SOCIAL ISLAMI BANK LIMITED

Company Introduction

Social Islami Bank Limited (SIBL) is a public limited company incorporated in Bangladesh under the Companies Act 1994. It commenced its operation on July 07, 1995. SIBL is a leading third-generation Islamic Shari'ah based bank in Bangladesh, committed to providing modern banking services while adhering to Islamic principles. The bank offers a wide range of financial products and services, including retail banking, corporate banking, SME banking, foreign exchange, and various deposit and investment schemes structured according to Shari'ah. Its mission is to contribute to the socio-economic development of the country by offering innovative and ethical financial solutions to its customers.

Factory or Trader

Social Islami Bank Limited is neither a factory nor a trader. It is a financial institution, specifically a commercial bank operating under Islamic Shari'ah principles. Its core business involves providing banking and financial services, not manufacturing goods (factory) or buying and selling physical commodities (trader).

Social Islami Bank Limited offers a range of Shariah-compliant banking products and services. These include:

Deposit Products

Mudaraba Savings Deposit Account

Mudaraba Special Savings Deposit Account

Mudaraba Term Deposit Account

Mudaraba Hajj Savings Account

Mudaraba Millionaire Savings Scheme

Mudaraba Double Benefit Deposit Scheme

Mudaraba Monthly Income Scheme

Mudaraba Education Savings Scheme

Mudaraba Marriage Savings Scheme

Mudaraba Foreign Currency Deposit Account

Al-Wadeeah Current Account

Mudaraba Short Notice Deposit Account

Investment Products (Financing)

Bai-Murabaha (for working capital, trade finance, consumer goods)

Bai-Muajjal (for capital machinery, project finance)

Ijara (leasing for equipment, vehicles)

Musharaka (partnership finance)

Mudaraba (equity participation)

Small and Medium Enterprise (SME) Financing

Agricultural Financing

Rural Investment Scheme

Housing Finance

Car Finance

Personal Investment Scheme

Card Products

Debit Cards (Visa, MasterCard)

Credit Cards (Visa, MasterCard, Shariah-compliant options)

Prepaid Cards

Digital Banking Services

Internet Banking

Mobile Banking (SIB iBanking App)

SMS Banking

ATMs (Automated Teller Machines)

Trade Finance

Letter of Credit (LC) Issuance

Export Bill Discounting

Import Financing

Bank Guarantees

Remittance Services

Inward and Outward Remittance Facilities

Western Union Services

MoneyGram Services

Other Correspondent Banking Services

Treasury Operations

Interbank Placements

Foreign Exchange Operations

Locker Services

Payroll Services