Global Islami Bank, former known as NRB Global Bank, is a fourth generation Bangladeshi

sharia Sharia (; ar, شريعة, sharīʿa ) is a body of religious law that forms a part of the Islamic tradition. It is derived from the religious precepts of Islam and is based on the sacred scriptures of Islam, particularly the Quran and the H ...

compliant private bank. Nizam Chowdhury is the chairperson of the Bank. Syed Habib Hasnat is the Managing Director of Global Islami Bank.

History

The Bank was founded as NRB Global Bank on 25 July 2013 targeting not resident Bangladeshis.

Bangladesh Bank Bangladesh Bank ( bn, বাংলাদেশ ব্যাংক) is the central bank of Bangladesh and is a member of the Asian Clearing Union. It is fully owned by the Government of Bangladesh. The bank is active in developing green banki ...

provided licenses to nine banks, including NBR Global Bank, in 2013 on the condition that the bank will eventually list on the stock market. On 14 August 2013, Md Abdul Quddus was appointed Managing Director of NRB Global Bank. In 2015, Prashanta Kumar Halder became the Managing Director of the Bank. Nizam Chowdhury, director of Diamond Life Insurance Company Limited and Kushira Power Limited, was appointed chairman of NRB Global Bank in August 2016. In April 2019, the NRB Global Bank announced it's intention to change its name to Global Bank of Bangladesh due to the existence of two banks,

NRB Commercial Bank Limited NRBC Bank PLC. is a bank in Bangladesh. SM Parvez Tamal is the chairperson of the bank. The bank is listed on the Dhaka and Chittagong stock exchanges. Golam Awalia is the CEO and managing director of the bank. History NRBC Bank PLC. was establ ...

and

NRB Bank NRB Bank is one of the third generation private banks in Bangladesh. Mohammed Mahtabur Rahman, chairman of Al Haramain Perfumes, is the chairman of the NRB Bank. Mohammed Jamil Iqbal and Tateyama Kabir are vice-chairmen of the NRB Bank. Mehmood ...

, which included NRB in their names. In 2020, NRB Global Bank was providing both conventional and sharia compliant banking services. In August 2020,

Bangladesh Financial Intelligence Unit The Bangladesh Financial Intelligence Unit is a government agency of Bangladesh responsible for investigating money laundering, suspicious transactions, and cash transaction reports. The unit works under Bangladesh bank. Md Masud Biswas is the ch ...

ordered the freezing of banks accounts of the former Managing Director of NRB Global Bank

Proshanta Kumar Halder Prashanta Kumar Halder, also known as PK Halder, is a Bangladeshi-Canadian banker, businessman and a finance officer. He is a fugitive and wanted in Bangladesh for embezzlement of more than 102 billion taka, one of the biggest cases in Bangladesh. ...

and his family members. Halder was being investigated for embezzlement from multiple financial institutions. On 31 December 2020, the bank announced plans to change their name. Former Managing Director of the Bank, Proshanto Kumar Haldar, is suspected by the Anti-Corruption Commission of embezzling hundreds of millions taka from various financial institutions. On 3 January 2021, NRB Global Bank rebranded itself as Global Islami Bank and became a sharia compliant bank. In June, the banks proposal to raise 42.5 billion taka from an IPO was approved by Bangladesh Bank. In September 2021, Bangladesh Bank fined the bank for going beyond the investment ceiling for banks in the stock market.

References

Banks of Bangladesh Banks established in 1991 Banks of Bangladesh with Islamic banking services {{Bangladesh-stub