Md Zakir Hossain Chowdhury, Deputy Governor of Bangladesh Bank, attended the launching ceremony of IDLC Islamic as the chief guest at a city hotel recently. IDLC Finance PLC, the nation's largest non-bank financial institution (NBFI), has announced the launch of its Shari'ah-compliant financing window -- IDLC Islamic.
Md. Zakir Hossain Chowdhury, Deputy Governor of Bangladesh Bank, was present as the chief guest at the launching ceremony held at a city hotel recently, says a press release.
Aziz Al Mahmood, Chairman of IDLC Finance, M Jamal Uddin, CEO & Managing Director of IDLC Finance, Dr Mohammad Gias Uddin Talukder, Chairman, Central Shariah Board for Islamic Banks of Bangladesh (CSBIB), and Dr Mohammad Manzur-e-Elahi, Chairman of IDLC's Shari'ah Supervisory Committee (SSC), attended the event.
The event featured a presentation on "Succeeding Sustainability through Shari'ah-compliant Financing," followed by an engaging panel discussion on the same theme, highlighting IDLC Islamic's alignment with Shari'ah finance and sustainability. IDLC Islamic embodies IDLC's commitment to fostering innovation in Shari'ah-compliant financing and serving the growing demand for Shari'ah-compliant financial products in Bangladesh.
Its offerings include Mudarabah Deposit Schemes, providing various term as well as recurring deposit options for individuals and institutions, and Shari'ah-Compliant Financing Solutions, including Ijarah Muntahia Bit Tamleek (IMBT) and Murabaha, tailored to meet the needs of CMSMEs, corporates, and individuals.
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