ABSTRACT

This chapter explores how dedication and support from a group of people who had a clear vision could build a financial giant that defied the traditional profit maximization capitalist vision. It reflects and reviews data obtained through communicating with people actively involved in establishing IBBL through interviews, and participant observation that includes informal conversations. The chapter presents the result of the interview in a form of a story of the birth of IBBL. Out of all the banks based in Bangladesh and around the world, IBBL stands out as the most successful one and warrants a closer look. Various government initiatives and various seminar discussions and training programs have created optimism among the common people only about the Islamic Sharia-based banking system. The Islamic banking sector of Bangladesh, due to popular support and market demand, continued to grow at a rapid pace, which is reflected by the increasing branch network of Islamic Banking Institutions.