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Islami Bank Bangladesh Limited commenced operation of its Off-Shore Banking Units (OBU) located at Head Office Complex Branch- Dhaka, Uttara Branch-Dhaka and Agrabad Branch, Chittagong under the license issued by Bangladesh Bank. Details particulars of OBUs of IBBL as under:
| Sl.No |
Offshore Banking Unit Code |
Name and address of Offshore Banking Units |
| 1. |
42 0211 42 |
| Islami Bank Bangladesh Limited, Head Office Complex Unit |
| Address : |
Islami Bank Bangladesh Limited, Head Office Complex Branch.Islami Bank Tower, 40 Dilkusha C/A, Dhaka-1000. |
| Phone: |
(02) 9563182, PABX-(02) 9563040 |
| Mobile: |
01711693908, 01714034155 |
| Fax: |
(02) 9564532 |
| Email: |
hocc@islamibankbd.com |
|
| 2. |
42 0211 42 |
| Islami Bank Bangladesh Limited, Uttara Unit |
| Address : |
Islami Bank Bangladesh Limited, Uttara Branch,Kushal Centre, Uttara Model Town, Dhaka |
| Phone: |
(02) 8920500, 8918055, 8923976 |
| Mobile: |
01711-693936 |
| Fax: |
|
| Email: |
uttara@islamibankbd.com |
|
| 3. |
42000144 |
| Islami Bank Bangladesh Limited, Agrabad Unit |
| Address : |
: Islami Bank Bangladesh Limited, Agrabad Branch,3, CDA Sheikh Mujib Road, Agrabad C/A, Chittagong |
| Phone: |
(031) 716286 |
| Mobile: |
01711-889901, 01711-889902 |
| Fax: |
(031) 2511381 |
| Email: |
agrabad@islamibankbd.comibblac@bttb.net.bd |
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Deposit clients of OBU:
TIslami Bank Bangladesh Limited commenced operation of its Off-Shore Banking Units (OBU) located at Head Office Complex Branch- Dhaka, Uttara Branch-Dhaka and Agrabad Branch, Chittagong under the license issued by Bangladesh Bank. Details particulars of OBUs of IBBL as under:
| Deposit products : |
| 01 |
Al-Wadiah Current A/C. |
| 02 |
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. |
Area of Investment of OBU:
An offshore banking facility can provide a number of benefits including :
| --Banking in the International level within the country. |
| --OBU may accept deposits and provide investment in freely convertible foreign currencies. |
| --The transactions/operations of OBUs are free from set rules/regulations of Bangladesh Bank and other local regulators. |
| --Advantages of low or nonexistent taxes/levies so that its customers can enjoy unique package of tax benefit. |
| --Higher profit on deposit. |
| --Multi Currency Account facility. |
| --Easy unlimited ins and out of fund |
| --Extra services that local bank might not be able to offer |
| --The convenience of international banking |
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