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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]
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]
Download QR code; Print/export Download as PDF; Printable version; ... Shahjalal Islami Bank; Social Islami Bank; Standard Bank PLC. This page was ...
On 3 January 2021, NRB Global Bank rebranded itself as Global Islami Bank and became a sharia compliant bank. [17] In June, the banks proposal to raise 42.5 billion taka from an IPO was approved by Bangladesh Bank. [7] In September 2021, Bangladesh Bank fined the bank for going beyond the investment ceiling for banks in the stock market. [18]
There are 10 Islami Shariah-based PCBs in Bangladesh and they execute banking activities according to Islami Shariah-based principles i.e. Profit-Loss Sharing (PLS) mode. [1] Exim Bank PLC; Al-Arafah Islami Bank PLC; First Security Islami Bank PLC; Global Islami Bank PLC; ICB Islamic Bank PLC; Islami Bank Bangladesh PLC; Shahjalal Islami Bank PLC
ICB Islamic Bank was established in 1987 and started operations on 20 May 1987 as Al-Baraka Bank. [5] [6] The bank listed on Dhaka Stock Exchange in 1990. [7] By 1994, the bank ran into financial troubles. [6] In 2004, the bank was reorganized and renamed to Oriental Bank. [6]
First Security Islami Bank PLC. (Bengali: ফার্স্ট সিকিউরিটি ইসলামী ব্যাংক পিএলসি.) is a public limited bank in Bangladesh which was founded on 29 August 1999 and provides sharia-compliant banking. [1]
In July 2015, Halder was appointed the managing director of NRB Global Bank (later rebranded Global Islami Bank). [3] [5] Halder owned HAL international, whose director, Swapan Kumar Mistri, was a director of International Leasing and Financial Services Limited. [3] Mistri's wife was the chairperson of Mutual Trust Bank Limited Marine. [3]