Prime Bank holds training in Islamic banking
Sunday, 6 January 2008
FE Report
Prime Bank Training Institute has organised a five-day international training on 'Islamic Banking Supervision, Basel-II and Capital Adequacy' at its head office in the city.
Senior executives of six Islamic banks and nine other conventional banks having Islamic banking branches, including Prime Bank, took part in the training programme.
Chairman of Prime Bank Ltd Azam J Chowdhury inaugurated the training programme as the chief guest Saturday, said a press release.
Chowdhury, in his inaugural speech, said Islamic banking is fundamentally different from the conventional banking. It is, therefore, extremely important to run the Islamic banking operations by professionally trained personnel in compliance with the principles of Islam.''
"Since this business is based on profit-sharing, the risk mitigation factors are to be addressed by adapting to the BASEL-11 guidelines, which will ensure close supervision and stronger risk management practices,'' he added.
Managing Director (MD) of the bank M Shahjahan Bhuiyan, in his speech, underlined the corporate and social responsibilities of Prime Bank.
Nasiruddin Ahmed, deputy managing director of Prime Bank, Abdul Awal Sarker, DGM and incharge of Islamic Banking Department of the Bangladesh Bank, and M Kabir Hassan, professor of New Orleans University, the USA, spoke on the occasion.
The aim of the training course is to provide a thorough understanding about the legal and regulatory issues of Islamic banking and updated information about the latest developments of Islamic banking and finance to the bank officials.
M Kabir Hassan is the resource person in the training course. Among others, Mohammad Aminul Haque, chairman of the executive committee and Mahbubul Alam, deputy managing director, Marina Yasmin Chowdhury, former director, and the members of the Shariah Council of Prime Bank Ltd, managing director and dignitaries of other Islamic banks, representatives of Central Shaiah Board and Islamic Economics Department of Bangladesh Bank were also present in the inaugural function.
Prime Bank Training Institute has organised a five-day international training on 'Islamic Banking Supervision, Basel-II and Capital Adequacy' at its head office in the city.
Senior executives of six Islamic banks and nine other conventional banks having Islamic banking branches, including Prime Bank, took part in the training programme.
Chairman of Prime Bank Ltd Azam J Chowdhury inaugurated the training programme as the chief guest Saturday, said a press release.
Chowdhury, in his inaugural speech, said Islamic banking is fundamentally different from the conventional banking. It is, therefore, extremely important to run the Islamic banking operations by professionally trained personnel in compliance with the principles of Islam.''
"Since this business is based on profit-sharing, the risk mitigation factors are to be addressed by adapting to the BASEL-11 guidelines, which will ensure close supervision and stronger risk management practices,'' he added.
Managing Director (MD) of the bank M Shahjahan Bhuiyan, in his speech, underlined the corporate and social responsibilities of Prime Bank.
Nasiruddin Ahmed, deputy managing director of Prime Bank, Abdul Awal Sarker, DGM and incharge of Islamic Banking Department of the Bangladesh Bank, and M Kabir Hassan, professor of New Orleans University, the USA, spoke on the occasion.
The aim of the training course is to provide a thorough understanding about the legal and regulatory issues of Islamic banking and updated information about the latest developments of Islamic banking and finance to the bank officials.
M Kabir Hassan is the resource person in the training course. Among others, Mohammad Aminul Haque, chairman of the executive committee and Mahbubul Alam, deputy managing director, Marina Yasmin Chowdhury, former director, and the members of the Shariah Council of Prime Bank Ltd, managing director and dignitaries of other Islamic banks, representatives of Central Shaiah Board and Islamic Economics Department of Bangladesh Bank were also present in the inaugural function.