Islami Bank Bangladesh PLC. Company Description

Islami Bank Bangladesh PLC., together with its subsidiaries, provides commercial banking services in Bangladesh.

The company’s deposit products include current, savings, term deposit, special notice, hajj savings, special savings (pension), savings bond, cash deposit, monthly profit deposit, education savings, expirate housing, senior citizens, and double benefit accounts, as well as foreign currency deposit accounts.

It also offers Islamic micro-finance under Rural Development Scheme (RDS) and Urban Poor Development Scheme (UPDS); Islami Bank mCash, a mobile financial services that provides different services through mobile phone that include deposit and withdrawal of cash money, fund transfer, receiving remittance from abroad, knowing account balance and mini-statement, giving and receiving salary, mobile recharge and payment of utility bill, and merchant bill payment; CellFin, a mobile application platform that offers Shariah-compliant digital financial services including account opening, fund transfer, mobile recharge, utility bill payment, international remittance disbursement, e- commerce payments, donations, savings and investment installment payments.

Auto Pay, ticketing, merchant payments, and educational fee payments; and Off-shore banking unit (OBU).

In addition, the company operates stock broker and stock dealer activities; portfolio management, underwriting, and issue management services.

It carries out business activities through zonal offices and branches, including authorized dealer branches, sub-branches, agent banking outlets, and offshore banking units.

The company was founded in 1983 and is headquartered in Dhaka, Bangladesh.