Area served Bangladesh & Overseas Number of employees 11,381 | Founded 1983 Headquarters Dhaka | |
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Type Private (Non-Government), Industry Banking
Financial services Key people 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} Managing director Mr. Md. Abdul Hamid Miah (& Ceo) Executive vice president Md. Abdul Jabbar, Md. Shafiqur Rahman, Md. Shamsul Huda, Md. Mosharraf Hossain Subsidiaries IBBL Exchange Singapore Pte. Ltd. | ||
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 Dhaka Stock Exchange Ltd. and Chittagong Stock Exchange Ltd.
Contents
History
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.
Major shareholders
63% shared owned by the above shareholders and 60,000 people of Bangladesh are owners of the rest 37 percent shares.
Awards
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.
Social welfare activities
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).
The social welfare projects of Islami Bank Foundation includes: