ISLAMI BANK BANGLADESH

Islami Bank Bangladesh PLC is neither a factory nor a trader. It is a leading commercial bank.

Islami Bank Bangladesh PLC (IBBL) is the first Islamic bank in Southeast Asia and a pioneer in Islamic banking worldwide. Established in 1983, it operates under Sharia principles, providing a wide range of interest-free banking products and services. IBBL is a public limited company and is recognized as the largest private commercial bank in Bangladesh based on various indicators such as deposits, investments, and branch network. Its services include retail banking, corporate banking, SME financing, foreign exchange, remittance services, and various investment schemes, all adhering to Islamic finance guidelines. The bank plays a significant role in the socio-economic development of Bangladesh by promoting ethical and equitable financial practices.

Islami Bank Bangladesh Limited offers a wide range of Shariah compliant products and services. These include:

Deposit Products:

Mudaraba Savings Account

Al-Wadiah Current Account

Mudaraba Special Savings Account

Mudaraba Term Deposit Account

Mudaraba Hajj Savings Account

Mudaraba Special Savings Scheme

Mudaraba Millionaire Savings Scheme

Mudaraba Senior Citizen Savings Scheme

Mudaraba Women Entrepreneurs Savings Scheme

Mudaraba Double Benefit Deposit Scheme

Mudaraba Education Savings Scheme

Mudaraba Housing Savings Scheme

Mudaraba Marriage Savings Scheme

Mudaraba Pension Savings Scheme

Mudaraba Children Savings Scheme

Foreign Currency Deposit Account

Investment Products (Financing):

Murabaha (for buying goods, e.g., consumer durables, housing, commercial vehicles, industrial raw materials)

Ijara (leasing for machinery, equipment, vehicles)

Musharaka (partnership financing)

Mudaraba (profit-sharing financing)

Bai-Salam (advance payment for future delivery of goods, e.g., agricultural products)

Bai-Istisna (manufacturing finance for specific projects or goods)

Hire Purchase under Shirkatul Melk (HP-SM) (for housing, vehicle)

Investment in Small and Medium Enterprises (SME)

Investment in Agriculture and Rural Development

Investment for Women Entrepreneurs

Foreign Exchange and Trade Services:

Import Financing (Letter of Credit - LC)

Export Financing (Packing Credit, Export Bill Purchase)

Local and Foreign Remittance Services

Issuance of Bank Guarantees (LG)

Correspondent Banking Services

Digital and Card Services:

IBBL iBanking (Internet Banking)

CellFin (Mobile Banking App)

M Cash (Mobile Banking)

ATM and POS Services

Debit Cards (Visa, MasterCard)

Shariah Compliant Credit Cards (Visa, MasterCard)

Prepaid Cards

Other Services:

Locker Services

Safe Custody Services

Utility Bill Collection

Collection of Government Taxes and Fees