Acknowledgement

First and foremost all praise is to Almighty Allah to give me the courage and patience to
carry out this responsibility successful.

My report will remain incomplete if I do not mention the efforts of those people who
helped me in completing this work.

First of all I will thank to Mr.Shaukat Malik who gave me opportunity to work in such a
prestigious organization. I also tribute to my all teachers who able me to work with
experienced persons and enable me to work very efficiently throughout the period of
Internship.

The administration department of NBP prepared my internship program. Operations

manager Mr. Sohail Rasool with special attention prepared this program. The program
was organized in such a way that sufficient time was given to each department according
to its importance. I am really thankful for his co-operation during the internship.

At last, I would like to thank all those persons who helped me in completing this report.

I am also indebted to the persons under mentioned because without their help, it would
not have been possible for me to achieve this practical knowledge.

NATIONAL BANK OF PAKISTAN

Main branch(0374)
MULTAN

MR. Osama Foreign remittance officer

Mr.Sohail Rasool MANAGER OPERATIONS

Mr.Shafeeq Advances OFFICER

 TABLE OF CONTENTS
ISLAMIC BANKING…………………………………………………………………..4
CHAPTER =1 INTRODUCTION ………………………………………………………5
RIBA AND ITS FORMS ………………………………………………………………..7
TYPE OF RIBA ……………………………………………………….…9
ISLAMIC CONTRACT IMPORTANT MODES....................…………………....11

ISLAMIC BANKING……………………………………………………...12

HISTORY OF ISLAMIC BANKING…………………………………………14

CHAPTER=2 MEEZAN BANK……………………………………………16

OVER VISION OVER MISSION SERVICES MISSION………………………..18

HISTORY AND DEVELOPMENT OF MEEZAN BANK………………………19

BORD OF DIRECTOR……………………………………………………20

HIERARCHY OF MEEZAN BANK ………………………………………...21

CONSUMBER PRODUCT MIX OF MEEZAN BANK…………………………22

CAREER OPPORTUNITY ………………………………………….……..25

LADIES SECTION ………………………………………………….……26
CHAPTER=3 MY WORKING ……………………………………………..27
ACCOUNT OPENING PROCESS…………………………………………...28

LIABILITY PRODUCT ……………………………………………..……..33

REMITTANCE …………………………………………………………..41
PAYORDER …………………………………………………………….42
DEMAND DRAFT………………………………………………………..44

MODES OF FOREIGN REMITTANCE ……………………………………..45

CLEARING ……………………………………………………………..47
CROSSING ……………………………………………………………..49
N.I.F.T ……………………………………………………………….50
TYPE OF CLEARING …………………………………………………....50
CHEQUE RETURN REASION …………………………………………….51
CH=4 DIFFERENT BETWEEN ISLAMIC AND CONVENTIONAL BANK……...53

CH=5 S.W.O.T ………………………………………………………...54

 Executive Summary

This report is based on internship in National Bank of Pakistan main branch Multan. It is
a famous and reputed bank of Pakistan. National Bank of Pakistan maintains first position
in banking sector in Pakistan. This report is based on the activities which are performed
in this bank. This report contains , Financial analysis, SWOT analysis, bank tariffs and
exchange rates of National Bank of Pakistan. There are also stated the activities which I
performed during my internship in the branch. In this report also discuss the history of
NBP, organizational structure their corporate level strategies. There are also mentioned
the way of investment, rates of investment, all types of financing and loans facilities the
National Bank of Pakistan provides. In the advances side the bank has been successful in
deploying its resources in the best way in all commercial, industrial and agricultural
sectors of the country. These advances have been increasing with the increasing trade and
commerce, and bank has been able to meet the requirements up to the maximum extent.
The introduction of a new set of services in shape of foreign currency accounts has
further given a sharp rise in the banking field. This has made easy for the foreigners
residing in Pakistan to be encouraged and make the inflow of foreign exchange in the
country more stable. This new service, though shaken its importance after undue freezing
of all accounts in 1998 have spread a situation of non-confidence among the masses, still
these accounts are increasing in number.
History

During 1997, Al-Meezan Investment Bank is established as the first Islamic bank of
Pakistan. Mr. Syed Sarfaraz Ahmed appointed as first and founding Chief Executive
Officer.

During 2002, the Shariah Supervisory Board is established at Al-Meezan Investment

Bank led by Justice (Retd.) Muhammad Taqi Usmani as chairman. State Bank sets
criteria for establishment of Islamic commercial banks in private sector and subsidiaries
and stand-alone branches by existing commercial banks to conduct Islamic banking in the
country.

During 2003, A Musharaka-based Export Refinance Scheme has been designed by the
State Bank in coordination with Meezan Bank Limited, in order to provide export finance
to eligible exporters on the basis of Islamic modes of financing. Efforts are underway to
develop Islamic money market instruments like Ijarah Sukuk to facilitate the banks in
respect of liquidity and SLR management.

Pakistan’s first Shariah compliant Mortgage facility is launched by Meezan Bank.

Approved by the Shariah Supervisory Board, the product enables home purchase, home
construction, renovation, as well as replacement of any existing mortgage. Al Meezan
Investment Management Limited (AMIM), a group company of Meezan Bank,
introduces Meezan Islamic Fund (MIF). MIF is an open-end mutual fund that is Shariah
compliant. Meezan Bank’s asset management arm, Al Meezan Investment Management
Limited (AMIM), launches the Meezan Balance Fund (MBF). The offering was
oversubscribed 1.25 times.

In March 2005, to further strengthen & ensure strict Shariah compliance in bank’s
operation a dedicated and full fledged Product Development & Shariah Compliance
(PDSC) department was formally setup. The role of this research department is
centralization of Product development activities, new product research, Islamic banking
training and Shariah Compliance functions. The department works under the guidance &
supervision of bank’s Shariah Advisor – Dr. Muhammad Imran Usmani and the Shariah
Supervisory Board of the Bank.

PDSC now plays a very critical and vital role at the bank by actively supporting new
product development activities, refining existing products menu, preparing product
policies & standardize agreements, imparting Islamic banking knowledge at various
levels to new & existing staff members, corporate customers and general public,
coordinating with bank’s Shariah Board, conducting regular Shariah audits & reviews

During 2005, Meezan Bank launches the Meezan Islamic Institution Deposit Account
(MIIDA), a unique product tailored exclusively for Islamic Financial Institutions (IFIs).
The facility is the first of its kind in Pakistan, whereby Islamic Banks (including
dedicated, as well as conventional Islamic windows) now have the opportunity to manage
excess liquidity by maintaining a checking account with Meezan Bank specifically
designed for this purpose.

Meezan Bank becomes the first customer of Islamic Insurance (Takaful) by signing the
first Memorandum of Understanding MoU with Pak Kuwait Takaful Company Limited
(PKTCL). The signing of this MoU has ushered Pakistan into a new era of Islamic
Insurance (Takaful).