1.1 BACKGROUND
Islami Bank is a financial institution whose status, rules and procedures expressly body politic its commitment to the principles of Islami shariah law and to the banning of the receipt and payment of involvement on any of its operations. This definition is adapted by O.I.C. after on it has become the standard definition of Islami Bank. To run smoothly an Islami Bank is to handle its operations through its management.
By the destination management is meant to execute a plan properly and fruitfully through some laid down priceless by a group of responsible peoples, appointed in an institution. It is meant acting according to rules to attain the object in a train way, In the context of if Islamic Banking, it give the bounce be explicit to establish socio-stinting justice in every sphere of economic transactions. A well-disciplined prudent group of people shall work and ferment a developmental change rapidly withstanding the attacks of all types of Jahiliat i.e. exploitations, usury, heaviness & suppression etc. Islami Bank Bangladesh Ltd. from its inauguration in the class 1983, is playing a vital role for the achievement of the above mentioned object efficiently. In a nut shall IBBL is in the athletic field of struggle to establish Islamic Economics.
The management of IBBL is constituted of 4 (Four) wings viz.
( a) Board of Directors (b) Shariah council (c) executive director committee (d) guidance committee.
a) Board of Directors : The board of directors approves all the basic decisions and it is the highest authority of the bank. It can be compared to a legislative assembly of a country.
Shariah council : Shariah council is the organization of the qualified wise and intellectuals whose function is to analysis all the operations of the bank whether rigorously abiding by the Shariah or nor and to advise with efficacious suggestions to follow the Shariah. In a word it can be expressed by the word Darul Ifta.
b) Executive committee : Executive committee...If you want to get a full essay, order it on our website: Ordercustompaper.com
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