Learn About Shahjalal Islami Bank and Its Services

Shahjalal Islami Bank is a renowned banking institution in Bangladesh, established in 2001 with the aim of providing Islamic banking services to the country's population.

The bank offers a range of services, including current and savings accounts, fixed deposits, and loan facilities.

Shahjalal Islami Bank has a strong presence in the country with over 80 branches across Bangladesh, making it easily accessible to customers.

The bank's services are designed to cater to the diverse needs of its customers, from individuals to businesses.

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Shahjalal Islami Bank PLC commenced its commercial operation on May 10, 2001, following the principles of Islamic Shariah.

The bank has been operating for over 13 years, offering various service products and expanding its service coverage across the country.

Shahjalal Islami Bank is not just an interest-free banking business, but also a deal-wise business that generates real income and boosts the GDP of the economy.

The Board of Directors has a strong reputation in the business arena of Bangladesh, and the Management Team is equipped with excellent professional knowledge under the leadership of a veteran banker, Mr. Farman R. Chowdhury.

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Shahjalal Islami Bank PLC commenced its commercial operation in accordance with the principle of Islamic Shariah on the 10th May 2001.

The bank has diversified its service coverage by opening new branches at different strategically important locations across the country.

During the last thirteen years, Shahjalal Islami Bank has been offering various service products both in investment and deposit.

Islamic Banking is not only INTEREST-FREE banking business but also carries deal-wise business products.

This unique approach generates real income and boosts the GDP of the economy.

The Board of Directors enjoys high credential in the business arena of the country.

The Management Team is strong and supportive, equipped with excellent professional knowledge under the leadership of a veteran Banker, Mr. Farman R. Chowdhury.

The bank's vision is to be the unique modern Islami Bank in Bangladesh and make a significant contribution to the national economy.

The bank aims to enhance customers' trust and wealth, quality investment, employees' value, and rapid growth in shareholders' equity.

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Shahjalal Islami Bank was incorporated on 10 May 2001.

The bank's corporate social responsibility unit is the Shahjalal Islami Bank Foundation.

Anwer Hossain Khan was elected chairman of the bank in May 2011, and he was also the chairman of Modern Diagnostic Centre and Anwer Khan Modern Hospital.

Md Harun Miah and Khandoker Sakib Ahmed were elected vice-chairmen of the bank in May 2011.

The Anti-Corruption Commission sued the former vice president of Shahjalal Islami Bank Limited, Sayed Hassan Imam, and five others for embezzling 131.7 million Taka from the bank in November 2012.

Mohammed Solaiman, a bank director and former chairman, was arrested in 2014 on charges of embezzling 1.4 billion Taka from the bank through bad loans given to Joynob Steel, SK Steel and Paradise Corporation.

Another Director Mohammed Solaiman was accused of misappropriating 1.49 billion Taka in 2014.

Akkas Uddin Mollah was elected chairman of the bank in January 2018, and he is also the chairman of Russel Spinning Mills Limited and Osman Memorial Hospital.

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M Shahidul Islam was appointed managing director of the bank in October 2018.

Md Sanaullah Shahid was re-elected chairman of the bank in January 2021, and he is also the chairman of Electra International.

Md Harun Miah and Md Abdul Barek were re-elected vice-chairmen of the bank in January 2021.

Shahjalal Islami Bank is a private proprietorship commercial bank that operates in accordance with the principles of Islamic Shariah. It was established on May 10, 2001, under the Bank Companies Act, 1991.

The bank's authorized capital is 15,000 million taka, while its paid-up capital is 9,801 million taka. This is a significant increase from its initial authorized capital of 10,000 million taka.

Shahjalal Islami Bank has a strong presence in the country, with 132 branches across the nation. These branches are supported by 45 ATM booths, making it easy for customers to access their accounts.

The bank's total assets stood at 29,3518 million taka as of 2020, while its total income was 20,224 million taka. The bank's foreign currency trading activities were also significant, with a total of 28,9805 million taka in transactions.

Here's a breakdown of the bank's foreign currency trading activities:

The bank's manpower consists of 2,657 employees, including 2,168 officers and 489 staff members.

Shahjalal Islami Bank has a wide network of branches across Bangladesh, with over 200 branches spread across the country.

The bank offers a range of deposit accounts, including savings accounts, current accounts, and fixed deposit accounts.

Shahjalal Islami Bank's head office is located in Dhaka, the capital city of Bangladesh.

The bank's customer service is available 24/7, making it easy to get help whenever you need it.

Shahjalal Islami Bank has a strong online presence, with a mobile banking app and a website that allow customers to manage their accounts and perform transactions securely.

Shahjalal Islami Bank has a total of 92 branches across the country.

The bank's head office is located in Dhaka, the capital city of Bangladesh.

Its branches are spread across the country, with a significant presence in major cities like Chittagong, Sylhet, and Rajshahi.

The bank has a strong network of branches in rural areas, making banking services accessible to people living in remote villages.

Shahjalal Islami Bank has a total of 92 branches, serving a large customer base across the country.