Shahjalal Islami Bank signs MoU with Union Development & Technologies Limited

A Memorandum of Understanding (MoU) has been signed between Shahjalal Islami Bank PLC (SJIB PLC) and Union Development & Technologies Limited on 25th May 2025 at the corporate head office of the bank.

In the presence the Managing Director of Shahjalal Islami Bank PLC Mr Mosleh Uddin Ahmed, the Deputy Managing Director of the Bank Mr. Mustafa Husain and the Managing Director of Union Development & Technologies Limited Mr. Sheikh Abul Hashem signed on the MoU on behalf of their respective organizations, according to a press release.

After the signing of the agreement, the Additional Managing Director of Shahjalal Islami Bank PLC Mr Imtiaz U. Ahmed handed over the documents to Mr. Sheikh Abul Hashem, Managing Director of Union Development &Technologies Limited.

Under the agreement, Shahjalal Islami Bank PLC will provide investment facility and special discount on investment profit rate on easy terms and in the shortest possible time for the esteemed buyers of flats and commercial spaces built by Union Development & Technologies Limited.

Among others the Deputy Managing Director of Shahjalal Islami Bank PLC Mr M M Saiful Islam, the EVP of the Bank’s Risk Management Division Mr. Mohammed Abu Shayem, the head of the Retail Banking Department of the Corporate Head Office Mr S M Mohiuddin, the Manager of Panthapath Branch of the Bank Mr Muhammed Noorunnabi and the Senior General Manager-Operations of Union Development & Technologies Limited Mr Syed Mozhar-uz-Zamanalong with the senior officials of both organizations were present in the agreement ceremony.