Shahjalal Islami Bank PLC. (SJIBPLC) is a

shariah Sharia, Sharī'ah, Shari'a, or Shariah () is a body of religious law that forms a part of the Islamic tradition based on scriptures of Islam, particularly the Qur'an and hadith. In Islamic terminology ''sharīʿah'' refers to immutable, intan ...

compliant private sector commercial bank headquartered in Dhaka,

Bangladesh Bangladesh, officially the People's Republic of Bangladesh, is a country in South Asia. It is the List of countries and dependencies by population, eighth-most populous country in the world and among the List of countries and dependencies by ...

History

The bank was incorporated on 10 May 2001. The Shahjalal Islami Bank Foundation is the corporate social responsibility unit of the bank. In May 2011, Anwer Hossain Khan, chairman of Modern Diagnostic Centre and Anwer Khan Modern Hospital, was elected chairman of Shahjalal Islami Bank Limited. Md Harun Miah, director of Kushiara Financial Services Limited, and Khandoker Sakib Ahmed, director of Zuiria Trade International, were elected vice-chairmen of Shahjalal Islami Bank Limited. In November 2012, 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 The taka (, , sign: , code: BDT, short form: Tk) is the currency of Bangladesh. In Unicode, it is encoded at . Issuance of banknotes 10 and larger is controlled by Bangladesh Bank, while the 2 and 5 govt. notes are the responsibility of the ...

from the bank. In 2014, the Anti-Corruption Commission arrested bank director and former chairman Mohammed Solaiman on charges of embezzling 1.4 billion Taka from the bank through bad loans given to Joynob Steel, SK Steel and Paradise Corporation. In the same year, another Director Mohammed Solaiman was accused by the Anti Corruption Commission charged his with misappropriating 1.49 billion Taka. In 2015, Bangladesh Anti-Corruption Commission sued Bismillah Group’s Managing Director Khaza Solaiman Anwar Chowdhury for embezzling 1.1 billion Taka from Shahjalal Islami Bank Limited and 14 others including four employees of the bank. In June, AK Azad, chairman of Ha-Meem Group, was elected chairman of Shahjalal Islami Bank. Mohammad Younus, chairman of Younus Group of Industries, and Md Abdul Barek were elected vice-chairman of the bank. In 2016, Bangladesh Anti-Corruption Commission's former deputy managing director of the bank, Md Monjerul Islam, and four others, were charged with embezzling 2.5 billion Taka. They did so by opening fake

letter of credit A letter of credit (LC), also known as a documentary credit or bankers commercial credit, or letter of undertaking (LoU), is a payment mechanism used in international trade to provide an economic guarantee from a creditworthy bank to an exp ...

. In January 2018, Akkas Uddin Mollah, Chairman of Russel Spinning Mills Limited and Osman Memorial Hospital, was elected chairman of the bank. M Shahidul Islam was appointed managing director of the bank in October 2018. Khandoker Sakib Ahmed, managing director of Zuairia Group, and Mohammed Golam Quddus, representing Anwar Khan Modern Hospital Limited, were elected as vice-chairmen of the bank. In January 2021, Md Sanaullah Shahid, chairman of Electra International, was re-elected chairman of the bank. Md Harun Miah, chairman of Hotel Pritom Inn and managing director of Shahjalal Islami Bank Securities, and Md Abdul Barek were re-elected vice-chairmen of the bank.

Prashanta Kumar Halder Prashanta Kumar Halder, also known as PK Halder, is a Bangladeshi-Canadian banker, businessman and finance officer. He is known for embezzling of more than 102 billion taka ($854 million USD approximately as of 2024), one of the biggest cases in ...

used Shahjalal Islami Bank Limited to launder money from his embezzlement. In January 2022, Mohammed Younus, managing director of Ananta Paper Mills Limited, was elected chairman of the bank. Mohiuddin Ahmed, chairman of Rupsha Trading Corporation, and Mohammed Golam Quddus were elected vice-chairmen of Shahjalal Islami Bank Limited. In February 2024, AK Azad, managing director of Ha-Meem Group of Companies, was elected chairman of the Bank. Mohammed Younus, managing director of the Sobhan Ice & Cold Storage, and Mohiuddin Ahmed, proprietor of Rupsha Trading Corporation and Mohiuddin Auto House, have been re-elected vice-chairmen of the bank. In January 2025, AK Azad, managing director of Companies, was re-elected as chairman of Shahjalal Islami Bank PLC. Mohammed Younus, managing director of the Sobhan Ice & Cold Storage and Mohiuddin Ahmed, proprietor of Rupsha Trading Corporation and Mohiuddin Auto House, were re-elected as vice-chairmen of the bank.

References

{{Banks in Bangladesh Banks established in 2001 Banks of Bangladesh Companies listed on the Dhaka Stock Exchange Companies listed on the Chittagong Stock Exchange Islamic banks of Bangladesh