Islamic Banking, Bank Asia Limited

Alhamdulillah, All the praises and thanks be to Allah (SWT), who blesses us with the opportunity to launch Islamic Banking Operation in Bank Asia Limited. As a commercial Bank working in a largest Muslim community, it is our humble & corporate social responsibility to honour the spirit & thrust of religiously guided people who prefer Shariah based banking and we have, therefore, started our Islamic banking Operation.

Bank Asia started its Islamic Banking operations in December 2008 and now operating five Islamic Banking Windows – 3 in Dhaka, 1 in Chittagong and 1 in Sylhet.
The preparation to start Islamic Banking operations in the Bank was as if it were the preparation to start a new bank. The maiden business operation of Islamic Banking unit in Bank Asia could be compared with the new bank operation unlike a new department.
The Board of Directors of Bank Asia Limited decided to enter into the realm of Islamic Banking in the year 2004.
In 2008 Bank Asia had the fortune to obtain NOC of Bangladesh Bank to go for Islamic Banking under the Islamic Window (concept) of conventional branches.
Being guided by prominent Islamic Banking Consultant, Mr. M. Azizul Huq, we developed fresh modus operandi for operations of Islamic Banking Windows in conventional Banks.
Thus we started a new era of Islamic Banking with ISR based on profit distribution module through inauguration of its first Islamic Banking Window at the Bank’s Uttara Branch, Uttara, on the 24th December, 2008.