Prime Bank launches Islamic Payroll Banking

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FE Team | Published: September 02, 2024 00:22:02

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Prime Bank has launched Islamic Payroll Banking services to cater the growing demand for Shariah-compliant financial solution. This service enables businesses to manage payrolls in a manner that aligns with Islamic principles, offering a fully ethical and shariah-based banking experience for employees, says a press release.
The new Islamic Payroll Banking service allows companies to deposit salaries directly into employees' Islamic banking accounts, providing access to a range of services such as Account Opening with Zero Balance, No Minimum Balance Requirement, Daily Basis Profit on Savings Account, Account Maintenance Charge Free, Internet Banking Facilities (MyPrime), and Real Time Salary Disbursements.
This initiative reflects Prime Bank's commitment to fostering financial inclusion while respecting the religious and ethical values of its diverse client base.
"Prime Hasanah Payroll Banking, is a testament of our commitment to promote Islamic banking services in Bangladesh. Through our 146 branches country-wide, we are set to serve the growing needs for Islamic banking amongst the SME and Corporate customers," said Nazeem A. Choudhury, DMD of Prime Bank.