Demand for Islamic banking in Bangladesh is on the rise as a result from the country’s robust economic growth, rising population and expanding middle-class.
On the said perspective the authorities concerned has arranged IFN On Air Roadshow-2021 scheduled to be held on April 05, 2021 at Bangladesh Time 2:30 pm. Bangladesh Bank issued Islamic banking guidelines in 2009; the Securities and Exchange Commission announced it was working on regulations for Sukuk and derivatives in 2019; and the central bank have also issued the Refinance Scheme for Investment in green products or Initiatives targeted at Islamic banks and financial institutions.
Bangladesh boasts 10 fully-fledged Islamic banks and 15 Islamic windows, holding almost 24% of the country’s deposits and investments. There are 11 Takaful operators and about 12 conventional insurers offering Takaful products.
The government issues regular Islamic Investment Bonds; there have been numerous Sukuk issuances, particularly among financial institutions; there are two Islamic indices; numerous Islamic funds; and there’s a robust Islamic Fintech sector.
Md. Touhidul Alam Khan, FCMA, Additional Managing Director & CRO of Standard Bank Limited will moderate the event.
This roadshow will also cover the areas such as capital raising, investment, financial technology, Islamic finance landscape in Bangladesh, what does the domestic Islamic finance ecosystem still require from regulators and market, how can regulatory, Shari’ah governance & legal frameworks be developed and implemented to support Islamic finance, current liquidity management tools for Islamic banks, structuring of green Sukuk and syndication financing under Shari’ah etc.
“Considering demand for Islamic banking in Bangladesh is on the rise as a result from the country’s robust economic growth, rising population and expanding middle-class, this second IFN Bangladesh event is going to be held”, mentioned in their statement of REDmoney who has specific focus on the global Islamic finance industry launched in 2004 based on their offices Dubai, London and Kuala Lumpur.
Touhidul Alam Khan will contribute to REDmoney group on these issues by value addition as member of advisory board as well who is also an international correspondent of Islamic Finance News (IFN), Malaysia, world’s leading Islamic Finance news provider. He has many publications on Islamic finance & banking in international journals and regular author of country reports of Islamic banking in Bangladesh since 2011. Mentionable that he also moderated sessions and was a panelist of first International IFN Roadshow in Bangladesh in 2012.
