DBH launches Islamic financing wing

DBH Finance PLC, one of the country’s largest and specialist Housing Finance institutions, launched the Islamic Financing Wing (IFW) of the company “DBH Islamic” at a programme held at its head office recently.

Nasir A Choudhury, chairman of the company formally inaugurated the “DBH Islamic” as the chief guest of the programme whereas Fariduddin Ahmed, a prominent ex-banker of Islamic Banks of Bangladesh and Member, of the Shariah Supervisory Committee of DBH was present as a special guest.

Among others, members of the Board of Directors and Nasimul Baten, managing director and CEO including senior executives of DBH were also present at the inauguration ceremony.

Nasir Choudhury, chairman of DBH in his speech expressed his expectation that DBH Islamic would be a trusted name for providing Shariah-compliant Islamic financing services to its customers.

Nasimul Baten, managing director and CEO of DBH described the inauguration of the Islamic Financing Wing as a very important landmark for the company and mentioned that from now on DBH Islamic will be able to provide Shariah-compliant Islamic financing services to its customers from all of its 14 branches located in all major cities of Bangladesh. Initially, DBH Islamic will mobilize Mudaraba deposits and provide Islamic Home Financing and Car financing under Hire Purchase Shirkatul Meelk (HPSM) scheme and gradually it will offer more products for the customers, he mentioned.