Executive summary:

Banking plays an important role in the economy of any country. Bangladesh is the third largest
Muslim country in the world with around 150 million populations of which about 90 percent are
Muslim. These people possess strong faith on Allah and they want to lead their lives as per the
construction given in the holy Quran and the way shown by the prophet Hazrat Mohammad
(Sm). But Islamic banking system was developed here up to 1983 was centered to interest, which
strongly prohibited repeatedly in Islam. This interest based banking system had been in action
right from the British colonial period and employment of the Muslims in banks was more or less
restricted. During the period 1947-1971 when country was a part of Pakistan but the rulers did
not take any practical attempt to establish economic system based on Islamic Principles.

Since independence, Bangladesh saw a new trend in banking both at home and abroad. Islamic
banking as a new paradigm started in Bangladesh in 1983 with the establishment of the first
Islamic bank “Islami Bank Bangladesh Limited”. The innovation of interest-free banking
systems, proved its worth in the country’s money market and many new banks have been
established to operate in compliance with Shari’ah and many traditional banks have opened their
Islamic banking branches.
Introduction:
Islami Bank Bangladesh Limited is a Joint Venture Public Limited Company engaged in
commercial banking business based on Islamic Shari'ah with 63.09% foreign shareholding
having largest branch network ( total 318 Branches) among the private sector Banks in
Bangladesh. It was established on the 13th March 1983 as the first Islamic Bank in the South
East Asia.

It is listed with Dhaka Stock Exchange Ltd. and Chittagong Stock Exchange Ltd. Authorized
Capital of the Bank is Tk. 20,000.00 Million and Paid-up Capital is Tk. 16,099.90 Million
having 33,686 shareholders as on 31st December 201

The history of Islamic Banking could be dividing in two parts. First: When it still remained an
idea, second:When it became a reality –by private initiative in some countries and by law in
others. There has always been a desire to establish financial institutions to operate as per the
tents of Islamic Sharia. The first attempt in this regard was made in Pakistan during 1950s as a
pilot scheme, but unfortunately it didn’t succeed. It was followed by a more successful venture in
the form of a local Bank in Egypt (Myt Gant Savings Bank, July, 1963). In 1969 Islamic Bank
was got up Malaysia through passing an Act in parliament which is being conducted successfully
today.  In 1970, King Faisal, The Government of K.S.A, called a meeting to moderate the
banking of Muslim countries in accordance with the loss of Islamic Sharia. In the light of this
purpose, on 18th December 1973 the decision of setting up an international Islamic Bank was
taken up in the finance ministry of O.I.C, which starts its work on 20th October 1975 in Jeddah.
In 1977, Faisal Islamic bank in Sudan, Kuwait Finance Bank House in Kuwait, Faisal Islamic
bank in Egypt and Jordan Islamic Bank in 1978 was founded. In 1977, International Association
of Islamic bank was founded to create equality among the Islamic Banks of different countries.

Islamic Bank Bangladesh Limited was incorporated on 13.03.1983 as a public Company with
Limited liability under the companies Act, 1913. The Bank obtained permission to commence
business from 27.03.1983.  Islamic Bank Ltd. Is the first interest free Bank in South-East Asia.
The establishment of this Bank has ushered a new era in Bangladesh, the second largest Muslim
country in the world. The bank is committed to help the people in Halal earnings and Halal
investment. All of its activities are run as per Islamic Shariah. The Islamic Development Bank,
some foreign financial institutions of Saudi Arabia, Kuwait, Bahrain, United Arab Emirate and
Jordan also came forward to establish this bank.

The total number of branches of the bank as on 31st December 1988 stood at 27. The Bank has
taken up an optimality expansion program to open a large number of branches during the
year 1989 in urban and rural areas and it is expected that with the implementation of the
expansion program almost all important commercial places will come under the operational
activities of the Bank.
To establish Islamic Banking through the introduction of welfare oriented banking and also
ensure equity and justice in the field of all economic activities, achieve balanced growth and
equitable development through diversified investment operations particularly in the priority
sectors and less development areas of the country, To encourage social-economic enlistment and
financial services to the low-income community particularly in the rural area.

Company profile:
In August 1974, Bangladesh signed the Charter of Islamic Development Bank and committed
itself to reorganize its economic and financial systems as per Islamic Shariah. In January 1981,
the president of Bangladesh, the then, while addressing the 3rd Islamic Summit Conference held
at Mecca and Tail suggested, “ The Islamic countries should develop a separate banking system
of their own to facilitate their trade and commerce.”

This statement of the president indicated favorable attitude of the government of the People’s
Republic of Bangladesh towards establishing Islamic banks and financial institutions in the
country. Earlier in November 1982, Bangladesh Bank, the country’s central Bank, sent a
representative to study the working of several Islamic Banks abroad.

In November 1982, a delegation of IDB visited Bangladesh and showed keen interest to
participate in establishing a joint venture Islamic Bank in the private sector. They found a lot of
work had already been done and Islamic banking was in a ready form for immediate
introduction. Two professional bodies Islamic Economics Research Bureau (IERB) and
Bangladesh Islamic Banker’s Association (BIBA) made significant contributions towards
introduction of Islamic banking in the country.

They came forward to provide training on Islamic banking to top bankers and economists to fill
up the vacuum of leadership for the future Islamic banks in Bangladesh. They also held
seminars, symposia and workshops on Islamic economics and banking throughout the country to
mobilize public opinion in favor of Islamic banking.

Their professional activities were reinforced by a number of Muslim entrepreneurs working

under the aegis of the then Muslim Businessmen in society (now reorganized as industrialist &
Businessmen Association). The body concentrated mainly in mobilizing equity capital for the
emerging Islamic Banks.

At last, the long drawn struggle, to establish an Islamic bank in Bangladesh becomes a reality.
Islami Bank Bangladesh Limited was established in March 1983. In which 19 Bangladeshi
nationals, 4 Bangladeshi institutions and 11 banks, financial institutions and government bodies
of the middle east and Europe including IDB and eminent personalities of the kingdom Saudi
Arabia joined hands to make the dream a reality.

Mission:
To establish Islamic Banking through the presentation of a welfare situated managing an
account framework and furthermore guarantee value and equity in the field of every single
financial action, accomplish adjusted development and impartial improvement in through
enhanced speculation operations especially in the need segments and less created zones of the
nation. To empower financial up liftmen and budgetary administrations to the misfortune salary
group especially in the country zones.

Vision:

Vision of the organization is to always strive to achieve superior financial performance, be

considered a leading Islamic Bank by reputation and performance.Islamic bank vision to
dependably endeavor to accomplish predominant money related execution is viewed as a main
Islamic bank notoriety and execution. To set up and keep up the advanced saving money
innovation, to guarantee the soundness and improvement of the budgetary framework in view
of Islamic standards and to end up plainly the solid and proficient association with profoundly
energetic expert, working for the advantage of individuals, in light of responsibility,
straightforwardness and uprightness so as to guarantee the security of monetary framework
Objectives of Islami Bank Bangladesh Ltd. :
The target of Islamic Banking isn't just to acquire benefit yet to do great and convey welfare to
the general population. Islam maintains the idea that cash, wage and property has a place with
Allah and this riches is to be utilized for the merchandise of the general public. The primary
question of the Islami Bank Bangladesh Limited (IBBL) had been to offer a premium free
keeping money framework in the budgetary market. Aside from that, the bank began its
operation in the nation with a view to understanding the accompanying targets.

1. To accept deposits on profit and loss sharing basis.

2. To contribute to establishment of a society by equitable distribution of wealth.

3. To create employment opportunities by investing savings towards prospective economic

sectors.

4. To develop morals among the people and to establish the shariah in the field of trade and
commerce.

5. To establish a partnership relationship with customers and to eliminate the idea of the debtor-
creditor relationship of traditional banks.

6. To establish justice in trade and commerce in the country.

7. To establish welfare oriented banking system.

8. To extend banking services towards the poor, helpless and low-income group of people in the
society in order to uplift of their standard of living.

9. To invest to those business sectors those are found acceptable from Shariah point of view.

10. To investment on profit and risk sharing basis.

11. To offer interest-free banking system in the financial market.

12. To render services for the economic development of the nation.

13. To utilize mobilize savings towards productive sectors.

Core Values of Islami Bank Bangladesh Ltd. :
 Proper Delegation, Transparency & Accountability
 Adoption of Changed Technology
 Personalized Service
 Environmental Consciousness
 Equity and Justice
 Welfare Banking
 Highest standard of Honesty, Integrity & Morale
 Strict observance of Islamic Shari’ah

 Corporate social responsibilities of IBBL:

 Corporate social responsibility (CSR) refers to this company practices involving
initiatives that benefit society. This CSR can encompass a wide variety of tactics, from
giving away a portion of a company's proceeds to charity, to implementing "greener"
business operations.


 STAFF WELFARE SCHEMES:

 The Bank believes in supporting its employees and offering incentives and motivation for
its continued profitability. With a view to supporting these lofty objectives, the Bank
operates a contributory provident fund, social security fund, gratuity fund and a
benevolent fund for the employees of the Bank.  These funds are managed by a separate
Board of Trustees.


 1. Contributory Provident Fund: 
 The provident fund is for the regular confirmed employees who work minimum 5 years
for IBBL.   And it came into force with  effect from the1.03.1986. The fund received
contributions 10% of the basic pay both from employees.
 2. Social Security Fund:  
 The scheme came into force with effect from the 8 th December 1988. It was formed for
financial help to the members of the IBBL Employees Social Security fund and their
family in case of death, physical disability of the employees while in service or of any
thing of like nature acceptable to the Board of Trustees and retirement from the service.
  3. Gratuity Fund: 
 The gratuity fund for the regular employees of IBBL started from 1st day of March
1986. The employees who serves at least 7 years in IBBL are normally entitled to get
gratuity equivalent to one month’s basic salary of the employees for their
completed year of services in the Bank.
 4. Benevolent Fund:
 The benevolent fund for the regular and confirmed employees of IBBL was established
in year 1986. This fund is mainly used scholarship to the meritorious students among
the children of IBBL s staff and sub staff to allow sort term quard for the unexpected
and certain needs of the staff of IBBL like accident of the staff and their dependents.

Agriculture Implements Investment Scheme:

Bangladesh, an agricultural country,has its vast majority of people living in rural areas.
Most of our people, for their living, are dependent on agriculture. Agriculture contributes to
the majority of the gross domestic product. But we are far from self-sufficiency in food
production. The deficit is still being met with bulk import of food, making us dependent on
others. We must modernize our agriculture and establish more and more industries in
order to minimize imports.

Islami Bank Bangladesh Limited is a welfare oriented Bank. It can play positive and
important role in the economic development, progress and uplift of the country by
investing in the agricultural sector. The Bank has, therefore, introduced “Agriculture
Implements Investment Scheme” to provide power tillers, power pumps, shallow tube
wells, thrasher machine etc. on easy terms to the unemployed youths for self-employment
and to the farmers to help augment production in agricultural sector.

Objectives:
 To create opportunities for self-employment of un-  employed rural youths.
 To help farmers to augment agricultural production.
 To assist in the introduction and use of modern technology in the agricultural sector.
 To play auxiliary role in achieving self-sufficiency in food production.
 Publications:
The Bankhas been relentlessly working to project and promote the lofty ideals of Islam in
the fields of economics and banking and to reach the people of all walks of life and bring
home to them the concept of Islamic banking.
Thus, it has been able to create a favorable image about Islamic banking among the people.
The Bank releases advertisements through radio, television, magazines and newspapers to
make urban and rural masses aware of the ever growing concept, modes of operation,
schemes and services of the Bank and to focus on its progress and motivate traders,
businessmen and industrialists to establish and broaden their business links with the Bank.
To promote healthy growth of art and literature in the country, literary magazines are
patronized.
The Bank has so far published a number of books, booklets, souvenirs and folders on
different aspects of Islamic banking and Islamic economics. Attractive multi-colored
posters were also published depicting the aims and objectives, people-oriented special
investment schemes of the Bank.

National and international newspapers and magazines published features and in-depth
reports on the progress of the Bank and made editorial comments praising the welfare
activities of the Bank.

Bank’s quarterly research journal ‘Islami Banking’ highlighting the concept of Islamic
economy, banking, insurance, prospect of economic collaboration among the Muslim
countries etc. started its publication in 1992 which has been widely acclaimed by all
sections of people including academicians, economists, bankers, journalists, judges,
intellectuals etc. A periodical house magazine named ‘Islami Bank Parikrama’ is being
published regularly as the mouthpiece of the Bank. Discussion meetings, seminars,
symposia, workshops are also being arranged to apprise the people of the Islamic banking
system. Stalls and booths were opened in different national and international fairs for
projecting the activities of the Bank.

RURAL DEVELOPMENT SCHEME:

Bangladesh with its 40% people living below poverty line and 18% living in absolute
poverty is suffering from acute rural-urban economic disparity coupled with illiteracy, lack
of proper health and sanitation facilities. The country’s economy is basically an agrarian
one with vast majority living in rural areas. The agriculture sector is unable to provide any
further scope for employment resulting in influx of rural population towards urban areas.
Rural areas are characterized by stagnant agriculture and scanty industries.
Underemployment and unemployment is a regular phenomenon particularly in rural areas.
The vast human resources have remained unutilized due to lack of education, proper
training and concerted efforts to help grow the rural economy. This results in uneven
distribution of income which causes serious set back in balanced geographical growth as
well as growth of GDP.

Islami Bank Bangladesh Limited was founded with the major objective of establishing
Islamic economy for balanced economic growth by ensuring reduction of rural-urban
disparity and equitable distribution of income.

In view of the above, Branches of the Bank have been encouraged to invest their deposits in
their respective areas and in particular for the economic upliftment of the rural people.

Accordingly, a Scheme in the name and style of ‘Rural Development Scheme’ has been
introduced to cater to the investment needs of the agriculture and rural sector to create
opportunity for generation of employment and raising income of the rural people with a
view to alleviate poverty.

OBJECTIVE:
The main objectives of the Scheme are:
 To extend investment facilities to agricultural, other farming and off-farming activities in
the rural areas.
 To finance self-employment and income generating activities of the rural people,
particularly the rural unemployed youths and the rural poor
 To alleviate rural poverty through integrated rural development approach
 To extend investment facilities for rural housing, keeping in view the needs of housing
facilities of the rural dwellers
 To provide educational services and safe drinking water, sanitation & Medicare facilities
to the down trodden people

Target Group:
 Farmers having land holding of maximum 0.50 acres
  Sharecroppers with consent from the landowners
 Persons engaged in off-farm activities having no land or land up-to-maximum 0.50 acres
 Persons/farmers permanently residing in the selected villages
 Persons having derelict pond will be eligible for investment for re-excavation and fish
cultivation
 Destitute women and distressed people will be provided investment for milk
cows/poultry birds/ducks/goats etc. and other suitable off-farm activities for raising their
supplementary income
 Persons having liabilities with other banks/institutions including defaulters will not be
eligible for investment under the Scheme

Rate of Return:
Bank’s rate of return is 10% per annum (flat) with a rebate of 2.5% for timely payment.

Security Requirements
As far the Corporate Social Responsibility is concerned in Islami Bank Bangladesh Limited, no
security is needed against against investment under the scheme as entire Scheme has been drawn
taking into account the social welfare objective of the Bank for upliftment of the socially down-
trodden and economically backward and weaker section of the population of the society.

However, Group discipline should be strictly followed and complied with so that only the right
persons are selected and included as members of the Group.

Besides, each member of the Group gives personal guarantee for other members of the same
Group and the members are jointly and severally liable and responsible for payment of
investment.

Development of Manpower, Research, Training and Motivation:

The principles and working procedures of IBBL are totally latest and completely different
from the conventional banks. There is an inevitable need for training of the employees of the
banks to orient and attune them to the new system of Islami banking. To cater to this need,
Islami Bank training and Research Academy (IBTRA) was established in 1984, soon after the
inception of the Bank.
The activity of IBTRA covers both training and research on various aspects of Islamic
banking. The Academy developed a rich library of its own with a treasure of valuable books
on different subjects including Islamic economics, banking, comparative philosophies and
journals of home and abroad and research articles and documents. Employees of the Bank,
learners and researchers have been taking full advantage of the library.
The Academy edited books on “Readings in Islamic Banking” and “Investment Operations”.
It also edited and published a brochure on “Investment and Trade Opportunities in
Bangladesh.”
Keeping in view the existing and future training requirement of the Bank and also to generally
cater such needs of different Islamic banking & financial institutions of the region, the
management of Islami Bank Training and Research Academy has been placed at the disposal
of an Academic Council consisting of 3 Directors of the Board, Management Executives of
the Bank, Shariah scholar, renowned academicians and representatives of reputed institutions
engaged in the training of bank officials of the country.
The Academy conducts training courses, and workshops. The courses include Islamic
Banking, Banking Law and Practice, Investment Operations and Management, Foreign Trade
and Foreign Exchange, Islami Shariah Based Audit and Inspection.
Besides, orientation, induction, foundation and motivation courses on different subjects are
also conducted round the year. In addition to conducting regular training courses, it arranges
seminar on Islamic economics and banking and such other related topics of current interest.
Apart from this, an “Executive Development Programme” has been introduced at the Head
Office of the Bank in Dhaka since 1988 for enriching knowledge and thought process and
developing professional skill of the Executives. This programme has proved to be effective
and now being extended outside Dhaka. The Academy conducts internship courses for the
students of different Departments of various Universities of the country. The Bank introduced
annual award for the best three students of the Department of Banking and Finance of Dhaka
University who secure 1st class 1st, 2nd and 3rd with ‘Islami Banking’ as special subject
from the year1994.
The Bank is also providing financial assistance for publication of a textbook on ‘Islamic
economics and banking’ for the university students.
Besides, a motivational programme has been introduced since 1987 for the clients of the
Bank. Client-orientation programme are arranged at different branches for disseminating the
concept of Islamic economics and banking and to acquaint the clients with the operations of
Islamic banking system.
The Bank, in 1993, co-sponsored a 3-day International Seminar on ‘Islamic Common Market’
in which scholars, economists, bankers, industrialists and representatives of trade bodies of 15
countries participated. The Bank, with the collaboration of International Association of
Islamic Banks (IAIB), organised an International Seminar on Islamic Banking in1985 and
another International Seminar on Islamic Banking and Insurance in 1989.
Islami Bank Training and ResearchAcademyhas introduced Diploma in Islamic Banking
since 1998.
Functions of Islami Bank Bangladesh Ltd. :
Islamic bank renders practically comparative administrations to their clients traditional banks do.
However, contrasts exist in regulating motivators for stores and charges for capital speculations,
in so far as strategies of ascertaining the impetus or the cost of the capital is concerned, like a
regular bank, The Islami bank likewise acknowledges stores from clients and advances venture.
The bank contributes its assets for short and long haul stores. The Islami bank additionally goes
about as an overseer of its clients and plays out every single outside exchange in the interest of
them. The IBBL perform for the most part three unique sorts of capacities Banking
administrations, Investment, and Foreign trade administrations Banking administrations contain
three consistent sorts of operations identified with acknowledgment of stores in the diverse
clients’ accounts as said before, and also, extraordinary value-based administrations to the
clients, supervision of individual resources and securities, gathering of bills, office
administrations, and so forth. The bank loans its assets for the fast development and
improvement of mechanical areas and the advancement of exchange and business in the nation.
The bank likewise puts its assets in different financial plans, for example, Rural Investment
Scheme, Small Traders Investment Scheme, Doctors Investment Scheme, Small Transport
Scheme, Small and Cottage Industry Project, Hawker's Investment Scheme, Household Durable
Scheme and Low Cost Housing Scheme. The third vital capacity of the bank is to render
administrations to clients with respect to outside trade exchanges in addition to administrations
to its clients for import and fare of various types of business and agriculture.

Health care services and Medicare programs:

There are so many graduated doctors from Medical Colleges who are unemployed. We already
know that the job opportunity for government service is limited. So newly graduated doctors
highly get chance to be self employed. If the doctors get chance they can make treatment
available to the every corner our country. New medical equipment will be able to improve the
standard of their treatment and also make the modern treatment facilities available to more
people.

“Doctors Investment Scheme” an initiative step has taken by the Islami group which will ensure
modern treatment and medical facilities available to the people through extension of Bank’s
investment facilities for self-employment of newly graduated doctors. Also extending investment
facilities to the established medical practitioners to procure modern and sophisticated medical
equipment

 Assisting specialists and consultant physicians to procure specialized medical equipment

for extending improved treatment to the people.
 Assist newly passed unemployed medical graduates to establish clinics by way of
formation of groups by 5 doctors
 Provide investment facilities for establishment of chambers, clinics, pharmacies and
procurement of medical equipment by the unemployed medical graduates and thus to
provide self- employment
 Assisting experienced and established physicians to procure improved and modern
medical equipment and thus to improve the standard and techniques of treatment.

Health and Medicare facilities are the basic and fundamental rights. But most of the
people of our country are still deprived of it. The F Establishment of Medical Centers

 Supporting Charitable dispensaries and Tube well Installation.

 Sanitary Latrine construction etc. and foundation has, therefore, taken up the following
programs to extend health, Medicare and sanitation facilities to the urban and rural
areas.
 Rural Development Scheme (RDS) of IBBL has taken under Health and Medicare
Programs preventive measures. Like construction of sanitary latrines and installation of
tube wells in the villages covered under to whom Islami Bank Bangladesh Ltd. is
providing finance for income generation activities.

Islami Bank Hospital:

 The Foundation has so far set up Hospitals at three Divisional Headquarters in Dhaka,
Rajshahi and Khulna.
 Appointed practitioners and specialists in various fields of treatment like Medicine,
Surgery, Gynae, Pediatric, E.N.T. Urology, Neuro-surgery, Skin, and Orthopedic etc.
are harnessed in these hospitals.
The Foundation plans to establish Hospitals at each Divisional Headquarters of the
country.
 Islami Bank Medical College, Rajshahi.
The number of Doctors in Bangladesh is not sufficient compared to the total population. The
Govt. Medical Colleges are also a very few and a good number of meritorious students cannot
get admitted into the Govt. Medical Colleges due to insufficient number of seat capacities.
Though some private medical colleges have been established mostly in and around the capital
but the tuition fees and other charges are so high that the students of poor and middle class
families cannot afford it.

Community Hospital:
Besides establishing Hospitals at the Divisional Headquarters, IBF has a plan to assist local
initiatives in setting up Hospitals at District level. Establishment of Four such Hospitals is
planned during 1999.

Educational Program by IBBL:

Education is very important for any country but it is regrettable that the rate of literacy is still
very low in Bangladesh. Maximum people in our country are deprived of the light of
education due to lack of sufficient educational institutions, non-availability of text books,
equipments and most highly issue poverty. So they have planned education dso that children
can get them easily.

Islami Bank International School and College

As Dhaka, the capital of Bangladesh, is turning to be a MegaCity, a large number of English
Medium Schools are creeping up which follows curriculum not conforming fully to the need
of the country. As an attempt to combine modern education (which are secular) with religious
education for a total development of the children, Islami Bank Foundation has established an
English medium ModelSchool and College in Dhaka. Establishment of a Bangla medium
school affordable by lower and middle class economic strata of the society is also being
envisaged.

Humanitarian Help Programs

 These program aims at providing help to distressed people who are unable to meet their basic
needs like food, clothing, shelter and medicine. The old widow and children without
guardians get preference. It also provide fund for the marriage of poor girls, assist indebted
people, help distressed wayfarers etc.

Relief and Rehabilitation Programs

Islami Bank Foundation always likes to participate in relief and rehabilitation activities in
natural disasters and in emergency. During calamities like flood, tornado, tidal surge etc. the
Foundation mobilizes its own people as well as donates to the relief fund opened at the
government level.

Corporate Social Responsibility:

 Taka 30 million sanctioned for the people affected by the

devastating cyclone SIDR:

Islami Bank Bangladesh Limited has taken a decision to distribute relief goods of taka 30
million at the first phase among the helpless people who were affected by the devastating
cyclone taken place on November 15. This relief distribution and rehabilitate. The decision was
taken in an emergent meeting of the Board of Directors at the Board Room of Islami Bank
Tower today on November 18, 2007. It will be fitting to note here that, Islami Bank Bangladesh
Limited has played significant role by extending it`s help to the flood-hit people in relief
distribution and rehabilitation program

 Officers and staff of Islami Bank donated one day salary

for the cyclone-victims:
All the offices and staff of Islami Bank Bangladesh Limited took the decision of donating their
one day salary for the people affected by the recent devastating cyclone recently. Officers and
staff of Head Office and different Branches of the Bank are distributing relief in the cyclone-hit
regions

 Islami Bank Bangladesh Limited is continuing relief

distribution activities:
o LIslami Bank Bangladesh Limited is continuing relief distribution activities among
the distressed people affected by the recent devastating cyclone.
 Pirojpur Branch
 Pirojpur Branch of the Bank distributed relief among the 400 distressed family affected
by the recent devastating cyclone at Zianagar Upazila of Pirojpur. Moulana Delawar
Hussain Sayedee, Vice Chairman, Shariah Council & Md. Obaidul Haque, Senior Vice
Pre
 Besides, Pirojpur Branch of the Bank distributed relief among the 400 distressed family
affected by the recent devastating cyclone at Vhandaria & Motbadia Upazila of Pirojpur.
Md. Obaidul Haque, Senior Vice President & Head of Rural Development Division.

Monoram: Islami Bank Crafts & Fashion

The project has been taken up as a sales outlet of home-made garments, handicrafts and other
items produced by the distressed women. The main objective of the project is to create
conducive and healthy atmosphere in which women can contribute to the family income by
working within the limits of Shariah.
The other objective of this project is to develop designs of women-wear, which will conform, to
the principles of decency and modesty as laid down by Islam and at same time compare well
with the modern-day-fashions

Service Centre

To save the people of coastal and river belt from natural disaster, erosion etc. a special project
has been taken in the name and style of “Service Centre”. Under this programme pucca structure
constructed in coastal areas, river belts and off-shore islands would be used for integrated social
development of the people as well as provide safe shelters during natural calamities. Two such
Service centers (in Noakhali and Manikgonj) have already been established.

Islami Bank Physiotherapy and Disabled

Rehabilitation Centre
Bangladesh there are a great number of unfortunate disabled persons who have no other means to
maintain themselves without resorting to beggary. The burden of the society might be lessened
and these people can be helped to become self-reliant through imparting special skills. Keeping
this in view, Islami Bank Foundation has decided to rehabilitate these unfortunate disabled
persons through establishing a centre named “Islami Bank Physiotherapy and Disabled
Rehabilitation Centre” This Centre while making temporary arrangement for food and shelter for
the disabled, will arrange for health check up, physiotherapy and occupational therapy and look
for job placement through internship in various factories and trading houses.

Bangladesh Sangskritic Kendra (Cultural Centre)

Culture is very important leading factor of a nation. A nation is considered developed which is
culturally advanced. Now-a-days, no state is conquered through applying physical force but
through ideas, thinking, norms, belief,etc. Like many other Muslim countries, the elite, affluent
section and new generation of Bangladesh are presently motivated by western culture which is
very harmful for the nation. Islami Bank Foundation has, therefore, established “ Bangladesh
Sangskritic Kendra ( Cultural Centre ) in Dhaka for upholding and promoting national culture
and heritage of the country.

 Islami Bank Foundation wants to expand the on-going projects throughout the country
and also wishes to undertake new ones for the overall development of the country.
 The Foundation is looking forward for sincere assistance and co-operation from
philanthropic persons and institutions from home and abroad to materialize its noble and
cherished objectives.
 Zakat and Donations may be credited to Islami Bank Foundation Account Nos.
02101005 (Zakat) and 02101014 (Donation) maintained with lslami Bank Bangladesh
Ltd., Head Office Complex Branch, 40, Dilkisha Commercial Area, Dhaka-1000,
Bangladesh.

Islami Bank Institute of Technology

The large number of unemployed youth of the country may be turned as assets through taking
up Human Resource Development (HRD) Programme.

The youths with skills in various sectors of technology may become self-employed in the land
and can also get employment opportunities abroad. Islami Bank Foundation has, therefore,
established 3 Technical Institutes, two in Dhaka and another in Bogra, which are rendering
training facilities in Computer, Secretarial Science, Driving, Electrical, Refrigeration and Air
Conditioning, Radio & TV, Tailoring and Garments etc.