Banks in this era represent a basic and vital pillar in modern economic systems due to the functions and activities they engage in. The activity of banks is no longer limited to short-term credits such as receiving current deposits from individuals and projects, transfer fees and providing short-term loans, but the scope of their operations has expanded to many aspects of the activities that business banks provide to their customers such as providing the industrial sector and public authorities with long-term credits as well as purchasing governmental and non-governmental bonds and effective and basic participation in comprehensive development in all important fields in people's lives, such as financing industrial, agricultural and real estate projects and other fields. All of the above confirms the importance of the commercial functions of banks and the great role they play in supporting and improving the modern global economy. They are undoubtedly a strong support and impetus to the wheel of economic and civilized progress at all times and everywhere.
In light of the foregoing, we realize the importance of establishing Logon Financial Bank (LFB) as a private commercial development bank, being established, distinguished by its unique character that combines the functions of commercial banks and development banks, which, Allah willing, operates according to the Islamic banking system.
May Allah grant us and you the success for the benefit of people now and in the future.
Chairman & Founder
Ibrahim Moussa Addiker