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Shariah oversight committees to monitor Islamic banking and report violations: BB

Shariah oversight committees to monitor Islamic banking and report violations: BB

Bangladesh Central Bank Mandates Islamic Banking Reforms The central bank has directed all Islamic banking institutions to set up a Sharia supervisory board, outlining specific qualifications and responsibilities for its members. As per the newly issued guidelines, if any Sharia compliance issues arise within a bank’s operations, the bank’s board is required to promptly make […]