Your Bank, Based on Islamic Shariah
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A view of Islami Bank Tower in Dhaka, Bangladesh
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Private (Non-Government), | |
Industry |
Banking Financial services |
Founded | March 13, 1983 |
Headquarters | Dhaka, Bangladesh |
Area served
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Bangladesh & Overseas |
Key people
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Arastoo Khan (Chairman) Md. Abdul Hamid Miah (CEO) |
Products |
Banking services, ATM services, Internet Banking, Payment Gateway, Mobile Banking, Consumer Banking Corporate Banking Investment Banking |
Revenue | Tk 27.413 billion, US$ 0.352 billion {November 2013} |
Tk 24.67 billion (US$ 0.317 billion) {May 2013} | |
Tk 17.80 billion (US$ 0.229 billion) {May 2013} | |
Total assets | US$ 8.381 billion {July 2015} |
Total equity | Tk 48.466 billion, US$ 0.6278 billion {Sep 2015} |
Number of employees
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11,381 |
Website | islamibankbd |
Islami Bank Bangladesh Ltd. (IBBL) (Bengali: ইসলামী ব্যাংক বাংলাদেশ লিমিটেড) is the pioneer of Islamic banking in Bangladesh. It became incorporated on 13 March 1983 as a public limited company under the Companies Act 1913. It has 36.91% local and 63.09% foreign shareholders. Up to Dec 2015, IBBL has 307 branches including 57 AD Branches & 03 Offshore Banking Units as well as has 13,229 staffs. In addition to that IBBL maintains its own 497 ATM Booths, 33 IDM (IBBL Deposit Machine) along with 6,000 shared ATM network across the country. IBBL mobilizes around 27% of the country remittance. In 2015, it serves USD 3,903.21 million out of USD 15,316.75 million of total country remittance. As such, IBBL is the largest private banking network in Bangladesh. When IBBL was established, it was the first bank in south-east asia to provide banking service based on Shariah. The bank is listed with both and
Islami Bank Bangladesh Limited is a sharia compliant bank in Bangladesh which started operations on 30 March 1983. It is a public limited company registered under the Companies Act of 1913. IBBL is a joint venture of the government of Bangladesh, 22 businessmen of Bangladesh, Islamic Development Bank, and investment firms and banks from Muslim Middle Eastern countries.
63% shared owned by the above shareholders and 60,000 people of Bangladesh are owners of the rest 37 percent shares.
Global Finance, a reputed US-based quarterly magazine, awarded IBBL as the best bank of Bangladesh for the Year 1999, 2000, 2004, and 2005, and the best Islamic financial institution of Bangladesh every year from 2008 through 2013.
Islami Bank Bangladesh Limited is dedicated itself towards the welfare of society. It has formed a separate foundation named Islami Bank Foundation with a fund of Taka 38.00 million in order to conduct social-welfare activities on a broad scale. Since then, Islami Bank Foundation is carrying the social welfare, education, health and medicare activities on behalf of Islami Bank Bangladesh Limited (IBBL).