Banking plays an important role for the development of economic condition for any nation. Like other developing countries, this development is also seen in Bangladesh. A great contribution to the field of improvement of economy comes from the banking especially Islamic Banking that has taken a large area by its interest-free services in Bangladesh. This is why, Islamic Banking in Bangladesh is liked by most of customers.
It was 1983 when Islamic banking was started in Bangladesh. The demand of Islamic banking has been establishing since 1983. Somehow, many of banks have launched their banking activities with Shari’ah. Now in Bangladesh, there are many banks which are listed by Islamic Bank doing banking activities by following the rules of islam. Now I am going to introduce you about a list of Islamic Bank in Bangladesh.
Islami Bank Bangladesh Ltd
Islami Bank Bangladesh Ltd is briefly known as IBBL which was founded in 1983.The aim of the bank is to establish banking activities on Islamic rules. It is one of the largest private banks in Bangladesh which has more branches. The main branch of the bank is located in Islami Bank Tower, 40, Dilkusha C/A, motijheel, Dhaka – 1000, Bangladesh. The services of the bank are Banking services, ATM services, Consumer Banking, Corporate Banking Investment Banking and others. About 13,229 staffs are in this bank. In the shortest time, the bank has won many awards.
Al-Arafah Islami Bank Limited
The banks who are listed by Islamic bank is another Al-Arafah Islami Bank Limited. It was founded in 1995. After the foundation, it is continuing its best services based on islamic Shari’ah. The main branch of the bank is located in 36, Dilkusha(6-9 Floor) C/A. motijhee , Dhaka-1000, Bangladesh. There are 2387 employees are in the bank. Banking services, ATM services, Consumer Banking , Corporate Banking and Investment Banking are available on this bank.
Export Import Bank of Bangladesh Limited
Export Import Bank of Bangladesh Limited is briefly known as EXIM Bank. The banking services are on Islamic rules. It is firstly known in 1999 when it was founded. It is serving banking activities with 88 branches and 45 ATM booths throughout Bangladesh. The main branch of the bank is situated in Plot # SE (F): 9, Road # 142, Gulshan Avenue, Dhaka- 1212. There are about 1909(2012) employees in this bank.
Social Islami Bank Limited
Social Islami Bank Limited (SIBL) is private commercial bank in Bangladesh. The bank was founded in 22nd November, 1995. It is basically a part of Islamic Bank which has run its activities based on Islamic Shari’ah. The attractive services of the bank are Banking services, Consumer Banking, Corporate Banking, Investment Banking and Islamic Banking.
Shahjalal Islami Bank Ltd
Shahjalal Islami Bank Limited is briefly known as SJIBL. The bank was established in 2001. The bank follows the rules of islam for doing its banking activities. Providing quality services to customers is main mission of the bank. To make sure the best services, the bank has opened many of branches throughout Bangladesh. The bank is trying to make sure the modern Islamic banking to the customers and trying to achieve trust in its best way.
First Security Islami Bank Ltd.
First Security Islami Bank Ltd. (FSIBL) is a Shariah Based Islami Commercial Bank. There are many of services available such as Personal Banking, International Banking, Deposit & Credit Scheme, SME Banking, Foreign Currency A/C,Rural Credit, Micro Credit, Industrial Financing and Bond. The head office of the bank is located in 23, Dilkusha Commercial Area, Dhaka-1000, Bangladesh. ATM service is available.
ICB Islamic Bank Limited
This Shariah Based Islami Commercial Bank was established in 1987 with its banking activities like as banking, financial and business activities. The banking activities of this bank is not confined in Bangladesh. There are many countries where the bank is managing banking activities like as Africa, Asia and Europe. Services of the bank are Personal Banking, International Banking, Deposit & Credit Scheme, SME Banking, Foreign Currency A/C, Rural Credit, Micro Credit, Industrial Financing, Bond, ATM Service and so on. The head office of the bank is situated in 17, Motijheel C.A. Dhaka. The bank has employed many of stuffs throughout Bangladesh. There are many of branches where are situated in rural and urban area.