Paying bills,cell phone top ups, or even transferring funds we nowadays seek through our internet banking apps cause life has become hectic and busy.
The Islamic banking is seeing impressive growth in Bangladesh Bangladesh entered the Islamic banking system only inwith the establishment of Islami Bank Bangladesh.
Since then, five more full-fledged private Islamic banks and 20 Islamic banking branches of conventional banks have been established. Patwary says that his bank is now one of the top performer banks in terms of business and profits among the 48 commercial banks operating in the country.
He says that for a Muslim, whose religion prohibits earning or paying interests, Islamic banking makes it possible to operate interest-free business. Islam forbids Muslims from usury, receiving or paying interest on loans.
Islamic banks and finance institutions cannot receive or provide funds for anything involving alcohol, gambling, pornography, tobacco, weapons or pork. New Order Bankers believe that the Islamic banking is set for even more progress, if a law governing Islamic Banking policies is introduced.
He explains that the growth rate of Islamic banking in the OIC countries for example is 15 to 20 percent while that of conventional banks is 10 to 15 percent. Islamic finance is one of the fastest growing sectors in the global financial industry. Currently, there are nearly Islamic banks and financial institutions worldwide.
Azizul Haque expects that higher growth rates in the next decade will force the global financial systems to Islamic banking. Islamic economic system will be that new economic order.House Building Loan against Registered Mortgage (Defence Officers) Loan Against Commutation Benefit (LACB) Army Officers Housing Loan Scheme – 2 (AOHLS- 2).
Bankinfobd - First Banking Information portal in Bangladesh.
Know more about banking sector in Bangladesh and offering by banks. Also a good place for those who plans to build their career in banking . The main objective of the study is to take a fresh look at the current M-Banking situation in Bangladesh and prospect of mobile banking in Bangladesh also highlight some recommendations for rendering M-banking services effectively.
Ultimate Banking Solution.
New Feature: Talktime recharge facilities available. You will receive an OTP (One Time Password) for Fund transfer for current session once. “Mobile Banking in Bangladesh” A New Device to Explore Banking Prepared By Sheikh Shamcur Rahman (Tusher) Bachelor of Business Administration Faculty of Business & Economics 35% of online banking households will be using mobile banking by , up from less than 1% today.
Upwards of 70% of bank center call. Access your account online, wherever you are, with secure internet banking from HSBC.