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In September 2010, Al-Arafah Islami Bank PLC. issued shares to raise funds to meet the requirements of Basel II. [9] A security officer of Al-Arafah Islami Bank PLC. was killed in May 2015 during a bank robbery attempt in Chittagong. [10] The Bank signed an agreement with Islamic Development Bank, based in Saudi Arabia, for investment. [11]
Bangladesh Bank is the central bank of Bangladesh and the chief regulatory authority in the banking sector. According to the Bangladesh Bank Order, 1972 the Government of Bangladesh reorganized the Dhaka Branch of the State Bank of Pakistan as the central bank of the country and named it Bangladesh Bank with retrospective effect from 16 ...
Islami Bank PLC. (Bengali: ইসলামী ব্যাংক পিএলসি.), abbreviated as IBBPLC, more commonly known as Islami Bank, is an Islamic banking company based in Bangladesh. It became incorporated on 13 March 1983 as a public limited company under the Companies Act 1913, and started operation on 30 March, the same year. [8]
Banks of Bangladesh with Islamic banking services (19 P) Pages in category "Islamic banks of Bangladesh" The following 7 pages are in this category, out of 7 total.
The bank started its operations on 7 April 2006 and began offering shariah-compliant retail banking, investment banking, consumer banking, and trade finance products. In May 2015, KASB Bank was acquired by BankIslami and later its branches were merged into BankIslami. [3] KASB Bank was formerly known as Platinum Commercial Bank. [4]
City Bank became the third bank in Bangladesh to offer UnionPay debit cards in August 2020. [19] In July 2021, CDC Group provided a US$30 million loan to City Bank. [20] Since the new offshore banking law was passed in March 2024, City Bank has managed to build offshore deposits of nearly US$21 million within two months.
The Bank was founded as NRB Global Bank on 25 July 2013 targeting not resident Bangladeshis. [6] Bangladesh Bank provided licenses to nine banks including NRB Global Bank in 2013 on the condition that the bank will eventually list on the stock market. [7] On 14 August 2013, Md Abdul Quddus was appointed managing director of NRB Global Bank. [8]
Social Islami Bank Limited is a Sharia compliant bank in Bangladesh which started operations on 22 November 1995. [3] SIBL was founded by M. A. Mannan, Dr. Hamid Al Gabid, Former Secretary General of O.I.C., Dr. Abdullah Omar Nasseef, and Ahmed M. Salah Jamjoom, Former Commerce Minister, Kingdom of Saudi Arabia.