General Banking Activities of Al-Arafah Islami Bank Limited

Abstract

Al-Arafah Islami Bank Limited is scheduled commercial bank registered by the Bangladesh Bank. The functions of the bank cover a wide range of banking and functional activities to individuals, firms, corporate bodies and other multinational agencies. The main objective of the study is to give an overview of AIBL and identify the strength, weakness and critical risk factor of the foreign-exchange department of this bank. Data collected for the study in two different modes namely primary and secondary. Face to face conversation with the respective officer of the branch was the main mode to collect it primary data and for secondary data various publications and related body are observed. The main limitation of the study was time limit and authenticated data insufficiency. Officer of the bank are capable. Even though many of them simply know the working procedure of what they are doing but don't know the philosophy behind doing those. The synergy of dedicated manpower, technology, and market opportunity can lead the organization to achieve the goal; a bank must establish and hold fast to adequate policies, practices and procedures for evaluating the quality of asset and the adequacy of loan provision.