Analysis of Islami Bank Bangladesh Limited & Islamic Banking Industry of Bangladesh: An Internship Experience Perspective

Abstract

Real-world work experience can only be gained through an internship program. This curriculum might benefit from better coordination between theory and practice. This report is the result of a three-month internship at Islami Bank Limited (IBBL). During an internship, the author picked up a slew of banking skills and a thorough understanding of the system as a whole. In the first chapter, the author focused on the most important aspects and expanded them to encompass the entire report. Islami Bank Bangladesh limited’s strategic position is evaluated and presented in this research, as is my internship experience at IBBL. The paper's goals are to provide an overview of the Islamic banking sector using statistical data. As a result of the report's suggestions in Chapter 6, decision-makers in the organization will have fresh ideas for policy. As a result of this report's extensive examination of the industry's surroundings, everyone involved in the business will have a better grasp of the Islamic banking sector. A thorough examination of the Islamic banking industry in Bangladesh, including its obstacles to entry and challenges, can be found in the second chapter. Diagrams and charts have been used to examine the size, trend, maturity, and number of commercial banks in Bangladesh from an industrial perspective, which shows the country's commercial banking sector is expanding rapidly. Islami Bank Limited and the industry as a whole are examined in detail in the third chapter. Author's internship experience at Islami Bank Limited - Corporate Branch extensively is discussed in the fourth chapter. Also included is information regarding my job, tasks and responsibilities to departmental functions, as well my observations and assessments, which enabled me to develop recommendations. Conclusions and suggestions can be found in chapters five and six. IBBL's general banking performance has been the subject of recommendations from the author. IBBL can hire more personnel, grow its general banking department, while using cutting-edge technology to better serve its customers in order to obtain a competitive advantage and survive amid established competitors.