about icb islamic bank limited
TRANSCRIPT
About ICB Islamic Bank Limited
Introduction:
The Bank has been incorporated on April, 1987 as a public limited company under the Companies Act, 1913 to undertake and carry out all kinds of banking, financial and business activities, transactions and operations in strict compliance with the principles of Islamic Law (Shariah) relating to business activities in particular avoiding usury in credit and sales transactions and any practice which amounts to usury. Certificate for commencement of business has been issued to the bank on April, 30, 1987. The Bank has been authorized by the Bangladesh Bank to carry on the banking business in Bangladesh with effect from May 4, 1987. However, actual banking operations commenced on May 20, 1987.
Nature of Business:
All kinds of commercial banking services are provided by the bank to the customers observing the provisions of the Bank Company Act 1991, Bangladesh Bank's directives and the principles of Islamic Shariah.
Significant Accounting Polices Basis of Accounting :
The accompanying financial statements, comprising Balance Sheet, Profit and Loss Account and Notes thereto have been prepared according to Banking Companies Act, 1991 and Bangladesh Bank circulars applicable to accounts, on a going concern basis, under historical cost convention and are based on generally accepted accounting principles.
Consolidation:
A separate set of records for consolidating the Statement of Affairs and Income and Expenditure Statements of the branches are maintained at the Head Office of the bank in Dhaka from which these financial statements are drawn up. Branch managers of respective bank branches have certified the statement of affairs for the year ended December 31, 2001.
Balance with other banks and exchange gains or losses:
Balances with foreign banks at year-end are translated at the average of telegraphic transfer of buying and selling rates. Excess/shortage of translated figures over book figures at year-end is transferred to Profit and Loss Account.
Investments :
Investment are stated at amount as reduced by balance of Profit suspense account and provision for bad and doubtful debts; Profit is not charged on bad and doubtful investments from the date of filing money suits against the borrowers; Income which were charged on Investment classified by Bangladesh Bank Inspection Team and by the Bank management as sub-standard, doubtful and bad were kept in profit suspense account as per Bangladesh Bank BCD Circulars and such income is not accounted for as profit until realized from borrowers.
BOARD OF DIRECTORS
ChairmanTan Sri Dr. Hadenan bin Abdul Jalil
Board of Directors 1. Tan Sri Dr. Hadenan Bin Abdul Jalil 2. Mr. Abdul Hafiz Choudhury 3. Mr. Tee Kim Chan 4. Mr. Alagappan Nachiappan 5. Mr. Rajavel Ganesan
Address of Branches
Dhaka Division
SL Name of Branch with Address Cell & Phone
1. :PRINCIPAL OFFICE BRANCH17, Motijheel C.A. Dhaka
01811408251,9566464, 95609409560876
2. :IMAMGANJ BRANCH 4,4/5,5, Gulbadan Super Market Moulavi Bazar, Dhaka
01811408258, 7310339, 7313707
3. :VIP ROAD BRANCH 01811408254,
35/C,Naya Paltan, VIP Road, Dhaka
9352863,8314486, 9341029
4. :NARAYANGONJ BRANCH 15, S.M. Maleh Road, Narayangonj
01811408266,7630477, 7630276
5. :MIRPUR ROAD BRANCH 33, Mirpur Road, Dhaka
018114082578614105, 8613475, 966204
6. :BANGSHAL BRANCH 40, Abdullah Sarker Lane North South Road,Dhaka
01811408259,9562999, 9563007
7. :NARSINGDHI BRANCH 163/3, C&B Road Sharif Mansion,Narsingdhi
01811408267,0628-62194
8. :ISLAMPUR BRANCH 9, Islampur Road, Dhaka
01811408260,7390342, 7391485
9. :KAWRAN BAZAR BRANCH 10, Kazi Nazrul Islam Avenue Kawranbazar, Dhaka
01811408256,812922, 8130394, 9144039
10. :GULSHAN BRANCH 48, South Avenue, Gulshan, Dhaka
01811408264,8828296, 8821277
11. :BABU BAZAR BRANCH 21, Armanian Street, Babubazar, Dhaka
01811408261,7316579, 7316574
12. :NAWABPUR BRANCH 223, Nawabpur Road, Dhaka
01811408262,9562790, 7167143
13. :IDB BHABAN BRANCH Agargoan-Begum Rokya Sarani Dhaka
01811408263,8110437, 9139851
14. :BANANI BRANCH Awal Centre 34, Kemal Atarturk Avenue (1st Floor), Dhaka
01811408265,9884176, 9884137
15. DHANMONDI BRANCH24/C Sheikh Kamal SharaniOld 27 (New 16)Dhanmondi 1209
01841885510,9134914, 9126059
Dhaka
16. UTTARA BRANCHHouse No-2/A Road No-13, Sector-4, Uttara, Dhaka 1230Dhaka
01811 4082547912970, 7912979, 7912780
Chittagong Division
SL Name of Branch with Address Cell & Phone
17. :AGRABAD BRANCH 36, Agrabad C/A, Chittagong
01811408268,031-710511, 715967, 715648
18. :KHATUNGONJ BRANCH 276, Khatungonj, Chowdhury Market, Chittagong
01811408269,031-637227
19. :JUBILEE ROAD BRANCH 829, Jubilee Road, Chittagong
01811408270,031-615499
20. :FENI BRANCH 83/1, Panchgachia Road, Feni
01811408272,0331-74065
21. :MURADPUR BRANCH Rajamina Market 93,Muradpur CDA Avenue, Chittagong
01811408271,031-652071
Sylhet Division
SL Name of Branch with Address
Cell & Phone
22. :
SYLHET BRANCH Sylhet Collector Mosjid Building Plot No. 7769 and 5741, Sylhet
018114082730821-713469, 710264
23. :BISWANATH BRANCH Plot # 9545, Biswanath Bazar, Sylhet
01811408276,08224-82081
24. :BEANIBAZAR BRANCH Beanibazar, Sylhet
01811408275,08223-88368
25. :HABIGANJ BRANCH Enem Plaza,Kalibari Road, Hobigonj
01811408277,0831-52757,52435
26. :MOULAVIBAZAR BRANCH 10, Court Rd (Chowmuhani) Moulavibazar
01811408274,0861-53153
Rajshahi Division
SL Name of Branch with Address
Cell & Phone
27. :RAJSHAHI BRANCH 120, Natore Road, Shaheb Bazar, Rajshahi
01811408283,0721-774346, 774599
28. :
NAOGAON BRANCH K. R. Rahman Super Market Naogaon
01811408284,0741-62774
Khulna Division
SL Name of Branch with Address
Cell & Phone
29. :KHULNA BRANCH “Tayamun Centre” 181, Khan-A-Sabur Road Khulna
01811408278,041- 720043, 722046
30. :JESSORE BRANCH 25, R.N. Road, Jessore
01811408279,0421-68529, 67653
31. :NOAPARA BRANCH Noapara Bazar, Jessore
01811408280,04222-394
32. :BENAPOLE BRANCH Benapole Bazar,Jessore
01811408281,0421- 75747
Barisal Division
SL Name of Branch with Address
Cell & Phone
33. :BARISAL BRANCH 67/65, Katpatti Road Barisal
01811408282,0431-54141, 62474
B r a n c h M a n a g e r s
SL Bank
Code
Branch Manager Email Mobile Phone
1. 002 Principal Office
M. Zahangir Alam Mozumder, SAVP
01811408251 9566464, 9560940, 9560876
2. 003 Agrabad Md. Ridwan Sayeed, SAVP
01811408268 031-710511, 715967, 715648
3. 004 Imamgonj Mehaboob Kabir, SAVP,
01811408258 7310339, 7313707
4. 005 Khatungonj Md. Zoynal Abedin, EO
01811408269 031-637227
5. 006 VIP Road Md. Ali Nahid Khan, VP
01811418396 9352863,8314486, 9341029
6. 007 Sylhet Md. Saiful Malik, SAVP
01811408273 0821-713469, 710264
7. 008 Narayangonj
Zahir Hossain, EO [email protected]
01811408266 7630477, 7630276
8. 009 Biswanath Md. Habibur Rahman, SO
01811408276 08224-82081
9. 010 Mirpur Road
Md. Rezaur Rahman, AVP
01811408257 8614105, 8613475, 966204
10. 011 Bangshal Ishtiaq Ahmed Choudhury, AVP
01811408259 9562999, 9563007
11. 012 Narsingdi Kazi Tawhid Morshed, EO
01811408267 9451768, 9462194
12. 013 Beani Bazar Ikramul Alam, SO [email protected]
01811408275 08223-88368
13. 014 Islampur S.M Enamul Haque, AVP
01811408260 7390992, 7390342, 7391485
14. 015 Khulna Syed Shahjahan Ali, AVP
01811458062 041- 720043, 722046
15. 016 Jubilee Road
Abu Yaser Shourabh Hossain, EO,
01811408270 031-615499
16. 017 Feni A.H.M. Humayun Kabir, AVP
01811408272 0331-74065
17. 019 Rajshahi Md. Mostafizur Rahman, EO
01811408283 0721-774346, 774599
18. 020 Habigonj Skiekh Mohiuddin Ahmed, AEO
01811408277 0831-52757,52435
19. 022 Moulivi Bazar
Md. Shafiqur Rahman
01811408274 0861-53153
20. 023 Barisal Md. Shah Alam, SO [email protected]
01811408282 0431-54141, 62474
21. 024 Kawran Bazar
Muhammed Mizanul Kabir, SAVP
01811418397 812922, 8130394, 9144039
22. 025 Gulshan Md. Taifur Rahman Khan, AVP
01811418401 8828296, 8821277
23. 026 Jessore Nazim Uddin, EO [email protected]
01811408279 0421-68529, 67653
24. 027 Noapara Md. Shahidulla [email protected]
01811408280 04222-394
25. 028 Benapole Md. Golam Kibria, AEO
01811408281 0421- 75747
26. 029 Babu Bazar ABM Mosharof Hossain, AVP
01811408261 7316579, 7316574
27. 030 Nawabpur Parvez Yousuf Chowdhury, AVP
01811408262 9562790, 7167143
28. 031 Naogaon Syed Saiful Islam, AVP
syed.saiful @ic bislamic-bd.com
01811408284 0741-62774
29. 034 Muradpur Abul Kasem Mahmud, EO
01811408271 031-652071
30. 035 IDB Bhaban Md. Sazzadur Rahman, AVP
01811408263 8110437, 9139851
31. 036 Banani Rashid Ahmed Bin Wali, EO
01811408265 9884176, 9884137
32. 037 Dhanmondi Shaikh Altaf Mahmood, VP
01841885510 9134914, 9126059
33. 038 Uttara Abdullah Al Mahmud, AVP
01811408254 7912970, 7912979, 7912780
Schedule of Charges Consumer Banking
Item Features & Fees*
Al Wadiyah Current Account:
Minimum Account Opening Amount Tk. 5000
Account Maintenance Fee ( half yearly ) Tk. 100
Issuance of cheque book fee (25 leaves) { First Cheque Book Free} Tk. 200 (25 leaves)
Mudarabah Savings Account:
Minimum Account Opening Amount Tk. 1000
Account Maintenance Fee ( half yearly ) Tk. 100
Minimum amount required to earn profit Above Tk. 5000
Issuance of cheque book fee (10 leaves) { First Cheque Book Free} Tk. 200 (25 leaves)
Mudarabah Short Term Deposit (MSTD)
Minimum Account Opening Amount Tk. 5000
Account Maintenance Fee ( half yearly ) Tk. 150
Minimum amount required to earn profit Above Tk. 5000
Issuance of cheque book fee (25 leaves) { First Cheque Book Free} Tk. 200 (25 leaves)
Al-Muquafah Executive Account:
Minimum Account Opening Amount Nil
Account Maintenance Fee ( half yearly ) Nil
Minimum amount required to earn profit Tk. 5000
Issuance of cheque book fee (10 leaves) { First Cheque Book Free} Tk. 200 (25 leaves)
ATM Card
Issuance Fee { For first year only/ For reissue incase of lost/ stolen } Tk. 300
Annual Fee { Free for first year, second year onwards} Tk. 300
Cash Withdrawal: ICB ATM FREE
Cash Withdrawal: Q-Cash ATM Tk. 10 per withdrawal
Cash Withdrawal: Dutch Bangla Bank ATM Tk. 20 per withdrawal
Cash Withdrawal: Omnibus ATM Tk. 20 per withdrawal
Manzil (Home) Finance:
Finance Amount Tk. 5 Lac - Tk. 1 Crore
Processing Fee 1% of Finance amount
Rahabar (Auto) Finance:
Finance Amount Tk. 2 Lac - Tk. 20 Lac
Processing Fee 1% of Finance amount
Saahib (Personal) Finance:
Finance Amount Tk. 30 Thou - Tk. 7 Lac
Processing Fee 1% of Finance amount
Murabaha Under Secured Guarantee:
Finance Amount Tk.10,000 and above
Spread rate3% higher than MTDR profit rate
Processing FeeTk. 1000
Closing ChargeTk. 1000
Locker:
Locker charges (Small) Tk. 1500
Locker charges (Medium) Tk. 2000
Locker charges (Large) Tk. 3000
Statements/Certificates:
Issuance of Duplicate Statement Fee (Current year) Tk. 200
Issuance of Duplicate Statement Fee (Previous years) Tk. 400
Issuance of Duplicate Balance Confirmation Certificate Fee Tk. 200
Issuance of Solvency Certificate Fee Tk. 500
Issuance of Certificate of Profit Fee Tk. 250
Issuance of Hold Statement fee Tk. 250
Issuance of BO Account's Certificate Tk. 100
Issuance of Duplicate MTDR Receipt Tk. 200
Issuance of Foreign Currency Endorsement Fee Tk. 250
Issuance of Investment Outstanding CertificateTk. 200
Issuance of Statement Authentication Charges Tk. 200
Fund Transfer:
Pay Order charges (Up to Tk. 100,000) Tk. 50
Pay Order charges (Tk. 100,000 to Tk. 500,000) Tk. 100
Pay Order charges (Tk. 500,000 to Tk. 2,000,000) Tk. 150
Pay Order charges (Above Tk. 2,000,000) Tk. 200
Pay Order Cancellation Charges Tk. 100
Foreign Demand Draft ( Up to USD 200) USD 5 or equivalent BDT
Foreign Demand Draft ( Above USD 200) TUSD 10 or equivalent BDT
Issuance of Duplicate Payment Order (Up to Tk. 500,000) Tk. 50
Issuance of Duplicate Payment Order (Tk. 500,000 & above) Tk. 100
Others:
Student File Maintenance fee Tk. 3000
Standing Instructions Set Up fee Tk. 50
Standing Instructions Amendment fee Tk. 50
Standing Instruction Execution Fee (per transaction) Tk. 10
Stop cheque payment charges Tk. 250
Account Closing Charge Tk. 200
Scheme Account Closing Charge FREE
Cheque Return Charges Tk. 500
Collection of Outstation Cheques/bills 0.15%, Min Tk. 100 & Max Tk. 500
Intercity Transaction Charges:
Cash Withdrawal (Up to Tk. 25000) FREE
Cash Withdrawal (Above Tk. 25000 up to Tk. 100000) Tk. 100
Cash Withdrawal (Above Tk. 100,000 up to Tk. 1,000,000) Tk. 300
Cash Withdrawal (Above Tk. 1,000,000 up to Tk. 3,000,000) Tk. 500
Cash Withdrawal (Above Tk. 3,000,000) Tk. 1000
Cash Deposit (Up to Tk .100,000) FREE
Cash Deposit (Above Tk. 100,000 up to Tk. 1,000,000) Tk. 100
Cash Deposit (Above Tk. 1,000,000 up to Tk. 3,000,000) Tk. 300
Cash Deposit (Above Tk. 3,000,000) Tk. 1000
Fund Transfer (Up to Tk. 100,000) FREE
Fund Transfer (Above Tk. 100,000) Tk. 500
* 15% VAT is applicable
1. Press Release regarding Asset Sales & Service Center in Gulshan, date: 15/02/2010
ICB Islamic Bank Ltd has recently launched Asset Sales & Service Center in Gulshan, Dhaka. The concept of Asset Sales & Service Center is new in Bangladesh. A complete consumer financing solution, from sourcing Home finance, Auto finance and Personal finances to after sales services, all financing facilities will be provided by the Asset Sales & Service Center.
ICB Group CEO, Mr. Tai Terk Lin has inaugurated the Asset Sales & Service Center. Also present in the inauguration ceremony were Mr. Chowdhury Nafeez Sarafat, (Head of Consumer Banking) ICB Islamic Bank Ltd, Mr. Tamim Marzan Huda ( Head of Products) and Mr. Zakir Hossain, (Manager, Asset Sales & Service Center) along with other ICB Islamic Bank Ltd officers.
2. Financial Support For The BDR Mutiny Victim Families
Managing Director of ICB Islamic Bank Mr. Masihul Huq Chowdhury handing over a cheque to the Chairman of BAB (Bangladesh Association of Banks) to provide financial support for the affected families who were killed in BDR carnage on 11th March, 2009.
3. Voluntary Blood Donation by ICB Islamic Bank Officials on the Occasion of Bangla New Year 1416
The Management and officials of ICB Islamic Bank welcomes Bangla New Year 1416 through Voluntary Blood Donation in the Head Office premises on Thursday 16th April 2009. Mr. Masihul Huq Chowdhury, Managing Director and CEO of the Bank, along with other officials, voluntarily participated in this Blood Donation Program in arrangement with Bangladesh Red Crescent Society.
4. Voluntary Distribution of Orsaline to Rickshaw Pullers and Day Laborers by ICB Islamic Bank Officials
The officials of ICB Islamic Bank came forward with a distinctive idea to increase awareness about the consequences of dehydration during the heat wave days through distributing 1200 bottles of Saline Water to the rickshaw pullers, hawkers & labors in Kawran Bazar & Farmgate area on 29th April, 2009.
5. Donation of Computers & Blankets for Less Privileged People in Dinajpur
Managing Director of ICB Islamic Bank handed over computers and blankets to Mr. Mabud Ali, Founder Chairman of Felanee Foundation that aims to create income generation for less advantage women and children in Dinajpur on 13th January 2010.
6. Underprivileged but Talented Students Accorded Reception in ICB Islamic Bank
ICB Islamic Bank Ltd officials accorded an iftar reception and stipend for one year to six disadvantaged students who achieved Golden GPA-5 in the SSC Examination 2009. The brilliant students shared the stories of their struggle with the presence of their parents/siblings and officials of ICB Islamic Bank at the iftar and dua gathering held in the Head Office premises on 7th September 2009. Chairman of the Bank, Tan Sri Dr. Hadenan Bin Abdul Jalil, and Members of the Board of Directors, Managing Director Mr. Masihul Huq Chowdhury and all other Senior Officials of the Bank were present on the auspicious occasion.