Md Zakir Hossain Chowdhury, deputy governor of Bangladesh Bank, and Aziz Al Mahmood, chairman of IDLC Finance, attend the launch of the Shariah-compliant financing window, named “IDLC Islamic,” at the Pan Pacific Sonargaon Dhaka recently. Photo: IDLC Finance
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Md Zakir Hossain Chowdhury, deputy governor of Bangladesh Bank, and Aziz Al Mahmood, chairman of IDLC Finance, attend the launch of the Shariah-compliant financing window, named “IDLC Islamic,” at the Pan Pacific Sonargaon Dhaka recently. Photo: IDLC Finance
IDLC Finance PLC recently launched the Shariah-compliant financing window, named “IDLC Islamic,” at the Pan Pacific Sonargaon Dhaka.
Md Zakir Hossain Chowdhury, deputy governor of Bangladesh Bank, inaugurated the new window as the chief guest, said a press release.
For all latest news, follow The Daily Star’s Google News channel. The event featured a presentation on “Succeeding Sustainability through Shariah-Compliant Financing,” followed by an engaging panel discussion on the same theme, highlighting IDLC Islamic’s alignment with Shariah finance and sustainability.
Aziz Al Mahmood, chairman of IDLC Finance, and Prof Mohammad Gias Uddin Talukder, chairman of the Central Shariah Board for Islamic Banks of Bangladesh, attended the programme.
Speaking at the event, M Jamal Uddin, CEO and managing director of the non-bank financial institution, said, “IDLC Islamic is a significant step in our journey to create Shariah-based, ethical, and sustainable financial solutions. It reflects our commitment to addressing the diverse needs of our customers while adhering to the highest standards of governance and Shariah compliance.”
IDLC Islamic embodies IDLC’s commitment to fostering innovation in Shariah-compliant financing and serving the growing demand for Shariah-compliant financial products in Bangladesh.
Its offerings include mudarabah deposit schemes, providing various term and recurring deposit options for individuals and institutions, as well as Shari’ah-Compliant Financing Solutions, including Ijarah Muntahia Bit Tamleek (IMBT) and Murabaha, tailored to meet the needs of CMSMEs, corporates, and individuals.
Mohammad Manzur-e-Elahi, chairman of the Shariah Supervisory Committee at IDLC Finance, along with Shariah scholars and other stakeholders, was also present.
