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First Security Islami Bank Plc (Bangladesh)

Main Activities: Commercial Banking
Full name: First Security Islami Bank Plc Profile Updated: October 29, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

The Bank converted its banking operation into Islamic Banking based on Islamic Shari'a from traditional banking operation on January 01, 2009 after obtaining approval from honorable High Court, Ministry of Finance and Bangladesh Bank.

The Bank is mainly engaged in all kinds of commercial banking services provided by the Bank to the customers following the principles of Islamic Shari'a, the provisions of the Bank Company Act of 1991 and Bangladesh Bank's directives. The Bank has launched mobile banking services in the beginning of January, 2013 as per Bangladesh Bank approval.

The Bank was incorporated in Bangladesh on 29 August, 1999 as a banking company under the Companies Act of 1994 to carry out the banking business. It obtained permission from Bangladesh Bank on September 22, 1999 to commence its business.

The Bank went for public issue on July 20, 2008 and its shares are listed on Dhaka Stock Exchange and Chittagong Stock Exchange.
On 4 October 2023 , the bank changed its name into First Security Islami Bank PLC.

Headquarters
Rangs Rd Center, Block: Se (F), Plot:03, Gulshan Avenue,Gulshan 1
Dhaka; Dhaka; Postal Code: 1212

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Website: http://www.fsiblbd.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
August 29, 1999
Key Executives
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Chairman
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Chief Executive Officer
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Vice Chairman
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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46.32%
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30.14%
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22.29%
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1.25%
Subsidiaries
First Security Islami Capital Investment Limited
First Security Islami Exchange Italy S.R.L (Italy)
M/S Unique Enterprise
Company Performance
Financial values in the chart are available after First Security Islami Bank Plc report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency BDT. Absolute financial data is included in the purchased report.
Net interest income
28.92%
Operating profit (EBIT)
5.35%
Net Profit (Loss) for the Period
9.96%
Total assets
7.08%
Total equity
12.01%
Total Assets Trend
-6.07%
Net Interest Income Trend
N/A

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