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Category: Economy

Technology-Driven Islamic Banking for the Future

Technology-Driven Islamic Banking for the Future

Islamic banking in Bangladesh is entering a transformative phase, driven by evolving customer expectations, rapid technological advancements, and the growth of a digital financial ecosystem. Rising demand for accessible, transparent, and value-driven financial solutions is prompting institutions to prioritise innovation and modernisation, positioning technology as a cornerstone for enhancing trust and efficiency in Shariah-compliant services. […]
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Midland Bank Donates Ambulance

Ambulance Donated from Islami Banking Fund

Midland Bank PLC has significantly enhanced its Corporate Social Responsibility (CSR) commitment by donating an ambulance to Anjuman Mufidul Islam. This charitable institution is recognised as one of the principal providers of ambulance services in Dhaka, extending its vital services—to both patients and deceased persons—within the capital and its surrounding areas. The donation, confirmed in […]
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BBVA Commits to Expanding Its Digital Banking BBVA Accelerates European Expansion Through Digital Banking Model

BBVA Accelerates European Expansion Through Digital Banking Model

Speaking at the Global Banking Summit in London, BBVA’s Chief Executive Officer, Onur Genç, reaffirmed the group’s firm commitment to its 2025–2029 Strategic Plan, underlining that the bank’s future growth will continue to be driven by profitable, organic expansion rather than large-scale acquisitions. His remarks highlighted BBVA’s growing confidence in its European digital banking model, […]
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Mizanur Rashid Appointed as New Deputy Managing Director of City Bank Mizanur Rashid to Accelerate Digital Transformation at City Bank

Mizanur Rashid to Accelerate Digital Transformation at City Bank

City Bank has announced the appointment of Mizanur Rashid as its new Deputy Managing Director, a strategic move widely viewed as a significant boost to the bank’s ongoing digital transformation and long-term growth agenda. With more than three decades of distinguished professional experience spanning fintech, consumer packaged goods, and multinational corporate leadership, Rashid brings a […]
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Depositors May Be Allowed to Withdraw Up to Two Lakh Taka United Islamic Bank to Allow Withdrawals of Up to Two Lakh Taka in Initial Phase

United Islamic Bank to Allow Withdrawals of Up to Two Lakh Taka in Initial Phase

Five Shariah-based Islamic banks in the country will be merged and renamed as the ‘United Islamic Bank’. Branch signboards will be updated swiftly. Before the signboard change, Bangladesh Bank will announce when depositors can access their funds. According to Bangladesh Bank sources, a special programme will be launched alongside the establishment of the new bank. […]
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Black Sea Ship Insurance Surges

Insurance Costs Triple in Black Sea After Ukrainian Strikes

War risk insurance for vessels visiting ports in the Black Sea has surged nearly threefold following a series of attacks targeting Russia’s so-called shadow fleet. Analysts warn that maritime insurers are adjusting premiums rapidly as geopolitical tensions and operational hazards in the region intensify. According to Marsh, the world’s largest insurance broker, premiums for war […]
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Mohammad Ali Named IRBA Transformation Leader 2025

Mohammad Ali Receives IRBA Transformation Leader Award

Mohammad Ali, Managing Director of Pubali Bank Limited, has been officially recognised as the “IRBA Transformation Leader in Bangladesh 2025” by the prestigious Awards Committee of the Islamic Retail Banking Awards (IRBA). The accolade highlights Ali’s outstanding leadership and his pivotal role in advancing the country’s Islamic banking sector. According to a press statement from […]
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