Islami Bank Bangladesh PLC
DDSE:ISLAMIBANK24.80
BDT
-0.30
(-1.20%)
ISIN
BD0104ISBNK0
Return %
Stock
S&P 500
1Y
-31.30
14.20
3Y
-23.93
81.12
5Y
-17.33
68.34
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.Company Description
- CEO
- Mohammed Altaf Hossain
- Full Time Employees
- 17,730
- Sector
- Finance
- Industry
- Major banks
- Address
- Dhaka Bangladesh
- IPO Date
- Nov 25, 2007
- Website
- islamibankbd.com
- Similar Companies
- Business
- Islami Bank Bangladesh PLC is a Bangladesh-based Shariah-compliant commercial banking institution that provides a comprehensive range of Islamic banking, investment, and financial services to retail, corporate, small and medium-sized enterprise (SME), and agricultural clients. Founded in 1983 and headquartered in Dhaka, Bangladesh, the bank operates the largest private banking network in the country, comprising hundreds of branches, sub-branches, automated teller machines (ATMs), cash recycler machines (CRMs), and an extensive agent banking footprint. The company offers a systematic portfolio of Shariah-based deposit products, including Al-Wadeeah current accounts; Mudaraba savings deposits; Mudaraba term deposit receipts; special notice deposits; foreign currency accounts; Hajj savings schemes; and structured savings plans for pensions, education, and medical needs. Its financing and investment offerings operate under Islamic jurisprudence modes, encompassing Bai-Murabaha (cost-plus financing); Bai-Muajjal (deferred payment sales); Bai-Salam (advance purchase financing); Istisna'a (manufacturing and construction finance); Mudaraba (profit-sharing investment); Musharaka (joint partnership); and Hire Purchase under Shirkatul Melk (HPSM) for industrial machinery, commercial transport, and real estate acquisition. Islami Bank Bangladesh PLC delivers specialized corporate financing; syndicated debt arrangements; working capital facilities; import and export trade services, including letters of credit and trade guarantees; agricultural microcredit via the Rural Development Scheme (RDS) and Urban Poor Development Scheme (UPDS); and consumer credit solutions tailored for housing, transport, healthcare professionals, and women entrepreneurs. The bank also provides modern digital and transaction banking channels, including the CellFin omni-channel mobile banking application; mCash mobile financial services; i-Banking internet portal; contactless debit, credit, and prepaid cards; offshore banking units; foreign exchange trading; treasury operations; inward remittance distribution; and locker facilities. The bank operates capital market operations through its key subsidiaries, Islami Bank Securities Limited and Islami Bank Capital Management Limited. In recent developments, the bank has undergone major regulatory and corporate governance restructuring overseen by the Bangladesh Bank, featuring the dissolution and reconstitution of its board of directors, the appointment of independent administrative oversight, and the implementation of comprehensive liquidity support, forensic balance-sheet reviews, and non-performing asset recovery programs to reinforce institutional governance and restore depositor confidence. Concurrently, the bank has accelerated the digital transformation of its retail and transaction services by rolling out feature enhancements across the CellFin ecosystem, broadening its nationwide agent banking network, and expanding strategic partnerships with international remittance agencies to facilitate cross-border worker remittances.