First Security Islami Bank Ltd. was incorporated as a limited company on 29 August, 1999 and received clearance from Bangladesh Bank (The Central Bank) on 22 September, 1999. The bank started functioning as a commercial bank from its first branch on 25 October, 1999.

First Security Islami Bank started its journey with a vision to develop itself as a modern Islami bank and to make effective contribution in national economy. At the same time it would work for sustainable growth to achieve trust of the stake holders for their money and share.

Besides the vision FSIB set its mission to build a customer caring and friendly banking environment. Modern Technology based fast and accurate service is its principle. Its function would be ethical and transparent at all levels. And its ultimate target is seamless growth for clients and positive contribution in national economy.

Commercial Banks across the country are being encouraged to distribute agricultural loan through non governmental organizations (NGOs) for accelerating the pace of agricultural extension programme of the government. As part of the programme, DAM Foundation for Economic Development (DAM) has undertaken an initiative in cooperation with First Security Islami Bank Ltd. to distribute agricultural loan among 8 thousand farmers of Asulia, Tongi, and Muksudpur of Dhaka as well as Sreepur and Shafipur areas of Gazipur Districts.