EXIM Bank

What EXIM Bank does

Export Import Bank of Bangladesh PLC (EXIM Bank) was a Shariah-compliant Islamic bank incorporated in 1999 and headquartered at Gulshan, Dhaka, serving retail customers, corporate entities, CMSME businesses, and the agricultural sector through Mudaraba-based deposit products, Islamic investment products (Murabaha, Bai-Muajjal, Bai-Salam, Istisna, Ijara), trade finance services (Letters of Credit, export/import financing, back-to-back LCs), and international remittance distribution. The bank operated on a Core Banking Solution (CBS) platform with multi-channel delivery including branches, ATMs, POS terminals, agent banking, AISER internet banking, EXIM Cash mobile application, SMS banking, and a 24/7 call center serving approximately 7.8 million depositors.

The business model combined deposit-taking under Mudaraba and Wakala arrangements with Shariah-compliant financing modes, generating revenue through profit-sharing margins on financing plus fee-based income from trade finance transactions, remittance commissions via partnerships with Western Union, MoneyGram, RIA, Xpress Money, and others, card interchange (Islamic VISA, debit, prepaid cards including Hajj and travel variants), and digital banking subscriptions. Five wholly-owned subsidiaries supported international and adjacent operations: Exim Exchange Company (UK) Ltd for UK-Bangladesh remittance flows, EXIM Islami Investment Ltd merchant bank, EXIM Finance (Hong Kong) Limited, plus EXIM Bank Training and Research Academy and EXIM Bank Agricultural University Bangladesh as institutional units.

Following severe financial distress driven by capital flight and high non-performing loans, Bangladesh Bank dissolved EXIM Bank's board in November 2025 and declared the bank nonviable. Effective January 1, 2026, EXIM Bank was merged with four other Shariah-based banks (First Security Islami Bank, Global Islami Bank, Union Bank, and Social Islami Bank) to form Sammilito Islami Bank PLC, a state-controlled entity starting with Tk 35,000 crore in paid-up capital (Tk 20,000 crore from the Government of Bangladesh and Tk 15,000 crore from depositor funds). The combined entity held approximately Tk 142,000 crore in deposits and received Tk 75,903.11 crore in liquidity assistance from Bangladesh Bank under the Bank Resolution Act 2026.

Name

EXIM Bank

Legal name

Export Import Bank of Bangladesh PLC.

Website

https://www.eximbankbd.com

Company type

Private

Founded year

1999

Operating status

Acquired

Headcount range

1,001–5,000 employees

Short description

EXIM Bank was a Shariah-compliant Islamic bank in Bangladesh offering Mudaraba deposits, Islamic trade finance, and international remittance services to retail, corporate, CMSME, agricultural, and diaspora customers before its forced merger into Sammilito Islami Bank PLC in 2026.

Ownership category

akta.pro rank

Product category

Islamic Commercial Banking

NAICS

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

SIC

State Commercial Banks (6022)

akta.pro primary industry

Islamic SME & Commercial Banking (FSABAGAB)

akta.pro secondary industries

Islamic Retail Banking (FSABAGAA), Islamic Trade Finance & Supply Chain (Shariah-compliant) (FSABAGAE), Islamic Transaction Banking (Cash Management & Treasury Services) (FSABAGAF), Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH)

Keywords

• Islamic banking services
• Retail banking
• Corporate banking
• Trade finance
• International remittance

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Deposit Taking and Lending: EXIM Bank operates as a Shariah-compliant Islamic bank, accepting deposits under Mudaraba and Wakala arrangements and providing financing through various Islamic modes including Murabaha, Bai-Muajjal, Bai-Salam, Istisna, and Ijara. The bank earns profit margins on financing activities and distributes profits to depositors based on Islamic principles.
2. Trade Finance Services: The bank generates fees and charges from trade finance operations including Letters of Credit (import/export), shipping guarantees, back-to-back LCs, EDF financing, and foreign exchange services.
3. Remittance Services: Foreign remittance services through partnerships with Western Union, MoneyGram, RIA, Xpress Money, and proprietary exchange houses in the UK. The bank earns commission on inward and outward remittances.
4. Card Services: Islamic Visa Cards, Debit Cards, Prepaid Cards (Hajj, Travel, Remittance, Gift), generating interchange fees and annual charges.
5. Digital Banking Services: Fees from internet banking fund transfers, SMS banking subscriptions, and mobile banking transactions.
6. Locker Services: Safety deposit locker rental services generating recurring rental income.

Pricing tiers

Go-to-market motion1 record

Distribution channels9 records

Marketing channels6 records

Core offering

EXIM Bank (Export Import Bank of Bangladesh PLC) is a Shariah-compliant Islamic bank offering Mudaraba-based deposit products, Islamic investment/financing products (Murabaha, Bai-Muajjal, Bai-Salam, Istisna, Ijara), letters of credit and trade finance, foreign exchange, international remittance, debit/prepaid/Islamic Visa cards, and digital banking channels including AISER internet banking, mobile banking, and SMS banking for retail, corporate, CMSME, and agricultural customers in Bangladesh.

Product overview

EXIM Bank (Export Import Bank of Bangladesh PLC) is a Shariah-compliant Islamic bank offering a comprehensive suite of banking products and services. The bank operates a platform-plus-modules architecture comprising core banking services (deposits, investments, trade finance) supplemented by digital banking channels (AISER internet banking, SMS banking, mobile banking, ATM/POS networks, call center), specialized SME and agricultural banking products, and multiple subsidiaries for remittance, merchant banking, and financial services. The product portfolio includes over 30 deposit schemes based on Mudaraba principles, Islamic investment products (Bai-Murabaha, Bai-Muajjal, Izara), trade finance services (letters of credit, export/import financing), card products (Islamic VISA, debit, prepaid), and digital services. The bank maintains correspondent banking relationships through SWIFT and partner integrations with global remittance providers including Western Union, MoneyGram, and RIA for international money transfers.

Differentiator

Problem solved

Functional benefit

Brands

• AISER: Internet Banking service platform provided by EXIM Bank Bangladesh
• EXIM Cash
• EXIM Wallet

Products and services

• Mudaraba Savings Deposit Shariah-compliant savings deposit product based on Mudaraba profit-sharing arrangement, offered to retail customers under Bangladesh Bank oversight.
• Mudaraba Term Deposit Receipt Fixed-term deposit product offering returns under Islamic banking principles for retail and corporate depositors.
• Mudaraba Monthly Savings Scheme Monthly savings scheme with regular profit distributions to retail customers under Mudaraba arrangement.
• Mudaraba Hajj Deposit Scheme Specialized savings scheme designed to help retail customers accumulate funds for Hajj pilgrimage, operated under Mudaraba Islamic principles.
• EXIM Student Saver Savings account designed for students with specialized features under the bank's retail banking portfolio.
• Bai-Murabaha Trade Finance Islamic trade financing product based on cost-plus-profit arrangement used for import and export transactions by corporate clients.
• Bai-Muajjal Trade Finance Deferred payment Islamic financing product for business transactions under Islamic principles, including agriculture financing.
• Izara Bill Baia Lease Financing Islamic lease financing product for machinery, transport, housing, and other assets under Ijara principles.
• Letter of Credit (LC) Sight and usance letter of credit services for import and export transactions offered to corporate clients.
• Export Finance Pre-shipment and post-shipment export financing services for corporate customers engaged in international trade.
• Import Finance Import financing including post-import and LC confirmation services for corporate customers.
• Back-to-Back LC Linked LC structure for export-oriented industries using imported inputs, offered to corporate clients.
• Foreign Exchange Services Foreign exchange services with SWIFT connectivity and Standard Settlement Instructions across multiple currencies (USD, EUR, GBP, JPY, CHF, CNY, HKD, SAR, CAD).
• Correspondent Banking International correspondent banking relationships facilitating cross-border transactions with major banks worldwide including Standard Chartered, ICICI Bank, JPMorgan Chase, Wells Fargo, and CITI Bank.
• Offshore Banking Unit (OBU) Offshore banking unit providing international banking services and foreign currency operations for corporate clients.
• EXIM Uddyog (SME Banking) SME-focused banking product supporting small and medium enterprises with financing and business services under CMSME banking.
• EXIM Abalamban (SME Banking) SME development and support banking product offered to small and medium enterprises including women entrepreneurs.
• EXIM Durodorshini (SME Banking) SME banking product designed for enterprise development support of small businesses.
• EXIM Kishan (Agri Banking) Agricultural banking product supporting farmers and rural financing needs through Bai-Muajjal arrangements.
• EXIM Farmer (Agri Banking)

Quantifiable outcome

• Serving 78 lakh (7.8 million) depositors through merged Sammilito Islami Bank entity
• +1 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

Feature3 records

Partnerships

13 partnerships are on record, tiered core, major and supporting.

• Exim Exchange Company (UK) Ltd.coreChannel Partner/ Reseller/ DistributorWholly-owned subsidiary of EXIM Bank operating in the United Kingdom as a money service business and exchange house, facilitating remittance flows between UK and Bangladesh.
• EXIM Islami Investment Ltd. (Merchant Bank)coreOthersWholly-owned subsidiary operating as a merchant banking arm, providing investment banking and capital market services aligned with Shariah principles.
• EXIM Finance (Hong Kong) LimitedcoreOthersWholly-owned subsidiary in Hong Kong operating as an offshore financial entity supporting international trade and investment activities.
• Western UnioncoreChannel Partner/ Reseller/ DistributorGlobal money transfer partnership enabling customers to receive international remittances in Bangladesh through Western Union's worldwide network.
• MoneyGramcoreChannel Partner/ Reseller/ DistributorInternational money transfer partnership for cross-border remittance services to Bangladesh.
• RIA Money TransfermajorChannel Partner/ Reseller/ DistributorPartnership with RIA Money Transfer for international remittance services.
• Xpress Money Transfer ServicemajorChannel Partner/ Reseller/ DistributorPartnership with Xpress Money for global money transfer services.
• Zenj Exchange Co. W.L.L.supportingChannel Partner/ Reseller/ DistributorRegional remittance partner in the Middle East for Bangladesh-bound remittances.
• International Money Express (iRemit)supportingChannel Partner/ Reseller/ DistributorPartnership for international money transfer services.
• Aftab Currency Exchange LimitedsupportingChannel Partner/ Reseller/ DistributorRemittance partner for processing international money transfers.
• BRAC Saajan (UK)supportingChannel Partner/ Reseller/ DistributorPartnership with BRAC's UK-based exchange service for diaspora remittances.
• Prabhu Money TransfersupportingChannel Partner/ Reseller/ DistributorInternational money transfer partnership serving South Asian diaspora markets.
• Correspondent Banks (Global Network)coreChannel Partner/ Reseller/ DistributorCorrespondent banking relationships with major banks worldwide including Standard Chartered, ICICI Bank, MashreqBank, JPMorgan Chase, Wells Fargo, CITI Bank, and others for international trade settlement in multiple currencies (USD, EUR, GBP, JPY, CHF, CNY, HKD, SAR, CAD).

Scale indicators6 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• Bank Islam Malaysia Berhad: Malaysia's flagship Islamic commercial bank offering a full range of Shariah-compliant retail, SME, corporate, and trade finance products — comparable in Islamic banking operations and regulatory framework.
• BRAC Bank PLC: Major Bangladesh private commercial bank with strong SME, retail, and digital banking franchise; comparable in customer segments served and Bangladesh distribution scale, though operates on conventional rather than Shariah-compliant principles.
• Dutch-Bangla Bank PLC: Large Bangladesh commercial bank with broad retail, SME, and corporate reach including agent banking and digital channels — comparable in scale and Bangladesh distribution footprint though conventional rather than Islamic.

Emerging players

• Meezan Bank: Pakistan's leading Islamic bank offering Shariah-compliant retail, corporate, and trade finance — comparable in Islamic banking model and product philosophy though operating in a different geography.

Direct peers

• First Security Islami Bank PLC: Bangladesh Shariah-compliant Islamic bank merged alongside EXIM into Sammilito Islami Bank in 2026; directly comparable in Islamic product suite and current consolidation path.
• Social Islami Bank PLC: Former peer Shariah-based bank in Bangladesh that, like EXIM, was merged into Sammilito Islami Bank in 2026 due to financial distress — directly comparable in operating model and post-resolution trajectory.
• Al-Arafah Islami Bank PLC: Bangladesh-based Shariah-compliant Islamic commercial bank offering retail, SME, and corporate banking with Mudaraba deposits and Islamic investment products — a direct peer in product mix and regulatory framework.
• Shahjalal Islami Bank PLC: Bangladesh Shariah-compliant Islamic commercial bank offering retail, corporate, and trade finance services with similar Shariah governance structure and product portfolio, making it a comparable peer.
• Islami Bank Bangladesh PLC: The largest Shariah-compliant Islamic bank in Bangladesh, directly comparable to EXIM Bank as both operate full-service Islamic retail, corporate, and trade finance under Bangladesh Bank supervision with Mudaraba-based deposits and Islamic financing modes.
• ICB Islamic Bank PLC: Bangladesh-based Islamic bank offering Shariah-compliant retail and corporate banking; smaller in scale but directly comparable in operating model, deposit products, and Islamic financing instruments.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• Xx.com/eximbankbd
• Facebookfacebook.com/eximbankltd
• LinkedInlinkedin.com/company/export-import-bank-of-bangladesh-limited

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries5 records

Funding overview

Funding rounds1 record

Investors1 record

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 EXIM Bank