TO THE ORDER ISLAMI BANK BANGLADESH

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

Introduction:

Islami Bank Bangladesh Limited (IBBL) is a prominent private commercial bank in Bangladesh, established in 1983. It holds the distinction of being the first Islamic bank in Southeast Asia and a pioneer of Islamic banking in Bangladesh. The bank operates strictly in accordance with Islamic Shariah principles, offering a comprehensive suite of banking products and services. These include various deposit schemes, investment opportunities, foreign exchange services, remittance facilities, and diverse financing options tailored for individuals, small and medium enterprises (SMEs), and corporate clients. IBBL plays a significant role in the economic development and financial landscape of Bangladesh.

TO THE ORDER is a banking term typically found on financial instruments like checks or promissory notes, indicating the payee. It is not a product manufactured or sold by Islami Bank Bangladesh Limited.

Islami Bank Bangladesh Limited is a financial institution that provides a wide range of Sharia-compliant banking products and services. These include:

Deposit Products:

Mudaraba Savings Account

Al-Wadiah Current Account

Mudaraba Term Deposit Account

Mudaraba Special Savings Account

Mudaraba Monthly Profit Deposit Account

Mudaraba Hajj Savings Account

Investment Products (Financing, adhering to Islamic principles):

Bai-Murabaha (Cost-plus sale for trade and industrial financing)

Bai-Muajjal (Deferred payment sale)

Hire Purchase under Shirkatul Melk (Leasing and installment sale)

Musharaka (Partnership financing)

Mudaraba (Profit-sharing investment)

Bai-Salam (Advance payment for future delivery of goods)

Istisna (Manufacturing contract)

Card Services:

Debit Cards

Sharia-compliant Credit Cards

Remittance Services:

Inward Foreign Remittance

Outward Remittance (for specific purposes as per regulations)

Digital Banking Services:

Internet Banking

Mobile Banking (mCash)

ATM Services

Other Services:

Locker Services

Trade Finance (Import and Export financing under Islamic modes)

Treasury Services

SME Investment Schemes

Agricultural Investment Schemes

Rural Development Schemes

Custodial Services