Professional Documents
Culture Documents
Supervisor
Mrs. Rubina Maleque
Associate Professor
November, 2009
Date: November 15, 2009
To
The Senior Vice President
Head of HRD
Human Resources Division
Shahjalal Islami Bank Ltd.
Head Office
10 Dilkusha C/A, Dhaka.
Through- The FAVP & Manager, Shahjalal Islami Bank Ltd., Keranigonj Branch.
Dear Sir,
I am hereby submitting you my internship report on ―Assessing Customer Satisfaction
of Shahjalal Islami Bank Limited (Keraniganj Branch)‖ as required by my internship
appointment letter (SJIBL/HRD/HO/2009/1484/7) dated September 15, 2009.
I‘m really thankful to you for giving me the opportunity to execute my internship
program at the bank. I respectfully acknowledge your help that you so kindly accorded
to me during the course of my internship program. I‘m also grateful for allowing my
access in necessary information for preparing this report.
Working for this report during my internship program has definitely enriched my
knowledge and experience in practical field. Despite some limitations I‘ve tried my
best to prepare this report as a decent one.
Your kind acceptance of this report will be highly appreciated and should you need
any assistance in interpreting the report, please call me; I am at your service.
Sincerely yours-
__________________
Md. Azim Ferdous
BBA-11th Batch, Roll No: 121
Department of Management Studies
University of Dhaka
Mobile No: +88 0193 393 797
Page | II
Preface
I would like to thank my internship program supervisor Mrs. Rubina Maleque for her
prudent guidance and instruction that enabled me to accomplish the internship report
successfully.
I would like to thank the manager of Shahjalal Islami Bank Limited (Keraniganj
Branch) for giving me the opportunity to execute my internship program at the bank
and for allowing my access in necessary information for preparing this report. I would
also like to express my immense gratitude to all of the officers of Shahjalal Islami
Bank Limited who not only helped me a lot to prepare this report but also helped me
with their guidance and by sharing their invaluable knowledge throughout my entire
internship program.
Page | III
Table of Contents
Executive Summary................................................................................................................... IX
Chapter 1: Introduction................................................................................................................1
1.1. Origin of the Report ..................................................................................................................... 1
1.2. Objectives ........................................................................................................................................ 1
1.3. Scope ................................................................................................................................................ 1
1.4. Historical Background .................................................................................................................. 2
1.5. Methodology ................................................................................................................................... 2
1.6. Limitations....................................................................................................................................... 3
1.7. Acronyms & Definitions .............................................................................................................. 3
1.8. Report Preview ............................................................................................................................... 4
Chapter 2: Islami Banking ......................................................................................................... 5
2.1. Concept of Islami Banking .......................................................................................................... 5
2.2. History of Islami Banking ............................................................................................................ 6
2.2.1. Classical Islami Banking ........................................................................................................ 6
2.2.2. Modern Islamic Banking ....................................................................................................... 6
2.2.3. Islamic Banking in Bangladesh ............................................................................................ 7
Chapter 3: Organizational Profile ............................................................................................. 8
3.1. About Shahjalal Islami Bank Ltd. (SJIBL) ................................................................................ 8
3.2. Vision ............................................................................................................................................... 8
3.3. Mission ............................................................................................................................................. 8
3.4. Strategies .......................................................................................................................................... 8
3.5. Motto ................................................................................................................................................ 9
3.6. Organizational Structure/Organogram..................................................................................... 9
3.7. Divisions of Shahjalal Islami Bank Ltd. .................................................................................. 10
3.8. Capital Structure ........................................................................................................................... 11
3.9. Company Growth ........................................................................................................................ 12
3.10. Corporate Social Responsibility (CSR) ................................................................................. 19
3.11. Products ....................................................................................................................................... 20
3.11.1. Deposit Accounts............................................................................................................... 20
3.11.2. Deposit Schemes ................................................................................................................ 22
3.11.3. Investment Schemes .......................................................................................................... 22
3.12. Services ........................................................................................................................................ 30
Page | IV
3.12.1. Online Banking Services ................................................................................................... 30
3.12.2. SJIBL VISA Card Services ............................................................................................... 30
3.12.3. SMS/Push Pull Services ................................................................................................... 31
3.12.4. Foreign Remittance Services............................................................................................ 32
3.12.5. Capital Market Services ..................................................................................................... 33
3.12.6. SME Services ...................................................................................................................... 33
3.12.7. Other Services ..................................................................................................................... 34
3.13. Performance of the Bank (Ratings) ....................................................................................... 34
3.13.1. Credit Rating ....................................................................................................................... 34
3.13.2. CAMELS Rating ................................................................................................................ 35
Chapter 4: Assessing Customer Satisfaction of SJIBL ........................................................36
4.1. Literature Review ......................................................................................................................... 36
4.1.1. Definition of Customer....................................................................................................... 36
4.1.2. Definition of Satisfaction.................................................................................................... 37
4.1.3. Definition of Customer Satisfaction ................................................................................ 37
4.1.4. Why to Measure Customer Satisfaction .......................................................................... 37
4.2. Process used in Assessing Customer Satisfaction Level of SJIBL (Keraniganj Br.) ..... 39
4.2.1. The Customer Satisfaction Measurement Model .......................................................... 39
4.2.2. The Questionnaire/ Instrument ....................................................................................... 39
4.2.3. The Rating Scale ................................................................................................................... 41
4.2.4. The Cut-Off Score ............................................................................................................... 41
4.2.5. The Gap Score ...................................................................................................................... 42
4.3. Findings & Analysis..................................................................................................................... 43
4.3.1. Calculation of Average SERVQUAL Scores for Each of 5 (five) SERVQUAL
Dimensions....................................................................................................................................... 67
4.3.2. Calculation of Unweighted SERVQUAL Score ............................................................ 69
4.3.3. Calculation of Weighted SERVQUAL Score/ Customer Satisfaction Index (CSI) .... 69
Chapter 5: Conclusion ................................................................................................................70
5.1. Ending Summary ......................................................................................................................... 70
5.1.1. Quantitative Findings .......................................................................................................... 70
5.1.2. Qualitative Findings ............................................................................................................. 71
5.2. Recommendations ....................................................................................................................... 72
Works Cited ..................................................................................................................................74
Appendix.......................................................................................................................................77
Page | V
Table of Figures
Figure 1: Three-tier Mudaraba System ....................................................................................... 6
Figure 2: Organizational Chart (Organogram) of SJIBL.......................................................... 9
Figure 3: Equity Composition of 2008 ..................................................................................... 12
Figure 4: Equity Movement from 2004 to 2008 ..................................................................... 13
Figure 5: Capital Adequacy Position from 2004 to 2008 ....................................................... 13
Figure 6: Deposit Mix of 2008................................................................................................... 14
Figure 7: Trend of Deposit from 2004 to 2008 ...................................................................... 14
Figure 8: Investment Portfolio of 2008 .................................................................................... 15
Figure 9: Trend of Investment from 2004 to 2008 ................................................................. 16
Figure 10: Deposit & Investment Growth .............................................................................. 16
Figure 11: Operating Results from 2006 to 2008 .................................................................... 17
Figure 12: Number of Branches ................................................................................................ 18
Figure 13: Manpower Position from 2004 to 2008 ................................................................. 18
Figure 14: Long Term Credit Rating of SJIBL from 2006 to 2008 ...................................... 35
Figure 15: Short Term Credit Rating of SJIBL from 2006 to 2008 ...................................... 35
Figure 16: Example of a 5 Point Likert Rating Scale .............................................................. 41
Figure 17: Satisfaction Score & Loyalty, Indifference, Defection Zone .............................. 42
Figure 18: Gender Ratio among Samples ................................................................................. 43
Figure 19: Samples‘ Age Clusters .............................................................................................. 43
Figure 20: Sample Ratio based on Profession ......................................................................... 44
Figure 21: Respondents' response on acting of employees according to promise ............. 45
Figure 22: Respondents' response on employees‘ sincere interest in Problem Solving ..... 46
Figure 23: Respondents' response on having service right at the first time ........................ 47
Figure 24: Respondents' response on having services by the promised time ..................... 48
Figure 25: Respondents' response on insistence of error free record .................................. 49
Figure 26: Respondents' response on employees‘ behavior in instilling confidence in
customers ................................................................................................................... 50
Figure 27: Respondents' response on feeling safe in transactions ........................................ 51
Figure 28: Respondents' response on consistent courtesy of employees ............................ 52
Page | VI
Figure 29: Respondents' response based on employees knowledge ..................................... 53
Figure 30: Respondents' response on modern looking equipment ...................................... 54
Figure 31: Respondents' response on visually appealing physical facility ............................ 55
Figure 32: Respondents' response on neat appearance of employees .................................. 56
Figure 33: Respondents' response on appealing appearance of materials ........................... 57
Figure 34: Respondents' response on getting individual attention ....................................... 58
Figure 35: Respondents' response on operating hour of the bank ....................................... 59
Figure 36: Respondents' response on having personal attention providing employees .... 60
Figure 37: Respondents' response on having best interest of customers to employees‘
heart ............................................................................................................................ 61
Figure 38: Respondents' response on understanding of specific needs of them by the
employees ................................................................................................................... 62
Figure 39: Respondents' response on getting information of exactly when service will be
given ........................................................................................................................... 63
Figure 40: Respondents' response on getting prompt service ............................................... 64
Figure 41: Respondents' response on employees‘ willingness to help ................................. 65
Figure 42: Respondents' response on business of employees while to respond customers
..................................................................................................................................... 66
List of Tables
Table 1: Tier-1 Capital (Core Capital) 12
Table 2: Tier-2 Capital (Supplementary Capital) 12
Table 3: Deposit Mix 14
Table 4: Investments‘ Portfolio 15
Table 5: Operating results of the year 2008 & 2007 17
Table 6: Credit Rating Result from 2006 to 2008 35
Table 7: Sample‘s Frequency Distribution based on Gender 43
Table 8: Sample‘s Frequency Distribution based on Age 43
Table 9: Sample‘s Frequency Distribution based on Profession 44
Table 10: Survey result of the statement 1 (Act according to Promises) 45
Table 11: Survey result of the statement 2 (Sincere Interest in Problem Solving) 46
Table 12: Survey result of the statement 3 (Performs the Service Right the
First Time) 47
Table 13: Survey result of the statement 4 (Provides Services at the Time
Page | VII
Promised) 48
Table 14: Survey result of the statement 5 (Insists on Error Free Records) 49
Table 15: Survey result of the statement 6 (Employees Behavior Instills
Confidence in Customers) 50
Table 16: Survey result of the statement 7 (Customers Feel Safe in Transaction) 51
Table 17: Survey result of the statement 8 (Consistent Courtesy of Employees) 52
Table 18: Survey result of the statement 9 (Employees have the Knowledge to
Answer Customers' Question) 53
Table 19: Survey result of the statement 10 (Modern Looking Equipments) 54
Table 20: Survey result of the statement 11 (Visually Appealing Physical Facilities) 55
Table 21: Survey result of the statement 12 (Neat Appearance of Employees) 56
Table 22: Survey result of the statement 13 (Appealing Appearance of Materials) 57
Table 23: Survey result of the statement 14 (Gives Customers Individual
Attention) 58
Table 24: Survey result of the statement 15 (Has Convenient Operating Hours
for Customers) 59
Table 25: Survey result of the statement 16 (Has Employees to Give
Customers Personal Attention) 60
Table 26: Survey result of the statement 17 (Has Best Interest of Customers
at Heart) 61
Table 27: Survey result of the statement 18 (Employees Understand Specific
Needs of Customers) 62
Table 28: Survey result of the statement 19 (Informs exactly when Services
will be provided) 63
Table 29: Survey result of the statement 20 (Gives Prompt Services) 64
Table 30: Survey result of the statement 21 (Employees are Always Willing
to Help) 65
Table 31: Survey result of the statement 22 (Never too Busy to Respond
Customer Requests) 66
Table 32: Average Reliability SERVQUAL score 67
Table 33: Average Assurance SERVQUAL score 67
Table 34: Average Tangibles SERVQUAL score 68
Table 35: Average Empathy SERVQUAL score 68
Table 36: Average Responsiveness SERVQUAL score 69
Table 37: Calculations to obtain unweighted SERVQUAL Score 69
Table 38: Calculations to obtain Customer Satisfaction Index (CSI) 69
Table 39: Debit Card Usage Limit 78
Table 40: SWIFT Codes 78
Page | VIII
Executive Summary
With a commitment of providing cordial service to customers Shahjalal Islami Bank
Limited has diversified its service coverage during last eight years by opening new
branches at different strategically important locations across the country offering
various service products both investment & deposit. Adequate capital, good quality of
asset, smooth growth, enough liquidity, well performance in CSR, etc. backs up its
strong position in CAMELS rating (having a rating of ―Strong or A-class Bank‖) for
consecutive years.
Customer satisfaction is a measure of how products and services supplied by a
company meet or surpass customer expectation. It is seen as a key performance
indicator within a business. So, assessing the level of customer satisfaction actually
helps to measure an organization‘s position in business. I‘ve measured the customer
satisfaction level of Shahjalal Islami Bank Limited, Keraniganj Branch.
I‘ve calculated the Customer Satisfaction Index by using SERVQUAL instrument
having 22 statements on service quality dimensions through face to face interviews
with the accountholders of the bank. Their agreements (agree & strongly agree) with
the SERVQUAL statements touching the cut off score (4) in used 5 point Likert Scale
is considered as satisfied in this study.
The study shows that customers conceive this bank as reliable in getting accurate
promised services, problem solving and in maintaining error free record. They also
believe that there is assurance of competency, courtesy, credibility & security by the
bank. They are also satisfied by the tangible appearances of the bank. But the
customers are not enough satisfied in getting personal attention and they think that
employees do not understand their specific needs. They also think that the employees
are not enough responsive in providing prompt services and in informing that exactly
when service will be provided.
The unweighted SERVQUAL score of 4.13 and weighted score or Customer
Satisfaction Index of 4.10 indicates a satisfactory state in the overall level of customer
satisfaction.
On the basis of conducted Key Informants Interviews, the quantitative study result
and my observation I believe that appointing more employees under General Banking
department, maintaining time slots for each customer to serve, setting up of electronic
calling machine for cash counter, setting up of query desk, replacement of core
banking software by better one, regular arrangement of employee training workshops,
appointing female employees, etc. will help to increase the satisfaction level of the
customers of the bank.
Page | IX
Chapter 1: Introduction
1.1. Origin of the Report
This report is prepared as an internship report which is a mandatory requirement for
successful completion of BBA program under University of Dhaka and which aims to
reflect the professional view of real world working environment. This internship
report is required to submit after fulfilling 45 days of working experience in an
organization as a trainee.
I got proper supervision of my academic supervisor Mrs. Rubina Maleque,
Associate Professor, Department of Management Studies, University of Dhaka
throughout my internship period for the successful completion of the report titled
―Assessing Customer Satisfaction of Shahjalal Islami Bank Limited
(Keraniganj Branch)”
1.2. Objectives
Broad Objective
The objective of this study is to determine the customers‘ level of satisfaction of
Shahjalal Islami Bank Ltd., Keraniganj Branch.
Specific Objectives
The specific objectives of the study are to-
a. Know the ability of employees to perform promised service dependently and
accurately.
b. Know to what level the customers are assured by competence, courtesy,
credibility and security by the bank and its employees.
c. Measure to what extent the tangible appearances are satisfying customers.
d. Evaluate customers‘ satisfaction in getting convenient banking hour, care &
individual attention.
e. Assess willingness of employees to help customers & to provide prompt
service.
f. Compute the unweighted overall satisfaction level of the customers & weighted
―Customer Satisfaction Index‖.
1.3. Scope
The report deals with measuring the satisfaction level of the customers of Shahjalal
Islami Bank Limited, Keraniganj Branch. These customers are the people who have
account in this branch. The total population is not covered here. It is based on sample
survey. Thus the satisfaction level of the entire customers of Shahjalal Islami Bank
Limited or any other branch of the bank is not measured here and these will not be a
1.5. Methodology
In order to conduct this internship report both primary & secondary data have been
utilized.
Primary Data Collection
The primary data have been obtained through using following two techniques:
a. Key Informant Interview Process: I‘ve used this process to collect qualitative
data on customer satisfaction, its influencing elements, ways to improve it, etc.
For this reason I have conducted KIIs with the following personnel:
Md. Masum Khan Jewel, Trainee Senior Officer
Mohammad Alamin, Trainee Officer
Mohammad Abdul Awal Khan, Client Relationship Officer
Sarker Sahiduzzaman, Client Relationship Officer
b. SERVQUAL Instrument: To get quantitative data on customer satisfaction
directly from customers with a view to measure their level of satisfaction I‘ve
interviewed 50 account holders of Shahjalal Islami Bank Ltd. having different
profession & who lies in different age group using the SERVQUAL instrument.
The interviews have been conducted using a structured questionnaire containing
22 questions representing the five dimensions of customer satisfaction
measurement. A sample questionnaire has been annexed in the appendix part.
The time period of the study lies in between 18th of October, 2009 to 3rd of
November, 2009.
1.6. Limitations
The limitations of the report and the study are follows:
The report has been conducted within a short time frame.
The study is self financed.
Only Keraniganj Branch of the bank has been considered for the study.
The sample size does not represent the total population.
Samples were selected conveniently.
For the convenient of the study non probability samples have been used.
All weights given are judgmental.
As time frame was short and the whole study was conducted by one person
there is chance of having error in any stage of data collection, data entry, data
organizing, data sorting, data testing, data presentation, interpretation of result,
etc.
3.2. Vision
To be the unique modern Islami Bank in Bangladesh and to make significant
contribution to the national economy and enhance customers' trust & wealth, quality
investment, employees' value and rapid growth in shareholders' equity.
3.3. Mission
To provide quality services to customers
To set high standards of integrity
To make quality investment
To ensure sustainable growth in business
To ensure maximization of Shareholders' wealth
To extend our customers innovative services acquiring state-of-the-art technology
blended with Islamic principles
To ensure human resource development to meet the challenges of the time.
3.4. Strategies
To strive for customers best satisfaction & earn their confidence
To manage & operate the Bank in the most effective manner
To identify customers needs & monitor their perception towards meeting those
requirements
To review & updates policies, procedures & practices to enhance the ability to
extend better services to the customers
3.5. Motto
Committed to Cordial Service
Chairman
Vice President
Executive Officer
Senior Officer
Figure 2: Organizational Chart (Organogram) of SJIBL
Chapter 3: Organizational Profile Page | 9
A. Board of Directors: Shahjalal Islami Bank‘s Board of Directors‖ consists of the
following posts-
a. Chairman
b. Vice Chairmen
c. Directors
d. Independent Director
e. Sponsors
f. Managing Director
g. Company Secretary
B. Executive Committee: This bank‘s executive committee has following 10 posts-
a. Chairman
b. Vice Chairman
c. Member (Seven)
d. MD & Ex-officio Member
C. Audit Committee: SJIBL‘s audit committee is made up of 3 individuals-Chairman
and two members.
D. Shariah Council: Shariah Council of the Bank is playing important role in guiding
and supervising the implementation and compliance of Islamic Shariah principles in
all activities of the Bank since its very inception. The Council, which enjoys a high
status in the structure of the Bank, consists of prominent ulema, reputed banker,
renowned lawyer and eminent economist.
Members of the Shariah Council meet frequently and deliberate on different issues
confronting the Bank on Shariah matters. They also conduct Shariah inspection of
branches regularly so as to ensure that the Shariah principles are implemented and
complied with meticulously by the branches of the Bank.
E. Management of the Bank: Managing Director, Deputy Managing Director,
Senior Executive Vice President, Executive Vice Presidents, Senior Vice Presidents,
Vice Presidents, Senior Assistant Vice Presidents, Assistant Vice Presidents, etc. are
the people who are holding the managerial positions of the bank.
a. Investment Division: This division has the authority to determine the party or the
client who will get the credit facility from the bank. The credit clients are selected
according to the criteria of credit policy. This division has the full authority to take
3500
3040.88
In Million BDT
3000
2500
2000
1500
1362.57
1000
500 848.35
340.06
0
2004 2005 2006 2007 2008
Figure 4: Equity Movement from 2004 to 2008
Growth in Adequate Capital: Total equity of the bank as on 31st December of 2007
was BDT 3040.88 million and the total equity stood to BDT 4069.09 million on 31 st
December of 2008, which was 13.81% of the risk weighted assets as against the
requirement of 10.00%. Though 2008‘s figure is lower than that of 2007 it is still
higher enough than the required adequate capital.
The core capital was 12.24% of risk weighted assets as on 31 st December, 2008
against requirement of 5%.
Capital Adequecy Position from 2004 to 2008
Actual Requirement
18
16.42
16
14
In million BDT
12 13.81
10.39
10 9 10
9 10
8 8.7 9
6
4
4.69
2
0
2004 2005 2006 2007 2008
Actual 4.69 8.7 10.39 16.42 13.81
Requirement 9 9 9 10 10
Figure 5: Capital Adequacy Position from 2004 to 2008
Growth in Deposit: Total deposit of Shahjalal Islami Bank stood at BDT 36484.24
million as on 31st December, 2008 as against BDT 22618.19 million of 31st December,
2007 registering an increase of BDT 13866.05 million, i.e. 61.31% growth. This was
possible due to superior customer service delivery at the branch level, expansion of
branch network to rural areas where foreign remittance flow is significant. The
deposit mix of the bank as on 31st December, 2008 was as bellow:
5% 4% 5% 2%
26%
58%
Al-Wadia Current Deposit Mudaraba Savings Deposit Mudaraba Short Notice Deposit
Mudaraba Term Deposit Mudaraba Schemes Deposit Other Deposits
30000
In Million BDT
25000
22618.18
20000
18090.65
15000
10000 12204.63
9091.66
5000
0
2004 2005 2006 2007 2008
Figure 7: Trend of Deposit from 2004 to 2008
16.60%
40.17%
Murabaha Bi-muajjal
Hire-purchase & Ijara Investments against LC
Bill Purchased & Discounted Investment against Scheme Deposits
Quard Others
Figure 8: Investment Portfolio of 2008
25000
In Million BDT
20000
20616.61
15000
15515.79
10000
10590.27
7148.68
5000
0
2004 2005 2006 2007 2008
25000
20000
15000
10000
5000
0
2004 2005 2006 2007 2008
Deposit 9091.66 12204.63 18090.65 22618.18 36484.24
Investment 7148.68 10590.27 15515.79 20616.61 32918.77
Figure 10: Deposit & Investment Growth
Growth in Operating Profit: As of 31st December, 2008; during the year the bank
earned an amount of BDT 5285.39 million and spent an amount of BDT 3475.59
million, resulting a total operating profit of BDT 1809.80 million which increased by
494.79 million over last year. From the operating profit of BDT 145.00 million kept
provision for investment, BDT 70.50 million provision kept for off-balance sheets,
BDT 27.50 million provision kept for investment in securities, BDT 1.00 million
provision kept for other assets and then profit before taxes stood total 1565.80
million and deducting income taxes of BDT 748.09 million, net profit after taxation
stood at BDT 817.71 million. As appropriation of net profit BDT 313.16 million was
5000
In Million BDT
4000
3000
2000
1000
0
2006 2007 2008
Income 2563.64 3588.84 5285.39
Expenditure& Loss 1718.57 2273.83 3475.59
Operating Profit 845.07 1315.01 1809.8
Figure 11: Operating Results from 2006 to 2008
Growth in Branch Network: The bank has been operating with a network of 43
branches1 all over the country. In the year 2008 the bank has opened 7 (seven) new
branches. And till now of 2009 it has already opened 10 (nine) branches. 6 (seven)
more branches2 are going to be opened at 2009. 5 (five) more SME centers and 8
(eight) branches of brokerage house will soon be opened in Dhaka and other
important business locations of our country.
1
See ―Appendix-A: Operating Branches of SJIBL ‖
2
See ―Appendix-B: Branches going to open in rest of the 2009 ‖
0
2004 2005 2006 2007 2008 2009
Projected no. of Branches Opened no. of Branches
Figure 12: Number of Branches
Growth in Human Resources: The bank always laid emphasis on human resources
and its development. The bank believes in the factor that the bank‘s survival is closely
interlinked with the quality of service and satisfaction of the client that directly
depends on qualification and efficiency of the employees. With this objective in view,
the bank excels the performance of its member of the staff by creating opportunities
through providing proper training, rewards and recognition. To attract and retain
qualified and efficient staff, the bank has formulated a number of well thought
policies for the welfare of its employees, in the form of gratuity fund, social security
fund, employees‘ house building investment scheme, employees‘ car financing
scheme, benevolent fund & employees‘ house furniture allowance, etc. Total number
of manpower of the bank stood at 878 on 31st December, 2008 as against 555 of 31st
December, 2007.
Manpower Position
1000
Manpower Position
900
878
800
700
600
555
500
400
283 377
300
340
200
100
0
2004 2005 2006 2007 2008
Figure 13: Manpower Position from 2004 to 2008
Various Kinds of Accounts: Branches may open any of the following kinds of
accounts under above types:
Accounts of Individuals
Joint Accounts
Proprietary Concerns
Partnership Concerns
Accounts of Public Limited Companies/Corporations/ Autonomous bodies
Accounts of Private Limited Companies
Trust Accounts
Accounts of Liquidators
Accounts of Societies, Associations, Clubs
Accounts of Local Authorities. etc.
3
See ―Appendix C‖
3.12.4.3. SWIFT: Shahjalal Islami Bank Limited is a member of the Society for
Worldwide Inter Bank Financial Telecommunication (in
abbreviation S.W.I.F.T.) SWIFT is the industry-owned co-
operative supplying secure, standardized messaging services and
interface software to nearly 8,300 financial institutions in 208
countries and territories. SWIFT members include banks, broker-
dealers and investment managers. The broader SWIFT community also encompasses
corporate as well as market infrastructures in payments, securities, treasury and trade.
SJIBL SWIFT codes are given at ―Appendix D‖.
Figure 14: Long Term Credit Rating of Figure 15: Short Term Credit Rating of SJIBL
SJIBL from 2006 to 2008 from 2006 to 2008
4 See ―Appendix E‖
5
See ―Appendix F‖
So, I am considering the 80% point 4 out of 5 as the cut off score in measuring
customer satisfaction. That is if the average score is 4.0 or more then the customers
will be treated as satisfied.
Gender
8% Male
Female
92%
Age Group
4%
10%
50% 36%
Profession
2%
6%
18%
Business
Service
74%
Student
Housewife
Here the gap among various clusters of the samples is wide. The reason behind this
was convenient selection of samples. The survey was conducted in between 18th of
October, 2009 to 3rd of November, 2009. So, the samples are selected only from those
customers who came to the bank within the stated time period.
30
25
25
20
17
15
10 8
5
0 0
0
Strongly Disagree Neutral Agree Strongly
Disagree Agree
25 23 21
20
15
10
6
5
0 0
0
Strongly Disagree Neutral Agree Strongly
Disagree Agree
25 23
20
17
15
10 7
3
5
0
0
Strongly Disagree Neutral Agree Strongly
Disagree Agree
Figure 23: Respondents' response on having service right at the first time
Interpretation of the Result: From the above result it is seen that the mean value is
4.20. That means customers are satisfied and feel that the services performed by the
bank for them are right at the first time. The mode value (5) represents that most of
the respondents are strongly agree with the above statement. So, on this point of
performing service right at the first time customers are seemed to be satisfied.
Result on Likert Scale:
25
21 21
20
15
10 8
5
0 0
0
Strongly Disagree Neutral Agree Strongly
Disagree Agree
Interpretation of the Result: From the above result it is seen that the mean value is
4.26. That means customers are satisfied with provided services by the promised. The
mode value (4) represents that most of the respondents are agree with the above
statement. So, on this point of providing service by the promised time the customers are
seemed to be satisfied.
Result on Likert Scale:
30
24
25
21
20
15
10
5
5
0 0
0
Strongly Disagree Neutral Agree Strongly
Disagree Agree
30
27
25
20
15
15
8
10
5
0 0
0
Strongly Disagree Disagree Neutral Agree Strongly Agree
30
26
23
25
20
15
10
5 1
0 0
0
Strongly Disagree Neutral Agree Strongly Agree
Disagree
25
20
20
17
13
15
10
5
0 0
0
Strongly Disagree Neutral Agree Strongly Agree
Disagree
Interpretation of the Result: From the above result it is seen that the mean value is
4.08 that means customers are satisfied with employees when they ask them
questions. The mode value (4) represents that most of the respondents are agree with
the above statement. So, on this point of employees’ knowledge to answer customers’ query the
clients are appeared to be satisfied.
Result on Likert Scale:
40
35
35
30
25
20
13
15
10
5 2
0 0
0
Strongly Disagree Neutral Agree Strongly Agree
Disagree
Interpretation of the Result: From the above result it is seen that the mean value is
4.66 that means customers are well satisfied with the modern looking equipments of
the bank. The mode value (5) represents that most of the respondents are strongly
agree with the above statement. So, on this point of having modern looking equipments the
clients are appeared to be satisfied enough.
Result on Likert Scale:
40
36
35
30
25
20
14
15
10
5
0 0 0
0
Strongly Disagree Neutral Agree Strongly Agree
Disagree
Interpretation of the Result: From the above result it is seen that the mean value is
4.72 that means customers are well satisfied with the visually appealing physical facility
of the bank. The mode value (5) represents that most of the respondents are strongly
agree with the above statement. So, on this point of the clients are appeared to be
satisfied enough.
Result on Likert Scale:
35 32
30
25
20
15
15
10
3
5
0 0
0
Strongly Disagree Neutral Agree Strongly Agree
Disagree
Interpretation of the Result: From the above result it is seen that the mean value is
4.58 that means customers are well satisfied with the neat appearance of the
employees of the bank. The mode value (5) represents that most of the respondents
are strongly agree with the above statement. So, on this point of neat appearance of
employees the clients are appeared to be satisfied enough.
Result on Likert Scale:
30
25
25
18
20
15
10
7
5
0 0
0
Strongly Disagree Neutral Agree Strongly Agree
Disagree
Interpretation of the Result: From the above result it is seen that the mean value is
4.36 that means customers are well satisfied with the appealing appearance materials
that are associated with the service of the bank. The mode value (5) represents that
most of the respondents are strongly agree with the above statement. So, on this point
of appealing appearance of materials the clients are appeared to be satisfied enough.
Result on Likert Scale:
25
22
20 18
15
10
10
5
0 0
0
Strongly Disagree Neutral Agree Strongly Agree
Disagree
Interpretation of the Result: From the above result it is seen that the mean value is
3.84 that means customers are not satisfied enough with the individual attention that
they got from the employees of SJIBL. The mode value (4) represents that most of
the respondents are agree with the above statement. So, on this point of getting
individual attention the clients are not properly satisfied.
Result on Likert Scale:
25 23
20
17
15
10 7
5
1 2
0
Strongly Disagree Neutral Agree Strongly Agree
Disagree
Interpretation of the Result: From the above result it is seen that the mean value is
4.06 that means customers have touched the satisfaction level regarding the banking
hour. But this is not too high. The mode value (4) represents that most of the
respondents are agree with the above statement or they are satisfied with banking
hours. So, on this point the clients are appeared to be satisfied.
Result on Likert Scale:
20 19
18 17
16
14
12 11
10
8
6
4 2
2 1
0
Strongly Disagree Neutral Agree Strongly Agree
Disagree
Interpretation of the Result: From the above result it is seen that the mean value is
3.70 that means customers do not touch the satisfaction level regarding the banking
hour. But this is not too high. The mode value (3) represents that most of the
respondents are in a neutral position; they neither agree nor disagree with the
statement.
Result on Likert Scale:
30 28
25
19
20
15
10
3
5
0 0
0
Strongly Disagree Neutral Agree Strongly Agree
Disagree
Figure 37: Respondents' response on having best interest of customers to employees‘ heart
Interpretation of the Result: From the above result it is seen that the mean value is
4.50 that means customers are well satisfied believing that SJIBL employees think for
the best interest of the customers by their heart. The mode value (5) represents that
most of the respondents are strongly agree with the above statement.
Result on Likert Scale:
25
22
19
20
15
10
5 4
5
0
0
Strongly Disagree Neutral Agree Strongly Agree
Disagree
Figure 38: Respondents' response on understanding of specific needs of them by the employees
Interpretation of the Result: From the above result it is seen that the mean value is
3.50 that means customers are not satisfied enough with the bank‘s employees‘
understanding of the specific needs of the individual clients. Though the mode value
(4) represents that most of the respondents are agree with the above statement, the
average is below the mode value.
Result on Likert Scale:
25
21
20 18
15
10
4 5
5 2
0
Strongly Disagree Disagree Neutral Agree Strongly Agree
Figure 39: Respondents' response on getting information of exactly when service will be given
Interpretation of the Result: From the above result it is seen that the mean value is
3.40 that means customers are not satisfied enough with the bank‘s employees‘
provided information about the exact time when service will be provided. It does not
touch the satisfactory level. The mode value (3) represents that most of the
respondents are in a neutral position with the above statement.
Result on Likert Scale:
25 23
20
15
15
10
6
4
5
2
0
Strongly Disagree Disagree Neutral Agree Strongly Agree
Interpretation of the Result: From the above result it is seen that the mean value is
3.26 that means customers do not think that the service offered or provided by the
employees are instant. The mode value (3) represents that most of the respondents are
in a neutral position with the above statement which does not reach to a satisfactory
level.
Result on Likert Scale:
30 28
25
20
20
15
10
5 2
0 0
0
Strongly Disagree Disagree Neutral Agree Strongly Agree
Interpretation of the Result: From the above result it is seen that the mean value is
4.52 that means the customers are much satisfied with the willingness of the SJIBL
employees to help them. The mode value (5) indicates that most of the respondents
are strongly agree with the above statement and are very much satisfied with the
willingness of the employees to help them.
Result on Likert Scale:
25
20 21
20
15
10
5
5
2 2
0
Strongly Disagree Disagree Neutral Agree Strongly Agree
Interpretation of the Result: From the above result it is seen that the mean value is
3.32 that indicates that customers neither think that employees are too busy to
respond nor too free to respond. The mode value (4) represents that most of the
respondents are agreed with the above statement that is employees are never too busy
to respond them.
Result on Likert Scale:
Brochures
Training Sheets
Books
Debnath, R.M. (2004). Business of Banking (1st ed.). Dhaka. Lotus Publishers, ISBN
984-32-1093-9.
Said Amir Arjomand (1999). "The Law, Agency, and Policy in Medieval Islamic
Society: Development of the Institutions of Learning from the Tenth to the
Fifteenth Century". Comparative Studies in Society and History. Cambridge University
Press. 263–93.
Journals
Amin, Samir (1978). The Arab Nation: Some Conclusions and Problems. MERIP
Reports 68, 3–14.
Angur, M.G., Nataraajan, R., Jaheera, J.S. Jr. (1999). Service quality in the banking
industry: an assessment in a developing economy. International Journal of Bank
Marketing. 13(3). 116-123.
Nyeck, S., Morales, M., Ladhari, R., & Pons, F. (2002). 10 years of service quality
measurement: reviewing the use of the SERVQUAL instrument. Cuadernos de
Difusion. 7(13), 101-107.
The Cambridge economic history of Europe. Cambridge University Press. 437. ISBN
0521087090.
Timur Kuran (2005), The Absence of the Corporation in Islamic Law: Origins and
Persistence, American Journal of Comparative Law. 53, 785–834 [798–9]
Yavas, U., Bilgin, Z., Shemwell, D.J. (1997). Service quality in the banking sector in
an emerging economy: a consumer survey. International Journal of Bank Marketing.
15(6). 217-23.
Zeithaml, V.A., Berry, L.L., Parasuraman, A. (1993). The nature and determinants
of customer expectations of service. Journal of Academy of Marketing Science. 21(1).
1-12.
http://en.wikipedia.org/
http://www.b2binternational.com/library/whitepapers/pdf/customer_satisfaction
_ surveys.pdf
http://www.grin.com/e-book/4860/superior-service-quality-can-be-a-success-
factor
http://www.indianmba.com/Faculty_Column/FC329/fc328.html
http://www.kushiara.net/
http://www.shahjalalbank.com.bd
http://www.swift.com/about_swift/company_information/index.page?lang=en
http://www.symphonytech.com/articles/pdfs/satisfaction.pdf
http://www.usc.edu/dept/MSA/economics/islamic_banking.html
http://www.westernunion.com/global_organization.html
Lorenzo Totaro (2009-03-04). Vatican Says Islamic Finance May Help Western
Banks in Crisis. Bloomberg.
1 2 3 4 5
1. When SJIBL promises to do 12. SJIBL‘s employees are neat
something by a certain time, it appearing. [ ]
does so. [ ] 13. Materials associated with the
2. When you have a problem, service (such as pamphlets or
SJIBL shows a sincere interest in statements) are visually
solving it. [ ] appealing at SJIBL. [ ]
3. SJIBL performs the service right 14. SJIBL gives you individual
at the first time. [ ] attention. [ ]
4. SJIBL provides its service at the 15. SJIBL has operating hours
time it promises to do so. [ ] convenient to all its
5. SJIBL insists on error free customers. [ ]
records. [ ] 16. SJIBL has employees who give
6. The behavior of employees you personal attention. [ ]
in SJIBL instills confidence 17. SJIBL has your best interest at
in you. [ ] heart. [ ]
7. You feel safe in your 18. The employees of SJIBL
transactions with SJIBL. [ ] understand your specific
8. Employees of SJIBL are needs. [ ]
consistently courteous with 19. Employees in SJIBL tell you
you. [ ] exactly when services will be
9. Employees of SJIBL have the performed. [ ]
knowledge to answer your 20. Employees in SJIBL give you
questions. [ ] prompt service. [ ]
10. SJIBL has modern looking 21. Employees in SJIBL are always
equipment. [ ] willing to help you. [ ]
11. SJIBL‘s physical facilities are 22. Employees in SJIBL are never
visually appealing. [ ] too busy to respond to your
request. [ ]
Age Group: [18-25] [26-33] [34-50] [51 & above] Gender: [Male] [Female]
Profession: [Business] [Service] [Student] [Housewife] Date: