Shahjalal Islami Bank Limited informed that the Board of Directors has decided to issue 7 (Seven) years Non-Convertible Unsecured Fully-redeemable Floating Rate "SJIBL 3rd Mudaraba Subordinated Bond" for BDT 500 .00 million (Taka Five hundred crore) only to strengthen Tier - II capital of the Bank as per requirement under Basel III through private placement subject to the approval of the Regulatory Authorities and compliance of all formalities in this respect.