Brief Profile and Performance of Islamic Banks in Bangladesh as on 31 Presented by Md. Fariduddin Ahmed Advisor Export Import Bank of Bangladesh Limited Former Managing Director & Chief Executive Officer Islami Bank Bangladesh Limited

Islamic Banking in Bangladesh: Landmark Events. 1. In August 1974, Bangladesh signed the Charter of Islamic Development Bank and committed itself to reorganize its economic and financial system as per Islamic Shariah. Prepared by Forkan Uddin Mahmood 2

Islamic Banking in Bangladesh: Landmark Events. 2. In January 1981, the President of the People’s Republic of Bangladesh while addressing the 3rd Islamic Summit Conference held in Makkah and Taif suggested “The Islamic Countries should develop a separate Banking system of their own in order to facilitate their trade and commerce.” This statement of the President indicated favorable attitude of the government of the People’s Republic of Bangladesh towards establishing Islamic Banks and Financial Institutions in the country. Earlier in November 1980, Bangladesh Bank sent a representative to study the working of several Islamic Banks abroad. Prepared by Forkan Uddin Mahmood 3

Islamic Banking in Bangladesh: Landmark Events. 3. In November 1982, a delegation of IDB visited Bangladesh and showed keen interest to participate in establishing a joint venture Islamic Bank in the private sector. Two professional bodies namely, Islamic Economic Research Bureau and Bangladesh Islamic Bankers Association took initiative to provide training on Islamic Banking to top Bankers and Economists to fill up the vacuum of leadership for the future Islamic Banks in Bangladesh. Prepared by Forkan Uddin Mahmood 4

Islamic Banking in Bangladesh: Landmark Events. 4. At last, the dream of establishing Islamic Bank in Bangladesh became a reality and Islamic Bank Bangladesh Limited was established on 30th March, 1983. Later, 8 full fledged Islamic Banks have been established in the country, 10 conventional Banks have so far established Islamic Banking branches and 6 conventional Banks opened Islamic windows in some major cities. Prepared by Forkan Uddin Mahmood 5

Full-Fledged Islamic Banks (2013) Amount in Crore Sl Name of the Banks Year of Establishment Number of Branches Total Manpower Total Deposit Total Investment Profit /Loss 1 Islami Bank Bangladesh Ltd 1983 286 12980 47314.10 40680.46 1410.40 2 ICB Islamic Bank Ltd. 1987 33 656 1197.01 978.86 (26.00) 3 Al-Arafah Islami Bank Ltd. 1995 110 2387 14170.46 12129.90 421.49 4 Social Islami Bank Ltd. 94 1802 10210.45 8592.23 292.46 5 First Security Islami Bank Ltd. 2009 117 2367 13952.10 11460.18 202.57 6 Shahjalal Islami Bank Ltd. 2001 92 2173 9648.10 8570.70 269.40 7 EXIM Bank Ltd. 2004 80 2282 16573.32 14384.74 492.79 8 Union Bank Ltd 2013 11 317 1216.52 730.88 24.63 Sub Total ( BDT) 823 24964 114282.06 97527.95 3087.74 Sub Total ( US $ ) - 1469.87 1254.38 39.71 Note : US $ 1 = BDT 77.7500 ( Approx) Prepared by Forkan Uddin Mahmood 6

Year of Establishment of IB Branch Branch based Islamic Banks (2013) Amount in Crore Sl. Name of the Banks Year of Establishment of IB Branch Number of Branches Total Manpower Total Deposit Total Investment Profit /Loss 1 AB Bank Ltd. 2005 19 654.28 329.60 17.18 2 Prime Bank Ltd. 1995 5 100 1594.54 1261.16 118.13 3 Jamuna Bank Ltd. 2003 55 308.43 280.01 16.48 4 Dhaka Bank Ltd. 24 489.57 404.79 (5.09) Southeast Bank Ltd. 130 1909.79 825.00 68.59 6 Premier Bank Ltd. 40 551.87 332.05 43.41 7 The City Bank Ltd. 34 405.65 154.84 5.76 8 SCB (Sadiq) 2004 9 616.70 471.09 50.02 HSBC (Ama-nah) 2.86 124.21 20.69 10 Bank Al - Falah 1997 28 Sub Total ( BDT ) 21 439 6533.69 4182.75 335.17 Sub Total ( US $ ) - 84.03 53.80 4.31 Note : US $ 1 = BDT 77.7500 ( Approx) Prepared by Forkan Uddin Mahmood 7

Establishment of IB Window Window based Islamic Banks (2013) Amount in Crore Sl. Name of the Banks Year of Establishment of IB Window Number of Branches Total Manpower Total Deposit Total Investment Profit /Loss 1 Standard Bank 2009 2 9 22.60 8.45 1.01 Trust Bank 2008 5 16 518.98 384.13 (4.20) 3 Bank Asia 51 406.74 349.55 15.29 4 Pubali Bank 2010 20 64.97 44.57 3.16 Sonali Bank Ltd 18.36 0.65 0.53 6 Agrani Bank Ltd 36 323.82 54.85 8.48 Sub Total (BDT) - 24 132 1355.47 842.20 24.27 Sub Total (US $)   17.43 10.83 0.31 Note : US $ 1 = BDT 77.75 00(Approx) Prepared by Forkan Uddin Mahmood 8

Market Share of business and major Indicators of performance of Islamic Banks Amount in Crore Sl. Particulars Islamic Banks(2013) Conventional Banks All Banks Share of Islamic Bank As on 1 2 3 4 5=(2/4) 6 Number of Banks 8 (Full Fledged) 31 56 14.29% 31-12-2013 Number of Branches 844 7841 8685 9.72% Number of Employees 24964 Deposits : BDT US $ 122171.00 1571.33 505129.00 6496.84 627300.00 8068.17 19.48% 5 Investments : 102553.00 1319.01 361317.00 4647.16 463870.00 5966.17 22.11% Investment Deposit Ratio 83.94% 73.95% Note : US $ 1 = BDT 77.75 00( Approx) Prepared by Forkan Uddin Mahmood 9

Growth Trend of Business of EXIM Bank Amount in Crore Prepared by Forkan Uddin Mahmood 10

Allah Hafez