Social Islami Bank

Social Islami Bank Limited
Type	Private (Non-Government)
Industry	Banking
Founded	Dhaka, Bangladesh
Headquarters	Dhaka, Bangladesh
Key people	Md. Rezaul Haque^[1]^[2] (Chairman) Md. Shafiqur Rahman (Managing Director)^[3]^[4]
Products	Banking services Consumer Banking Corporate Banking Investment Banking Islamic Banking
Net income
Website	www.siblbd.com

Social Islami Bank Limited is private commercial bank in Bangladesh.

History

The Bank was founded in 22nd November, 1995.^[5] The bank is an Islamic bank, based on Islamic Sharia law forbidding usury.^[6]

SIBL apologised to Bangladesh Bank over financial irregularities in 2015.^[7]

In 2016, the bank was one of two Bangladeshi banks implicated in the money laundering and terror financing investigation of HSBC by the US Senate Subcommittee. Its two Saudi Arabia based shareholders, the International Islamic Relief Organization and Lajnat-al-Birr-al-Islam, have been implicated in terrorism financing. ^[8] The bank has denied all allegations of terror financing and has claimed that they are trying to get the two Saudi companies in dispute to sell their shares in the Bank.^[9]

The Bank engages in corporate social responsibility through donations.^[10]

References

↑ "The Financial Express". The Financial Express Online Version. Retrieved 25 January 2016.
↑ "Rezaul Haque re-elected SIBL chairman". The Independent. Retrieved 25 January 2016.
↑ "SIBL reappoints managing director". The Daily Star. Retrieved 25 January 2016.
↑ "Social Islami Bank Limited". Retrieved 25 January 2016.
↑ "SIBL". www.siblbd.com. Retrieved 25 January 2016.
↑ "Islamic banking moving fast for economic exigencies: SIBL chief". Retrieved 25 January 2016.
↑ "AB Bank, SIBL tender unconditional apology to BB for irregularities in buyer’s credit". bdnews24.com. Retrieved 25 January 2016.
↑ "Bangladesh: Banking For Terror – Analysis". Eurasia Review. Retrieved 25 January 2016.
↑ "SIBL, Islami Bank clarify their positions". archive.thedailystar.net. Retrieved 25 January 2016.
↑ "The Financial Express". The Financial Express Online Version. Retrieved 25 January 2016.

External links

www.siblbd.com

List of banks in Bangladesh

Central bank	Bangladesh Bank

State-owned commercial banks	Agrani Bank Sonali Bank Rupali Bank Janata Bank

Private commercial banks	AB Bank Limited Bangladesh Commerce Bank Limited Bank Asia Limited BRAC Bank Limited Dhaka Bank Limited Dutch Bangla Bank Limited Eastern Bank Limited Farmers Bank Limited IFIC Bank Limited Jamuna Bank Limited Meghna Bank Limited Mercantile Bank Limited Midland Bank Limited Modhumoti Bank Limited Mutual Trust Bank Limited National Bank Limited NCC Bank Limited NRB Bank Limited NRB Commercial Bank Limited NRB Global Bank Ltd One Bank Limited Prime Bank Limited Pubali Bank Limited South Bangla Agriculture and Commerce Bank Ltd Southeast Bank Limited Standard Bank Limited The City Bank The Premier Bank Limited Trust Bank Limited United Commercial Bank Ltd Uttara Bank Limited

Islamic Commercial Banks	Al-Arafah Islami Bank Limited Export Import Bank of Bangladesh Limited First Security Islami Bank Limited ICB Islamic Bank Islami Bank Bangladesh Ltd Shahjalal islami bank Limited Social Islami Bank Limited Union Bank Limited

Foreign commercial banks	Bank Alfalah Citibank NA Commercial Bank of Ceylon Habib Bank Limited HSBC National Bank of Pakistan Standard Chartered Bank State Bank of India Woori Bank

Specialized banks	Bangladesh Krishi Bank Rajshahi Krishi Unnayan Bank Bangladesh Development Bank Ltd BASIC Bank Limited Probashi Kallyan Bank

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