About Social Islami Bank
Social Islami Bank is a company based in Dhaka (Bangladesh) founded in 1995.. Social Islami Bank has raised $57.85 million across 1 funding round. Social Islami Bank offers products and services including Mudaraba Term Deposit, SIBL Islamic Auto Finance, SIBL Visa Islamic Credit Card, and Internet Banking. Social Islami Bank operates in a competitive market with competitors including Scotiabank, BRAC Bank, Mutual Trust Bank, Dhaka Bank and Midland Bank, among others.
- Headquarter Dhaka, Bangladesh
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Social Islami Bank Plc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$57.85 M (USD)
in 1 rounds
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Latest Funding Round
$57.85 M (USD), Series C
Nov 25, 2020
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Investors
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Employee Count
Employee Count
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Products & Services of Social Islami Bank
Social Islami Bank offers a comprehensive portfolio of products and services, including Mudaraba Term Deposit, SIBL Islamic Auto Finance, SIBL Visa Islamic Credit Card, and Internet Banking. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Sharia-compliant fixed-term account for savings and returns.
Islamic financing option for vehicle purchases and ownership.
Sharia-based credit card for transactions and payments.
Online platform for account management and transfers.
Funding Insights of Social Islami Bank
Social Islami Bank has successfully raised a total of $57.85M through 1 strategic funding round. The most recent funding activity was a Series C round of $57.85 million completed in November 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series C — $57.9M
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First Round
First Round
(25 Nov 2020)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2020 | Amount | Series C - Social Islami Bank | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Social Islami Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Social Islami Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Social Islami Bank Comparisons
Competitors of Social Islami Bank
Social Islami Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Scotiabank, BRAC Bank, Mutual Trust Bank, Dhaka Bank and Midland Bank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
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Commercial banking services are provided in Bangladesh since 2001.
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| domain | founded_year | HQ Location |
Retail banking services are provided to customers in Bangladesh.
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| domain | founded_year | HQ Location |
Commercial banking services are offered in Bangladesh.
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| domain | founded_year | HQ Location |
Commercial bank
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Social Islami Bank
Frequently Asked Questions about Social Islami Bank
When was Social Islami Bank founded?
Social Islami Bank was founded in 1995 and raised its 1st funding round 25 years after it was founded.
Where is Social Islami Bank located?
Social Islami Bank is headquartered in Dhaka, Bangladesh.
Is Social Islami Bank a funded company?
Social Islami Bank is a funded company, having raised a total of $57.85M across 1 funding round to date. The company's 1st funding round was a Series C of $57.85M, raised on Nov 25, 2020.
What does Social Islami Bank do?
Social Islami Bank was established in 1995 as a commercial bank adhering to Islamic finance principles. Operations are centered in Dhaka, Bangladesh, with services including deposit accounts, financing, and trade support extended across the country. The bank functions within the financial sector, focusing on Sharia-compliant products for retail and corporate clients. Expansion has been pursued through branches and digital platforms to serve local markets.
Who are the top competitors of Social Islami Bank?
Social Islami Bank's top competitors include Scotiabank, BRAC Bank and Standard Bank.
What products or services does Social Islami Bank offer?
Social Islami Bank offers Mudaraba Term Deposit, SIBL Islamic Auto Finance, SIBL Visa Islamic Credit Card, and Internet Banking.