Islami Bank Bangladesh Limited

Islami Bank Bangladesh Limited is a leading private bank in Bangladesh. Islami Bank Bangladesh Limited is a Joint Venture Public Limited Company engaged in commercial banking business based on Islamic Shari'ah with 63.09% foreign shareholding having largest branch network ( total 373 Branches, 167 Sub-Branches and 2283 Agent Outlets) among the private sector Banks in Bangladesh. It was established on the 13th March 1983 as the first Islamic Bank in the South East Asia.

It is listed with Dhaka Stock Exchange Ltd. and Chittagong Stock Exchange Ltd. Authorized Capital of the Bank is Tk. 20,000.00 million and Paid-up Capital is Tk. 16,099.91 million having 33,686 shareholders as on 31st December 2019.

Product of the Islami Bank Bangladesh Limited

Deposit Product: Islami Bank Bangladesh Limited mobilizes deposits through different types of accounts.

l-Wadeah Accounts

Islami Bank Bangladesh Limited operates Al-wadeah Current Account on the principles of Al-wadeah. The Bank commits to refund money deposited in these Accounts on the demand of customers. On the other hand the Bank takes permission from customers that the Bank may utilize their money. Customers may operate these Accounts as their desire. No profit is disbursed in these Accounts and depositors do not bear any loss.

Mudaraba Accounts

In the perspective of these Accounts, the Bank is 'Mudarib' and customers are 'Shahib Al-Mal'. On behalf of depositors, the Bank invests their deposited money and distributes minimum 65% of investment income earned through the deployment of Mudaraba funds among Mudaraba depositors after the closing of the year.

1. Al-Wadeah Current Account (AWCA)
2. Mudaraba Savings Account (MSA)
3. Mudaraba Term Deposit Account (MTDR)
4. Mudaraba Special Notice Account (MSNA)
5. Mudaraba Hajj Savings Account (MHSA)
6. Mudaraba Special Savings (Pension) Account (MSSA)
7. Mudaraba Savings Bond (MSB)
8. Mudaraba Monthly Profit Deposit Account (MMPDA)
9. Mudaraba Muhor Savings Account (MMSA)
10. Mudaraba Waqf Cash Deposit Account (MWCDA)
11. Mudaraba NRB Savings Bond (MNSB) Account
12. Mudaraba Foreign Currency Deposit Account (MFCD)
13. Students Mudaraba Savings Account (SMSA)
14. Mudaraba Farmers Savings Account (MFSA)

Investment Product  of the Islami Bank Bangladesh Limited

The investment policy of the Bank is to invest on the basis of profit-loss sharing system in accordance with the tenets and principles of Islamic Shari'ah. Earning profit is not the only motive and objective rather emphasis employment opportunities. Following modes are used for investment:

BAI-MODES

1. Bai-Murabaha
2. Bai-Istijrar
3. Bai-Muajjal
4. Bai Salam
5. Istisna�a
6. Bai-As-Sarf

SHARE-MODES

1. Mudaraba
2. Musharaka

IJARA-MODES

Investment Scheme:

IBBL finances to individuals to meet up their daily needs. there IBBL has designed various types of retail schemes:

1. House Hold Investment Scheme
2. Investment Scheme for Doctors (ISD)
3. Transport Investment Scheme (TIS)
4. Car Investment Scheme (CIS)
5. Small Business Investment Scheme (SBIS)
6. Micro Industries Investment Scheme (MIIS)
7. Agricultural Implement Investment Scheme (AIIS)
8. Real Estate Investment Program (REIP)
9. Real Estate Investment (Commercial & Working Capital)
10. Agricultural Investment of IBBL
11. NRB (Non Resident Bangladeshi) Entrepreneurs Investment Scheme(NEIS)
12. Women Entrepreneurs Investment Scheme (WEIS)

Rural Development Product:

To extend investment facilities to agricultural, other farming and off-farming activities in the rural areas. To finance self-employment and income-generating activities of the rural people, particularly the rural unemployed youths and the rural poor.