ISLAMIC BANK BANGALDESH LIMITED

Islamic Bank Bangladesh Limited (IBBL) Company Introduction:

Islamic Bank Bangladesh Limited (IBBL) is a pioneering financial institution in Bangladesh, established in 1983 as the first Islamic bank in Southeast Asia. It operates entirely on the principles of Islamic Shariah, offering a comprehensive suite of banking and financial products and services. These services cater to individuals, businesses, and institutions, and include various deposit schemes, investment products, trade finance, industrial finance, agricultural finance, and real estate finance. IBBL also provides foreign exchange services, remittance facilities, and modern digital banking solutions such as ATMs and internet banking. The bank is committed to fostering socio-economic development in Bangladesh by delivering ethical, interest-free financial solutions. It is a publicly listed company and holds a significant position within the country's banking sector.

Classification (Factory or Trader):

Islamic Bank Bangladesh Limited is neither a factory nor a trader. It is a financial services institution, specifically a commercial bank.

ISLAMIC BANK BANGLADESH LIMITED offers a wide range of Shariah-compliant financial products and services. These include:

Deposit Products:

Mudaraba Savings Accounts

Mudaraba Term Deposit Accounts

Current Accounts

Special Notice Deposit Accounts

Mudaraba Hajj Savings Scheme

Mudaraba Monthly Savings Scheme

Mudaraba Millionaire Scheme

Mudaraba Crorepoty Scheme

Mudaraba Senior Citizen Savings Scheme

Mudaraba Student Savings Scheme

Investment (Financing) Products:

Murabaha (Cost-Plus Sale) for general trade, working capital, and consumer goods.

Bai-Muajjal (Deferred Payment Sale) for various assets.

Ijarah (Leasing) for equipment and property.

Musharaka (Partnership) for project financing and business ventures.

Mudaraba (Profit Sharing) for specific projects.

Salam (Forward Buying) for agricultural and industrial products.

Istisna (Manufacturing Finance) for custom-made goods.

Housing Investment Schemes.

Small and Medium Enterprise (SME) Investment.

Agricultural Investment.

Rural Development Scheme.

Card Services:

Debit Cards (Visa, MasterCard, NPSB)

Shariah-compliant Credit Cards (Visa, MasterCard)

Digital Banking Services:

Internet Banking

Mobile Banking (mCash)

SMS Banking

ATM Services

Agent Banking

Trade Finance Services:

Import Services (Letters of Credit, Bill Discounting)

Export Services (Pre-shipment and Post-shipment finance, Export Bills Collection)

Bank Guarantees

Foreign Exchange and Remittance Services:

Inward and Outward Remittance

Foreign Currency Exchange

Other Services:

Locker Services

Treasury Services

Corporate Banking Services

Government Treasury Transactions