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Social Islami Bank PLC: A Comprehensive Overview

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
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Social Islami Bank
Social Islami Bank
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

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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 [email protected]
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.# [email protected] 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.# [email protected] 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.# [email protected] 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.# [email protected] 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.# [email protected] 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.# [email protected] Details7Azadi Bazar Branch104Jamia Complex(1st Floor). Dharmapur. Azadi Bazar. Fatickchari. Chattogram195150731Mr. Md. Asgar Khan
Designation# AVP
Mobile No.# 8801713139104
Email.# [email protected] Details8Babu Bazar Branch931. Nawab Yousuf Road. Naya Bazar. Dhaka.195270558Mr. Md. Nurul Alam
Designation# SVP
Mobile No.# 8801713139009
Email.# [email protected] 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.# [email protected] Details10Bakalia Branch167Epic Noor Landmark ( 1st Floor), Mia Khan Road, PS-Bakalia, Dist-Chattogram195150999Mr. Shaiful Alam Chowdhury
Designation# AVP
Mobile No.# 01713139167
Email.# [email protected] Details

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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 : [email protected]

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.


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