Social Islami Bank Limited
Formerly | Social Investment Bank Limited |
---|---|
Industry | Banking and financial services |
Founded | Dhaka, Bangladesh |
Headquarters | , City Center, Motijheel, , Bangladesh |
Key people | Mr. Md. Mahbub ul Alam[1](chairman) Zafar Alam (managing director)[2] |
Products | Banking services Consumer Banking Corporate Banking Investment Banking Islamic Banking |
৳668 crore (US$79 million) (December,2018) | |
Website | siblbd |
Social Islami Bank Limited (SIBL) (Bengali: সোশ্যাল ইসলামী ব্যাংক লিমিটেড) is a Shari'ah based islami bank in Bangladesh. It was established on 22 November 1995 as Social Investment Bank Limited. Later it changed name to Social Islami Bank Limited. Up to October, 2021, SIBL has 172 branches including 22 AD (Authorized Dealer) branches, 104 subbranches & 200 agent banking outlets.[3][4]
History[]
Social Islami Bank Limited is a Sharia compliant bank in Bangladesh which started operations on 22 November 1995.[5] SIBL was founded by M. A. Mannan, Dr. Hamid Al Gabid, Former Secretary General of O.I.C., Dr. Abdullah Omar Nasseef, and Ahmed M. Salah Jamjoom, Former Commerce Minister, Kingdom of Saudi Arabia. It is a public limited company registered under the Companies Act of 1994 and regulated by Bank Company Act 1991. The bank is an Islamic bank, based on Islamic Sharia law forbidding usury.[6]
The Bank engages in corporate social responsibility through donations.[7]
[]
Type | Percentage |
---|---|
Sponsor/Director | 30.23% |
Institute | 48.10% |
Foreign | 1.36% |
Public | 20.21% |
Subsidiaries[]
01. SIBL Securities Limited (SIBLSL)[9]
02. SIBL Investment Limited (SIBLIL)
Banking Products and Services[]
- Investment Products
- Bai-Muazzal
- Hire Purchase under Shirkatul Melk
- HPSM-Ijara
- Murabaha
- Musharaka
- Quard and others
- Deposit Products
- Mudaraba[10] Scheme Deposits
- Al Wadiah Current Account
- Mudaraba Savings Deposit
- Mudaraba Savings Deposit
- Mudaraba Term Deposit
- Cash Waqf Deposit
- Card Products
- SIBL Credit Card
- SIBL Zameel Debit Card
- SIBL Hajj Card
References[]
- ^ "The Daily Star". The Daily Star Online Version.
- ^ "SIBL gets new MD". The Daily Star.
- ^ https://www.siblbd.com/home/agent_banking
- ^ ঢাকা ও চট্টগ্রামের বাইরে ব্যাংকের বিনিয়োগের সুযোগ সীমিত. Prothom Alo (in Bengali). Retrieved 26 November 2019.
- ^ "SIBL". www.siblbd.com. Retrieved 25 January 2016.
- ^ "Islamic banking moving fast for economic exigencies: SIBL chief". Retrieved 25 January 2016.
- ^ "The Financial Express". The Financial Express Online Version. Retrieved 25 January 2016.
- ^ "Display Company Information". www.dsebd.org. Retrieved 30 March 2019.
- ^ "SIBL". www.siblbd.com. Retrieved 29 March 2019.
- ^ "Mudaraba – Islamic Finance WIKI". wiki.islamicfinance.de. Retrieved 29 March 2019.
External links[]
- Banks of Bangladesh
- Companies listed on the Dhaka Stock Exchange
- Banks established in 1995
- Islamic banks of Bangladesh
- Bangladesh stubs