Shahjalal Islami Bank Limited (SJIBL) is a sharia 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 eighth-most populous country in the world, with a population exceeding 165 million people in an area of . Bangladesh is among the mos ...

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 BDT from the bank. In 2014, the

Anti Corruption Commission The Anti Corruption Commission ( bn, দুর্নীতি দমন কমিশন) ''often abbreviated:'' ACC ( bn, দুদক) is the principal government agency against corruption in Bangladesh. History The Anti Corruption Commissio ...

arrested bank director and former chairman Mohammed Solaiman on charges of embezzling 1.4 billion

Taka The Bangladeshi taka ( bn, টাকা, sign: , code: BDT, short form: Tk) is the currency of the People's Republic of Bangladesh. In Unicode, it is encoded at . Issuance of bank notes 10 and larger is controlled by Bangladesh Bank, while ...

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 Bismillah Group is terry towel producer and exporter that embezzled 9.9 billion Taka from five separate banks and is located in Dhaka, Bangladesh. As of 2015 the banks are yet to recovery any of the stolen funds. History Bismillah group allege ...

’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 Limited. Mohammad Younus, chairman of Younus Group of Industries, and Md Abdul Barek were elected vice-chairman of Shahjalal Islami Bank Limited. 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 Shahjalal Islami Bank Limited. M Shahidul Islam was appointed managing director of Shahjalal Islami Bank Limited in October 2018. Khandoker Sakib Ahmed, managing director of Zuairia Group, and Mohammed Golam Quddus, represents Anwar Khan Modern Hospital Limited, were elected vice-chairmen of Shahjalal Islami Bank Limited. In January 2021, Md Sanaullah Shahid, chairman of Electra International, was re-elected chairman of Shahjalal Islami Bank Limited. 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 Shahjalal Islami Bank Limited.

Prashanta Kumar Halder Prashanta Kumar Halder, also known as PK Halder, is a Bangladeshi-Canadian banker, businessman and a finance officer. He is a fugitive and wanted in Bangladesh for embezzlement of more than 102 billion taka, one of the biggest cases in Bangladesh. ...

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 Shahjalal Islami Bank Limited. Mohiuddin Ahmed, chairman of Rupsha Trading Corporation, and Mohammed Golam Quddus were elected vice-chairmen of Shahjalal Islami Bank Limited.

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