Progress of Islami banking in Bangladesh lauded
Friday, 27 July 2007
FE Report
The Bahrain Tribune, a widely circulated daily newspaper published from Bahrain, has recently lauded the progress of Islami banking in Bangladesh, said a press release.
The daily has made remark on the progress of Islami banking in Bangladesh, saying that while the entire world, including the GCC countries, grapples with the intricacies and challenges of Islami banking and finance, Bangladesh, as the first country wedded to the concept of Islamic banking in South and South-East Asia, has become a shining example of such alternate financial system.
Referring to Islami Bank Bangladesh Ltd (IBBL), the daily said after its establishment in 1983 as an interest-free and Shariah-based bank, the Bank is getting stronger everyday and being considered one of the largest banks in the country's non-government sector and Islami banking arena.
IBBL's Director Fayekuzzaman and Deputy Executive President of Investment Wing ATN Harunur Rashid Chowdhury recently visited Bahrain to join the International Islamic Financial Market, Bahrain Conference, jointly organised by Islamic Financial Market and Islamic Research and Training Institute, a member of Islami Development Bank Group supported by Central Bank of Bahrain and Bahrain Financial Services Development.
Fayekuzzaman, in his interview with the Bahrain Tribune, explained the reasons behind the success of IBBL.
He said Shari'ah is our strength and the people of the country have an immense faith in Islamic banking.
The Bahrain Tribune, a widely circulated daily newspaper published from Bahrain, has recently lauded the progress of Islami banking in Bangladesh, said a press release.
The daily has made remark on the progress of Islami banking in Bangladesh, saying that while the entire world, including the GCC countries, grapples with the intricacies and challenges of Islami banking and finance, Bangladesh, as the first country wedded to the concept of Islamic banking in South and South-East Asia, has become a shining example of such alternate financial system.
Referring to Islami Bank Bangladesh Ltd (IBBL), the daily said after its establishment in 1983 as an interest-free and Shariah-based bank, the Bank is getting stronger everyday and being considered one of the largest banks in the country's non-government sector and Islami banking arena.
IBBL's Director Fayekuzzaman and Deputy Executive President of Investment Wing ATN Harunur Rashid Chowdhury recently visited Bahrain to join the International Islamic Financial Market, Bahrain Conference, jointly organised by Islamic Financial Market and Islamic Research and Training Institute, a member of Islami Development Bank Group supported by Central Bank of Bahrain and Bahrain Financial Services Development.
Fayekuzzaman, in his interview with the Bahrain Tribune, explained the reasons behind the success of IBBL.
He said Shari'ah is our strength and the people of the country have an immense faith in Islamic banking.