Islami Bank Securities Limited

Customer Account Information Form:

Foreign investors required to fill up a Customer Account Information Form with ISLAMI BANK SECURITIES LIMITED. The form is different for individual investors and institutional investors. Foreign investors need to send the form (hard copy) to the brokerage house, duly filled and signed by authorized personnel. They also need to attach photocopy of other required documents (hard copy), stated below:

For individual investors:

Completed Trade account opening form (provided by securities company)
Photograph of the Client
Photocopy of passport
Nominee NID/Passport & photograph (If any) (Duly attested by the Customer)
Bank Statement
Pay slip/ Employer Certificate
TIN (Tax Identification Number) Certificate (If any)

(All the above documents have to be attested by either Bangladesh Embassy or notarized in respective country)

For institutional investors:

A copy of the Memorandum and Articles of Association of the company.
A copy of the Certificate of Incorporation of the company.
A copy of the Authorization/Board Resolution to open and operate the account with us.
A copy of the Authorization/Board Resolution authorizing the executives to operate the account, including their photographs.
TIN Certificate.
Trade License
Foreign Currency Bank Account (NITA)
Custodian Bank with Beneficiary Owner account holder

B/O Account Opening:

For BO account opening, foreign investors need to open a Custodian Account with any custodian bank in Bangladesh. Islami Bank Bangladesh Limited is currently providing Shariah based custodian services to investors. Together with BO account opening, the custodian bank will take care of other account opening, such as Cash Account (or NITA A/C) and F/C Account.