SIBL Client Gathering – 2006

Social Investment Bank Ltd can penetrate into the mind of the teeming millions; its micro -credit and SME finance programme can contribute massively in poverty alleviation. Mr Syed Manjur Elahi, former advisor of Caretaker Government in his speech as the chief guest said this in the annual customers gathering –2006 of Social Investment Bank Limited (SIBL) held on September 14,2006 in the Grand City Hall at Bashundhara City in Dhaka. SIBL Chairman Mr Dr Major (retd) Md Rezaul Haque presided over the function. Among others, Bashundhara Group Chairman Mr Ahmed Akbar Sobhan, SIBL Vice Chairman Mr Humayun Kabir Khan, SIBL Directors, Managing Director Mr. K. M. Ashaduzzaman, Deputy Managing Director Abu Sadek Md Sohel ,FBCCI member Md Abul Kashem, Depham Hospital Managing Director Mr Mintu Rahman, former MP Mr Md Harunur Rashid spoke on the occasion.
Mr Mr Syed Manjur Elahi said banking sector is playing a pivotal role in the economic emancipation of the country. He eloquently praised the contribution of SIBL in this connection.

Bashundhara Group Chairman Mr Ahmed Akbar Sobhan said the mission and vision of Social Investment bank Ltd is to build up a caring society where disparity between the haves and have- nots is narrow.

Mr. SIBL Chairman Mr Dr Major (retd) Md Rezaul Haque said that our Bank is a Shariah Based Joint Venture Bank with specialized Three Sector Model i.e. Formal, Non-Formal & Voluntary Sector Banking. The Formal Sector deals with Islamic Commercial Banking as a schedule Bank. Non-Formal works with family empowerment Micro-Credit Program, Micro Enterprise & SME’s, while the 3rd is the voluntary sector deals with Cash Waqf & Waqf Certificate scheme which is an innovative financial product for the welfare of the man kind before & after death.

Mr. K. M. Ashaduzzaman Khan gave vote of thanks to the clients present and dwelt on the overall commercial activities of the bank .He said that SIBL has been successfully operating the Cash Waqf Deposit Account which is a perpetual in nature & only the profit of the same is distributed towards the specified purpose as desired by Waqif.

Author: Mohammad Abdul Karim, AVP, PRO

Source: PRD, SIBL HO.