The Islamic Bank of Thailand (iBank) was established in 2002.[3]
The bank is 48.54 percent owned by the Thai Ministry of Finance, 39.81 percent by the Government Savings Bank, and 9.83 percent by Krung Thai Bank. The Ministry of Finance's direct shareholding in iBank is capped at 49 percent, but shareholdings by other state-owned banks mean that the government controls over 98 percent of iBank shares.[4][5]
iBank's Swift code is TIBTTHBK.[6] The bank's fiscal year runs from 1 January to 31 December. iBank operates in accordance with the principles of Islamic Sharia law as practiced in Islamic banking and finance. It serves all customers regardless of religious affiliation.[3]