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Press Release
23-Jul-2011
Environment Risk Rating and Preparation of Error-free Investment Proposal held in SIBL
Social Islami Bank Ltd (SIBL) has organized a workshop titled: `` Environment Risk Rating and Preparation of Error-free Investment Proposal`` on 23.07.2011. Mr Abu Sadek Md Sohel , Additional Managing Director inaugurated the workshop being present as chief Guest. Mr Md Mohashin Mia , Senior Executive Vice President and other executives were present in the opening ceremony. Investment officers of different branches of SIBL took part in the workshop.
16-Jul-2011
Central Sharia Board for Islamic Banks meets
The 27th General Meeting of 'Central Shariah Board for Islamic Banks of Bangladesh (CSBIB)' was held on Saturday July 16, 2011 in the Board Room of Social Islami Bank Limited (SIBL). Dr. Muhammad Mustafizur Rahman, Vice Chairman of CSBIB, presided over the meeting. The meeting was attended by the chairmen and Managing Directors of the member banks and also the chairmen and member secretaries of the Shariah Councils of the relevant Banks including Shah Abdul Hannan, EC Chairman of CSBIB and Mr. Kamaluddin Ahmed, Chairman of SIBL.

The meeting discussed different issues related with Shariah compliance of Islamic Banks in Bangladesh and approved Shariah principles on five issues. The meeting approved audit report, yearly budget and yearly work plan of the board. The meeting also approved the CSBIB membership for Bank Asia Limited and Islamic Finance and Investment Limited (IFIL).
08-Jul-2011
SIBL Half Yearly BUSINESS CONFERENCE 2011
The Half Yearly Business Conference 2011 of Social Islami Bank Limited (SIBL) was held on July 08 ,2011 at Jamuna Resourt, Tangail. Banks Chairman Mr. Kamaluddin Ahmed was the chief guest and honble directors of SIBL were present as special guests. The Managing Director of the Bank Mr. Muhammad Ali presided over the conference. Mr. Abu Sadek Md Sohel, Additional Managing Director gave vote of thanks.Banks Deputy Managing Director Mr. Md. Shafiqur Rahman, Managers of 64 branches of the bank and Senior executives were present in the conference. Half yearly business targets for the year 2011 and strategy for achieving the targets were adopted in the conference.

SIBL Chairman Mr. Md. Kamaluddin Ahmed in his valuable speech appreciated the Branch Managers for their achievement and success. He said the bank has made tremendous success in the first half of year 2011. He advised the Branch Managers to work hard for the overall development of business and to achieve the targets set forth for of 2011. So that this Bank can become one of the best private banks of the country. The Chairman expressed the optimism for the best performance for the half yearly business targets of the bank. He said that SIBL has taken risk management measures to safeguard the interest of the depositors.

The Managing Director advised the Branch Managers to work with total commitment to achieve the business targets for the year-2011. He also stressed the need for participation of all officers and employees of the Bank in all activities so that target fixed for year-2011 is achieved. He advised the Branch Managers to increase their efforts to mobilize more deposits and earn more profit.
04-Jul-2011
SIBL opens its own ATM booth
In its move towards modern and technology based banking Social Islami Bank Ltd (SIBL) has opened its own ATM booth in Principal Branch situated in Dilkusha C/A on 04.07.2011. Banks Managing Director Mr. Muhammad Ali inaugurated the booth which is connected with Q-cash network. Card-holders of 25 banks can withdraw money and check bank statements in the booth. SIBL would establish 20 such booths this year. Banks Additional Managing Director Mr. Abu Sadek Md. Sohel, Deputy Managing Director Mr. Md. Shafiqur Rahman, Senior EVP Mr. Md. Mohashin Miah, Senior EVP Mr. AMM Farhad, other senior executives of the bank and clients were present in the opening ceremony.
28-Jun-2011
Donates for Underprivileged Childrens Education
As part of Corporate Social Responsibility Social Islami Bank Limited (SIBL) has handed over a cheque for the development of Ureka School, a school for the underprivileged situated in Uttara Dhaka. SIBL Chairman Mr. Kamaluddin Ahmed handed over the cheque to Mr. Nuruzzaman Firoz, Founder of the school. SIBL is committed to give Tk 9.00 (nine) lac per annum perpetually to the school. Banks Managing Director Mr. Muhammad Ali presided over the ceremony which was attended among others by SIBL Directors Md Shah Alam, Dr Lily Amin and Mrs Taslima Akhtar, Banks Additional Managing Director Mr. Abu Sadek Md. Sohel, Deputy Managing Director Md. Shafiqur Rahman, Executives and others.
25-Jun-2011
SIBL donates truck to Bangabandhu Memorial Trust
Social Islami Bank Ltd has donated a truck to Bangabandhu Memorial Trust to show a documentary on Liberation War around the country . Chairman of SIBL Mr Kamaluddin Ahmed handed over the truck to Member Secretary of the Trust at Bangabandhu Museum in Dhaka on 25.06.2011. SIBL director Mr Md Sayedur Rahman , Bangabandhu Museum curator Syed Siddiqur Rahman and others were present.
15-May-2011
SIBL launches own proprietary Zameel Debit Card
In its move towards modern and technology based banking Social Islami Bank Ltd ( SIBL) has launched its own proprietary debit card. Customers of the bank shall have access to 403 ATM booths of the 25 banks in Q-cash network to draw money and check account statement . SIBL Managing Director Mr Muhammad Ali launched the card handing over one to a client in banks Dhanmondi Branch on 15.05.2011. SIBL Deputy Managing Directors Mr Nurul Alam Chowdhury and Mr Md Shafiqur Rahman , Senior EVP Mr AMM Farhad , other senior executives of the bank and clients were present in the launching ceremony.
11-May-2011
Social Islami Bank Ltd launches Shukher Thikana
Social Islami Bank Limited has launched a special deposit product SHUKHER THIKANA specially designed for the female workers of the Garments factories. However, other lower and mid level income groups and people working in hazardous conditions may avail this product. The product has insurance coverage for the depositor during the tenure of the deposit scheme against personal accident or accident at work place like injuries in fire, damage or loss of body parts, accidents in roads etc.

The product was launched at Riverside Sweaters Ltd at Hasnabad Dhaka in a simple ceremony attended by the Garments factory workers, entrepreneurs where the Managing Director of the Bank Mr. Muhammad Ali was present as the Chief Guest and launched the product by handing over a Shukher Thikana account to female RMG worker.

Insurance compensation under the product shall range between Tk 50000.00 to Tk 10000.00 irrespective of the size of the amount of scheme deposit, Shukher Tikhana, depending on the extent of injury/loss of body parts/complete inability to work and death. Premium shall be borne by the Bank

The Additional Managing Director Mr. Abu Sadek Md. Sohel, executives of SIBL , The Riverside sweater Factory Ltd and Pragoti Insurance Company Ltd were present in the launching Ceremony.
11-May-2011
SIBL launches CTPU and Card Centre in Chittagong
Social Islami Bank Ltd (SIBL) has started Central Trade Processing Unit( CTPU) and Card Centre at Agrabad in Chittagong. Managing Director of Social Islami Bank Ltd Mr. Muhammad Ali inaugurated the CTPU and Card Centre recently in SIBL Agrabad Branch premises.

CTPU would make foreign trade processing in SIBL Chittagong area faster. Opening of Card Centre shows SIBLs efforts to bring services closer to the clients. Senior Executive Vice President Mr.A M. M Farhad, other Executives of SIBL and Clients were present in this opening ceremony.
11-May-2011
Social Islami Bank Limited holds 16th Annual General Meeting
16th Annual General Meeting of Social Islami Bank Limited was held on 28th April 2011 at Golf Garden of Army Golf Club, Air Port Road, Dhaka. Proposals for annual financial statement 2011, 14% stock dividend and all other agendas were approved by the shareholders in the AGM. Banks Chairman Alhaj Sultan Mahmood Chowdhury presided over the meeting which was attended by Directors, Managing Director Mr. Muhammad Ali, Shareholders and Banks Executives.
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