Islamin Financial System

Introduction:

There is overwhelming theoretical and empirical evidence that financial sector development plays an important role in enhancing growth. There are many channels through which financial institutions affect growth. Banks in particular perform some very important functions for society and, in the process, significantly influence major economic variables. Banks provide necessary funds for executing various programs underway in the process of economic development. They collect savings of large masses of people scattered throughout the country, which in the absence of bank would have remained idle and unproductive. These scattered amounts are collected, pooled together and made available to commerce and industry for meeting the requirement.

Islamic banking refers to a system of banking or banking activity that is consistent with the principles of Islamic law (Shariah) and its practical application through the development of Islamic economics. Shariah prohibits the payment or acceptance of interest fees for the lending and accepting of money respectively, (Riba, usury) for specific terms, as well as investing in businesses that provide goods or services considered contrary to its principles (Haraam, forbidden).

Shahjalal Islami Bank Limited () is one of the renowned Shariah based private banks of Bangladesh. Shahjalal Islami Bank Limited avoids interest in all its transactions and provides all available modern banking services to its clients and want to contribute in both moral and material development of human being.

Objective of the study:

The main objective of the study is to grasp idea about Methods of import and export financing. To achieve the main objective the specific objectives are as follows:

← To know the overall import and export procedure.

← To analyze the methods of investment procedure followed by SJIBL.

← To evaluate the performance of the Branch regarding import & export.

Methodology of the Study:

For...