Padma Bank
Limited has introduced interest-free Islamic Shariah-based banking facilities
since Islamic banking services are gaining popularity day by day now-a-days in
Bangladesh.
The journey
of "Padma Bank Islamic" has officially started on May 25 with the
promise to give modern and digital banking services. All the transactions are
being managed by a completely separate Islamic software-based accounting
system, said a press release.
Padma Bank
Limited has opened the doors of interest-free banking services for all
customers irrespective of religion and caste through 60 branches and 14
sub-branches across the country.
From now on,
any customer can avail Islamic banking services from anywhere of the country at
any time. Anyone can open a "Padma Bank Islamic" account instantly
through Padma Wallet and Padma Internet Banking.
With the
"Padma Bank Islamic" Debit Card, clients can withdraw money from any
ATM booth of any bank in the country which is completely free of cost.
The release
said Padma Bank Limited has introduced 19 different types of Islamic deposit
services, including the Al Wadeeah Current Account, Mudarabah Savings Account
and Mudarabah Hajj Savings Scheme. Provisional profit rate on Mudarabah Deposit
Accounts is very attractive.
"Padma
Bank Islamic" conducts investment and foreign trade activities through
various Islamic Shariah-approved investment methods (Bai Murabaha, HPSM).
Through investments in retail, agriculture, and CMSME, Padma Bank Islamic is
dedicated to the socio-economic development of the people of the country.