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Trading

List of Islamic Banks in Bangladesh

Published by Gbaf News

Posted on April 5, 2013

1 min read

· Last updated: December 7, 2018

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1 ICB Islamic Bank

Major Islamic Banks in Bangladesh

2 Islami Bank Bangladesh Ltd

3 Shahjalal Islami Bank

4 Sonali Bank Limited

Other Leading Shariah-Compliant Banks

5 First Security Islami Bank Limited
6 Exim Bank Limited
7 Al-Arafah Islami Bank Limited
8 Social Islami Bank Limited

Key Takeaways

  • Bangladesh hosts multiple Shariah‑compliant banks serving retail, SME and trade finance sectors.
  • ICB Islamic Bank, Islami Bank Bangladesh, Shahjalal Islami Bank, Al‑Arafah Islami Bank, and Social Islami Bank are major Islamic banks in Bangladesh.
  • Some institutions like Sonali Bank and EXIM Bank offer Islamic/Islamic‑window services within broader conventional banks.
  • Islamic banking in Bangladesh started in 1983 and continues to expand across branches, services, and merger activity.

References

Frequently Asked Questions

What defines an Islamic bank in Bangladesh?
An Islamic bank in Bangladesh conducts banking in line with Shariah principles, e.g., profit‑loss sharing and interest‑free financing.
Which was the first Islamic bank established here?
Islami Bank Bangladesh PLC, established in March 1983, was the first dedicated Shariah‑based bank in Bangladesh.
Does ICB Islamic Bank offer trade finance?
Yes, ICB Islamic Bank provides Shariah‑compliant trade finance services such as import/export finance, letters of credit, and bank guarantees.

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