TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK

TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK


TT-Clean: 77.1 | TK BC-Selling: 78.1
TK OD-Sight: 76.88 TK | TC-Selling: 78.1 TK

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Rate last updated: 02/01/2014 11:15:04 AM


Islamic Banking & Finance has turned into well accepted to the people and its suitability has been rising in the country and all over the world enormously. Islamic Banking & Finance has already been proved its significance in the field of economy caring almost 30% business volume of the whole banking business. The sector is also standing at leading point by discharging its responsibilities in Corporate Social Responsibility (CSR).

Highlighting on elevated ethical standards, it builds a society with the honest, responsible, caring & trustworthy people. The well designed pool of Liability & Asset products based on Islamic Shariah Principles, saves the banks from the rapid raising of non-performing resources and ensures quality of the assets. Islamic banking asset products confirm real transaction instead of only financial transaction, role of which is to ensure high productivity, employment etc. Thus, it has been effectively crossing the financial crisis broaden out all over the world following latest economic depression.

Now Islamic Banking & Finance is well competent to meet the emerging demand of the people who are interested in Riba free banking and also eager to manage their assets by this holistic system.

Dhaka Bank has been providing Islamic Banking services through its 2 (two) branches with adhere to the Islamic values & Integrity. Our first Islamic Banking Branch, Motijheel, Dhaka was inaugurated on July 02, 2003 and second one, Islamic Banking Branch, Muradpur, Chittagong was opened on May 22, 2004. We may mention that

Dhaka Bank is the pioneer to establish Shariah based banking operations

Objectives Of Islamic Banking Operations
  • To eliminate oppression & disparity from the economic field ensuring equitable distribution of wealth.
  • To establish honesty & justice.
  • To earn welfare by best utilization of assets without keeping idle.
  • To invest with caring welfare of individual & whole together and avoid uncertainty in the society.
  • To prioritize the welfare & necessity of the society instead of profit only.
  • To invest in comparative least developed & deprived area prioritizing common demand along with agriculture, Industry & Commerce.
  • To work for earning economical stability.
  • To meet basic needs & develop status of human life by ensuring proper utilization of human resources & wealth.
  • To assist legitimate business & financial transaction along with Riba free commodity base transaction.
  • To help in balanced development of the Society.
  • To engage small & big capital in business & create fastness in economy.
  • To avoid uncertainty in the society improving financial strength of distressed people with more confidence standing on Islamic Financial System.
  • To create various products derivatives considering modern economies demands.
  • To improve & develop life standard of Poor people caring their quality in main stream of Society.
  • To play role for alleviation of the poverty from the Society.
Shariah Supervisory Committee
Islamic Banking Operations of Dhaka Bank is conducted under keen supervision of Shariah Supervisory Committee. Shariah Supervisory Committee of Dhaka Bank consists of a team of Shariah scholars & experts, renowned Islamic banker, Lawyer along with personalities having outstanding strength in Qur’an, Hadith & Fiqh. The Shariah Supervisory Committee meeting held at least once in a quarter and it reviews the Islamic Banking activities and provides their expert opinion on various Shariah related issues of Islamic Banking Operations. The Member Secretary discharges his duty as the chief of the Shariah Supervisory Committee Secretariat & the Muraquib acts in the Secretariat under Member Secretary & helps the Shariah Supervisory Committee for its regular activities.
A short introduction of Shariah Supervisory Committee is hereunder

Sl No Name Designation Qualification
1 Mr. M. Azizul Huq Chairman M Com (Renowned Islamic Banker)
2 Dr. Abu Noman Md. Rafiqur Rahman Member (Faqih) Kamil, MA, PhD
3 Mr. Md. Fariduddin Ahmed Member (Expert in Islamic Banking) B Com, DAIBB
4 Dr. Mohd. Haroon Rashid Member (Faqih) Takmil (Dawrah Hadith), MA, PhD
5 Hafej Mawlana Abdul Gaffar Member (Faqih) Takmil (Dawrah)
6 Barrister Sabel Nawaz Member (Lawyer) Bar-at-law, LLB
7 Mr. Syed Mahbubur Rahman Member (Ex-Officio) MSC, MBA
8 Mr. Md. Kamaruzzaman Member Secretary Kamil, MA, MBA, LLB
Activities Of Islamic Banking Division
As per Guideline on Islamic Banking issued by Bangladesh Bank BRPD Circular No.15 dated November 9, 2009, a full pledged separate division namely “Islamic Banking Division” was established. Currently the Division is headed by a Senior Executive Vice President having experience in Islamic Banking & Finance. The duty & responsibility of the Division is exclusively as follows:

  • Framing Islamic Banking rules, regulations and Guidelines as well as their implementations.
  • Maintaining co-ordination with the Shariah Supervisory Committee and the other Divisions of the Bank.
  • Holding Shariah Supervisory Committee meeting at least once in a quarter and various Shariah related issues are discussed, reviewed & resolved.
  • Confirming investment of the Funds received for Islamic Banking Business under modes approved by Islamic Shariah.
  • Train up the manpower deployed in the Islamic Banking Branch.
  • Submission of required statements to the Central Bank.
  • Compliance of any other responsibility (ies), the Central Bank may assign from time to time.
  • Supervise the Islamic Treasury Function (Fund Management of Bangladesh Government Islamic Investment Bond, SLR/CRR maintenance etc.)
  • Conduct Shariah Audit/Inspection of the Islamic Banking Branches.
  • Supervising & monitoring Islamic Mudaraba deposit products namely “Tawfeer Mudaraba Savings Bond Account-TMSBA.
  • Determining final rates against provisional rates of various Mudaraba deposits Accounts at end of the year.
  • Other responsibilities/activities as and when assigned by the Management & day to day activities.
Dhaka Bank has been maintaining following deposit products under Al Wadeeah & Mudaraba principle of Islamic Shariah under Islamic Banking Operations:

Deposit Products Investment products
Al-Wadeeah Current Account Murabaha Purchase Order
Mudaraba Savings Account Bai-Muazzal Industrial
Mudaraba Term Deposit Account Bai-Muazzal Others
Mudaraba Special Notice Deposit Account Murabaha Post Import Trust Receipt
Mudaraba Pension Scheme Account Murabaha Term Finance Industrial
Mudaraba Special Deposit Scheme Account Murabaha Term Finance Others
Mudaraba Foreign Currency Deposit Account Hire Purchase Shirkatul Meelk
Tawfeer Mudaraba Deposit Pension Scheme (T- MDPS) Ijarah Transport
Tawfeer Mudaraba Savings Bond Account (T- MSBA) Ijarah Machinary & Equipment
Tawfeer Mudaraba Foreign Remittance Account (T- MFRA) Quard against MTDR
Mudaraba Gold Deposit Account
Mudaraba Platinum Deposit Account
Mudaraba Silver Deposit Account
Mudaraba Residence Foreign Currency Account
Mudaraba Ratib (Salary) Account

Besides, Selling of Payment Order, Demand Draft, issuance of Bank Guarantee, Performance Guarantee, Bid Bond, Customers Solvency Certificates, Foreign and other necessary banking services are also available at the 2 (two) Islamic Banking Branches under Islamic Banking Operations of Dhaka Bank.

We always welcome your valuable visit to our Islamic Banking Branches for further help.


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