SJIBL discussion meeting on "Cash Waqf"

FE Team | Published: August 22, 2020 20:41:29

Shahjalal Islami Bank Limited organised a discussion meeting on "Cash Waqf" on Saturday through Digital Platform. The Managing Director & CEO of the Bank Mr. M. Shahidul Islam was present as the chief guest in the meeting. Among others the Additional Managing Directors Mr. Abdul Aziz and Mr. S. M. Mainuddin Chowdhury, the Deputy Managing Directors Mr. Md. Shahjahan Shiraj, Mr. M. Akhter Hossain,Mian Quamrul Hasan Chowdhury, Mr. Imtiaz U. Ahmed & Mr. Nasim Sekandar were also present in the program as special guests. The Member secretary of Shariah Supervisory Committee & Murakib of the Bank Maulana Md. Farid Uddin gave a short briefing on Cash Waqf and the EVP & Head of Public Relations Division (PRD) Mr. Md. Shamsuddoha Shimu moderated the programme. A total of 887 officials of the Bank participated in this discussion. Managing Director & CEO of the Bank Mr. M. Shahidul Islam said, cash waqf is now recognized worldwide. The area of cash waqf is increasing day by day. In Indonesia, Malaysia, Turkey and Saudi Arabia cash waqf expanded widely. In our country, some Islami banks already started cash waqf. Shahjalal Islami Bank also operates Mudaraba Cash Waqf Deposit Product. I believe if Islamic banks start cash waqf campaign they can play a significant role in this sector. — Statement