BM Desk:

Islami Bank Bangladesh PLC has set a new milestone by collecting foreign remittances worth $700 million in January 2024, reads a press release on Thursday. 

Islami Bank’s market share is around 35 percent of the country’s total remittances and more than 50 percent of Islamic Banking industry in January.

Islami Bank has retained the top position in remittance collection for the last 16 years. The Bank has added 12.5 Billion USD in the reserve of the country after meeting its all import expenses which plays a vital role in the economy.

Islami Bank always prioritizes remittance collection and expatriate services. At present 29 representatives of the Bank are working in Saudi Arabia, United Arab Emirates, Qatar, Oman, Jordan and Singapore are providing services to the expatriates. 

Most of our expatriates work in the Middle East countries. Earlier, the expatriates used to take illegal ways as there was no easy, safe and fast way to send money from these countries to Bangladesh. Islami Bank regularly encourages people to send money through legal channels by arranging special campaigns.