Corporate Information of Islami Bank Bangladesh Limited

Corporate Information of Islami Bank Bangladesh Limited

Financial Information: [ As on: 31 December 2013 ]

BDT (Tk.) US Dollar ($) Authorized Capital 20,000.00 Million 257.23 Million paid-up Capital 14,636.28 Million 188.25 Million Equity 45,511.90 Million 385.36 Million Reserve Fund 29,149.01Million 374.91 million Deposits 473,140.96 Million 6,085.41 Million Investment (including Investment in Shares) 474,015.95 Million 6,096.67 Million Foreign Exchange Business BDT (Tk.) US Dollar ($) Import 285,890 Million 3,677.04 Million Export 205,269 Million 2,640.12 Million Remittance 286,956 Million 3,690.75 Million

Organizational Information:

Chairman, Board of Director Prof. Abu Nasser Muhammad Abduz Zaher Managing Director & CEO Mohammad Abdul Mannan Company Secretary Abu Reza Md. Yeahia CFO  Mohammad Nesar Uddin, FCA, ACMA Number of Zones 15 Number of Branches 286 Number of AD Branches 48 Number of ATM Booth 298 Number of Shareholders 33,686 Number of Manpower 11,381

List of Governors of SAARC Central Banks

List of Governors of SAARC Central Banks 

	Name	Country	Institution and Address	Telephone No.	Fax No.	E-mail
1	Mr. Abdul Qadeer Fitrat	Afghanistan	Governor, Da Afghanistan Bank Ibn-e-Sina Watt, Kabul Afghanistan	0093(0)202100301 (Digital) 0093(0)70276741 (Mobile)	0093(0)202100305	Delawari1@aol.com
2	Dr. Atiur Rahman	Bangladesh	Governor Bangladesh Bank Head Office Motijheel, Dhaka-1000	880-2-7120106	880-2- 9566212	governor@bangla.net
3	Mr. Daw Tenzin	Bhutan	Governor Royal Monetary Authority of Bhutan Chhophel Lam, Kawajangsa, Thimphu	975-2-323110	975-2- 322847	governor@rma.org.bt
4	Dr. Duvvuri Subbaroa	India	Governor Reserve Bank of India Central office Building Shahid Bhagat Singh Marg Mumbai-400 001	91-22-22660868 91-22-22661872 91-22-22682644	91-22-22661784	rbigovr@bom3.vsnl.net.in
5	Mr. Fazeel Najeeb	Maldives	Governor Maldives Monetary Authority Umar Shopping Arcade Chaandhanee Magu Male 20156	960-3325058 960-7940011	960-3323862	governor@mma.gov.mv mail@mma.gov.mv
6	Dr. Yubaraj Khatiwada	Nepal	Governor Nepal Rastra Bank Central Office Baluwatar, Kathmandu	977-1-4410386	977-1-4410159	ofg@nrb.org.np
7	Dr. Shamshad Akhtar	Pakistan	Governor State Bank of Pakistan Main Building I.I. Chundrigar Road Karachi-74000	92-21-9212447 92-21-9212448	92-21-9212446	shamshad.akhtar@sbp.org.pk governor.office@sbp.org.pk
8	Mr. Ajith Nivard Cabraal	Sri Lanka	Governor Central Bank of Sri Lanka Level 12, No. 30, Janadhipathi Mawatha, Colombo 01	94-11-2477477 94-11-2477577	94-11-2477677	governor@cbsl.lk

When to Use and When to Avoid Cash Loans

When to Use and When to Avoid Cash Loans

By Celine Potrov  |   Submitted On August 03, 2014
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It can be quite difficult to decide on the right financial solution especially if you are in an emergency situation. The cash loans can be a great choice given that they are super quick and easy to get. Indeed, they can be quite useful in many situations. However, in some cases they may make things worse. Use some practical information and advice which will help you to use these credit products effectively without falling into traps.

Understanding Cash Loans

You need to have a precise idea of how these credit products work in order to be able to utilise them effectively. You can borrow small amounts within the range from $100 to $1,000. The interest rate is charged daily instead of weekly or monthly. This is the main reason why these loans have very short terms, usually between one and six months.

In order to qualify, you need to earn a sufficiently high employment income to repay the amount which you will borrow. The whole application process takes place online while the approval typically takes just a few hours. The cash can be in your bank account overnight.

Effective Use

The cash loans are designed for resolving financial emergencies and this is what they should be used for. You can use such a financial product to pay for repairing your car when it breaks down in the middle of the month or for making urgent home repairs. Similarly, you can use such a loan when you need to pay an unexpected dental or tax bill. You can also finance the replacement of an important home appliance.

Basically, these are one-off solutions. You will have to set aside a portion of your income for one or several months in order to pay back what you owe, but your obligation will end quickly and you will enjoy perfect financial freedom once again. You will not have to remain a borrower for years.

There are some cases in which cash loans are certainly not helpful solutions. If you spend more than you earn every month and you have difficulties with managing your budget almost all the time, such a credit product will not resolve the problem. You need to find a way to earn extra income and to cut your spending as much as possible.

These loans are not suitable for repaying existing debt either as you will most certainly end up owing more without having extra income to pay. For resolving this type of problem, you should consider a consolidation loan or debt management.

When you use cash loans appropriately, you will benefit greatly from them and stay out of financial trouble.