IBBL Chattogram North Zone Holds Shari'ah Awareness Conference

Professor Dr. Md. Salim Uddin, FCA, FCMA in his speech as the chief guest said that the popularity of Shariah-based banking is gradually increasing worldwide. About 5 percent of global finance is being operated in accordance with the Shariah principle. He said the growth of Shariah-based banking in Bangladesh is much higher than in other countries in the world. Noting that 25 percent of the country's banking is being conducted under Islamic banking, he said that Islamic banking is governed by both Shariah principles and conventional law. It is not possible to achieve success without following the principles of Shariah.

He said that in order to manage Islamic banking properly, all levels of manpower, including the management authorities, should have adequate knowledge, skills, capacity building, and maximum efforts in compliance with Shariah. He called upon all to nurture a culture of social and human values, benevolence, sincerity, devotion, responsibility, transparency, accountability, and compliance in the conduct and professionalism of all concerned including customers and stakeholders.