Introductory Part CSR Of IBBL

PART 1-INTRODUCTORY
PART

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Introductory Part CSR Of IBBL

2.1 INTRODUCTION
Banks are the most important financial institutions in a modern economy. They are an integral
part of modern economic activities. They play a pivotal role in the development of a country.
They help accelerate the pace of development process by securing uninterrupted supply of
financial resources to people engaged in numerous economic activities. The role of banking is
comparable to what an artery system does in the human body. Main role of banks are financial
intermediation i.e. mobilization of funds from small depositors and allocate them to
entrepreneurs for investment.

Though, initially the major function of banking was to mobilize savings and transfer them to
entrepreneurs, over time they have come to perform a number of other functions as well. In
addition to offering their services for safe custody of money, and other valuables, they also offer
demand deposits, easy transfer of money, letters of guarantees, collection of utility bills, and
loans for consumer durables and investment. Because of the development such as credit cards,
ATMs, MCash etc it has become very easy to make payments through bank. In a modern
economy a large part of current incomes are deposited with the banks. Because of the facilities
mentioned above, people desire to get their money increased through investment and avoid
withdrawing except emergency. This phenomenon enables the banks to create money out of
money. They also help transfer of financial resources from surplus units to deficit units and,
hence, helps accelerate the pace of development by securing uninterrupted supply of financial
resources to people engaged in numerous economic activities.

The tremendous development that the world economy has experienced in the last few decades
was contributed by several factors among which, growing institutional supply of loan able funds
must have played the pivotal role. The role of banking is comparable to what an artery system
does in the human body. Both commercial banks and other development financial institutions
provide short, medium, and long-term credits to businesspersons and entrepreneurs who usually
take the lead in the venture of economic development. Therefore, Islamic scholars have dealt
with the theoretical foundations of the banking activities with a view to find alternative.

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2.2 RESEARCH AIMS

The main purpose of writing this report is to know about An Empirical Overview of
Corporate Social Responsibilities of Islami Bank Bangladesh Ltd.(Hajicamp Branch).
And also mention the, current performance and overview of Islami Bank Bangladesh limited.

SIGNIFICANCE OF THE STUDY

The significant of this study is important, because from this analysis readers can know about
An Empirical Overview of Corporate Social Responsibilities of Islami Bank Bangladesh
Ltd. From the very inception, it was the firm determination of Islami Bank Bangladesh Limited
to play a vital role in the Social economy. IBBL focused on all key areas covering advance,
clearing, foreign exchange, deposit, cash, accounts, and remittance with the competitive
commercial demand of time. Moreover, considering its coming future it is trying to develop
further development in every key area. So, management of remittance of banking is a major fact
of this report. All these information, which are included in this report, will help the management
to identify various scopes and limitations of the bank.
2.3Objective of the study

2.3.1 Broad Objective

The prime objective of this report is to study on the Corporate social responsibilities of
Islami Bank Bangladesh Limited (Hajicamp Branch).
2.3.2. Specific Objectives
In order to accomplish the broad objective following specific objectives are emerged:
- To analyze and evaluate the corporate social responsibility of Islami Bank Bangladesh
Limited.
-To relate theoretical knowledge to practical experience in several corporate social
responsibility.
-To present our observation and suggestions to the bank.
-To make ourselves more confident.

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Introductory Part CSR Of IBBL

-To know about the previous and present corporate responsibilities of IBBL.
- To recommend actions that may be necessary to CSR of IBBL.
2.4Scope and Limitations

2.4.1 Scope of the study

The scope of the organizational part covers the organizational structure, background, products
and services and the financial performance of Islami Bank Bangladesh Limited as a whole and
the main part covers corporate social responsibility of IBBL. This report helps interns to
understand clearly about corporate social responsibility of IBBL. It also helps interns to
understand how they help others with their corporate social responsibility program.
This report is only done for gathering information about corporate social responsibility of IBBL
by focusing on the Core object of Islami Bank. Its target is to ensure welfare of the country and
its all citizens irrespective of party, belief, religion and group under its Corporate Social
Responsibility (CSR) activities.

General banking section.

Investment section.

Foreign exchange and Foreign trade section.

Different Social Responsibilities

2.4.2 Limitations

Being required to complete the internship program and prepare the report timely we faced the
following limitations.

The major limitation was the sensitivity of the data. As it is a highly competitive market,
release of material information to competitors have negative impact on business. As a result,
in some cases management was reluctant to give some specific data.

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Six weeks is a very short period to scrutinize all the activities of all departments of a leading
banking company like IBBL.

Extreme work pressure restricted the officials to give us much time even if they had cordial
intentions to provide information.

Some questions were avoided or not exactly answered by the respondents may be because
of lack of clear idea.

Secondary sources of data relating to the banking industry in Bangladesh are very limited as
sufficient books, publications and journals were not available.

Being the report based on the experience of six weeks in IBBL, the findings may not be
considered as representative one.

Despite all these limitations, we have given the best of our efforts and tried to make the report as
informative and comprehensive as possible.

2.5 Ethical Considerations:

To provide fair treatment to all stakeholders.
To provide strict secrecy of customers accounts.
To provide adequate discloser of corporate information and operation results to
shareholders for taking suitable investment decision.
To ensure work under highly motivated team spirit and fellowship bond.