ICB Islamic Bank Limited
DDSE:ICBIBANK2.60
BDT
0.00
(0.00%)
ISIN
BD0110ALBAR1
Return %
Stock
S&P 500
1Y
-3.70
14.20
3Y
-51.85
81.12
5Y
-53.57
68.34
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.Company Description
- CEO
- Md. Mazibur Rahman
- Full Time Employees
- 354
- Sector
- Finance
- Industry
- Regional banks
- Address
- Dhaka Bangladesh
- Website
- icbislamic-bd.com
- Similar Companies
- Business
- ICB Islamic Bank Limited is a banking and financial institution in Bangladesh that provides a broad range of Shariah-compliant commercial banking products and financial services to retail, small and medium-sized enterprise, corporate, and institutional clients. Founded in 1987 as Al-Baraka Bank Bangladesh, subsequently operating as Oriental Bank Limited, and reconstituted under its current name in 2008, the company is headquartered in Dhaka, Bangladesh, and operates as a subsidiary of Switzerland-based ICB Financial Group Holdings AG. The bank conducts its business activities strictly in accordance with Islamic Shariah principles, avoiding interest-based transactions and operating through Islamic contractual modes including Mudaraba, Murabaha, Ijara, and Bai-Muajjal. The company offers a structured portfolio of banking products and services, categorized into retail banking, corporate banking, trade finance, and auxiliary financial services. Its deposit products comprise Al-Wadiyah Current Accounts; Mudaraba Savings Accounts, including Amar Apon Mudaraba, School Banking Accounts, and Executive Savings Accounts; Mudaraba Term Deposit Receipts; Insta Profit Schemes; Monthly Profit Deposit Schemes; and specialized savings plans, such as the Mudaraba Hajj Savings Plan, Child Savings Plan, and Gradual Savings Scheme. The bank provides consumer and retail financing solutions comprising Manzil Home Finance for property purchase, construction, and renovation; Rahabar Auto Finance for commercial and personal vehicle acquisitions; and SAAHIB Personal Finance for individual funding requirements. In its corporate and commercial financing operations, the company offers short-term and long-term working capital facilities; Ijara hire-purchase financing for machinery, commercial vehicles, and industrial equipment; project financing across agriculture, textiles, manufacturing, and food and beverage sectors; and investment against property. Its international trade and treasury services include the issuance and handling of import and export Letters of Credit; bank guarantees, bid bonds, and performance bonds; bill discounting and purchase; foreign exchange remittance handling; and earnest money financing. Ancillary and digital banking services consist of Q-Cash network debit cards; automated clearing house and electronic fund transfer processing; electronic Government Procurement integration; Automated Challan System collection services for government revenues and utility charges; and safe deposit locker facilities. In recent developments, ICB Islamic Bank Limited has undergone significant corporate governance and regulatory restructuring. Following central bank evaluations aimed at enhancing depositor protection, risk management, and capital provisioning compliance across the domestic banking system, Bangladesh Bank dissolved the bank board of directors to reconstitute its oversight mechanisms and address legacy non-performing investment portfolios. Additionally, the bank has executed executive management realignments across core business divisions, intensified non-performing asset recovery programs, and expanded its digital transaction channels through national payment infrastructure enhancements and government collection gateway integrations.