ICB Islamic Bank Ltd
ICB Islamic bank Ltd. was registered as a public limited company on April, 1987 under the Companies Act, 1913. Through the incorporation it was allowed to perform all kinds of banking, financial and business activities of a commercial bank. The bank committed to carry out its duties in strict compliance with Islamic Laws (Shariah). ICB IB started functioning as a commercial bank on 20 May,1987.
ICB Islamic Bank Ltd.Bangladesh and another thirteen banks in different countries of Africa, Asia and Europe are the members ICB Financial Group Holdings AG. As an international bank ICB Group is trying to flourish further at new host countries. This group is registered in Switzerland while its global management is situated in Kuala Lumpur, Malayasia.
Each of the bank in the group is enriched with competent bankers who work hard to improve its activities further and thus to participate in the financial development of the respective country under the guide lines of their central bank.
This bank provides all normal banking services to its customers. This includes deposit accounts like Mudarabah Savings Account and Al WadiyahCurrent Account.
Other deposit schemes offered by ICB IB are Mudaraba Short Term Deposit (MSTD), and Al- Mukuafa Executive Account. All these accounts require a specified minimum amount to deposit for opening it. The bank distributes profits against each account except Al Wadiyah Current Account in conformity with Islamic Laws (Shariah).
ICB Islamic Bank provides fund transfer services like Pay order, Foreign Demand Draft and Intercity Transaction.
ICB Islamic Bank presents several credit schemes for its clients. These are Manzil (Home) Finance, Rahabar (Auto) Finance, and Saahib (Personal) Finance.
Manzil (Home) Finance scheme provides loan for building a house or buying an apartment. You can have a loan in this scheme for renovation of your existing house also. The loan amount varies from BDT 5.0 Lac to 1.0 Crore.
Now a days in Bangladesh a car has become an essential commodity for lower middle class people also. You need to buy a car, but you don’t have sufficient fund. In such cases ICB Islamic Bank comes forward with fund. The incumbent has to pay the money back at reasonable terms and conditions.
Murabaha Under Secured Guarantee is another scheme presented by ICB IB. You may obtain this guarantee for amounts BDT 10,000 and above.
Other Products and Services
ICB Islamic Bank presents ATM card for its valued clients. You can withdraw cash from ICB ATMs and at the same time from Q-Cash, Dutch Bangla Bank and Omnibus ATMs. Charges are quite low.
To get rid of worries about the safety of your valuables you may need a Locker service. ICB has developed the provision for you with three different sizes of lockers. These are small, medium and large. The charges are reasonable for the locker service.