Social Islami Bank Limited SIBL is a Shari’ah-based Islami bank in Bangladesh. It was established on 22 November 1995 as Social Investment Bank Limited. Later it changed its name to Social Islami-Bank Limited. Up to October 2021, SIBL has 172 branches including 22 AD (Authorized Dealer) branches, 104 subbranches & 200 agent banking outlets.
Founded in 1995, Social Islami Bank PLC. (SIBPLC) is the country’s leading value-added financial institution based on Shariah’ Principles. SIBL comprises of SIBL Securities Ltd, SIBL Investment Ltd, SIBL Foundation Hospital. The three-tier banking model (Formal, Non-formal & Voluntary), the first of its kind in the banking arena of Bangladesh, brings a new dynamism in welfare banking targeting eradication of poverty of the country with a motto of “Working Together for a Caring Society”. Working closely with our valued clients and stakeholders to provide them one-stop services, access to the very latest products using technology. Our unrivaled customer services has made us unparalleled in the industry. We build a long-term business partnership with our clients helping them grow profitable.
We are always ready to serve you with 4000 employees in 179 branches and 213 subbranches across the country. It has also 375 Agent Banking Outlets to cater financial services to the remotest parts of the Land.
The strong conviction to create a caring society is the cornerstone of SIBL’s all activities. We feel a strong affinity to the emotions of people. We believe that only banking activities can’t usher our society to a just and equitable stage. Thus we are extensively engaged in CSR activities on humanitarian grounds. We work in the fields such as from poverty eradication to family empowerment. Unlike others, the Bank’s criteria for success are not only the key objective to make profit but also landmarks to become the country’s most humanitarian and complete Bank.
Social Islami Bank Limited
The government’s vision for the country, as contained in the NIS, is ‘A happy & prosperous Golden Bengal’. To that end, the Government is committed to implementing the NIS to achieve the Mission that ‘Establishment of good governance in state institutions and society.
The NIS is an instrument to enhance the integrity and eliminate corruption within institutions. Improved honesty and morality in people, policies, and procedures are seen as a vehicle to address and rectify the crisis of integrity that the institutions are presently in.
History of Social Islami Bank
Social Islami-Bank Limited is a Sharia-compliant bank in Bangladesh that started operations on 22 November 1995. SIBL was founded by M. A. Mannan, Dr. Hamid Al Gabid, Former Secretary-General of O.I.C., Dr. Abdullah Omar Nassef, and Ahmed M. Salah Jamjoom, Former Commerce Minister, Kingdom of Saudi Arabia. It is a public limited company registered under the Companies Act of 1994 and regulated by the Bank Company Act 1991. The bank is an Islamic bank, based on Islamic Sharia law forbidding usury.
The Bank engages in corporate social responsibility through donations.
