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Shahjalal Islami Bank Securities

Regulated
Bangladesh
,
Since 2008
Last Updated:
46/100
Overall Score

Trading Conditions

Min Deposit:
N/A
Max Leverage:
1
Account Types
JointJointInstitutional+13 more

User Reviews

Total Reviews
This Month
Avg Rating

Funding Methods

8 methods

Bank Transfer (BEFTN, RTGS, NPSB)

bank transfer
hours
Fee:
Free
Fee:
Free

Debit Cards (Visa, NPSB, Q-Cash)

debit card
Instant
Fee:
Free
Fee:
Free

Online Banking Transfers

bank transfer
Instant
Fee:
Free
Fee:
Free

Mobile Financial Services (bKash, Nagad)

e wallet
Instant
Fee:
BDT 50
Fee:
BDT 50

Cheque Deposits

other
3 days
Fee:
Free
Fee:
Free

Cash Deposits at Branches

bank transfer
Instant
Fee:
Free
Fee:
Free

Mobile Banking Transfers

bank transfer
Instant
Fee:
Free
Fee:
Free

International Wire Transfers

wire transfer
3 days
Fee:
Free
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 34%, 2: License 63%, 3: Software 0%, 4: Spread 0%, 5: Account Type 41%, 6: Symbol 0%
Regulation
34%Poor
License
63%Fair
Software
0%Poor
Spread
0%Poor
Account Type
41%Poor
Symbol
0%Poor

Company Information

Full Name:Shahjalal Islami Bank Securities Ltd
Founded:2008
Headquarters:Bangladesh
Enterprise Offices:1offices

Customer Support

Phone:
+880 2-47110035
Live Chat:
business_hours
Response Time:
Languages:
English
Scroll Down
Editorial review
Updated

Broker Summary

What Wikilix has recorded about Shahjalal Islami Bank Securities: its history, the licences it holds, its trading conditions and its fees.

Introduction and Overview

Shahjalal Islami Bank Securities Ltd is a prominent player in the financial services industry, with brokerage services suited for various clients operating within the marketplace. As a broker with the primary objective of meeting the demands of the investors and the capital market, this organization seeks to close the gap between the two.

Although little public information is available about Shahjalal Islami Bank Securities Ltd, the involvement of the company with the finance sector appears to reflect the company’s aim of providing a secure trading environment. This article will present a comprehensive overview of the background details related to Shahjalal Islami Bank Securities Ltd.

Background and History

Shahjalal Islami Bank Securities Ltd is operating in the financial service industry, with principal business activities related to brokerage and trading of securities. Although historical facts and details related to the establishment of such companies are unknown, their name tends to establish a link with the group named Shahjalal Islami Bank, established in the banking industry itself.

Such affiliation may give a solid grounding in financial knowledge for Shahjalal Islami Bank Securities Ltd, so they could deal with their clients in the mix of the knowledge of banking and securities dealings. But because of the scarcity of information, the complete history is yet unaccessible.

Main Features & Offerings

Shahjalal Islami Bank Securities Ltd functions as a trading broker, and these services are expected to include, though are not restricted to, market access to the stock market, securities transactions, as well as investment advice. Even though the exact nature of their offerings, such as accounts and trade platforms, is unknown, it is expected that all these fall under the position of being a trading broker.

With the name of the firm and the industry in consideration, it can be assumed that the services of Shahjalal Islami Bank Securities Ltd include the ability to trade according to the Islamic rules, since this aspect is a very important point for investors in the region.

Regulatory Compliance and Licensing

Having regulation is one of the most important factors in a broker’s authenticity and viability. However, there is very little information available in relation to the regulation licenses of Shahjalal Islami Bank Securities Ltd. This is quite unfortunate because this information would have been able to help in verifying the regulation agencies for this broker or the validity of its regulation licenses.

In this regard, it is recommended that potential investors verify Shahjalal Islami Bank Securities Ltd directly for regulatory compliance to safeguard their investments against the risks of non-compliance with financial laws and standards.

Regulator

License Number

Status

Few details available

No data exists

Little information available

Trading Conditions

Information regarding the trading terms available at Shahjalal Islami Bank Securities Ltd, like the trading spread, leverage, and minimum required deposits, is not available. Likewise, information with respect to the trading platform available with the broker, including whether the broker utilizes its own software or MetaTrader, is also inaccessible.

Generally, brokers operating within this industry try to offer friendly platforms with live market information, analysis facilities, and secured transaction systems. In the absence of detailed information, it is not possible to mention the specifics on the trading and technology facilities provided by Shahjalal Islami Bank Securities Ltd.

Trading Condition

Details

Spreads

Limited information available

Leverage

Few Details Reported

Minimum Deposit

No data available

Trading Platforms

The

Data not available

Educational Fees

Knowing the cost structure is essential on the part of the traders in order to determine the cost effectiveness of a brokerage service. Unfortunately, the details of cost structure including deposit charges, withdrawal charges, or brokerage charges of Shahjalal Islami Bank Securities Ltd. are not available.

Generally, stock brokerage companies impose their charges depending on certain transaction volumes, account types, and levels of services. Clients willing to join such firms should contact Shahjalal Islami Bank Securities Ltd for valid and latest information on charges and commissions charged by such companies.

Fee Type

Details

Deposit Fees

No Data Available

Withdrawal Fees

Limited information available

Commission

No data available

User Experience and Market Reputation

Client experience and reputation can easily determine the dependability and nature of services of the broker. With the very little information available in the public domain regarding client experience, it's rather difficult to judge the reputation of Shahjalal Islami Bank Securities Ltd in the market.

Conclusion

Shahjalal Islami Bank Securities Ltd symbolizes the existence of a brokerage house in the financial sector. Though the operations and charges are not clearly known, the relation with the group organization, Shahjalal Islami Bank, gives the impression that the organization is founded on expertise in finance. Those interested in this service of Shahjalal Islami Bank Securities Ltd must contact the broker directly in order to gather accurate information about this concern. It should be noted that, for each brokerage firm or services provider, pre-implementation analysis and consideration must be taken into account.

Regulation check

Regulatory Licenses

Shahjalal Islami Bank Securities is listed with a tier-1 or tier-2 licence that we have not yet checked against the regulator's register. An unchecked row is not a finding either way.

0 of 1 checked
1Licences on record
0Confirmed on register
1Tier 1 or 2
0Offshore

How far our check got

  • 1 not yet checked
  • SECTier 1 (securities)BangladeshFinancial ServiceNo. Reg.-3.2/CSE-134/2011/267 and Reg.-3.2/CSE-134/2011/268

    What the register says

    Licence number
    Reg.-3.2/CSE-134/2011/267 and Reg.-3.2/CSE-134/2011/268
    Type
    Financial Service

    Client protection under this licence

    • Compensation schemeSIPC insures up to $500,000 per customer (including $250,000 cash)
    • Complaints routeSEC Tips/Complaints/Referral
    • Maximum leverage1:50

    These are the rules SEC sets for the firms it licenses. They are not a statement about how Shahjalal Islami Bank Securities applies them, or about which of its companies would hold your account.

    About Securities and Exchange Commission

    Onshore regulatorGovernment bodyCompensation: SIPC insures up to $500,000 per customer (including $250,000 cash)Public registerTransparency: medium
    Typical cost of this licence
    Varies; FINRA and SEC registration fees
Where we have checked a licence, it was checked against the issuing regulator's own register. Register wording is quoted as found.See all tier-1 regulated brokers
Trading accounts
Updated

Account Types

16 account types on record. Leverage up to 1:1.

16 account types
AccountMin DepositLeverageCommission
JointCorporateNot recorded1:1Not specified
JointCorporateNot recorded1:1Not specified
InstitutionalCorporateNot recorded1:1Not specified
ProfessionalVIPNot recorded1:1Not specified
RegularStandardNot recorded1:1Not specified
InstitutionalCorporateNot recorded1:1Not specified
JointCorporateNot recorded1:1Not specified
JointCorporateNot recorded1:1Not specified
JointCorporateNot recorded1:1Not specified
JointCorporateNot recorded1:1Not specified
VIPNot recorded1:1Not specified
JointCorporateNot recorded1:1Not specified
StandardNot recorded1:1Not specified
Cash (invest)InvestNot recorded1:1Not specified
JointCorporateNot recorded1:1Not specified
JointCorporateNot recorded1:1Not specified
Account names and conditions as published by Shahjalal Islami Bank Securities, recorded by Wikilix.
Deposits & withdrawals

Funding Methods

10 ways to fund an account. 7 with no deposit fee. 6 credit instantly. The costliest way in is Mobile Financial Services (bKash, Nagad) at BDT 50.

10 methods
MethodDeposit feeWithdrawal feeMin depositWithdrawal min / maxProcessing
Bank Transfer (BEFTN, RTGS, NPSB)Bank TransferRTGS transactions incur BDT 100 fee per transaction. Available for clients with accounts at SJIBL and other participating banks in Bangladesh.FreeFreeBDT 500BDT 500BDT 500,000hour
Debit Cards (Visa, NPSB, Q-Cash)Debit CardWithdrawal fees vary by network; fees apply for ATM withdrawals outside SJIBL network. Accepted at ATMs and merchants within Bangladesh and internationally depending on network.FreeNot recordedBDT 500BDT 500BDT 100,000Instant
Online Banking TransfersBank TransferTransaction limits apply per transaction and per day. Available to clients with internet access and SJIBL account.FreeNot recordedBDT 500BDT 500BDT 500,000Instant
Mobile Financial Services (bKash, Nagad)E-WalletTransaction limits apply per transaction and per day. Available to clients with bKash or Nagad accounts.BDT 50BDT 50BDT 50BDT 50BDT 50,000Instant
Cheque DepositsOtherCheque clearance may take 1-3 business days. Available to clients with cheque-writing privileges.FreeFreeBDT 500BDT 500BDT 500,0003 days
Cash Deposits at BranchesBank TransferSubject to branch operating hours. Available at all SJIBL branches.FreeFreeBDT 500BDT 500BDT 500,000Instant
Mobile Banking TransfersBank TransferTransaction limits apply per transaction and per day. Available to clients with internet access and SJIBL account.FreeNot recordedBDT 500BDT 500BDT 500,000Instant
International Wire TransfersWire TransferFees vary based on correspondent bank and currency. Available for clients with international wire transfer capabilities.Not recordedNot recordedBDT 500BDT 500BDT 500,0003 days
Mobile Financial Services (Rocket)E-WalletTransaction limits apply per transaction and per day. Available to clients with Rocket accounts.BDT 50BDT 50BDT 50BDT 50BDT 50,000Instant
Cheque WithdrawalsOther1-3 business days clearance for cheque withdrawals.FreeFreeNot recordedBDT 500BDT 500,0003 days
Fees, limits and processing times as published by Shahjalal Islami Bank Securities, recorded by Wikilix.
Legal entities

Corporate Network

One legal entity behind the Shahjalal Islami Bank Securities brand.

1 entity
  • SHAHJALAL ISLAMI BANK SECURITIES LTD.ActiveBangladeshRegistration C-86917Established Mar 3, 2019
Entities named in the broker's own documents and company registers, recorded by Wikilix.

Comments

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