The Islamic Bank of Asia, which is commonly known as IB Asia, had been brought to Singapore with the major DBS Bank Singapore’s hands on 7th May 2007.
The main stakeholder of this bank is DBS. However, there are other 34 industrialists who are involved in this bank.
The bank has got the banking license from the Dubai International Financial Centre, and only this bank from Asia got this recognition.
Private banking, commercial banking, capital market are the specialized services rendered to individuals and businessmen.
The bank is exploring the Asian market with its vast network. The bank provides some outstanding Islamic banking like Musharaka, Mudaraba, Ijarah and Istina.
Most importantly, the bank is dedicated to providing innovative banking services to its clients following the dynamic banking concepts in two distinct regions.
Moreover, Islamic Letter of Credit and financing service is the hot service rendered to the businessmen.
The bank was registered with the paid capital of USD500 million. The board of directors of this bank consists of eight members. The headquarter of this bank lies in Singapore. For the rapid cash withdrawal and other monetary services, clients of this bank can use ATM booths set up by this bank in Singapore’s cities.
|Name||Islamic Bank of Asia|
|Established||7 May 2007|
Private Equity Investments
Shariah Compliant Advisory
Shariah-compliant equity and Sukuk
Cash management services
|Corporate Address||12 Marina Boulevard, #15-03,|
Marina Bay Financial Centre Tower 3,
|Hotline||+65 6878 5522|
|Fax||+65 6878 5500|
|Contact Center||+65 6878 5522|
|Service Hours||Monday: 9AM–3:30PM|
Public Holidays – Closed
Note: Branch service hours may vary and are subject to change without any notice by the respective bank.
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