An Analysis of the Foreign Exchange Activities of AL-Arafah Islami Bank Limited (AIBL)

Abstract

In today's modern civilization, banks are indispensable for economic development, playing a vital role in various aspects of development activities. The study's scope is extensive, encompassing a detailed analysis of AIBL's foreign exchange operations, with a specific focus on year 2018 to 2022. The objectives include analyzing foreign exchange activities, evaluating export-import procedures, assessing foreign exchange performance, identifying challenges, and proposing solutions. Methodologically, the study employs a Descriptive Analytical approach with an Exploratory Research orientation, combining primary and secondary data sources. Data collection methods involve interviews, surveys, and questionnaires conducted with key stakeholders, along with an in-depth review of primary and secondary sources. The diverse target population ensures a holistic understanding of AIBL's foreign exchange activities. Sample sizes and techniques vary, including convenience and judgmental sampling, depending on the stakeholder group. Triangulation data collection enhances the study's credibility, validity, and reliability. Structured questionnaires are used to gather information from the audience. Data sources include face-to-face conversations, practical work experience, file studies, and in-depth case studies as primary sources. Secondary sources comprise AIBL's annual reports, its website, Bangladesh Bank's reports, and selected online reports. Despite the comprehensive approach, the study faces limitations, such as a lack of easily accessible and well-organized information, time constraints during the internship, and issues related to the confidentiality of certain market-related information. In conclusion, this study is paramount for students and stakeholders in the banking industry, bridging the gap between theory and practice and offering valuable insights for enhancing AIBL's foreign exchange activities. The Problem identification is thoroughly discussed in this study follow by the findings regarding Foreign Exchange Business of AIBL is also discussed in brief context along with proper recommendations for the bank, it also disuse about foreign exchange activity as well as foreign exchange performance evaluation of the AIBL. Finally, the conclusion provides the overall study at a glance followed by the survey questioner and the references.