SIBL's Foreign Remittance service caters the customer needs for fast, secure & easy money transfers to an extensive range of destinations. Standing by our commitment, we go all the lengths to remit your hard-earned money safely to your loved ones. With us not only you get a range of high-class modem remittance solutions but also you will get peace of mind which we believe counts to most.
Social Islami Bank Limited established its Centralized Remittance Processing unit on March 2008. The main purpose to establish this specialized unit was to encourage wage earner's remittance through banking channel and to facilitate the distribution of such remittance to the ultimate beneficiary throughout the country within shortest possible time. Social Islami Bank Limited is now maintaining agency agreement with various Exchange houses in USA, UK, Qatar, Oman, SPAIN, Australia, Bahrain, Malaysia, and with Money gram, Western Union, Xpress Money, Ria who has network throughout the world. Bangladeshi Nationals working abroad can easily remit their hard-earned money to the intended beneficiary in Bangladesh. SIBL is committed to provide best and hassle-free service in this regard.
SIBL Offers Cluster of Incentives for Expatriates :
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 2% incentive. 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.