Internship Mojnu MBA - Have to Read This Report to Acquire Knowledge

8/18/2019 Internship Mojnu MBA - Have to Read This Report to Acquire Knowledge

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Internship Report

On

Recruitment and Selection ProcessOf

Exim Bank Limited.

Supervisor:

Dr. Md. Nazmul Karim Chowdhury

Professor

Department of Management Studies

ni!ersit" of Dhaka

Dhaka#$%%%

Prepared By

Md. Mijanur Rahman

Roll &o '$(

Serial &o ')*Stream+ ,uman Resource Management

Department of Management Studies

ni!ersit" of Dhaka

Dhaka#$%%%

Date of Su-mission Octo-er%/ %%0


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Leer o! "ransmial

Octo-er%/ %%0

1o

Dr. Md. Nazmul Karim Chowdhury

Professor

Department of Management studies

ni!ersit" of Dhaka

Dhaka#$%%%

Su-2ect+ Su-mission of internship report 3 Recruitment and Selection process of

Exim Bank Limited” Sir/

4ith due respect and hum-le su-mission to state that I am Md. Mi2anur Rahman is

su-mitting m" internship report on 3 Recruitment and Selection process of Exim

Bank Ltd” for "our kind consideration and e!aluation as a part of re5uirement in

completing MB6 program. 1his internship report contains general information a-out

Exim Bank and its recruitment and selection process. 1o su-mit this report I -elie!e/ I

ha!e tried m" -est to gather information from su-2ected organi7ation.

8or "our kind consideration/ I 9ould like to mention that there might -e some mistake

due to the limitation of m" kno9ledge and time constraint. I expect that "ou 9ill

forgi!e me considering that I am still learning and in the process of learning.

Sincerel" "ours/

::::::::::.

Md. Mi2anur Rahman

Roll &o ' $(

Serial &o ' )*

Stream+ ,uman Resource Management


ni!ersit" of Dhaka/

Dhaka#$%%%


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Pre!a#e

Practical orientation is greatl" differing from theoretical kno9ledge through its

operation complexit" and implementation. 1o 2ustif" the theoretical kno9ledge/

practical orientation has great importance. Internship program is a great opportunit" to

2ustif" the theoretical kno9ledge in respect to the practical 9orld. So it is timel"

decision for Department Management studies to introduce this t"pe of Internship

program for the students of MB6 for -etter understanding and orientation 9ith the

practical 2o- en!ironment.

1he internship program -asicall" is an opportunit" to minimi7e the gap -et9een

theoretical and practical kno9ledge. 6s MB6 students/ it 9as m" great pri!ilege to -e

in touch 9ith the organi7ation as Exim Bank Limited Ltd/ 9hich is undou-tedl" the

most efficient and -est performing -anking institution in our countr". In this report I

ha!e tried m" -est to make the stud" successful for 9hich I ha!e -een assigned. Iconfess there might -e some mistakes/ some adolescent efforts. It 9ill dri!e happiness

if I find m" 9hole efforts ser!e/ at least/ to some extent for 9hich it has -een

prepared.

:::::::::::..

Md. Mi2anur Rahman

Roll &o ' $(

Serial &o ' )*

Stream+ ,uman Resource Management


ni!ersit" of Dhaka/

.


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$#%nowled&emen

ndou-tedl" all praise to 6llah. So/ first of all/ I express m" deep gratitude to the

almight" 6llah 9ho created and nurture us in this transitor" 9orld. I also ha!e to put

m" heartfelt respect and gratitude for the kindness and cooperation that 9as pro!ided

to me to complete m" assigned report on the topic of 'Recruitment and Selection

process of Exim Bank Limited(. In preparing m" report I ha!e taken great assistance

and support from some persons and organi7ation .I 9ould like to express m" gratitude

and heartfelt thanks to all them 9ho super!ised me and gi!e guidance throughout the

stud".

I express m" sincere gratitude to respected teacher Professor Dr. Md. Nazmul Karim

Chowdhury 9ho guided super!ised me during the stud". I 9ould like to thank all the

facult" mem-ers of Exim Bank Limited Ltd especiall" to Md. ;akaria 8aru5 / Senior

eneral Banking In charge = Second Officer of &a9a-pur -ranch/ Idris 6li

/ 8oreign exchange in charge / Executi!e Officer and Ro5ui-ul ,asan/ In!estment In

charge Executi!e Officer 9ho ga!e me necessar" information and excellent guidance

to prepare this internship report

Last of all I 9ould like to express m" thanks to the authors/ researchers/ article 9riters

and friends 9ho helped me in e!er" stage of the report -" pro!iding !alua-le

information and suggestion in respect of preparing this report.

::::::::.

Md.Mijanur Rahman.


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"a)le o! Conens

"opi#

Letter of 1ransmittalPreface

6ckno9ledgement

1a-le of contents

Executi!e summar"

Chaper*+ne ,-nrodu#ion

$.$ Statement of the report

$. Scope of the report$.* O-2ecti!es of the report

$.? Methodolog" of the report

$.) Limitation of the report

Chaper* "wo ,Ban%in& Se#or in Ban&ladesh

.$ Introduction

. Banking Sector in Bangladesh

.* &um-er and 1"pes of Bank

.? Bangladesh Bank

.) Ser!ices of Banking Sector

.@ Monetar" and Aredit Polic"

.( Aonclusion

Chaper* "hree ,-slami Ban%in&

*.$ Definition and Aoncept of Islami Bank

*. ,istor" and >ro9ing of Islami Banking

*.* Salient 8eatures of Islamic Banks

*.? Basic O-2ecti!e of Islamic Banks

Chaper /0our ,12im Ban% Limied

?.$ Introduction

?. ,istorical Background

?.* Mission

?.?


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?.@ 8eatures of Bank

?.( 8unctions of Exim Bank

?. Aapital of the Bank

?.$% Performance E!aluation

?.$$ Aonclusion

Chaper / 0ive ,Re#ruimen and Sele#ion Pro#ess o! 12im Ban%

).$ Introduction

). Recruitment

).* Selection

).? Recruitment and Selection Process

).) Recruitment and Selection Process of Exim Bank

).@ Re5uisition

).( Pu-lished Co- 6d!ertisement

).0 6rrangement of 4ritten 1est

). 6rrangement of


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12e#uive Summary

1he Internship report is prepared as re5uirement of MB6 program of Department of

Management studies/ Stream+ ,uman Resource Management/ ni!ersit" of Dhaka.

1his report focuses on % da"s 9orking experiences in &a9a-pur Road -ranch/

Export Import Bank of Bangladesh Limited.

1his report attempts to find out the process of Recruitment and Selection in Export

Import Bank of Bangladesh Limited. In this report I tried at m" -est to find out the

real scenario of the Recruitment and Selection in Export Import Bank of Bangladesh

Limited. Recruitment and Selection are the most important task of an" organi7ation to

attract potential emplo"ees.

1his report gi!es detail a-out recruitment and selection in Export Import Bank of

Bangladesh Limited/ 9hat recruitments needed for getting 2o-s in this organi7ation

and su- procedures of recruitment and selection process.

In Export Import Bank of Bangladesh Limited/ recruitment and selection procedures

include these steps Re5uisition/ Pu-lished Co- 6d!ertisement/ 6rrangement of

4ritten 1est/ 6rrangement of


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Chaper* +ne

Introduction


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1o access m" le!el of kno9ledge

1o find out the 9ho are 9ho are the most potential emplo"ees of Exim Bank

Limited

1o ac5uire kno9ledge a-out recruitment and selection

1o kno9 9hat re5uirements needed for getting 2o- in Exim Bank Limited to

find out lack age of information in their procedure of recruitment and

selection.

1o -uild m" career as a potential human resource manager.

1o find out the critical steps of the recruitment and selection process of Exim

Bank Limited

1o identif" the pro-lem of procedures.

1o recommendation that ma" -e necessar" to redesign the recruitment and

selection process of Exim Bank Limited.

3.6 Mehodolo&y o! he sudy:

1o conduct the stud" !arious methods techni5ue and tools are used. 1he necessar"

data 9ere collected from -oth primar" and secondar" sources. Mainl" I used

secondar" data to prepare the report

Secondar" sources are#

6nnual report of Exim Bank Limited

6udit reports.

4e-site pages.

Rele!ant -ooks.

Research papers/ 2ournal and ne9spaper.

Internet and !arious studies selected topic.

Exim Bank Limited general regulations

Prospectus and hand out of Exim Bank Limited.

6lso I ha!e collect primar" data through face to face con!ersation 9ith the respecti!e

officer of Exim Bank Limited in Bangladesh.


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3.7 Limiaion o! he sudy:

1he main limitation of the report is to find out the true picture of recruitment and

selection process in Export Import Bank of Bangladesh limited -ecause real

information is not a!aila-le. 8rom the -eginning to end/ the report has -een conducted

9ith the intention of making it as complete and truthful one. ,o9e!er man" pro-lems

appeared in the 9a" of conducting the report. During the stud" it 9as not possi-le to

!isit the 9hole area. 1he stud" considers follo9ing limitations

1he time period for this report 9as short.

Lack of experiences.

Lack of in#depth kno9ledge and anal"tical a-ilit" for 9riting

such report.

6ll of the concerned personnel of the organi7ation ha!e not

inter!ie9ed.

1he insufficienc" of information is the main constraint of the

report moreo!erG personnel are not interested to pro!ide all

information due to securities and other regulations.


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Chaper* "wo

Banking Sector in Bangladesh


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4.3 -nrodu#ion:

8inancial structure primaril" depends on the le!el of economic and social

de!elopment of a particular countr". Its in!ol!e through a historical process along

9ith the le!el of de!elopment different kinds of financial institution gro9 and de!elop

to meet different kinds of needs of economic and social de!elopment . 1he 9ord -ank

9as pro-a-l" deri!ed from the 9ord H-enchH as during ancient time Ce9s used to do

mone" #lending -usiness sitting on long -enches. 8irst modern -anking 9as

introduced in $@@0 in Stockholm as HS!ingss Pis BankH 9hich opened up a ne9 era of

-anking acti!ities throughout the European Mainland.In the South 6sian region/ earl"

-anking s"stem 9as introduced -" the 6fghan traders popularl" kno9n as

a-uli9allas. Muslim -usinessmen from a-ul/ 6fghanistan came to India and

started mone" lending -usiness in exchange of interest sometime in $*$ 6.D. 1he"

9ere kno9n as Ha-uli9allasH.

4.4 Ban%in& Se#or in Ban&ladesh:

4hen Bangladesh 9as full" li-erate on Decem-er $@/ $($ the -anking sector 9as a

!er" small one. It contains of onl" a-out $$%% -ranches 9ith a total deposit of a-out

1 *%% cores onl". 1he >o!ernment of PeopleFs Repu-lic of Bangladesh took o!er

the assets lia-ilities of all the -ranches of Pakistan o9ned -anks operating in

Bangladesh and t9o -anks o9ned -" the Bengalese. On nationali7ation/ the position

9as as follo9s+

List of o9ned -anks of >o!ernment after $($

Before &ationali7ation in $($ &ationali7ed Banks

&ational Bank of Pakistan

Bank of Bha9alpur Ltd

Permier Bank Ltd

Sonali Bank

,a-i- Bank Ltd

Aommercial Bank Ltd 6grani Bank


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nited Bank Ltd

nion Bank Ltd

Canata Bank

Muslim Bank Ltd

Standard Bank Ltd

6ustralia Bank Ltd

Rupali Bank

Eastern Mercantile Bank Ltd Pu-ali Bank

Eastern Banking Aorporation ttara Bank

It 9ill appear from the a-o!e information that -anking in independent Bangladesh

started 9ith onl" %@ nationali7ed commercial -anks. In the su-se5uent "ears

follo9ing independence/ ho9e!er num-er of -anks has su-stantiall" increased. 6s of

toda" %%%#%%$ num-er of commercial -anks stands at ? including ? Islamic -anks

and $* foreign -anks in %%%#%%$/ in addition to these ?@ commercial -anks/ there

are % speciali7ed -anks including %* agricultural -anks and %$ cooperati!e -ank. In

total more than @$)% -ranches 9ere in operation ha!ing more than 1 0$%%% cores of

deposits during %%%#%%$.

4.5 Num)er and "ypes o! Ban%

1he num-er of -anks in all no9 stands at ? in Bangladesh. Out of the ? -anks/ four

are &ationali7ed Aommercial Banks &ABs/ 0 local pri!ate commercial -anks/ $

foreign -anks and the rest fi!e are De!elopment 8inancial Institutions D8Is.Sonali

Bank is the largest among the &ABs 9hile Pu-ali is leading in the pri!ate ones.

6mong the $ foreign -anks/ Standard Ahartered has -ecome the largest in thecountr". Besides the scheduled -anks/ Sama-ai Aooperati!e Bank/ 6nsar#


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4.6 Ban&ladesh Ban%:

Bangladesh Bank BB has -een 9orking as the central -ank since the countr"Hs

independence. Its prime 2o-s include issuing of currenc"/ maintaining foreign

exchange reser!e and pro!iding transaction facilities of all pu-lic monetar" matters.

BB is also Bangladesh Bank BB has -een 9orking as the central -ank since the

countr"Hs independence. Its prime 2o-s include issuing of currenc"/ maintaining

foreign exchange reser!e and pro!iding transaction facilities of all pu-lic monetar"

matters. BB is also responsi-le for planning the go!ernmentHs monetar" polic" and

implementing it there-". 1he BB has a go!erning -od" comprising of nine mem-ers

9ith the >o!ernor as its chief. 6part from the head office in Dhaka/ it has nine more

-ranches/ of 9hich t9o in Dhaka and one each in Ahittagong/ Ra2shahi/ hulna/

Bogra/ S"lhet/ Rangpur and Barisal.

4.7 Servi#es o! Ban%in& Se#or:

Curren $##oun:

>enerall" this sort of account opens for -usiness purpose. Austomers can 9ithdra9

mone" once or more against their deposit. &o interest can -e paid to the customers in

this account. If the amount of deposit is -elo9 taka $/%%% on an a!erage the -ank has

authorit" to cut taka )% from each account as incidental charge after e!er" six months.

6gainst this account loan facilit" can -e ensured. suall" one can open this account

9ith taka )%%. One can open this sort of account through cash or checkJ-ill. 6ll the

-anks follo9 almost the same rules for opening current account.

Savin&s Ban% $##oun:

suall" customers open this sort of account at a lo9 interest for onl" securit". 1his is

also an initiati!e to create peopleHs sa!ings tendenc". >enerall"/ this account is to -e

opened at taka $%%. Interest is to -e paid in Cune and Decem-er after e!er" six

months. If mone" is 9ithdra9n t9ice a 9eek or more than taka $%/%%% is 9ithdra9n


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if )K more compared to total deposit then interest is not paid. 1his account

guarantees loan. 6lmost all the -anks follo9 the same rules in the field of sa!ings

account/ except foreign -anks for !ar"ing deposit. On an a!erage/ all the -anks gi!e

around six percent interest.

-nerne Ban%in&

Austomers need an Internet access ser!ice. 6s an Internet Banking customer/ he 9ill

-e gi!en a specific user ID and a confident pass9ord. 1he customer can then !ie9 his

account -alances online. It is the industr"#standard methods used to protect.

Aommunications o!er the Internet.1o ensure that customersH personal data cannot -e

accessed -" an"one -ut themG all reporting information has -een secured using


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"ale Ban%in&:

1ele Banking allo9s customers to get access into their respecti!e -anking information

? hours a da". Su-scri-ers can update themsel!es -" making a phone call. 1he" can

transfer an" amount of deposit to other accounts irrespecti!e of location either from

home or office.

S9-0":

S9ift is a Bank o9ned non#profit co#operati!e -ased in Belgium ser!icing the

financial communit" 9orld9ide. It ensures secure messaging ha!ing a glo-al reach of

@/?) Banks and 8inancial Institutions in $(0 countries/ ? hours a da". S4I81

glo-al net9ork carries an a!erage ? million message dail" and estimated a!erage!alue of pa"ment messages is SD trillion. S9ift is a highl" secured messaging

net9ork ena-les Banks to send and recei!e 8und 1ransfer/ LJA related and other free

format messages to and from an" -anks acti!e in the net9ork. ,a!ing S4I81 facilit"/

Bank 9ill -e a-le to ser!e its customers more profita-le -" pro!iding LJA/ Pa"ment

and other messages efficientl" and 9ith utmost securit". Especiall" it 9ill -e of great

help for our clients dealing 9ith Imports/ Exports and Remittances etc.

4. Moneary and Credi Poli#y:

1he monetar" and credit polic" for the financial "ear that ended in Cune/ %%% 9as

formulated 9ith the o-2ecti!e of full utili7ation of domestic resources and rapid

economic gro9th through priorities for agriculture/ industr"/ export/ and expansion

and strengthening of the pri!ate sector/ at the same time keeping inflation 9ithin

tolera-le limits. 6 modern expansionar" monetar" and credit polic" 9as adopted in

order to make good the losses to agriculture/ industr"/ and infrastructure -" the

de!astating floods of $0. 6fter the flood the econom" remained sluggish in the first

5uarter of $#%%% and the pri!ate sector demand for credit shrank. In !ie9 of this/

the 6nnual De!elopment Program 6DP 9as expanded and de!elopment acti!ities in

the pri!ate sector 9ere geared up. 6s a result/ the pu-lic sector a-sor-ed credit at an

accelerated rate. 1hough credit to the pri!ate sector picked up to9ards the end of the

"ear/ the o!erall annual gro9th 9as smaller than programmed/ although gross

domestic credit expanded a little faster than pro2ected. Mone" suppl" increased -"$).*K in $#%%% compared to the expansion of 0.@K in the preceding "ear.

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Narrow Money:

&arro9 Mone" increased -" 1k. /@*$.% crores or $).*K to 1k.$00$.*% crores in

$#%%%. Of the components of &arro9 Mone"/ currenc" outside -anks 9ent up -"

1k.$?0.?% crores or $(.K to 1k.$%$(@.%% crores/ and demand deposits 9ent up -"

1k.$$?.)% crores or $*.*K to 1k.(%).*% crores.

Broad Money:

Broad Mone" increased -" 1k.$$(*).(% crores or $0.@K to 1k. (?/(@.?% crores in

$#%%% compared to the increase of $.0K in the preceding "ear. Of the

components of Broad Mone"/ &arro9 Mone" increased -" $).*K and time deposits

rose -" $.K compared to the increase of 0.@K in &arro9 Mone" and $?.)K in time

deposits in the preceding "ear. 1he shares of currenc" outside -anks/ demand deposits

and time deposits in Broad Mone" stood at $*.@K/ $*.%K/ and (*.?K respecti!el" on

*%th Cune/ %%% compared to $*.0K/ $*.@K and (.@K respecti!el" on *%th Cune/

$. Expansion of credit to the pri!ate sector/ go!ernment sector net/ pu-lic sector/

and other assets net/ along 9ith a surplus in net foreign assets contri-uted to the

expansion of Broad Mone".

Reserve Money:

Reser!e Mone" increased -" 1k.*$.0% crores or $).(K to 1k.$(%@?.)% crores in

$#%%% compared to the increase of 0.*K during the preceding "ear. Of thecomponents of Reser!e Mone"/ currenc" outside -anks increased -" 1k.$?0.?%

crores or $(.$K compared to the increase of 1k.)**.*% crores or @.)K during the

preceding "ear. Scheduled -anks -alances 9ith the Bangladesh Bank increased -"

1k.((%.% crores or $).*K in $#%%% compared to the increase of 1k.?00.%

crores or $%.0K in the preceding "ear. 1heir cash in tills increased -" 1k.@$.)% crores

or @.%K as against the increase of 1k.$%*.@% crores or $$.K in the preceding "ear.

1he increase in Bangladesh BankHs credit to the go!ernment net -" 1k.$/(*0.$%

crores and net surplus in the foreign sector -" 1k.$/@.?% crores pla"ed the main role

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in exerting expansionar" influence on the Reser!e Mone". ,o9e!er the decline of

1k.***.@% crores and 1k.??.% crores in the -orro9ings -" the scheduled -anks and

other financial institutions respecti!el" along 9ith the fall of 1k.*%%.% crores in other

assets net partl" offset the expansionar" impact of those sectors.

Domesi# #redi:

1otal domestic credit increased -" 1k.0)0$.% crores or $*.@K to 1k. ($/?0.%%

crores including ad2ustment of -onds issued -" the go!ernment in $# %%% as

compared to the increase of 1k.(@(.@% crores or $*.$K in the preceding "ear.

Expansion of credit to the go!ernment/ pri!ate/ and pu-lic sectors to the extent of

1k.*)?.*% crores *$.*K/ 1k.?%@.$% crores $%.(K/ and 1k.$)%.0% crores .)Krespecti!el" contri-uted to the expansion in total domestic credit in $#%%%. Aredit

to the go!ernment and pri!ate sector had increased -" $.*K and $*.0K respecti!el"/

9hile credit to the pu-lic sector declined -" *.(K in the preceding "ear.

Ban% Credi:

1he outstanding le!el of -ank credit excluding foreign -ills and inter#-ank items

increased -" 1k.)/$*.*% crores or $%.*K to 1k.)?/@?@.$% crores in $# %%% as

compared to the increase of $.?K in the preceding "ear. Of the components of -ank

credit/ ad!ances increased -" 1k.?0.(% crores or $%.*K and the -ills purchased and

discounted 9ent up -" 1k.*%.@% crores or $$.*K.

Ban% Deposis:

Bank deposits excluding inter#-ank items increased -" 1k.$$%??.(% crores or $0.@K

to 1k.(%/(0.(% crores in $#%%% compared to the increase of $?.K in the

preceding "ear. Of this increase / time deposits 9ent up -" 1k./$%*.0% crores or

$.K to 1k.)?/00$.$% crores/ go!ernment deposits -" 1k.(*.@% crores or $?.0K to

1k.)/@$).% crores and demand deposits -" 1k. $/$?.)% crores or $*.*K to

1k./(%).*% crores. On the other hand/ restricted deposits increased -" 1k.(?.0%

crores in $#%%%.


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Cash Reserve Re;uiremens ,CRR:

Statutor" ARR 9ith Bangladesh Bank 9as lo9ered for the scheduled -anks to ?.%K

of their lia-ilities demand plus time deposits excluding inter#-ank deposits from

)K 9ith effect from $st Octo-er/ $.

Ban% Rae:

1he Bank Rate 9as lo9ered from 0.%K to (.%K on th 6ugust/ $ and remained

unchanged through *%th Cune/ %%%. &o9 Bank rate is )K.

4.< Con#lusion:

It is a common kno9ledge no9 that the commercial -anks engaged onl" in financial

trade and commerce. But some go!ernment speciali7ed -anks operates their -usiness

in different small and cottage industr" sector and pro!ide micro credit. 1he role of

commercial -anks in economic de!elopment is still found limited 9hen compared to

man" others countries of 6sia and 6frica. 4here commercial -anks de!elopment in

East 6sian counties or e!en Indian experience 9ill suggest that our -anking sector has

to go a long 9a" to pla" an effecti!e role in economic de!elopment and social change.


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Chaper*"hree

Islami Banking


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5.3 De!iniion and Con#ep o! -slami# Ban% :

Islamic Bank de!eloped under Islamic frame 9ork/ performs most standard -anking

ser!ice and in!estment acti!ities on the -asis of profit#loss sharing s"stem conforming

the principles of Islamic Shariah. It operates 9ith the o-2ecti!es to implement and

materiali7e the economic and financial principles of Islam in the -anking arena.

According to Organization of Islamic Conference (OIC), 3Islamic -ank is a financial

institution 9hose statutes/ rules and procedures expressl" state its commitment to the

principles of Islamic Shariah and to the -anning of the receipt and pa"ment of interest

on an" of its operations.

According to Dr. Ziauddin Ahmed 3Islamic Bank is essentiall" a normati!e concept

and could -e defined as conduct of -anking in consonance 9ith the ethos of the !alue

s"stem of Islam.

6lthough Islamic Bank is a financial institution/ its operations and acti!ities sho9s

that Islamic Bank as a Business firm 9ith ,alal transaction 9ithin the -oundar" of

Islami Shariah .1he main o-2ecti!e is not onl" to earn profit -ut also to make 9elfare

oriented interest free and exploitation free econom" of a countr".

5.4 8isory and &rowh o! -slami# Ban% around he world:

In this millennium/ Islamic Bank 9ith its special features ac5uainted 9ith a ne9

mem-er in the mone" market especiall" in financial and -anking 9orld. Islami

-anking graduall" e!ol!ed during the last thirt" "ears in some parts of the Muslim

9orld. During $@%Fs it 9as o-ser!ed that Muslims Mala"sia used to sa!e mone"

primaril" for performing ,a77. Such sa!ings mostl" kept idle in pillo9s/ under

mattresses and floor for a!oiding interest/ 9hich 9as unproducti!e and damaging for

the gro9th and de!elopment of econom". 8or utili7ing such sa!ing the >o!ernment of

Mala"sia in $@ esta-lished an interest free financial institution kno9n as 3Pilgrims

Sa!ing Aorporation. In $@* Dr. 6hmed#6l#&a77ar esta-lished a sa!ings -ank at Mit

>hamar in Eg"pt -" his personal endea!or 9ith a !ie9 to -ring some de!elopment in

socio#economic field in the process of Islam. 1his Mit >hamar is considered as


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Modern Islami Banking and 6.6. &a77ar is considered as the 8ather of Islamic

Banking S"stem.

6 sur!e" report -" the &ational Institute for Management De!elopment/ Aairo/ Eg"pt/

sho9s that the Mit >hamr Bank 9as tremendousl" succeeded in achie!ing its

o-2ecti!es and the tremendous success of the Bank 9as the cause of its closure -" the

!ested interest in $@(.

Islamic De!elopment Bank 9as esta-lished in $() and during the follo9ing three

"ears (Se!en Islami Banks = financial institutions 9as esta-lished. 1he" are+

i Du-ai Islami Bank

ii u9ait 8inance ,ouse

iii 8aisal Islami Bank/ Sudan

i! Cordan Islami Bank for 8inance and In!estment

! Islamic Bank S"stem International ,olding S.6. Luxem-ourg

!i 8aisal Islami Bank of Eg"pt

!ii Islamic In!estment Ao. Ltd.

In $(0 Islamic foreign minister conference is Dakar/ capital of Senegal/ the ministers

decided that the mem-er of OIA 9ould take s"stematic efforts to esta-lish Islamic

Banking graduall" and 9ithin the next three months their plan came into existence. In

$(0 the 8aisal Islamic Bank of Sudan 9as esta-lished. In Bangladesh Islamic Bank

named Islami Bank Bangladesh Limited IBBL 9as first found on March $*/ $0*

and opened its operation formall" on March *%/ $0*. Mala"sia Islamic -ank 9as

esta-lished in Cul" $0* that 9as the second Islami -ank in South and South East#

6sia.

&o9 more than *%% Islamic Banks and Islamic Institutions ha!e -een operating their

-usiness all o!er the 9orld. Besides Muslim countries/ Islamic Banks are operating

their -anking -usiness in non#Muslim countries as 9ell.

5.5 Salien 0eaures o! -slami# Ban%:

"he major !eaures o! -slami# Ban%s are as !ollows:

• Islamic Banking acti!ities are regulated according to Islamic Shariah.


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• Islamic Bank is directed -" Shariah -oard/ 9hich consists of man" -rilliant

and famous intellectuals/ economists/ -anker and la9"ers.

• 6ll economic acti!ities are free from interest.

• It tries to coordinate economic and social de!elopment.

• 1he shareholders and the depositors are the onl" source of funds for Islamic

-anks. 1he" do not use -orro9ing as a source of finance.

• Islamic -ank grants interest free loans to the underpri!ileged group poor/

students and need" people.

• Islamic -ank a!oid in!estment in de-entures and -onds -ecause of their fixed

rate interest.

5.6 Basi# +)je#ives o! -slami# Ban%s:

"he )asi# o)je#ives o! -slami# )an% #an )e poined ou as !ollows:

1o conduct interest free -anking s"stems according to Islamic Shariah.

1o make in!estment through different modes permitted under Islamic Shariah.

1o a!oid the production of harmful goods and ser!ices.

1o eliminate socio#economic in#2ustice.

1o esta-lish economic e5ualit".

1o eliminate economic exploitation.

1o a!oid economic insta-ilit".

1o a!oid e!il/ 9rong and in2urious practices from economic life.

1o co!er the fulfillment of the -asic needs of the people.

1o reali7e the full potential of the econom".

1o pro!ide safet" net for the 9eak/ poor and distressed.

1o de!elop human resources for enhancing economic gro9th and 5ualit" of

life.

1o esta-lish a 9ell#-alanced economic s"stem.


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Chaper*0our

Overview of Exim Bank

Limited


27/36

Chaper* 0ive

Recruitment and Selection Process

Of

Exim Bank


28/36

7.3 -nrodu#ion:

1hrough as a -od" of art kno9ledge human resource management is a -a-"G its role in

real 9orld has made it supreme in -usiness organi7ation. 1his ne9 field of

management 9as -orn in 0%s in S6 and -" %%% e!er" successful organi7ation on

earth has initiated their o9n ,uman Resource Department.

6mong all of the functions of human resource management/ Recruitment and

Selection staffing has -een recogni7ed as the most critical function. It is the most

critical function -ecause if the organi7ation 9ants to get -est 5ualit" of products or

ser!ices. 8irstl" its need to 5ualified personnel. 1o get -est personnel organi7ation

should recruit -est emplo"ees in the -est 9a"s and it ha!e to follo9 good procedure

for Recruitment and Selection to attract the -est 5ualified personnel.

7.4 Re#ruimen:

In theoretical recruitment means the process of disco!ering potential candidates for

actual and anticipated organi7ational !acancies.

Recruitment is the searching for and o-taining potential 2o-s candidates in sufficient

num-er and 5ualit" so that organi7ation can select the most appropriate people to fill

its need.

=oals o! re#ruimen:

The first goal of recruitment is to communicate the position in such a 9a" that 2o-s

seekers respond.

The second goal of recruitment is to pro!ide enough information a-out the 2o-s that

un5ualified candidatesJ applicants can self#select themsel!es out of the 2o-s.

Third goal of recruitment is to fill !acancies through appropriate people


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Meeting these goals 9ill minimi7e the cost of processing of un5ualified applicants

and ultimatel" organi7ation 9ill -e -enefited.

0a#ors $!!e#in& re#ruiin& e!!ors:

Si7e of the emplo"ees of the organi7ation.

Emplo"ment conditions in the communit" 9here the organi7ation is located.

Effecti!eness of the past recruiting efforts

4orking condition/ salar" and -enefits package offered -" the organi7ation.

Consrains on re#ruiin& e!!ors:

1he poll of 5ualified applicants ma" not include the -est candidates or the -est

candidate ma" not 9ant to -e emplo"ed -" the organi7ation is one of the ma2or

constraint on recruiting efforts. 1here are fi!e specific constraint of recruiting efforts.

1here are+

Image of the organi7ation.

6ttracti!eness of the 2o-.

Internal organi7ational policies.

>o!ernment influence.

Recruiting costs

Sour#es o! re#ruimen:1he internal search.

1he emplo"eeFs referrals.

External search.

6d!ertisement

Schools/ Aolleges and ni!ersities.

nsolicited applicants.

Emplo"ment agencies .etc


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7.5 Sele#ion:

Selection is the process of gathering information for the purposes of e!aluating and

deciding to 9hom should -e emplo"ed in particulars 2o-s.

Selecting people is choosing from among the candidates the one 9ho -est meets the position re5uirements.

=oals o! he sele#ion pro#ess:

6ll selection acti!ities exist for the purpose of making effecti!e selection decisions.

Each acti!ities is a step in the process that result in a prediction#managerial decision

makers seeking to predict 9hich 2o- applicants 9ill -e successful if hired.

Seps in he re#ruiin& and sele#ion pro#ess:

Step#$+ Decide 9hat position the organi7ation 9ill ha!e to fill -" engaging in

personnel planning and forecasting.

Step#+ Build a pool of candidates for these 2o-s -" recruiting internal and e7ternal

candidates.

Step#* ,a!e applicants complete application forms and perhaps undergo an initial

screening inter!ie9.

Step#?+ se selection techni5ues like tests/ -ackground in!estigations and ph"sical

exams to identif" !ia-le candidates.

Step#)+ 8inall" decide 9ho to make an offer to/ -" ha!ing the super!isor and others

on the team inter!ie9 the final candidates.

Enterprise pplicants

Opportunities for

gro9th.

Potential challenges.

Promotion

possi-ilities.

Le!el of pa".

8ringe -enefit.Degree of 2o- securit"

6spects of 2o-s

nfa!ora-le of 2o-s.

Co- no9ledge.

Skills.

6-ilities.

6ptitudes.

Moti!ation.

Past performances.

1alents6ttitudes.

Beha!ior.

Etc


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8igure+ Information exchange contri!uting to successful selection.

7.6 Re#ruimen and Sele#ion pro#ess o! 12im Ban%:

Ahanging 9orking place demands calling for a 9ide range of skills and attri-utes

from the 9orkforce. People are the most !alua-le assets of the 9orld of an"

organi7ation either pri!ate or pu-lic. ,uman resources are endo9ed 9ith such

uncommon 5ualities as creati!it"/ pro-lem sol!ing a-ilit" and the" can -e moti!ated

and the" can 9ork as a team. So human is the most !alua-le asset of an" organi7ation

that 9h" each and e!er" organi7ation should recruit right person at the right place on

right time.

In Exim Bank/ Recruitment and Selection processes are so s"stematic to attract the

5ualified personnel. Exim Bank follo9s some steps to recruit and select appropriate

person for right 2o-.

Re;uisiions

Pu)lished >o)s

$dverisemen

$rran&emen o! 9rien "es

$rran&emen o! ?iva ?o#e

-ssue $ppoinmen Leer


32/36

8igure+ Recruitment and Selection Process of Exim Bank"

Re;uisiions:

Recruitment process generall" starts/ 9hen the ,uman Resource Di!ision recei!es

re5uisitions for recruitment from an" department of compan" organi7ation. 1he

personnel re5uisitions contain details a-out the position to -e filled.

In Exim Bank/ 9hen ,uman Resource Department gets the information a-out the

!acancies of the !arious department. Its start it 9orks to fill the !acancies. 8irstl"/

Exim Bank collects the information/ ho9 man" posts are !acancies/ and higher le!el

officer and ,uman Resource Department arrange a meeting and take decision to fill

up the !acancies through the next procedures.

Pu)lished >o)s $dverisemen:

4hen an organi7ation 9ishes to communicate to the pu-lic that it has a !acanc"

ad!ertisement is one of the most poplar methods used. 4here the ad!ertisement is

placed is often determined -" the t"pes of the 2o-s. 1he higher the position in the

organi7ation/ the most speciali7ed the skills or the shorter the suppl" of the resource

in the la-or force/ the more 9idel" dispersed the ad!ertisement is likel" to -e.

In Exim Bank declares their !acancies in the Dail" &ational &e9s Paper and 4e-

site. 1he candidates can appl" through a handing 9riting for9arding 9ith the

Aurriculums


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Business >raduate + Minimum A>P6 *

Others >raduate + Minimum nd class

1hese re5uirements are onl" needed for the Pro!isionar" Officer. 8or the re5uirement

of Cunior Officer and Alark le!el officer educational 5ualification is li-eral.

Exim -ank doesnFt re5uire ha!ing specific -anking experiences -ut if an" candidate

possess the follo9ing experiences the candidateFs application add 9eight after the

9ritten exams.

1hese experiences are+

Experiences of -anking operation.

Professional 9orking experiences.

6 -road range of 9ork experiences.

$rran&emen o! 9rien "es:

If an" candidate successfull" passes at the screening stage/ Exim Bank 9ill in!ite

candidate to participate an Exim Bank. 1he includes follo9ing t"pes 5uestions.

English rammar

>eneral no9ledge.

Mathematics.

6nal"tical a-ilit" 1est.

Aritical Reasoning.

Islamic no9ledge.

1hese tests are used to access candidates reasoning skills as 9ell as time management.

Aandidate needs to make sure that sheJhe 9ill complete the test 9ith in time limit that

the Exim Bank authorit" has gi!en/ most of the cases the time limit is % minutes @%

minutes for () marks 9hich are multiple 5uestion and another *% minutes for 9ritten

exam 9hich is allocated ) marksN

1he test/ candidate must appear in English.

$rran&emen a ?iva ?o#e:


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1he candidates 9ho passes the tests is then read" for a comprehensi!e inter!ie9 is

ordinaril" for the purposes of !erif"ing information pro!ides on the application /

Aurriculums


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>oinin& Repor:

Bank 9ill offers the candidate/ the candidate 9ill 2oin 9ith ( da"s in the in the ,ead

Officer and ,ead Officers selection -ranch and -efore posting the -ranch officer.

,uman Resources Department arranges an initial training program for $) da"s and

then posting the -ranch offices.

Ending the Recruitment and Selection process the candidate 9ill report the

organi7ation i/ e Export Import Bank limited. 1hen the candidate 9ill oriented into

Exim Bank as an emplo"ee.

8igure+ #ow to !ecome a permanent emplo$ee of Exim Bank

7.7 Con#lusion:

-ssue $ppoinmen Leer

>oinin& Repor

1mployee o! 12im Ban%

+rienaion

So#ializaion

Permanen employee o!

12im Ban%

S e

l e # i o

n

$!e

r


36/36

Exim Bank follo9s a s"stematic recruitment and selection procedure to attract the

5ualified personnel. Recruitment and Selection is the most critical function of ,uman

Resource Department. Because if an" organi7ation 9ants -est 5ualit" and high

producti!it"/ it re5uires talent emplo"ees. 8or getting -est emplo"ees each and e!er"

organi7ation should follo9 the recruitment and selection process appropriatel"

Documents

Internship Mojnu MBA - Have to Read This Report to Acquire Knowledge