Professional Documents
Culture Documents
Islamic Banking:
Islamic banking has been defined as banking in consonance with the philosophy
and value system of Islam and governed, in addition to the conventional good
governance and risk management rules, by the principles laid down by Islamic
Shariah. Interest free banking is a narrow concept denoting a number of banking
instruments or operations, which avoid interest.
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The forms of businesses allowed by Islam at the time the Holy Quran was
revealed included joint ventures based on sharing of risks & profits and provision
of services through trading, both cash and credit, and leasing activities. In the
Verse II:275, Allah the Almighty did not deny the apparent similarity between
trade profit in credit sale and Riba in loaning, but resolutely informed that Allah
has permitted trade and prohibited Riba.
Profit has been recognized as reward for (use of) capital and Islam permits
gainful deployment of surplus resources for enhancement of their value. However,
along with the entitlement of profit, the liability of risk of loss on capital rests
with the capital itself; no other factor can be made to bear the burden of the risk of
loss. Therefore, financial transactions, in order to be permissible, should be
associated with goods, services or benefits. While at micro level this feature of
Islamic finance leads to generation of real economic activity and stable growth, at
macro level it can be helpful in creating better discipline in conduct of fiscal and
monetary policies.
Besides trading, Islam allows leasing of assets and getting rentals against the
usufruct taken by the lessee. All such things/assets corpuses of which are not
consumed with their use can be leased out against fixed rentals. The ownership in
leased assets remains with the lesser that assumes risks and gets rewards of his
ownership.
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IJARAH
Ijarah is a contract of a known and proposed usufruct against a specified and
lawful return or consideration for the service or return for the benefit proposed to
be taken, or for the effort or work proposed to be expended. In other words,
Ijarah or leasing is the transfer of usufruct for a consideration which is rent in case
of hiring of assets or things and wage in case of hiring of persons.
ISTISNA A
It is a contractual agreement for manufacturing goods and commodities, allowing
cash payment in advance and future delivery or a future payment and future
delivery.
MUSHARKAH
Musharkah means a relationship established under a contract by the mutual
consent of the parties for sharing of profits and losses in the joint business. It is
an agreement under which the Islamic bank provides funds, which are mixed with
the funds of the business enterprise and others. All providers of capital are
entitled to participate in management, but not necessarily required to do so. The
profit is distributed among the partners in pre-agreed ratios, while the loss is
borne by each partner strictly in proportion to respective capital contributions.
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Islamic Banking products have been approved by the Bank's Shariah Advisor. As
per Shariah requirements, funds and products of Islamic Banking are managed
separately from the Conventional Banking side. All funds obtained, invested and
shared in Halal modes & investments, under supervision of the Shariah Advisor.
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Vision
Mission
To be An Islamic banking offering a one-stop for innovative value-added
products and services to our customers within the bounds of Shariah, while
optimizing the stakeholders value through an organizational cultural based on
learning, fairness, respect for individual enterprises and performances.
Goal of my internship:
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Branch Network
1. Rawalpindi Branch
2. Peshawar Branch
3. Queeta Branch
4. Multan Branch
5. Faisalabad Branch
6. Gujranwala Branch
7. Sailkot Branch
8. Islamabad Branch
Lahore Branches
9. Cavalry Ground Branch
10. Gulberg Branch
11. DHA Branch
Karachi Branches
12. Jodia Bazar Branch
13. DHA Branch
14. North Nazimabad Branch
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Branch Manager
Zahid Ibrahim
Manager
Operation Department
(Mr. Muhammad Awais)
Incharge Foreign
Trade
(M. Atif Khokhar)
INCHARGE CAD
(Mr. Bilal Humayun Butt)
Officer Corporate
(Muhammad Bilal
Mehar)
Cash Officer
(Zohaib & shaista Begum)
Incharge Remittances
(Mr. Shahzad)
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Term certificates:
All terms and conditions are same but difference in all terms of time period
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Service Quality:
Askari Islamic bank is committed to delivering its Products and Services within
the highest service quality parameters. The Bank prides itself for the restless
pursuit of excellence in all the spheres of its activities.
The defining value in Islam itself to inculcates, in the essence the source of what
Service Quality itself means. Honesty, Complete transparence, Effective delivery,
Fair pricing, Respects and Recognition for the consumer are all clear aspects of
our faith and belief.
The Service Quality mission of Bank itself clear defines the parameters of this
goal:
To delivered Service Cultural which ensures the consistent of our Products
and Service, within the highest Service Quality service parameters,
promoting Islamic values and ensuring recognition and quality banking
experience to our customers.
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Hierarchy of Departments
Operations
Clearing
Cash
Accounts
Opening
Accounts
Credit Admin
Corporate
Car Ijarah
Trade Finance
Import
Export
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Foreign Exchange
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Operation
Department
Customer service
Remittances
Accounting
Opening
Accounts
Cash
SUPERVISING
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Operation department.
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I worked first week for operation department. And different department in-charges
guided me in the different working fields. The first section I started work
in account opening and clearing section. Sir Safdar helped me and told me
how to account open and also told me what types of documents are require
for the account opening procedure.
During this practice I filled the account opening forms and issuance the cheques
book to the account holders. It is also called the Customer Service Section.
In the Bank the first step is Account Opening. It is contractual agreement between
bank and customer after which both concerned parties indulge in a mutually
beneficial business relationship. And both are interact directly. If the any person
who wants to transaction through the Bank firstly he opens the account than he
can proceed further.
Types of Accounts
1. Askari Halal saving Account
2. Current Account:
3. Basic Banking Account
Documents Requires
I practically saw all the necessary documents which are required for
opening of Account.
Individual Account:
Copy of CNIC/NICOP/POC
Students Account
All the documents which are necessary for the Individual Account that are
same for the students Account but a little bit documents are different that are:
Students ID card
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Board Resolution
List of Directors
Partnership account
Partnership Deed (certified copy)
Letter of Authority & Mandate
Copies of CNICs of all partners
Account Opening Request.
Proprietorship account
Copy of CNIC.
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is filed in Account closing file. Cheques book is returned back to bank and the
officer cancel and the remaining cheques in cheques book.
Account Opening
Form
Introduction
Cheques Book
Application
Account
Number
System Input
SSC
ID card Verification
Completion Account
Issuance of Cheques
Book
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Clearing
OBC
Inward
Outward
Intercity
In intercity section the Cheques are drawn to other bank that is out of cities by
ABL-IBB In intercity NIFT directly present Cheques in the concern bank if
clearing then the bank clearance stamp on this Cheques and State Bank
transfer amount to the other banks account. NIFT charges on this RS. 150.
Bank gets commission on it RS.250 per Cheques.
Local
Local clearing is free means that bank does not charge by its clients for clearing
and pay for it by self. It can be said that it is free for customers.
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Inward
Inward Clearing means the Cheques drawn from ABL-IBB another banks. Where
as clearing branch to branch is done through online.
Outward
In outward clearing I saw how the Cheques drawn on other banks with in city
ABL-IBB.
Services Charges
NIFT perform all clearing services Intercity and local both. It charges for return
report and clearance report RS.150.
Return report means if Cheques is not clear by other bank NIFT returns
this to the particular bank.
Stamps
Three types of stamps are pasted on Cheques at the time of clearing. Those two
stamps are:
1. Crossing stamp
2. Clearance stamp
3. Pay account will be credited on realization
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Crossing stamp used for ownership whereas Clearance stamp used for clearing
that indicate that this Cheques complete in all aspects and fulfill all
requirements.
Check the pay-in slip and counter foils are correctly filled in.
Put the banks special crossing stamp & clearing stamp of the next day
Banker discharge
Realization entries.
Account Department:
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It deals with
account), day to day expenses, postage expenses, taxes, Debit, credit, ledger
accounts and received mail from courier and passed the entries in register for
record. This department also performs account verification means that when
the account opening form come from the customer service department this
particular department verify that whether this form is complete or not. If
complete then send letter of thanks to accountholder house if not then come
back to the customer service department. It counts the total debit and credit in
the whole working report of the bank. Practically I worked in this department
passed the entries in recording register.
Account department responsible to manage the following
Transfer Entries:
Local transfer:
Local transfer is the transfer of funds from one account to another within branch.
Day to day expenses include:
Office stationary
Office equipment
Advertising expenses
Electricity bills
Gardener salary
Telephone bills
OSC
TCS
DHL
When all these expenses are occurred account department present these through
expense vouchers.
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Supervising
Sir Awais Chisti is responsible of the entire Operation department and supervises
rechecks all the activities of the operation department. If he realizes any mistake
in any activity, then he returned it to the concern section for remove the
deficiency and after supervised this finally.
At the end of the day the related person In-charge checks all the activities to the
Operation Department Head (Sir Salman warrich) but in the day routine if any
discrepancy exist then he solves it at that time.
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Corporate:
Corporate deals with funded and non funded facility. In other
words it can be said that it covers with both long-term and shortterm requirements.Murabaha meet working capital needs whereas
Ijarah and Diminishing Musharkah fulfill long-term financing
requirements for plant and machinery. Corporate is divided into the following
Categories:
Corporate
Non-Funded
Funded
Funded
Murabaha
Ijarah
Diminishing
Musharkah
Non- Funded
Sight LC
Usance LC
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Murabaha:
The Murabaha transaction was prevalent in the day of
Prophet
Where the transaction is done on a cost plus profit basis i.e. the seller
discloses the cost to the buyer and adds a certain profit to it to arrive at the
final selling price
The distinguishing feature of Murabaha from ordinary sale is: the seller
discloses the cost to the buyer and a known profit is added.
Be in existence,
Valid Sale:
A valid sale contract exhibits two features:
Murabaha:
The profit may be added: On a lump sum basis & as a percentage of cost
Payment of Murabaha price may be
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1) At spot
2) In installments
3) In lump sum after a certain time
Hence, Murabaha does not necessarily imply the concept of deferred
payment.
believers! Intoxicants and gambling and Al Ansab (Animals sacrificed for idols)
and Al Azlam (arrows for seeking luck or decision) are an abomination of Satan's
handiwork. So avoid them in order that you may be successful. Satan wants only
to excite enmity and hatred between you with intoxicants and gambling and
hinder you from the remembrance of Allah and from prayer. So, will you not
then abstain? (Al Maidah 90 91)
Whoever buys foodstuff let him not sell it until he has possession of
them. (Bukhari)
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He who purchases food shall not sell it until he weighs it. (Muslim)
The Prophet forbade the sale of grapes until they become black and the
sale of grain until it is strong. (Bukhari, Muslim, Abu Dawood,
Tirmidhi)
Bank
Agreement to
Murabaha
Clien
t
Step # 2
Client appointed as agent to purchase goods on banks behalf.
Bank
Agreement to
Murabaha
Clien
t
Agency
Agreement
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Step # 3
Bank gives money to agent/supplier for purchase of goods.
Bank
Agreement to
Murabaha
Client
Agency
Agreemen
t supplier
Disbursement to the agent or
Suppli
er
Step # 4
The agent takes possession of goods on banks behalf.
Transfer of
Risk
Vendor
Bank
Delivery
of goods
Agent
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Step # 5
Client makes an offer to purchase the goods from bank through a declaration.
Client
Bank
Offer to
Purchase
Step # 6
Bank accepts the offer and sale is concluded.
Murabaha Agreement
+
Transfer of Title
Client
Bank
Step # 7
Client pays agreed price to bank according to an agreed schedule. Usually
on a deferred payment basis (Bai Muajjal)
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Bank
Payment of Price
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Client
Documentation:
There are a number of documents involved in a Murabaha financing transaction.
The most essential of these documents are:
Agency Agreement.
Description of assets.
Declaration.
Master Murabaha:
Its an agreement between the client and the Bank whereby the client
agrees to purchase goods from the Bank from time to time as per the terms
and conditions of this agreement.
Agency Agreement:
The client is appointed by the Bank as its agent to purchase goods. This
agreement needs to be signed once between the client and the bank.
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At this stage the specific details of the assets must be known i.e. quantity,
quality etc.
Import Murabaha:
The customer opens the LC from ABL-IBB as an agent of the Bank (i.e.
places order with the foreign supplier on behalf of ABL-IBB.
ABL-IBB sells the goods to the customer on Murabaha (i.e. cost plus
profit basis)
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Trade
Finance
Car Ijarah
What is Credit?
We do not dish out the money to everybody. For bankers it is a matter of
That the transaction booked will prove rewarding for the bank.
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Ability.
Solvency.
Foreign Trade
Export
Import
Remittances
Export:
There are following three basic modes of export:
Export by Negotiation
Collection:
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Exporter comes to the bank to issue E-FORM for shipment. Shipment goes first
then foreign bank sends money to the exporters bank. All the risk bear by
exporter in collection base export.
E-FORM copy.
Shipment goes
After shipment, Exporter comes to the bank and returns the Bill Of Lading
and copy of all other documents. Bank keep triplicate E-FORM copy and
give the Quard duplicate to the exporter.
Advance Payment:
Foreign bank sends money to the exporter on the account of export advance
payment. Exporters bank receives the payment and asks the exporter to give
the purpose of this payment. Get the Advance Payment Voucher signed by
the exporter and finally realize the payment
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Exporter fills E-FORM and returns it to the Bank with other shipping
documents.
Shipment goes.
Exporter comes to the bank and returns the Bill Of Lading and copy of all
other documents. Bank keep triplicate E-FORM copy and give the Quard
duplicate.
Negotiation:
Exporter comes to the bank and submits the shipping documents along with
LC (letter Of Credit) exporter bank received the documents with LC. Checks
the documents with LC, take indemnity or guarantee from the exporter and
after approving from the branch manager and head office, gives value of the
documents to the exporter. In other words negotiation means payment of
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Advance Payment
Without LC.
Foreign
sends
Without LC.
bank
money.
Payment
With LC.
bank
comes
Payment
comes
first.
Payment comes
first.
first.
goes
Exporters bank
gives money.
sends money.
after shipment.
Shipment
Foreign
Negotiation
Shipment
goes
Shipment goes
after.
after.
Shipping Documents
Shipping documents are the documents that must required for export/import.
1) Commercial invoice
2) Packing list
3) Shipping certificate
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4) Certificate of origin
5) Bill of lading
These are the documents that are required for all types of export.
URC 522 (uniform rules for collection). Foreign Trade done all over the
world according to the rules and regulations of URC 522.
Terms of contract/sale:
In negotiating a contract, an exporter must determine who is to meet the various
charges as they are incurred. The more common terms of contract are:
1. CIF
2. C & F
3. FOB
Commercial invoice.
A full set of bills of lading marked Freight Paid evidencing that the
goods have been shipped on board the carrying vessel, or alternative
documents of title to the goods.
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It means that the price will include the cost of goods and freight paid in
connection with the delivery of goods on board the carrying vessel for unloading
at the port or airport of destination named in the contract. Documents needed are:
Commercial invoice.
A full set of bills of lading evidencing that the goods have been shipped on
board the carrying vessel and stating that freight has been paid by the
exporter.
Import:
There are three types of import:
1. Letter of credit
2. Firms contract
3. Advance payment
LC:
Letter of credit means guarantee to pay by the issuing Bank if either of the parties
(importer or exporter) defaults/unable to pay at sight (immediately /arrival of
documents) or at payment in due date in acceptance.
Types of LC:
1. Sight LC
2. Usance LC (day acceptance)
Differences between the Sight and day acceptance LCs:
In Sight LC payment within 7 days whereas in Usance LC payment at maturity
date.
LC Process:
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Related field In-charge told me about the process of LCs and what
types of steps are involve in it. Those steps are:
1. LC issuance
2. LC lodgment
3. Retirement
LC Issuance:
Issuance of LC the following steps are necessary:
1. The importer submits Performa invoice and signs LC application form on
the basis of Performa invoice to the LC issuing bank.
Issues the LC, one copy is send to the SWIFT department for advising Bank. One
copy is given to the applicant (importer).
Recover LC opening charges as follows.
Customer AC
DR
2. The issuing Bank books liability in his own favor on account of the
applicant. The process of booking liability is as under:
LCs Lodgment:
LCs lodgment means the arrival of shipping documents against the LC in our
Bank. If the documents are clean and have no any type of discrepancy. Then LC
issuing Bank has 7 days to pay against the documents according to UCP 500.
LC Retirement:
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The customer arranges the funds required by the bank to retire the documents
along with retirement charges. The Bank after receiving the import documents
have 7-working days
Either to pay if the documents comply with LC. Otherwise send SWIFT to the
negotiating bank that the documents are discrepant. If the Importer pays to the
bank within these days then the bank charge no Profit otherwise the Profit will be
charged and then return the documents to the Importer.
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Remittances:
Remittances are of two types
1. Inward Remittance.
2. Outward Remittance.
Remittance
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Inward
Outward
Inward Remittance:
The Bank receive inward message through SWIFT for credit to the beneficiary
account being maintained either in Pak rupees or FC account. In case of Pak
rupees account mentioned in the SWIFT Message. The receiving bank converts
the FC account into Pak rupees by applying TT Buying Rate of the value date of
that day.
In case of FC received in FC account, we credit the same FC amount in the
FC account. Conversion rate will not be applied.
ABL-IBB
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Converted in
Pak Rupees
rate
Applying TT buying
Outward Remittance:
Until or unless special approval an Remittances
3. Inward Remittance.
4. Outward Remittance.
Remittance
Inward
Outward
Inward Remittance:
The Bank receive inward message through SWIFT for credit to the beneficiary
account being maintained either in Pak rupees or FC account. In case of Pak
rupees account mentioned in the SWIFT Message. The receiving bank converts
the FC account into Pak rupees by applying TT Buying Rate of the value date of
that day.
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ABL-IBB
Converted in
Pak Rupees
Applying TT buying
rate
Outward Remittance:
Until or unless special approval and permission have been granted by SBP.
The FC amount can be duly remitted through FC account only by depositing
FC cash.
NOTE:
FC
FC
NO conversion rate will be applied
FC
Pak
Rupees
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Reporting to SBP:
1. Import
2. Export
3. Remittance
Import:
I-Form will be prepared at the time of payment to foreign bank against the
documents of Import. In the month of which we transferred the foreign currency
to the foreign bank, at the end of the month, we will send I-Form, copies of bill
of lading and commercial invoice.
Export:
When we receive the foreign currency from foreign bank, after getting this
amount, we will send E-Form along with copies of bill of lading and commercial
invoice to SBP.
Remittance:
All the inward remittance will be reported to SBP on IRV-Form (inward
remittance voucher).
Profit on FC account:
Monthly profit paid to foreign currency accountholders will be reported to SBP
on M-Form.
Forms:
E-Form
Export
Inward
I-Form
Import
Outward
Inward Remittance
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Permission has been granted by SBP. The FC amount can be duly remitted
through FC account only by depositing FC cash.
NOTE:
FC
FC
NO conversion rate will be applied
FC
Pak
Rupees
Conversion rate will be applied
Import:
I-Form will be prepared at the time of payment to foreign bank against the
documents of Import. In the month of which we transferred the foreign currency
to the foreign bank, at the end of the month, we will send I-Form, copies of bill
of lading and commercial invoice.
Export:
When we receive the foreign currency from foreign bank, after getting this
amount, we will send E-Form along with copies of bill of lading and commercial
invoice to SBP.
Remittance:
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Profit on FC account:
Monthly profit paid to foreign currency accountholders will be reported to SBP
on M-Form.
Forms:
E-Form
Export
Inward
I-Form
Import
Outward
Inward Remittance
Car Ijarah:
Ijarah means to give something on rent.
Mode of Financing:
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The chosen mode of financing would be the Ijarah agreement, where the Bank
acquires an asset (vehicle) and the rents it to the client for an agreed period.
The customer agrees to a monthly payment (rent) to the Bank for use of
the vehicle.
At the completion of the agreed period, the Bank gives the customer an option to
purchase the asset (vehicle).
The following table details some of the macro-features of the applicable mode
of financing:
Parameters
Role of ABL-IBB
Detail
To purchase a vehicle and rent it to a customer
Ownership (Title)
Periodicity
Period of facility
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Mode of payment
Purchase option
instructions.
to the At the end of the Ijarah agreement period, ABL-IBB
customer
After Approval:
9. Cheques.
10. Security Deposit.
Security:
The vehicle will be registered and insured in favor of ABL-IBB before its
physical possession is given to customer. In cases where the Approving authority
feels the need, they may direct that additional security be taken from the applicant
before execution of the transaction.
Deposit Margin:
For New Vehicles:
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Insurance:
Insurance premium will be paid by the bank and will be recovered through lease
rentals charged from the customer.
Processing Charges:
Non-refundable processing charges to be collected at the time of collection of
legal documents. These include the cost of legal documents, address verification
and CIB report & vehicle appraisal (in case of second hand vehicles
In case, where applicant wants to change his/her vehicle after approval has been
given by credit approving authority, a non-refundable Rs. 1,000/- will be charged
for the change/replacement of approved asset.
Documentation Charges:
To be charged at actual and will be recovered in rental. This amount includes
registration charges, number plate related expenses, taxes and other government
levies and cost of legal documents.
Pre-mature Termination:
In Case of pre-mature termination of the Ijarah contract, the client will pay the
purchase price as mentioned in the Terminal-value schedule forming part of the
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lease documents. The purchase price takes into consideration the following
amounts:
Normal Vehicle:
The principal outstanding as determined by the amortization schedule of
the lease.
For the first 6 months, a sum calculated at 10% of the cost of the vehicle
(net of customers Security Deposit). For the rest of the Ijarah period, a
sum is calculated at 5% of the principal outstanding (net of customers
Security Deposit).
The customer approaches the Bank with the request for financing and
enters into a promise to lease agreement.
The Bank purchases the item required for leasing and receives title of
ownership from the vendor.
VENDO
R
53
ISLAMIC
BANK
M.
Waqas Yousaf
Agreement-1
CUSTOMER
073605092
Step#2
The Bank leases the asset to the customer after execution of lease
agreement.
.
VENDOR
ISLAMIC
BANK
Agreement-2
CUSTOMER
No Advance Rental.
No Advance Insurance.
We get the vehicle registered before delivery and bear those expenses.
No late Payment charges if the applicant has some genuine problem (he
has proves that).
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In case of booking the applicant do not have to pay Rentals until the
vehicle appears from booking.
In case if the applicant can not afford to pay Rentals he can return vehicle
and get his security deposit back
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Operation Department:
Ist Week:
Account opening:
Remittances (Clearing)
Check practically all the procedure of:
Inward Clearing.
Outward Clearing.
Car Ijarah:
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Corporate:
Check practically of the process of Murabaha & its documentation
e.g.
Security Documents.
Legal Opinion.
Valuation.
Approval/Sanction advice.
Offer Letter.
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Internal Analysis:
Strength:
Trained staff
Weaknesses:
No facility of ATM
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External Factors:
Opportunities:
Threats:
Small Network.
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Along with the officers, the training must also be given to the clerical
staff.
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To motivate the employees of the bank, regular bonuses and incentives should
be given to them.
At the moment the bank is not providing ATM facility to its customers.
Bank should start giving this facility in order to highlight the value added
features offered along with the basic product. As the bank has the good
image, they can use that image as a benefit in this regard. To stay in the
competition the bank should introduce its ATM cards soon.
The number of Fax machines and photocopying machine in the bank are
also less than they are needed. For photocopying one has to go downstairs.
So there should be more machines and also their placement should be at
the right place.
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Employees Behavior:
The employees are hard worker and keen to capture the clients on the
basis of their fair dealing. The do not waste any single opportunity to
get a good deposit from their valued clients. The staff also tries to
provide full respect to every kind of customer, whether he is a young
person or he is an elder person. This helps them to create not only
good relations but also increase the overall deposits of the branch.
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Glossary
[A]
Accounts: A record of financial transactions for an asset or individual, such as
at a bank, brokerage, credit card company or retail store.
AOF: Account opening form (AOF) is used by the customers to complete the
written requirements for the records to open an account in a bank.
[B]
Balance: The amount of money in an account equal to the net of credits and
debits at that point in time for that account. Also called account balance.
[D]
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DD: Demand Drafts are the most economical way to make payments or transfer
funds overseas. Customer can purchase demand drafts in just about any currency
and they can be cashed worldwide.
[E]
Exchange Rate: Rate at which one currency may be converted into another
also called rate of exchange or foreign exchange rate or currency exchange rate.
[M]
Maturity: The date on which a debt becomes due for payment also called
maturity date.
Mortgage: A loan to finance the purchase of real estate, usually with specified
payment periods and interest rates.
[N]
Nominal Interest Rate: Currant stated rates of interest paid or earned.
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[P]
PLS: Profit and loss sharing
[R]
Remittances: Transfer of money is known as remittances.
[S]
Savings Account: A deposit account at a bank or savings and loan which pays
interest, but cannot be withdrawn by check writing.
Trade Finance: This program improves market-based access to, and delivery
of, SME finance, including the regulatory and credit information infrastructure.
[V]
Voucher: A document which acknowledges a liability or provides authorization
to pay a debt.
[W]
Working Capital Loan: A short-term loan which provides money to buy
earning assets.
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Bibliography:
All the information provided by making this Internship Report has been
gathered during doing Internship in Askari Islamic Bank and from the
following sources:
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