Social Islami Bank Limited: Shari’ah Based Islami Bank

Social Islami Bank Limited is a Sharia-compliant bank in Bangladesh which 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 Shariah law forbidding usury. To know more read the following article carefully.

Social Islami Bank Limited Information

The Social Islami Bank Limited (SIBL) is a second-generation bank and it is working so hard since 22 November 1995 after their inauguration. SIBL operates its Loans, FDR, Loan interest systems based on Shariah Principles. Social Islami Bank has now 100 active branches and they also operate two subsidiary companies.

Registered Name: Social Islami Bank Limited
Founded: 1995
Type: Private Bank (Commercial)
Country: Bangladesh
Code: 195
SWIFT Code: SOIVBDDH
Stock Code: SIBL – DSE CSE

SIBL Contact

The phone number, fax e-mail, and website are available here so that you can get everything easily from here.

Phone: +88-09612001122
Fax: +880 2 7113481
E-mail: [email protected]
Website: www.siblbd.com

Social Islami Bank Limited Head Office

The head office of Social Islami Bank Limited is situated in City Center, Level: 19-23, 28 and 29, 90/1, Motijheel Commercial Area, Dhaka-1000, Bangladesh

Account Opening Details

If you want to open an account in you must need some identification documents. The identification documents that you need are given below.

Identification Document

  1. National ID Card/Birth Certificate
  2. Current valid Passport
  3. Birth Certificate
  4. Diving Licence
  5. Utility Bill Paper

Accounts Type

  • Al Wadiah Current Account
  • Mudaraba Savings Deposit
  • Mudaraba Term Deposit
  • Mudaraba Notice Deposit
  • Cash Waqf. Deposit
  • SIBL Super Savings Account
  • SIBL Student Account
  • Mudaraba Education
  • SSI List (NOSTRO Account)

Social Islami Bank Loans

Social Islami Bank Limited provides many loan products under the main three channels such as Retail Loan Products, SME Loan Products, Agricultural Loan Products. To know more follow the following article.

Retail Loan Products

  • SIBL Islamic Auto Finance
  • SIBL Islamic Home Finance
  • Islamic Consumer Finance
  • Bai-Muazzal
  • HPSM
  • HPSM- IJARA
  • Murabaha
  • Musharaka
  • Bill Purchase
  • Bai-Salam (PC)
  • Quard

SME Loan Products

  • Bai’muajjal-SME (Revolving)
  • HPSM-SME (Commercial)
  • HPSM- SME (Transport)
  • Bai’muajjal-SME (Micro-Enterprise)
  • Bai’muajjal-SME (Installment)
  • Murabaha-SME

Agricultural Loan Products

  • Bai’muajjal-Agri (Revolving)
  • Bai’muajjal-Agri (Installment)

Loan Interest Rate

The interest rate in Social Islami Bank Limited is 9 %.

Social Islami Bank Deposits

Social Islami Bank Limited has mainly two types of deposits products. and the two main channels have many subchannels. Continue reading to get more information.

Retail Deposit Products

  • Mudaraba Term Deposit
  • Mudaraba Notice Deposit
  • Cash Waqf. Deposit

Mudaraba Deposit Products

    • SIBL ASTHA
    • SIBL SUPER DPS
    • KAFELA – MUDARABA HAJJ SCHEME
    • PROSHANTI-MUDARABA ZAKAT SAVINGS ACCOUNT
    • MUDARABA BASHSTHAN SAVINGS SCHEME
    • SONALI KABIN- MUDARABA MOHORANA SAVINGS SCHEME
    • SHARNO SIKHOR- MUDARABA KOTIPOTI SCHEME
    • SUBORNA DIGANTO-MUDARABA MILLIONAIRE SCHEME
    • SIBL DIPTI – MUDARABA EDUCATION SAVINGS SCHEME
    • SUBARNO REKHA – SPECIAL SAVINGS SCHEME FOR WOMEN
    • SANCHITA – SPECIAL DEPOSIT SCHEME
    • SABUJ SAYANNHO- SPECIAL DEPOSIT SCHEME FOR SENIOR CITIZENS
    • SABUJ CHHAYA-SPECIAL SAVINGS SCHEME FOR SENIOR CITIZENS
    • SWAPNER SIRI – MUDARABA LAKHOPOTHI DEPOSIT SCHEME
    • SUKHER THIKANA- SPECIAL SAVINGS SCHEME FOR LOWER-INCOME GROUP WORKERS.
    • MUDARABA DEPOSIT PENSION SCHEME
    • SUBARNOLOTA-SPECIAL SAVINGS SCHEME FOR WOMEN

Social Islami Bank FDR Rate

The interest rate of Social Islami Bank Limited is 3 % to 7.75%.

SIBL Other Service

Social Islami Bank Limited offers also many other offers such as Trade Finance & RMG, Working Capital Financing, Project Financing, Agent Banking Services, and so on. Keep reading to get more information.

  • Trade Finance & RMG
  • Working Capital Financing
  • Project Financing
  • Agent Banking Services
  • CARDS (SIBL VISA Islamic Credit Card/Visa Islamic Credit Card (Dual)/Visa Islamic Credit Card (Local)/SIBL Zameel Debit Card/SIBL Prepaid Card/SIBL Hajj Card
  • Internet Banking (SIBL NOW, e-payment, bKash from SIBL AC, Bangladesh Bank App)
  • ATM Banking Services
  • SIBL Securities Ltd.
  • SIBL Investment Ltd.
  • Foreign Remittance Services

SIBL CONTACT

If you face any problem or want to contact SBL authority, the IP Phone number and e-mail are given below.

IP Phone: 09612001122 Ext: 50620 & 50621
E-mail: [email protected], [email protected]

Read More: SIBL’s Foreign Remittance service

Social Islami Bank Call Center

To get any information that is not added here. You can contact their call center. SIBL provides the best customer service.

Social Islami Bank Complaint Cell

For a complaint about anything, SIBL provides a complaint call. You can complain about anything about Social Islami Bank Limited.

Deputy Managing Director, SIBL

  • Head of Central Customer Services & Complaint Management Cell
  • Phone: 09612 001 122 Ext. 50021, 01713-139302

Divisional Head of FAD & CFO, SIBL

  • Member
  • Phone: 09612 001122 Ext.50220, 01713-139309

Divisional Head of IAD, SIBL

  • Member
  • Phone: 09612001122 Ext.50440, 0l713-139314

NB: https://www.siblbd.com/home/sibl_regulatory#complaint (Visit here for details)

Social Islami Bank Branch

There is a total of 114 branches of Social Islami Bank Limited is situated in 34 districts in Bangladesh. To know more information about Social Islami Bank click here.

Social Islami Bank ATM

Social Islami Bank Limited is a Sharia-compliant bank in Bangladesh which started operations on 22 November 1995. There is a total of 68 ATM booths of Social Islami Bank Limited situated in 25 districts in Bangladesh. Click here to know more.

Social Islami Bank Routing

Social Islami Bank has its 92 branch routing numbers in 28 districts. We know that the routing number of a bank is known as the bank’s identification number. Bank routing number creates with nine-digit code. Click here to know more.

Social Islami Bank Swift Code

Social Islami Bank SWIFT Code is SOIVBDDH. The SWIFT code is made up of 8 or 11 characters. The first 4 letters mean Institution Code or bank code, 2 letters mean country code, the next 2 letters or digit mean location code, and the next three digits mean branch code. Click here to know more.

Social Islami Bank Currency Rate

Social Islami Bank Currency Rate is given here in the table below. If currency exchange rates change somehow, we will update that information.

CURRENCY
BUY SELL
USD 85.75 87.25
GBP 105.21 110.26
EURO 97.86 100.36

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