TO SOCIAL ISLAMIC BANK LTD

Nature of Business: Neither a factory nor a trader. Social Islami Bank Limited is a private commercial bank.

Company Introduction:

Social Islami Bank Limited (SIBL) is a prominent private commercial bank in Bangladesh, established in 1995. It operates on the principles of Islamic Sharia, providing a comprehensive range of Sharia-compliant banking products and services to individuals, small and medium enterprises (SMEs), and corporate clients.

SIBL's core activities include:

* Accepting various types of deposits such as savings accounts, current accounts, and Mudaraba-based deposits.

* Offering investment facilities (financing) structured on Islamic modes like Murabaha, Mudaraba, Musharaka, and Ijarah.

* Facilitating foreign exchange transactions and international trade finance.

* Providing efficient remittance services for expatriate Bangladeshis.

* Delivering modern banking conveniences including ATM services, online banking, and mobile banking.

* Offering locker services and other ancillary banking facilities.

The bank is dedicated to contributing to the socio-economic development of Bangladesh by providing ethical and equitable financial solutions, fostering economic growth, and promoting social justice through its operations. SIBL maintains a strong commitment to customer satisfaction, robust corporate governance, and community welfare, strictly adhering to Islamic Sharia laws in all its banking practices. It serves its clientele through an extensive network of branches across the country.

Social Islami Bank Limited (SIBL) in Bangladesh offers a comprehensive range of Shariah-compliant banking products and services.

Its deposit products include Al-Wadi'ah Current Accounts, Mudarabah Savings Accounts, Mudarabah Special Notice Deposit Accounts, Mudarabah Fixed Deposit Accounts, Mudarabah Monthly Savings Deposit Schemes, Mudarabah Monthly Profit Deposit Schemes, Mudarabah Millionaire Deposit Schemes, Mudarabah Double Benefit Deposit Schemes, Mudarabah Triple Benefit Deposit Schemes, Mudarabah Lakhpati Deposit Schemes, Mudarabah Kotipati Deposit Schemes, Mudarabah Hajj Savings Schemes, Mudarabah Marriage Savings Schemes, Mudarabah Education Savings Schemes, Mudarabah Pension Savings Schemes, Mudarabah NRB Savings Accounts, Mudarabah Senior Citizen Savings Accounts, Mudarabah Women Savings Accounts, and Mudarabah Children Savings Accounts.

For investment and financing, the bank provides various Shariah-compliant schemes such as Bai-Muazzal for general, consumer, small business, car, and housing financing. It also offers Murabaha for working capital and trade finance, Ijarah for leasing vehicles and equipment, Hire Purchase under Shirkatul Meelk (HPSM) for housing and car financing, Musharakah, and Mudarabah. Specialized investment schemes are available for SME businesses, agriculture, and women entrepreneurs.

Card services include SIBL Debit Cards (Visa and MasterCard), SIBL Credit Cards (Visa and MasterCard, including Islamic versions), and SIBL Prepaid Cards.

Digital banking facilities encompass SIBL NOW mobile banking app, Internet Banking, SMS Banking, ATM services, and POS services.

Foreign exchange and remittance services cover inward remittances, export services like LC Advising, Negotiation, and Collection, import services including LC Opening, LIM, and LTR, and foreign currency accounts.

Other services provided by Social Islami Bank Limited include Locker Services, Treasury Services, Custodial Services, and Government Securities Transaction facilities.