International event on Islamic banking, finance on June 6

An international event on Islamic banking and finance will be held on June 6.

"Malaysia-based REDmoney group is organizing the event titled 'International IFN Bangladesh OnAir Forum", said Md. Touhidul Alam Khan, Additional Managing Director of Standard Bank Limited who is nominated as one of the members of advisory board of this event.

The theme of the roadshow is "Building Momentum: Islamic Finance in Bangladesh."

Under this theme, several emerging issues like tax, and regulatory changes on Sukuk, its potentiality as a form of mainstream financing, Shariah-based green and responsible financing solutions in response to important challenges, such as limiting climate change, alleviating poverty, and driving financial inclusion will be discussed.

Md. Touhidul Alam Khan said demand for Islamic banking in Bangladesh is on the rise because of the country's robust economic growth, rising population and growing middle class.

Abu Umar Faruq Ahmad, Chairman of Shariah Supervisory Board of Islamic Cooperative Finance, Australia is another member of advisory board of this international event where Dr Mizanur Rahman, Commissioner, Bangladesh Securities and Exchange Commission (BSEC) will present keynote paper.

Bangladesh has 11 full-fledged Islamic banks and 15 Islamic windows, holding almost 24% of the country's deposits and investments. There are 11 Takaful operators and about 12 conventional insurers are offering Takaful products.