Historical Background of IBBL:

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. Earlier in November 1982, Bangladesh Bank, the country's Central Bank, sent a representative to study the working of several Islamic Banks abroad.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. They found a lot of work had already been done and Islamic banking was in a ready form for immediate introduction. Two professional bodies- Islamic Economics Research Bureau (IERB) and Bangladesh Islamic Banker's Association (BIBA) mode significant contributions towards introduction of Islamic Bank in the country. Islami bank Bangladesh limited (IBBL) was incorporated as the first Shariah based-interest free Bank in south-east Asia on 13th March 1983 as a Public Company with limited liability under the company act, 1913 with 58.03% foreign shareholding having largest branch network (236 Branches & 30 SME/Krishi Branches i.e. total 266 Branches) among the private sector Banks in Bangladesh. The Bank started functioning with effect from 13th March 1983. The establishment of this bank ushered a new area in Bangladesh, The first branch of the bank i.e. local office, Motijheel, Dhaka. The bank was formally inaugurated on 12th August 1983. Islami Bank Bangladesh Limited is a Joint Venture Public Limited Company engaged in commercial banking business based on Islamic Shari'ah with) among the private sector Banks in Bangladesh. It was established on the 13th March 1983 as the first Islamic Bank in the South East Asia. It is listed with Dhaka Stock Exchange Ltd. and Chittagong Stock Exchange Ltd. Authorized Capital of the Bank is Tk. 20,000.00 Million ($244.87 Million) and Paid-up Capital is Tk. 10,007.71 Million ($122.53 Million) having 63,001 (30.06.2011) shareholders as on 31st December 2011.

MISSION OF IBBL
To establish Islamic banking through the introduction of a welfare oriented banking system and also ensure equity and justice in the field of all economic activities, achieve balanced growth and equitable development through diversified investment operations particularly in the priority sectors and less developed areas of the country, to encourage socio-economic uplift and financial services to the low income community particularly in the rural areas.

VISION OF IBBL
The vision of Islami Bank Bangladesh limited is to strive to achieve superior financial performance be considered a leading Islamic bank by reputation and performance. To establish and maintain the modern banking techniques To ensure the soundness and development of the financial system based on Islamic principles and to become the strong and efficient organization with highly motivated professionals, working for the benefit of people, based upon Accountability, transparency and integrity in order to ensure stability of financial systems. Encourage savings in the form of direct investment. To encourage investment particularly in projects which are more likely to lead higher employment

Objectives of Islami Bank Bangladesh Limited:

Al-Ghazali says, "The very objective of the Shariah is to promote the welfare of the people which lies in safeguarding their faith, their life, their intellect, their posterity and their property. Whatever ensures the safeguard of these five serves public interest and is desirable." The primary objective of establishing Islamic banks all over the world is to promote, foster and develop the application of Islamic principles in the business sector. More specifically, the

objectives of Islamic banking when viewed in the context of its role in the economy are listed as following: To conduct interest free banking. To offer contemporary financial services in conformity with Islamic Shariah: To contribute towards economic development and prosperity within the Principles of Islamic justice; Optimum allocation of scarce financial resources To establishing participatory banking instead of banking on debtor creditor relationship. To establish welfare oriented banking system To pay a vital role in human development and employment generations. Help to ensure equitable distribution of income. To established modern banking system.

Special features of IBBL

The bank is committed to run all its activities as per Islamic Shariah. IBBL through its steady progress and continuous success has earned the reputation of being one of the leading Private Sector Banks of the country. The distinguishing features of IBBL are as follows: All activities are conducted on interest-free banking system in accordance with Islamic Shariah. Investment is made through different modes permitted under IslamiShariah. Establishment of participatory banking instead of banking on debtor-creditor relationship. Investment income of the Bank is shared with the Mudaraba depositors according to a ratio to ensure a reasonable fair rate of return on their depositors. Its aims are to introduce a welfare-oriented banking system and also to establish equity and justice in the field of all economic activities. It extends Socio-economic and financial services to the poor, helpless and low-income group of the people for their economic enlistment particularly in the rural areas. It plays a vital role in human resource development and employment generation particularly for the unemployment youths.

 Its aim is to achieve balanced growth and equitable development of the county through diversified investment operations particularly in the priority sectors and in the less developed areas. It extends co-operation to the poor, the helpless CREDIT RATING REPORT CREDIT RATING REPORT ON ISLAMI BANK BANGLADESH LIMITED This is a credit rating report as per the provisions of the Credit Rating Companies Rules 1996 and as per BRPD Circular No. 5of Bangladesh Bank dated on April 29, 2009. CRISLs entity rating is valid one year for long-term rating and 6 months forshort term rating. Long Term Surveillance Rating, 2010 Surveillance Rating, 2009 Outlook AA+ AA+ Stable Date of Rating June 22, 2011 Credit Rating Information and Services Limited (CRISL) has upgraded the long term rating of Islami Bank Bangladesh Limited (IBBL) to "AA+" (Pronounced as Double A plus) and reaffirmed Short Term Rating to "ST I" The bank rated "AA+" (High Safety) in the long term is adjudged to be of high quality, offer higher safety and have high credit quality. This level of rating indicates a corporate entity with a sound credit profile and without significant problems. Risks are modest and may vary slightly from time to time because of economic conditions. The bank rated "ST I" (Highest Grade) in the short term is considered to have highest certainty of timely payment. Short term liquidity including internal fund generation is very strong and access to alternative sources of funds is outstanding, safety is almost risk free like Government short term obligations, the release added. Short Term ST-1 ST-1

Corporate information: (2012 of IBBL)

Date of Incorporation Inauguration of 1st Branch (Local office, Dhaka) Name of Chairman Total Equity Total Asset Local Shareholders Foreign Shareholders Authorized Capital Paid-up Capital Number of Branches Zone Number of Shareholders Manpower

13th March 1983 30th March 1983

Prof. Abu Nasser Muhammad Abduz Zaher : USD 429 Million : USD 4,939 Million 42.15% 57.85% Tk. 20, 000 million Tk. 10,007.71 million 251 (including 43 AD Branches 12 63,001 11,033