SJIBL launches shariah-based credit card

Shahjalal Islami Bank Ltd (SJIBL) on Saturday launched its first ever Islami shariah-based credit card in order to provide better banking services to the clients.

"SJIBL credit card will follow concept of Wakalah, where the bank will apply advocacy fee or commission on every transaction from the cardholder," Managing Director and CEO of Shahjalal Islami Bank Ltd. M. Shahidul Islam said at a press conference while launching the card in a city hotel.

SJIBL issued this EMV (Europay, MasterCard, Visa) chip-based secure credit card into three different categories: classic, gold and platinum.

Every credit card holder can enjoy cashless transaction and shopping by using this card without any hassle.

On the other hand a customer can enjoy e-commerce services, EMI facilities at zero per cent profit rate and discount at various restaurants.

The card will provide insurance facilities to the clients where his/her life will be more secure and the credit card will add a new dimension of cashless service for its' stakeholders.

The SJIBL managing director said of the three categories, platinum card holders will have the access to use Balaka Executive Lounge at Hazrat Shahjalal International Airport and get different hosting opportunities.

SJIBL's 24/7 call center will provide solutions to every card related problems, he said.

The managing director said every transaction will be notified by the bank through SMS and e-alert services. Card holders can transfer fund to SJIBL credit card to his/her SJIBL A/c and can withdraw money from any VISA-enabled ATM booth from anywhere in the world.

This credit card can be reissued without any additional charge by simply achieving reward points. Every transaction will add reward point to Shahjalal Bank's credit card.

The Managing Director and CEO of the bank stated in his speech that the total equity of the bank now is Tk 25 billion, the paid up capital Tk 8.48 billion, total asset Tk 256.82 billion, total deposit and investment Tk 384.36 billion.

The bank's export and import business stands on Tk 150 billion during the first six months in 2019 and earned remittance worth Tk 4.0 billion.

Among others, Additional Managing Director of the Bank Abdul Aziz, Deputy Managing Directors Md. Shahijahan Shiraj, M Akther Hossain, Mian Quamrul Hasan Chowdhury and the Head of Card Division of the Bank Marufur Rahman Khan were also present at the press conference.

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