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UCB Asset Management holds Shariah Supervisory Board Meeting


Published : 20 Apr 2022 08:15 PM

The first Shariah Supervisory Board meeting of UCB Taqwa Growth Fund was held at the HQ of UCB Asset Management Ltd., Bulu’s Center, Gulshan, Dhaka. 

The Supervisory Board was formed with the help from Islamic scholars and industry veterans. 

The Chairman of the board, Professor Dr. Md. Abdur Rashid (Professor, Dept. of Islamic Studies, University of Dhaka); Professor Dr. K M Saiful Islam Khan (Professor, Persian Language & Literature, University of Dhaka); Dr. Mohammad Zahidul Islam (Associate Professor, Dept. of Islamic Studies, University of Dhaka); Dr. Syed Muhammad Emdad Uddin (Senior Imam Khatib, University Central Mosque, University of Dhaka) and Shekh Mohammad Rashedul Hasan, Managing Director & CEO of UCB Asset Management Ltd.;  ATM Tahmiduzzaman, FCS, DMD & Company Secretary of United Commercial Bank Ltd. and  S M Samiuzzaman, CFA, Portfolio Manager of UCB Asset Management were present during this auspicious occasion. UCB Asset Management launched its first Shariah compliant product, UCB Taqwa Growth Fund in April 2022, with the initial size of BDT 35 Crore to generate superior risk adjusted returns over different market cycles by adhering to Shariah Principles. 

Reputed Islamic financial organizations of the country have participated in the initial public subscription of this fund, along with a number of Retail investors.