Internship Report on AIBL

Abstract

The Islami Financial System is becoming more and more popular across all cultures, races, and religions. There are more than 300 financial institutions around the world that provide Islamic banking services. Eight Islamic financial institutions in our country are fully functional. Following the teachings of the Holy Quran, Al-Arafah Islami Bank Limited (AIBL) was established on September 27, 1995. Islamic Shariah, which AIBL adheres to, forbids charging interest on loans. AIBL's loss-and-gain products are becoming increasingly popular. To build a banking system with a focus on social justice, AIBL provides low-income people with employment opportunities. Based on social and national needs, the bank funds "Halal" enterprises. The bank contributes to public works projects and initiatives that foster economic growth and new job opportunities. The bank helps the economy by providing services in 148 locations across Bangladesh. In my internship report, different departments, and activities of AIBL will be discussed and recommendations that can improve their services and efficiency will be made.