Social Islami Bank

Social Islami Bank PLC is one of the prominent Islamic commercial banks in Bangladesh that operates according to the principles of Islamic Shariah. The bank was established in 1995 with the objective of introducing a welfare-oriented banking system based on Islamic values and socio-economic justice. Initially, the bank was known as Social Investment Bank Limited (SIBL) and was founded with the vision of combining banking activities with social welfare and development initiatives. Later, the bank adopted the name Social Islami Bank PLC in line with corporate and regulatory changes. Since its establishment, the bank has grown significantly and expanded its operations throughout Bangladesh through branches, ATM networks and digital banking services.

The history of Social Islami Bank reflects continuous progress and commitment to Islamic banking principles. From its early years, the bank focused on promoting a participatory banking system that supports economic growth while maintaining ethical financial practices. It gradually expanded its banking operations and adopted modern technologies to improve service quality and customer convenience. The bank introduced online banking systems, ATM facilities, internet banking, mobile banking and digital transaction services to meet the changing needs of customers. Through effective management and strategic planning, Social Islami Bank has become one of the recognized Islamic banks in Bangladesh.

Social Islami Bank PLC offers a broad range of financial services for individuals, businesses and institutions. Its retail banking services include savings accounts, current accounts, deposit schemes, consumer investment facilities, debit cards and remittance services based on Shariah principles. Unlike conventional banks, it follows profit-sharing methods and Islamic investment systems rather than interest-based transactions. Customers can access convenient facilities through ATM services, internet banking, mobile banking and SMS banking.

In addition to retail banking, the bank offers corporate banking services, including trade finance, project financing, investment facilities, treasury operations and working capital support for businesses and industries. The bank also actively supports small and medium enterprises (SMEs) by providing financing facilities and investment opportunities for entrepreneurs and small business owners. Furthermore, Social Islami Bank is involved in foreign exchange operations and international remittance services, helping expatriate Bangladeshis transfer money safely and efficiently.

In conclusion, Social Islami Bank PLC has established itself as a reliable and progressive Islamic financial institution in Bangladesh. Through its commitment to Shariah-based banking, modern technology and customer satisfaction, the bank continues to contribute significantly to economic growth, financial inclusion and the development of the banking sector in Bangladesh.

Registered Name	Social Islami Bank PLC
Legal Status	Public Limited Company
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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
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Corporate Address	City Center, Level 19-23 & 28-29, 90/1 Motijheel Commercial Area, Dhaka 1000, Bangladesh.
Telephone	+880 96 77716491
Fax	+880 2 7113481
Call Center	16491, +880 96 12001122
E-mail Address	info@sibl-bd.com
Website	www.siblbd.com
SWIFT Code	SOIVBDDH
Code	195
Stock Code	SIBL   Company Profile in 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
Rate this Bank	Rating 2.5, based on 617 votes.