Islami Bank Bangladesh Ltd
Bangladesh is one of the largest Muslim countries in the world. The people of this country are deeply committed to Islamic way of life as enshrined in the Holy Qur'an and the Sunnah. Naturally, it remains a deep cry in their hearts to fashion and design their economic lives in accordance with the precepts of Islam. The establishment of Islami Bank Bangladesh Limited on March 13, 1983, is the true reflection of this inner urge of its people, which started functioning with effect from March 30, 1983. This Bank is the first of its kind in Southeast Asia. It is committed to conduct all banking and investment activities on the basis of interest-free profit-loss sharing system. In doing so, it has unveiled a new horizon and ushered in a new silver lining of hope towards materializing a long cherished dream of the people of Bangladesh for doing their banking transactions in line with what is prescribed by Islam. With the active co-operation and participation of Islamic Development Bank (IDB) and some other Islamic banks, financial institutions, government bodies and eminent personalities of the Middle East and the Gulf countries, Islami Bank Bangladesh Limited has by now earned the unique position of a leading private commercial bank in Bangladesh.
With 251 branches and 10,068 staffs, IBBL is the largest private banking network in Bangladesh.
Aims and Objectives of Islami Bank Bangladesh Limited (IBBL)
- To conduct interest-free banking.
- To establish participatory banking instead of banking on debtor-creditor relationship.
- To invest on profit and risk sharing basis.
- To accept deposits on Mudaraba & Al-Wadeah basis.
- To establish a welfare-oriented banking system.
- To extend co-operation to the poor, the helpless and the low-income group for their economic upliftment.
- To play a vital role in human development and employment generation.
- To contribute towards balanced growth and development of the country through investment operations particularly in the less developed areas.
- To contribute in achieving the ultimate goal of Islamic economic system.
Banking Services, Retail Banking, Corporate Banking, Investment Banking, ATM Services
IBBL Retail Banking Products
IBBL ATM Networks
Islami Bank Bangladesh Limited now has its own ATM network with 48 booths. IBBL also has 85 shared ATM booths with ETN covering major cities and distrcits of the country.IBBL is on its way to expand their ATM network country wide. IBBL card holder can withdraw cash, pay BTTB, GrameenPhone, CityCell and AkTel bill and monthly installments of MSS, Hajj, Muhor and HDS schemes through ATM.
Awards & Achievements of IBBL
Islami Bank Bangladesh Limited (IBBL) is awarded The Best Bank of Bangladesh for the year 1999, 2000, 2004, 2005 to 2010 and The Best Islamic Financial Instution in 2008, 2009 by The Global Finance, a reputed London based quarterly magazine.
Islami Bank Bangladesh Limited (IBBL)'s World Rating
As per Bankers' Almanac (January 2001 edition) published by the Reed Business Information, Windsor Court, England, IBBL's world Rank is 1771 among 3000 banks selected by them. This position was 1902 among 4500 selected banks as on January 1999 edition. IBBL's country Rank is 5 among 39 banks as per ratings made by the above Almanac on the basis of IBBL's Financial Statements of the year 2001.
Corporate Social Responsibility CSR of Islami Bank Bangladesh Limited (IBBL)
Islami Bank Bangladesh Limited is dedicated itself towards the welfare fo the society. It has formed a separated 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).
The aims and objectives of the Foundation are to serve distressed humanity, promote people oriented mass education, extend health and Medicare facilities to the poverty-stricken people in urban and rural areas, create facilities for productive self-employment and develop human resources for improving economic condition and quality of life, assist healthy growth of art, culture and literature, science and technology, sports, research and propagation of Islamic teachings. The Foundation has taken up a number of schemes covering the whole of Bangladesh.
Islami Bank Foundation has some special projects for CSR activity, these are:
- Islami Bank Hospital
- Islami Bank Medical College, Rajshahi
- Community Hospital
- Monoram: Islami Bank Crafts & Fashion
- Service Centre
- Islami Bank Institute of Technology
- Islami Bank International School and College
- Islami Bank Physiotherapy and Disabled Rehabilitation Centre
- Centre for Development Dialogue
- Bangladesh Sangskritic Kendra (Cultural Centre)