ICB Islamic Bank
ICB Islamic Bank Limited is one of the Islamic commercial banks in Bangladesh that operates in accordance with the principles of Islamic Shariah. The bank has a unique history compared to other banks in the country. It was originally established as Oriental Bank Limited, which commenced its banking operations in 1987. However, due to financial and management problems, Oriental Bank faced serious difficulties and was placed under the supervision of Bangladesh Bank. In 2008, the bank was restructured after the government-owned Investment Corporation of Bangladesh acquired a majority shareholding. Following the restructuring, the bank was renamed ICB Islamic Bank Limited and began operating as a full-fledged Islamic commercial bank. Since then, the bank has focused on rebuilding customer confidence through sound management, improved governance and Shariah-compliant banking practices.
The history of ICB Islamic Bank reflects a successful transformation from a troubled conventional bank into a modern Islamic financial institution. After its restructuring, the bank introduced significant reforms in its management, financial operations and customer services. It adopted modern banking technologies and expanded its digital banking facilities to provide secure, efficient and convenient services. The bank gradually strengthened its operational performance and continued to expand its network of branches and service outlets across Bangladesh while maintaining strict compliance with Islamic banking principles.
ICB Islamic Bank Limited offers a comprehensive range of Shariah-based banking services to individuals, businesses and institutions. Its retail banking services include Mudaraba savings accounts, Mudaraba current accounts, term deposit schemes, consumer investment facilities, debit cards and remittance services. Instead of charging or paying interest, the bank follows Islamic investment modes such as Murabaha, Bai-Muajjal, Musharaka, Mudaraba and Hire Purchase under Shirkatul Melk (HPSM). Customers can conveniently use ATM services, internet banking, mobile banking and SMS banking for secure and efficient financial transactions.
Apart from retail banking, the bank provides extensive corporate and SME banking services, including trade finance, project investment, working capital investment, treasury services and cash management solutions for businesses and industries. The bank also supports entrepreneurs through Shariah-compliant SME investment facilities. In addition, ICB Islamic Bank actively participates in foreign exchange and international remittance services, enabling expatriate Bangladeshis to transfer money safely and efficiently to their families in Bangladesh.
In conclusion, ICB Islamic Bank Limited has successfully transformed into a reliable Islamic commercial bank through effective restructuring, sound governance and adherence to Islamic banking principles. Its diversified financial services, modern technology and commitment to ethical banking continue to contribute to financial inclusion, economic development, and the growth of the Islamic banking sector in Bangladesh.
| Registered Name | ICB Islamic Bank Limited | |
| Legal Status | Public Limited Company | |
| Logo |  | |
| Established | 1987 | |
| Type | Private Bank | |
| Category | Commercial Bank | |
| Origin | Local Bank | |
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| Corporate Address | TK Bhaban, 13 Kazi Nazrul Islam Avenue, Karwan Bazar, Dhaka 1215, Bangladesh. | |
| Telephone | +880 2 55012061, 55012063, 55012065 | |
| Fax | +880 2 55012060 | |
| Call Center | +880 2 55012061 | |
| E-mail Address | care@icbislamic-bd.com | |
| Website | www.icbislamic-bd.com | |
| SWIFT Code | BBSHBDDH | |
| Code | 230 | |
| Stock Code | ICBIBANK Company Profile in DSE | CSE | |
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