Remittance plays a very significant role in the development of our economy. To emphasize the importance of this contribution of Bangladeshi expatriates, SIBL offers a bundle of incentives. SIBL has also taken a number of initiatives to encourage them in savings and investment.

All Mudaraba Savings accounts to be opened with the remitted money will get 1% additional profit along with the existing rate.  Similarly, Mudaraba Term Deposit accounts will get 0.50% additional profit. SIBL applies 1% less profit than the existing rate in purchase of home or flat by expatriates, and 10% of accrued profit is refundable at the year-end if repayment is made of remittance.

Any expatriates wishing to invest can avail 70% of the investment facility from SIBL in 1% less profit than the existing rate showing 30% savings from remittance. Besides, the expatriates will be rewarded with an air ticket of Bangladesh Biman Airlines to return home if Tk.10.00 lac is deposited in savings account on an average in every month, and tickets of round trip if Tk.25.00 lac is deposited in savings account on an average in every month.

Banks offer 2% incentive on any amount of remittance. SIBL provides this service with its countrywide 161 branches, 40 subbranches and 134 agent banking outlets.

Social Islami Bank Limited is offering insurance coverage for its deposit and investment clients. Nominees will get up to Tk.15.00 lac life insurance coverage on the insured value of monthly savings scheme (DPS) in case of unexpected death of the client. Nominees of savings account holder are also eligible to avail up to Tk.03.00 lac life insurance coverage. Nominees of consumer finance clients are also entitled to avail this life insurance coverage up to Tk.15.00 lac and this insured amount can be used for investment repayment also. Every account is Shariah compliant.

SIBL launches dual prepaid card with lots of new & innovative features which will make the daily activities of its users more comfortable than ever. This creatively crafted card enables clients to use both in home and abroad for multiple purposes including transactions in ATM, POS terminal, e-commerce and many more.

Students can pay tuition fees across the world including the registration fees of IELTS, GRE, TOEFL etc. using this card. Freelancers can simply make payment of license or registration fees of different online platforms like Google, Windows, Blackberry.

Payment can also be made of online training, vendor certification program, website domain registration, hosting & cloud solution etc. by using this SIBL Dual Prepaid Card.

Social Islami Bank Limited offers Tk.100.00 (taka one hundred) instant cash back for opening any new Savings, Current, Notice Deposit account. A campaign named “100 for 1” will continue up to 30 September 2020. Moreover, the clients will instantly get Debit Card and Internet Banking facilities. SIBL has taken this initiative to raise the tendency of savings and reduce cost among people amid Corona pandemic.

Under the CSR activities, Social Islami Bank Limited (SIBL) handed over medical equipments to Dhaka Mohanagar General Hospital for preventing coronavirus disease for the doctors, nurses and other healthcare personnel. Abdul Hannan Khan, Company Secretary and Kazi Obaidul Al-Faruk, Head of Human Resources Division of Social Islami Bank handed over the equipments to Mostafa Nuruddin Ahammed, Store Officer of Dhaka Mohanagar General Hospital. Senior Executives of the Bank were also present in the program.