IBBL’s Mudaraba agreement with BB for export facilitation fund

Abdur Rouf Talukder, Governor, Bangladesh Bank handing over a copy of agreeent to IBBL Mohammed Monirul Moula.

Islami Bank Bangladesh Limited signed an agreement with Bangladesh Bank for receiving ‘Export Facilitation Pre-finance Fund’ under the Islamic Shari’ah-compliant Restricted Mudaraba system. Bangladesh Bank formed this fund of Tk 10,000 crore from its own with the aim of continuing the ongoing development and expansion of export-oriented industries and to accelerate the activities of export-oriented business. 

Abdur Rouf Talukder, Governor, 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, Bangladesh Bank and top officials of both institutions were present on the occasion. – Press release