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Global Islami Bank PLC, formerly known as NRB Global Bank, is a fourth generation Bangladeshi sharia compliant private bank. [ 1 ] [ 2 ] Nizam Chowdhury is the chairperson of the Bank. [ 3 ] [ 4 ] Syed Habib Hasnat is the managing director of Global Islami Bank.
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
Global Finance, a reputed US-based quarterly magazine, awarded IBBPLC as the best bank of Bangladesh for the Year 1999, 2000, [8] 2004 and 2005, and the best Islamic financial institution of Bangladesh every year from 2008 to 2013.
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The first, experimental, local Islamic bank was established in the late 1950s in a rural area of Pakistan which charged no interest on its lending. [63] [64] In 1963, the first modern Islamic bank on record was established in rural Egypt by economist Ahmad Elnaggar [65] to appeal to people who
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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]
[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 ...