Investment Procedure of Al-Arafah Islami Bank Ltd.

Abstract

Al-Arafah Islami Bank Limited (AIBL) is a commercial bank who executes their business from the perspective of Islamic Sariah. As a rule imposed by UGC is to do and submit a project report at the end of BBA program as a part of the fulfillment of degree, I am not beyond this rule and for the completion of my project work I have chosen Al-Arafah Islami Bank Limited (AIBL) as a field of work. The report is mainly focused on the Investment modes and based on the analysis of the investment procedures entitled as “Investment Procedures of Al-Arafah Islami Bank Limited (AIBL)”. The findings of the study will give us a clear understanding about operational activities, strategies and investment policy of AIBL. The report will cover the following points Organizational profile of AIBL, product details of AIBL, the field of investment of AIBL, investment policy imposed by AIBL, and provides some sort of recommendation based on the findings. The data were collected from the secondary sources like website, research paper, online paper, annual report of AIBL etc.

In a word the study figured out the AIBL focus on the banking transaction with is accepted by Quran and Sunnah. They are doing their business and making profit which sounds halal according to Islam. It can be said that AIBL is based on the concept of Islamic principles which encouraged the people to have haram free investment and profit margin. In this report the finding and recommendation will become an evidence where they will know about the current trend of Islamic banking and what should they do to get palace in this competitive banking sector.