SFIL gets the approval to launch Shariah Based Islamic Wing

Bangladesh Bank has allowed Strategic Finance & Investments Limited (SFIL) to start its shariah-based Islamic wing to offer shariah-compliant products and services. This is a timely step for Bangladesh Bank toward developing shariah-compliant financing windows in Bangladesh.

"The sustainable development of Islamic finance offers benefits for economic growth, reducing poverty and fostering shared prosperity. Islamic finance can significantly contribute to economic development, given its direct link to physical assets and the real economy. SFIL will now offer innovative deposit and loan products to cater the need of a growing segment of clients of Islamic beliefs based on shariah principles in line with Bangladesh Bank's guidelines." – said Irteza Ahmed Khan, Managing Director & CEO.