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BICM Brochure

The Bangladesh Institute of Capital Market (BICM) was established in 2008 to develop a strong capital market through imparting practical knowledge and education. BICM offers various certification programs, investor education programs, and a Postgraduate Diploma in Capital Market program to bridge the gap between current and required levels of capital market knowledge. BICM is working to be a center of excellence and has facilities to accommodate 250 participants for training programs.

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467 views24 pages

BICM Brochure

The Bangladesh Institute of Capital Market (BICM) was established in 2008 to develop a strong capital market through imparting practical knowledge and education. BICM offers various certification programs, investor education programs, and a Postgraduate Diploma in Capital Market program to bridge the gap between current and required levels of capital market knowledge. BICM is working to be a center of excellence and has facilities to accommodate 250 participants for training programs.

Uploaded by

Nayeem
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Bangladesh Institute of Capital Market (BICM)

Schooling the Capital Market

Bangladesh Institute of Capital Market (BICM) is the national institute for imparting practical
capital market education and training. BICM is striving to be a center of professional
excellence through disseminating recent and updated theoretical and practical knowledge.

Background
Bangladesh Institute of Capital Market was established as national institution for the development
of a strong and healthy capital market through imparting practical knowledge and education on
capital market.
The Institute fulfilled a long felt demand of market participants, exchanges, stakeholders and
development partners. Recommendations from different studies of development partners to
establish a national Institution for the capital market have been reflected as follows: To establish
Securities Industries Development Center (UNDP- 1998); Setting-up a Securities Institute in
Bangladesh (FIRST Initiative- 2004) and To establish an autonomous National Capital Markets
Institute for professional development of a full spectrum of market professionals and that would
be autonomous in nature (ADB-2005).
BICM was established on 24 Jul 2008 and fully funded by Government of the Peoples Republic
of Bangladesh (GoB) from FY 2009-10. Mr. Abul Maal Abdul Muhith, Hon'ble Minister, Ministry of
Finance, GoB inaugurated the academic activities of BICM on 09 December 2010.
The Institute has been operating under the policy directions of Bangladesh government and the
leadership of a competent board led by Professor Dr. M. Khairul Hossain, Chairman of the Board
of Directors of BICM & BSEC. Mr. Mohammad Abdul Hannan Zoarder is the Executive President
of the Institute.

Mission

Vision

BICMs core purpose is to bridge the gap


between the current level of knowledge, skills
and competency of Bangladesh capital
market participants and the level required for
participants in a world class capital market

Bangladesh Institute of Capital Market is


aiming to
- be generally recognized as the eminent
provider of high quality practical education,
training and assessment in the Bangladesh
capital markets
- build an effective partnership between the
public sector and the private sector in fostering
and enhancing the knowledge on capital
market

Values
In delivering its programs to the capital
markets in Bangladesh, BICM, its students
and staff will adhere to the following values:

- administer regularly updated mandatory


licensing examinations nationally
- offer a range of training courses in different
formats to support the mandatory licensing
examinations

- Excellence
- Dignity of each person
- Professionalism
- Flexibility
- Integrity

- organize and promote training and research


in securities and financial market, investment
and related matters for the public benefit
- organize and conduct examination, publish
results thereof and award certificates, diplomas
and other distinctions

Board Members and Manpower


In 2010, the government approved organogram of BICM that has similarity to a public university,
at small scale, having 97 employees including 27 faculty members. In 2013, the government also
approved the compensation structure of the Institute. Under the leadership of Chairman,
Bangladesh Securities and Exchange Commission (BSEC), the Institute has got a competent
Board of Directors with a wide range of expertise representing cross section of stakeholders that
includes government, regulator, market intermediaries, exchanges, academia and different
professional bodies. A total of 38 staff members including six faculty members and six officers
have been working in the institute. The remaining positions are being filled up.

Board of Directors

Chairman
Professor Dr. M. Khairul Hossain
Chairman of the Board of Directors of BICM & BSEC

Directors
Mr. Amalendu Mukherjee

Mr. Showkat Hossain, FCA

Additional Secretary, BFID, GoB

President, ICAB

Mr. Md. Fayekuzzaman

Mr. Mohammad Salim, FCMA

Managing Director, ICB

President, ICMAB

Justice Siddiqur Rahaman Miah

Mr. Mohammad Asad Ullah, FCS

Chairman, DSE

President, ICSB

Dr. Muhammad Abdul Mazid

Dr. Mahmood Osman Imam

Chairman, CSE

Professor, Dept of Finance, University of Dhaka

Mr. Tapan Chowdhury

Mr. Md. Saifur Rahman

President, BAPLC

Executive Director, BSEC

Mr. M H Samad

Mr. Mohammad Abdul Hannan Zoarder

CEO, CDBL

Executive President, BICM (Ex-officio)

BICM Senior Management


Mohammad Abdul Hannan Zoarder
Executive President

S. M. Rafiqul Islam (Ripon), FCA


Director (Admin. & Finance)

Faculty Members
Associate Professor

Lecturer

Nitai Chandra Debnath, FCMA

Faysal Ahmad Khan

MBA (DU)

MBA (Finance, DU)

Sifullah Khaled

Assistant Professor

MBA (Finance, DU)

Md. Mahbubul Haque Khan

Tasruma Sharmeen Chowdhury

MBA (Finance, DU),


MSc (Finance & Investment, University of Leeds, UK)
[applied for study (PhD) leave]

MBA (IBA, DU)

Md. Habibullah
MBA (AIS, RU)

Adjunct Faculty Members


Renowned academics, researchers, market experts and professionals are also attached with
BICM as adjunct faculty.

Infrastructural Facilities
BICM is housed at 18,508 sqft. area in the commercial hub of the city. BICM is equipped with
state of the art education and professional training facilities as well as advanced learning
amenities for imparting national and international training programs, workshops, seminars and
conferences.
Capacity to accommodate 250 participants at one go.
Conference room, 03 class rooms, 04 break-away-session rooms equipped with modern
furniture and fixtures, technologically-advanced audio visual equipment and flexibility to
arrange classrooms in required learning styles.
Library, Computer Lab and Digital library
Wi-Fi zone; Canteen; Coffee Corner; Lobby for participants interface and Prayer hall
Dedicated reception desk and Information corner, Emergency doctors service
Conference and events recording facilities; Workstation for moderators/ facilitators etc.
and Availability of complementary supports like copying, printing etc.
To augment the Vision 2021, the Institute is equipped with latest ICT facilities. The audio-visual
and video conferencing facilities with dedicated 20 mbps fiber optics internet connection will
enable the Institute to establish its linkage with institutions from home and abroad in
disseminating knowledge.
BICM has the unique and enriched library of the country that is the repository of business,
finance, trade, banking, insurance, ICT, law and wide array of financial and other titles. To date,
BICM has stocked over 10,000 physical books and in process of procuring e- books, videos and
other learning and reference materials. BICM is also enriched by a good repository of research
data, financial journals, and magazine from home and abroad to facilitate research. Obtaining the
permission, the Institute is also contemplating to hook up its server with the e- library of University
Grant Commission, Bangladesh.

Academic Activities
8

Ongoing Academic Activities


Investor Education Program (at free of cost)
To fulfill the commitment of the government of increasing awareness of general investors, BICM
has been conducting Investor Education Program at free of cost. General investors have been
encouraged to assess the financial health of the listed companies prior to making investment. Till
December 2014, around 3200 existing investors and future/ potential investors have been trained
on the basics of capital market investment. Considering the increasing demand of the investors,
BICM has started offering four investor awareness programs monthly instead of two.

Certificate Courses and Specialized Programs


Till December 2014, BICM has conducted 29 Certification Programs of different durations (two
weeks to six weeks long) for professionals, regulators, market intermediaries and sector
stakeholders. A total of 620 participants have been certified on different areas.
Subject matters of Certification Programs:

Securities Laws in Bangladesh


Investment in Capital Market
Financial Statement Analysis
Understanding IAS, IFRS and ISA
Corporate Governance
Insider Trading, Fraud & Market Manipulation
Examination of Prospectus
Legislative Drafting
Understanding Revaluation of Assets
Financial Journalism
Investment Analysis and Securities Valuation
Capital Raising and Investment in Primary Market
Fixed Income Securities
10

Customized Programs:
BICM also arranged foundation training course for BSEC Deputy Directors, training on Market
Operation (Trading Software) for Stock Exchange members, ToT on Corporate Governance with
IFC and Global Corporate Governance Forum, training on capital market basics for officials of
BFID, MoF, GoB etc.

Postgraduate Diploma in Capital Market Program (PGDCM)


BICM is offering PGDCM in spring 2015 Trimester for the market intermediaries, full spectrum of
market professionals of capital market and graduates who aspire to pursue career in the same.
The diploma will provide a blend of theoretical and practical knowledge on market mechanism,
new instruments, techniques and legal framework.
The 1- year long PGDCM program consists of 13 courses of 36 credit hours including internship.
The program is divided into three trimesters. Four courses are offered in each trimester as
follows:
Core Courses: The Bangladesh Financial Markets; Economics; Financial Mathematics and
Statistics; Analysis and Interpretation of Financial Statements.
Intermediate Courses: Security Analysis; Forecasting & Basic Econometrics; Capital Markets
Operations; Legal Environment.
Advance Courses: Corporate Finance and Portfolio Management; Financial Derivatives and
Alternative Instruments; Regulations and Ethics in the Capital Markets; Financial Modeling.

11

Future Activities of BICM


Training on New Products of Capital Market
To implement the recent reforms taken by Government as to allowing trading of derivatives,
commodities and exchange traded fund, BICM is designing curricula and training programs on
the same.

Masters in Capital Market


The Institute also expects to start Masters Program on Capital Market obtaining affiliation of the
University of Dhaka.

Mandatory Licensing Examination


In association with BICM, the expatriate consultant engaged under ADB- TA project designed
course materials for Mandatory Licensing Examination for Securities Market Intermediaries. If
authorized by BSEC, the Institute will impart training and conduct examination on the same.

Distance Learning Programs


BICM is also preparing and equipping itself to start Distance Learning Programs at school and
college level for wide dissemination of capital market knowledge at national sphere.

Research and Knowledge Management Activities


There is paucity of research, case study and documentation on financial market in general and
capital market in particular. BICM will put maximum emphasis and invest time, energy and efforts
in research and knowledge management activities to bridge the gap. These activities of BICM will
be aiming at setting standards, preparing best-practice examples, assisting policy formulation and
preparing guidelines to help the stakeholders. The research outcomes, policy papers and
recommendations will facilitate the government and policy makers in devising policy, regulator in
formulating rules and professionals in implementation and practice.
12

13

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14

Photo Gallery

15

Infrastructural facilities
Library

Computer Lab

Class Room

Break Away Session Room

16

Infrastructural facilities (Contd)


Conference Room

Cafeteria

Digital Lab

Reception

17

BICM Activities
Inauguration Ceremony of BICM

Dr. Mashiur Rahman, Economic Affairs Adviser to the


Honble Prime Minister, visited BICM

Board of Directors in a Board Meeting

Dr. M Aslam Alam, Honble Secretary, BFID, Ministry of


Finance, visited BICM

18

BICM Training Activities


Investor Awareness Program

Training on Capital Raising and Investment in Primary


Market

Training on Securities Laws of Bangladesh

Regulatory Training Program on Understanding IAS, IFRS


and ISA

19

BICM Training Activities (contd)


Training on Financial Journalism

Training on for BFID officials, Ministry of Finance;


Honble State Minister of Finance was the Chief Guest

Foundation Training Course for SEC Deputy Directors

A Certificate Awarding Ceremony;


Honble Chairman BICM was the Chief Guest

20

21

Why studying with BICM is better investment

To be a successful financial market professional, an individual needs skills in clarity of thoughts,


quick decision-making, financial analysis, and interpersonal relationships. BICM will enhance these
skills by imparting apt knowledge to enhance an individuals knowledge, skills and attitude at all
levels.

By offering a broad array of professional programs, BICM provides participants with progressive
career building opportunities. The program will also boost a persons credibility and maximize
professional opportunities in the field of financial market in general and capital market in particular.

BICM also offers programs for individuals who aspire to pursue their career in the fields of capital
market viz. regulation, operations, compliance and investment management.
BICM will provide a deeper insight into how economies and capital market work, which will enrich
decision making ability of an investor.

The blend of rigorous academic core and practical application provided by BICM will help sharpening
participants management as well as technical skills that are sought by financial institutions,
companies and public organizations.

Course contents and questions of all BICM qualifications are set and regularly viewed by senior
practitioners to ensure they are up-to-date and relevant.

22

Bangladesh Institute of Capital Market


BGIC Tower (Ground- 3rd Floor),
34, Topkhana Road, Dhaka- 1000, Bangladesh
PABX: +88-02-7113190, 7113800
Fax: +88-02-9515773-4
E-mail: info@[Link]
Web: [Link]

23

Photo Gallery

Common questions

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BICM aims to bridge the knowledge gap in the Bangladesh capital market by providing high-quality practical education, training, and assessments. It strives to be recognized as an eminent provider of such education and aims to foster an effective partnership between the public and private sectors to enhance market knowledge. The Institute's activities include offering a range of training courses and mandatory licensing examinations, promoting research in securities and financial markets, and organizing various programs for public benefits. BICM also emphasizes the development of skills related to financial analysis, decision-making, and interpersonal relationships, which are essential for capital market professionals .

BICM recognizes a paucity of research, case studies, and documentation on financial markets and is committed to bridging this gap through significant emphasis on research and knowledge management activities. The Institute aims to develop standards, best practices, and guidelines that assist policymakers, regulators, and professionals. BICM's strategic plans involve investing time and resources into high-quality research that can influence policy formulation and rule-making, thereby improving market operations and practices. By setting a robust research agenda, BICM supports its goal of improving the overall quality of the financial markets in Bangladesh .

BICM's collaboration with national and international organizations enhances its educational offerings by integrating global perspectives and best practices into its curricula. This connectivity is facilitated through its advanced ICT infrastructure, enabling participation in international seminars and workshops. The collaboration results in enriched training content, access to international research, and the establishment of a network that supports knowledge sharing and professional development. Such partnerships also provide opportunities for faculty exchange and joint research projects, elevating the quality and applicability of BICM's educational programs .

The professional values embraced by BICM, including excellence, dignity, professionalism, flexibility, and integrity, underpin its educational programs and training delivery. These values ensure that the Institute maintains high standards in developing and delivering educational content, fostering an environment that respects each participant's rights and potential. Professionalism and integrity guide the adherence to ethical practices in education, while flexibility allows adaptation to emerging educational needs, ensuring the relevancy and effectiveness of its programs .

BICM's curriculum is designed to support the development of critical skills for financial market professionals, such as clarity of thought, decision-making, financial analysis, and interpersonal relationships. The academic programs, particularly the PGDCM, offer a robust combination of core, intermediate, and advanced courses that cover comprehensive financial theory and practical application. By integrating real-world case studies and providing opportunities for internships, BICM enhances these skills, ensuring that participants are well-prepared for dynamic market environments. Regular updates to the curriculum, guided by senior practitioners, ensure its relevance and effectiveness .

BICM's infrastructure includes state-of-the-art educational and professional training facilities such as classrooms equipped with modern audio-visual equipment, a library with over 10,000 books and various e-resources, a computer lab, and advanced ICT facilities, including a 20 Mbps fiber optics internet connection. These facilities enable it to conduct national and international training programs, seminars, and workshops easily. Additionally, the physical setup allows for flexible room arrangements to accommodate various learning styles, which aids in the practical education of participants .

BICM actively contributes to investor education and awareness by offering investor education programs free of cost, which promote financial literacy and analytical skills among general investors. These programs encourage participants to assess the financial health of companies before investing, thereby fostering informed decision-making. By December 2014, BICM had trained approximately 3,200 investors and potential investors on capital market basics. The Institute also increased its monthly investor awareness programs from two to four, responding to high demand, which signifies its commitment to enhancing investor confidence and market participation .

Government policy significantly influences the operations and strategic direction of BICM as it was established and is fully funded by the Government of Bangladesh. The Institute operates under policy directions provided by the government, which aligns its objectives with national interests such as improving financial literacy and market operations. Strategic initiatives like investor education programs and mandatory licensing examinations reflect government priorities in financial market development. Furthermore, BICM's autonomy in educational content and program delivery ensures that it can effectively implement government-endorsed reforms and policies in capital market education .

The library at BICM plays a pivotal role in supporting capital market education and research by providing access to an extensive collection of over 10,000 books, covering topics such as business, finance, trade, banking, and ICT. It also stocks journals and research data from both local and international sources. The ongoing process of incorporating e-books and videos further enhances its capacity as a learning resource center. Additionally, plans to connect with external e-libraries will facilitate greater accessibility to up-to-date information, thereby enriching the research and education activities at the Institute .

The PGDCM program at BICM is significant for career advancement in the capital market as it offers a blend of theoretical and practical knowledge critical for market intermediaries and professionals. It covers a comprehensive curriculum, including core, intermediate, and advanced courses, across three trimesters. This structure provides a robust framework for understanding market dynamics, financial modeling, and regulatory environments, thereby enhancing participants' skills and employability. Furthermore, the program's inclusion of an internship experience allows for practical application of learned concepts, making graduates more competitive in the job market .

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