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There are 10 Islami Shariah-based PCBs in Bangladesh and they execute banking activities according to Islami Shariah-based principles i.e. Profit-Loss Sharing (PLS) mode. [1] Exim Bank PLC; Al-Arafah Islami Bank PLC; First Security Islami Bank PLC; Global Islami Bank PLC; ICB Islamic Bank PLC; Islami Bank Bangladesh PLC; Shahjalal Islami Bank PLC
The Bank was founded as NRB Global Bank on 25 July 2013 targeting not resident Bangladeshis. [6] Bangladesh Bank provided licenses to nine banks including NRB Global Bank in 2013 on the condition that the bank will eventually list on the stock market. [7] On 14 August 2013, Md Abdul Quddus was appointed managing director of NRB Global Bank. [8]
Pages in category "Banks of Bangladesh with Islamic banking services" The following 19 pages are in this category, out of 19 total. This list may not reflect recent changes .
Bangladesh Bank; Bangladesh Commerce Bank; Bangladesh Development Bank; Bangladesh Krishi Bank; Bangladesh Samabaya Bank Limited; Bank Asia PLC; Template:Banks in Bangladesh; BASIC Bank; Bengal Commercial Bank; BRAC Bank
According to The Economist, "Islami Bank was a pioneer in financing Bangladesh's rise as the apparel industry's main production base outside China." [7] In 2012, United States Senate Permanent Subcommittee on Investigations mentioned possible ties of Islami Bank Bangladesh Limited to terrorism financing through HSBC Bank which the bank denied.
It has 133 branches. [1] The bank is a licensee to issue Visa and MasterCard Debit and Credit Cards and it is the sole licensee of American Express Cards in Bangladesh. [4] The bank is a real-time online bank, having its branches, SME/Agri branches spread across Bangladesh along with a full-fledged Islami Banking branch.
[11] [12] On 13 December, Bangladesh Bank appointed observers at Islami Bank Bangladesh and First Security Islami Bank. [13] On 29 December, Social Islami Bank Limited, Global Islami Bank, First Security Islami Bank Limited, and Union Bank took loans of 67 billion BDT from Bangladesh Bank in emergency cash infusion. [14] Before them, Islamic ...
In July 2015, Halder was appointed the managing director of NRB Global Bank (later rebranded Global Islami Bank). [3] [5] Halder owned HAL international, whose director, Swapan Kumar Mistri, was a director of International Leasing and Financial Services Limited. [3] Mistri's wife was the chairperson of Mutual Trust Bank Limited Marine. [3]