DBH Finance PLC – the country's largest and specialist housing finance institution – has received the final approval from Bangladesh Bank for opening of its Islamic Financing Wing (IFW).
DBH got approval from Bangladesh Bank on Tuesday to start its Shari'ah-based Islamic Financing Wing (IFW) to offer Shari'ah-compliant products and services from all of its 14 branches located in all major cities of the country, reads a press release.
Nasimul Baten, managing director & CEO of DBH said: “This is a milestone achievement, there is a huge demand for Shariah-based products. We have completed our preparations under the guidance of a very competent Shahirah Supervisory Committee and now we are ready to offer Shariah-compliant deposit and housing financing products to cater for the growing need of our clients. This will open a new avenue for us and we are committed to delivering the services to our customers in the most compliant manner.”