Standard Bank
Standard Bank PLC is one of the leading private commercial banks in Bangladesh that operates entirely according to the principles of Islamic Shariah. The bank was established in 1999 with the objective of providing interest-free, ethical and customer-oriented banking services while contributing to the country's economic development. It commenced its commercial operations after obtaining approval from Bangladesh Bank and has since expanded its presence across the country. Through its commitment to Shariah-compliant banking and modern financial services, Standard Bank has earned a reputation as a reliable Islamic financial institution serving individuals, businesses and organizations.
The history of Standard Bank reflects continuous growth, modernization and adherence to Islamic banking principles. From its inception, the bank focused on establishing a strong foundation based on transparency, fairness and social responsibility. It gradually expanded its branch network and adopted advanced banking technologies to improve customer service and operational efficiency. The bank introduced online banking, ATM services, internet banking, mobile banking and other digital financial solutions to provide fast, secure and convenient banking facilities. Through effective management and continuous innovation, Standard Bank has strengthened its position in Bangladesh's competitive banking sector.
Standard Bank PLC offers a comprehensive range of Shariah-based banking services for individuals, businesses and institutions. Its retail banking services include Mudaraba savings accounts, Mudaraba current accounts, Mudaraba term deposit schemes, consumer investment facilities, debit cards and remittance services. Instead of interest-based lending, the bank provides investment facilities based on Islamic contracts such as Murabaha, Bai-Muajjal, Hire Purchase under Shirkatul Melk (HPSM) and Musharaka, ensuring compliance with Islamic financial principles. Customers can conveniently access ATM services, internet banking, mobile banking, SMS banking and online banking facilities for secure financial transactions.
Besides retail banking, the bank provides extensive corporate and SME banking services, including trade finance, project investment, working capital investment, treasury operations and cash management services for businesses and industries. Standard Bank also supports entrepreneurs and small business owners through Shariah-compliant SME investment programs. In addition, the bank is actively involved in foreign exchange and international remittance services, helping expatriate Bangladeshis send money safely and efficiently to their families.
In conclusion, Standard Bank PLC has established itself as a modern and progressive Islamic commercial bank in Bangladesh. Through its commitment to Shariah-compliant banking, technological advancement and customer-focused services, the bank continues to contribute significantly to financial inclusion, sustainable economic growth and the development of Bangladesh's banking industry.
| Registered Name | Standard Islami Bank PLC | |
| Legal Status | Public Limited Company | |
| Logo |  | |
| Established | 1999 | |
| Type | Private Bank | |
| Category | Commercial Bank | |
| Origin | Local Bank | |
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| Corporate Address | Metropoliton Chamber Building, 122-124 Motijheel C/A,, Dhaka 1000, Bangladesh. | |
| Telephone | +880 2 223358385, 223385106, 223357913 | |
| Fax | +880 2 7176367 | |
| Call Center | 16786, +880 96777 16786 | |
| E-mail Address | sblho@standardbankbd.com | |
| Website | www.standardbankbd.com | |
| SWIFT Code | SDBLBDDH | |
| Code | 210 | |
| Stock Code | STANDBANKL Company Profile in DSE | CSE | |
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Rating 2.5, based on 598 votes.
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