Islami Bank Bangladesh Limited has signed an agreement with Bangladesh Bank for receiving the 'Export Facilitation Pre-finance Fund' under the Islamic Shari'ah-compliant Restricted Mudaraba system.
Bangladesh Bank formed a fund of Tk 100 billion on its own aiming to continue the ongoing development and expansion of export-oriented industries and to accelerate the activities of the export-oriented business.
Abdur Rouf Talukder, Governor, of Bangladesh Bank, handed over a copy of the agreement to Mohammed Monirul Moula, managing director and CEO of Islami Bank.
Abu Farah Md. Nasser, deputy governor, Maksuda Begum, Director of, the Regulation and Policy Department (BRPD) of Bangladesh Bank, and top officials of both institutions were present on the occasion.