Shahjalal Islami Bank Limited
Shahjalal Islami Bank Limited 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 inclu 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.
Basic facts and economic indicators (in million Taka).
|Paid up capital||467||936||936||1872||2246||2740|
|(a) Call Deposits||864||1211||1628||2124||3252||6512|
|(b) Term Deposits||8227||10994||16463||20494||33232||40947|
|Loans and Advance||7149||10590||15515||24617||32919||43958|
|Foreign Currency Trading||15427||20099||33501||44869||78396||79450|
|Total Branches (in numbers)||12||16||21||26||33||51|
|Loan Outstanding by Sector|
|Agriculture and Fisheries||136||193||254||262||365||399|
|Trade and Commerce||2414||3279||4647||6748||8042||11015|
Source Government of Bangladesh, Ministry of Finance, Banking and Financial Institution Division, Bank o Arthik Prothisthan Samuher Karjaboli [Annual Report on Banks and Financial Institutions], 2004-05 to 2009-10.
Shahjalal Islami Bank 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 labour's money to their relatives with swiftly and in short time.
Presently, the bank is functioning with an offshore banking unit, 6 SME branches, 14 ATM booths and 63 branches. By the end of March 2011, the Authorised capital and Paid up capital rose to 6000 and 3425.12 million taka respectively.
The bank is run by a directory board. The board consists of one chairman, 2 vice chairman, 15 directors, 3 substitute directors, one sponsor and one company secretary. The shariah board is comprised of one chairman, 7 members and one member-secretary. All decisions related shariah is vested to the board. [Md Ashik Iqbal]