NCC Bank launches four Islamic banking windows

NCC Bank PLC recently launched four new Islamic banking windows at four different branches in Dhaka as part of its initiative to expand services in accordance with Islamic Shariah.

The branches are Gulshan, Baridhara, Dhanmondi, and Shyamoli.

M Shamsul Arefin, managing director of the bank, inaugurated the new Islamic banking windows as the chief guest, according to a press release.

Arefin noted that, in light of the current landscape, challenges, and potential of Islamic banking in the country, the bank has embarked on Shariah-compliant Islamic banking operations.

He further highlighted the remarkable response received from clients following the launch of two fully-fledged Islamic banking branches -- Gulshan and Muradpur in Chattogram -- within a short span of time.

As part of this ongoing initiative, the bank intends to establish Islamic banking windows at 32 conventional branches initially, alongside the launch of additional full-fledged Islamic banking branches.

In line with this plan, Islamic banking operations have already commenced at the Motijheel Principal branch; NCC Bank Bhaban branch; and in Feni, Mohipal, Parshuram, Chagalnaiya, Sonagazi, Narayanganj, Barishal, Jashore, and Khulna as well as the newly inaugurated Gulshan, Baridhara, Dhanmondi, and Shyamoli branches.

Going forward, Islamic banking windows will be progressively introduced across all branches and sub-branches of the bank, Arefin said, stressing the bank's unwavering commitment to rigorous compliance with Shariah principles, under the supervision of its Shariah Supervisory Committee.

He encouraged businesspersons and clients to partner with NCC Bank for Islamic banking services and to take advantage of its seamless offerings through the bank's digital platform.

Md Zakir Anam, deputy managing director of the bank; Md Shafiqure Rahman, senior executive vice-president and head of business and branch of Gulshan branch; and Abul Quasem Md Safiullah, executive vice-president and chief of Islamic banking division, were present.

Among others, Md Masudur Rahman, executive vice-president and head of business and branch of NCC Islamic banking Gulshan branch; Syed Atikul Islam, senior vice-president and head of business and branch of Baridhara branch; AKM Jahidul Alam, senior vice-president and head of business and branch of Dhanmondi branch; and Md Jashimuddin, senior vice-president and head of business and branch of Shyamoli branch, were also present.