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Remittance Payment Network of SIBL
Through SIBL Branches:
The bank has at present 100 branches/SME centers across the country and planning to add another few branches in remittance potential areas by the end of year 2015. All the branches are connected online through Centralized Core Banking Software and are able to pay cash to the beneficiary or credit beneficiary account instantly.
Eldorado Payment System:
Social Islami Bank Ltd. has arrangement with Eldorado Remittance Payment System where 6 (six) other Banks are interconnected. Within 24 hours transactions will be credited in any branch of those Banks. Through the branches of those Banks we can make both cash payment and account credit. Recently, Mercantile Bank has also joint with Eldorado Remittance Payment System. Eldorado Bank list & number of branches are given below:
Name of the Bank Number of Branches
BRAC Bank Ltd. 165
Social Islami Bank Ltd. 100
First Security Islami Bank Ltd. 137
Al Arafah Islami Bank Ltd. 121
Bank Asia Ltd. 91
Exim Bank Ltd. 87
Total 701
Bangladesh Electronic Fund Transfer Network (BEFTN):
Further, the bank has arrangement for account payment at any branch of any bank in Bangladesh through Bangladesh Electronic Fund Transfer Network (BEFTN).
Investment Products
Bai-Muazzal
HPSM
Murabaha
Musharaka
Special Investment
Deposit Products
Mudaraba Scheme Deposits
Al Wadiah Current Account
Mudaraba Savings Deposit
Mudaraba Term Deposit
Mudaraba Notice Deposit
Cash Waqf. Deposit
Cards
SIBL Credit Card
Visa Islamic Credit Card (Dual)
Visa Islamic Credit Card (Local)
SIBL Zameel Debit Card
E-banking
Internet Banking
Mobile Banking
SMS Banking