NRBC Bank PLC on Thursday organised a seminar titled `Islamic Economy: Building a Justice in Society beyond Riba’ at its training institute in the capital, said a press release.
The programme was arranged by the bank’s Al-Amin Islamic banking division.
Syed Mabruk Billah, associate professor at Prince Mohammad Bin Fahd University, Saudi Arabia, presented the keynote paper.
The seminar was attended by Syed Mosaddek Billah Al Madani, chairman of NRBC Bank’s Shariah supervisory committee; Md Touhidul Alam Khan, managing director and CEO; Harunur Rashid, deputy managing director and CFO; Mohammad Abdul Qaium Khan, deputy managing director, COO and CAMLCO; and Abdul Gafur Raana, head of Al-Amin Islamic banking division, along with senior executives, Shariah scholars, researchers and professionals.
Syed Mohammad Mosaddek Billah Al Madani, chairman of Shariah board of NRBC Bank, said that the fundamental principle of Islamic banking was interest-free transactions.
He noted that Shariah-based Islamic banking, through profit-and-loss sharing between clients and banks, created the foundation for a just and equitable financial system.
Speaking as chief guest, Touhidul Alam Khan said that NRBC Bank was providing Shariah-compliant financial services through all of its branches and sub-branches alongside conventional banking.
He informed that deposits and investment through Islamic banking windows are increasing day by day.
‘We are not only focused on profit-making but also committed to building a fair, transparent and socially responsible financial system,’ he added.
In his keynote, Syed Mabruk Billah said that Islamic banking had emerged as a recognised alternative financial system not only in Bangladesh but across the world.
Islamic banking is now operating in more than 80 countries and is growing annually by 10 to 12 per cent. In Bangladesh, Islamic banks are playing an important role in the overall development of the economy, he noted.
