MGT619 MIS internship report al falah bank

Bank Alfalah Islamic BankingInternship Report... Introduction of Bank Alfalah Islamic Banking The largest Islamic bank in Pakistan  BAL incorporated on June 21, 1997  in 2003: Bank Al

Haroon Ur Rasheed

Bank Alfalah Islamic Banking

Internship Report

Introduction of Bank Alfalah Islamic Banking

 The largest Islamic bank in Pakistan

 BAL incorporated on June 21, 1997

 in 2003: Bank Alfalah Islamic Banking Division started

 80/270 Islamic Banking branches

are based on Sharia laws.

 Operational workings prescribed by

Islamic Sharia advisors

 The objective: Riba free financing

Product Lines

• Musharakah: contractual relationship

• Mudarabah: Partnership

• Murabaha: non-participatory,

client on cost-plus basis

• Ijara: Client takes on rent & pays

back episodic rent

• Salam: Contract of advanced payment

against delayed delivery goods

• Istisna: Specific product against

particular condition by a manufacturer

Business Volume (PKR 000)

2005 2006 2007 2008 2009

Revenue 7425 7140 14515 24416 31822 Deposits 76698 129715 223345 239509 273174 Advances 49216 88931 118864 149999 171199 Investme

nt 28904 35503 57416 56502 88492

 Meezan Islamic Bank

 Dawood Islamic Banking

 Dubai Islamic Bank, Pakistan Ltd

 Emirates Global Islamic Banking

 Union Bank

Introduction of Branch

 This branch is situated in Kabirwala,

District Khanewal

 It is 12 Km away from Khanewal

 This branch belongs to Multan Zone

 The branch has a talented

hardworking energetic staff

 This branch deals with Islamic

products only

Organizational hierarchy Chart

Organizational Management Analysis

Training Program

Hierarchy of MIS dept’t

Operational Manager

Branch Manager

IT officer

Structure & Function of MIS

Department

Responsibilities of MIS

department

• To keep all the computers, printers,

and ATM machine of the branch

operational by providing in time

support to the trouble shooting of the

IT equipments.

• To provide support regarding IT

operations and also monitor and

trouble shoot the LAN (Local Area

Network) inside the branch

Structure & Function of

MIS Department

Functions of MIS department

• Provides support to operations department for keeping the LAN, computers and software work smoothly

• Maintains automated slip generation system that generates slips on customer demand so that the cash counters are not over loaded

and the customers come to counter at their specific token number marked on the slip.

Critical Analysis

Bank Alfalah Islamic Banking Division sets its goals according to its mission and vision statement.

My observations are following:

1.Strong brand recognition

2.Strong allocation potential

3.Recognized market existence

4.Focused business strategy

5.Strong credit rating

6.Large (over 5 million accounts)

7.A full service bank

Most of the employees are overloaded with work

slow in the introduction of new services as compare to other Islamic banks in Pakistan i.e free internet services

SWOT Analysis

OPPORTUNITIES:

Bank can extend its network in other cities of Pakistan

profitability can be increased by making use of new technology (MIS)

Ability to introduce new products and services because of the huge capital reserve

It can adopt E-banking and provide credit card facility to its customers

Good financial position creating a good reputation for future advances and huge deposits

THREATS:

In certain era of Pakistan people emphasizes more on Islamic mode of banking.Bank is facing intense competition from other Islamic Banks working in PakistanBank is performing very well in the presence of unstable political and economic situation but this uncertainty is a continuous threat for the bank

SWOT analysis shows that Bank Alfalah’s strengths are more than its weakness and it has a chance of availing many opportunities

Internal Factor Evaluation Matrix

(IFE)

External Factor Evaluation

Matrix (EFE)

TOWS Matrix

Competitive Profile Matrix (CPM)

BCG Growth Share Matrix

Porter’s Five Forces

Conclusion

 Build their Own Website:

 E Banking

 Advertising / Marketing (Internet based):

 More focus on MIS required:

 Introduction of New Products:

 Women In Workforce:

 Distribution of Work:

Thank You

For Your Attention