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Overview

Foreign Exchange Business of Islami Bank Bangladesh Limited includes Import Financing, Export Financing, Offshore Banking Operations and Foreign Remittance services. Import and Export is directly operated by 70 AD branch and 185 Frorwarding Branches. The bank has Foreign Correpondent relationships with 600 banks across the globe and special remittance drawing Agency Arrangement with 145 Exchange Houses in different countries.

Details

Foreign Correpondents

IBBL has Correpondent Relationship with 633 foreign banks across the globe

General services

  • Inward Foreign Remittance
  • Encashment of cash Foreign Currency
  • Collection of FC cheques / drafts
  • Payment of FTT & FDD
  • Issuance of FTT & FDD
  • Selling/Issuance of Foreign Currency note
  • Commercial outward remittance
  • Outward remittance for medical/study/travel purpose
  • Issuing Letter of Credit
  • Back to Back Letter of Credit
  • Bank Guarantee
  • Foreign Bank Guarantee
  • Export Bills Collection
  • Bonded Warehouse facilities to exporters
  • Duty Draw Back facilities to exporters
  • Substitute Cash Assistance

Forex Investment Products

  • Bill Financing under Mudaraba Documentary Bills (Mura-UPAS) against Usance import Bills
  • Bill Financing under Mudaraba Documentary Bills (HPSM-UPAS) against Usance import Bills
  • Bill Financing under Mudaraba Investment for MDB in FC against Inland Export Bills
  • Import Financing
  • Export Financing
  • Short term Murabaha
  • Post-Shipment Financing (Bai-as-Sarf, MDB in FC)
  • Bai-Salam (Pre-shipment)
  • Musharaka Documentary Bill (MDB) Inland
  • Musharaka Documentary Bill (MDB) in Foreign Currency
  • Murabaha Post Import (MPI)
  • Murabaha Import Bills (MIB)
  • Murabaha Import LC
  • Murabaha FC Investment (MFCI) under EDF
  • Murabaha FC Investment (MFCI) under balance of MFCD A/C
  • Bai-Muajjal Back to Back Bills
  • Bai-as-Sarf (Foreign Documentary Bill: FDB)
  • Bai-as-Sarf (Foreign Currency Cheques/Drafts: FCD)