Shahjalal Islami Bank PLC (SJIB PLC) – শাহ্জালাল ইসলামী ব্যাংক পিএলসি (এসজেআইবি পিএলসি) commenced its commercial operation in accordance with principle of Islamic Shariah on the 10th May, 2001 under the Bank Companies Act, 1991. During these years SJIB PLC has diversified its service coverage by opening new branches at different strategically important locations across the country offering various service products both investment & deposit. Islamic Banking, in essence, is not only INTEREST-FREE banking business, it carries deal wise business product thereby generating real income and thus boosting GDP of the economy. Board of Directors enjoys high credential in the business arena of the country, Management Team is strong and supportive equipped with excellent professional knowledge under leadership of a veteran Banker Mr. Mosleh Uddin Ahmed.
Overview of Shahjalal Islami Bank PLC:
Shahjalal Islami Bank PLC (SJIB PLC) – শাহ্জালাল ইসলামী ব্যাংক পিএলসি (এসজেআইবি পিএলসি) is a prominent Shariah-compliant commercial bank in Bangladesh, established on May 1, 2001. Operating under the guidance of Shariah principles, SJIBPLC follows an Islamic banking model that prohibits interest-based transactions, focusing instead on profit-sharing, partnership, and other ethical investment strategies. The bank provides a broad range of financial services to individuals, businesses, and institutions while upholding its commitment to social and economic development.
SJIB PLC is guided by a dedicated Shariah Supervisory Board, consisting of Islamic scholars and financial experts who ensure all services and investments strictly adhere to Shariah principles. SJIB PLC is recognized not only for its financial strength and performance but also for its contribution to ethical finance in Bangladesh, creating sustainable opportunities while promoting financial inclusion through Shariah-based products.
See also:
❏ Banks in Bangladesh
Shahjalal Islami Bank PLC at a glance: | |
| Bank Name | Shahjalal Islami Bank PLC (শাহ্জালাল ইসলামী ব্যাংক পিএলসি) |
| Logo |  |
| Legal Status | Public Limited Company |
| Established | 2001 |
| Type | Private Islamic Bank |
| Category | Commercial Bank |
| Origin | Local Bank |
| No. of Branches | 140 |
| No. of ATM Booths | 132 |
| No. of SME Centers | |
| Off-Shore banking Unit | 1 |
| No. of Employees | 2741 |
| Authorized Capital | Tk. 15,000 million |
| Paid up Capital | Tk. 10,291 million |
| Face Value per Share | Tk. 10 |
| Subsidiary Company | Shahjalal Islami Bank Securities Limited |
| Address | Shahjalal Islami Bank Tower, Plot-4, Block-CWN(C), Gulshan Avenue, Dhaka-1212, Bangladesh |
| Call Center | 16302, +88 09666616302 (Overseas) |
| Telephone | +88 02-222264736, 222283457 (Hunting Number) |
| Fax | +88 02-222297607 |
| Bank Code | 190 |
| SWIFT Code | SJBLBDDH |
| Stock Code | SHAHJABANK – DSE CSE |
| sjiblho@sjiblbd.com | |
| Website | www.sjiblbd.com |
| Service Hours | Business day (Sun ~ Thu) 10:00 am ~ 4:00 pm * (Fri ~ Sat) Closed |
| Services |
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History of Shahjalal Islami Bank PLC:
Shahjalal Islami Bank PLC (SJIB PLC) a private proprietorship commercial bank. It commenced banking operation in accordance with principle of Islamic shariah on 10 May, 2001 under the Bank Companies Act, 1991. The bank invests in different sectors and the earning profit distributes the depositors through Islamic shariah.
Shahjalal Islami Bank takes few projects including Money increasing two/three times project, Monthly earning projects, Monthly deposit project, Hajj deposit project, Millionaire project, Housing deposit project, Cash Waqf deposit project, Lakhapati deposit project, Mahr deposit project, Education deposit project, Marriage deposit project, Buy house-furniture through installment project, Small trader investment programme, Small entrepreneur investment programme, Medium entrepreneur investment programme, Housing investment project, Rural investment programme, Buying car investment project, Women entrepreneur investment project, CNG conversion project, Foreign employment investment project, Marriage investment project, Study investment project and executive investment project.
Shahjalal Islami Bank PLC provides financial aid through rural branch establishing agro-based industry and to produce agrarian crops under the rural investment programme. The bank also plays an important role to improve lifestyle creating new field of income and generating employment opportunities through investment in industrial sectors.
As a part of social liabilities, Shahjalal Islami Bank provides free treatment of insolvent and needy people, distributes eatable materials in poverty-stricken region, endows financial aid to the poor but meritorious students and contributes in various public welfare works. In order to perform such activities the bank found ‘Shahjalal Islami Bank Foundation’. A deal has been signed up with Western Union for reaching migrated labor’s money to their relatives with swiftly and in short time.
Presently, the bank is functioning with an offshore banking unit, 15 SME branches, 45 ATM booths and 132 branches. By the end of March 2020, the Authorized capital and Paid up capital rose to 15000 and 9801 million taka respectively.
The bank is run by a directory board. The board consists of one chairman, 1 vice chairman, 18 directors. The shariah board is comprised of one chairman, 9 members and one member-secretary. All decisions related shariah is vested to the board.
Services Offered by Shahjalal Islami Bank PLC:
Shahjalal Islami Bank PLC, a prominent Shariah-based Islamic bank in Bangladesh, offers a wide range of financial products and services compliant with Islamic principles. Key services include:
Deposit Products
- Mudaraba Savings Account: Profit-sharing savings account.
- Mudaraba Term Deposit: Fixed deposit accounts for varying durations.
- Mudaraba Hajj Savings Scheme: Savings for Hajj expenses.
- Mudaraba Monthly Profit Deposit Scheme: Monthly profit disbursement deposit.
- Mudaraba Millionaire Scheme: Structured savings to accumulate a significant sum.
- Mudaraba Double/Triple Deposit Scheme: Doubles or triples the deposit over a specified period.
Investment Products
- Bai-Murabaha (Cost Plus Profit): Financing for business or personal needs.
- Bai-Muajjal (Deferred Payment): Deferred payment financing.
- Hire Purchase under Shirkatul Melk: Lease-based financing for assets or equipment.
- Ijara (Leasing): Lease financing compliant with Islamic law.
- Mudaraba and Musharaka Investments: Partnership-based financing solutions.
- Agricultural and SME Financing: Support for agricultural and small business sectors.
Retail Banking Services
- Consumer Financing: Financing for home appliances, vehicles, and personal needs.
- Housing Finance: Shariah-compliant home financing solutions.
- Education Savings Schemes: Plans to save for educational expenses.
Corporate Banking
- Tailored financial solutions for businesses, including working capital, project finance, and trade finance.
Foreign Trade Services
- Import and Export Financing: Assistance for international trade.
- Letter of Credit (LC): LC issuance and advisory services.
- Foreign Remittance: Facilitation of inward and outward remittances.
Other Services
- Islamic Credit Cards (Kafalah-based): Shariah-compliant credit facilities.
- Online Banking Services: Digital banking for convenience.
- Mobile and Internet Banking: Access to banking services anytime, anywhere.
- Locker Services: Secure deposit lockers for valuables.
- Zakat Management: Assistance in managing and distributing Zakat.
Specialized Services
- Hajj and Umrah Services: Financial packages and savings plans for pilgrims.
- CSR Activities: Contributions to social development projects.
For the latest offerings and detailed information, it is best to visit the bank’s official website or contact their nearest branch.
Contact
Shahjalal Islami Bank PLC (SJIB PLC), Head Office: Shahjalal Islami Bank Tower, Plot-4, Block-CWN(C), Gulshan Avenue, Dhaka-1212, Bangladesh or contact any Branch/ Sub-Branch/ Agent Banking Outlet of the Bank
✆ Call Center: 16302, +88 09666616302 (Overseas)
Telephone: +88 02-222264736, 222283457 (Hunting Number)
Fax: +88 02-222297607
Bank Code: 190
SWIFT Code: SJBLBDDH
Email: sjiblho@sjiblbd.com
Website: www.sjiblbd.com
