Islami Bank Bangladesh Limited

Islami Bank Bangladesh Ltd. (IBBL) is an Islamic banking company based in Bangladesh. As a public limited company, this bank was incorporated on 13 March 1983 by the companies act. It has 36.91% local and 63.09% foreign shareholders. In Bangladesh, this bank is one of the top-rated private banks. Here I am going to write about the detailed information about this bank. Please keep reading, if you think this article will be helpful for you.

Islami Bank Bangladesh Limited Information

The Islami Bank Bangladesh Limited shortly IBBL was founded in 1983, and then this bank was the first bank in Southeast Asia that was providing banking services based on Shariah. According to the information of 2019, Islami Bank Bangladesh Limited has 350 branches including 59 AD Branches & 03 Offshore Banking Units. 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 the largest branch network (total 384 Branches) among the private sector Banks in Bangladesh. Md. Nazmul Hassan (Ph. D) is the chairman of IBBL Bank. Md. Mahbub-ul-Alam is the managing director and CEO, Mohammed Monirul Moula and Muhammad Qaisar Ali are the Additional Managing Director of this bank. Keep your reading to know more

Registered Name: Islami Bank Bangladesh Limited
Founded: 1983
Type: Private Bank (Commercial)
Country: Bangladesh
Code: 125
SWIFT Code: IBBLBDDH
Stock Code: ISLAMIBANK – DSE CSE

Contact Information

To contact them a telephone fax e-mail website is available here.

Telephone: (02) 9563040(Auto Hunting), 9560099, 9567161,9567162, 9569417
Fax: 880- 2- 9564532, 880 -2- 9568634
E-mail Address: [email protected]
Website: www.islamibankbd.com

Head Office

The head office of IBBL Bank is Islami Bank Tower, 40, Dilkusha C/A, Dhaka – 1000, Bangladesh.

Some Important Contact No.s

Some important contact numbers are given below for the betterment of the customers.

Local Office: (02) 9552897
Foreign Exchange Branch: 9565756, 9569412, 9569413
Foreign Remittance Service: 7111081, 7112038, 7117718 (Customer Service: Ext 422, 416)
Overseas Banking Division: 9563040 (Ext: 301,317) SWIFT : 112
ATM Card Support: 01713190693, 01729072890, 01729072891, 9830840, 9830844

Account Opening Details

To open accounts in IBBL Bank you need some identification Documents. We have arranged all the documents that you need are given below.

Identification Document

  1. National ID Card
  2. Current valid Passport
  3. Birth Certificate
  4. Diving Licence

Accounts Type

Current Accounts

  • Al-Wadeah Current Account (AWCA)
  • Foreign Currency Account (FCA)
  • Non-Resident Investors Taka Account (NITA)

Savings Accounts

  • Mudaraba Savings Account(General)
  • Mudaraba Savings Account(RDS)
  • Student Mudaraba Savings Account(SMSA)
  • Mudaraba Special Notice Account (MSNA)
  • Mudaraba Farmers Savings Account (MFSA)
  • Mudaraba Foreign Currency Deposit Account (MFCDA

Term Deposit Accounts

  • Mudaraba Special Savings(Pension) Account (MSSA)
  • Mudaraba Hajj Savings Account (MHSA)
  • Mudaraba Mohor Savings Account (MMSA)
  • Mudaraba Term Deposit Receipt Account (MTDRA)
  • Mudaraba Savings Bond Account(MSBA)
  • Mudaraba NRB Savings Bond Account(MNSBA)
  • Mudaraba Monthly Profit Deposit Scheme Account (MMPDSA)

Waqf Deposit Accounts

  • Mudaraba Waqf Cash Deposit Account (MWCDA)

Islami Bank Loans

Islami Bank offers lots of loan products according to the willingness of the customers. so a customer can easily select one as he wishes. Islami Bank loan products are given below.

BAI-MODES

  • Bai-Murabaha
  • Bai-Istijrar
  • Bai-Muajjal
  • Bai Salam
  • Istisna�a
  • Bai-As-Sarf

SHARE-MODES

  • Mudaraba
  • Musharaka

IJARA-MODES

  • Hire Purchase Under Shirkatul Melk

Investment Scheme

  • House Hold Investment Scheme
  • Investment Scheme for Doctors (ISD)
  • Transport Investment Scheme (TIS)
  • Car Investment Scheme (CIS)
  • Small Business Investment Scheme (SBIS)
  • Micro Industries Investment Scheme (MIIS)
  • Agricultural Implement Investment Scheme (AIIS)
  • Real Estate Investment Program (REIP)
  • Real Estate Investment (Commercial & Working Capital)
  • Agricultural Investment of IBBL
  • NRB (Non-Resident Bangladeshi) Entrepreneurs Investment Scheme(NEIS)
  • Women Entrepreneurs Investment Scheme (WEIS)

Loan Interest Rate

The interest rate of Islami bank varies from 12.00% to 14.00%.

Islami Bank Deposits

Islami Bank has various deposit products such as Mudaraba Special Savings, Mudaraba Special Savings, Mudaraba Special Savings, Mudaraba Monthly Profit Deposit Scheme, and so on.

  • Mudaraba Special Savings (Pension) Account
  • Mudaraba Special Savings (Pension) Account
  • Mudaraba Special Savings (Pension) Account
  • Mudaraba Monthly Profit Deposit Scheme
  • Mudaraba Monthly Profit Deposit Scheme
  • Mudaraba Term Deposits Receipt 1 month
  • Mudaraba Term Deposits Receipt 3 months
  • Mudaraba Term Deposits Receipt 6 months
  • Mudaraba Term Deposits Receipt 12 months
  • Mudaraba Term Deposits Receipt 24 months
  • Mudaraba Term Deposits Receipt 36 months
  • Mudaraba Savings Bond (MSB) Account 8 years
  • Mudaraba Savings Bond (MSB) Account 5 years
  • Mudaraba NRB Savings Bond Account 10 years
  • Mudaraba NRB Savings Bond Account 5 years
  • Mudaraba Hajj Savings Account (11-25) years
  • Mudaraba Hajj Savings Account (01-10) years
  • Mudaraba Waqf Cash Deposit Account
  • Mudaraba Muhor Savings Account 10 years
  • Mudaraba Muhor Savings Account

Islami Bank FDR Rate

The interest rate of IBBL Bank varies from 5.00 to 7.00%.

Foreign Exchange & Trade Finance of IBBL Bank

The achievement of Islami Bank Bangladesh Limited in the area of foreign Exchange business has been quite phenomenal. It plays a very important role in the growth and development of the country. To handle foreign exchange business effectively and efficiently, the bank has, over the years, developed a wide network of correspondents throughout the world. The Foreign Exchange Business handled By IBBL may be classified as under:

  1. Import Business
  2. Export Business
  3. Foreign Remittance and
  4. Necessary service relating to Foreign Exchange and Foreign Trade.

Islami Bank Remittance Service

Foreign Remittance

  • Bahrain Financing Company BSC, Bahrain India International Exchange, Dalil Exchange, Lulu Int’l Exchange BSC, Modern Exchange Company B.S.C(c), National Finance & Exchange Co.WLL, Zenj Exchange Co.WLL, Afima Express Remittance Service, Western Union Network, NBL Money Transfer Payment Foundation SA, First Security Islami Exchange Italy SRL, National Exchange Company S.r.l., Alawneh Exchange, Hikmat Nawras and Partners Exchange Co. (ZARQA EXCHANGE EST.), Jordan Valley Exchange Company, A. Aziz A. Al Zamil & Sons Co, Al-Rajhi Bank, Arab National Bank, and more.

Other Service

Islami Bank offers many other services to the customers such as Cards, Locker Service, ATM Banking, Internet Banking, SMS Banking, and so on.

  • Cards
  • Locker Service
  • ATM Banking
  • Internet Banking
  • SMS Banking
  • Online Banking
  • Agent Banking

Islami Bank Customer Care

  • Call at 16259 (Local), +880 28331090 (Overseas) (Hotline)
  • Complaint at [email protected] or visit any nearest Branch.

Islami Bank Branch

Islami bank is a private (commercial) bank in Bangladesh. It established in 1983. There is a total of 350 branches including 59 AD Branches of Islami Bank Bangladesh Limited situated in 64 districts in Bangladesh. To know more information click here.

Islami Bank ATM

Islami Bank Bangladesh Ltd. (IBBL) is an Islamic banking company based in Bangladesh. Islami Bank Has  IBBL maintains its own 621 ATM Booths and 33 IDM (IBBL Deposit Machine), along with 6,000 shared ATM networks across the country. To get all the booth’s list click here.

Islami Bank Routing

The bank routing number is a nine-digit identification number assigned to financial institutions and this number identifies the specific financial institution upon which a payment is drawn. There are a total of 284 branches routing numbers of Islami Bank Bangladesh Limited situated in 64 districts in Bangladesh. The bank code is 125. This very special unique code is generated with the combination of 3 digits bank code, 2 digits district code, 3 digits branch code, and at last 1 check digit. To know more information click here.

Islami Bank Swift Code

Islami Bank SWIFT Code is IBBLBDDH. The first 4 digits mean bank code, the next 2 digits mean country code, the next 2 digits mean allocation code, and the next 3 digits mean branch code. To know more information click here.

Islami Bank Currency Rate

You found here Islami Bank Currency Exchange Rate

CURRENCY
BUY SELL
USD 84.95 86.95
GBP 102.8779 103.7779
EURO 95.7885 96.6885

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