Bosna Bank International

Bosna Bank International (BBI) is the first and the only bank in Southeast Europe which operates in accordance with Islamic financial principles. BBI has been established in 2000 by Islamic Development Bank (45.46% share), Dubai Islamic Bank (27.27% share) and Abu Dhabi Islamic Bank (27.27% share). Today, BBI has 31 branches in Bosnia and Herzegovina with headquarters located in capital city of Sarajevo.

With the support of its shareholders and by utilizing its staff's knowledge and resourcefulness, BBI in accordance with its corporate social responsibility each year since 2010 organizes the Sarajevo Business Forum. According to observations of many analysts, this important event was declared a historical and the first class economic event in the modern history of Bosnia and Herzegovina.

SBF moved the frontiers and understanding of the concept of investment conference. BBI is the only bank in Bosnia and Herzegovina that established its own business club (BBI VIP Business Club) boasting membership by some of the most successful companies in Bosnia and Herzegovina. By adapting innovative approach to doing business BBI created the link between local Bosnian companies and financial institutions and corporations from the Gulf region. BBI VIP Business Club thus provides new opportunities for Bosnian companies, by facilitating access to new markets and attracting new investments into Bosnia and Herzegovina.

In time of recession BBI bank has been one of the banks least affected by the global financial crisis and in spite of it, its business activities registered positive growth. In previous business years BBI is recording best results since its inception. BBI is education-oriented as each year it organizes seminars and trainings for its employees and provides scholarships for students.

The success of BBI Bank and its management were recognized with numerous awards.

Amer Bukvic, CEO of BBI, was listed among the TOP 50 Global Leaders of the Islamic Economy for 2018 and has also been included two years in a row on the "Islamica 500" list of the most successful individuals in the Islamic economy in the world.

Recently, during the 3rd Islamic Retail Banking Awards, Cambridge IF Analytica United Kingdom awarded to Mr. Bukvić the “Islamic Retail Banking Transformational Leader Award 2017” and Bosna Bank International was awarded as “The Strongest Islamic Retail Bank in Europe 2017”.

BBI received “Golden Bank” award in October 2017 from Bosnia’s banking magazine “BH Banks” as a result of analysis of the Bosnian banking sector’s key performing indicators and ranking of the country’s banks, conducted by Bisnode, a company affiliated with the Swedish Bisnode Group.

An independent agency the European Association of Managers and Magazine "Euromanager" has awarded BBI with "Bank of 2016" award, and Amer Bukvic "Best manager" in the banking sector for 2016, as well as the "Golden Plaque" for the establishment and very successful functioning of the Sarajevo Business Forum and linking BiH and the region with the world economy.

Organization of Islamic Cooperation (OIC) and OIC "Today Magazine" awarded recognition to Amer Bukvic "The Jewels of Muslim World Award 2015" for promotion of Islamic finance and economics.

The British magazine "Global Banking & Finance Review" has recognized and rewarded the efforts of BBI for socially responsible projects and granted it the "Best CSR Bank B&H 2015", while the CEO of BBI was declared "Best Banking CEO of B&H 2014". The same year, "European Movement in B&H" awarded Bukvic for contribution to the economic linking and attracting investment in B&H and the region.

Mr. Bukvic also received “The Best Entrepreneur and Leader in 2014” - international prize for entrepreneurs presented in the Kingdom of Saudi Arabia; “Best manager in Banking sector of B&H 2013” – Perdana Leadership Foundation Malaysia and Charter of International League of Humanists “Aurelio Peccei”.

In recognition of the contribution of business development and society as a whole BBI has received prestigious awards: "Acknowledgement of Sarajevo City 2012" Medals "Superbrands" in 2010 and 2013/2014 and has been recognized as "The most desirable employer in the financial sector" for 2011, 2012, 2013, 2014 and 2015.

Islamic Development Bank

The Islamic Development Bank is an international Islamic financial institution, established in accordance with Articles of Agreement done at the City of Jeddah, Kingdom of Saudi Arabia on 24/7/1394(12/8/1974), signed and ratified by all member countries. The Inaugural Meeting of the Board of Governors took place in Rajab 1395H, corresponding to July 1975, and the Bank was formally opened on 15 Shawwal 1395H corresponding to 20 October 1975.

The purpose of the Bank is to foster the economic development and social progress of member countries and Muslim communities individually as well as jointly in accordance with the principles of Shari'ah i.e., Islamic Law.

The functions of the Bank are to participate in equity capital and grant loans for productive projects and enterprises besides providing financial assistance to member countries in other forms for economic and social development. The Bank is also required to establish and operate special funds for specific purposes including a fund for assistance to Muslim communities in non-member countries, in addition to setting up trust funds. The Bank is authorized to accept deposits and to mobilize financial resources through Shari'ah compatible modes. It is also charged with the responsibility of assisting in the promotion of foreign trade especially in capital goods, among member countries; providing technical assistance to member countries; and extending training facilities for personnel engaged in development activities in Muslim countries to conform to the Shari'ah.

The present membership of the Bank consists of 57 countries. The basic condition for membership is that the prospective member country should be a member of the Organisation of Islamic Cooperation (OIC), pay its contribution to the capital of the Bank and be willing to accept such terms and conditions as may be decided upon by the IDB Board of Governors.

As per the decision of the 38th Annual Meeting of the Board of Governors, the authorized capital of the IDB was raised to ID 100 billion and its subscribed capital to ID 50 billion. The Bank's principal office is in Jeddah in the Kingdom of Saudi Arabia. Four regional offices were opened in Rabat, Morocco (1994), Kuala Lumpur, Malaysia (1994). Almaty, Kazakhstan (1997), and Dakar, Senegal (2008). It also has two country gateway offices in Ankara, Turkey and Jakarta (Indonesia) and field representatives in 14 member countries (Afghanistan, Azerbaijan, Bangladesh, Burkina Faso, Guinea, Iran, Mali, Pakistan, Sudan, Turkmenistan, Uzbekistan, Yemen, Mauritania and Libya).