TBT DESK: The Central Shariah Board for Islamic Banks of Bangladesh (CSBIB) convened its 70th Executive Committee meeting on Monday at the boardroom of First Security Islami Bank PLC's head office in Gulshan.
Presided over by Executive Committee Chairman Mufti Muhammad Abdullah, the gathering brought together key leaders from Bangladesh's Islamic banking sector. The session focused on strengthening compliance and coordination across Shariah-based financial institutions, reviewing strategic initiatives, and enhancing public awareness of Islamic finance principles, reads a press release.
The meeting saw active participation from high-ranking Shariah officials and scholars, including Dr. Md. Golam Samdani Fakir (Vice Chairman of CSBIB), along with representatives from Islami Bank Bangladesh PLC, Al-Arafah Islami Bank, Social Islami Bank, Union Bank, Global Islami Bank, EXIM Bank, and others. Attendees deliberated on improving the standardisation of Shariah practices and shared insights on contemporary challenges facing the sector.
Notably, CSBIB emphasised the importance of continuous professional development, urging all member banks to foster transparency and unified practices under the guidelines of Shariah. Discussions also highlighted the growing interest of the public in ethical banking solutions, with a focus on expanding outreach and education.
CSBIB General Secretary Gias Uddin Ahmad, who moderated the meeting, noted that collaboration among stakeholders is essential to keep pace with the evolving financial landscape while staying true to Islamic principles.
The Central Shariah Board, which acts as a unifying authority for Shariah compliance across Islamic banks and financial institutions in Bangladesh, continues to play a pivotal role in aligning national Islamic banking practices with global standards.