DBH Finance launches Islamic wing

DBH Finance PLC, a specialist housing finance institution, launched the company's Islamic financing wing "DBH Islamic" in Dhaka on Wednesday.

The finance institution received the final approval from Bangladesh Bank on April 10 to start its shariah-based Islamic financing wing.

The institution has branches in Dhaka, Chattogram, Rajshahi, Khulna, Rangpur, Sylhet, Cumilla, Gazipur, Savar and Narayanganj and Islamic financial services will be available from all of its branches.

Nasir A Choudhury, chairman of the company, inaugurated the wing at a programme held at its head office in Dhaka, said a press release.

DBH chairman in his speech expressed his expectation that DBH Islamic would be a trusted name for providing shariah-compliant Islamic financing services to its customers.

Among others, members of the board of directors of the institution, Fariduddin Ahmed, member of the shariah supervisory committee, and Nasimul Baten, managing director and CEO, were present.