First Security Islami Bank Ltd. (FSIBL)


First Security Islami Bank Limited was incorporated on 29 August 1999 as a commercial bankwith a vision of being the premier financial institution in the country by providing high quality products and services backed by latest technology and a team of highly motivated personnel to deliver excellence in Banking. It started operations on 25 October 1999 with an authorized capital of 10,000 million taka and paid up capital is 6,788.74 Million taka. From 2009 the bank started sharia banking.Bangladesh Sports Press Association (BSPA) in 2014 awarded the bank best sponsor. The Bank sponsored the National School Hockey Tournament. It’s a Public Limited Company. Mr. Mohammad SaifulAlam, Mr. Alhaj Mohammad Abdul Maleque and Mr. Syed Waseque Md. Ali are the honorable chairman, vice-chairman and Managing Director of the bank respectively. Their missions are contributing to the socio-economic development of the country, attaining the highest level of satisfaction through the extension of services by dedicated and motivated professionals, maintaining continuous growth of market share by ensuring quality, ensuring ethics and transparency in all levels, ensuring sustainable growth and establish full value of the honorable shareholders and above all, contributing effectively to the national economy.

Mohammed Saiful Alam


Mohammed SaifulAlam was born in Chittagong in the year 1960. He comes from a very prominent and highly respectable family of Bangladesh. He is a man with distinctive vision, dynamism, commitment and innovative ideas. As a chairman of First Security Islami Bank Limited he has brought along with him a vast wealth of experience and expertise of managing a good number of industries of his own throughout the country.

He is a very successful entrepreneur and an eminent industrialist of the country. He is the Chairman of the Board of Directors of First Security Islami Capital & Investment Limited, Reliance Finance Limited, Reliance Brokerage Services Limited, KarnaphuliPrakritik Gas Limited and Managing Director of S. Alam Steels Limited, S. Alam Cement Limited, S. Alam Brothers Limited, S. Alam Hatchery Limited, S. Alam Trading Company (Pvt.) Limited, S. Alam Bag Manufacturing Mills Limited, S. AlamSoyaseed Extraction Plant Limited, S. Alam Refined Sugar Industries Limited, S. Alam Cold Rolled Steels Limited, S. Alam Luxury Chair Coach Services Limited, S. Alam Power Generation Limited, S. Alam Tank Terminal Limited, S. Alam Properties Limited, Sonali Cargo Logistics (Pvt.) Limited, Fatehabad Farm Limited, Portman Cements Limited and the Director of Northern General Insurance Co. Limited. He is also Sponsor Shareholder of Al-ArafahIslami Bank Limited, S. Alam Super Edible Oil Limited, S. Alam Vegetable Oil Limited, Shah AmanatPrakritik Gas Company Limited and the Proprietor of S. Alam& Co.

Alhaj Mohammed Abdul Maleque

Vice- Chairman

Alhaj Mohammed Abdul Maleque was born in Chittagong in the year 1953. He is a sponsor shareholder of First Security Islami Bank Limited. He is a renowned business man. He took part in various seminars and symposium in the country and abroad.

Mr. Maleque is the Chairman of Jesco Capital Management Limited, ABM Tower Limited, Bengal Center Limited. He is also the Chairman & Managing Director of Jesco Bangladesh Limited, Kharana Fish & Poultry Limited and Managing Director of Chittagong Board and Paper Mills Limited. He is the Director of Central Hospital Limited, First Security Islami Capital & Investment Limited, former Chairman and Sponsor Shareholder of Central Insurance Co. Limited, former Director of Chittagong Chamber of Commerce & Industry and Proprietor of M/S. Bengal Corporation, M/S. Bengal Trading, M/S. Lucky Electronics.

 Syed WasequeMd Ali

Managing Director

 Syed WasequeMd Ali was born in Dhaka, Bangladesh in 1962. He started his banking career with IFIC Bank Ltd. in 1983. Mr. Ali, a dynamic leader and a seasoned banker, having more than 32 years of extensive and versatile banking experience with diversified, welfare and next generation banking business. He joined First Security Islami Bank Limited as Senior Executive Vice President in 2008 and was promoted as Deputy Managing Director in the year 2011. He was appointed as the Managing Director in the year 2015. Prior to his joining with FSIBL, he served several managerial positions in different banks in Bangladesh. During his long Banking Career, he has undergone various training and participated in many multifaceted professional and international seminars, workshops & symposiums on Banking and Finance both in the country and abroad. Mr. Ali was President of Rotary Club of Dhaka North and presently serving as Convener of Gulshan Society Zone-6, Dhaka, also a life member of Gulshan Society, Gulshan Youth Club, Gulshan Health Club, Dhaka, Bangladesh. He is also associated with a number of institutions and communities.

Board of Directors:

First Security Islami Bank Ltd. Celebrated its 17th Anniversary:

First Security Islami Bank Limited celebrated its 17th Anniversary on 25 October, 2016 in a simple ceremony organized in the FSIBL Head Office. The bank is providing shariah based modern banking services to clients from its inception. The bank has 155 branches network, 122 ATM network throughout the country and providing Online Banking, Internet Banking, SMS Banking, Mobile Banking, Agent Banking, School Banking services.
On the occasion of 17th anniversary Mr. Syed Waseque Md. Ali, Managing Director of the bank gratefully acknowledged the support & guidance of FSIBL Valued Clients, Bangladesh Bank, Shareholders, Bangladesh Security & Exchange Commission, Dhaka & Chittagong Stock Exchanges Ltd., Well Wishers & Employees. Among others, Mr. Quazi Osman Ali & Mr. Syed Habib Hasnat, Additional Managing Director(s), Mr. Md. Mustafa Khair, Deputy Managing Director, Divisional Heads & other high officials were also present on the occasion.


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