Mercantile Bank Islamic Banking


Alhamdulillah, Mercantile Bank has started its 'Islamic Banking Operations’ ‘Taqwa’ with the aim to serve the customers who prefer Islamic Shariah Based Banking and committed to Islamic lifestyles with the formal permission from Bangladesh Bank for Islamic banking window operations. Keeping the ever increasing interest of the largest community in mind, the Board of Directors of MBL has decided to go for Islamic Banking operations. In Mercantile Bank, Islamic Banking is window operation at the branches parallel with the Conventional Banking. The brand name of Mercantile Bank Islamic Banking is ‘Taqwa’. To purify its’ Islamic Banking Operations, an independent Shari'ah Supervisory Committee has been constructed with prominent Islamic Scholars and dedicated world class Islamic Banking software has been arranged.


Mercantile Bank has started its Islamic Banking operations formally in 29th June of 2020 with 10 (ten) nos of Islamic Banking Windows in first phase and in 2nd phase, more 15 (fifteen) Islamic Banking windows have opened on 28th December, 2020 by establishing countrywide Islamic Banking network. MBL is now operating 25 (twenty five) Islamic Banking Windows – 6 in Dhaka, 2 in Chittagong,  4 in Feni, 4 in Noakhali, 2 in Cumilla, 2 in Chandpur, 1 in Khulna, 1 in Sylhet, 1 in Barishal, 1 in Narayangonj and 1 in Shariyatpur.


Furthermore, upon permission from Bangladesh Bank, the Board of Directors have decided to open more 20 Islamic Banking Windows in different location branches in the country. Currently, infrastructural facilities and other preliminary arrangements for ‘Islamic Banking Window’ at branches are in process. We are very much confident that we will open these windows very shortly. Insha Allah, MBL will operate ‘Taqwa’ Islamic Banking Operations through country wide 45 (forty five) Islamic Banking Windows with true online banking support to honor the spirit & thrust of religiously guided people who prefer Shariah Based Banking.


Deposit Products and Schemes-

Investment Products-

Mercantile Bank Limited Islamic Banking Window Branches

Presently MBL Islamic Banking Services are available in 25 (twenty five) selected Branches and gradually, it will be extended to all over the country through MBL Branch network.

Main Branch

Mia Amanullah Bhaban, 63, Dilkusha C/A, Dhaka-1000.
HOB: 02-9571618 (D), 9559333 Ext-107
Head of IBW: 01708-515519

Dhanmondi Branch

Sima Blossom (1st Floor), House no. 390 (Old), 3 (New), Road no. 27 (Old), 16 (New), Dhanmondi R/A, Dhaka-1209.
HOB: 02-9130500, 9142691 Ext-101
HOB: 01711-546396
Head of IBW: 01730-076102

Uttara Branch

House-10 (A), Road-7/D, Sector-9, Uttara Model Town, Uttara, Dhaka -1230.
HOB: 02-8931729, 48958177, Ext-101 HOB: 01787-681253
Head of IBW: 01711-830972

Agrabad Branch

Mishkat Arcade, 21/1, Agrabad C/A Chattogram.
HOB: 031-716459 (D), 716421, 721772 Ext-102 HOB: 01713-491779
Head of IBW: 01817-208622

Barishal Branch

141, Sadar Road, Barishal-8200.
HOB: 0431-2176208, 2176209 Ext-101 HOB: 01713-386897
Head of IBW: 01712-588299

Feni Branch

105, S.S. Kaiser Road, PO: Feni Head Post Office, PS: Feni Model Thana, Dist-Feni.
HOB: 0331-63558, 63559 Ext-101
Head of IBW: 01819-485857

Chowmuhani Branch

Morshed Alam Complex (2nd Floor), Rail gate, Holding # 0001-01, Ward # 05, Chowmuhani, Begumganj, Noakhali.
HOB: 0321-52960 Ext-101
HOB: 01713-036991
Head of IBW: 01776-906793

Bangla Bazar Branch

Banglabazar, Begumganj, Noakhali.
HOB: 0321-56631, 53305 Ext-101
HOB: 01730-709987
Head of IBW: 01709-639923

Faridganj Branch

Saima Abdullah Plaza, Chandra Road, Faridganj Bazar, Chandpur.
HOB: 08422-64377, 64378 Ext. 101
HOB: 01812-314077
Head of IBW: 01672-780547

Damudya Branch

Synthia Plaza, 318 Main Road, Damudya Bazar P.O. & P.S.- Damudya, Dist-Shariatpur.
HOB: 06023-56204 Ext. 101
HOB: 01755-533146
Head of IBW: 01711-009038

Gulshan Branch


Hosna Centre (1st floor), Suit No. 103-109, 106 Gulshan Avenue, Dhaka-1212.


HOB: 02-55068969, 55068965-66, Ext. 101

Mobile: 01713-063586,

MOP: 02-55068968, 55068965-66, Ext. 102

Mobile: 01730-024084

Head of IBW : 01716466599

Tejgaon Gulshan Link Road Branch


Impetus Center, Holding # 242/B, Bir Uttam Mir Showkat Ali Road

Tejgaon Industrial Area, Dhaka-1208



02-8878936, 8878937-8, Ext. 101

Mobile: 01701-209784, 01715-028027

MOP: 02-8878937-8, Ext-102

Mobile: 01701-209784, 01711-119834

Head of IBW: 01711119834

Elephant Road Branch


75, Osman Plaza, Elephant Road, Dhaka-1205.


HOB: 02-9614542, 9614541, 9677364, Ext. 101

Mobile: 01713-048906

MOP: 02-9614541, 9677364, Ext. 102

Mobile: 01730-355911,

Head of IBW: 01711485109

Narayanganj Branch


H. R. Plaza (1st Floor), 64 (Old), 90 (New), Bangabandhu Road, Narayanganj.


HOB: 02-7648241, 7648243 Ext. 101

Mobile: 01713-199875, 01713-066608

MOP: 02-7648242-3, Ext. 102, Mobile: 01787-661638

Head of IBW:01787661638

Cumilla Branch


1042/945 Jhawtala, Cumilla.


HOB: 081-65276, 65275, Ext. 101.

Mobile: 01713-384498, 01777-787881,

MOP: 081-65275, Ext. 102, Mobile: 01915-873193

Head of IBW: 01915873193

Jubilee Road Branch


61, Kamal Chamber, Jubilee Road, Kotwali, Chattogram.


HOB: 031-624819, 621018, Ext. 101

Mobile: 01711-724874, 01713-384485

MOP: 031-624819, 621018, Ext. 102,

Mobile: 01748-664661, 01824-834283

Head of IBW: 01813034019

Chhagalniya Branch


Sofura Arcade,1340, 1341, College Road,

Chhagalniya Pouroshobha, Feni-3910


HOB: 09612142341, Ext-101, Mobile:01713-013792, 01725599669, MOP:09612142341, Ext-102, Mobile:01818291928

Head of IBW: 01818291928

Khulna Branch


Rupsha Plaza, 73, KDA Avenue, Khulna


HOB: 08-44110708, 44110700, 44110698, Ext. 101

Mobile: 01713-400641, 01713-453018

MOP: 08-44110700, 44110698, Ext. 106, Mobile: 01979-580235

Head of IBW: 01719580235

Hajiganj Branch


QC Tower (Canada Tower), Holding-0053-00, Haziganj Municipality, Hajiganj, Chandpur.


HOB: 0961-2142348, Ext. 101, Mobile: 01713-048876, 07171-585594

MOP: 0961-2142348, Ext. 102, Mobile: 01710-955656

Head of IBW: 01717585594

Sylhet Branch


Riasot Tower (1st & 2nd floor), Laldighirpar, Sylhet.


HOB: 0821-723650-1, Ext. 101

Mobile: 01711-922810, 01713-386896

MOP: 0821-723650, Ext. 102, 01716-533686

Head of IBW: 01716533686

Suaganj Bazar Branch


Noor Mansion, Puranal Road, Suaganj Bazar

Cumilla Sadar South, Cumilla.


HOB: 01701-209798, Ext. 101

Mobile: 01709-652411, 01716-107471

MOP: 01701-209798, Ext. 102

Mobile: 01723-804145

Head of IBW: 01723804145

Rajnagar SME/Krishi Branch


Dhalia, Rajnagar, Balua Chowmuhani, Feni


HOB: 0331-73782-3, Ext. 101

Mobile: 01730-340793, 01764-110400

MOP: 0331-73783, Ext. 102

Mobile: 01701-209795, 01812-311499, Fax: 0331-73784

Head of IBW: 01837410570

Dagonbhuiyan Branch


273 Mizan Tower, Bashurhat Road, Dagonbhuiyan, Feni.


HOB: 03323-79105, Ext. 101, Mobile: 01730-328684

MOP: 03323-79105, Ext. 102, Mobile: 01711486615

Head of IBW: 01717095826

Maijdee Court Branch


Honey Dew Point, 10, Abdul Malek Ukil Sarak, Main Road

Maijdee Court, Sadar, Noakhali.


HOB: 0321-71710, 71711 Ext. 101

Mobile: 01730-709983, 01730-445499

MOP: 0321-71711, Ext. 102

Mobile: 01730-709983, 01819-061937

Head of IBW: 01819061937

Amishapara SME/Krishi Branch


Mosarraf Complex, Moddo Bazar Amishapara, Shonaimuri, Noakhali.


HOB: 01730-320812, Mobile: 01819-234889,01730320812,01730340792

MOP: 01755559771

Head of IBW: 01755559771

Shariah Supervisory Committee

Shariah Supervisory Committee of Mercantile Bank consists of the following members-

SL. Name Designation
01. Morshed Alam, MP Chairman, Board of Directors, Mercantile Bank Limited
02. Al-Haj Akram Hossain (Humayun) Vice Chairman, Board of Directors, Mercantile Bank Ltd.
03. A.K.M. Shaheed Reza Member, Board of Directors, Mercantile Bank Limited
04. M.A. Khan Belal Member, Board of Directors, Mercantile Bank Limited
05. Shah Mohammad Wali Ullah Imam & Khatib, Sobhanbag Masjid and Madrasa Complex
06. Md. Quamrul Islam Chowdhury MD & CEO, Mercantile Bank Limited

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