Meridian Finance gets final approval for Shariah finance
Following the permit, the company can now offer Sharia-compliant products and services in addition to their traditional financial solutions
Meridian Finance & Investment Limited has recently obtained the Bangladesh Bank's permission to commence a Sharia-based financing wing.
Following the permit, the company can now offer Sharia-compliant products and services in addition to their traditional financial solutions, said a press release.
"The initiative for such wing was taken considering the growing demand of the Sharia-based products and we are going to launch the wing's operation for all at the earliest," said Meridian Finance & Investment Limited Managing Director and CEO Quazi Nizam Ahmed.