Insights

Islamic Banking Services The Islamic Bank of Thailand provides Sharia-compliant banking services, offering unique financial products such as profit-sharing and lease-to-own arrangements. This positions the bank well to attract customers looking for ethical and alternative financial solutions.

Expansion Opportunities Recent collaborations with companies like Muang Thai Group for insurance services present opportunities for partnership expansion. Leveraging these partnerships can lead to cross-selling financial and insurance products to a broader customer base.

Innovative Product Offerings Launching new products such as gold deposit services and auto hire-purchase further diversifies the bank's portfolio, opening avenues to target customers interested in investments and auto financing. These innovative offerings can attract new clientele and drive revenue growth.

Tech Integration Potential Utilizing a tech stack including DreamWeaver and Bootstrap presents the opportunity for digital transformation. Enhancing online banking services and customer experience through technology integration can attract tech-savvy customers seeking seamless and efficient banking solutions.

Competitive Positioning Differentiating from traditional banks like Bangkok Bank and KASIKORNBANK with unique Islamic banking principles positions the Islamic Bank of Thailand as a standout player in the market. Emphasizing the ethical and inclusive nature of their services can appeal to customers looking for a different banking experience.

Similar companies to Islamic Bank of Thailand

Islamic Bank of Thailand Tech Stack

Islamic Bank of Thailand uses 8 technology products and services including DreamWeaver, Font Awesome, Slick, and more. Explore Islamic Bank of Thailand's tech stack below.

  • DreamWeaver
    Editors
  • Font Awesome
    Font Scripts
  • Slick
    Javascript Libraries
  • FancyBox
    Javascript Libraries
  • Facebook Chat Plugin
    Live Chat
  • Open Graph
    Miscellaneous
  • SWFObject
    Miscellaneous
  • Bootstrap
    UI Frameworks

Islamic Bank of Thailand's Email Address Formats

Islamic Bank of Thailand uses at least 1 format(s):
Islamic Bank of Thailand Email FormatsExamplePercentage
First.Last@ibank.co.thJohn.Doe@ibank.co.th
25%
First_Last@ibank.co.thJohn_Doe@ibank.co.th
25%
First.Last@ibank.co.thJohn.Doe@ibank.co.th
25%
First_Last@ibank.co.thJohn_Doe@ibank.co.th
25%

Frequently Asked Questions

Where is Islamic Bank of Thailand's headquarters located?

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Islamic Bank of Thailand's main headquarters is located at Asok Road, Klongtoey Wattana Bangkok, TH. The company has employees across 3 continents, including AsiaEuropeAfrica.

What is Islamic Bank of Thailand's phone number?

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You can contact Islamic Bank of Thailand's main corporate office by phone at . For more prospecting data, LeadIQ has access to up-to-date and accurate contact information within our platform. Find, capture, and sync contact data to your CRM and sales tools in one click.

What is Islamic Bank of Thailand's official website and social media links?

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Islamic Bank of Thailand's official website is ibank.co.th and has social profiles on LinkedIn.

How much revenue does Islamic Bank of Thailand generate?

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As of May 2024, Islamic Bank of Thailand's annual revenue reached $75M.

What is Islamic Bank of Thailand's NAICS code?

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Islamic Bank of Thailand's NAICS code is 52211 - Commercial Banking.

How many employees does Islamic Bank of Thailand have currently?

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As of May 2024, Islamic Bank of Thailand has approximately 1K employees across 3 continents, including AsiaEuropeAfrica. Key team members include Csaa - Chief Credit Officer: A. M.Acting Cro: I. H.Acting Chief Marketing Officer: S. R.. Explore Islamic Bank of Thailand's employee directory with LeadIQ.

What industry does Islamic Bank of Thailand belong to?

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Islamic Bank of Thailand operates in the Banking industry.

What technology does Islamic Bank of Thailand use?

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Islamic Bank of Thailand's tech stack includes DreamWeaverFont AwesomeSlickFancyBoxFacebook Chat PluginOpen GraphSWFObjectBootstrap.

What is Islamic Bank of Thailand's email format?

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Islamic Bank of Thailand's email format typically follows the pattern of . Find more Islamic Bank of Thailand email formats with LeadIQ.

When was Islamic Bank of Thailand founded?

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Islamic Bank of Thailand was founded in 2002.
Islamic Bank of Thailand

Islamic Bank of Thailand

BankingBangkok, Thailand1001-5000 Employees

The Islamic Bank of Thailand was set up by the Islamic Bank of Thailand Act B.E. 2545 (2002), as a state enterprise under the Ministry of Finance, administered by a board of governors, with an advisory council on Islamic banking. The bank operates in accordance with the rules of Sharia, or the Islamic rules on transactions. 

The basic principle of Islamic banking is the sharing of profit and loss and the prohibition of the payment of fees for the renting of money, or businesses related to profiteering, monopolizing, or vices. In an Islamic hire-purchase transaction, instead of loaning the buyer money to purchase the item, the bank buys the item from the seller, and resells it to the buyer at a profit, while allowing the buyer to pay the bank in installments, while asking for strict collateral. The bank customer thus pays a monthly fixed amount, making his financial planning easier.

There are presently 100 branches of the Islamic Bank of Thailand, scattered in all regions of the country. The Islamic Bank of Thailand (IBT) was established under a special act by the country’s parliament in 2002, under the supervision of the Ministry of Finance. The objective was to provide Islamic banking services to all customers, irrespective of their religion.

Section iconCompany Overview

Headquarters
Asok Road, Klongtoey Wattana Bangkok, TH
Phone number
NAICS Code
52211 - Commercial Banking
Founded
2002
Employees
1001-5000

Section iconFunding & Financials

  • $50M$100M

    Islamic Bank of Thailand's revenue is in the range of $50M$100M

Section iconFunding & Financials

  • $50M$100M

    Islamic Bank of Thailand's revenue is in the range of $50M$100M

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