With the objective of achieving success here & hereafter by pursuing the way directed by Allah and the path shown by His Rasul (SM), Al Arafah Islami Bank Ltd was established (registered) as a private limited company on 18 June 1995. The inaugural ceremo
The SOCIAL ISLAMI BANK LTD (SIBL), a second-generation commercial bank, operating since 22nd November, 1995 based on Shariah' Principles, has now 158 branches all over the country with two subsidiary companies - SIBL Securities Ltd. & SIBL Investment Ltd
BANGLADESH: Islami Bank Bangladesh has appointed Mohammad Jahangir Alam, the bank’s senior vice president and deputy company secretary, as its new company secretary.
1.3 Special feature of the Bank: All activities are conducted and interest free system according to the Islamic shariah Its investment policies under different modes are fully Shariah complain. During the year 2009, 70% of the investment income has been distributed among the Mudaraba depositors. It...
BANGLADESH: Social Islami Bank has announced in a bourse filing the appointment of veteran banker Zafar Alam as the new CEO and managing director effective the 21st December 2021. Zafar previously served as the additional managing director of Bangladesh
Share on Facebook IBBL (redirected fromIslami Bank Bangladesh Limited) AcronymDefinition IBBLIslami Bank Bangladesh Limited IBBLIslami Bank Bangladesh Ltd. IBBLIntegrated Biobank of Luxembourg IBBLInstitut Biblique Baptiste Libre(French: Free Baptist Bible Institute) ...
bank on the one hand and between the borrower and the bank on the other. Interest is regarded by conventional banks as the price of credit reflecting the opportunity cost of money. As interest is prohibited in Islam, commercial banking in an Islamic framework could not be based on the ...
According to the Organization of Islamic Conference (OIC),“An Islamic Bank is a financial institution whose statutes, rules and regulations expressly state its commitment to the principles of Islamic Shariah and to the banning of the receipt and payment of interest on any of its operation.” ...
The SOCIAL ISLAMI BANK PLC (SIBL), a second-generation commercial bank, operating since 22nd November, 1995 based on Shariah' Principles, has now 158 branches all over the country with two subsidiary companies - SIBL Securities Ltd. & SIBL Investment Ltd
PAKISTAN: The trading of BankIslami Pakistan’s Sukuk BIPLSC has been suspended from the 28th September to the 30th September 2020 for the profit payment of the Sukuk. According to a bourse filing, trading of the Sukuk will resume on the 1st October 2020