Economic Reporter :
Bangladesh Bank (BB) has approved proposals of Standard Bank and NRB Global Bank to become fully-fledged Islamic banks amid growing popularity of shariah-based banking in the country.
BB’s board of directors at its meeting at the central bank’s headquarters on Sunday decided in principle to approve the banks as fully-fledged Islamic banks. BB governor Fazle Kabir presided over the meeting.
With the two new banks, the number of fully-fledged Islamic banks will be 10. Currently, there are eight fully-fledged Islamic banks in the country.
The banks are Islami Bank Bangladesh, ICB Islamic Bank, Social Islami Bank, Al-Arafah Islami Bank, Exim Bank, Shahjalal Islami Bank, First Security Islami Bank and Union Bank.
Besides, 18 conventional banks have Islamic banking branches and windows, along with their traditional banking.
Bangladesh Bank (BB) has approved proposals of Standard Bank and NRB Global Bank to become fully-fledged Islamic banks amid growing popularity of shariah-based banking in the country.
BB’s board of directors at its meeting at the central bank’s headquarters on Sunday decided in principle to approve the banks as fully-fledged Islamic banks. BB governor Fazle Kabir presided over the meeting.
With the two new banks, the number of fully-fledged Islamic banks will be 10. Currently, there are eight fully-fledged Islamic banks in the country.
The banks are Islami Bank Bangladesh, ICB Islamic Bank, Social Islami Bank, Al-Arafah Islami Bank, Exim Bank, Shahjalal Islami Bank, First Security Islami Bank and Union Bank.
Besides, 18 conventional banks have Islamic banking branches and windows, along with their traditional banking.
