Islami Bank Bangladesh Limited will Change its Name to Islami Bank Bangladesh PLC (2024)
Islami Bank Bangladesh PLC (the Bank), formerly Islami Bank Bangladesh Limited, is a commercial bank. The Bank is a joint venture public limited company. The Bank renders general banking, commercial investment, and foreign exchange services. The Bank is also an operator of Islamic microfinance. The Bankâs deposit products include Al-Wadeah Current Account, Mudaraba Special Notice Account (MSNA), Mudaraba Foreign Currency Deposit Account (MFCD), Mudaraba Waqf Cash Deposit Account (MWCDA), and others. The Bank offers various monthly savings schemes, term deposit products, and savings account products. The Bank offers various modes of investment, such as BAI-Modes, Share-Modes, and IJARA-Modes. The Bankâs foreign exchange businesses include import financing, export financing, Bai-Salam (Pre-shipment), Musharaka Documentary Bill (MDB) Inland, and others. The Bank offers various other services, including inter-bank fund transfer, corporate services, utility bill payment and others.
Islami Bank Bangladesh Limited (IBBL) has been renamed as Islami Bank Bangladesh PLC (IBB PLC), as per a circular issued by Banking Regulation and Policy Department (BRPD) of Bangladesh Bank
Bangladesh Bank
Bangladesh Bank performs all the functions that a central bank in any country is expected to perform. Such functions include maintaining price stability through economic and monetary policy measures, managing the country's foreign exchange and gold reserve, and regulating the banking sector of the country.
It is a public limited company registered under the Indian Companies Act of 1913. IBBL is a joint venture of the government of Bangladesh, 22 businessmen of Bangladesh, Islamic Development Bank, and investment firms and banks from Muslim Middle Eastern countries.
Islami Bank Bangladesh Limited has launched a month-long campaign titled 'Smart Bangladesh Smart Banking' with the slogan 'Future is Now'. Mohammed Monirul Moula, Managing Director and CEO of the bank, along with other high officials inaugurated the campaign at Islami Bank Tower in Dhaka on Sunday.
According to the newly added section 11ka in The Companies (2nd Amendment) Act-2020, a Limited Liability Company (LLC) shall be identified as follows: (a) In the case of a public limited company, the words- “Public Limited Company” or “PLC.” shall be written at the end of its name.
/ˌpiː.elˈsiː/ abbreviation for public limited company: a British company whose shares can be bought and sold by the public and whose debts are limited if it fails financially: J Sainsbury plc. SMART Vocabulary: related words and phrases. Enterprises.
Bangladesh Bank (Bengali: বাংলাদেশ ব্যাংক) is the central bank of Bangladesh and is a member of the Asian Clearing Union. It is fully owned by the Government of Bangladesh.
The Bank is a joint venture Public Limited Company with majority shareholding by foreign institutions and enlisted with Dhaka & Chattogram stock exchanges. With 394 branch, 227 sub-branch & 2,693 Agent Banking Outlets, the Bank posseses the largest branch network among the private sector banks in Bangladesh.
Islami Bank Bangladesh PLC (the Bank), formerly Islami Bank Bangladesh Limited, is a commercial bank. The Bank is a joint venture public limited company. The Bank renders general banking, commercial investment, and foreign exchange services.
Islami Bank Bangladesh Limited (IBBL) has been renamed as Islami Bank Bangladesh PLC (IBB PLC), as per a circular issued by Banking Regulation and Policy Department (BRPD) of Bangladesh Bank on Monday to comply with the Company (Second Amendment) Act 2020.
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.
Islami Bank Bangladesh Limited (IBBL) is the largest commercial bank of Bangladesh. It is the first Shariah-based Islamic bank in the South-East Asia established in March 1983.
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