Islamic Bank of Thailand Employee Directory
BankingBangkok, Thailand51-200 Employees
The Islamic Bank of Thailand is a state enterprise under the Ministry of Finance that operates within the banking sector under a Sharia compliance framework. Established by the Islamic Bank of Thailand Act in 2002, it adheres to Islamic rules on transactions, favoring profit-and-loss sharing. Its financing structures, such as hire-purchase, involve the bank purchasing goods and reselling them to customers on installment plans, with collateral, and the bank serves customers irrespective of religion. Based in Wattana, Bangkok, the bank serves a nationwide market through a network of branches; the last report notes about 100 branches. In 2021, the bank introduced a gold deposit product and planned auto hire-purchase services, and formed a partnership to offer insurance services to the Muslim community.