The 94th meeting of the Shari'ah Supervisory Committee of Social Islami Bank PLC (SIBL) was held on April 27, 2025, at the bank’s head office. The meeting was presided over by the Chairman of the Shari'ah Supervisory Committee, Mufti Abdullah Masum. Managing Director Mr. Shafiuzzaman and Deputy Managing Director Mr. Md. Nazmus Saadat of the bank were present at the meeting.

Vice-Chairman of the Shari'ah Supervisory Committee Dr. Md. Rafiqul Islam, committee members Professor Dr. Md. Shamsul Alam, Dr. M. Masud Rahman, Mufti Abu Bakar Siddique Nabil, and Member-Secretary Mufti Zubair Abdullah also attended the meeting, along with senior executives of the bank’s head office. Syed Joynul Abedin, Head of the Shari'ah Supervisory Committee Secretariat, assisted in conducting the meeting.

The Executive Committee meeting of the Shari’ah Supervisory Committee of Social Islami Bank was held on April 22, 2025, at the bank’s head office. The meeting was presided over by the Acting Chairman of the Shari’ah Supervisory Committee, Mufti Abdullah Masum.

Members of the Shari’ah Supervisory Executive Committee - Dr. Md. Rafiqul Islam, Mufti Zubair Abdullah, and Mufti Abu Bakar Siddique Nabil - were present at the meeting. The Managing Director of the bank, Mr. Shafiuzzaman, also attended the meeting. The meeting was supported by the bank’s Vice President and Head of the Shari’ah Secretariat, Syed Joynul Abedin, along with SAVP Md. Nisar Uddin.

The committee reviewed various aspects of ensuring compliance with Islamic Shari’ah in the bank’s overall operations.

Mr. Shafiuzzaman has joined Social Islami Bank PLC (SIBL) as Managing Director on 27 March 2025. Prior to assuming this role, he served as Additional Managing Director & Chief Credit Officer at Bank Asia PLC, where he played a key role in credit risk management, corporate asset marketing, and strategic banking operations.

With an extensive career spanning 31 years in local and multinational banks & financial institutions, Mr. Shafiuzzaman brings a wealth of expertise in branch banking, corporate banking, credit risk management, and special asset management. His 14 years of experience as Head of Branch in Dhaka City and 10 years as a Division Head have enabled him to develop a deep understanding of the banking sector’s evolving landscape.

Throughout his career, he has been instrumental in driving institutional growth, leading centralization operations, and designing innovative asset and liability products. His leadership quality and vast experience in the areas of relationship management, credit assessment and recovery has significantly contributed to the success of the institutions he has been associated with.

Mr. Shafiuzzaman began his career in 1994 as an Executive at United Leasing Company Limited (now United Finance Limited) and later spent 14 years at ONE Bank PLC, where he held various leadership positions.

He holds an MBA from the Institute of Business Administration, University of Dhaka, and is recognized for his strong leadership, strategic vision, and expertise in relationship management, credit assessment, and recovery.

With his dynamic leadership and vast banking expertise, Mr. Shafiuzzaman is expected to steer Social Islami Bank PLC towards greater growth and success.

Social Islami Bank Limited (SIBL) has inaugurated two new sub-branches namely Mirsharai at Chattogram and Daganbhuiyan at Feni to expand its banking services on 24 March at the bank’s head office through virtual platform. Mr. Md. Nazmus Saadat, Managing Director (Acting) formally opened the sub-branches as the chief guest. Senior executives and divisional heads from the bank’s head office were present at the event. 

During his speech, Mr. Md. Nazmus Saadat highlighted the bank’s resilience in overcoming challenges and reaffirmed its commitment to providing Shari’ah-based banking services with good governance at all levels. He emphasized that Social Islami Bank is regaining customer trust by ensuring transparency and ethical banking practices.

With these new sub-branches, Social Islami Bank continues its mission to bring modern, Shari’ah-compliant banking services closer to customers across the country

Social Islami Bank held its 93^rd Shari’ah Supervisory Committee meeting on 4 March at the bank’s head office. Chairman (Current Charge) of Shari’ah Supervisory Committee Mufti Abdullah Masum presided over the meeting. The Member Secretary of the Committee Mufti Abu Bakar Siddique Nabil, Committee Members Prof. Dr. Md. Shamsul Alam, Prof. Dr. M. Masud Rahman, Dr. Md. Rafiqul Islam, Mufti Zubair Abdullah and Barrister Md. Mahfuzur Rahman (Milon) were present in the meeting. Managing Director (Acting) Md. Nazmus Saadat and Head of Shari’ah Supervisory Committee Secretariat Syed Joynul Abedin and other senior executives were also present at the event.