Tagged: Islami Bank Bangladesh

‘US, UK banks refusing Islami Bank’

‘US, UK banks refusing Islami Bank’

Banks in the United Kingdom and the United States are not accepting transactions made through the Islami Bank Bangladesh Limited after allegations surfaced about its alleged funding of militant groups across the globe. The matter came to light when a team of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) met the central bank Governor. According to BGMEA, banks in the United Kingdom and the United States are not accepting export bills and documents through the Islami Bank Bangladesh. Apparel sector’s apex body has requested Bangladesh Bank Governor Atiur Rahman to resolve the issue, saying many of its members were facing troubles. The bank posted a clarification on its website and denied the charges.

DSE plans to launch ‘Islamic Shariah Index’

DSE plans to launch ‘Islamic Shariah Index’

The Dhaka Stock Exchange (DSE) is planning to introduce an ‘Islamic Shariah Index’ to increase investment of Islamic Shariah-based banks in the stock market. A meeting was held with the representatives of Islami Bank Bangladesh in order to prepare a gu…