FIRST SECURITY ISLAMIC BANK LTD

FIRST SECURITY ISLAMIC BANK LTD is a financial institution, not a factory or a trading company. It provides banking and financial services.

Company Profile:

Type of Business: Financial Institution (Islamic Commercial Bank)

Country: Bangladesh

Establishment Year: 1999

Overview:

FIRST SECURITY ISLAMIC BANK LTD (FSIBL) is a leading private commercial bank in Bangladesh, operating strictly under the principles of Islamic Shariah. Established in 1999, FSIBL has consistently expanded its operations and services, becoming a significant contributor to the financial landscape of Bangladesh. The bank is committed to offering ethical and sustainable financial solutions while adhering to Islamic economic principles.

Services Offered:

FSIBL provides a wide array of banking products and services catering to individual, corporate, and small and medium enterprise (SME) clients. These services include:

- Diverse deposit schemes such as Mudarabah Savings Accounts, Al-Wadiah Current Accounts, and various term deposit products.

- Investment facilities based on Shariah-compliant modes like Murabaha, Mudarabah, Musharakah, Ijarah, and Salam for various sectors including trade, industry, and agriculture.

- Foreign exchange services, including import and export financing.

- Remittance services for both incoming and outgoing funds.

- Digital banking solutions, including internet banking, mobile banking, and an extensive ATM network.

- Locker services and other ancillary banking facilities.

Mission and Vision:

The bank's mission is to provide excellent customer service, utilize modern technology, and contribute to the socio-economic development of Bangladesh by strictly adhering to Shariah principles. FSIBL aims to be the most trusted and preferred Islamic bank in the country, fostering strong relationships with its customers, employees, and stakeholders through transparency, integrity, and social responsibility. It focuses on sustainable growth and ethical banking practices to ensure long-term value creation.

FIRST SECURITY ISLAMIC BANK LTD products and services include:

Retail Banking:

Savings Accounts

Current Accounts

Fixed Deposit Accounts

Mudaraba Savings Accounts

Hajj Savings Accounts

Education Savings Accounts

Pension Savings Accounts

Children's Savings Accounts

Women's Savings Accounts

Special Savings Schemes

Consumer Investments (Shariah-compliant loans for consumer goods)

Car Investments

House Investments

Personal Investments

Credit Cards (Shariah-compliant)

Debit Cards

Internet Banking

SMS Banking

Mobile Banking (FSIBL Mobile App)

Utility Bill Payment Services

Corporate Banking:

Working Capital Finance

Term Finance

Project Finance

Syndicated Finance

Trade Finance (Import, Export, Local LCs)

Bank Guarantees

Cash Management Services

Corporate Current Accounts

Corporate Deposit Accounts

SME Banking:

Small Business Investments

Medium Business Investments

Microfinance

Agricultural Investments

Women Entrepreneur Investments

Treasury Operations:

Interbank Money Market Operations

Foreign Exchange Operations

Investment in Government Securities

Investment Banking:

Equity Investments

Debt Investments

Leasing

Murabaha

Mudaraba

Musharaka

Ijara

Islamic Banking Services:

All products and services adhere to Shariah principles.

Zakat Collection and Distribution

Waqf Fund Management

Digital Banking:

Internet Banking

Mobile Banking App

ATM Network

POS Services