Our Vision

To be the unique modern Islami Bank in Bangladesh and to make significant contribution to the national economy and enhance customers trust and wealth, quality investment, employees value and rapid growth in shareholders equity. Our Mission To be the most caring and customer friendly and service oriented bank. To create a technology based most efficient banking environment for its customers. To ensure ethics and transparency in all levels. To ensure sustainable growth and establish full value of the honorable shareholders and Above all, to add effective contribution to the national economy.

Our Strategies To strive our customers best satisfaction & win their confidence. To manage & operate the bank in the most effective manner. To identify customers needs & monitor their perception towards meeting those requirements. To review & updated policies, procedures & practices to enhance the ability to extend better customer services. To train & develop all employees & provide them adequate resources so that the customers needs reasonably addressed. To promote organizational efficiency by communicating company plans policies & procedures openly to the employees in a timely fashion. To ensure a congenial working environment. To diversify portfolio in both retail & wholesale markets.

Branch Network At present, the bank has 87 Branches of which 36 Branches are in Dhaka Division, 30 branches are in Chittagong Division, 07 Branches are in Sylhet Division, 03 Branches are in Rajshahi Division, 02 Branches are in Rangpur Division, 07 Branches are in Khulna Division and 02 branch is in Barishal Division. All the 87 Branches are computerized. Among them 51 Branches are under distributed server environment, others are ruuning with our Core Banking Software(CBS). All the Branches will be migrated from distributed system to CBS. FSIBL has already started their on-line, SMS and ATM banking facilities for their clients. FSIBL will add molbile banking and e-banking facilities within short period of Deposit Schemes Al-Wadiah Current Deposit. Mudarabah Savings Deposit. Mudarabah Short Term Deposit Mudarabah Term Deposit One Month Three Months Six Months Twelve Months Twenty Four Months Thirty Six Months

Foreign Currency Deposit Mudarabah Savings Scheme Monthly Savings Scheme Monthly Profit Scheme More than Double the deposit in 6 years Consumer Finance Scheme To diversify portfolio in both retail & wholesale markets.

We are also emphasize on non-fund business and fee based income. Bid bond/ bid security can be issued at our customer's request.

Our Bank is posed to extend L/C facilities to its importers / exporters through establishment of correspondent relations and Nostro Accounts with leading banks all over the world.

Investment Scheme Investment / Deployment of Funds: Bai-Murabaha (Deferred Lump Sum/ Installment Sale) Bai-Muajjal (Deferred Installment / Lump Sum Sale) Ijara (Leasing) Musharaka (Joint-Venture Profit-Sharing) Mudaraba (Trustee Profit-Sharing) Bai-Salam (Advance Sale and Purchase) Hire-Purchase Direct Investments Post Import Investment Purchase and Negotiation of Export Bills Inland Bills Purchased Murabaha Import Bills Bai-Muajjal Import Bills Pre Shipment Investment Quard-ul-Hasan (Benevolent Investment) Letter of Guarantee Tender Guarantee Performance Guarantee Guarantee for Sub-Contracts Shipping guarantee Advance Payment guarantee Guarantee in lieu of Security Deposits Guarantee for exemption of Customs Duties Others Letter of Credit (L/C) / Back to Back Letter of Credit (L/C) Specialized Schemes

Consumer Investment Scheme, SME Investment Scheme, Lease Investment Scheme, Hire Purchase, Earnest Money Investment Scheme, Mortgage Investment, Employees House Building Scheme, ATM, VISA Investment Card, EEF, etc.

Financial Highlights Particulars 31 Dec 2010 31 Dec 2009

Paid-up Capital 3,036,000,000 2,300,000,000 Total Capital Fund 4,582,217,485 3,379,035,832 Capital Surplus/(deficit) 29,266,485 267,692,742 Total Assets 63,619,797,799 47,978,552,952 Total Deposits 56,344,959,167

42,423,092,722 Total Investments 52,123,903,164 38,725,874,774 Total Contingent Liabilities and Commitments 8,859,668,340 5,971,673,066 Investment Deposit Ratio (in %) 92.51% 91.28% Percentage of Classified Loans against total Loans and Advances(in 2.61% 2.14% Profit before tax & provision 1,203,600,731 750,837,749 Amount of Classified Investments during the year 1,361,392,000 830,515,000 Provision kept against Classified Investments 542,894,000 507,694,000 Provision Surplus/(deficit)

13,658,789 53,834,571 Cost of Fund 8.90% 9.28% Profit Earning Assets 56,040,956,802 41,371,529,125 Non-profit Earning Assets 7,578,840,997 6,607,023,827 Return on Investment in Shares & securities(ROI)(in %) 9.24% 2.79% Return on Assets (ROA)(in %) 1.89% 1.56% Income from Investment in Shares and Securities 264,208,027 53,510,527 Earning Per Share (Tk.) 2.33 1.42

Net Income Per Share (Tk) 2.33 1.42 Price Earning Ratio (Times) 17.42 15.39

Credit Rating First security Islami Bank Limited has been rated by Emerging Credit Rating Ltd. (ECRL) on the basis of audited Financial Statements as on December 31, 2010 and other relevant information. The summery of Rating is presented below: First security Islami Bank Limited has been rated by Emerging Credit Rating Ltd. (ECRL) on the basis of audited Financial Statements as on December 31, 2010 and other relevant information. The summery of Rating is presented below: Status Long Term Rating Short Term Rating 2010 AECRL-3 2009 BBB2 ST-3

Emerging Credit Rating Ltd. (ECRL) has assigned A- (Pronounced as A minus) rating in the Long Term and ST-3 in the Short Term to First security Islami Bank Limited. Commercial Banks rated A-' in the Long Term indicates adequate capacity to meet its financial commitments. Commercial Banks rated ECRL-3' In The Short Term are considered to adequate capacity to meet its financial obligation is more likely to be weakened by adverse changes in the economy, and in business and other external conditions than higher rated institutions. In 2009, Credit Rating Agency of Bangladesh Ltd. (CRAB) has assigned BBB2 (Pronounced as Triple B Two) rating in the Long Term and ST-3 rating in the Short Term to First Security Islami Bank Limited.

Corporate Information Name of the Company First Security Islami Bank Ltd.

Chairman Mohammad Saiful Alam

Vice Chairman Alhaj Mohammad Abdul Maleque

Managing Director A.A.M. Zakaria

Company Secretary Abdul Hannan Khan

Legal Status Public Limited Company

Date of Incorporation

August 29, 1999

Date of Commencement of Business August 29, 1999

Date of Permission from Bangladesh Bank September 22, 1999

Date of Opening of First Branch October 25, 1999

Registered Office 23, Dilkusha, Dhaka-1000, Bangladesh

Line of Business Banking

Authorized Capital Tk.1,000 Million

Paid up Capital Tk.3,400.32 Million

Date of consent of IPO 04 June 2008

Phone 88-02-9888446 (Hunting), 9565594/9554208 (ICT Division)

Fax 880-02-9891915

E-mail bcs@fsiblbd.com , info@fsiblbd.com

SWIFT www.fsiblbd.com

Shariah Board

Shari'ah Members Name Sheikh (Moulana) Mohammad Qutubuddin ( ) Chairman Position Address

Baitush Sharaf Complex Shah Abdul Jabbar (R) Road Dhanialapara, Chittagong-4100 Markaz-e- Eshaete Islam 2/2 Darus Salam, Mirpur, Dhaka 491, Wireless Railgate, Bara

Mufti Sayeed Ahmed

Vice Chairman

Moulana M. Shamaun Ali Member Secretary

Moghbazar, Dhaka-1217

Moulana Abdus Shaheed Naseem Member

2/C Green Valley Apartment 493, Wireless Railgate, Bara Moghbazar, Dhaka-1217 Lecturer Department of law, University of Dhaka, Dhaka-1000

Mr. Mohammad Azharul Islam Member

Observers Members Name Position Address

Alhaj Md. Abdul Maleque Vice Chairman, Board of Directors, 8/A, OR Nizam Road Panchlaish FSIBL & R/A Observer Member, Chittagong . Shari'ah Council Prof. Md. Sharif Hussain 57, East Hajipara (5 th Floor) Board of Directors, FSIBL & Rampura, Observer Member, Shari'ah Council Dhaka-1219 Mr. Shahidul Islam House# 7, Road# 1, Nasirabad Housing Society, Post: Board of Directors FSIBL & Medical Observer Member, Shari'ah Council P.S: Panchlaish, Dist.: Chittagong

Managing Director Name Mr. A. A. M. Zakaria . . . Position Address

Managing Director, FSIBL & House SW(I)1/A(4th Floor), Road Observer Member, Shari'ah Council 8, Gulshan -1, Dhaka-1212

Management Head of Divisions

Management Efficiency Senior Management FSIBL is functioning with a highly professional management team headed by the Managing Director Mr. A. A. M. Zakaria. Among other senior executives currently Two DMD, One Principal (Training Center), Two SEVP, six EVP, Seven SVP, Eleven VP, Nine FVP, fifteen SAVP, sixteen AVP and eighteen FAVP are discharging their services in progression of the banks business. Managing Director Mr. A. A. M. Zakaria, Managing Director of the bank is an eminent banking personality having long 33 years of experience in banking industry. After successful completion of his B.A. (Hons), M.A. in Economics from Dhaka University, Mr. A. A. M. Zakaria has started his banking career in 1977 as Senior Officer of Rupali Bank. Before the current responsibility, Mr. A. A. M. Zakaria was the Deputy Managing Director of Dutch-Bangla Bank Limited. In his multi-greeted banking service, Mr. A. A. M. Zakaria participated in many courses, training program and workshops on banking at home and abroad. Mr. A. A. M. Zakaria joined in FSIBL on 7th August 2005 as Managing Director. Top management of the bank is supported by human resource strength of aroung 1200 executives and officers. For smooth functioning of the Bank, following committees have been formed: 1. Management committee (MANCOM) comprises of senior members of the management headed by Managing Director of the bank. Head of HRD is the member secretary of the committee and Head of IMRD, Head of IC&C including DMD are the member of the committee. MANCOM meets on regular basis to discuss relevant agenda. 1. Asset Liability Management Committee (ALCO) headed by the Managing Director, is responsible for balance sheet risk management. The committee participate in the monthly ALCO meeting and review the liquidity position, review rate of interest on deposit and lending, and review the ALCO papers on presentation by treasury back office on the position of profit, deposit, investment, cost analysis, maturity bucket of deposit & investment, balance sheet, profit and loss account and many other issues relating to banks business and assets-liability management. Five relevant divisional heads including DMD are the members and VP & Head of Treasury of the Bank is the member secretary of the committee. Human Resources Development FSIBL has a separate Human Resources Division (HRD) to manage the employee policies and practices. As on FYE 2010, Total 1200 executives & officers of the bank have been working for smooth banking operations. Bank follows a standardized human resources policy. HRD of the

Bank follow a transparent and free & fair system to ensure the standard recruitment, training & development of human resources of the bank. The bank has defined HR policies including recruitment, training & development, promotion, leave, transfer and disciplinary action policy. Usually internal recruitment procedures are considered to fill up the mid and top management positions, while entry-level positions are filled with regularly through competitive recruitment exams. They follow transparent, well-defined and strict rules for appointment of officers and staff in the Bank's service. Corporate Governance Corporate governance is about how corporation is running its operations to achieve its corporate objectives. Bangladesh Bank (BB) gives emphasis on implementing corporate governance among the financial institutions and to do that, BB emphasises implementation of the guidelines issued by them for improving corporate governance in banking. Good Corporate Governance practices enhance an entity's corporate image and market credibility, which attract capital and increase its borrowing power. These can be reflected in the quality of financial reporting and disclosures; strength of internal control system and internal audit function induction of professionally competent, independent non-executive Directors on corporate Board; formation of Audit Committee; delegation of authority to executives and staff; protection of corporate governance for strengthening organizational strength. With a view to ensure effective participation and deep interest in the affairs of the company and as per Articles of Association of the Company and as per Bangladesh Bank Circular No. 16 dated March 24, 2003 the bank has set up the following 2 committees: 1. Executive committee 2. Audit Committee Executive Committee: FSIBL has constituted 09 members executive committee of the board as per Bangladesh Bank guidelines to ensure corporate goverance in the business of which managing director of the Bank is Ex-officio Member. The executive committee of the board are responsible for developing policy and strategy for smooth operations of business and business development of the bank to ensure maximization of shareholders wealths protecting other stakeholders interest in the company Mr. Alhaj Md. Saiful Alam, Chairman of the board of Directors is the Chairman of the present Executive Committee of the bank. He is very dynamic person and leading the executive committee of the bank in a very manner. Audit Committee: FSIBL has formulated an audit committee can play an effective role in formulating an efficient and secured banking system. The Audit Committee has been formed comprising three members of the Board of Directors. As per corporate governance guidelines the Chairman of the Audit Committee should have sound knowledge and expertise in finance & accounting or auditing.