Social Islami Bank Products Services and Financial Performance

Social Islami Bank offers a range of products and services to cater to the diverse needs of its customers.

The bank provides various deposit products, including current, savings, and fixed deposit accounts, as well as loans and advances for personal and business purposes.

Social Islami Bank's financial performance is also noteworthy, with the bank reporting a significant increase in its profits over the years.

The bank's strong financial performance is a testament to its efficient management and effective implementation of its business strategies.

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Social Islami Bank is a leading financial institution in Bangladesh, established in 2007 as a private bank. It was founded by a group of entrepreneurs and industrialists who wanted to provide banking services to the unbanked population of the country.

The bank's vision is to be a customer-centric bank, providing innovative and efficient banking services to its customers. Its mission is to contribute to the country's economic growth by providing financial services to the people, especially the low-income segment.

With its headquarters in Dhaka, Social Islami Bank has a strong presence in the country, with over 80 branches and a network of correspondent banks globally.

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Our company has a rich history that dates back to 2005. That's the year our founder, John Smith, started the business in a small office with just a handful of employees.

The company's early success can be attributed to its innovative approach to customer service. By focusing on personalized support, we were able to build a loyal customer base.

Our first major breakthrough came in 2010 when we launched our flagship product, which quickly gained popularity among consumers. This product's success propelled us into the national spotlight.

Throughout the years, we've expanded our operations and opened new offices across the country. Today, we're proud to be a leading player in our industry.

Our commitment to innovation and customer satisfaction has been a driving force behind our growth. We continue to push the boundaries of what's possible, always striving to improve and adapt to changing market trends.

Social Islami Bank Limited is a name of faith and trust in the banking sector since its inception on 22 November 1995. It has established its brand at the top of the banking industry.

The bank is committed to creating a caring society and is extensively engaged in various social welfare activities of the country. It has set up a hospital for underprivileged people to make healthcare accessible to them.

Social Islami Bank Limited has a strong presence with 161 branches and 40 subbranches across the country. It also has 134 Agent Banking outlets to cater to financial services in the remotest parts of the land.

The bank's employees number between 11-50, and it operates in the banking industry. Its location is 90/1, City center, Motijheel, Dhaka, Level 22, Dhaka, Bangladesh 1211, BD.

Social Islami Bank Limited was founded in 1995 and has been striving tirelessly to keep its promises to its clients and well-wishers.

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Social Islami Bank PLC is headquartered at City Center 90/1, Motijheel Commercial Area.

The bank's primary focus is on providing banking and investment services, which is a key aspect of its operations.

Social Islami Bank Plc offers a range of banking services, including general banking services.

The bank is categorized under the banking services section and is specifically classified as an Islamic bank.

Here is a list of the bank's categories:

Social Islami Bank's shareholding structure is quite diverse, with a mix of government, private, and institutional investors. The bank has a total of 14,115 shareholders.

The bank's largest shareholder is the Bangladesh Government, which holds a significant 43.46% stake in the bank. This is a testament to the government's commitment to promoting Islamic banking in the country.

The bank's share capital is Tk. 10,000 million, divided into 1,000 million ordinary shares of Tk. 10 each. This structure allows for a wide range of investors to participate in the bank's ownership.

Shareholding plays a crucial role in a company's governance structure. The shareholding position of a company can significantly impact its decision-making processes and overall direction.

As of 28 February 2019, the sponsor/director shareholding stood at 30.23%. This is a significant percentage that can influence the company's direction and decision-making.

Institute shareholding made up a substantial 48.10% of the total shareholding. This suggests that institutions have a considerable stake in the company's performance and future.

Foreign shareholding was relatively low at 1.36%. This indicates that the company may not have a significant presence or following in foreign markets.

Public shareholding accounted for 20.21% of the total shareholding. This highlights the importance of public investment in the company's success.

Here's a breakdown of the shareholding position as of 28 February 2019:

The Board of Directors at Social Islami Bank PLC is a diverse group of individuals with various roles and responsibilities. There are currently 11 members on the board.

The board is led by Mohammad Sayedur Rahman, who has been a Director/Board Member since an unspecified date. Arshadul Alam and Mohammad Ali Mahmud Ribon also hold the same position, with the latter joining in 2017.

One notable member is Mahmudul Alam, who is 63 years old and has been a Director/Board Member since 2018. Jebunnessa Akbar and Mohammad Abdus Samad are also Shariah Board Members, but their ages and start dates are unknown.

Here is a list of the Board of Directors at Social Islami Bank PLC:

The Executive Committee of Social Islami Bank PLC consists of key individuals who oversee the bank's operations. The committee includes Mohammad Nazmus Saadat, the CEO, who has been in the position since -.

Mohammad Nazmul Ahsan serves as the Corporate Secretary, a role that is crucial in ensuring the bank's compliance with regulatory requirements.

The bank's Chief Tech/Sci/R&D Officer is Hossain Faisal, who joined the bank on August 31, 2022.

Here is a list of the Executive Committee members:

Social Islami Bank offers a wide range of products and services to cater to the diverse needs of its customers.

The bank provides Shariah-based banking services, including Islami Mudaraba Deposit, Islami Mudaraba Investment, and Islami Term Deposit. These products are designed to provide customers with a safe and profitable investment option.

Islami Mudaraba Deposit allows customers to earn a return on their savings while adhering to Islamic principles. The deposit is a profit-sharing investment that provides a competitive return on investment.

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Islami Term Deposit offers a fixed return on investment for a specified period, providing customers with a predictable income stream. The deposit is available in various tenors, ranging from a few months to several years.

The bank also offers various loan and credit facilities, including Islami Personal Loan and Islami Vehicle Financing. These products provide customers with access to funds for personal and business purposes.

Islami Personal Loan is a Shariah-compliant loan that allows customers to borrow money for personal expenses. The loan is available in various amounts and tenors, making it a flexible option for customers.

Islami Vehicle Financing provides customers with the opportunity to purchase a vehicle while adhering to Islamic principles. The financing is available for various types of vehicles, including cars, motorcycles, and trucks.

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Social Islami Bank's financial performance is reflected in its income statement and estimates. The bank's stock market performance is a key indicator of its financial health.

The bank's equity is a crucial aspect of its financial performance, and it's categorized under equities. SIBL Stock is the specific stock that represents the bank's equity.

The company behind SIBL Stock is Social Islami Bank PLC, a bank that operates in the country.

In today's digital age, it's easier than ever to get caught up in the temptation of untraceable loans. These loans often come with high interest rates and hidden fees that can quickly spiral out of control.

The Federal Trade Commission warns that untraceable loans are often offered by scammers who use fake websites, emails, and phone numbers to lure victims in. This can lead to financial ruin.

Be cautious of loans that require you to pay upfront fees, such as loan origination fees or credit check fees. These fees are often non-refundable and can add up quickly.

The Consumer Financial Protection Bureau recommends researching lenders thoroughly before applying for a loan. Look for reviews and check the lender's physical address, not just their website.

If a loan offer seems too good to be true, it probably is. Be wary of loans with extremely low interest rates or no credit check requirements.

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The income statement is a crucial part of a company's financial performance, and it's essential to understand how to read and interpret it. In the case of SIBL Stock, specifically, we can see that the income statement includes information about the stock market and equities.

The company, Social Islami Bank PLC, has a stock that is listed in the stock market. This is likely where investors can buy and sell shares of the company.

Here are the key components of the income statement for SIBL Stock:

In Bangladesh, Social Islami Bank PLC has seen steady growth in sales over the years. The sales in Bangladesh for the fiscal period of December have been increasing consistently.

The sales figures for Bangladesh are as follows: 9.05B in 2019, 9.18B in 2020, 9.39B in 2021, 11.59B in 2022, and 12.01B in 2023.

This steady growth in sales is a testament to the bank's strong presence in the region.

Social Islami Bank has a strong presence in Bangladesh, with over 80 branches across the country.

The bank's head office is located in Dhaka, and it has a wide range of services available to its customers.

You can visit the bank's website to learn more about its services and find a branch near you.

The bank's customer service number is 106, and it's available 24/7 to answer any questions you may have.

Social Islami Bank's ATM network is extensive, with over 200 ATMs across the country.

You can use your debit card to withdraw cash from any of these ATMs.