Islami Bank Accounts
Islami Bank Bangladesh PLC provides various types of accounts for their different types of clients for helping to make their life easy and simple. Here is a list of all available bank accounts provided by Islami Bank and are listed alphabetically by account names. Click a name to learn details, facilities and conditions of the accounts and choose the best one you prefer.
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Islami Bank Bangladesh Limited operates Al-wadeah Current Account on the principles of Al-wadeah. The Bank commits to refund money deposited in these Accounts on the demand of customers. On the other hand the Bank takes permission from customers that the Bank may utilize their money. Customers may operate these Accounts as their desires. No profit ... read more |
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Islami Bank operates savings accounts under the Mudaraba principle of Islamic Shariah. This principle offers depositors an agreed portion of business profit and assigns risk for any genuine loss. Islami Bank distributes a minimum 65% of its investment income among all Mudaraba accounts as per wait-age. Mudaraba Savings accounts are mainly meant f... read more |
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Mudaraba Term Deposit Receipt (MTDR) is a profit bearing account which offers returns by depositing money for fixed period of time based on Mudaraba concept. These deposits are repayable subject to a period of notice and hence known as time deposits or time liabilities meaning thereby that these are withdrawable subject to a period of notice and no... read more |
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Mudaraba Special Notice Account Mudaraba Special Notice Deposit (MSND) is a profit bearing Mudaraba deposit suitable for you if you are involved in business or your transactions are frequent but does follow a pattern. It enables you to operate a kind of Current Account which incurs profit. Required Documents - Complete account opening form - 2 copies passpor... read more |
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Mudaraba Special Savings (Pension) Account Mudaraba Special Savings (Pension) Account of 5 year or 10 years term may be opened for monthly deposits of any amounts. After maturity of the account, the account holder will be paid his deposited amount with profit earned at a time or on installment basis. The parents or legal guardians shall be allowed to open this account jointly with a minor. ... read more |
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Persons aged 18 years and above shall be eligible to purchase Mudaraba Savings Bond in single name or in joint names, Educational Institutions, Clubs, Associations and other non-trading and non-profit socioeconomic institutions shall also be eligible to purchase Bonds in the name of the institutions. Guardians shall be allowed to purchase Bonds ... read more |
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Mudaraba Waqf Cash Deposit Account To implement your noble desire, this Account may create cash waqf at a time or may start with a minimum deposit of BDT 10,000.00 (Taka ten thousand only) and the subsequent deposit shall be made by installments in thousand taka or in multiple of thousand taka. Profit of this account is utilized for social and human welfare as per instruction of the... read more |
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Mudaraba NRB Savings Bond Account The Non-Resident Bangladeshi (NRB), aged 18 years and above, who have been serving abroad and his family members will be eligible to purchase Mudaraba NRB Savings Bond maintaining the following denomination amounts in Bangladesh Currency for a period of 5 or 10 years term. An expatriate may purchase this bond in the name of his/her minor children a... read more |
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Mudaraba Foreign Currency Deposit Account This Account may be opened by depositing minimum US$ 1,000.00 at designated Branches of the Bank. Bangladeshi nationals residing, working and earning abroad, foreign national residing in Bangladesh and also foreign firms registered abroad and operating in Bangladesh foreign missions and their expatriate employees are eligible to open this Account. ... read more |
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Students Mudaraba Savings Account With a view to grow up savings habit among the minor students, to gather knowledge about banking services and modern technology the Student Mudaraba Savings Account has been introduced. Special privileges have been offered in this account. The privilege to the minor students and encourage them to make savings in Banks that will be helpful for th... read more |
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Mudaraba Farmers Savings Account With a view to grow up savings habit among the farmers to involve them in banking transaction considering their contribution to the financial activities, to bring them under the banking arena and to increase Financial Inclusion of the country to encourage them to make savings in Banks that will be helpful for them to make a big savings little by li... read more |
About Islami Bank
Islami Bank Bangladesh Limited (IBBL) holds a significant place in the financial landscape of Bangladesh, being the first bank to operate under Islamic banking principles in the country. Established in 1983, it was a pioneering effort to offer banking services compliant with Shariah law, catering to a growing demand for ethical and interest-free banking options. The inception of IBBL marked a pivotal moment in the financial sector, as it sought to align financial practices with Islamic teachings while promoting socio-economic development.
Over the years, IBBL has expanded its services to include a wide array of banking products that cater to both individual and corporate clients. These services encompass personal banking, corporate financing, trade finance, and various investment opportunities, all structured to comply with Islamic principles. The bank emphasizes profit-sharing models, such as Mudarabah and Musharakah, which foster a sense of partnership between the bank and its clients, promoting equitable distribution of wealth. Additionally, IBBL offers microfinance programs aimed at empowering marginalized communities, thereby contributing to poverty alleviation and sustainable development.
The growth trajectory of IBBL has been impressive, with an extensive network of branches across Bangladesh, making it one of the largest banks in the country. Its commitment to customer service and community welfare has enhanced its reputation, attracting a diverse clientele. Moreover, the bank has played a vital role in financial inclusion, providing banking services to individuals who may have been excluded from traditional banking due to religious beliefs. This inclusivity has not only fostered economic participation but also contributed to the overall growth of the banking sector in Bangladesh.
In addition to its financial services, IBBL is actively involved in various philanthropic activities. The bank supports educational initiatives, healthcare projects, and disaster relief efforts, aligning with its mission to contribute positively to society. By integrating corporate social responsibility with its business model, IBBL sets an example of how financial institutions can play a crucial role in national development.
Overall, Islami Bank Bangladesh Limited has significantly influenced the banking sector in Bangladesh by introducing Islamic banking principles that resonate with a large segment of the population. Its comprehensive range of services, commitment to ethical banking, and active involvement in community welfare have solidified its position as a leader in the Islamic banking industry, demonstrating the viability of Shariah-compliant finance in a modern economy.
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| Currency | Rate |
|---|---|
 US Dollar (USD) |
৳ 119.39 |
 Euro (EUR) |
৳ 125.53 |
 British Pound (GBP) |
৳ 151.61 |
 Australian Dollar (AUD) |
৳ 76.88 |
 Canadian Dollar (CAD) |
৳ 84.94 |
 Swiss Franc (CHF) |
৳ 135.18 |
 Japanese Yen (JPY) |
৳ 0.79 |
 Saudi Arabian Riyal (SAR) |
৳ 31.78 |
 Indian Rupee (INR) |
৳ 1.41 |
 Thai Baht (THB) |
৳ 3.50 |