SHAHJALAL ISLAMIC BANK LIMITED

SHAHJALAL ISLAMIC BANK LIMITED is neither a factory nor a trader. It is a financial institution, specifically a commercial bank.

Company Profile:

Industry: Financial Services, Banking

Type: Private Commercial Bank

Headquarters: Bangladesh

Establishment: 2001

Core Business: Shahjalal Islamic Bank Limited operates as a private commercial bank in Bangladesh, offering a comprehensive range of Shariah-compliant banking products and services. Its core business includes accepting deposits, providing financing facilities (such as trade finance, project finance, and consumer loans), foreign exchange services, money transfer, internet banking, mobile banking, and ATM facilities. The bank aims to cater to the financial needs of individuals, small and medium enterprises (SMEs), and large corporations, contributing to the economic development of the country while adhering to Islamic principles.

SHAHJALAL ISLAMIC BANK LIMITED offers a range of Shariah-compliant banking products and services. These primarily include:

Deposit Products:

Mudarabah Savings Account

Mudarabah Term Deposit Account

Al-Wadiah Current Account

Mudarabah Special Notice Deposit Account

Hajj Deposit Scheme

Monthly Savings Scheme

Monthly Income Scheme

Millionaire Deposit Scheme

Education Savings Scheme

Marriage Savings Scheme

Financing Products (Shariah-compliant alternatives to loans):

Murabaha (Cost-plus financing for trade and consumer goods)

Ijarah (Leasing facilities for assets)

Musharaka (Partnership financing)

Mudarabah (Investment financing)

Bai-Salam (Advance payment for future delivery of goods)

Bai-Istisna (Financing for manufacturing or construction)

Hire Purchase under Shirkatul Melk (HP-SM) for real estate and vehicles

Trade Finance Services:

Letter of Credit (LC) for import and export under Murabaha or Musharaka

Letter of Guarantee (LG)

Local Bills Purchase/Discounting

Remittance Services:

Inward Remittance

Outward Remittance

Card Services:

Debit Card (linked to current and savings accounts)

Other Services:

Locker Services

Online Banking

SMS Banking

Mobile Banking Application

Collection of Utility Bills

Government Treasury Transactions