DBH Finance PLC – country’s largest and specialist Housing Finance institution – has received the final approval from Bangladesh Bank (BB) for opening of its Islamic Financing Wing (IFW).
DBH got the approval from Bangladesh Bank on April 11thto startits Shari’ah-based Islamic Financing Wing (IFW) to offer Shari’ah-compliant products and servicesfrom all of its 14 branches located atall major cities of the country.
Nasimul Baten, Managing Director & CEO of DBH said, “This is a milestone achievement, there is a huge demand for Shariah based products. We have completed our preparations under the guidance of a very competent Shahirah Supervisory Committee and now we are ready to offer Shariah compliant deposit and housing financing products to cater the growing need of our clients. This will open a new avenue for us and we are committed to deliver the services to our customers in most compliant manner.”
