Tagged: The Financial Express

Cash Waqf gets popularity

Cash Waqf gets popularity

Cash Waqf is a voluntary endowment of money, deposited to the banks perpetually. Profit paid on this deposit is spent in different people's welfare purposes according to instructions of the account holders. These include education, health, food, utilit…

Al-Arafah offers scholarship to students

Al-Arafah offers scholarship to students

Al-Arafah Islami Bank Ltd has provided scholarship worth more than Tk 1.85 million to the poor and meritorious students of Kurmitola High School recently under its corporate social responsibility activities. Chairman of the Bank Badiur Rahman handed ov…

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…

Prospects and challenges of Islamic microfinance

Prospects and challenges of Islamic microfinance

From the beginning the Islamic non-governmental organisations, cooperatives and microfinance institutions have been encountering numerous challenges. The principal challenge is Funding Islamic microfinance programme. A huge fund is required for coverin…