Islami Bank Bangladesh Ltd. (IBBL) is the pioneer of Islamic banking

Islamic banking

Islamic banking is banking or banking activity that is consistent with the principles of Islamic law and its practical application through the development of Islamic economics. Sharia prohibits the fixed or floating payment or acceptance of specific interest or fees for loans of money...

 in Bangladesh

Bangladesh

Bangladesh , officially the People's Republic of Bangladesh is a sovereign state located in South Asia. It is bordered by India on all sides except for a small border with Burma to the far southeast and by the Bay of Bengal to the south...

. It became incorporated on March 13, 1983. It has 41.77% local and 58.23% foreign shareholders. With 251 branches and 10,068 staffs, IBBL is the largest private banking network in Bangladesh.

The social welfare projects of Islami Bank Foundation includes:

• Islami Bank Hospitals
• Islami Bank Medical College, Rajshahi
• Community Hospitals
• Monoram: Islami Bank Crafts & Fashion Houses
• Service Centres
• Islami Bank Institutes of Technology
• Islami Bank International School and College
• Islami Bank Physiotherapy and Disabled Rehabilitation Centre
• Centre for Development Dialogue
• Bangladesh Sangskritic Kendra (Cultural Centre)

IBBL's World rating

As per Bankers' Almanac (January 2001 edition) published by the Reed Business Information, Windsor Court, England, IBBL's world Rank is 1771 among 3000 banks selected by them. This position was 1902 among 4500 selected banks as on January 1999 edition.
IBBL's country Rank is 5 among 39 banks as per ratings made by the above Almanac on the basis of IBBL's Financial Statements of the year 2001.

Awards

The Global Finance, a reputed London based quarterly magazine, awarded IBBL as the best bank of Bangladesh for the year 1999, 2000, 2004, 2005 to 2010 and the best Islamic financial institution in 2008, 2009.