The Leadership Role of a Manager in an Organization Focusing on Social Islami Bank Limited

Executive summary

This Report is on Leadership of Manager in organization The art of leadership of a manager in an organization is a very important part. In this report we tried to explain and gather many information about a manager leading his branch from front. We also gathered SIBL many information and their structure. How the bank works and what are their Mission and vision. We also described their Product and services with much details to understand. SIBL CSR activities are also mentioned in this report. We made SWOT analysis of the bank based on External and Internal perspective. We have analyzed in details of SWOT. We have also wrote about the organization culture and the branch we visited and about the manager.

An Overview On SIBL : Social Islami Bank Limited

The SOCIAL ISLAMI BANK LTD (SIBL), a second-generation commercial bank, operating since 22nd November, 1995 based on Shariah' Principles, COn Targeting poverty, SOCIAL ISLAMI BANK LTD, is indeed a concept of 21st century participatory three sector banking model in one. In the formal sector, it works as an Islamic participatory commercial bank with human face approach to credit and banking on the profit and loss sharing.

It has a Non-formal banking sector too with informal finance and investment package that empowers and humanizes real poor family and create local income opportunities and discourages internal migration. The bank has another sector to monetize the voluntary sector and management of Waqf, Mosque properties and has introduced cash Waqf system for the first time in the history of banking.

In the formal corporate sector, this Bank, among others, offers the most up-to-date banking services through opening of various types of deposit and investment accounts, financing trade, providing letters of guarantee, opening letters of credit, collection of bills, leasing of equipment and consumers' durable, hire purchase and instalment sale for capital goods, investment in low-cost housing and management of real estates, participatory investment in various industrial, agricultural, transport, educational and health projects and so on.

The Bank has taken a renewed drive aiming at consolidating its business in more focused areas covering SME and Agro-finance with emphasis on searching for alternative delivery channel under which SMS banking and mobile-based remittance payment systems and by gradually introducing the same to disseminate the SIBL services to the doorsteps of the customers. The Bank has already introduced Internet Banking and launched some new products to strengthen its business. The products are Sonali Din, Sommridhir Sopan, Shayanho, Subarnolata, Subornarekha, Sanchita etc. and Zameel ATM Debit card.

SIBL has set its strategy to convert all its banking activities from traditional branch-based banking system to an ideal blending of both centralized processing unit (CPU) and effective operation of branch that is based on modern essence of banking.

SIBL is quite conscious of its social business responsibilities and is always trying to participate in various social programme in the country under its CSR portfolio giving special emphasis on health, habitat & education. The Bank ensures to provide better-integrated idea of formal, informal & voluntary banking in the same platform. SIBL has its unique feature to mobilize capital through CASH WAQF programme.

The Corporate Governance system in SIBL ensures transparency and accountability at all levels in conducting business. The Bank's continuous effort has been to increase the shareholders' value and to be valued as a compliant organization.

MISSION:

1. High quality financial services with the latest technology.
2. Fast, accurate and satisfactory customer service.
3. Balanced & sustainable growth strategy.
4. Optimum return on shareholders’ equity.
5. Introducing innovative Islamic banking products.
6. Attract and retain high quality human resource.
7. Empowering real poor families and create local income opportunities.
8. Providing support for social benefit organizations-by way of mobilizing funds and social services.

Social Islami Bank Limited started its journey with the concept of 21st Century Islamic participatory three sector banking model: i) Formal Sector- Commercial banking with latest technology; ii) Non-formal Sector-Family empowerment Micro-credit & Micro-enterprise program and iii) Voluntary Sector- Social Capital mobilization through CASH WAQF and others. Finally, "Reduction of Poverty Level" is the Vision, which is a prime object as started in Memorandum of Association of the Bank with the commitment "Working Together for a Caring Society.

Goal: Social Islami Bank has efficient and experienced staff for giving better service to its clients along with modern technology.