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PBIL launches four discretionary product segments

Published : Wednesday, 21 February, 2024 at 12:00 AM  Count : 458
Business Correspondent
Prime Bank Investment Ltd (PBIL), the countrys leading investment bank, has launched four innovative discretionary product segments - Shariah, Women, Probashi, and Youth for capital market investment, catering to diverse investor segments under the brand "PrimeInvest- discretionary product suites".
The prestigious unveiling ceremony took place at The Westin Dhaka recently and was graced by Dr. Shaikh Shamsuddin Ahmed, Commissioner of Bangladesh Securities and Exchange Commission (BSEC), who attended as the chief guest, along with Prominent business icon Azam J Chowdhury, Director of Prime Bank PLC, Tanjil Chowdhury, and Chairman of Prime Bank PLC, C Q K Mustaq Ahmed, Chairman of Prime Bank Investment Ltd, Syed M Omar Tayub, Managing Director and CEO of Prime Bank Investment Ltd., and honorable directors and senior officials from Prime Bank Investment, and other notable personalities and industry leaders.
This is the first time in Bangladesh that any investment bank is introducing a complete range of discretionary product segments designed to meet the investment needs of a diverse range of people, whether they are experienced investors or novices.
PrimeInvestShariah introduces a suite of Shariah-compliant capital market investment solutions tailored for the broader Muslim community, under the supervision of a dedicated Shariah Board to ensure adherence to international Shariah screening standards.
PrimeInvestProbashi is a unique initiative offering investment opportunities for individuals living abroad. Through PrimeInvestProbashi, our remittance earners can invest online in the capital market with just a few clicks.
PrimeInvest Women is committed to empowering women in investment, encouraging their active engagement in the capital market. With a dedication to fostering financial inclusion and prosperity for women from diverse backgrounds, PrimeInvest Women provides a variety of unique portfolio management products.
PrimeInvest Youth is a specially crafted investment scheme designed to empower youths aged between 18-25. For young earners, this monthly investment plan can be the best way to fulfill their long-term financial goals through a more disciplined approach along with the benefit of the power of compounding.
The BSEC commissioner and honorable chief guest Dr. Shaikh Shamsuddin Ahmed applauded PrimeInvests new four products in terms of investment in the capital market. He stated that the Bangladesh Securities and Exchange Commission (BSEC) is striving to introduce Islamic Shariah-based products to the capital market. Various Shariah-based products have been introduced, including Sukuk bonds. As these products begin to emerge, the commission is actively promoting their advancement. He also emphasized the significant contributions of the banking sector despite concerns about non-performing loans, stressing the need to explore additional sources. He underscored the commissions commitment to continuous growth and expansion over the past 50 years, highlighting the necessity of variety of products targeting different segments like Shariah, Probashi, Women and Youth for encouraging more investments to achieve this objective.
Director of Prime Bank PLC, Azam J. Chowdhury, Syed M Omar Tayub, Managing Director, and CEO of PBIL also spoke at the event.



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Editor : Iqbal Sobhan Chowdhury
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