Social Investment Bank Limited (SIBL) has opened its 27th Branch at Chowmohoni, Noakhali on 12th November 2008. SIBL Chairman Mr. Abdul Awal Patwary formally inaugurated the branch as Chief Guest. SIBL Vice Chairman Alhajj Nasiruddin and Directors Major (Retd) Dr. Md. Rezaul Haque, and Ex-Director Mr. Md. Shah Alam were present as the special guests in the opening ceremony that was presided over by Bank’s Managing Director Mr. K. M. Ashaduzzaman. SIBL Additional Managing Director Mr. Abu Sadek Md. Sohel, Senior Executives, Clients and Local Elites were present on the occasion.

In his speech Mr. Abdul Awal Patwary said, the difference between the SIBL and other traditional Bank is Shariah. As an Islamic Bank SIBL works for the good of the poor people. He appreciated the three-sector model of the Bank and urged the people to provide co-operation to implement the programmes of SIBL. He also lauded the state of the art information technology including on – line banking services of SIBL.

Managing Director of SIBL said Cash Waqf is a unique product of SIBL, which may contribute to the development of mass people and SIBL is the pioneer that is implementing this program.

Mr. K. M. Ashaduzzaman, Managing Director narrated the three-sector model of the Bank before the audience and hoped that through implementing these unique programmes SIBL can contribute to a great extent to the economy of the country. He said from the beginning SIBL is providing electronic banking services to its clients. He promised to render most modern banking services being equipped with state- of- the-art automation technology.

Author: Mohammad Abdul Karim, AVP

Source: PRD, SIBLHO