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wish etc.
8. To learn how to transfer the customer amount of money by payment order.
9. Face to face dealing with customers such as knowing them about their cheques books
status, account balance status.
10. To provide them the cheques books and activate it on software named STELAR.
11. To learn general ledger in every days transaction and how to write down the Voucher
(Debit/Credit voucher) in this ledger sheet.
12. To learn the locker services.
13. To learn Check Clearing in Bank wished by BACH Systems.
14. Update the old format account and call the account holder to provide their information.
15. Provide service on phone call such as cheques book status, account balance status etc.
3.1.2 Investment Department
In investment section it learns different mechanisms of investment. I had also passed this section
only for 10 days. Investment can be made by the Islami Bank under the following modes: BaiMurabaha, Bai-Muajjal, Bai-Salam and Hire purchase under Shirkatul Meelk (HPSM).
Figure: 3
Source: From www.google.com
Basically, they are provided the investment in Bai-Murabaha called like: Bai-Murabaha TR and
Bai-Murabaha.
Bai-Murabaha TR: Bai-Murabaha TR may be defined as a contract between a buyer and a
seller under which the seller sells certain specific goods permissible under Islamic Shariah and
the Law of the land to the buyer at a cost plus an agreed upon profit payable today or on some
date in the future in lump-sum or by installments. The profit may be either a fixed sum or based
on a percentage of the price of the goods.
Bai-Murabaha: "Bai-Murabaha" means sale for an agreed upon profit. Bai-Murabaha may be
defined as a contract between a buyer and a seller under which the seller sells certain specific
goods permissible under Islamic Shariah and the Law of the land to the buyer at a cost plus an
agreed upon profit payable today or on some date in the future in lump-sum or by installments.
Bank only the seller who is buy the goods or products and storage the warehouse and sell the
products to buyer part by part and buyer also pay the amount of money this products. This
mature time computed for only 1 year or 365 Days.
The profit may be either a fixed sum or based on a percentage of the price of the goods. BaiMurabaha agreement
In Investment the following documents are submit by the Clients from investor. This Document
may call Charge Document or Disbursement Document.
Customer may provide:
1. Know the customers details
2. Collect the NID card photocopy, Trade license, T.I.N, VAT certificate, Membership
Certificate etc.
3. Two copies of recent passport size photo.
4. Receipt the customer application form with own organizational pad with attested seal and
signature.
5. Receipt the product sellers Bill and Quotation
6. Receipt an empty cheque or payment order with buyers signature.
7. Personal guarantee of the owner of the property/propriety.
8. Last couple of years buying and selling information, Balance sheet.
9. List of Debtors and Creditors.
10. Store goods information
Bank may provide:
1. Demand Promissory note.
2. Demand Promissory Delivery letter.
3. Letter of Disbursement
4. Balance confirmation letter
5. Letter of confirmation letter
6. Bai-Murabaha Agreement
7. Agreement for pledge of goods
8. Letter of Hypothecation
9. Trust Receipt (TR)
10. Letter of Guarantee
11. Letter of Authority
12. Letter of Continuity
13. Letter of Agreement
14. Delivery letter
In investment section I complete the application from and check the necessary documents are
given or not.
3.1.3 Foreign Exchange Department
Lastly, I had passed this section for 10 days; its a great opportunity and also experience for me
which may I concern and learn about Foreign Exchange Department with successfully. It works
same of time in Foreign Exchange section of my internship period. Foreign Exchange
department divided with 3 sections Import, Export & Remittance section. In Import section the
work was completes the LCAF by given information about Performa invoice, Commercial
Invoice and other necessary documents. Foreign Exchange department is highly sensitive sector
in every bank because Bangladesh Bank directly involve in this sector. So every employee is
more conscious about their work.
The following essential terms should be incorporated in the text of L/C at the time of opening it.
In Import & Export documents are collecting from customers for LC Opening- like:
1.
2.
3.
4.
5.
6.
7.
Application Form
Trade License
TIN Certificate
VAT Certificate
Import & Export Registration Certificate from CCI&E
Association of Business Membership Certificate
No Objection Certificate