NRB Brokerage Service

Islami Bank Securities Limited will provide Non-Resident Bangladeshi's (NRB) the option to subscribe for IPO and trading shares in the secondary market through Islami Bank Bangladesh Limited.

Who are eligible

All Bangladeshi nationals (Bangladeshi passport holders) who are working/living abroad can open a trading and BO account with Islami Bank Securities Limited (IBSL). Foreign passport holders who are originally from Bangladesh are also eligible to open an account.

Required documents - for new customers

  • Completed BO account form
  • Completed BO account nominee form
  • Completed Trade account opening form (provided by securities company)
  • Power of Attorney (If any)
  • Custodian Agreement
  • Four passport size photographs of the applicant
  • TIN (Tax Identification Number) Certificate (If any)
  • Proof of address (utility bill/bank statement copy etc.)
  • Proof of income (such as last tax return/employment certificate/contract/recent pay slip)
  • Completed application form and duly signed signature card
  • Three copies of passport size photos of the nominee which must be attested on the back by the primary account holder

All the above documents must be in English (if the documents are in other language it has to be translated to English) and also need to be verified and attested by any reputed international bank/Bangladesh High Commission or Consulate General's Office.

If customer provides the Power of attorney (POA) from abroad, POA has to be notarized by Notary Public and then attested by the Bangladesh High Commission or Consulate General's Office.

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