ICB Islamic Bank Overview and Financial Analysis

ICB Islamic Bank is a unique financial institution that operates on Islamic principles. It offers a range of Shariah-compliant products and services to its customers.

Founded in 2013, ICB Islamic Bank has been growing steadily and has established a strong presence in the market. The bank's mission is to provide innovative and customer-centric financial solutions.

ICB Islamic Bank has a network of branches and ATM locations across the country, making it easily accessible to its customers. With a strong focus on customer service, the bank has built a reputation for being reliable and trustworthy.

The bank's financial performance has been impressive, with a significant increase in its assets and deposits over the years.

ICB Islamic Bank has shown a significant fluctuation in its performance over the past few years. Its market capitalization has been around $16.36 million, with a 0.00% change in the last 5 days.

The bank's performance varies across different Islamic banks, with some showing positive growth. For instance, Emirates Islamic Bank has seen a staggering 61.49% growth in the last 3 years, with a market capitalization of $17.67 billion.

However, not all Islamic banks have performed well. PT Bank Syariah Indonesia TBK has seen a decline of 4.94% in the last 5 days, with a market capitalization of $6.96 billion.

Here's a summary of the market capitalization and changes of some Islamic banks:

The bank's sales by activity have also been affected, with a decline in banking sales from -6.99 million in 2019 to -56.3 million in 2023.

I'd love to break down the sales by activity for ICB Islamic Bank Limited.

The bank's sales by activity have shown significant fluctuations over the years.

In fiscal year 2019, the bank's sales were -$6.99 million.

Here's a breakdown of the bank's sales by activity over the years:

It's worth noting that the bank's sales were positive in 2020, with $246 million in sales.

The bank's sales were also positive in 2022, with $170 million in sales.

Valuation is a critical aspect of a company's financial performance, and ICB Islamic Bank Limited's valuation metrics are quite revealing.

The company's market capitalization has fluctuated over the years, ranging from 13M to 2.46B.

One way to gauge a company's valuation is by looking at its P/E ratio, which is the ratio of its stock price to its earnings per share. In 2022, ICB Islamic Bank Limited's P/E ratio was -14.2x, while in 2023, it improved to -6.37x.

The enterprise value, which includes the company's debt and cash, also provides insights into its valuation. In 2022, the enterprise value was 7.54B, while in 2023, it dropped to 227M.

Here's a breakdown of the company's valuation metrics:

The company's free-float, which represents the percentage of shares available for trading, is 47.24%.

The financial performance of Islamic banks is a topic of interest for many investors and analysts. In this section, we'll take a look at the latest data on these institutions.

According to the data, ICB Islamic Bank Limited has seen a -26.83% change in its performance over the past year. This is a significant drop, and it's essential to monitor the bank's progress closely.

The average performance of Islamic banks is a -0.59% change over the past 5 days. This indicates a slight decline in the overall market.

Some banks have performed exceptionally well, such as Emirates Islamic Bank, which has seen a +61.49% change in its performance over the past 3 years. This is a remarkable growth, and it's essential to understand the factors contributing to this success.

The weighted average by capitalization of Islamic banks is a -0.34% change over the past 5 days. This is slightly better than the average performance.

Here's a list of the top 5 Islamic banks by market capitalization:

These figures demonstrate the varying performance of Islamic banks in the market. It's essential to stay informed about these changes to make informed investment decisions.

The management team at ICB Islamic Bank is led by Muhammad Shafiq bin Abdullah, who has been the CEO since November 17, 2013.

The bank's management team also includes Sabbir Ahmed as the Compliance Officer and Ahmed Ullah as the Chief Tech/Sci/R&D Officer, who has been in his position since December 31, 2003.

Here's a list of the bank's top management team:

The bank's Board of Directors includes 7 members, with Aklif bin Amir serving as the Chairman since June 8, 2022.

The Executive Committee plays a crucial role in the management and governance of ICB Islamic Bank Limited. They are responsible for making key decisions and overseeing the overall direction of the bank.

Muhammad Shafiq bin Abdullah has been the Chief Executive Officer since November 17, 2013, bringing a wealth of experience to the role.

The Compliance Officer, Sabbir Ahmed, is responsible for ensuring the bank operates within regulatory guidelines.

Ahmed Ullah has been the Chief Tech/Sci/R&D Officer since December 31, 2003, overseeing the bank's technological development.

The Chief Operating Officer, Parvez Yousuf Chowdhury, is responsible for the day-to-day operations of the bank, although it's unclear when he started in this role.

Sakhawat Hossain is the Chief Administrative Officer, but the exact start date of his tenure is unknown.

Here is a brief overview of the Executive Committee:

The Board of Directors composition of ICB Islamic Bank Limited is a diverse group of individuals with varying titles and ages. Aklif bin Amir serves as the Chairman, a position he has held since June 8, 2022.

Ooi Kim Lee, a 69-year-old Director/Board Member, has been part of the board since an unspecified date. She is one of the older members of the board, bringing a wealth of experience to the table.

The Shariah Board Members are responsible for ensuring the bank's operations comply with Islamic principles. A. N. M. R. Rahman Madani and Mohammed Haque are two of the Shariah Board Members, with Madani joining the board on June 20, 2011, and Haque being part of the board since an unspecified date.

Other notable Directors/Board Members include Muhammad Shafiq bin Abdullah, who joined the board on November 17, 2013, and Seng Chye Tan, whose tenure is unspecified.

The management team at ICB Islamic Bank Limited is led by Muhammad Shafiq bin Abdullah, who has been the CEO since 2013. He has been instrumental in shaping the bank's strategies and growth.

Muhammad Shafiq bin Abdullah has been with the bank since 2013, taking over as CEO on November 17th of that year. Sabbir Ahmed serves as the Compliance Officer, but his exact start date is not specified.

Ahmed Ullah has been the Chief Tech/Sci/R&D Officer since 2003, when he first joined the bank on December 31st of that year. Parvez Yousuf Chowdhury is the Chief Operating Officer, but his start date is also not specified.

The bank's directors include A. N. M. R. Rahman Madani, who has been a Shariah Board Member since June 20, 2011. Muhammad Shafiq bin Abdullah is also a Director/Board Member, having joined the board on November 17, 2013.

Ooi Kim Lee is a Director/Board Member, and at 69 years old, he is one of the older members of the board. His exact start date is not specified.

Here is a list of the bank's top managers and directors:

ICB Islamic Bank has a diverse group of investors and stakeholders who have contributed to its growth and success.

ICB Islamic Bank has received a significant amount of investment from the Islamic Development Bank (IDB) to support its operations and expansion plans.

The bank's stakeholders include its customers, who have shown trust in its services and products, and its employees, who are committed to delivering excellent banking services.

ICB Islamic Bank has a strong presence in the market, with a network of branches and ATMs that cater to the needs of its customers.

A unique perspective: Banks and Banking Services

ICB Islamic Bank Limited has had a busy year, with several key appointments and financial reports released. In December 2023, the bank appointed Md. Mazibur Rahman as its Managing Director.

The bank has also had its fair share of financial reports, with earnings results released for the third quarter and nine months ended September 30, 2024. This report was made public on October 31, 2024.

In addition to the financial reports, the bank has also had some notable appointments. In December 2023, Md. Mazibur Rahman was appointed as the CEO of ICB Islamic Bank Limited.

Here is a list of the bank's financial reports for the past few years:

The bank's auditor has also raised concerns about the bank's financial health, with a "going concern" doubt raised in April 2024.