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Mercantile Bank launches Islamic Banking services

June 30, 2020 00:00:00

Mercantile Bank Limited has launched 'TAQWA', Shariah-complied Islamic banking service.

Morshed Alam MP, chairman of the bank, inaugurated the service on Monday through a virtual platform.

Initially Mercantile Bank will offer this special service through Islamic banking window in its country-wide 10 branches besides their regular conventional banking. The Chairman expressed the hope that by fulfilling the special client demand of Islamic banking facility, all types of client services will be ensured.

The Islamic Banking service commencing branches are Main Branch, Dhanmondi Branch and Uttara Branch in Dhaka; Agrabad Branch in Chattogram; Barishal Branch; Feni Branch; Chowmuhani Branch and Banglabazar Branch in Noakhali; Faridganj Branch in Chandpur and Damudya Branch inShariatpur.

Al-Haj AkramHossain (Humayun), Vice Chairman, Md. Anwarul Haque, Chairman, Executive Committee; Dr. Md. Rahmat Ullah, Chairman, Audit Committee; A.K.M. Shaheed Reza, Chairman, Mercantile Bank Foundation; A. S. M. Feroz Alam, M. Amanullah, Al-Haj Mosharref Hossain and M A Khan Belal, Directors were connected to the virtual inaugural ceremony. Md. Quamrul Islam Chowdhury, Managing Director & CEO delivered his welcome speech.

Md. Zakir Hossain, DMD &DCBO of the bank, moderated the ceremony while Mati Ul Hasan, AMD & CRO, DMDs and senior executives of the bank, along with the Head of Islamic Banking Division Syed Murtaza Hasan were also connected.

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