{{Short description|Bangladeshi private bank}} {{Infobox company | name = Global Islami Bank PLC | logo = Logo of Global Islami Bank.svg | former_name = NRB Global Bank | type = Commercial bank | traded_as = {{Dse|GLOBALISLAMIBANK}} | industry = Banking | founded = July 25, 2013 | hq_location = Dhaka, Bangladesh | key_people = Mr. Syed Habib Hasnat (Managing Director) | products = Banking services, ATM services <br /> Consumer Banking<br /> Corporate Banking<br /> Investment Banking | website = {{URL|www.globalislamibankbd.com|Official Website}} }} '''Global Islami Bank PLC''', formerly known as '''NRB Global Bank''', is a fourth generation Bangladeshi sharia compliant private bank.<ref>{{Cite news |title=NRB Global Bank turns Global Islami Bank|url=https://news.priyo.com/e/2809582-NRB-Global-Bank-turns-Global-Islami-Bank|access-date=2022-01-01|work=Priyo|language=en}}</ref><ref>{{Cite web|title=NRB Global Bank Renamed as Global Islami Bank; Switches to Full-Fledged Shariah-Based Islamic Banking Operations|url=https://islamicmarkets.com/articles/nrb-global-bank-renamed-as-global-islami-bank-switches-to|access-date=2022-01-01|website=islamicmarkets.com|language=en}}</ref> Nizam Chowdhury is the chairperson of the Bank.<ref>{{Cite web|date=2020-12-04|title=The main characteristics of Bengalees are self reliant and hard-working|url=https://biz-usa.org/the-main-characteristics-of-bengalees-are-self-reliant-and-hard-working/|access-date=2022-01-01|website=Business America Magazine|language=en-US}}</ref><ref>{{Cite news |title=Nizam Chowdhury, Chairman of NRB Global Bank Ltd|url=http://thedailynewnation.com/news/111297/Nizam-Chowdhury,-Chairman-of-NRB-Global-Bank-Ltd,-inaugurated-its-Dakbangla-Bazar-Branch-at-Feni-recently.-Md.-Golam-Sarwar,-Additional-Managing-Director-of-the-bank,-Professor-Dr.-M-Wahiduzzaman,-Vice-Chancellor,-Noakhali-Science-and-Technology-University-and-local-elite-were-present-on-the-occasion.|access-date=1 January 2022|work=The New Nation|language=en}}</ref> Syed Habib Hasnat is the managing director of Global Islami Bank.<ref>{{Cite news |title=Global Islami Bank starts journey |url=https://www.daily-sun.com/printversion/details/527510/Global-Islami-Bank-starts-journey|access-date=1 January 2022|work=Daily Sun|language=en}}</ref>
== History == The Bank was founded as NRB Global Bank on 25 July 2013 targeting not resident Bangladeshis.<ref>{{Cite web|title=GIB Profile|url=https://www.globalislamibankbd.com/corporate-info/about-us/|access-date=1 January 2022|website=Global Islami Bank}}</ref> Bangladesh Bank provided licenses to nine banks including NRB Global Bank in 2013 on the condition that the bank will eventually list on the stock market.<ref name=":0">{{Cite web|title=Global Islami Bank to raise Tk 425 crore through IPO|url=https://businesspostbd.com/post/18315|access-date=1 January 2022|website=The Business Post|language=en}}</ref> On 14 August 2013, Md Abdul Quddus was appointed managing director of NRB Global Bank.<ref>{{Cite news |date=14 August 2013|title=NRB Global Bank gets top boss|url=https://www.thedailystar.net/news/nrb-global-bank-gets-top-boss|access-date=1 January 2022|work=The Daily Star|language=en}}</ref>
In 2015, Prashanta Kumar Halder became the managing director of the Bank.<ref>{{Cite news |date=28 July 2015|title=New MD for NRB Global Bank|url=https://www.thedailystar.net/business/new-md-nrb-global-bank-117661|access-date=1 January 2022|work=The Daily Star|language=en}}</ref>
Nizam Chowdhury, director of Diamond Life Insurance Company Limited and Kushira Power Limited, was appointed chairman of NRB Global Bank in August 2016.<ref>{{Cite news |date=24 August 2016|title=New chairman of NRB Global Bank|url=https://www.thedailystar.net/business/banking/new-chairman-nrb-global-bank-1274410|access-date=1 January 2022|work=The Daily Star|language=en}}</ref>
In April 2019, the NRB Global Bank announced its intention to change its name to Global Bank of Bangladesh due to the existence of two banks, NRB Commercial Bank Limited and NRB Bank, which included NRB in their names.<ref>{{Cite news |title=NRB Global Bank wants to change name |url=https://en.banglatribune.com/business/news/41837/NRB-Global-Bank-wants-to-change-name|access-date=1 January 2022|work=Bangla Tribune|language=en}}</ref>
In 2020, NRB Global Bank was providing both conventional and sharia compliant banking services.<ref>{{Cite news |title=NRB Global Bank opens six sub-branches|url=https://today.thefinancialexpress.com.bd/trade-market/nrb-global-bank-opens-six-sub-branches-1606063478|access-date=1 January 2022|work=The Financial Express (Bangladesh)|language=en}}</ref> In August 2020, Bangladesh Financial Intelligence Unit ordered the freezing of banks accounts of the former managing director of NRB Global Bank Proshanta Kumar Halder and his family members.<ref name=":1">{{Cite news |date=2020-08-18|title=BFIU orders freeze of NRB Global Bank ex-MD’s accounts|url=https://www.thedailystar.net/frontpage/news/bfiu-orders-freeze-nrb-global-bank-ex-mds-accounts-1946797|access-date=2022-01-01|work=The Daily Star|language=en}}</ref> Halder was being investigated for embezzlement from multiple financial institutions.<ref name=":1" /> On 31 December 2020, the bank announced plans to change their name.<ref>{{Cite web |title=NRB Global Bank to be renamed Global Islami Bank in new year|url=https://www.businessinsiderbd.com/banking-insurance/news/1481/nrb-global-bank-to-be-renamed-global-islami-bank-in-new-year|access-date=1 January 2022|website=Business Insider (Bangladesh)|language=en}}</ref> Former managing director of the Bank, Proshanto Kumar Haldar, is suspected by the Anti-Corruption Commission of embezzling hundreds of millions taka from various financial institutions.<ref>{{Cite news |date=9 January 2020|title=Amassing Tk 275cr Illegally: Case filed against ex-MD of NRB Global Bank|url=https://www.thedailystar.net/city/news/case-filed-against-ex-md-nrb-global-bank-1851643|access-date=1 January 2022|work=The Daily Star|language=en}}</ref><ref>{{Cite news |date=2020-01-08|title=ACC finds Tk 1,636cr ‘shady transactions’ by NRB Global Bank ex-MD|url=https://www.thedailystar.net/country/news/acc-finds-tk-1636cr-shady-transactions-nrb-global-bank-ex-md-1851406|access-date=1 January 2022|work=The Daily Star|language=en}}</ref>
On 3 January 2021, NRB Global Bank rebranded itself as Global Islami Bank and became a sharia compliant bank.<ref>{{Cite news |date=3 January 2021|title=NRB Global Bank turns Global Islami Bank|url=https://www.thedailystar.net/business/news/nrb-global-bank-turns-global-islami-bank-2021421|access-date=1 January 2022|work=The Daily Star|language=en}}</ref> In June, the banks proposal to raise 42.5 billion taka from an IPO was approved by Bangladesh Bank.<ref name=":0" /> In September 2021, Bangladesh Bank fined the bank for going beyond the investment ceiling for banks in the stock market.<ref>{{Cite news |last=Uddin|first=AKM Zamir|date=6 September 2021|title=NRB Commercial Bank fined for breaching stock investment ceiling|url=https://www.thedailystar.net/business/economy/banks/news/nrb-commercial-bank-fined-breaching-stock-investment-ceiling-2169501|access-date= 1 January 2022|work=The Daily Star|language=en}}</ref>
== References == {{Portal|Banks}} {{Reflist}}
{{Banks in Bangladesh}}
Category:Banks of Bangladesh Category:Banks established in 2013 Category:Banks of Bangladesh with Islamic banking services Category:Organisations based in Dhaka Category:Bangladeshi companies established in 2013
{{Bangladesh-stub}}