1. First Security Islami Bank Ltd.
FAYSAL AHMED

2. Introduction:
First security Islami Bank Ltd. is the unique modern Islami Bank in Bangladesh. It runs all the activity of this bank, with Islamic financial system. It makes significant contribution to the national economy and enhances customer’s trust and wealth, quality investment, employee’s value and rapid growth in shareholder’s equity.

3. History:
First Security Islami Bank Ltd. is a Bangladeshi Ownership bank. It was incorporated as a limited company in Bangladesh on August, as a banking company under Companies Act It received clearance from Bangladesh Bank (The Central Bank of Bangladesh) on 22 September, 1999.

4. History:
The bank started functioning as a commercial bank from its first branch on 25 October, The First Security Islami Bank Ltd. started its journey with a vision to develop itself as a modern Islami bank and to make effective contribution in national economy. The Bank offers a wide range of banking services through its 119 branches in the country.

5. Products & services: BROCHURES: # Projonmo, # Waqfa, #Ghoroni,
There are so many packages of brochures of this bank, which jare basically different types of modern saving account (flowed Mudaraba). There are-
# Projonmo, # Waqfa, #Ghoroni,
# Uddipon, # Arba, # Suvaccha,
# Agroshor, # Bondhon, # Swadesh,
# Alo, # Proyash, # Mmds,
# Mmps, # Morjadda, # Niramoy,

6. Products & services: DEPOSIT SCHEMES: # Al-Wadiah Current Deposit,
In the deposit schemes of this bank they provide savings and current deposit system for their customer. Their deposit schemes packages are mention below.
# Al-Wadiah Current Deposit,
# Mudarabah Savings Deposit,
# Mudarabah Short Term Deposit,
# Foreign Currency Deposit.

7. Products & services: INVESTMENT SCHEMES: ONLINE BANKING:
In their Investment schemes they are give lone and invest in various sectors of the business world by the flow Islamic financial rules.
ONLINE BANKING:
FSIBL has set up Wide Area Network through Radio, Fibre-Optics & other available communication modes. 

8. Products & services: SMS BANKING: MOBILE BANKING:
It is just a modern system of account controlling by customer with SMS, which system are involved in current account of this bank.
MOBILE BANKING:
Mobile banking is a system that allows customers to conduct a number of financial transactions through a mobile Phone. SureCash is the name of their mobile banking.

9. Products & services: SMS BANKING: MOBILE BANKING:
It is just a modern system of account controlling by customer with SMS, which system are involved in current account of this bank.
MOBILE BANKING:
Mobile banking is a system that allows customers to conduct a number of financial transactions through a mobile Phone. SureCash is the name of their mobile banking.

10. Products & services: SMS BANKING: MOBILE BANKING:
It is just a modern system of account controlling by customer with SMS, which system are involved in current account of this bank.
MOBILE BANKING:
Mobile banking is a system that allows customers to conduct a number of financial transactions through a mobile Phone. SureCash is the name of their mobile banking.

11. Policies: BAI-MURABAHA:
“Bai-Murabaha" means sale for an agreed upon profit. Bai-Murabaha may be defined as a contract between a buyer and a seller under which the seller sells certain specific goods permissible under Islamic Shariah and the Law of the land to the buyer at a cost plus an agreed upon profit payable today or on some date in the future in lump-sum or by installments.

12. Policies:
MUSHARAKA:
The word Musharaka is derived from the Arabic word Sharikah meaning partnership. Islamic jurists point out that the legality and permissibility of Musharaka is based on the injunctions of the Qura'n, Sunnah, and Ijma (consensus) of the scholars.  It may be noted that Islamic banks are inclined to use various forms of Shariakt-al-Inan because of its built-in flexibility. At an Islamic bank, a typical Musharaka transaction may be conducted in the following manner.

13. Policies: MUDARABA ACCOUNT:
Islamic banks also receive term deposit from their clients. The term deposit is, of course, altogether different from that of the interest-based banks. Fixed term deposits received by Islamic banks are called "Term Mudaraba Deposits".  The bank invests the money, and shares any profits with the depositor based upon a percentage agreed upon at the time of contract. In the event a loss in incurred, depositors share the loss in proportion to the deposit in their account.

14. Policies: AL-WADIAH ACCOUNT:
This account is similar to the demand deposit account of interest-based banks. The term Al-Wadiah means deposit of money allowing somebody to claim the funds in the account. The bank as trustee preserves and safe keeps the funds deposited. Thus, depositors feel safe keeping their money with the bank because the bank provides assurance of returning their money on demand.

15. Conclusion:
First Security Islami Bank Limited is really a Islamic bank and modern bank also. It provides their all of activities with Islamic financial system. For example- Mudaraba Account, Al-Wadiah Account etc. The do not give interest But divides/shares profits and losses. In a Islamic country this types bank is so needed all time.