DEPARTMENT OF ACCOUNTING ORGANIZED A FIELD TRIP TO THE ISLAMIC INTERNATIONAL TRUST BANK IN ERBIL
On May 10, 2023, the Department of Accounting organized a field trip to Islamic International Trust Bank in Erbil for third-stage students under the supervision of the Lecturer Dr. Hashem MHD safi.
Ms. Shahinaz Vakir Shah Mohammed, Director of Islamic Trust Bank, greeted the students and explained the nature of the banking business. She explained the methods of operation, types of banking transactions, profit sharing ratios and key differences between Islamic trust banks and other banks.
In addition, students learned how to record deposit-related accounting operations, calculate profit sharing ratios, and classify and record deposit accounts, categories, and customer segments targeted by banks.
The scientific visit ended with an overview of the Islamic Trust Bank’s accounting system, including checks and deposit books. This gave the students an opportunity to ask questions about the bank’s activities.