What does FSIBL mean in BANKING
FSIBL stands for First Security Islami Bank Limited which is a leading private bank in Bangladesh. It is amongst the largest banks in the country and offers a wide range of products and services to its customers. The bank has an extensive network across the country with operations in major cities, like Dhaka, Chittagong, Sylhet, Mymensingh and Rajshahi. FSIBL was established by renowned economist and banker Dr. Syed Muhith as a private commercial bank in 2001 for providing Sharia compliant banking services to its customers.
FSIBL meaning in Banking in Business
FSIBL mostly used in an acronym Banking in Category Business that means First Security Islami Bank Limited
Shorthand: FSIBL,
Full Form: First Security Islami Bank Limited
For more information of "First Security Islami Bank Limited", see the section below.
FSIBL Meaning & History
FSIBL means First Security Islami Bank Limited which is a leading Islamic private sector commercial bank in Bangladesh established in 2001. It was founded by renowned economist and banker Dr. Syed Muhith with the aim of providing Shariah compliant banking services for individuals, businesses and organizations. The bank has since then rapidly expanded its customer base and reach and now serves more than 2 million customers across the country through its network of over 190 branches, 6 Islamic banking branches, 8 representative offices, 5 ATM booths and 4 SME Service Centers spread across various regions of Bangladesh.
Services Offered by FSIBL
FSIBL's Banking Services cover everything from Savings Accounts & Deposits to Investment Products & Loans to Remittance & Trade Finance services. They provide Deposit Products such as current accounts, savings accounts, fixed deposits etc; Investment products such as mutual funds, equity-based investments, term finance certificates; and Loan products such as house construction/renovation loan etc. An e-Banking platform has recently been launched by FSIBL that allows customers to access their accounts securely through personal computers or mobile phones over the internet anytime and anywhere in the world.
Benefits of FSIBL
The Bank provides hassle free banking services along with high returns on deposits while adhering to strict Islamic principles governing transactions and investments (Such as Riba prohibition). Also they ensure complete safety of customer’s money through well-structured deposit insurance system backed up by central Bank’s core capital reserve fund so that customers can rest assured about their funds even during times of crisis or economic uncertainty. Additionally they have excellent customer support service system wherein complaints are handled efficiently by qualified personnel at all times enabling quick resolution of disputes if any arise between client & banker relationship ensuring quality service delivery every time.
Essential Questions and Answers on First Security Islami Bank Limited in "BUSINESS»BANKING"
What is First Security Islami Bank Limited?
First Security Islami Bank Limited (FSIBL) is a leading provider of Islamic banking and finance services in Bangladesh. FSIBL offers innovative products and services that enable customers to meet their financial needs according to Islamic values and principles.
How can I open an account with First Security Islami Bank Limited?
To open an account with FSIBL, you will need to submit documents such as a photo ID, proof of address, and supporting documentation as specified by the bank for your desired type of account. You can visit any branch of FSIBL, or contact customer care at 02-9339450/123/152 for more information.
What types of accounts does FSIBL offer?
FSIBL offers a range of savings, current, term deposits and other investment accounts that are tailored to the customer's needs. Deposit accounts come with options for multiple currencies including US Dollar, Pound Sterling and Euro.
Can I use my debit card issued by First Security Islami Bank Limited abroad?
Yes, debit cards issued by FSIBL are valid for use abroad in countries where VISA cards are accepted. However please make sure you check the details about the applicable fees before using your card.
Does First Security Islami Bank Limited have online banking services?
Yes, FSIBL’s ‘FirstNet Services’ offers customers secure online access to their bank accounts and transactions. Customers can view their account balance, pay bills online or transfer funds through this service 24/7 from anywhere in the world using a computer or mobile device connected to the internet.
Does First Security Islami Bank offer loan facilities?
Yes, FSIBL provides financing solutions for both individuals and businesses through its personal loans and SME finance programs respectively. Further information may be obtained by contacting our customer service center at 02-9339450/123/152 or visiting any local branch of FSIBL.
Does First Security Islami Bank provide credit cards?
Yes, FSIBL provides Visa Platinum Credit Card which gives customers access to exclusive benefits such as cashback on purchases made via this card in addition to providing easy payment options for traveling overseas etc. Applicants should contact customer service center at 02-9339450/123/152 or visit any local branch of FSIBL for detailed information regarding eligibility requirements needed for application approval.
Are there any fees associated with using my First Security Islamic Bank Limited debit card abroad?
Yes, there may be additional charges when using your debit card issued by FSIBL outside Bangladesh depending on various factors like destination country etc; You can inquire more about these charges from our customer service center at 02-9339450/123/152.
Is opening a fixed deposit account with First Security Islami Bank Limited safe?
Yes! Fixed deposit accounts opened with FSIBP are operationally safe as they are covered under Bangladesh government regulations including Bangladesh Banks Post Office Savings & Deposits Act 1995 (Banks Amendment Act 2002).
Final Words:
First Security Islami Bank Limited is one of the growing players in Bangladesh’s financial sector which provides modernized yet Sharia compliant banking solutions that not only meet individual customer needs but also facilitate business growth through various financing options available under it’s umbrella brand "Shahjalal". With numerous successful ventures over its couple decades long existence it surely seems set on establishing itself firmly on local economic grounds making itself an ideal choice for entrepreneurs looking for reliable Shariah Compliant Financing solutions!