Brief History of Pubali Bank Islamic Banking
Pubali Bank PLC. started its holistic journey towards Islamic Banking Services, beside its main stream conventional banking services, in February 2010 through 2 (two) Islamic Banking Windows; one with our Principal Branch, Dhaka and the other with our Dargah Gate Branch, Sylhet. Since then, we are growing steadily in terms of business volume and of business outlets.
In 2018, we got approval for opening of 15 more Islamic Banking Windows and in 2023, we were allowed to open 5 further Islamic Banking Windows by the Central Bank. Besides, we converted 3 existing conventional branches of our Bank to full-fledged Islamic Banking Branches in the year 2024. Needless to say, Branch Conversion is totally a new experience in the Banking industry of Bangladesh.
To sum up, 21 Islamic Banking Windows and
4 Islamic Banking Branches are in operation in our Bank, at present.
Application for 20 new Islamic Banking Windows, conversion of 5 more branches to Islamic Banking Branches and one Islamic Banking Sub-branch are pending with Bangladesh Bank that will hopefully be opened soon.
Over and above, Islamic Banking services are available in all 508 branches, 207 Sub-branches,
4 Islamic Branches and 21 Islamic Banking Windows of the Bank through POIBS (Pubali Online Islamic Banking Services) since 22nd August, 2022 with real time gross settlement facilities all over the country.
We have an independent Shari'ah Supervisory Committee consisted of eminent Islamic Scholars, Ulamas, Islamic Economists and Islamic Law Experts of the country with Prof. M. Mansurur Rahman, former Treasurer and Vice-Chancellor (In charge) of Bangladesh Islami University, Dhaka in the Chair, to oversee all Islamic Banking activities of the Bank.
The Deposit and Investment Products of our Islamic Banking Branches and Windows with their salient features are as follows: