SIBL joins with Nagad to disburse remittance

Social Islami Bank Limited (SIBL) signed an agreement with Nagad for facilitating cross-border remittance services to Bangladeshi expatriates by using Mobile Financial Services, Nagad, at the bank’s head office on Wednesday.

Under the remittance disbursement agreement, remittance through SIBL can be sent directly to Nagad wallet, and beneficiaries can withdraw the amount or transfer it to other accounts, said a press release.

Mohammad Forkanullah, deputy managing director of SIBL, and Maruful Islam Jhalak, executive director of technology, and business assurance of Nagad, signed the agreement on behalf of their respective sides.

SIBL Managing Director and CEO Zafar Alam was present as the chief guest at the agreement signing ceremony.

Abdul Hannan Khan, deputy managing director, Kazi Obaidul Al-Faruk, head of HRD, Joynal Abedin, head of branches control division, Md Akmal Hossain, head of the international division, Mohammad Ziaul Haque, head of remittance operations and Md Shihab Uddin Chowdhury, the chief commercial officer of Nagad, and senior officials of both organisations were also present on the occasion.