The Islami Bank Bangladesh Limited (IBBL) is the first private commercial bank of Bangladesh that operates on the principles of Islamic Shari’ah. The bank has been operating in Bangladesh for more than three decades, and it has a significant impact on the country’s economy. The bank is known for its contribution to the economic and social development of the country. One of the significant initiatives taken by the IBBL is its Internship Program, which is designed to provide practical exposure to the students of BBA and MBA from different universities.
Internship Opportunity:
The Internship Program for Students of Different Universities is a great opportunity for the students of BBA and MBA who have completed all of their academic courses. The program is divided into four sessions in a year, which are January, April, July, and October. The duration of the program is 60 days, consisting of five weeks of online/virtual classes through Zoom Application for theoretical classes and three weeks for practical exposure at different branches. The target group of the program is the students of BBA and MBA of any public and private university.
Learning Method:
The learning method of the program includes lectures, group discussions, and practical job exposure. The program is designed to acquaint the interns with the concepts, principles, objectives, and distinguishing features of Islamic Economics, Banking, and Finance. The program also aims to familiarize the interns with the concepts of basic banking literacy, covering the areas of General Banking, Investment, and Foreign Trade. Moreover, the program aims to familiarize the interns with the principles of Islamic Shari`ah and its implementation in the banking system.
Program Objectives:
The IBBL Internship Program aims to provide the interns with a comprehensive understanding of Islamic economics, banking, and finance. The program’s specific objectives are:
- To acquaint the interns with the concepts, principles, objectives & distinguishing features of Islamic Economics, Banking & Finance.
- To familiarize the interns with the concepts of basic banking literacy covering the areas of General Banking, Investment & Foreign Trade.
- To familiarize the interns with the principles of Islamic Shari`ah and its implementation in the banking system.
Eligibility Criteria:
To be eligible for the Islami Bank Internship Program, a student must meet the following criteria:
- The student must be pursuing a BBA or MBA degree from any public or private university in Bangladesh.
- The student must have completed all of their academic courses.
- The student must have a minimum GPA score of 11.5 from SSC to the last semester of BBA.
- In each batch, only the first 70 candidates will be allowed through online application.
- More than ten candidates are not allowed from any single university in a batch.
Disqualification:
Students will be disqualified if they meet any of the following criteria:
- Students with a GPA score of below 11.5 from SSC to the last semester of BBA/MBA.
- Students whose academic courses have not yet completed at the respective university.
- MBA students who completed the BBA internship program earlier at IBTRA.
- Incomplete or counterfeit application.
Restriction:
There are some restrictions that students must follow during the internship program, such as:
• No leave is allowed during the internship program. • Providing any false/fraudulent information is strictly prohibited, and such cases will be referred to the concerned university authority. • The internship program is fully non-residential.
Application Procedure
The application procedure for the Islami Bank Internship Program is straightforward and requires candidates to follow a few steps.
Online Application:
The first step is to apply online for the program. On the designated days mentioned above, candidates can visit the official website of IBBL (www.ibtra.com) at 10.00 am and fill out the application form for the upcoming batch. Candidates should be prepared with their personal and academic information, including their present status and future expectations.
Receive Tracking Number:
Upon successful submission of the application form, candidates will receive a tracking number. This number will be required in all future communications with IBBL.
Print and Send Application:
The next step is to take a printout of the application form using the tracking number and send it to IBBL. Along with the application, candidates must also submit a forwarding letter by the Chairman/Head of the department, a recent passport-size photograph, and all academic mark sheets (duly attested). The mark sheets must be attested by any official of IBBL, not below the rank of Principal Officer or 1st class gazetted officer. Candidates must ensure that they submit their application within 7 working days from the date of online application.
Wait for Selection:
Once the application has been received by IBBL, candidates will have to wait for the list of selected candidates to be published. The list will be published within 6-10 days of receiving the hard copy of the application.
Join the Program:
Candidates who are selected for the program will receive an official letter from IBBL. The letter will include details of the program, including the start date, the duration of the program, and other important information. Selected candidates must join the program as per the instructions provided in the letter.
It is essential to note that candidates who provide false or fraudulent information during the application process will be disqualified from the program. Additionally, candidates who do not meet the eligibility criteria or fail to complete the application process within the specified timeframe will also not be considered for the program.
FAQ
What is the Islami Bank Internship Program?
The Islami Bank Internship Program is a program designed to provide students of BBA and MBA programs with theoretical and practical knowledge of Islamic economics, banking, and finance.
Who is eligible for the program?
BBA/MBA students of various universities whose internship program is compulsory for academic purposes and have a minimum GPA score of 11.5 from SSC to the last semester of BBA are eligible for the program.
When can I apply for the program?
Students can apply for the program every quarter on 10th December/10th March/10th June/10th September from 10.00 am. If the 10th day is a govt. holiday or weekly holidays (Friday & Saturday), then the next working day will be the fixed date for registration until the fulfillment of the seats for the upcoming batch.
What is the duration of the program?
The program duration is 60 (sixty) days consisting of 5 (Five) Weeks Online/virtual classes through Zoom Application for theoretical classes and 3 (Three) Weeks for practical exposure at different branches.
How many sessions are there in a year?
There are four sessions in a year (January, April, July, and October).
What is the learning method for the program?
The learning methods for the program include lectures, group discussions, and practical job exposure.
What is the estimated total pay for an intern at Islami Bank Bangladesh?
The estimated total pay for an intern at Islami Bank Bangladesh is BDT 6,000 per month.
Conclusion:
The Islami Bank Internship Program provides students with an opportunity to gain theoretical and practical knowledge of Islamic economics, banking, and finance. The program is open to BBA/MBA students of various universities who have a minimum GPA score of 11.5 from SSC to the last semester of BBA. Students can apply for the program every quarter, and the program duration is 60 days. The learning methods for the program include lectures, group discussions, and practical job exposure. The program is fully non-residential.