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Overview

Islami Bank Bangladesh Limited operates 3 Off-Shore Banking Units (OBU) under regulations by Bangladesh Bank. The OBUs acts as a global bank within the local commercial bank; its all operations are conducted in Foreign Currency (FC). OBUs of IBBL deal with import finace by UPAS & HPSM FC (long-term) and export finance by MDB FC & Bai-as-sarf.

Locations for OBU Service

Currently Off-shore Banking services are available at 3 OB Units:

  1. Head Office Complex Unit, Dhaka
  2. Uttara Unit, Dhaka
  3. Agrabad Unit, Chattogram

Deposit Products of OBU

  • Al-Wadiah Current A/C
  • Import Finance/facility

Local banks may also maintain foreign currency accounts with OBUs in the manner they maintain such accounts with their foreign correspondents.

Area of Investment of OBU

OBU can finance mainly to Fully Foreign Owned Companies at home and abroad, A-Type Farms/Companies in EPZ territory and in limited cases to Joint Venture/Local Industrial unit in Bangladesh in the form of term investment provided permission from Board of Investment (BOI). Investment Products :

01. Bill Financing (Mudaraba Documentary Bill (UPAS)
02. Import Finance/facility
03. Export Finance/facility.
04. Short Term Murabaha.
05. Project Finance.