NCC Bank holds 2nd Shariah Supervisory Committee meeting

The second Shariah Supervisory Committee meeting of National Credit and Commerce (NCC) Bank was held at Bank Bhaban’s board room on Sunday.

Chairman of the Shariah Supervisory Committee Prof Dr Abu Noman Md Rafiqur Rahman presided over the meeting while NCC Bank Chairman Md Abul Bashar and Vice-Chairman Sohela Hossain were also present, said a press release.

Besides, Vice-Chairman of the Shariah Supervisory Committee Md Fariduddin Ahmed, members of the committee Dr Md Anwar Hosain Molla, Dr Muhammad Obaidullah and Shah Mohammad Wali Ullah and Managing Director and CEO of the Bank Mohammad Mamdudur Rashid along with Additional Managing Director M Shamsul Arefin, SEVP and Company Secretary Md Monirul Alam and SVP and Head of Islamic Banking Abul Quasem Md Safiullah also attended the meeting.

NCC Bank has already started Islamic banking activities securing permission from the Bangladesh Bank. Various types of deposit and investment services or products of NCC Islamic Banking were discussed and approved in the meeting.

NCC Bank started its journey in the financial sector of the country as an investment company back in 1985. The company aimed to mobilise resources from within and invest them in such a way as to develop the country’s industrial and trade sector and play a catalyst role in the formation of the capital market as well.

The bank has set up a new standard in financing in the industrial, trade and foreign exchange business. Its various deposit and credit products have also attracted the clients-both corporate and individuals who feel comfort in doing business with the bank.