Social Islami Bank Limited (SIBL) arranged a two days long Business Conference of the 3^rd Quarter of 2020 to evaluate the business position of the Bank through virtual platform recently. Mr. Quazi Osman Ali, Managing Director and CEO of the Bank, was present in the program as Chief Guest and inaugurated the conference. Mr. Abu Naser Chowdhury, Mr. Md. Sirajul Hoque and Mr. Md. Shamsul Hoque, Deputy Managing Directors, and Mr. Abdul Hannan Khan, Company Secretary, Mr. Kazi Obaidul Al- Faruk, Head of HRD were also present in the program. Divisional Heads and Managers of different branches virtually joined the program.

The Conference reviewed last nine months’ business progress of the Bank of 2020 and chalked out various policy measures to achieve yearly target. The MD & CEO also said that SIBL has been maintaining a steady growth in all its business indicators by rendering modern and technology-based services at the doorstep of the people of the country and this trend of innovation will continue.

SIBL started the operation of opening e-Account through its mobile app “SIBL NOW”. Any people can open an account through using the mobile app from anywhere anytime. Managing Director & CEO Quazi Osman Ali inaugurated the e-Account launching program as chief guest through virtual platform on 14 October 2020 at Head Office, Dhaka. Abu Naser Chowdhury, Md. Sirajul Hoque, Md. Shamsul Hoque, Deputy Managing Directors, and Abdul Hannan Khan, Company Secretary, Md. Sultan Badsha, CITO, ICTD, Md. Moniruzzaman, Head of Marketing & Brand Communication, Md. Sharif Al Kashem, Head of Card division, were also present at the program. Managers of different branches virtually joined the program.

In his inaugural speech, the MD & CEO of the Bank said that SIBL is the leading Bank to continuously bring novelty and variety in its digital services and products to expedite the true digital transformation, and launching e-Account is an addition in the list of services. He also added that MTDR & DPS accounts would be opened very soon through the App so that people can avail all banking services from home.

Social Islami Bank Limited (SIBL) opened its 50th Subbranch at Satarkul Bazar, North Badda, Dhaka on 29 September 2020. Managing Director & CEO Mr. Quazi Osman Ali inaugurated the Satarkul Bazar Subbranch as chief guest through virtual platform. Mr. Kazi Towhidul Alam, Additional Managing Director, Mr. Md. Sirajul Hoque, Deputy Managing Director, Mr.Abdul Hannan Khan, Company Secretary, Mr. Md. Abdul Mottaleb, Head of BC & GBD, Mr. Md. Moniruzzaman, Head of Marketing & Brand Communication, Mr. Abdul Moman, Manager, North Badda Branch, and local dignitaries attended the program.

In his welcome speech, the MD & CEO of the Bank said that SIBL is the leading shariah based bank in the country and providing banking services to people of all walks through branches, subbranches, agent banking outlets, ATMs, internet banking & mobile app.  He hoped that this subbranch would be able to meet up all kinds of banking needs of the people around the locality.

SIBL signed MoU with PAGE Development Center, Cumilla recently at the Bank’s Head Office, Dhaka.  As part of the agreement, Mr. Quazi Osman Ali, Managing Director & CEO of SIBL, handed over the investment cheque of Tk.15.00 Crore to Mr. Lokman Hakim, Executive Director of PAGE Development Center, under the Refinance Scheme-2020 declared by Bangladesh Bank for lower income groups, farmers and marginal businessmen affected by Covid-19. Among others Mr. Kazi Towhidul Alam, Additional Managing Director, Mr. Md. Sirajul Hoque, Deputy Managing Director, Mr. Sadat Ahmad Khan, Head of SME & AFD, Mr. K. M. Barkatul Haque Sarker, Manager, Cumilla Branch, Mr. Md. Younus, Director, Credit & Admin of PAGE Development Center and other senior officials of the both organizations were also present on the occasion.

Mr. Quazi Osman Ali, MD & CEO, said that the lower income groups, farmers and marginal businessmen of Cumilla region would get benefit from this scheme. He thanked the presence and expected success of the refinance scheme. Executive Director of Page Development Center, Mr. Lokman Hakim said that the truly deserving groups would get the investment facility complying Bangladesh Bank guidelines.

The 25^th Annual General Meeting of Social Islami Bank Limited (SIBL) was held on 15 September 2020 on virtual platform due to coronavirus pandemic. The Bank’s shareholders approved 10 per cent dividend, 5 per cent in the form of cash and 5 per cent in the form of stock, for the financial year 2019 at the AGM. The Chairman of the Board of Directors of the Bank and former Vice Chancellor of University of Chittagong Professor Md. Anwarul Azim Arif presided over the meeting. Board of Directors of the Bank and shareholders were present in the meeting. Managing Director & CEO Mr. Quazi Osman Ali and Company Secretary Mr. Abdul Hannan Khan were also present in the meeting. The shareholders expressed their satisfaction for the performance of the Bank and suggested different guidelines on the virtual meeting. 

In his welcome speech the Chairman of the Bank said that SIBL has been maintaining a steady growth in all the indicators like operating profit, investment, deposit etc. despite worldwide economic slowdown caused by coronavirus pandemic.

In his speech, the Managing Director & CEO expressed his sincere gratitude to the valued shareholders, customers and distinguished patrons of the Bank for their cooperation and continuous support. He hoped that the bank would achieve its goal with the prudent guidelines of the Board of Directors of the Bank.