Social Islami Bank - Bangladesh BankInfoBD

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Social Islami Bank Ltd.

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Phone : +880-2-9559014, 9557499, 9568275, 9565647

Fax : +880-2-9568098
Email : info@sibl-bd.com, ceo@sibl-bd.com

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Head Office

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15, Dilkusha Commercial Area,

Dhaka-1000, Bangladesh.

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Government to allocate Tk5,000 crore

Description

Social Islami Bank was founded in 1995 as Social Investment Bank

to rescue four banks

Limited and changed its name to the present one on August 2009.

State banks see surplus capital on

public funds

SIBL has been running its activities through its 72 branches all over the

Directors' loan from banks made

country. It provides Islami banking facilities to its customers under the

difficult

supervision of a strong jury board. It provides all formal commercial banking

BB warns banks against excessive

services to people.

exposure to stocks
Bad loan writing off norms set for

Formal Banking Services

micro lenders
LC data of 5 banks ready for ACC

Formal banking services rendered by SIBL are Deposit Accounts, Deposit

probe

Schemes, Investment Banking, Foreign Exchange Trade and other routine

BB aims to lift economy but tame

jobs.

inflation

Mudaraba Savings Deposit, Al Wadiah Current Deposit, Mudaraba Term

Deposit and Mudaraba Notice Deposit are the deposit accounts provided by
SIBL.

Recent Posts
Debit Card/ Credit Card- Service

Mudaraba Term deposit is to be opened with a deposit of Tk.5000 minimum

Annoyance or Service Utility

from individual, joint farm, Public limited company or Local Government

A new era of school banking

organizations. After maturity you are allowed to withdraw the money along

Life Sketch of Plastic Money

with profit as decided by the bank.

Internet Banking in Bangladesh

HSBC Amanah-A Global Islamic

Mudarabe Notice Deposit requires a notice period before withdrawal of

Financial Service

money.

BRAC Bank's new SME SMS Alert

Service

Ten Deposit schemes are presently in function at SIBL. These are:

Mudaraba Monthly profit
Hajj Deposit Scheme

Banks Head into Deep Credit Risks

BRAC Bank's online shopping facility
in Bangladesh
Auto loan is getting popular in

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Mudaraba Millionaire Scheme

Bangladesh

Mudaraba special Deposit (Pension) scheme

Citi backs central bank's monetary

Mudaraba Term savings Scheme based on Monthly Deposit

stance

Mudaraba Education Savings Scheme

Mudaraba Bashastan Savings Scheme
Mudaraba double Benefit Deposit Scheme
Mudaraba Lakhopoti Deposit Scheme
Mudaraba Foreign Currency Term Deposit Scheme

Monthly Profit scheme is targeted to retired persons who can deposit a

substantial amount from his service benefits for a fixed period. He would get
a monthly profit from it.
Hajj Deposit Scheme is to help people for performing Hajj. A mutually
agreed monthly installment is to be deposited and profit earned as per
Shariah is added. After maturity you will get the money with total profit to
enhance your Hajj program.
Millionaire Scheme is a monthly deposit Scheme to achieve a total of taka 10
lacs along with profit after maturity. The duration of this scheme is 15, 20,
and 25 years. Accordingly the installment is decided. The profit is calculated
following Shariah.
Special Savings (Pension) Scheme is, as the name implies, for people in job
now and desire to have a regular income after retirement. Deposits are
made as monthly installments and after maturity you may have the total
amount at a time or as a monthly pension.
Term saving is also a monthly deposit scheme.
Educational expenditure is getting higher day by day. Still you must not
ignore your childrens education. So you would like to build up a fund for
future. Mudaraba Education Scheme is the solution.
Mudaraba Bashastan Savings Scheme is meant for solving your housing
problem. You have to deposit an installment of Tk.500 or any multiple of it
for a decided duration. After maturity you may expect a good amount to be
spent for your home.

Voluntary Banking
Voluntary Banking Sector is another field of SIBLs activity. This field
includes Cash Waqf Scheme and Mosque Waqf Property Development
Scheme.
Cash Waqf Scheme is designed for investment in the religious, social and
educational services. Well off and rich people are supposed to make the
investments and in the mean time response is good.
Mosque Waqf Property Development Scheme provides consultation to make
mosques and Waqf properties self sufficient and sustainable.

Non Formal Banking

In this area of banking SIBL offers schemes like Micro Investment Scheme,
Micro Enterprise Investment Scheme, Joint Scheme, Development and
Rehabilitation Scheme, and Joint Programs with ILO and UNICEF.
Micro Investment is a group based lending program aiming at improvement

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of the low income people of the society. Maximum amount to invest is Tk.
25000 for each case.
Micro Enterprise Investment Scheme contains three types of schemes. These
are Family Empowerment Micro-Enterprise Program, SMES and Small,
Medium & Micro Enterprise Development in collaboration with JOBS, USA. All
these schemes are prepared to create easy access of small entrepreneurs to
business capital.
A rehabilitation program for child labor in garment industries are under taken
by SIBL jointly with ILO. This program aims at complete elimination of child
labor.
Social Islami Bank Limited is always with modern thinking and up to date
technology. It has naturally introduced online banking, ATM service and any
branch banking like products. SIBL is prospering along with its clients and
partners and contributing to nation as well.

Established
Website

1995
http://www.siblbd.com

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