Alhamdulillah, All the praises and thanks be to Allah (SWT), who blesses us with the opportunity to launch Islamic Banking Operation in Bank Asia Limited. As a commercial Bank working in a largest Muslim community, it is our humble & corporate social responsibility to honor the spirit & thrust of re
Bank Asia started its Islamic Banking operations in December 2008 and now operating five Islamic Banking Windows – 3 in Dhaka, 1 in Chittagong and 1 in Sylhet.
The preparation to start Islamic Banking operations in the Bank was as if it were the preparation to start a new bank. The maiden business operation of Islamic Banking unit in Bank Asia could be compared with the new bank operation unlike a new department.
The Board of Directors of Bank Asia Limited decided to enter into the realm of Islamic Banking in the year 2004.
In 2008 Bank Asia had the fortune to obtain NOC of Bangladesh Bank to go for Islamic Banking under the Islamic Window (concept) of conventional branches.
Being guided by prominent Islamic Banking Consultant, Mr. M. Azizul Huq, we developed fresh modus operandi for operations of Islamic Banking Windows in conventional Banks.
Thus we started a new era of Islamic Banking with ISR based on profit distribution module through inauguration of its first Islamic Banking Window at the Bank’s Uttara Branch, Uttara, on the 24th December, 2008
Achievement of sustainable economic growth with justice & equity with the divine framework and excellence in practicing Corporate Social Responsibility inherent in the Islamic Banking System.
Bank Asia is offering a school banking product named Smart Junior Saver from its Islamic Banking unit. The product is designed for the children / students who are under 18 years of age with a bundle of benefits including higher Income Sharing Ratio (ISR), Gift & Financial Aid for Bright students. The product was launched in November 2011.
Partnership with CYFI
With a view to expanding the arena of banking service and contributing to the next generation, the management of the Bank decided to establish partnership with Child and Youth Finance International (CYFI) in October 2012.
Child and Youth Finance International (CYFI) is a global multi-stakeholder network established in July 2011
CYFI has been established as a not-for-profit Dutch foundation with a two-tier board governance structure and a Partners Assembly.
CYFI is working for increasing financial protection and empowerment of children and youth around the world.
CYFI supports high quality financial education and safe & reliable financial inclusion for children & youth.
Secretariat of CYFI is situated at Amsterdam, Netherlands.
Objectives of the Partnership with CYFI
Familiarize young generation and their families with financial knowledge & services
Educate the children how to spend and save thus create financial awareness
Expand social awareness of savings habit & Islamic values in the children.
Encourage the kids to score bright result through rewarding brilliant students
Bring the children and students under the umbrella of our banking service
Ensure financial inclusion of future clients from fresh generation with superior mentality.
Target of Bank Asia through Partnership
To reach 1,00,000 children & students through financials inclusion and Knowledge Sharing on financial system by 2015
Contact Person : Mohammed Monzur Morshed Bhuiyan
Telephone Number : +88 02- 47110062, 47110247, 47113867, 47110278, 47110173, 47115813, Ext-301
Fax No : +88 02 9514820
Cell No. : +88 01711 198 680
Email : email@example.com