investment
TK)
225,876
55.52%
95,481
23.47%
24,053
5.91%
29,686
7.30%
2014
Amount
% to Total
(Million
Investment
TK)
281,556
60.75%
109,941
23.72%
15,443
3.33%
30,424
6.56%
13,670
4,200
13,838
406,805
15,478
4,808
3,000
2,825
463,475
3.36%
1.03%
0%
3.40%
100%
3.34%
1.04%
0.65%
0.61%
100%
Table 4.4: Mode Wise Investment in 2014 (Source: Annual report of IBBL)
1%
7%
3%
3%
6%
56%
24%
55
24%
7%
3%
61%
Bai-Murabaha
HPSM
Bai Muajjal
Bill Purchased & Negotiation
Quard
Bai-Salam
Mudaraba
Musharaka
Interpretation: From the above graph (Figure 4.6 & 4.7) we can see that in the year 2013 and
2014, IBBL invested their maximum portion in Bai-Murabaha mode (56% and 61%) which is
amount of TK 225,876 and 281,556 million that means sale for which payment is made at a
future fixed date or within a fixed period in short, it is a sale on credit. The main reason is the
clients choose the Bai-Murabaha because it cant faces many documentation problem so clients
freely select the Bai-Murabaha. The second maximum portion of investment is in HPSM mode
which percentage are 24% both the year in 2013 and 2014.The HPSM mainly used in Ijara
mechanism so clients choose secondly the HPSM. The bank invests in other modes at lower
percentage. The lowest portion was invested in Bai-salam at 1%.Bai-salam cant choose many
clients because it uses export in outside country so clients face many problems in the documents.
56
2010
2011
2012
2013
2014
117,180
177,136
221,632
225876
281,556
54.60%
57.92%
59.43%
55.52% 60.75%
Table 4.5: Year Wise Investment in Bai-Murabaha (Source: Annual report of IBBL)
TK in Million
Investment in Bai-Murabaha
Year
57
58
2010
2011
2012
2013
2014
73,871
89,070
96,056
96,481
109,941
34.42%
29.12%
25.76%
23.47%
23.72%
Table 4.6: Year Wise Investment in HPSM (Source: Annual report of IBBL)
Tk in Million
Investment in HPSM
Year
59
Interpretation: There is an increasing trend of investment in HPSM of IBBL. From the above
chart we can see the graph (Figure 4.10) that the lowest deposit was TK 73,871 million in 2010
and the highest amount is TK 109,141 million in 2014 that year increased the deposit trend line
and not decreased. Because Customers are satisfied there service and then they cannot faces
many problem because HPSM documents some of papers are strong secured. So many customers
satisfy and trusted then they deposit the bank.
However, we can see the graph (Figure 4.11) that the percentage rates of total investment in
HPSM of IBBL were fluctuating. Percentage rate of total investment in HPSM are 34.42% to
23.72% in 2010 to 2014 and this trend line was decreased because in this year to occurrence
political instability, economic terminate and then break down the capital market so they properly
cannot invest the HPSM.
2010
7,318
2011
15,912
2012
18,295
2013
24,053
2014
15,443
3.41%
5.20%
4.91%
5.91%
3.33%
Table 4.7: Year Wise Investment in Bai-Muajjal (Source: Annual report of IBBL)
Tk in Million
Year
60
61
2010
2011
2012
2013
2014
2,095
5,614
9,156
13,670
15,478
0.80%
1.83%
2.46%
3.36%
3.34%
TK)
Percentage of Total Investment
Table 4.8: Year Wise Investment in Quard E Hasana (Source: Annual report of IBBL)
62
2010
2011
2012
2013
2014
3,624
3,528
4,532
4,200
4,808
1.38%
1.15%
1.22%
1.03%
1.04%
Table 4.9: Year Wise Investment in Bai Salam (Source: Annual report of IBBL)
63
64
Year
Investment in Musharaka (Million TK)
2010
12,244
2011
9,571
2012
13,719
2013
13,838
2014
2825
4.65%
3.13%
3.68%
3.40%
.61%
Table 4.10: Year Wise Investment in Musharaka (Source: Annual report of IBBL)
Investment in Musharaka
Interpretation: The graph (Figure 4.18 & 4.19) shows an upward trend in investment under
Musharaka. The graph shows fluctuating trend in investment under Musharaka, The investment
under Musharaka was 4.65% in 2010. However, the Musharaka investment as a percentage of
total investment has fluctuated from 2011 to 2014. Investment in Musharaka mode was 3.13% in
2011 and in 2014 it was decreased 0.61%. The reasons of decreased because in 2013 and 2014
65
situated have many problem like as political unrest, economic terminate, businessman are
withdraw their deposit so that year decreased the trend line.
Industry
Commerc
e
Real
Estate
Agriculture
Transport
SME
Others
247,350.99
Amount
(TK in
millions)
34%
In
Percentage
129,544.05
37,680.39
11,131.09
6,435.45
201,127
31,333.50
9%
8%
2%
1%
42%
4%
4%
34%
Industry
Commercial
Real Estate
Agriculture
Transport
SME
Others
42%
2%
1%
9%
8%
Interpretation: From above graph (Figure 4.20) we can see that in 2014, IBBL invested their
maximum amount in the sector of SME TK 201,127 million which is 42% of total investment,
TK 247,350.99 million in Industry sector which is 34% of total investment and comparatively
very poor investment in Real Estate 8%, Agriculture 2% than Transport 1% and Others 4%
respectively.
66
2013
Taka in
Million
238,916.31
82,622.00
27,662.71
33,602.06
4,963.02
8,298.81
10,739.64
406,804.55
Percentage
Divisions
2014
Taka in
Million
58%
20%
7%
9%
2%
2%
2%
100%
Dhaka
Chittagong
Khulna
Rajshahi
Barishal
Sylhet
Rangpur
Total
272,135.19
92,698.69
29,491.57
40,518.23
6,194.63
9,364.33
13,072.83
463,475.47
Percentage
59%
20%
6%
9%
1%
2%
3%
100%
2%
2% 2%
7%
9%
58%
20%
Dhaka
Chittagong
Khulna
Rajshahi
Barishal
Rangpur
Sylhet
6%
1%
2%
9% 3%
20%
2013
59%
Dhaka
Chittagong
Khulna
Rajshahi
Barishal
Rangpur
Sylhet
2014
Figure 4.21: Division Wise Investment
Interpretation: The above diagram shows that IBBL distribute a large portion of investment in
Dhaka Division both the Year in 2013 & 2014. In Dhaka Division IBBL distribute 58% & 59%
where bank distribute 20% in Chittagong both the year. Except Dhaka and Chittagong Division
the bank does not concern other division.
67
2013
2014
In Rural Areas
13%
5%
In Urban Areas
87%
95%
Table 4.13: Geographical Location Wise Investment (Source: Annual report of IBBL)
13%
Rural Area
Urban Area
87%
95%
2013
2014
Figure 4.22: Geographical Wise Investment
Interpretation: The above diagram shows that IBBL distribute large portion of investment in
urban areas both the year 2013 & 2014. But the bank does not concern in rural areas to distribute
the investment.
68
2010
2011
4,655.63
8,292.32
2012
2013
14,212.80 14,941.90
2014
22,807.24
Interpretation: From the above graph (Figure 4.23) it has been seen that, the amount of
classified investment are increasing over the years 2010 to 2014. Bank should try to give more
concentration to reduce their classified investment and to become more efficient in managing its
classified investment.
69
2010
2011
2012
2013
2014
1.77%
2.71%
3.81%
3.67%
4.92%
Interpretation: From the above figure it has been seen that, the percentage of classified
investment are increasing over the years. But it has slowly increased from 2010 to 2014. Bank
should try to give more concentration to reduce their classified investment and to become more
efficient in managing its classified investment.
70
2010
2011
2012
2013
2014
2,735
3,238
10,823
12,581
19,059
58.74%
39.04%
76.15%
84.20%
90%
Investment
Table 4.16: Bad or Loss as a percentage of Total Classified Investment
Interpretation: The above graph shows that bad or loss as a percentage of total classified
investment of IBBL is fluctuating from the year 2010 to 2014. From 2011 to 2014 the bad or loss
as a percentage of classified loans and advances has increased from 39.04% to 84.20%. The
reasons of increasing trend line because clients are satisfied and trusted the IBBL they cant
faces many problem on the other hand many new industry and factory comes in the market and
IBBL invested their company. The reasons of decreasing trend line in 2010 to 2011 because that
time political unrest, economic terminate and clients cant trusted the IBBL.
71
2010
2011
2012
2013
2014
1,840.00
3,054.00
6,054.35
9,037.80
13,354.72
Million Taka
Table 4.17: Provision kept against classified (Source: Annual report of IBBL)
Interpretation: The above figure shows the provision against classified investment of IBBL
from the year 2010 to 2014. The provision against classified investment has increased over the
year except 2010. It can be said that overall trend of provision is increasing.
72
2010
2011
2012
2013
2014
24,766.26
32,019.53
43,672.23
48,145.46
49,109.96
Million Taka
Table 4.18: Year Wise Income from Investment (Source: Annual report of IBBL)
Interpretation: The graph shows that the income from Investment has upward trend over the
years. The income from investment has increased from 24,766.26 in 2010 to 49,109.96 in 2014.
This indicates the efficiency of the investment of IBBL. The reason of increased the trend line
because IBBL has many clients they believe in Islam. So, they are deposits huge of money and
IBBL used their assets to invest and get a profit. So this reason amount of income from
investment was increased day by day.
73
2010
2011
2012
2013
2014
Percentage
10.08%
10.87%
12.21%
11.49%
9.86%
Interpretation: The above graph shows the return on investment of the total investment from
the year 2010 to 2014. The ROI of IBBL has decreased from 2012 to 2014. However, now The
ROI has decreased over the last three years. So this is a bad sign for the bank. The reason of
decreased the trend line because last three years IBBL faces many problem like as political
unrest, economic terminate and many businessman afraid some of reason so this reason the
percentage of ROI was decreased.
74
2010
2011
2012
2013
2014
49,337
100,991
176,107
173,660
201,127
22.99%
33.02%
47.22%
41.25%
42%
Table 4.20: Year Wise SME Investment (Source: Annual report of IBBL)
TK in Million
Investment of SME
Year
Interpretation: The graph shows that the investment in SME has upward trend over the years.
However, the investment in SME as percentage of total investment increased rapidly from 2010
to 2014.In 2013 percentage of investment in SME decreased 41.25% but the next year 2014 has
increased from 42.00%. The reason of decreased the trend line because last three years IBBL
faces many problem like as political unrest, economic terminate and many businessman afraid
some of reason so this reason the percentage of investment SME was decreased.
75
Chapter-Five
Major Findings,
Recommendations &
Conclusion
76
5.1 Findings
The main objective of the report is to analysis the investment activities of Islami Bank
Bangladesh Limited (IBBL). The study of investment activities of Islami Bank Bangladesh
Limited reveals the following major findings:
There is an upward trend in total deposit of Islami Bank Bangladesh Limited from 2010
to 2014 and the deposit of IBBL as growth rate has increased over the years from 13.23%
to 18.51% in 2013 to 2014 but in 2012 to 2013 the growth rate deposit was decreased
22.23% to 13.23%
There is an increasing trend of investment of IBBL. But the investment as percentage of
growth tare of total Investment has decreased over the years from 22.65% in 2010 to
13.93% in 2014. But the growth rate of investment was increased the year from 9.09% in
2013 to 13.93% in 2014. This upward trend of invest is positive sign for the bank.
There is a decreasing trend in investment to deposit ratio of IBBL is decreasing from
2011 to 2014. In 2014, investment to deposit ratio of IBBL is 79.88% and industry
average is 90.17%. So the bank should increase its investment from its deposit.
IBBL invested their major portion in Bai-Murabaha that is 56% in 2013 and 61% in
2014.
There is an increasing trend of investment in SME from 2010 to 2014. IBBL invested
major portion in SME.
IBBL invested their maximum portion in Dhaka division which percentage is 59%. The
second maximum portion of investment is in Chittagong division which percentage is
20%.
The classified investment as percentage of total investment has increased from 2010 to
2014. This increased trend line indicates that the recovery performance of IBBL is good.
From 2011 to 2014 the bad or loss as a percentage of classified loans and advances has
increased from 39.04% to 90%.
77
Also from the report, it is observed that IBBL has some problems as:
IBBL does not charge interest to invest in agriculture sector.
IBBL has a research division but not so strong.
The internal audit section of IBBL is very poor.
Lots of new banks are coming in the scenario with new service.
Local competitors can capture huge market share by offering similar products.
IBBL lacks well-trained human resource in some area.
IBBL lacks aggressive advertising
The procedure of credit facility is to long compare to other banks.
Employees are not motivated in some areas.
5.2 Recommendations
Putting recommendation is very complex for me with my short experience & knowledge but with
my shallow knowledge. Though Islami Bank Bangladesh Ltd. (IBBL) is performing well but it
has some crucial areas to improve which are prescribed below:
The growth rate of deposit of IBBL has increased over the years. Bank should give more
effort to maintain and improve its growth of deposit by increasing their branches,
providing more customer services like-prompt service, developing new savings scheme.
The growth rate of investment of Islami Bank Bangladesh Limited has increased in 2014
but Bank should try more to increase investment by enlarging its investment sectors.
In 2014, investment to deposit ratio of IBBL is 79.88% and industry average 90.17%. So,
the bank should increase its investment from its deposit.
Islami Banks in Bangladesh may expand their network in other division by expanding
branches.
As the major portion of classified investment is in bad and loss category and the portion
of bad and loss increased in recent years, the bank should try to reduce his portion.
78
5.3 Conclusion
Islam is a relation of peace and also a complete code of life. Allahsguidance extends into all
areas of our lives. Islam has given detail guidelines for our economic life. Therefore, Islami Bank
Bangladesh Limited (IBBL) is trying to set up the maximum happiness of the society by
maintaining the morality of Islamic Shariah which is based on Quran and Sunnah. Since
1983, IBBL is the pioneer in welfare banking in this subcontinent and it is trying to do all its
activities for the betterment of its depositors. For the greater interest of the depositors the
investment policy of IBBL is to invest on the basis of profit and loss sharing in accordance with
the tents and principles of Islamic Shariah. Profit earning is not the only motive and objective of
the banks investment policy rather emphasis is given in attaining social good and in creation
employment opportunities.
Investment mechanism and modes is recognized the world over as the main engine that runs the
economy, creating work not only for masons and managers, accountants & architects, but also
for makers and sellers of building materials. It means work for maintenances, security, cleaning
and other services work for makers and sellers of appliances, furniture and vehicles; work for
bankers and bureaucrats, lenders and lawyer. May suggest the following recommendations for
sound and success investment in the by Islami Bank Bangladesh Limited.
Everyday IBBL do their banking work with other conventional bank. In Bangladesh there is no
Islamic environment. It is one kind of problem to maintain Shariah base banking activity for
IBBL. Although IBBL facing some problems. It has bright future day by day. It is enhancing its
financial modes of over the country.
Finally, Islami Bank Bangladesh Limited (IBBL) has been established with a view to conduct
interest free banking to establish participatory banking instead of debtor-creditor relationship and
finally to establish welfare oriented banking through its investment operations that would lead to
a just society.
79
5.4 Bibliography
Books
Lawrence, J Gitman, Principle of Managerial Finance 12th edition.
Prospectors
Annual Report (2010-2014)
Handout Provided by IBTRA
Investment MECHANISM BOOK OF IBBL
Website
http://www.islamibankbd.com/
http://www.islamibankbd.com/
http://www.google.com.bd/
http://www.wikipedia.org/
http://www.assignmentpoint.com/
80
2010
2011
2012
2013
2014
10000.00
7413.12
1.99
16,081.14
2,594.59
28,400.03
291,934.60
275,493.94
20000.00
10007.71
1.99
17,792.50
3,202.47
33,716.73
341,853.67
322,772.83
20000.00
12509.64
1.99
24,116.47
3,152.25
39,780.35
417,844.14
399,930.79
20000.00
14636.28
1.99
26,512.48
2,634.53
43,760.68
473,140.96
474,015.95
20000.00
16099.91
1.99
28,.097.92
2,414.99
46,612.81
560,696.30
564,332.00
263,225.13
305,840.56
372,920.72
403,194.80
463,475.47
90.17%
89.47%
85.18%
82.35%
79,88%
443,684.79
330,586.12
6,748.44
502,613.05
389,192.12
7,100.19
592,580.50
482,536.32
14,808.23
664,554.96
547,229.63
15,732.81
765,241.27
652,422.04
15,926.36
256,804.90
18,559.80
9,840.20
28,400.00
15,348.08
257,564,30
23,401.24
10,315.49
33,716.73
20,012.14
311,511.60
28,249.95
13,803.20
42,053.16
24,933.30
319,215.90
32,222.40
13,189.60
45,487.38
29,274.89
378,742.72
35,025.95
13,543.92
48,569.86
32,199.82
5,287.58
11.06%
7,960.24
13.09%
10,901.96
13.49%
13,599.40
14.26%
10,695.59
12.83%
4,655.63
1.77%
8,292.32
2.71%
14,212.80
3.81%
14,941.9
3.71%
22,807.24
4.92%
1,840.00
3,054.00
6,054.35
9,037.80
13,354.72
3,443.00
3,996.00
3,935.90
3,371.60
3,625.48
930.00
1,120.00
1,100.45
1,137.20
1,128.20
24,766.26
32,019.53
43,672.23
48,145.46
49,109.96
10
11
12
13
Authorized Capital
Paid up Capital
Share Premium
Reserve Fund
Retained Earnings
Shareholders Equity
Deposits (including Bills Payable)
Investments (including Investment in
Shares
and Securities)
Investments (excluding Investment
in Shares
and Securities)
Investment Deposit Ratio (as per BB
guidelines)
Total Assets (including Contra)
Total Assets (excluding Contra)
Fixed Assets
Capital Measures
14
15
16
17
18
19
20
Assets Quality
21
22
Classified Investment
Classified Investment to Total
Investment
23
Provision against Classified
Investment
24
General Provision against
Unclassified
Investment
25
General Provision on Off Balance
Sheet Items
Operating Performance (Income
Statement)
26
Investment Income
81
27
28
Sl.
No
29
30
31
32
33
34
35
36
37
Particulars
Non-Investment Income
Total Income
Administrative & other Exp.
Total Expenditure Excluding
Provision
Provision for Investment, Off
Balance Sheet Items & Other Assets
Total Expenditure Including
Provision
Net Profit before Tax
Net Profit after Tax
Provision for Income Tax
14,471.89
10,294.37
18,401.22
13,618.31
25,870.43
17,801.80
30,975.19
17,170.27
30,650.27
18,459.69
2010
2011
2012
2013
2014
5,362.64
30,128.90
7,202.31
21,674.20
6,381.76
38,401.29
9,652.76
28,053.98
6,345.56
50,017.79
8,724.65
34,595.09
7,972.88
56,093.75
11,039.15
42,014.33
8,937.07
58,047.03
12,074.13
42,724.40
1,114.99
2,384.31
3,512.07
3,029.26
4,790.91
21,674.20
28,053.98
38,107.16
45,043.59
47,515.31
8,454.71
4,463.47
4,108.98
10,347.31
4,841.45
5,515.56
11,910.65
5,338.91
6,571.74
11,074.76
4,948.58
6,101.57
10,531.71
3,999.06
6532.65
246,281.00
148,421.00
214,629.00
609,331.00
301,207.00
178,244.00
236,607.00
716,058.00
284,588.00
197,095.00
300,915.00
782,598.00
285,890.00
205,269.00
286,956.00
778,115.00
316,971.00
222,753.00
308,722.00
848,447.00
295
919
58,923
10,349
251*
313
935
60,550
11,465
266*
320
676
60,302
12,188
276*
331
690
62,772
12,980
286*
597
723
60,857
13,574
294*
35%
6.02
3.57
90.00
7%
25%
4.84
3.87
83.98
8%
17%
4.42
3.65
59.00
8%
10%
3.40
3.07
45.00
15%
2.48
2.48
36.80
23.48
27.78
27.18
27.18
28.95
51.97%
8.65%
0.72
19.00%
1.47%
13.29
4.87%
52.08%
8.86%
0.73
17.42%
1.35%
11.27
4.03%
48.28%
9.32%
0.76
13.42%
1.27%
12.21
4.10%
44.80%
9.45%
0.75
11.36%
0.96%
12.35
3.79%
47.20%
8.55%
0.74
8.85%
0.67%
11.24
4.27%
Import
Export
Remittance
Total Foreign Exchange Business
Distribution Network
42
43
44
45
46
Shareholders Information
47
48
49
50
51
52
Cash Dividend
Stock Dividend
Earnings per Share (Taka) (original)
Earnings per Share (Taka) (restated)
Market Value per Share (Taka)
(Highest)
Net Assets Value (NAV) per Share
(Taka)
Efficiency Ratio
53
54
55
56
57
58
59
82