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28 October 2021

Business Insider Bangladesh

‘Bangladesh yet to formulate a comprehensive framework for Islamic finance’

BI Report || BusinessInsider

Published: 00:37, 14 October 2021   Update: 00:38, 14 October 2021
‘Bangladesh yet to formulate a comprehensive framework for Islamic finance’

BIBM campus in the capital

Despite having a thriving industry, Bangladesh is yet to formulate a comprehensive legal and regulatory framework for Islamic finance, BIBM Executive Committee Chairman Ahmed Jamal has said.

He came up with the observation while addressing a virtual workshop titled “Introducing Sukuk in Bangladesh: Key Issues” held recently.

“Sukuk mechanism has some challenges in Bangladesh,” added Jamal, also deputy governor of Bangladesh Bank, saying that findings of the BIBM study and opinion of speakers there would help the central bank to take future actions.

Bangladesh Institute of Bank Management organised the event on October 11, in which Dr Mohammad Kabir Hassan, professor of the New Orleans University, USA took part.

Dr Md Akhtaruzzaman, director-general of the BIBM, Dr Barkat-e-Khuda, former

professor at Dhaka University, Arastoo Khan, former secretary of the Economic Relations Division, Syed Tariquzzaman, executive director of Bangladesh Bank, Mohammed Monirul Moula, managing director and CEO of Islami Bank Bangladesh also spoke in the programme.

A good number of participants, including senior bank executives, academicians, media representatives, faculty members of were present at the research workshop, the release reads.

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