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Some key proposals for our Islamic banking reforms

M A Masum

Islami Bank Bangladesh Limited is the largest commercial bank of Bangladesh. It is the first Shariah-based Islamic bank in the South-East Asia established in March 1983 with the slogan "Pioneer of Welfare-Oriented Banking". Over the past four decades, Islamic banking has firmly established itself as a significant financial sector in Bangladesh, operating in accordance with ...

Banking sector reforms: why and how?

M A Masum

In the last 15 years, lacs of crores taka have been looted from different banks with direct help of central bank. Despite many efforts of the interim government, complete trust of customers in bank has not been restored. Many customers are not able to withdraw their money from bank. On the other hand, private sector ...

Where will bank interest rate reach?

M A Masum

Creating financial stability is essential for all types of people of the country. Bangladesh Bank frequently changes in basic policies of the banking sector which creates confusion among customers. Abdur Rouf Talukder joined as Govronor on 11 June 2022 of Bangladesh Bank and. recently resigned. He has made several changes in the policy of determining ...

Financial Literacy Day focuses on customers’ awareness

M A Masum

Today 4th March, Monday is the "Financial Literacy Day". Different banks and financial institutions of the country 2nd time will celebrate a "Financial Literacy Day" arranging various activities to raise customers awareness and impart knowledge on financial matters and services. Bangladesh Bank already issued "Financial Literacy Guidelines" on 27 March 2022 and declared "Financial Literacy ...

How does ‘crawling peg’ solve Dollar crisis?

M A Masum

An exchange rate is a rate at which one currency will be exchanged for another currency. An exchange rate system is closely related to monetary policy of that country. There are three basic types of exchange systems: floating, fixed and pegged float exchange. Most exchange rates are defined as floating and will rise or fall ...

2023 was annus horribilis for our banking sector

M A Masum

The year 2023 has ended with so many economic and financial crises that leave the economy of Bangladesh in new challenges to face. The crises hit the growth of the banking sector of Bangladesh and exhibit multifarious challenges for the year 2023 like liquidity crisis, shrinking spread as such degradation of income, slowdown of export ...