ICB Islamic Bank

What ICB Islamic Bank does

ICB Islamic Bank is a private, for-profit Shariah-compliant bank headquartered in Dhaka, Bangladesh, founded in 1987. The bank provides banking services structured to comply with Islamic (Shariah) law, operating within Bangladesh's regulated Islamic banking segment, which mandates prohibition of interest (riba) and adherence to profit-and-loss sharing instruments.

The company's operating footprint is concentrated in South Asia, with no disclosed expansion beyond Bangladesh. The website (icbislamic-bd.com) is accessible but does not present substantive product, branch, or service information — it displays a verification/loading screen — and no product catalog, technology stack, digital channels, partnerships, management team, or certifications are documented in available sources. There are no disclosures of mobile apps, API platforms, or customer-facing digital infrastructure.

Reported financials indicate severe and sustained distress: operating income and net income are negative in every year from 2020 through 2024, with the 2024 net loss substantially larger than 2020 (reported figures are denominated in local currency units and the magnitude suggests the data should be treated cautiously and cross-validated before use in valuation). No funding rounds, M&A activity, strategic partnerships, or capital injections are documented. In the absence of disclosed revenue, headcount, customer base, or strategic actions, the bank appears to be in a defensive posture focused on sustaining its license rather than offensive growth.

Name

ICB Islamic Bank

Website

https://icbislamic-bd.com

Company type

Private

Founded year

1987

Operating status

Operating

Short description

ICB Islamic Bank is a private, Shariah-compliant commercial bank headquartered in Dhaka, Bangladesh, founded in 1987, serving retail and corporate customers with Islamic banking products in the Bangladeshi market.

Ownership category

akta.pro rank

Product category

Islamic Banking

NAICS

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

SIC

Functions Related To Depository Banking, Nec (6099)

akta.pro primary industry

Islamic SME & Commercial Banking (FSABAGAB)

akta.pro secondary industries

Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH), Islamic Deposit & Account Products (Current/Savings/Investment Accounts) (FSABAGAI), Shariah Governance, Compliance & Advisory (Shariah Boards, Audit, Fatwa) (FSABAGAJ)

Keywords

• Islamic banking services
• Shariah-compliant finance
• Retail banking
• Corporate banking
• Investment banking

Headquarters

HQ city

Dhaka

HQ country

Bangladesh

HQ region

Asia

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D

Core offering

ICB Islamic Bank is a Bangladesh-based private bank that provides banking services in compliance with Shariah laws. It offers Shariah-compliant retail and corporate banking products, operating from its base in Dhaka, Bangladesh.

Differentiator

Problem solved

Functional benefit

Products and services

• Islamic Banking Services

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves1 record

Expansion highlights2 records

Direct peers

• Islami Bank Bangladesh Limited: The largest Islamic bank in Bangladesh, offering Shariah-compliant retail, SME, and corporate banking. Directly comparable as a Bangladesh-based, full-service Islamic commercial bank serving the same customer base as ICB Islamic Bank.
• Al-Arafah Islami Bank: Bangladesh-based Shariah-compliant bank providing deposit, financing, and investment products. Directly competes with ICB Islamic Bank in the domestic Islamic retail and SME segments.
• Social Islami Bank Limited: Mid-sized Bangladeshi Islamic bank with a comparable retail and SME deposit/financing book. Operates in the same regulatory environment and targets overlapping Shariah-compliant customers.
• First Security Islami Bank Limited: Bangladesh-headquartered Shariah-based commercial bank offering deposit accounts, Murabaha/Ijara financing, and trade services. Directly comparable in product scope and customer segment.
• Shahjalal Islami Bank Limited: Bangladesh-based Islamic commercial bank with similar product mix and customer profile. Closely comparable as a peer-tier domestic Islamic bank competing for the same deposit and financing pools.

Emerging players

• Global Islami Bank: Newer Bangladesh Islamic bank with a narrower branch footprint but overlapping Shariah-compliant retail and SME offerings. Comparable as a fellow niche Islamic competitor in Bangladesh.

Regional players

• EXIM Bank Bangladesh: Bangladesh-based commercial bank with Islamic banking windows/products. Operates in the same market and partially overlaps in Shariah-compliant financing, but its core franchise is conventional.

Broad incumbents

• Bank Islam Malaysia Berhad: One of the largest fully-Shariah-compliant banks in Southeast Asia. Comparable as an established Islamic commercial bank, though operating in a different geography with a more mature product set.
• Kuwait Finance House: Major Gulf-based Islamic bank offering full Shariah-compliant retail, corporate, and investment banking. Comparable as a large, established Islamic banking franchise operating under similar Shariah governance principles.
• Maybank Islamic Berhad: Shariah-compliant banking arm of Maybank, one of Southeast Asia's largest banking groups. Comparable as a scaled Islamic banking window/franchise operating under analogous Shariah governance and product architecture.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat3 records

Key risks4 records

Key highlights3 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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 ICB Islamic Bank