Shariah Supervisory Committee
- Janab Dr. Mohammad Manzur-E-Elahi
Chairman
- Janab Dr. Muhammad Saifullah
Vice Chairman
- Janab Maulana Md Mahmudul Haque
Member
- Janab Ahsan Zaman Chowdhury
Ex-Officio Member
- Janab Mohammad Reyad Hossain
Member Secretary
Trust Islamic Banking
SL. | NAME OF THE ISLAMIC BANKING WINDOW | LOCATION | NO. OF BRANCHES |
---|---|---|---|
1 |
Principal Branch |
Dhaka |
15 |
2 |
Dhanmondi Corporate Branch | ||
3 |
Gulshan Corporate Branch | ||
4 |
Dilkusha Corporate Branch | ||
5 |
Islamic Banking
Islam demands all economic activities including banking should run in accordance with the Islamic Shariah i.e. prohibition ofinterest from all transactions and dealing in businesses that are allowed (halal) in shariah. Islamic Banking has potential for earthly returns (earning profit) as well as reward in the Divine world (benefit in hereafter) by abiding the instructions of the Almighty Allah.
Shariah Principals of Islamic Banking
Al-wadiah:
Al-Wadiah is a ‘safe keeping’ arrangement approved in shariah. Islamic Banks use the Al-Wadiah principles to receive deposits in Current Accounts. Islamic Banks obtain permission from the Al-Wadiah depositors to utilize the Funds at its own responsibility and the depositors would not share any profit or loss earned/incurred out of using of this funds by the bank. The Banks have to pay back the Al-Wadiah deposits received on demand of the depositors.
Mudaraba:
Profit Sharing Ratio and Weightage of Trust Islamic Banking
Profit distributions are executed as per approved weightage table.
Sl. No. |
Deposit Type |
Weightage |
||
Mudaraba Savings Deposit | ||||
---|---|---|---|---|
1. |