"Popularity of Shariah based banking is gradually increasing worldwide. About 5 percent of global finance is being operated in accordance with Shariah principle", said Professor Dr. Md. Salim Uddin, FCA, FCMA, Chairman Executive Committee of Islami Bank also the Chairman BHBFC.
He was addressing the Shariah Awareness Conference organised by Chattogram North Zone of Islami Bank Bangladesh Limited recently on virtual platform.
He said, the growth of Shariah-based banking in Bangladesh is much higher than other countries in the world.
Noting that 25 per cent of the country's banking is being conducted under Islamic banking, he said that Islamic banking is governed by both Shariah principles and conventional law. It is not possible to achieve success without following the principles of Shariah.
He said that in order to manage Islamic banking properly, all levels of manpower, including the management authorities, should have adequate knowledge, skills, capacity building and maximum efforts in compliance with Shariah.
He called upon all to nurture a culture of social and human values, benevolence, sincerity, devotion, responsibility, transparency, accountability and compliance in the conduct and professionalism of all concerned including customers and stakeholders.
Mohammed Monirul Moula, Managing Director and CEO of the Bank addressed the program as special guest. Prof. Dr. Mohammad Abdus Samad, Member Secretary of IBBL Shariah Supervisory Committee discussed on the issue. Md. Nayer Azam, Head of Chattogram North Zone, Md. Shamsuddoha, Executive Vice President of the Bank and Head of Branches under Chattogram North Zone attended the Conference.
