The New Nation - Internet Edition

Social Investment Bank limited (SIBL) opened its 27th Branch at Chowmohoni, Noakhali on November 12 last.

SIBL Chairman Abdul Awal Patwary formally inaugurated the branch as the chief guest.

SIBL Vice Chairman Alhajj Nasiruddin and Directors Major (Retd) Dr Md Rezaul Haque, and ex-Director Md Shah Alam were present as special guests at the opening ceremony.

It was presided over by the bank's Managing Director KM Ashaduzzaman. SIBL Additional Managing Director Abu Sadek Md Sohel, senior executives, clients and local elites were present on the occasion.

In his speech, Abdul Awal Patwary said, the difference between the SIBL and other traditional banks is Shariah. As an Islamic bank SIBL works for the good of the poor people.

He explained the three-sector model of the bank and urged the people to provide co-operation to implement the programmes of SIBL.

He also lauded the state-of-the-art information technology including on line banking services of SIBL.

Managing Director of SIBL said Cash Waqf is a unique product of SIBL, which might contribute to the development of mass people and SIBL was the pioneer that is implementing this program.

KM Ashaduzzaman, Managing Director narrated the three-sector model of the bank before the audience and hoped that through implementing these unique programmes SIBL can contribute to a great extent to the economy of the country.

He said from the beginning SIBL is providing electronic banking services to its clients.

He promised to render most modern banking services being equipped with state- of- the-art automation technology.