Foreign Exchange activities of Social Islamic Bank Ltd.

Abstract

Dealing with a record association is legitimate in a state of the art society. It expects a critical work in the monetary improvement of a country and developments the focal point of the money publicize in an impelled country. Actually the dealing with a record part over the world has been encountering many changes due to liberation, mechanized movement and globalization, etc. Bangladesh setting aside cash region is waiting far behind in getting these changes. To thrive well in this advancing condition, advancement of appropriate establishment is crucial as well as imbuement of cleaned practice into dealing with a record benefit is fundamental. The keeping cash region is one of the really overseen regions in our country. It is regulated by the standards and course of Central Bank of the country for example Bangladesh Bank and Security and Exchange Commission. The bank associations are constrained to fulfill the best accounting practices. It altogether seeks after International Accounting Standard (IAS) principles. It appropriates the financial report every year getting it appropriately investigated by apparent survey firms. Each bank of our country had a division named Financial Administration Division (FAD) which manages the accounting issues of the Bank. By far most of the staff who lead these divisions are of accounting establishment. Among the accounting based FAD labor force who know dealing with a bookkeeping task better can offer more in the banks. Social Islami Bank Limited (SIBL) is an inadequate and specific financial association which plays out an enormous piece of the standard financial organization and hypothesis practices in view of advantage hardship sharing structure consenting to the guidelines of Islamic Shariah. Social Islami Bank Ltd. doesn't pay excitement to donors rather financial backers look into the advantage of the bank. The Bank participates in supporting long stretch expands in light of advantage mishap sharing rather than permitting recognize workplaces for premium. SIBL moreover performs different social government assistance practices through its reinforcement organ. A calling in Banking