TO ORDER ISLAMI BANK BANGLADESH

Company Introduction: Islami Bank Bangladesh Limited

Islami Bank Bangladesh Limited (IBBL) is a leading commercial bank in Bangladesh. It was established on March 13, 1983, as the first Islamic bank in Southeast Asia. The bank operates under Islamic Sharia principles, offering a wide range of banking products and services that comply with these guidelines.

The "TO ORDER" phrase mentioned in your query is not part of the bank's official name or a descriptor of its business model. It typically refers to a type of payment instruction or endorsement on a financial instrument, indicating that payment should be made to the order of a specific party, in this case, Islami Bank Bangladesh.

Nature of Business:

Islami Bank Bangladesh Limited is neither a factory nor a trader. It is a financial institution, specifically a commercial bank. Its primary business involves providing banking and financial services to individuals, businesses, and institutions.

Key Information about Islami Bank Bangladesh Limited:

1. Establishment: Founded in 1983, it pioneered Islamic banking in Bangladesh and the region.

2. Mission: To establish a welfare-oriented banking system based on Islamic Sharia, promoting socio-economic development and justice.

3. Services Offered: IBBL provides comprehensive banking services, including:

* Deposit accounts (Mudaraba Savings, Mudaraba Term Deposit, Al-Wadiah Current Account, etc.)

* Financing (Murabaha, Mudaraba, Musharaka, Ijara, Salam, Istisna'a for various sectors like industry, agriculture, trade, housing, and small and medium enterprises).

* International trade finance (import, export, and remittance services).

* Foreign exchange services.

* ATM and online banking services.

* Locker services.

* Agent banking.

4. Reach: It is one of the largest private commercial banks in Bangladesh, with an extensive network of branches, sub-branches, and ATM booths across the country. It also has correspondent relationships with numerous banks worldwide to facilitate international transactions.

5. Headquarters: Dhaka, Bangladesh.

6. Commitment: The bank is committed to ethical banking practices, corporate social responsibility, and contributing to the economic growth of Bangladesh in line with Islamic values.

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

Deposit Products:

Mudaraba Savings Account

Al-Wadiah Current Account

Mudaraba Special Savings Scheme

Mudaraba Term Deposit Account

Hajj Savings Account

Mudaraba Monthly Savings Scheme

Mudaraba Millionaire Scheme

Mudaraba Double Benefit Scheme

Mudaraba Deposit Pension Scheme

Mudaraba Education Savings Scheme

Mudaraba Monthly Profit Deposit Scheme

Investment (Financing) Products:

Murabaha (Cost-plus sale) for various purposes like business, industry, housing, and consumer goods

Mudaraba (Profit-sharing) for business and projects

Musharaka (Partnership) for business and projects

Bai-Muajjal (Deferred payment sale)

Ijarah (Leasing) for machinery, vehicles, and equipment

Hire Purchase (Shirkah al-Mutanaqisah) for housing and consumer durables

Small and Medium Enterprise (SME) Financing

Agricultural Financing

Rural Development Scheme

Trade Finance Services:

Import and Export Financing (Letter of Credit, Post-shipment finance)

Foreign Remittance Services

Issuance of Bank Guarantees

Card Services:

Debit Cards

Credit Cards (based on Islamic principles)

Digital Banking Services:

Internet Banking

Mobile Banking (CellFin App)

ATM Services

SMS Banking

Other Services:

Locker Services

Treasury Services

Hajj and Omrah Services

Benevolent Fund Services