FSIB PLC
First Security Islami Bank PLC is one of the leading Islamic commercial banks in Bangladesh, operating entirely in accordance with the principles of Islamic Shariah. The bank was established in 1999 as First Security Bank Limited with the objective of providing modern and customer-oriented banking services. Initially, it operated as a conventional commercial bank. However, in 2009, the bank officially converted its operations into a full-fledged Islamic banking system and adopted the name First Security Islami Bank Limited (FSIBL). Later, in accordance with regulatory changes under the Companies Act, the bank became First Security Islami Bank PLC. Since its transformation into an Islamic bank, FSIBL has expanded its branch network, ATM services and digital banking facilities while maintaining a strong commitment to Shariah-compliant banking and ethical financial practices.
The history of First Security Islami Bank reflects continuous growth, modernization and dedication to Islamic banking principles. Following its conversion to Islamic banking, the bank introduced various Shariah-compliant financial products and invested heavily in modern banking technology. It gradually expanded its presence across Bangladesh by establishing branches, sub-branches and ATM booths while introducing internet banking, mobile banking, SMS banking and online banking services. Through effective corporate governance, professional management and customer-oriented policies, the bank has earned a strong reputation in Bangladesh's Islamic banking sector.
First Security Islami Bank PLC offers a comprehensive range of Shariah-compliant banking services for individuals, businesses and institutions. Its retail banking services include Mudaraba savings accounts, Mudaraba current accounts, Mudaraba term deposit schemes, consumer investment facilities, debit cards and remittance services. Instead of conventional interest-based lending, the bank provides investment facilities through Islamic financing modes such as Murabaha, Bai-Muajjal, Musharaka, Mudaraba, Ijara and Hire Purchase under Shirkatul Melk (HPSM). Customers can conveniently access ATM services, internet banking, mobile banking, SMS banking and online banking platforms for secure and efficient financial transactions.
Apart from retail banking, the bank provides extensive corporate and SME banking services, including trade finance, project financing, working capital investment, treasury operations, export-import financing and cash management solutions. It also actively supports entrepreneurs and small business owners through Shariah-compliant SME investment facilities. Furthermore, First Security Islami Bank participates in foreign exchange and international remittance services, enabling expatriate Bangladeshis to send money safely and efficiently to their families while facilitating international trade.
In conclusion, First Security Islami Bank PLC has established itself as a reliable and progressive Islamic commercial bank in Bangladesh. Through its commitment to Shariah-compliant banking, technological innovation, diversified financial services, and customer satisfaction, the bank continues to contribute significantly to financial inclusion, sustainable economic development and the advancement of Bangladesh's banking sector.
| Registered Name | First Security Islami Bank PLC | |
| Legal Status | Public Limited Company | |
| Logo |  | |
| Established | 1999 | |
| Type | Private Bank | |
| Category | Commercial Bank | |
| Origin | Local Bank | |
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| Corporate Address | Rangs RD Center, Plot No. 3, Block SE(F), Gulshan Avenue, Circle 1, Gulshan, Dhaka 1212, Bangladesh. | |
| Telephone | +880 2 55045700 | |
| Fax | +880 2 9891915 | |
| Call Center | 16257, +880 96667 16257 | |
| E-mail Address | info@fsiblbd.com | |
| Website | www.fsibplc.com | |
| SWIFT Code | FSEBBDDH | |
| Code | 105 | |
| Stock Code | FIRSTSBANK Company Profile in DSE | CSE | |
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Rating 2.5, based on 605 votes.
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