Standard Bank turns into Shariah-based bank

Standard Bank Limited, one of the most prominent private commercial banks in the country, has transformed into a full-fledged Shariah-based bank from January 1.

The bank got permission from Bangladesh Bank to conduct operations according to Islami Shari`ah last December 29, said a press release on Sunday.

Marking the day, a doa-mahfil was organised on the virtual platform.

Janab Kazi Akram Uddin Ahmed, chairman of the Board of Directors of the bank and former president of FBCCI inaugurated the new journey of the Bank formally by cutting cake while Managing Director and CEO Janab Khondoker Rashed Maqsood presided over the ceremony.

Vice-Chairman Ashok Kumar Saha; Directors Messers Kamal Mostafa Chowdhury, Md Zahedul Hoque, Ferozur Rahman, SAM Hossain, Al-Haj Mohammed Shamsul Alam, Mohammed Abdul Aziz, Ferdous Ali Khan, Kazi Khurram Ahmed, Md Abul Hossain, Najmul Huq Chaudhury, and Md Nazmus Salehin; Member of Shari`ah Supervisory Committee Hafiz Kazi Md Ibrahim and Dr Muhammad Saifullah; Deputy Managing Director Md Motaleb Hossain and Mohammad Rafiqul Islam, Coordinator of SBL Islami Bank Conversion Project Md Mohon Miah and employees of SBL  attended the ceremony.

Chairman of the Bank Janab Kazi Akram Uddin Ahmed expressed his gratitude in the court of Allah almighty and wished overall happiness and prosperity to all.