Global Islami Bank

What Global Islami Bank does

Global Islami Bank PLC was a Bangladesh-based Shariah-compliant scheduled bank headquartered at Saiham Tower in Gulshan, Dhaka, operating approximately 93 branches and sub-branches alongside 78 ATM booths and an agent-banking network. The bank was incorporated in 2013 as NRB Global Bank Limited, transitioned to full-fledged Islamic Banking operations under a dedicated Shariah Supervisory Committee on 1 January 2021, and listed on the Dhaka and Chittagong Stock Exchanges in November 2022 under the ticker GIB. Its product suite spanned Mudaraba savings and term deposits (including the Mudaraba Tahseen probable-double-benefit scheme and the women-focused Mudaraba Queen Savings Account), Bai-Muajjal consumer and SME financing, Hire Purchase Under Shirkatu Melk (HPSM) auto and home financing, Mudaraba Deposit Pension Scheme, NRB (non-resident Bangladeshi) banking, agent banking through partners such as Amari Holdings and Messers Ahnaf Trading, and GIB VISA Gold Dual and Platinum credit cards with airport protocol services.

The bank's technology stack combined a conventional core-banking platform migrated to Islamic Banking mode from January 2021 with the GoFast internet-banking portal and the GoFast Mobile App (launched October 2023), Q-Cash ATM interoperability, and ISO/IEC 27001:2013 certification awarded by UNICERT in December 2022. Distribution channels included a 24×7 call center, agent-banking outlets, branch openings across Bangladesh, and utility bill-collection partnerships with Titas Gas, Chattogram WASA, and WZPDCL.

The bank generated revenue primarily through profit/investment income from Mudaraba profit-sharing, Bai-Muajjal cost-plus financing, and HPSM hire-purchase arrangements, supplemented by deposit account fees, credit-card interchange, trade-finance commissions, and remittance service charges. In November 2025 Bangladesh Bank dissolved the board, declared the bank non-functional with negative assets, and on 1 January 2026 Global Islami Bank was merged with four other troubled Islamic banks (EXIM Bank, First Security Islami Bank, Union Bank, and Social Islami Bank) into the government-rescued Sammilito Islami Bank PLC, with all existing shares cancelled and approximately 7.8 million depositors placed under a structured withdrawal scheme backed by the Deposit Insurance Trust Fund.

Name

Global Islami Bank

Legal name

Global Islami Bank PLC

Website

https://globalislamibankbd.com

Company type

Public

Founded year

2013

Operating status

Acquired

Headcount range

1,001–5,000 employees

Short description

Global Islami Bank PLC was a Bangladesh-based Shariah-compliant Islamic bank offering Mudaraba deposits, Bai-Muajjal financing, NRB remittance, and agent banking to retail consumers, SMEs, and non-resident Bangladeshis, before being merged into Sammilito Islami Bank in January 2026 following a liquidity crisis.

Ownership category

akta.pro rank

Product category

Islamic Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Islamic Retail Banking (FSABAGAA)

akta.pro secondary industries

Islamic SME & Commercial Banking (FSABAGAB), Islamic Deposit & Account Products (Current/Savings/Investment Accounts) (FSABAGAI), Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH), Islamic Private Banking & Wealth (FSABAGAD), Islamic Transaction Banking (Cash Management & Treasury Services) (FSABAGAF), Islamic Investment Banking & Capital Markets Services (FSABAGAG)

Keywords

• Islamic banking services
• Shariah compliant finance
• Retail banking
• Sme financing
• Remittance services

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest/Profit Income from Investments: As an Islamic bank, Global Islami Bank earns profit from Shariah-compliant investment products including Bai-Muajjal (cost-plus financing), Mudaraba (profit-sharing), and Hire Purchase Under Shirkatu Melk (HPSM) financing. Revenue is generated from the margin/spread between the bank's financing rates and the profit shared with depositors. Interest-free period and penalties on delayed payments contribute to income.
2. Deposit Account Fees and Charges: Fees from account maintenance, transaction processing, ATM card issuance, SMS banking, and other service charges as per the Schedule of Charges published on the bank's website.
3. Credit Card Services: Revenue from GIB VISA Credit Cards (GIB VISA GOLD DUAL and GIB VISA PLATINUM) including interchange fees, annual fees, and merchant service charges. Platinum cardholders also receive airport assistance services under a separate agreement.
4. Remittance Services: International banking services including inward and outward remittances. The bank has received the 'GIB Remittance Award' recognizing its remittance business performance.
5. Trade Finance Services: Import, export, and trade finance services generating fees from letters of credit, guarantees, and other trade instruments.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels7 records

Core offering

Global Islami Bank PLC is a Bangladesh-based Shariah-compliant Islamic bank offering a full suite of retail, SME, corporate, and NRB banking products structured around Mudaraba (profit-sharing), Bai-Muajjal (cost-plus financing), and Hire Purchase Under Shirkatu Melk (HPSM) instruments. The bank distributes these through branches, sub-branches, agent outlets, the GoFast internet and mobile banking platforms, the Q-Cash ATM network, and a 24x7 call center. Following its January 2026 merger into Sammilito Islami Bank, its services continue under the merged entity with a structured depositor withdrawal scheme.

Product overview

Global Islami Bank PLC operates as a Shariah-based Islamic bank offering a comprehensive suite of banking products and services. The bank provides consumer deposit products (Mudaraba Hasanah/Kotipoti, Mudaraba Tayeba/Millionaire, Mudaraba Tawfiq/Lakhpati, Monthly Profit, and 100-day Term Deposits), consumer investment products (Bai-Muajjal schemes for various segments including returned migrants, women entrepreneurs, agriculture, and SMEs), credit cards (VISA GOLD DUAL and VISA PLATINUM), NRB banking services, SME banking through Bai-Muajjal Uddom, agent banking, international banking (remittance, trade finance, investment), and digital banking platforms (GoFast Internet Banking and Mobile App). The bank transitioned from NRB Global Bank to full-fledged Islamic Banking operations in January 2021, supervised by a Shariah Supervisory Committee.

Differentiator

Problem solved

Functional benefit

Products and services

• Consumer Deposit Products (Mudaraba Hasanah/Kotipoti, Mudaraba Tayeba/Millionaire, Mudaraba Tawfiq/Lakhpati, Monthly Profit, 100-Day Term Deposits) Shariah-compliant savings and term deposit accounts for individual consumers, including savings (Mudaraba Hasanah/Kotipoti), monthly profit, and fixed-term Mudaraba deposits, with profit distributed per Islamic banking principles.
• Mudaraba Perfect Savings Account (MPSA) Savings account combining security and growth of Mudaraba savings with daily transaction convenience; minimum opening BDT 20,000 with no upper limit, targeted at individual consumers.
• Mudaraba Queen Savings Account (MQSA) Profit-bearing savings account designed exclusively for women, paying monthly profit on daily balance and providing an ATM card facility.
• Mudaraba Junior Savings Account (MJSA) Savings account designed for children aged 3 to 18 years with Q-Cash ATM card access and no account maintenance fee.
• Mudaraba Tahseen (MTDS-Tahseen) Deposit Scheme Fixed-deposit product where the deposited amount is expected to double over a stipulated period; minimum deposit BDT 50,000 with no upper ceiling, allowing multiple accounts per depositor.
• Mudaraba Deposit Pension Scheme (MDPS) Recurring monthly savings scheme with monthly deposits from Tk 100 to multiples of Tk 500, tenor options of 3/5/8/10 years, and investment facility up to 80% of deposited amount.
• Mudaraba Ehsan Savings Account Special Mudaraba savings account designed for financial inclusion of marginalized communities in Bangladesh.
• Consumer Investment Products (Bai-Muajjal) Bai-Muajjal based Shariah-compliant consumer financing covering returned migrants (Bai-Muajjal Shohoyata), NRB customers (Bai-Muajjal Utshaho), women entrepreneurs (Bai-Muajjal Nandini), agriculture (Bai-Muajjal-Agri), and SMEs (Bai-Muajjal Uddom).
• Hire Purchase Under Shirkatul Melk (HPSM-Auto) HPSM-based auto and miscellaneous-purpose financing facility; investment limit BDT 3,00,000 to BDT 40,00,000 with 12-60 month repayment tenure for salaried, self-employed, business persons, and landlords.
• Hire Purchase Under Shirkatu Melk (HPSM) - Retail Home Financing for NRBs HPSM home investment facility for Non-Resident Bangladeshis engaged in service or business abroad; area-based investment limit BDT 3,00,000 to BDT 100,00,000 with 5-7 year repayment tenure.
• GIB Credit Cards (VISA GOLD DUAL and VISA PLATINUM) Visa-branded dual-currency and Platinum credit cards offering interchange and annual fee revenue, with Platinum cards bundling airport protocol services (luggage handling and check-in) at Hazrat Shahjalal International Airport.
• NRB Banking Services (NRB Swadesh Account, Bia-Muajjal Utshaho) Specialized Shariah-compliant banking products for Non-Resident Bangladeshis, including the NRB Swadesh Account and Bia-Muajjal Utshaho investment, supporting remittance inflows and diaspora investment.
• SME Banking (Bai-Muajjal Uddom) Bai-Muajjal-based SME business investment product providing Shariah-compliant working capital and investment financing for small and medium enterprises.
• Agent Banking Services Banking services delivered through authorized third-party agents at retail outlets (e.g., Ahnaf Trading, Amari Holdings) to extend deposits, withdrawals, and account services into rural and unbanked areas.
• International Banking (Remittance, Trade Finance, Investment) Cross-border banking services including inward and outward remittances, letters of credit, guarantees, and import/export trade finance for NRB customers and corporate clients.
• GoFast Internet Banking Self-serve internet banking platform at ibs.globalislamibankbd.com for retail and corporate users covering account monitoring, statements, intra-bank and inter-bank fund transfers, and bill payments.
• GoFast Mobile App Mobile banking application delivering GoFast services for on-the-go account access, fund transfers, and bill payments.
• 24x7 Call Center Round-the-clock call center (16671 / +8809617176037) handling account inquiries, card services, and general banking support.

Quantifiable outcome

• Depositors of the 5 merged banks (including Global Islami Bank) are being refunded through a structured withdrawal scheme — initial Tk 2 lakh followed by Tk 1 lakh every 3 months from the Deposit Insurance Fund, affecting approximately 78 lakh depositors

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature6 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• Amari Holdings Ltd.minorChannel Partner/ Reseller/ Distributor · 1 October 2020NRB Global Bank signed an agent banking agreement with Amari Holdings Ltd. on October 18, 2020 for extending banking services to unbanked populations through agent outlets.
• Messers Ahnaf TradingminorChannel Partner/ Reseller/ Distributor · 1 October 2020NRB Global Bank signed a partnership agreement with Messers Ahnaf Trading on October 1, 2020 for the launch of agent banking services.
• Biman Bangladesh AirlinesminorGTM or Marketing Partner · 8 July 2019NRB Global Bank offered discount deals with Biman Bangladesh Airlines for cardholders, providing travel discounts on flights operated by the national carrier.
• Biman Bangladesh AirlinesminorGTM or Marketing Partner · 2 July 2019NRB Global Bank signed an agreement with Biman Bangladesh Airlines under Biman Holidays on July 2, 2019. NRB Global Bank cardholders enjoy special benefits and discounts on purchase of air tickets and holiday packages from Biman Holidays.
• Titas Gas Transmission & Distribution Company Ltd.minorStrategic or Co-development Partner · 19 August 2018NRB Global Bank signed an MoU with Titas Gas on August 19, 2018 for bill collection services. NRB Global Bank collects gas bills from Titas Gas customers through all its branches using the latest technologies and best available services. Signing witnessed by Managing Director Syed Habib Hasnat and GM-Administration of Titas Gas.
• Bangladesh BankcoreOthersBangladesh Bank is the central bank and regulatory authority overseeing Global Islami Bank. Bangladesh Bank dissolved the boards of five troubled Islamic banks including Global Islami Bank and appointed administrators in November 2025, initiating the merger into Sammilito Islami Bank.
• Global Airport Assisting Services LimitedminorGTM or Marketing PartnerGlobal Islami Bank signed an agreement with Global Airport Assisting Services Limited to provide complimentary airport protocol services (luggage handling, check-in formalities) to GIB Platinum Credit Cardholders at Hazrat Shahjalal International Airport for international route passengers.
• United Certification Services Limited (UNICERT)minorOthersUNICERT awarded Global Islami Bank the ISO/IEC 27001:2013 certification for its Information Security Management System. UNICERT's Asia Director and Imperial Committee Chairman participated in the certification ceremony.
• Bangladesh Association of Bankers (BAB)minorOthersBangladesh Association of Bankers (BAB) facilitated the Tk 1 crore donation by Global Islami Bank to the Prime Minister's housing project. BAB Chairman Md. Nazrul Islam Mazumder and other bank chairmen and executives participated in the ceremony.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Shahjalal Islami Bank Limited: Mid-sized Bangladeshi Islamic bank offering Shariah-compliant retail, SME, and corporate banking. Direct competitor with similar branch-based distribution and Mudaraba/Bai-Muajjal product offerings in the same geographic market.
• Islami Bank Bangladesh Limited: Bangladesh's largest Shariah-compliant Islamic bank offering similar Mudaraba-based deposits, Bai-Muajjal financing, and retail/SME banking. Most directly comparable as a full-service Islamic bank in the same domestic market, but at significantly larger scale and without the distress that affected Global Islami Bank.
• Al-Arafah Islami Bank Limited: Bangladeshi Shariah-compliant Islamic bank providing retail deposits, investment products, and SME financing under Mudaraba, Bai-Muajjal, and HPSM structures. Direct peer offering the same Islamic product suite to similar retail, SME, and corporate customers in Bangladesh.
• ICB Islamic Bank Limited: Bangladeshi Shariah-based bank offering Islamic deposit and investment products to retail and corporate customers. Comparable as a smaller Islamic bank competitor operating with similar Shariah governance and product structures in the same market.
• First Security Islami Bank Limited: One of the five troubled Islamic banks merged alongside Global Islami Bank into Sammilito Islami Bank. Provides identical Shariah-compliant retail and corporate banking products and was resolved through the same merger process.
• Social Islami Bank Limited: Another of the five Islamic banks merged into Sammilito Islami Bank alongside Global Islami Bank. Direct peer offering Mudaraba deposits and Bai-Muajjal financing that was resolved through the same regulatory intervention.
• EXIM Bank Bangladesh: One of the five banks merged into Sammilito Islami Bank with Global Islami Bank. Comparable as a Bangladeshi commercial bank that was part of the same troubled-bank resolution and offered similar deposit and financing products.
• Union Bank PLC (Bangladesh): Another of the five banks merged alongside Global Islami Bank into Sammilito Islami Bank. Direct peer in scale and product mix that underwent the same Bangladesh Bank-led resolution.

Broad incumbents

• Dutch-Bangla Bank Limited: One of Bangladesh's largest commercial banks that participated in Global Islami Bank's 2024 funding round. While primarily conventional, it competes for the same retail and SME banking customers and provides a benchmark for branch-based banking scale in Bangladesh.
• Mutual Trust Bank Limited: Bangladeshi commercial bank that also participated in Global Islami Bank's 2024 funding round. Comparable as a mid-sized commercial bank offering retail deposits and SME financing in the same market, though operating under conventional banking rather than Shariah principles.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/globalislamibankbd
• LinkedInlinkedin.com/company/globalislamibankbd

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Global Islami Bank