Chapter-1

Introduction

1
1.1 Background of the study:

It is compulsory for all MBA (Master of Business Administration) to organize a

report at the conclusion of the program. As a student of MBA in National university,
my objective is to capture some academic concept and to know how implement this
theoretical idea in our real life solution. Student are applying this concept in different
organizations.
EXIM Bank limited has started its dealing with all the features of a corporate bank
and the product of the both corporate and retail banking system to assists the daily
customer requirement. EXIM Bank limited is always tried to get better service in all
sectors.
The increasing popularity of Islamic economy and banking throughout the world and
in Bangladesh, I have made an attempt to show an overview picture of Islamic
investment of Exim bank and have done some in this report ‘Investment
Mechanisms of Exim Bank Limited’.

1.2 Objectives of the Report

The objective of the report ‘Investment Mechanisms of Exim BankLimited’ is to
fulfil the partial requirement of MBA program. Other objectives are:-
Broad objective :
 To identify the investment services of EXIM Bank limited, satmasjid road
branch.
 To evaluate the quality of services offered by EXIM Bank Limited.

Secondary Objective :
 To gain knowledge about Islamic investment in general.
 To know Exim Bank’s Investment Mechanisms.
 To know about Exim Bank’s loaning performance.

1.3 Methodology:
My supervisor helped me to select the topic of the study. Before assigning the topic,
she discussed with me and emphasized me to do report on particular side of the bank
so that it can be focused deeply and prepared a well-organized report.This report is a

2
descriptive type, overall investment activities of Islamic banks described.Exim bank’s
investment Mechanisms is described.

1.4 Sources of Data:

From my educational background I have learned different methodology in research
process. So in this study I hadthe opportunity to implicate May educational

knowledge in practical field. I have collected data from many sources:

 Primary sources
 Secondary sources

Primary Sources :
 Face to face conversation with the officers.

 Relevant files study as provided by the concerned officers.

Secondary sources:
 Annual report of Exim Bank.

 Publications obtained from website of the bank.

1.5 Benefits:
 It gives us knowledge about banking system.

3
  It helps to know about overall investment banking activities of EXIM
Bank Ltd.
 It provides knowledge about deposit product and services.

1.6 Limitations of the Report:

The officers are very co-operative but they are too busy to give me time to get
knowledge: about practical activities. Moreover they have to deal in a very
competitive environment based on money related activities. I have to prepare this
report alone. Every task has some limitations. I faced some usual constraints during
the course of my report. These are as follows:
Short of time :I had to complete this report writing within a shorter period of time.
So the time constraint of the study hindering the course of vast area and time for
preparing a report within the mentioned period is really difficult.
Busy working environment:
The officials had some times been unable to provide information because of their
huge routine work.
Insufficient data:
Some desired information could not be collected due to confidentially of business.

4
 Chapter-2
Theoretical Framework

5
2.1 what is Investment :
An investment is the purchase of goods that are not consumed today but are used in
the future to create wealth. In finance, an investment is a monetary asset purchased
with the idea that the asset will provide income in the future or will later be sold at a
higher price for a profit.

2.2 Investment Mechanisms:

The firm has acquired extensive experience in advising and representing clients in the
formation, financing, acquisition and sale of various types of investment management
businesses. I have longstanding cooperation relationships with international firms who
provide local specialist advice in the analysis of legal and structural risks and
opportunities in alternative investments, analysis and advocacy regarding complex
derivatives and structured products, mergers & acquisitions – including mergers
among funds, and acquisitions by funds in complex areas such as banking, regulatory,
tax and general legal compliance matters worldwide and fund formation.
The firm further focuses on the structuring and formation of private investment funds,
including global hedge funds, listed funds, private equity funds, secondary funds, real
estate funds, mezzanine debt funds, venture capital funds and funds-of-funds and in
the subsequent representation of these funds in their investment activities. The firm
has, via its network, full capacity to represent financial institutions and investment
banks globally as well as financial boutiques in their roles as investment entities,
sponsors, or placement agents.

2.3 Investment procedure:

The basis for successful investing lies in establishing a dialogue to clarify each client's
needs, goals, risk tolerance and return expectations.  The following process is
designed to progress from productive dialogue to positive action to help clients meet
their needs and achieve their goals:

Step 1 Determine Financial Needs and Goals

Help the client clarify "The Number" that will meet his/her needs and replace his/her
employment wages at retirement.  Understand the client's current
resources, liabilities, and additional goals.

6
Step 2 Develop a Financial Plan
Understanding that retirement will likely last for 30+ years for many clients, I will
select the most suitable mix of investments that will help clients address their needs
with the resources they have.

Step 3 Implementation
It is imperative that the client fully understands all aspects of the investment plan. 
Each client's knowledge and comfort with the plan are essential to long-term success. 
With a heart for education, I want to instill confidence through knowledge.

Step 4 Ongoing Portfolio Review

Regular, periodic reviews of markets, portfolios, and changes to the client's life
circumstances make this the most extensive part of the plan.  Life-long relationships
are established through personal care and service, which I hold out as the cornerstones
of my business.

7
 Chapter-3
Overview of the EXIM Bank
Limited

8
3.1 Background of EXIM Bank Bangladesh Ltd:
Export Import Bank of Bangladesh Limited was incorporated in Bangladesh on June 2
1999 as a banking company under the companies Act 1994. The Bank converted its
banking operation into Islamic Sharia from traditional banking operation on 1st July
2004 after obtaining approval from Bangladesh bank. EXIM bank went for public for
issuing shares in the year 2004. Though this bank started its business in 1999 but its
growth rate was 40.68 % in 2004 and till 2007 it has grown over 200 % from 2004.
The bank has increased its branches to 84 at present and a huge number of customers
are getting services from them each day. That indicated that Sharia banking has an
effect on the growth of the bank. Within an operative period as short as six years, the
bank has arrived at a strong financial and business position by expanding its market
share compared to its contemporaries and to some extent to the 2nd even 1st
generation banks of private sector.

In addition, the Bank has also made a significant contribution to the national economy
under the present leadership and untiring support of the member of the Board of
Directors, who are leading business personalities and reputed industrialists of the
country. EXIM Bank Ltd had established 4 foreign subsidiaries – EXIM Exchange
(UK) Ltd, EXIM Exchange (Canada), EXIM (USA) Inc and EXIM Exchange
(Australia) Ptv. Ltd to provide various financial services (including improvement of
facilities to remit funds) to Bangladeshi residing in the UK, Canada, USA and
Australia respectively. EXIM Islamic Investment Ltd was also established to provide
merchant banking functions and investment in shares, securities and/or other financial
instruments. The bank is providing services through 113 branches which has been
seen a steady increase throughout country with a total manpower of over 2743.

EXIM Bank Ltd seems to have experienced a decline the average number of
employees per branch. The average number of employees per branch had risen a little
after had converted from a conventional bank to Sharia based bank, resulting from the
initial recruitment of various personal well-versed in rules and regulations regarding
Islamic finance and banking.

9
3.2 Organizational Structure of Exim Bank

10
3.3 Mission & Vision

Mission:
The bank has chalked out the following corporate objectives in order to ensure
smooth
achievement of its goals:
 To be the most caring and customer friendly and service oriented bank
 To create a technology based most efficient banking environment for its
customers
 To ensure ethics and transparency at all levels
 To ensure sustainable growth and establish full value to the honourable
stakeholders and
 Above all, to add effective contribution to the national economy Eventually
the bank also emphasizes on:
 Provide high quality financial services in export and import trade
 Providing efficient customer service
 Maintaining corporate and business ethics
 Being trusted repository of customers’ money and their financial adviser.
 Making its products superior and rewarding to the customers
 Display team spirit and professionalism
 Sound Capital Base
 Enhancement of shareholders’ wealth

Vision:
The gist of our vision is ‘Together Towards Tomorrow’. Export Import Bank of
Bangladesh Limited believes in togetherness with its customers, in its march on the
road to growth and progress with service. To achieve the desired goal, there will be
pursuit of excellence at all stages with climate of continuous improvement, because,
in EXIM Bank, we believe, the line of excellence is never ending. Bank’s strategic
plans and networking will strengthen its competitive edge over others in rapidly
changing competitive environment. Its personalized quality services to the customers
with trend of constant improvement will be the cornerstone to achieve our operational
success.

11
3.4 Corporate Information (EXIM BANK) At a Glance:
(Information as per last Annual Report 2011)
Name of the bank : EXIM Bank of Bangladesh Limited
Status : Private Limited Company
Date of Incorporation : 2nd June, 1999
Inauguration of the first branch : 3rd August, 1999
Authorized Capital : Tk. 20,000.00 Million
Paid-up-capital : Tk 9,223.56 Million
Investment (General) : 99699.63
Deposits : 107881.21
Number of Shareholders : 126,681
Chairman : Mr. Md. Nazrul Islam Mazumder.
Managing Director : Mr. Md. Fariduddin Ahmed
Directors : 21
Number of Branches : 62 (Including SME/Agriculture)
Number of Employees : 1724
Head Office : SYMPHONY, Plot No.SE (F)-9, Road No-142
Gulshan Avenue, Dhaka-1212, Bangladesh
Credit Rating : ‗AA-‗ (High Safety) : ‗ST-2‘ (High Grade)

3.5 Dividend Position of The EXIM Bank:

Year wise Dividend Position of the Bank

Year % Cash % Stock Total
dividend dividend
1999 Nil Nil Nil
2000 14.00% Nil 14.00%
2001 25.00% 12.50% 37.50%
2002 8.00% 24% 32.00%
2003 40.00% Nil 40.00%
2004 Nil 40% 40.00%
2005 Nil 30% 30.00%
2006 Nil 25% 25.00%
2007 7% 25% 32.00%
2008 Nil 26% 26.00%
2009 Nil 35% 35.00%
2010 Nil 35% 35.00%
2011 Nil 14% 14.00%

12
2012 Nil 10% 10.00%
(Recommended)
Source: Annual Report 2019

3.6 Foreign Remittance

Foreign remittance is the transfer of foreign currency from one country to another
country. Actually, foreign remittance is purchase and sale of freely convertible
foreign currencies as permissible under exchange control regulations of the country.
Foreign remittance is very important for the country as valuable foreign exchange is
involved in the transfer mechanism.
3.6.1 Types of Remittance:
There are two types of foreign remittance
o Foreign Inward Remittance
o Foreign Outward Remittance

Figure: Types of Foreign Remittance.

3.6.2 Foreign Inward Remittance

Remittance comes from foreign countries to our country is called inward remittance.
To the bankers or Ads inward remittance means purchase of foreign currency by
authorized dealers. Generally, inward remittances are received by draft, mail transfer,
TT, purchase of foreign bills& traveler‘s cheque, export bills; basically, these are the
formal channels of receiving inward remittance. A local bank also receives indenting
commission of local firm also comes under purview of inward remittance.

Inward Remittance:

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  Telegraphic Transfer (TT)
 Mail Transfer (MT)
 Foreign Draft (FD)
 Payment Order (PO)
 Travelers Check (TC)
 Foreign Currency Notes

Collection procedure:
 To make entry in Foreign Bills Collection Register
 To prepare forwarding Schedule in Quadruplicate
 To prepare vouchers on realization of proceeds Payment Procedure
 To check up the custom declaration
 To consult purchase agreement
 To obtain the signature of TC and to verify the same with the previous
signature of the beneficiary on the TC
 To make entry register for TC and Drafts purchased
 To prepare vouchers and FET schedule
 Lastly send for collection

Cancellation of Inward Remittance:

In the event of any inward remittance which has already been reported to the
Bangladesh Bank, being subsequently cancelled, either in full or part, because of non-
availability of beneficiary
Authorized Dealer must report the cancellation of inward remittance as an outward
remittance of form ―T/M‖ required document are
 The date of return in which the inward remittance was reported
 The name and address of the beneficiary
 The amount of the purchase as effected
 Reasons for cancellation

3.6.3 Foreign Outward Remittance

14
Remittance from our country to foreign countries is called outward foreign
remittance. Sales of foreign currency by the authorized dealer or formal channels may
be addressed as outward remittance. The authorized dealers must utmost caution to
ensure that foreign currencies remitted or released by them are used only for the
purposes for which they are released. Outward remittance may be made by
appropriate method to the country to which remittance is authorized. Most outward
remittance is approved by the authorized dealer on behalf of Bangladesh Bank.
 Telegraphic Transfer (TT)
 Mail Transfer (MT)
 Foreign Draft (FD)
 Payment Order (PO)
 Travelers Check (TC)
 Foreign Check (FC)
 Foreign Currency Notes

Outward remittance in favor of beneficiaries outside Bangladesh may be made in any

of the following manners-

Formal channel:
Fund transfer from one country to another country through official channels, i.e.
banking channel, post office, and other private service channels, such as- Western
money order, Neno money order etc.

Informal Channel:
Fund transfer from one country to another country through hand by hand or over
telephone in an unofficial channel like as ―Hundy‖. Remittance collected by informal
―Hundy‖ rings operating in Middle East countries and UK are also used to finance
illegal trade and transactions.

15
3.7 Overall performance – (Financial Data)
Updated on: September 14, 2019
1 Authorized Capital 2000.00 2000.00 2000.00 2000.00 2000.00
2 Paid-up Capital 1283.86 1412.25 1412.25 1412.25 1412.25
3 Reserve Fund 611.83 686.99 784.64 888.55 972.09
4 Deposits 20029.44 22506.45 24854.04 28402.61 30078.66
5 Investment (General) 17793.68 19631.14 22215.53 25380.34 30503.61

Investment ( Shares&
6 Securities Exclu.1522.17 1719.39 1606.33 2112.42 2353.14
Subsidiaries)

7 Foreign Exchange Business 28498.47 30226.64 30546.57 33970.12 36653.34

  a) Import Business 14679.56 15270.33 15393.05 17904.03 18953.04

  b) Export Business 13441.24 14579.64 14750.87 15558.22 17173.13

  c) Remittance 377.67 376.67 402.65 507.87 527.17
8 Operating Profit 600.38 634.86 590.33 585.65 686.39
Investment as % of total
9 88.84% 87.22% 89.38% 89.36% 93.78%
Deposit
No. of Foreign
10 398 383 390 393 394
Correspondent
11 Number of Employees 2458 2696 2743 2791 2964

12 Number of Branches 87 103 113 118 123

13 Return on Assets after tax 1.16% 0.88% 1.06% 1.02% 0.65%

14 Return on Equity 11.35% 9.06% 11.32% 11.80% 8.22%

3.8 Products and Services:

Exim bank offers different types of financial products and services. Those are given
below:

Retail Corporate SME Agri Remittance

16
banking banking banking banking
Deposits Investments EXIM EXIM Foreign remittance-
Uddyog Kishan EXIM Exchange
company (UK)
Investment Foreign exchange and EXIM Ltd
Cards trade finance- Abalamban EXIM Exchange
Internet Correspondent company
banking banking (Canada) Ltd
SMS banking Import SWIFT
Locker finance International
services Export Operations
finance

17
 Chapter-4
Investment Mechanisms of EXIM
Bank Limited

18
4.1 Investment product & services
 Retail Banking
As a 3rd generation leading commercial bank operating under Islamic Shariah, EXIM
bank provides/deals in a variety of banking services including wide range of deposit
and investment products, foreign exchange, remittance and other ancillary services with
the support of most sophisticated/modern IT and professional management. The
investment portfolio of the bank comprises of diversified areas with all nationally
identified thirst sectors/areas of business and industry. The bank has given utmost
importance/efforts to park and maintain quality assets and is committed to retain good
customers through congenial customer relationship management and financial
counseling considering the customers as a real business partners. At the same time
efforts have been made to induct new customers having vast potentiality, to diversify
existing portfolio and explore new potential business area adjustable with the change in
business growth of national economy and global trend as well. By adapting the
aforesaid technique/process bank has attained a great success in building a well
established and structured investment port-folio and minimizing overall portfolio risk.
The main investment businesses are focused on the following sectors/areas
• Ready Made Garments
• Hospitals & Clinics
• IT Related business
• Agricultural and Agricultural developments items
• Fishing and fishing business promotion
• Telecommunication
• Transportation and communication
• Forestry and furniture
• Construction business and housing development
• Leather and leather goods
• Plastic and other synthetics
• Entertainment
• Photography
• Ceramic
• Hotel & tourism
• Warehouse and container services
• Printing and packaging

19
• Gunning and Bailing
• Pathological Laboratories
• Cold Storages
• Horticulture- Flower growing and marketing
• Food and oil processing plants
• Other admissible trading and intermediaries

Corporate Banking
 Corporate finance
 Industrial finance
 Project finance

4.2 Investment of Exim Bank:

Exim Bank is working as a financial intermediary where their main source of fund
comes from individual, corporate and institutional investors. The investor’s money is
then channeled to venture investor’s choice. Some strong roles played by Exim Bank,
in line with their depository duties. Then the Bank provides financing to the ventures
or users of fund. This whole process is maintained by Islamic rules.
Total Investment (General) of the Bank stood Tk.253,803.43 million as on 31
December 2019 against Tk. 222,155.35 million as on 31 December 2016 registering a
growth of 14.25%.
Investment (General) has been increasing over the years to support financing needs of
the new and existing customers through diversified Investment Products Five Years
Investment (General) growth of the Bank is shown in the graph below :

20
4.3 Mode-wise Investment:
Different mode of Investment products is offered for fulfilling the customers demand.
Major categories of products are Bai-Muazzal, Bai-Murabaha, Bai-Salam, Bai-as-
Sarf, Musharaka and Mudaraba Import Bill. Major product-wise investment is shown
below:

4.4 Major Industry-wise Investment:

The bank has diversified its product in different industries for minimizing the risk. Major
industry-wise investment of the Bank is given in the table below:

4.5 Mode of Investment:

Different mode of investment of Exim bank is discussed below:
1. Murabaha:
Murabaha is an Islamic investment system where the bank buys a property with free and
clear title. It is interest free loan which is considered as riba rather it is an acceptable form
of credit sale indershariah law.

2. Bai-Muazzal:

21
Bai-Muazzal is a contract between a buyer and a seller where the seller sells specific
goods which has permitted in Islamic shariah, to the buyer at an agreed fixed price
payable within a fixed period by fixed instalments.

3. IzaraBilBaia:
IzaraBilBaia is a mode of investment under which the bank as per contract shall invest
purchasing durable assets line machineries equipment, transport, land and building etc.
along with the customer under the rules and regulations of bank.
4. Wazir at Bil Wakala:
Wakalah is a term in Islamic finance that means an agency contract, Wakalah is a non-
binding contract and the agent or the principal may dismiss this agency contract at any
time, as jointly settled by both parties.
5. Quard:
It is a mode to offer financial loan with the condition to return the principal amount in the
future without any increase thereon.
6. Local Documentary Bill Purchased:
Disbursement made in contradiction of documents on behalf of sell of goods to local
export oriented industries that are considered as exports and which are denominated in
Local Currency falls under this head. This short-term liability is variable from proceeds of
the Bill.
7. Foreign Documentary Bill Purchased:
Disbursement made to a customer through purchase of a foreign documentary bills
falls under this head. This short-term investment is adjustable from the proceeds of
the export documents

4.6 Investment Method:

Loaning is the principle profit creating movement of EXIM bank ltd. The evaluation
of investment examination process is appeared as an arrangement of successive by the
acco mpanying graph:

22
23
4.7 Audit Credit Data Department (CIB) Report:
Checking on the CIB reports are most important assignment for Bank which are given
by the Bangladesh Bank. Fundamentally EXIM Bank considering the CIB report for
the reason on business investment to think about past data of customer. Along these
lines bank entirely takes after the CIB report according to rules and control of BRPD
guideline. In the wake of getting the customer data, bank go for checking CIB of the
specific customers by means of online from Bangladesh Bank site. The motivation
behind this report is to be regardless of whether the borrower has taken any credit and
advances from some other bank and the status of those advance and advances

4.8 Documentation:
The bank does not dispense any credit office until the point when the required
documentation is appropriately finished. After fulfilment of credit examination, the
bank official starts to get ready investment proposition. The investment proposition
characterizes unmistakably sum and kind of investment, the reason for the office,
synopsis of the consequences of risk appraisal, the wellsprings of reimbursement,
tenor, contracts, the concurred reimbursement calendar, profit and estimation of
security

4.9 Investment Risk

When an investment installment has not been made as of its due date is called due.
Customer’s credit worthiness could have been made a negative impact if they fail to repay
an investment on time. If the bank failed to collect the full value of the investment, the
bank must report to the CIB of Bangladesh Bank

In the regard, all the investments are grouped into four categories for the purpose of
classification, namely:

1. Continuous Investment
2. Demand Investment
3. Fixed Term Investment
4. Short-term Agriculture and Micro Investment

24
4.10 Time Series Analysis:
Time series analysis is a statistical method that can help to predict the future from
analyzing past data of a particular company or organization. It deals with time series data
which means that data is in a series of particular time period or intervals.
In this report, time series analysis is done, for predicting future from past five years’ data
of non-performance loan and provision

4.11 Non-Performing Loan:

A non-performing loan is a sum of borrowed money upon which the debtor has not
made the scheduled payments for a period of time. A non-performing loan is either in
default or close to default.
Exim bank’s five years’ data of non-performing loan is given below
Year Non-Performing
Loan
2015 146.03
2016 275.73
2017 225.74
2018 459.41
2019 550.93

4.12 Loan Provision:

A loan provision is a cost put aside, as an allowance for uncollected loans and loan
instalments. This provision is utilized to cover various elements related with potential
credit losses including bad loans, client defaults and renegotiated terms of an advance that
bring about lower than already evaluated instalments.
Four years’ data of loan provision of Exim Banks’s are given below in a table:

Year Provisions
2016 436.55
2017 410.89
2018 662.59
2019 808.32

25
 Chapter-5
Analysis& Finding

26
5.1 SWOT Analysis:
A SOWT analysis has been conducted for EXIM Bank Ltd. This investigation
summarizes the keys issues from the business environment and the strategic capability
of EXIM Bank Ltd Satmasjid Road Branch that are most likely to impact on strategy
development.

SWOT

Internal External

Strengths Weaknesses Opportunities Threats

Strength:
 Earned good reputation among customers and regulators within a very short
period.
 Has grown quite rapidly in all spheres of banking services.
 Gives relatively higher return on deposits in saving schemes than other banks.
 Lending rate is relatively competitive.
 Makes it lending decision with utmost prudence and has a very low level of
bad an doubtful loans.
 Service charges are comparatively reasonable.

Weaknesses
 Limited advertising and publicity of bank’s products and activities.
 Inadequate Capital and money market instruments.

Opportunities
 Growth of global economy and Bangladesh’s foreign trade in the coming
years can provide huge growth opportunities.
 Small & Medium Enterprise (SME) and retail banking can provide good
opportunity for growth.
 Online banking facilities can make the operation of the bank more efficient.
 Expansion of banking services into other different services.

27
Threats
 The macroeconomic situation of the country can deteriorate.
 Government has been controlling industrial credit.
 Political unrest in Bangladesh.
 Weakness of Economical of the country.

28
5.2 Findings
The major Findings of my study are follows:
 EXIM Bank Bangladesh Ltd focuses on Islami Shariah based banking system.

The main motive of their service is profit sharing.

 EXIM is a centrally online bank, which is very important to cope up with

today's technological developed world.

 EXIM Bank is quick service provider.

 The behaviour of the employees is satisfactory. They are very friendly and

helpful.

 The officers maintain the formal dress code.

 They never keep anything pending.

 There is a gap between the customers and bankers. Customers are unaware

about the moral of Banking System. Sometimes they are not familiar with the

rules of Banking.

 Advertising and promotion are the weak points of EXIM Bank Limited.

EXIM Bank does not have any effective marketing activities, Satmasjid Road

Branch.

 These are some factors that I have found during the study of my report.

29
 Chapter-6
Conclusion and Recommendations

30
5.1 Recommendations
EXIM Bank is undoubtedly a very well organized Bank. But there are some sector,
where they need to focus on or they need to improve. I would like to offer some
suggestions and recommendations to overcome the problems relating the
aforementioned topic of EXIM Bank and also to improve the performance of EXIM
Bank regarding general banking, Investment and foreign exchange activities:

 Investment banking facilities should be improved rather than conventional

banking system.
 The bank should consider the customer complain when they raise any
problem.
 The Bank should provide quick customer service to avoid haphazardness.
 To develop awareness about Islamic Banking among the clients more effective
efforts, like seminars, symposia and get-togethers along with different
motivational programs should be taken and implemented.
 Efforts should be made to increase Bank’s investment under Mudaraba &
Mishawaka modes.
 Deposit related Promotional Activities should be increased of the Satmasjid
Road Branch.
 Try to develop new and innovative products under profit and loss sharing
basis.

31
5.2 Conclusion:
Banking system of Exim bank is updating according to customer’s need. They are
trying to give the best service to their customers. As an Islamic country like
Bangladesh the conventional banking system is not acceptable publicly. By offering
Shariah based product they are actually doing social work and the customers to
maintain their religion properly. Success in the banking business largely depends on
effective lending. Less the amount of loan losses, more the income will be generated
from investment operation here lies the success of Exim bank limited.

32
References:

 EXIM bank Annual report; 2015, 2016,2017, 2018, 2019

 Investment Banking Booklet of EXIM Bank Ltd.
 Investment policy manual-2017 of EXIM bank ltd.
 www.eximbankbd.com
 https://islamicmarkets.com/education/shariah-supervisory-board
 (http://article.sciencepublishinggroup.com/html/10.11648.j.ijber.20160505.14.
html)
 https://www.bb.org.bd/aboutus/regulationguideline/islamicbanking/guideislam
icbnk.pdf
 https://www.investopedia.com/

33