History of Co-operative Banking

Coordinators introduction: In the 14th century, Cordoba of Spain. Allama al-Razi (R) started the introduction of the first co-corporate by establishing "Ruhma Society". After the fourteenth century, after the fourteenth century, in 1857, in the 1860s in British Columbia, the co-operative expansion was achieved through the establishment of a cooperative society in the state initiative. But almost fifty years later, in 1904, the co-operative journey started in our land in undivided Bengal. The cooperative program was created from 1905 onwards. In rural Bengal the laborers were able to play an active role in socio-economic development by creating large capital through labor, day laborers, folk festivals and small scale storage in a planned way. Through socio-economic upliftment of the micro-credit program, savings and loaning associations, agricultural associations, weavers, jointly organized banks, union multipurpose societies, rural development (program) and cooperative societies from across the world, through refinement of their own gorabas. The unprecedented improvement and reform of the state and society was achieved. And the countrys full-blown flag flows across the horizon. Through socio-economic upliftment of the micro-credit program, savings and loaning associations, agricultural associations, weavers, jointly organized banks, union multipurpose societies, rural development (program) and cooperative societies from across the world, through refinement of their own gorabas. The unprecedented improvement and reform of the state and society was achieved. And the countrys full-blown flag flows across the horizon.

Background of Cooperative Bank: To meet the financial needs of the state and society and to ensure the business of the merchants - trade and financial transactions - The only center of reliance on security and financial support is the existing banking system of modern civil society. In the seventeenth century people never heard the word "bank" and did not even know it. Through co-operatives (at the end of the eighteenth century) in 1894, the first time in the world, the Credit Agricole Bank in France started the journey of banking sector in the world by introducing Credit Agricole Bank. Shamroo Vithal Co-oparative Bank Ltd. in 1906 in Mumbai, India, in the Indo-Pakistani Subcontinent. Was established. In a word, in the context of overall development and progress of socio-economic and infrastructure, the co-operative is a successful experimental sector that has passed since the centuries. The main objective of cooperative success is to identify interest and majestic business. Co-operatives are established on the basis of human welfare religion, interest-free business policies and norms. But for the fateful reason, in the devastating war of deceit and civilization in Spain, the Muslim nation was destroyed in the abyss of destruction, the power of the state, the loss of property and the oppressed and cruelty of interest and exploited.

In the same way, the existence of humanity on the basis of the benefits and losses in the harmony and collateral view of the whole welfare, brotherhood, love, equality, harmony and mutual co-operation, sympathy and parallel views, in the principles of the divine order and Sunnah, to protect humanity and belief values as a means of salvation. Barlul Islam (Ejalams gateway) is known for its protection, Bar Awali full well Chattalbandhu Sinhaladil Sahasi Moddemine, Maulana Moniruzzaman Islamabadi, Khan Bahadur Badi Ahmad, KB Jalal Uddin (former minister), Munshi Riaz Uddin (Lawyer), Maulvi Muhammad Ali, KB Abdus Sattar, Principal Kamal Uddin, and 10 others were present in Chittagong. In the year 1910, the Islamabad Town Co-operative Bank was established by the courageous initiative of 12/12 society. In 1916, "The Muslim Co-operative Bank" was established in the North East Corner of Parade Maidan. It is true, however, that in 1918, that bank, some people used to set a conspiracy to burn the darkness of the night and burn it completely. This resulted in the fame of the people of the people who grew up in the heart of the people, and the sparkling flames fluttering the throne of God in Gaganbhai. Just did not stop there. The then Circle Deputy Magistrate Moulvi Ayub Ali, Maulana Moniruzzman Islamabadi, Khan Bahadur Mou Ziaul Haq Rohini, Moulvi Bashirullah Maher Mosharul Islam (BLUQ) Syed Abdul Awal, Maulana Abul Ala Md. Nurullah, A DM Mohammed Molla Prakash Jamshed Ukil, Ali Mia Chowdhury, Captain Sekendar Hossain, Khan Saheb Amin Mia, Maulvi Junab Ali Chowdhury, Maulvi Sandeep weep Hossain Mia, among others, organized in 1920 the town hall complex on 3rd August 1922 57 / c number by registering "Sandeep The Central Co-operative Bank Ltd" was founded. In the same Soviet formula, Muslim Muslim Doctor Allama Iqbal and Ramzan Omar Sheikh founded the Muslim Co-operative Bank in the Indigenous Indian-Indian subcontinent. In 1932, Shariqat al-Jame al-Islami was established in Bahrain.

In 1940, Haayyatul Ejatemayatul Khayaratul Islami was established in Egypt. In 1944, Japan co-oparative Bank Ltd. Founded and completed in 1946. In 1954, the largest Shariah-based co-operative bank Al-Raqayet was established in Malaysia. Islami Banking system started in 1957 with establishment of Credit Bank in Egypt and subsequent Islamic activities. Pilgrims Saving Corporation was established in 1963. In the same year, another bank, Mit Ghamr Savings Bank, was established in Egypt. Meanwhile, after dividing the country on the basis of two-nation theory, the bank was based on Shariah-based Islamization by amending the full Sub-Act of the Sandwip Central Co-Operative Bank Ltd. in 1963. In 1967, Al-Amanah Investments Co-Operative Bank was established in Nigeria. In 1971, in the Berhad of Malaysia, Kiswah Sharikat (Ang kasa) Aqsa was established. In 1975, the International Islamic Development Bank was established in Jeddah. In 1978, the Islamic Economic Research Bureau was established in Bangladesh. In the establishment year, the organization organized the conference of Chamber of Commerce and Industries of Muslim countries to establish Islami Bank, Islamic Insurance, Islamic Co-operative Bank and Financial Institutions. As the first success of the conference, Luxembourg (UK) Islamic Co-operative Development Bank was established in 1978. In 1979, the workshop of the Islamic Commodity Exchange was held in Jeddah. In that year, Islamic co-operatives were founded in Khartoum, Sudan and Qatar in Doha.

In 1980, in the conference of the Muslim Business Society in Dhaka, in order to establish Islami Bank, Islamic Insurance, Islamic Co-operative Bank, and Financial Institutions, in the light of the free Islamic Shariah system, in order to present the recommendations in 10-point formation; The government took it and formed a committee to implement it. Dar-Almal al-Islami was established in Geneva in 1981. In 1982, International Islamic Bank was established in Denmark. In 1982, Conference for Process for Islamization & Islamic Commission for Islamic Economics was held. In that way, Islami Bank Bangladesh Limited was established in 1983. In 1985, at the initiative of Rabeta-Al-Alam-al-Islami, Islamic countries and Islamic Co-operative Banks and Financial Institutions were established in the Maldives, Sudan, Tunisia, Saudi Arabia, Iran and Indonesia.

This initiative facilitates the establishment of Islamic Co-operative Bank in Bangladesh much more. In the beginning of the twenty-first century, in the beginning of the twenty-first century, some enthusiastic youths of the society tried to create a conquest of the Muslim Co-operative Bank in order to wage the victory of the Bijoyanti in Manas, in order to fulfill the long wishes of the huge Muslim population. As a part of that, the Sandwip Central Co-operative Bank Limited, which inherited one-time traditional heritage resources in 2003, lost all due to river erosion and lost the sea with buildings. The Bangladesh Samabaya Bank Limited and the Bangladesh Bank have accumulated a small amount of debt to the Bangladesh Co-operative Bank; The joint registrar, departmental co-operative department, Chittagong, government and co-operative department gave instructions before concluding or termination by coordinating with him. In 2005, the District Cooperative Officer Syed Hafiz Mahamud Milu sent the letter to the Co-operative Department through appropriate authority requesting for consideration of the decision and on the basis of the informed decision of the Co-operative Department, the District Cooperative Officer, Chittagong was looking for a suitable candidate; In this case, since the founding of this bank, three men have been looking for sponsor director who have been in charge of this bank. After discharging the responsibilities, after reinstatement, the bank repatriates the members society by reducing the shareholding and allotment of the existing shareholders through the alternate and renewing the sponsored director of the bank and the re-establishment of the bank by collecting the capital. Who has given the responsibility of the Mohti.

He is the Managing Director of the bank SAM. Noor Hossain As a comrade, he kept Professor Mufizur Rahman and Muhammad Shamuddin together. The first interim management committee was formed and approved by the three people. In order to reach Manzil Maqshud, the mission of endless advent of the mission, to build the structure and activities of the regular committee, after bringing the sinking Titanic of the Bay of Bengal, the Sandwip Central Co-operative Bank Ltd., brought the same as the diamond and pearl-manik and brought it to life. The Co-operative Department directs the transfer of the bank from safe-haven to a safe distance; Regarding the registration of the bank with the name and address of the bank, the joint registrar departmental co-operative department was submitted to Chittagong for the registration of the sub-rule according to the rules.

In this case, without the registration of the sub-section amendment of the bank, as a result of misfortune, some harassment is done in many cases against the conspiracy of some miscreants. Finally, on April 12, 2014, on the date of April 12, 2014, on the date of April 12, 2014, the order of the Supreme Court of the Appellate Division of the Supreme Court, on behalf of the High Court Division of the Supreme Court, 30/04/2013, and by the Cooperative Office, the name of the Sandwip Central Co-operative Bank Ltd. "Islamic Co-Operative Bank Ltd". According to the amended sub-section, Kerr ordered operations. Ministry of Rural Development and Cooperatives Ministry of the Ministry of Health, Ministry of State and Secretary of the Ministry of Health No. 47.032.02.20.26.22.22.22.260, 19th January, 1421 Bangla Tattamil, 2nd June, according to the order of the Supreme Courts Appellate Division. In the beginning of 2014, the registrar directs the Cooperative Directorate to issue the registration certificate of the sub-law amendment to the bank. In this case, the bank has formed an independent supervisory Shariah Council, and an Advisory Council with the people of the country, formed the International Advisory Council with the international personality, the legalist, and the scholarly Olayama-Mashaykh, the eminent economist, the legalist, and cooperative experts and Islamic thinkers. Oh Nkaradera sambanaye form Legal Council. Apart from this, the bank has established the ICBL Research and Training Institute in its own premises to create skilled, experienced and well-trained staff force, in order to provide the desired service.

As a result, everyday crow like a long-neglected a large Muslim population hopes and aspirations of the symbols of Islamic Co-operative Bank Ltd., the introduction and expansion means south of the countrys huge population doorstep of Islamic Co-operative banking and the benefits of reaching the poor and the interest-free, prosperous, self-reliant Bangladesh side in the role Will be able to (Inshallah) In the end, the only difference between the great Allah and Allah, for the welfare of the people, keep the "slamic Co-Operative Bank Ltd." in a steady and ever-awakening. Amin.

Bank Registration Number: 57 / C, Date: 03rd August 1922

Approved capital: 400,00,00,000 (400 crores), type of shares: mixed society.Share classes: Share sponsorship shares, share order shares (member gold), deposits shares, share investment shares, shares of shares, shareholders' shares, shareholders, shareholders, non-resident shares