Offshore Banking Units (OBU)

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:

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
 
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
 
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.com
ibblac@bttb.net.bd

Deposit clients of OBU:

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:

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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