Abstract:
First Security Islami Bank Limited, a reputable commercial bank in the country, was founded on August 29, 1999, and was granted permission by the Bangladesh Bank to begin operations on September 22, 1999. As our nation has progressed, so too has FSIBL, which has grown or thrived in recent years. Accurately adhering to "Islamic Shariah" standards is something you can count on from First Security Islami Bank Limited. The FSIBL is founded on non-interest profit-and-loss sharing agreements.
A specialist financial institution, First Security Islami Bank (FSIBL) carries out most of the usual banking services and investment tasks in accordance with the profit-loss apportionment provision as is principally based on the principles of Islamic Shariah. Instead of paying interest, First Security Islami Bank Ltd. shares the bank's profits with its depositors.
In addition, the bank has some say in whether or not interest-bearing credit facilities are granted for long-term projects based on the principles of profit-loss sharing. Through its various affiliates, First Security Islami Bank participates in a wide range of charitable and community-building initiatives.
