ISLAMI BANK BANFLADESH LTD

Company Type: Financial Institution (Bank). It is neither a factory nor a trading company.

Company Introduction:

Overview:

Islami Bank Bangladesh Limited (IBBL) is a prominent Shariah-compliant commercial bank in Bangladesh. It was established on March 30, 1983, making it the first Islamic bank in Southeast Asia.

Mission and Vision:

IBBL operates strictly under the principles of Islamic Shariah, aiming to provide comprehensive banking and financial services. Its core mission is to contribute to the socio-economic development of Bangladesh by fostering justice and equity in the financial sector, adhering to Islamic economic principles.

Services Offered:

The bank provides a full spectrum of banking services, including retail banking, corporate banking, foreign exchange operations, investment banking, SME (Small and Medium-sized Enterprise) financing, and various Shariah-compliant deposit and investment schemes. It serves a large customer base through an extensive network of branches, sub-branches, and ATM booths throughout Bangladesh.

Significance:

Islami Bank Bangladesh Limited has evolved into one of the largest and most influential private commercial banks in Bangladesh. It plays a significant role in the nation's financial system and is a key promoter of Islamic banking practices in the region. Its headquarters are located in Dhaka, Bangladesh.

Islami Bank Bangladesh Ltd. offers a comprehensive range of Shariah-compliant banking products and services. These include:

Deposit Products

Al-Wadiah Current Account

Mudarabah Savings Account

Mudarabah Special Savings Schemes such as Hajj Savings, Marriage Savings, Education Savings, and Pension Savings

Mudarabah Term Deposit Account

Mudarabah Monthly Profit Deposit Scheme

Mudarabah Millionaire Scheme

Mudarabah Double Benefit Scheme

Investment (Financing) Products

Murabahah for trade, working capital, industrial projects, and consumer durables

Mudarabah for project financing

Musharakah for project financing and working capital

Ijarah for equipment leasing and real estate leasing

Bai-Muajjal for consumer financing

Hire Purchase under Shirkatul Melk (HPSM) for housing and vehicle finance

Small and Medium Enterprise (SME) Investment

Agricultural Investment

Rural Development Scheme (RDS) Investment

Cards

Debit Cards including Visa and MasterCard branded options

Prepaid Cards

Shariah-compliant Credit Cards such as Visa Gold and Platinum

Digital Banking Services

Internet Banking through IBBL iBanking platform

Mobile Banking via CellFin App

Automated Teller Machine (ATM) Services

Point of Sale (POS) Services

SMS Banking

Foreign Exchange and Remittance Services

Inward and Outward Foreign Remittance

Export and Import Financing

Foreign Currency Accounts including FC Accounts and Resident FC Accounts

Traveler's Cheques

Other Services

Locker Services

Safe Custody Services

Pay Order and Demand Draft services

Utility Bill Payment services