Social Islami Bank PLC: A Comprehensive Overview
Social Islami Bank PLC (SIBL) is a prominent name in the banking industry of Bangladesh. Established with the mission to provide ethical and innovative financial solutions, SIBL has been a significant player in the financial sector. This article delves into the various aspects of Social Islami Bank PLC, including its history, services, technological advancements, and contributions to the community.
Social Islami Bank PLC
| Registered Name | Social Islami Bank PLC |
| Legal Status | Public Limited Company |
| Logo |
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| Established | 1995 |
| Type | Private Bank |
| Category | Commercial Bank |
| Origin | Local Bank |
| Services | · Retail Banking
· Institutional Banking · SME Banking · Investments · Deposits · School Banking · VISA Credit Cards · Offshore Banking |
| More Resources | |
| Corporate Address | City Center, Level 19-22, 90/1 Motijheel Commercial Area, Dhaka 1000, Bangladesh. |
| Telephone | +880 961 200 1122 |
| Fax | +880 2 7113481 |
| E-mail Address | info@sibl-bd.com |
| Website | www.siblbd.com |
| SWIFT Code | SOIVBDDH |
| Code | 195 |
| Stock Code | SIBL - DSE CSE |
| Service Hours | Sunday: 10:00 am - 4:00 pm Monday: 10:00 am - 4:00 pm Tuesday: 10:00 am - 4:00 pm Wednesday: 10:00 am - 4:00 pm Thursday: 10:00 am - 4:00 pm Friday: Closed Saturday: Closed |
Branches
1Agargaon Branch13New Lions Bhaban. (Beside old Location) West Agargaon (Beside BCS Computer City). Dhaka 1207. .195262140Mr. A.S.M. Zia Haider
Designation# SVP
Mobile No.# 8801713139013
Email.# agargaon@sibl-bd.com1999-09-23 Details2Agrabad Branch4Agrabad Branch. World trade Centre(2nd Floor). 102/103 Agrabad C/A. Chattogram.195150131Mr. Mohammad Towfiqul Islam
Designation# Senior Vice President
Mobile No.# 01713139004
Email.# agrabad@sibl-bd.com1996-04-10 Details3Akhaura Branch89Sarker Plaza(opposite to Akhaura Poura Bhaban). Sorok Bazar Road. Holding No-3. Ward No-4. P.O. & P.S- Akhaura. Brahmanbaria.195120040Mr. Md. Tazul Islam
Designation# AVP
Mobile No.# 8801713139089
Email.# akhaura@sibl-bd.com2013-05-18 Details4Alanker More Branch76S.M. Metro Center, 796/936 D.T Road, Alanker Moore, Uttor Pahartoly, Chattogram.195150144Mr. Mohammad Mahfuz Amin
Designation# Vice President
Mobile No.# 8801713139076
Email.# alankar@sibl-bd.com2011-10-27 Details5Anderkilla Branch144Arunaloy. Holding no.06. Momin Road. Road No. 06. Ward no. 32 . Chattogram City Corporation. PS Kotowali. Dist.- Chattogram.195150465Mr. Borhan Uddin
Designation# SVP
Mobile No.# 8801713139144
Email.# anderkilla@sibl-bd.com2018-06-24 Details6Ashulia Branch108Plot no-82.99. Mouza-Baipail. Bashundhara, Block-B. Bogabari Bazar. P.S.-Ashulia. Upazila-Savar. Dhaka195260221Mr. Abdulla-Al-Mamun
Designation# FAVP
Mobile No.# 8801713139108
Email.# ashulia@sibl-bd.com2015-06-11 Details7Azadi Bazar Branch104Jamia Complex(1st Floor). Dharmapur. Azadi Bazar. Fatickchari. Chattogram195150731Mr. Md. Asgar Khan
Designation# AVP
Mobile No.# 8801713139104
Email.# azadibazar@sibl-bd.com2015-06-07 Details8Babu Bazar Branch931. Nawab Yousuf Road. Naya Bazar. Dhaka.195270558Mr. Md. Nurul Alam
Designation# SVP
Mobile No.# 8801713139009
Email.# babuba@sibl-bd.com1998-04-26 Details9Bagerhat Branch88Social Islami Bank Ltd.13. Khan Jahan Ali Road. Bagerhat Pourashava. Bagerhat.195010071Mr. Md. Nazrul Alam Ali Reza
Designation# SAVP
Mobile No.# 8801713139088
Email.# bagerhat@sibl-bd.com2012-11-29 Details10Bakalia Branch167Epic Noor Landmark ( 1st Floor), Mia Khan Road, PS-Bakalia, Dist-Chattogram195150999Mr. Shaiful Alam Chowdhury
Designation# AVP
Mobile No.# 01713139167
Email.# bakalia@sibl-bd.com2020-12-10 Details
| Branch Code: | 13 |
| Address: | New Lions Bhaban. (Beside old Location) West Agargaon (Beside BCS Computer City). Dhaka 1207. . |
| District: | Dhaka |
| Division: | Dhaka |
| Routing: | 195262140 |
| Phone: | (02)8115789,8141671 (IP): 09612001122 Ext.:71301,71302 |
| Fax: | 02-8115789 |
| Email: | agargaon@sibl-bd.com |
| Manager Info: | Mr. A.S.M. Zia Haider SVP 8801713139013 |
| Branch Code: | 4 |
| Address: | Agrabad Branch. World trade Centre(2nd Floor). 102/103 Agrabad C/A. Chattogram. |
| District: | Chattogram |
| Division: | Chattogram |
| Routing: | 195150131 |
| Phone: | 02333314041, 02333314041, 02333320084, IP 09612001122 Ext. 70401,70402 |
| Fax: | 031-710084 |
| Email: | agrabad@sibl-bd.com |
| Manager Info: | Mr. Mohammad Towfiqul Islam Senior Vice President 01713139004 |
| Branch Code: | 89 |
| Address: | Sarker Plaza(opposite to Akhaura Poura Bhaban). Sorok Bazar Road. Holding No-3. Ward No-4. P.O. & P.S- Akhaura. Brahmanbaria. |
| District: | Brahmanbaria |
| Division: | Chattogram |
| Routing: | 195120040 |
| Phone: | IP:09612001122 Ext.78901, 78902 Ext. 78901,78902 |
| Fax: | |
| Email: | akhaura@sibl-bd.com |
| Manager Info: | Mr. Md. Tazul Islam AVP 8801713139089 |
| Branch Code: | 76 |
| Address: | S.M. Metro Center, 796/936 D.T Road, Alanker Moore, Uttor Pahartoly, Chattogram. |
| District: | Chattogram |
| Division: | Chattogram |
| Routing: | 195150144 |
| Phone: | (02)43151180, 43151179, 43151178, IP:09612001122 Ext.77601,77602 |
| Fax: | |
| Email: | alankar@sibl-bd.com |
| Manager Info: | Mr. Mohammad Mahfuz Amin Vice President 8801713139076 |
| Branch Code: | 144 |
| Address: | Arunaloy. Holding no.06. Momin Road. Road No. 06. Ward no. 32 . Chattogram City Corporation. PS Kotowali. Dist.- Chattogram. |
| District: | Chattogram |
| Division: | Chattogram |
| Routing: | 195150465 |
| Phone: | 09612001122 Ext.: 84401; 84402 Ext. 84401,84402 |
| Fax: | |
| Email: | anderkilla@sibl-bd.com |
| Manager Info: | Mr. Borhan Uddin SVP 8801713139144 |
Social Islami Bank PLC
City Center, Level: 19-23, 28 and 29
90/1, Motijheel Commercial Area
Dhaka-1000
SWIFT Code: SOIVBDDH
Phone :+88-09612001122
Email : info@sibl-bd.com
History and Background
Social Islami Bank PLC was founded in 1995 with a vision to offer Shariah-compliant banking solutions. Over the years, the bank has evolved, expanding its services and increasing its footprint across Bangladesh. SIBL’s journey has been marked by a commitment to ethical banking and financial inclusion, which has set it apart from traditional banks.
Vision and Mission
The vision of Social Islami Bank PLC is to become a leading Islamic bank that offers modern and innovative financial products while adhering to Islamic principles. The bank’s mission revolves around providing quality service, maintaining high ethical standards, and contributing to the social and economic development of the country.
Product and Service Offerings
Retail Banking
Social Islami Bank PLC offers a range of retail banking products designed to meet the needs of individual customers. These include:
- Savings Accounts: Designed to help customers save and grow their money with competitive profit rates.
- Current Accounts: Providing flexible and easy access to funds for everyday banking needs.
Corporate Banking
For businesses, SIBL provides various corporate banking services, including:
- Loans and Credit Facilities: Tailored financial solutions to support business growth and operations.
- Trade Finance: Facilitating international trade through letters of credit, guarantees, and other services.
Islamic Banking Products
SIBL is committed to offering Shariah-compliant financial products, such as:
- Shariah-Compliant Financing: Providing financing options that adhere to Islamic law.
- Investment Accounts: Offering profit-sharing investment accounts for customers looking for ethical investment opportunities.
Technological Advancements
In today’s digital age, Social Islami Bank PLC has embraced technology to enhance customer experience and service delivery. The bank has launched several digital banking initiatives, including:
- Mobile Banking: Allowing customers to perform banking transactions on their smartphones.
- Internet Banking: Providing convenient online access to banking services, including fund transfers, bill payments, and account management.
Branch Network and Accessibility
SIBL boasts a comprehensive branch network across Bangladesh, ensuring accessibility for its customers. The bank has numerous branches and ATMs strategically located to serve urban and rural areas alike, making banking convenient for everyone.
Customer Service and Experience
Customer satisfaction is at the core of SIBL’s operations. The bank adopts a customer-centric approach, constantly seeking feedback and implementing improvements to enhance service quality. Whether through in-branch interactions or digital platforms, SIBL aims to provide a seamless and satisfactory banking experience.
Financial Performance
Social Islami Bank PLC has demonstrated robust financial performance over the years. Key financial indicators and recent financial reports highlight the bank’s stability and growth. This solid performance underscores SIBL’s ability to meet its financial commitments and support its expansion plans.
Corporate Social Responsibility (CSR)
SIBL is deeply committed to corporate social responsibility. The bank undertakes various CSR initiatives aimed at community development, education, healthcare, and environmental sustainability. These programs reflect SIBL’s dedication to making a positive impact on society.
Awards and Recognitions
Over the years, Social Islami Bank PLC has received numerous awards and recognitions for its excellence in banking and contribution to society. These accolades underscore the bank’s industry leadership and commitment to quality service.
Management and Leadership
Strong leadership is a cornerstone of SIBL’s success. The bank is led by a team of experienced professionals dedicated to driving the bank’s vision and mission. The organizational structure supports efficient decision-making and effective management.
Challenges and Opportunities
Like any financial institution, SIBL faces challenges such as regulatory changes and market competition. However, the bank is well-positioned to capitalize on opportunities, including the growing demand for Islamic banking and advancements in financial technology.
Strategic Partnerships and Collaborations
SIBL has forged strategic partnerships and collaborations with various organizations to enhance its service offerings and reach. These partnerships help the bank to provide more comprehensive solutions to its customers and foster innovation.
Customer Testimonials
Many customers have shared positive experiences with Social Islami Bank PLC, highlighting its commitment to service quality and ethical banking. These testimonials reinforce the bank’s reputation and customer loyalty.
Conclusion
In conclusion, Social Islami Bank PLC stands out as a pioneering institution in the Islamic banking sector. Its commitment to ethical banking, technological innovation, and community development makes it a vital player in Bangladesh’s financial landscape. As SIBL continues to grow, it remains dedicated to its mission of providing Shariah-compliant financial solutions and contributing to the nation’s socio-economic progress.
FAQs
1. What makes Social Islami Bank PLC unique?
Social Islami Bank PLC is unique due to its commitment to Shariah-compliant banking, offering ethical and innovative financial solutions while prioritizing social responsibility and customer satisfaction.
2. How does the bank ensure compliance with Shariah law?
The bank has a dedicated Shariah Supervisory Committee that oversees all products and services to ensure they comply with Islamic principles, providing guidance and regular audits.
3. What are the benefits of using Social Islami Bank PLC’s digital banking services?
SIBL’s digital banking services offer convenience, allowing customers to perform transactions, manage accounts, and access services anytime, anywhere through mobile and internet banking.
4. How does the bank contribute to community development?
SIBL undertakes various CSR initiatives focused on education, healthcare, and environmental sustainability, positively impacting community development and social welfare.
5. What are the future plans of Social Islami Bank PLC?
The bank aims to expand its branch network, enhance digital banking capabilities, and introduce more innovative Shariah-compliant products to meet evolving customer needs and market demands.